SJS Enterprises IPO - Vehicular Premiumisation Play With Strong Financials: ICICI Direct

SJS Enterprises IPO - Vehicular Premiumisation Play With Strong Financials: ICICI Direct

Printed decal sheets manufactured by SJS Enterprises Ltd. (Source: Company website)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct's IPO Report

SJS Enterprises Ltd., incorporated in 1987, is a leading ‘design-to-delivery’ player in the Indian decorative aesthetics industry serving automotive (~75% of sales) and consumer appliances (~25% of sales) sectors.

Its product range includes decals and body graphics, 2D and 3D appliques/dials, 3D lux badges, overlays, aluminium badges, in-mould decorative parts/In-mould label, lens mask assembly and chrome plated injection moulding plastic parts, etc.

SJS Enterprises has two manufacturing facilities (Bengaluru and Pune).  Within automotive, two-wheeler, passenger vehicle contributed ~58%, ~16.7% of FY21 sales, respectively.

India constituted ~84% of sales as of FY21.

Click on the attachment to read the full IPO report:

ICICI Direct SJS Enterprise IPO Review.pdf
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