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Sal Automotive Limited (539353) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of Sal Automotive Limited ₹516, price ₹191, upside +170.2%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Consumer Discretionary · IN

SA Some data Sep 27, 2026

Sal Automotive Limited

539353 · BSE

Clearly undervaluedStrong Fair Value upside, but quality is only moderate.

✓Fair value ₹516.16 · Strongly undervalued (+170.2%)
!Quality 53/100
!Expensive Growth (revenue 5y +32.4 %/yr)
!Thin margins · 1.1% net margin (FY2026)
!Low debt · negative free cash flow
!Trails peers (3/11)
!Evidence only medium, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹410.34 ₹73.48 Fair Value ₹516.16 Apr 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range ₹73.48 – ₹410.34 · fair‑value band ₹337.63 – ₹694.68 · the ₹191.05 price screens below the ₹516.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

Swaraj Automotives Limited manufactures and sells automotive components in India. The company operates in two segments, Automobile Components and Agriculture Implements.

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Swaraj Automotives Limited manufactures and sells automotive components in India. The company operates in two segments, Automobile Components and Agriculture Implements. It offers seats for tractors and light commercial vehicles, as well as for railway coaches; seating mechanism systems, including recliners, adjustors/sliders, and other components for cars and passenger vehicles; and agricultural implements, such as rotavators and tractor trailers. The company was formerly known as Punjab Scooters Limited. Swaraj Automotives Limited was founded in 1974 and is based in Mohali, India. Swaraj Automotives Limited is a subsidiary of b4S Solutions Private Limited.

Stock analysis

Sal Automotive Limited (539353) currently trades at ₹191.05, while our model-based Fair Value estimate is ₹516.16, implying the stock looks roughly 63.0% undervalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of ₹930.68 per share, and 14 of the 15 models we run sit above the ₹191.05 price.

Bear case: the Asset-Based group reads lowest at ₹188.67, and 1 of the 15 models stay below the price. Evidence for this calculation is medium.

Scenario range: ₹337.63 (bear) to ₹694.68 (bull), the price of ₹191.05 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 53/100 (solid quality), in the Consumer Discretionary sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Sal Automotive Limited reported revenue of ₹3.8B in FY2026 versus ₹1.5B in FY2022, a compound +26.4%/yr. Reported net income was ₹42.6M in FY2026.

Key figures

Market cap ₹313M (≈ $3.2M) · P/E ratio 24.2 · P/S ratio 0.27 · EPS (TTM) ₹5.39 · Dividend yield 3.8% · Net margin 1.1% · Return on assets (EBIT) 4.3% · Free cash flow −₹91.1M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 24% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Discretionary peers we cover trades at −42% fair-value upside, at 170%, 539353 screens cheaper than that median.

Fair Value models

Bear ₹337.63 Fair Value ₹516.16 Bull ₹694.68
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹2.73 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Residual Income ₹238.77 ₹260.34 ₹311.32 76
EPV ₹267.00 ₹315.35 ₹357.06 74
Owner Earnings ₹443.31 ₹930.68 ₹1,840 72
All 15 models by family
DCF Models
Owner Earnings ₹443.31 ₹930.68 ₹1,840 72
Earnings-Based
Graham-Dodd ₹176.87 ₹1,054 ₹1,469 63
Lynch FV ₹300.06 ₹428.65 ₹557.25 61
PEG = 1.0 ₹300.06 ₹428.65 ₹557.25 57
EPV ₹267.00 ₹315.35 ₹357.06 74
Multiples
P/E Multiple ₹429.17 ₹572.23 ₹715.29 63
P/S Multiple ₹331.63 ₹442.18 ₹552.72 58
P/B Multiple ₹331.63 ₹442.18 ₹552.72 55
EV/EBIT ₹508.12 ₹690.56 ₹873.00 66
EV/EBITDA ₹562.52 ₹763.10 ₹963.67 67
EV/Revenue ₹329.74 ₹487.85 ₹645.96 53
Asset-Based
NCAV (Graham) ₹140.80 ₹188.67 ₹281.60 54
Economic Profit
Residual Income ₹238.77 ₹260.34 ₹311.32 76
ROIC Compounder ₹267.00 ₹363.44 ₹472.51 72
Growth Earnings
Growth-Adj P/E ₹447.08 ₹638.68 ₹830.29 67

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Quality Score breakdown

Overall quality 53/100

Of which business quality 48 · Market factors (momentum, volatility) 27

Profitability 58
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 30
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+1.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+32.4%
Start year 2021 (pandemic). Over 10 years: +14.9% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.9%
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+19.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.3%
Dividend (yield on the price)3.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.15.3% vs −0.8%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.0% → 2%
Start year 2021 (pandemic)

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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Auto Components” was too small, so the broader sector is used.)Consumer Discretionary · 3541 stocks

Beats the sector median on 3/10 measures
Overall it trails its sector peers.
Valuation
Quality Score 53 · Below median
Fair Value upside +170.2% · Top 25%
Profitability
Return on assets 0.0% · Bottom 25%
Net margin (TTM) 1.1% · Below median
Operating margin (TTM) 0.0% · Below median
Growth and dividend
Revenue growth 0.0% · Below median
Dividend yield (TTM) 3.8% · Above median
Balance sheet
Debt / equity 0.14× · Above median

