S.J.S. Enterprises Limited has informed the Exchange about Investor Presentation
July 29, 2025
To,
National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra – Kurla Complex, Bandra (E), Mumbai -400 051
BSE Limited Corporate Relationship Department, 2nd Floor, New Trading Wing, Rotunda Building, P.J. Towers, Dalal Street, Mumbai – 400 001
Symbol: SJS
ISIN: INE284S01014
Dear Sir/Madam,
Scrip Code: 543387
Subject: Earnings Call Presentation of the Company Pertaining to Q1 of FY 2025-26
In continuation with the Company’s letter dated July 23, 2025, pertaining to intimation of schedule of earnings call to be held on Wednesday, July 30, 2025, at 11:00 AM (IST) and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the earnings presentation on the unaudited Financial Results of the Company for the quarter ended June 30, 2025.
Also, this presentation will be uploaded on the website of the Company at https://www.sjsindia.com/
Request you to kindly take the above on record.
Thank you,
Yours faithfully, For S.J.S. Enterprises Limited
_____________________ Thabraz Hushain W. Company Secretary and Compliance Officer Membership No.: A51119
Encl: As mentioned above.
SJS Enterprises Limited
Q1FY26 EARNINGS PRESENTATION
SJS| Disclaimer
Certain statements made in this presentation relating to the Company’s objectives, projections, outlook, expectations, estimates, among others may constitute ‘forward-looking statements’ within the meaning of applicable laws and regulations. Actual results may differ from such expectations, projections etc., whether express or implied. These forward-looking statements are based on various assumptions, expectations and other factors which are not limited to, risk and uncertainties regarding fluctuations in earnings, competitive intensity, pricing environment in the market, economic conditions affecting demand and supply, change in input costs, ability to maintain and manage key customer relationships and supply chain sources, new or changed priorities of trade, significant changes in political stability in India and globally, government regulations and taxation, climatic conditions, natural calamity, commodity price fluctuations, currency rate fluctuations, litigation among others over which the Company does not have any direct control. These factors may affect our ability to successfully implement our business strategy. The company cannot, therefore, guarantee that the ‘forward-looking’ statements made herein shall be realized. The Company, may alter, amend, modify or make necessary corrective changes in any manner to any such forward looking statement contained herein or make written or oral forward-looking statements as may be required from time to time on the basis of subsequent developments and events
Q1FY26 Earnings Presentation
July 2025
2
SJS| Q1FY26 Concall Presenters
K A JOSEPH Managing Director
SANJAY THAPAR Group CEO & Executive Director
MAHENDRA NAREDI Group Chief Financial Officer
DEVANSHI DHRUVA Head–Investor Relations
• Founded the company in 1987
• More
than 35 years of aesthetics
in experience printing business
• Post graduate
diploma
in business administration from the St. Joseph’s College of Administration, Business Bangalore; from B.Sc Bangalore University
• Over 35 years of experience in
the automotive industry
• Previously worked with Ashok Minda Group, Minda Valeo Security Systems, Minda HUF Limited, Tata Engineering and Limited Locomotive Company (now known as Tata Motors Limited)
• Bachelor’s degree
in
(mechanical engineering) the Delhi College of Engineering
science from
• 25+ years of experience in financial management, key accounting & financial analysis, FP&A, fundraising, M&As, legal & compliances, and strategy.
• Previously worked
in Minda
Corporation, Wipro & GE
• Bachelor’s degree in Law & Commerce Rajasthan from University, Chartered Accountant and Company Secretary from ICAI and ICSI
• Previously worked with Westlife Development Limited (McDonald’s India) and Piramal Enterprises Limited managing Investor Earlier Relations. worked as Equity Research Analyst with Dolat Capital Markets Pvt. Ltd.
