S J S Enterprises Limited

Bengaluru-based decorative aesthetics solutions provider S.J.S. Enterprises’ IPO opens for subscription on 1 November 2021. Here's what you need to know about the IPO.

Reasons for going public

• Offer liquidity to the selling shareholders 

Before investing in an IPO, one should understand the company fundamentals.

Top shareholders of the company are:

Name of Shareholder	Equity Shares (%)
Evergraph	77.8
K.A. Joseph	20.7

Company Financials

Here's a look at the company's financial performance:

Particulars	FY21	FY20	FY19
	(₹ crore)
Revenue from operations	251.6	216.1	237.2
Net profit	47.7	41.2	37.6

Company Overview

 S.J.S. Enterprises designs, develops and manufactures decorative aesthetic products. The design-to-delivery aesthetics solutions provider offers a diverse portfolio of products for a wide range of customers, especially in the automotive and consumer appliance industries. The company supplied  

Competitive strengths

• One of the leading decorative aesthetics suppliers with a wide range of products
• Supported by established supply chain and delivery mechanism
• Capable of product innovation, design, and development
• Strong track record of financial performance
• Well-established customer relationship

Opportunities

• Leverage market leadership to enhance focus on premium products
• Enhance product styling, customisation, design and development capabilities
• Build, innovate, and develop new products
• Intend to focus on expanding penetration in the two-wheeler automotive segment in Asia
• Take steps towards the integration of subsidiary’s business
• Business expansion through strategic inorganic growth opportunities
• Increase geographical footprint and exports

Threats

• Any loss of key customers and contracts to the competition
• Fluctuations in the performance of the automotive and consumer appliance industries

Risks

• Failure to source raw materials at competitive prices
• High dependency on automotive sector which makes up 70% of revenues
• Inability to accurately manage inventory
• Counterparties may delay or fail to make payments or perform contractual obligations