Valuation Multiplesvs Consumer Discretionary median · lower = cheaper

P/E (TTM) 24.2× · Pricier than median
EV/EBITDA 0.6× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 37
FUTURE (revenue growth)0 · sector 21
PAST (return on equity)0 · sector 24
HEALTH (low debt)93 · sector 95
DIVIDEND (yield)77 · sector 48

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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SWISSMLTRY SWISSMLTRY ₹14.28 ₹5.44 −62%
VTMLTD VTMLTD ₹38.25 ₹22.16 −42%
NICCOPAR NICCOPAR ₹80.96 ₹16.61 −79%
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Cite: Fair Value Calculator (2026). "Sal Automotive Limited Fair Value". https://www.fairvalue-calculator.com/stock/539353

Frequently asked questions

Is Sal Automotive Limited (539353) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹516.16 versus a price of ₹191.05, about +170% upside (undervalued).
What is the fair value of 539353?
Our model-based fair value for Sal Automotive Limited is ₹516.16 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹191.05.
What is the quality score of 539353?
Sal Automotive Limited has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Sal Automotive Limited (539353)?
Our model-based price target is the fair value of ₹516.16 (as of Sep 27, 2026) from 15 valuation models. Cautious scenario ₹337.63, optimistic scenario ₹694.68. It is a calculation from audited fundamentals, not an analyst target.
What is the Sal Automotive Limited stock forecast for 2026?
Our models put fair value at ₹516.16, about +170% upside versus a price of ₹191.05 (undervalued). Cautious scenario ₹337.63, optimistic scenario ₹694.68. The calculation is refreshed regularly with new filings.
Does Sal Automotive Limited pay a dividend?
Sal Automotive Limited currently shows a dividend yield of about 3.84% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Sal Automotive Limited (539353)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sal Automotive Limited it is ₹516.16 per share (as of Sep 27, 2026), against a price of ₹191.05. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Sal Automotive Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 539353 trades below its calculated fair value: price ₹191.05, fair value ₹516.16, a gap of about +170% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 539353?
No. The price is what the market pays today (₹191.05); the fair value is what the company's own numbers justify (₹516.16). For Sal Automotive Limited the two are ₹325.11 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sal Automotive Limited worth?
The market values Sal Automotive Limited at about ₹313M (market capitalisation, as of Sep 27, 2026). Per share that is ₹191.05; our models calculate a fair value of ₹516.16 per share.
What do the bullish and bearish scenarios say about 539353?
Our models span a range for Sal Automotive Limited: cautious scenario ₹337.63, base ₹516.16, optimistic ₹694.68 per share (as of Sep 27, 2026, price ₹191.05). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 539353?
Sal Automotive Limited trades at a price-to-earnings ratio of 24.2 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹516.16 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2026), reported earnings: 18.6. Other multiples: EV/EBITDA 0.6.
How solid is the balance sheet of Sal Automotive Limited (539353)?
Balance-sheet figures for Sal Automotive Limited (as of Sep 27, 2026): debt of 0.14 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 539353 from its 52-week high?
Sal Automotive Limited trades at ₹191.05, about 24% below its 52-week high of ₹251.00 and 16% above the low of ₹165.30 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹516.16 is for.
Which stocks are comparable to Sal Automotive Limited?
From the same area (Consumer Discretionary) we also value SAMRATFORG, ALWN, BYLOT, RAJPALAYAM, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sal Automotive Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹191.05, calculated fair value ₹516.16 (+170%), Quality Score 53/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 539353 calculated?
We run Sal Automotive Limited through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹516.16, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Sal Automotive Limited currently trades 63 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sal Automotive Limited (539353)?
The closing price on Oct 1, 2026 was ₹191.05. Our model-based fair value is ₹516.16, about +170% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sal Automotive Limited right now?
The price is below even our cautious bear case (₹337.63). The market is more pessimistic than our downside scenario. Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (₹337.63 to ₹694.68) leaves room in how you read the outcome.

Key figures of Sal Automotive Limited

How large is the market capitalisation of Sal Automotive Limited (539353)?
The market capitalisation of Sal Automotive Limited is ₹313M (≈ $3.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sal Automotive Limited (539353)?
The price-to-sales ratio of Sal Automotive Limited is 0.27 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sal Automotive Limited (539353)?
Earnings per share at Sal Automotive Limited are ₹5.39 (price ÷ EPS = P/E 24.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sal Automotive Limited (539353)?
The dividend yield of Sal Automotive Limited is 3.8% (payout 136%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Sal Automotive Limited (539353)?
The net margin of Sal Automotive Limited is 1.1% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Sal Automotive Limited (539353)?
On an EBIT basis the return on assets of Sal Automotive Limited is 4.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How much free cash flow does Sal Automotive Limited (539353) generate?
The free cash flow of Sal Automotive Limited is −₹91.1M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Sal Automotive Limited (539353) carry?
The net debt of Sal Automotive Limited is ₹331M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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