• PGDM – Finance from K J Somaiya Institute; M.Com & B.Com (Accounting & Finance) from University of Mumbai
Q1FY26 Earnings Presentation
July 2025
3
SJS Overview| Premium aesthetics products manufacturer
Strategic Market Position
in
• Operates
the high value-add aesthetics market across multiple consumer-oriented end industries
• Multi-industry applications enhancing
consumer products
• Focused on premium aesthetic
products and innovative designs
Core Products and Technologies
• Wide product
range: Decals, appliques/dials, overlays, logos/3D in-mold lux, aluminium badges, decoratives (IMD), optical plastics and lens mask covers for diverse applications
• Innovation-driven: In-house design
and R&D capabilities
Operational Excellence
• Partner, co-creator and supplier of choice to several leading OEMs in the automotive and consumer durables industry
• Supplying globally from its facilities in Bengaluru, 2 in Pune & 1 at Manesar, Gurugram spread across 4,00,000+ sq. ft.
Rs 7,605 Mn Revenue FY25
26.4% EBITDA margin FY25
~2,300 Workforce
22 Countries served
4 Production facilities (Bangalore, Pune [2], Manesar) (+1 facility at Hosur under construction)
220+ Customer locations
>197 Mn Parts supplied (FY25)
12,200+ SKUs (FY25)
Q1FY26 Earnings Presentation
July 2025
4
Q1FY26 Business & Financial Highlights
SJS| Q1FY26 Highlights
SJS outperformed by delivering ~19x growth in automotive business compared to 1.2% YoY growth in 2W+PV industry. Strong performance on back of 32.7% YoY growth in 2W and 13.8% YoY growth in PV.
• Quarterly Revenue at Rs. 2,096.6 Mn, a growth of 11.2% YoY • Growth largely driven by 32.7% YoY growth in 2W segment • Quarterly Domestic business grew by 12.1% on YoY basis
• Q1 EBITDA grew 16.3% YoY to Rs 587.2 mn; EBITDA margins at 27.6% • Q1 PAT grew 22.6% YoY to Rs 346.2 Mn with a margin of 16.5%
• •
FCFF for Q1FY26 is Rs. 325.6 Mn Strong cash flow generation; Net cash at Rs. 1,311.4 Mn
Capacity expansion projects underway at Pune & Bangalore
• • Green manufacturing excellence award 2025 (GMEA award) from Futurescaper for developing a
sustainable manufacturing organization
SJS started supplies to Hero MotoCorp during Q1FY26
Note: SJS Decoplast Private Limited erstwhile Exotech Plastics Private Limited
Q1FY26 Earnings Presentation
July 2025
6
SJS| Outperforming the Industry Growth for 23rd consecutive quarter
Q1FY26 - Industry Production Volume1 v/s SJS YoY Sales2
32.7%
22.8%
~19x growth v/s industry
13.8%
0.7%
2W
3.4%
1.2%
PV
2W+PV
Industry
SJS (Cons)
2W segment delivered strong growth
11.2%
SJS (Cons)
+
SJS Consol Revenue
Note: 1) Industry Production Volumes are production in India; 2) For SJS YoY Sales it is Consolidated numbers
Q1FY26 Earnings Presentation
July 2025
7
SJS| Q1FY26 Business Highlights
Strong growth story continues…
s t n u o c c A a g e M g n w o r G
i
n o W s t c e j o r P s s e n i s u B y e K
-
r e m o t s u C w e N
n o i t i d d A
Autoliv, USA
FCA, USA
Q1FY26 Earnings Presentation
July 2025
8
SJS| Awards & Achievements
Green manufacturing excellence (GMEA) award 2025 from Futurescaper for developing a sustainable manufacturing organization
Good manufacturing practice (GMP) certification by TUV in June 2025
Q1FY26 Earnings Presentation
July 2025
9
SJS | ESG Initiatives
Environmental
Signed agreements with Surya Urja 1 for up to 3MW solar power supply
Company entered in an agreement to procure 4.65 MW solar power for Exotech & WPI from Amplus
Equity investments to procure 6MW of captive Solar Power in FY 2024-25
