SJS Enterprises Ltd: Business Analysis
"A high ROCE cash-generating business, with a moat"
A thread 🧵
1. Company's Background:
• Incorporated in 1987, Company is a leading decorative aesthetic parts supplier to Auto and Consumer durables Companies in India.
• It is basically a design to delivery player in the industry.
• The end markets served are 2W, PV, CD, CV, Medical devices, Farm equipment & sanitary ware.
• It supplied over 115 million parts with more than 6,000 SKUs in FY21 to around 170 customer locations in approximately 90 cities across 20 countries.
• Product offerings include decals and body graphics, 2D & 3D appliques/dials, 3D lux badges, domes, overlays, aluminum badges, IMD/IML, lens mask assembly & chrome-plated injection molding plastic parts apart from 2-W & PV aftermarket accessories under ‘Transform’ brand.
2. Products:
One of the few aesthetics product manufacturers in India which offers advanced technology products such as Capacitive Overlays, Optical plastics, 3D Dials, and IML/IMD’s.