Suprajit Engineering Limited reported net sales of $357 million for FY26, marking a continued growth trajectory from $22 million in FY09. The company disclosed an EBITDA margin of 13% for the fiscal year, maintaining profitability while expanding its global operations. The financial performance reflects the firm's strategy of derisking through segment and geographic diversification.

The group’s financial data shows a steady rise in revenue over the past decades. Net sales reached $328 million in FY25 before climbing to $357 million in FY26. The EBITDA percentage has fluctuated between 11% and 17% over the last decade, settling at 13% for FY26. The total debt to equity ratio stood at 0.55 for FY26, up from a low of 0.31 in FY22, partially attributed to acquisitions.

Financial Performance

The company reported a sales CAGR of 13.5% over 10 years and 21.6% over 25 years. The EBITDA CAGR was 11.1% over 10 years and 19.7% over 25 years. FY25 and FY26 net sales and EBITDA figures were considered without SCS, while the increase in debt in FY23 was due to the acquisition of LDC.

Strategic Diversification

Suprajit Engineering has shifted its revenue mix significantly over the years. In FY12, the company relied heavily on the domestic market, which accounted for 90% of revenue, with global sales at 10%. By FY26, global revenue surged to 56%, while domestic revenue decreased to 44%.

Category-wise diversification also shows a move away from dependence on two-wheelers. In FY12, the 2-wheeler segment contributed 61% of revenue. By FY26, this share reduced to 26%, while the automotive segment grew to 44%. The aftermarket and non-automotive segments accounted for 15% each in FY26.

Global Footprint and Operations

The company operates a wholly owned global footprint with 18 manufacturing plants in India, including 12 for cables, 3 for lighting, and 1 for electronics. Global manufacturing facilities include one plant each in the US, Mexico, Hungary, and Morocco, along with two in China. Additionally, the company maintains warehousing and special manufacturing units in the UK, Slovenia, Hungary, Luxembourg, the US, and Canada.

Suprajit Engineering supplies over 40 PV OEMs and Tier 1 suppliers, more than 10 2W OEMs and Tier 1s, and over 20 Off-Highway (OFH) OEMs and Tier 1s. The company’s top 15 customers span all verticals, with no single customer group accounting for more than 10% of total revenue.

Kula Ajith Kumar Rai, a promoter of suprajit engineering , has confirmed that no shares held by the promoter group were encumbered during the financial year ended March 31, 2026. The declaration, submitted to the stock exchanges, provides assurance regarding the unencumbered status of the promoter's shareholding for the specified period.

The disclosure was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. In the filing, Rai stated on behalf of the other promoters and persons acting in concert that they have not created any encumbrance over the shares held directly or indirectly during FY26.

The confirmation was addressed to BSE Limited and the National Stock Exchange of India Ltd. A copy of the declaration was also forwarded to the Audit Committee of Suprajit Engineering Limited for record-keeping purposes.