Planning to implement electric buses for employee commuting to enhance our sustainability efforts
•
•
•
•
*
Social
•
•
•
•
•
Comprehensive health check-ups for 500 underprivileged villagers
Supported 200 women with vocational training programs
Distributed 150 chairs, 65 desks, 100 school bags and other educational resources
Conducted 24,258 training hours in FY 2024-25
Planted 180 trees during Q1FY26
•
•
•
Governance
Established robust risk management framework for mitigating risks
Board committees ensure effective management and governance
Achieved ISO 50001 certification for energy management
38.5% Renewable Energy Consumption (~60% of overall energy needs will be from renewable sources in FY26)
8.9 hrs Average training hrs per employee
7.1% Female Managers
14.1% Women Workforce
Professional Management
25,000 People benefited with hygienic living conditions through garbage cleaning initiative
* As per FY25 (consolidated)
SJS Enterprises ESG Profile Link (Click Here)
Q1FY26 Earnings Presentation
July 2025
10
SJS| Q1FY26 Financial Performance
All figures in Rs. Mn
Revenue from Operations
EBITDA and EBITDA Margin (%)
PAT and PAT Margin (%)
YoY
11.2%
2,097
1,886
2,005
QoQ
4.6%
YoY
16.3%
587
505
26.6%
528
QoQ
11.2%
26.1%
27.6%
YoY
22.6%
337
346
QoQ
2.6%
16.8%
16.5%
282
15.0%
Q1 FY25
Q4 FY25
Q1 FY26
Q1 FY25
Q4 FY25
Q1 FY26
Q1 FY25
Q4 FY25
Q1 FY26
EBITDA
Margin
PAT
Margin
Q1FY26 Earnings Presentation
July 2025
11
SJS|Q1FY26 Capital Structure and Returns
(Rs. Mn.)
FY24
FY25
Q1FY26
Long Term Debt
Short Term Debt
Total Debt
Less: Cash & Cash Equivalents
Net Debt / (Cash)
400
283
683
551
133
Total Equity
5,616
0
158
158
1,150
(992)
6,892
0
161
161
1,472
(1,311)
7,261
•
•
•
•
SJS long term funds rating is AA- (Stable) by ICRA
Strong cash flow generation to support expansion initiatives
Consistently delivering robust ROCE and ROE performance. Our ROE and ROCE improved to 19.1% and 29.5%
SJS continues to deliver strong financial performance, creating long term shareholder value
Return on Capital Employed (%)
Return on Equity (%)
30%
25%
20%
17%
19%
1,087
15%
CFO (Rs. Mn)
1,630
FCFF (Rs. Mn)
1,233
751
591
326
FY24
FY25
Q1FY26
FY24
FY25
Q1FY26
FY24
FY25
Q1FY26
FY24
FY25
Q1FY26
Note: FY24 related figures are consolidated incl 9 months of WPI acquisition
Q1FY26 Earnings Presentation
July 2025
12
SJS| Consolidated P&L Performance
(INR in Mn)
Q1FY26
Q1FY25
YoY%
Q4FY25
QoQ%
Operating Revenue
2,096.6
1,886.2
11.2%
2,005.1
4.6%
EBITDA EBITDA Margin %
PAT PAT Margin %
EPS
587.2 27.6%
346.2 16.5%
505.0 26.6%
282.4 15.0%
11.03
8.97
16.3%
22.6%
11.2%
2.6%
528.0 26.1%
337.3 16.8%
10.67
• Q1FY26 domestic sales grew by 12.1% YoY to Rs 1,955.7 Mn; on back of 33.6% YoY growth in 2W business and 17.1% YoY growth in PV business
• Q1FY26 Exports was at Rs 140.9 Mn, forming 6.7% of consolidated Q1 revenue
• Q1FY26 EBITDA grew 16.3% YoY to Rs 587.2 Mn, healthy margins at 27.6%, margin expansion by 106 bps
• The amortization of intangible assets due to WPI acquisition, significantly impacts and reduces the PAT by ~Rs. 20 Mn each quarter
Q1FY26 Earnings Presentation
July 2025
13
SJS| Diversified Revenue Portfolio
Revenue by Business
Revenue by End Segment
Revenue by Geography
25.3%
16.6%
58.1%
5.8%
17.9%
39.1%
6.7%
37.2%
93.3%
SJS WPI
SJS Decoplast*
2W PV
Consumer
Others
Domestic
Exports
SJS is Ready for the Future New technology products contributed ~25% of consolidated revenue during Q1FY26
* SJS Decoplast Private Limited erstwhile Exotech Plastics Private Limited
Q1FY26 Earnings Presentation
July 2025
