SJS has rebounded strongly from its 61.8% retracement base near ₹800–₹850 and is now in a higher high–higher low structure. The stock has given a cup & handle breakout with strong volumes, RSI breakout above 60, and MACD in positive territory. Accumulate ₹1320–₹1400 for ₹1700–₹1800. Stop loss: ₹1190.
Traders can look to accumulate SJS in the ₹1320-1400 zone and expect upside targets of ₹1700-1800 in 8-12 weeks with stop-loss below ₹1190 (closing basis).
Website: https://www.sjsindia.com/
Founded in 1987, based in Bengaluru. Converted to a public limited company in 2021 following its IPO at ₹542/share. It’s a subsidiary of Evergraph Holdings Pte Ltd.
Specializes in high-end decorative aesthetics—design, manufacturing, and export of decals, badges, overlays, illuminated logos, aluminium badges, in-mould labels/decorations, and other optical plastics for automotive, appliances, electronics, and other industries.
Subsidiaries include Exotech Plastics (fully acquired 2021) and Walter Pack Automotive Products India (WPI) (90.1% stake in 2023), expanding capabilities beyond traditional labels into chrome-plated parts, wheel covers, and new accessory segments.
| Strengths | Highlights |
|---|---|
| Premium aesthetics niche | Deep product capabilities (decals, illuminated logos, chrome-plated parts) for automotive and appliances |
| Strong financials | High margins (~25–27%), robust free cash flow, zero debt, excellent liquidity |
| Rapid growth | Consistent double-digit topline and bottom-line growth, both domestically and in exports |
| Capex & expansion ready | Capacity ramp-up at Exotech, solar investments, and diversified product offerings via subsidiaries |
| Positive analyst forecasts | ~15% CAGR expected in earnings; attractive ROE and forecast trajectory |
SJS Enterprises is a high-quality, niche auto-ancillary stock riding on strong operational performance, lean balance sheet, and scalable expansions. With markets expecting ~15% annual growth and free cash generation fueling both expansion and dividend sustainability, it’s a compelling player—though valuation premium warrants vigilance.
Disclaimer - Investments in securities market are subject to market risk, read all the related document carefully before investing.
https://www.mnclgroup.com/
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Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
Ahmedabad
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Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
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Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014
(As per LODR Regulations and Companies Act, 2013)
Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances : Mr. Nitesh Tanwar
Monarch Networth Capital Limited
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
Ahmedabad
“Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad – 380009
Mumbai
Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
Phone: 022 - 66476400 / 66476405
Email: cs@mnclgroup.com
Email for Grievance: cs@mnclgroup.com
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