SAL Automotive Ltd. – Company Report
1. Company Overview
SAL Automotive Ltd. (formerly Swaraj Automotives Limited), established in 1974 and headquartered in Mohali, Punjab, began as Punjab Scooters Limited before transitioning from scooter manufacturing to automotive components. Today, the company is a trusted supplier of automotive seats, seat mechanisms, and agricultural implements, catering to top Indian OEMs across tractor, commercial vehicle, and passenger vehicle segments. It is a publicly listed company with a strong focus on engineering innovation, backed by both in-house development and technological tie-ups.
Key Highlights
- Incorporated: 1974
- Headquarters: Mohali, Punjab, India
- Employees: 100–500
- Manufacturing Facilities: Approx. 1.1 million sq.ft. with integrated production lines
- Certifications & Tie-ups: ISO 9001 certified, collaboration with Fuji Kiko (Japan)
- Major Clients: Mahindra & Mahindra, Bharat Seats, Krishna Maruti, Lear Automotive, Johnson Controls, SML Isuzu
- Listed On: NSE and BSE (Ticker: 539353)
- Market Cap (Aug 2025): ~₹265 crore (share price: ₹260.10)
- Strengths: Strong OEM relationships, robust agri-implements portfolio, flexible and scalable manufacturing
2. Products and Services
- Automotive Seats: For tractors, LCVs, commercial vehicles, buses, and select passenger vehicles
- Seat Mechanisms: Includes recliners, sliders, adjusters, and robust safety assemblies
- Agricultural Implements: Rotavators, tillers, tractor trailers, box scrapers for farm mechanization
- Metal & Fine-Blanked Components: Sub-assemblies for OEM and industrial use
- Custom OEM Solutions: Tailored designs based on client needs using in-house R&D
- Aftermarket Offerings: Replacement seats, parts, and implements for extended lifecycle
The company serves a diverse and growing demand base across mobility and agriculture.
3. Recent News and Business Developments (2025)
- Achieved strong double-digit sales growth in FY2025 led by increasing orders in tractor seats, LCV/commercial vehicle segments, and agri-implements (rotavators).
- Expanded export footprint and added new private-label clients in the agri segment.
- Enhanced in-house R&D capabilities to drive differentiated product features.
- Designed for traction inverters and DC-DC converters in EVs
- Enables compact and energy-efficient ultra-high current applications
- Supports next-gen SiC-based power devices to enhance EV drive system performance
- Strategic Partnership with AKM (May 2025): SAL (Silicon Austria Labs) and Asahi Kasei Microdevices Corporation (AKM) successfully conducted a joint technical validation for integrating AKM’s EZ232L linear Hall IC into power modules.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Revenue from Operations | ₹377.76 crore |
| Net Profit (PAT) | ₹5.39 crore |
| Net Profit Margin | 1.4% |
| Earnings Per Share | ₹11.23 |
| Dividend Payout % | 11% |
| Debt Profile | Low leverage, strong coverage |