14
Future Growth Outlook
SJS| Development & Delivery of New Product Pipeline Remains at the Core of SJS (1/2)
Driven by premiumization, new age aesthetic products to drive realization increase across categories
Post WPI acquisition
Rs 1,200 - 1,500 Per vehicle
Rs 3,500 – 5,000 Per vehicle
4 - 6x growth Per vehicle
Legacy Kit Value
Current Kit Value
Future Kit Value
SJS’ New Age Products (PV: Select Examples)
Wheel Cap/ Aluminium Badges
IML Interiors
Optical Plastic/ Touch Screen Cover Glass
✓ SJS Decoplast & WPI acquisitions have added chrome parts & IMD/IML/IMF
parts - key ingredients in the design of modern PV’s
Q1FY26 Earnings Presentation
July 2025
16
SJS| Development & Delivery of New Product Pipeline Remains at the Core of SJS (2/2)
Driven by premiumization, new age aesthetic products to drive to realization increase across categories
Rs 300 - 500 Per vehicle
1.5 - 2x growth Per vehicle
Legacy Kit Value
Future Kit Value
SJS’ New Age Products (2W: Select Examples): Optical plastics/touch screens, aluminium logos, illuminated logos (WPI)
Rs 50 - 150 Per product
3 - 4x growth Per product
Legacy Kit Value
Future Kit Value
SJS’ New Age Products (CD: Select Examples): Optical glass / touch screens, IMD/IML overlays, printed electronics (WPI)
Q1FY26 Earnings Presentation
July 2025
17
SJS| Strong organic growth with best-in-class margins
Organic Strategy
01
02
03
04
Products: Focus on development of new technologies & advanced products •
Intend to develop and introduce Optical cover glass, Illuminated logos, In Moulded Electronic (IME) parts and other new gen technologies
• Continue to build capabilities to innovate & develop new products & increase application of products
across industries
Key Customers: Growing mega accounts
• Building mega accounts with existing customers by expanding the array of products
•
Increase customer base by marketing existing products to new customers and explore cross selling opportunities
Exports: Increasing global presence • Penetrate deeper in existing geographies and enter new geographies
• Strong focus on expanding presence in ASEAN
• Strengthening our sales force in Turkey, Brazil, Argentina, Columbia and recently added South Korea -
exploring similar opportunities in other countries
Capacity Expansion
• SJS Decoplast setting up new plant for chrome plating & painting; likely to commission in Q3FY26
• New greenfield plant for Optical Cover Glass and display business being set up at Hosur
• Progressing well on capacity expansion at SJS (Bangalore), to cater to significant new business
opportunities
Q1FY26 Earnings Presentation
July 2025
18
SJS| Inorganic Growth Expected to Boost Organic Growth Trajectory Merger & Acquisitions is a Key Pillar for growth
Identify New Targets
Integration
Improve Performance
Sustaining Performance
Plan for next phase of growth
SJS will continue to explore new opportunities for value accretive acquisitions
• WPI – Acquired in July’23, a great strategic fit for SJS, is in the integration phase
• WPI revenue grew 1.5x since
acquisition in FY25
• SJS Decoplast – 3x revenue growth since
acquisition in FY22
• Greenfield expansion in progress for chrome plating in Pune, investing ~Rs 100 Crs in capex
Build capability in adjacent / new aesthetic product categories Identified key product categories to enter / expand presence which include: • • •
IMD / IML IME (In-Mould Electronics) Plastic injection moulding
Expand presence in consumer related industries Enter new segments and expand presence in other consumer related industries targeting • Appliance manufacturers • Consumer electricals
