SJS ENTERPRISESS.J.S. Enterprises LimitedNSE:SJSTechnicalAnalystSucritSJS Enterprises Ltd. (CMP ₹1,808.80, NSE: SJS) Prepared by Sucrit Patil | The SmartWay Research Desk | 4 May 2026 A Bengaluru‑based auto ancillary aesthetics and decorative components manufacturer, incorporated in 1987. The company designs and supplies polymer, chrome, and glass solutions for automotive OEMs and consumer durables, with strong promoter backing from K.A. Joseph & Family. Promoter Holding (Dec 2025): Majority stake with founding promoters. FY22–FY26 Snapshot Revenue Growth: Q3 FY26 revenue ₹243.53 Cr vs ₹178.5 Cr in Q3 FY25 (+36.4% YoY). → Good Net Profit: Q3 FY26 PAT ₹45.04 Cr vs ₹32.1 Cr in Q3 FY25 (+40% YoY). → Good Operating Margin: EBITDA ₹75.64 Cr, margin 30.5% vs 27.2% last year (+330 bps). → Good Equity Capital: Stable, no dilution. → Good Dividend Policy: Final dividend recommendation expected with Q4 FY26 results (May 2026). → Neutral/Good Asset Building: Capacity expansion in Pune, Bangalore, Hosur with BOE partnership for cover glass/display plant. → Good Sales: Export revenue up 146% YoY, contributing ~14% of total. → Good Expense: Controlled, efficiency gains driving margin expansion. → Good EPS: Q3 FY26 EPS ₹4.50 vs ₹3.20 last year (+40%). → Good Institutional Interest & Ownership Trends (Dec 2025) Promoter Holding: Majority stake with Joseph family FII Holding: ~12% DII Holding: ~18% Retail & Others: ~30% Strategic Moves & Innovations Expansion in cover glass and decorative automotive components. Partnerships with global OEMs (Stellantis, Whirlpool). Focus on premiumization and export growth. Selective M&A opportunities to strengthen product portfolio. Cash Flow & Balance Sheet Strength Net cash position ~₹203 Cr, supporting self‑funded growth. Strong operating cash flows from core aesthetics business. Conservative balance sheet with low leverage. Risk Factors Dependence on automotive demand cycles. Exposure to commodity price volatility (plastics, chrome). Execution risks in scaling cover glass/display business. Competition from domestic/global decorative component suppliers. Investor Takeaway SJS Enterprises has delivered landmark Q3 FY26 performance, with record revenue, EBITDA, and PAT, outpacing the automotive industry by 3x. The upcoming Q4 FY26 results on May 5, 2026 will be crucial, as the board will finalize audited accounts, FY27 guidance, and dividend recommendations. With strong promoter backing, robust exports, and premiumization strategy, SJS Enterprises remains a high‑growth ancillary play, though investors should monitor execution risks in new capacity and cover glass expansion.