Enter new geographies / OEMs
• Tap large markets in North America / SE Asia • Expand presence in chrome plating • Gain entry into new OEM locations to
leverage cross selling opportunities
Q1FY26 Earnings Presentation
July 2025
19
SJS| FY26 Outlook
▪ SJS to continue its strong financial performance trajectory
▪ SJS expects to outperform the underlying industry growth by ~2x on account of :
▪ Premiumisation + Building Mega OEM Accounts + Exports = Higher than industry sales growth for SJS
▪ Breakthrough of business with new large OEMs will lead to significant business growth
▪ Current order book to be executed in FY26 is close to 90% of FY26 forecasted revenue
▪ Maintain robust margin profile of business for FY26 as we balance higher growth with margins
Q1FY26 Performance (INR Mn)1
YoY Growth %
Revenue
EBITDA
2,096.6
587.2
EBITDA Margin
27.6%
PAT
PAT Margin
346.2
16.5%
11.2%
16.3%
22.6%
• Continue to maintain EBITDA margins
• Cash and Cash Equivalents were at Rs
1,472.3 Mn with Net Cash at Rs 1,311.4 Mn as on 30th June’25
• High cash flow generating company. Cash flow from operations ~101% of EBITDA
Q1FY26 Earnings Presentation
July 2025
20
Q1 FY26 Earnings Call Invite
SJS Enterprises Limited
SJS Enterprises Limited (BSE: 543387) announced its results for the quarter and year ended June 30th, 2025, on July 29th, 2025. Following the announcement, the management team will host a conference call for investors and analysts on July 30th, 2025, at 11:00 AM IST. The call will commence with a brief discussion on the previous quarter’s performance followed by an interactive question and answer session. Call details are below:
Day & Date
Time
Duration
Wednesday, 30th July, 2025
11:00 AM IST | 1:30 AM USA EDT* | 06:30 AM UK TIME* | 01:30 PM HK/SINGAPORE
60 minutes
Universal Dial in
+91 22 6280 1144 | +91 22 7115 8045
International Toll Free
HK: 800 964 448 | SG: 800 101 2045 | UK: 0 808 101 1573 | USA: 1 866 746 2133
Diamond Pass Link
Link
Note: Please dial in at least 10 minutes prior to the schedule to ensure that you are connected in time. Audio and transcript will be available with in ten working days after the call on Investors page of company website (www.sjsindia.com).
For further information, please contact:; Devanshi Dhruva | devanshi@sjsindia.com
IR Advisors: Simran Malhotra/ Sanket Vangule | sjs@churchgatepartners.com
Q1FY26 Earnings Presentation
July 2025
21
Appendix
SJS| Longstanding history of design backed manufacturing excellence Evolution into a leading design and aesthetics focused business
2023
Walter Pack India July’23 - Acquired 90.1% stake in WPI. Focused on IMF, IML, IMD and IME technologies for automotive and appliance sectors
Aug’23 – Stake sale of ~30% by PE promoter Everstone Capital
2021
Exotech Plastics Apr’21 - Acquisition completed to further complement product suite with addition of chrome products
In Nov-21, SJS went public & became the only listed company in India in this space
2019-20
Introduced premium / technologically advanced products (formed dials, Optical plastics, lens mask assemblies) and expanded PV customer base with new product range
2018
New manufacturing facility commissioned with 225,000 sq.ft. area and significant capacity boost
2015-17
Entry into new product lines - IMD parts, aluminum & electro formed badges
2015
Everstone Capital acquired a majority stake; exit by Serigraph
2010-14
New product addition in premium segment – 3D Lux etc.
2006
Joint Venture with Serigraph, a US based commercial printing player
1987 SJS founded by three entrepreneurs
Q1FY26 Earnings Presentation
July 2025
23
SJS| Diverse Product Portfolio…(1/3)
Decals & Body Graphics
2D Appliques & Dials
3D Appliques & Dials
Overlays
Q1FY26 Earnings Presentation
July 2025
24
SJS| Diverse Product Portfolio…(2/3)
Aluminium Badges
Domes
3D Lux Badges
Aftermarket – “Transform”
Q1FY26 Earnings Presentation
July 2025
25
SJS| Diverse Product Portfolio…(3/3)
Lens Mask Assembly
Optical Plastics
Chrome plated parts (SJS Decoplast)
IMLs / IMDs (SJS & Walter Pack India)
Q1FY26 Earnings Presentation
July 2025
26
SJS| Superior financial metrics and resilient business model
All figures in Rs. Mn
Revenue from Operation
EBITDA and EBITDA Margin (%)
PAT and PAT Margin (%)
7,605
6,278
2,032
1,188
1,599
854
1,168
985
797
31.2%
26.3%
26.4%
25.2%
26.4%
673
550
478
19.0%
14.9%
15.5%
13.6%
15.6%
4,330
3,699
2,516
FY21
FY22
FY23
FY24
FY25
FY21
FY22
FY23
FY24
FY25
FY21
FY22
FY23
FY24
FY25
EBITDA Margin
PAT Margin
Note: FY22 and FY23 figures consolidated for SJS and SJS Decoplast (Reported financials); FY24 figures are consolidated incl 9 months of WPI acquisition
Q1FY26 Earnings Presentation
July 2025
27
SJS| Experienced & Qualified Board Team
K A Joseph Managing Director – Promoter & Co-founder • Over 34 years of experience in aesthetics printing business •
Leads the manufacturing operations for SJS and has spear-headed technological and product innovation over the years
• Also, a Director on the board of SJS Decoplast
Sanjay Thapar Executive Director and Group CEO • Over 40 years of experience in the auto industry • Previously Group Chief Strategy Officer with Ashok Minda Group;
MD of Minda Valeo Security Systems
Kevin K. Joseph Executive Director • Holds a bachelor’s degree in mechanical engineering • Previously worked with Tata Elxsi Limited as a senior design
engineer
Roy Mathew Executive Director at WPI • Founded WPI in 2006 along with Walter Pack Spain; Extensive like IMF, IMD, in various plastic technologies
experience Injection moulding, lighting etc.
• Prior to WPI, Roy worked with firms including Lumax Industries
Ltd. & Tek electromechanicals Pvt. Ltd.
Ramesh Chandra Jain Non-Exec Chairman & Independent Director • Worked for 25 years in Eicher & retired as group vice chairman • Received the Society of British Aerospace Companies Prize in Aircraft Production ,1972-73 from the Cranfield University
Matthias Frenzel Non-Executive & Independent Director • Previously worked with Visteon Electronics Germany GmbH, S-Y Systems Technologies Europe GmbH and Johnson Controls GmbH
Veni Thapar Non-Executive Independent Director • Presently a partner of V K Thapar & Company, Chartered
Accountants
• Was on the board of Bank of India as a part-time, non-official
director under the Chartered Accountant category
Anil Sondur Non - Executive Independent Director at WPI • Previously worked with Tata Elxi India as Executive VP-
Automotive Embedded system & Industrial design & Marketing consultant in Poonawalla financials
Q1FY26 Earnings Presentation
July 2025
28
SJS| Experienced Management Team
MAHENDRA NAREDI Group Chief Finance Officer
R. RAJU Chief Marketing Officer
MAHENDER SINGH Group Chief Operations Officer
SADASHIVA BALIGAR Chief Operations Officer
• 25+ years of experience in financial management, key accounting & financial analysis, FP&A, fundraising, M&As, legal & compliances and strategy
• Previously worked in Minda Corporation,
GE and Wipro
• Bachelor’s degree in Law & Commerce from Rajasthan University. Chartered Accountant and Company Secretary from ICAI and ICSI
• 28+ years of experience in the field of
• 24+ years of experience in operations
marketing
roles across the automotive industry
• 35+ years of experience in operations roles across the automotive industry
• Previously worked with ITW India,
• Previously worked with Varroc, Hella,
ITW Signode India, etc.
and Continental
from
• Holds a diploma
in mechanical engineering the Thiagarajar Polytechnic, Salem, and a post graduate in marketing management and a masters degree in business administration
diploma
• Holds an Executive MBA in Global Business Management IIM Calcutta and an MBA in Operations & Project Management. Additionally, has a BE in Mechanical Engineering from the Institute of Mechanical Engineers
from
• Previously worked with Motherson Automotive Technologies, Toyota Kirloskar Auto Parts & Automotive manufacturers SDN BHD (Malaysia)
• Holds a bachelor’s degree from
mechanical engineering University of Mysore
in the
Q1FY26 Earnings Presentation
July 2025
29
THANK YOU
Head Investor Relations: Devanshi Dhruva | Head – Investor Relations SJS Enterprises devanshi@sjsindia.com
IR Contact: Simran Malhotra / Sanket Vangule Investor Relations Advisor Churchgate Partners sjs@churchgatepartners.com; 91 22616 95988