"SJS Enterprises to Invest ₹30 Crore in Cover Glass Capacity Expansion"

SJS Enterprises Ltd, a Bengaluru-based company specializing in decorative aesthetic products for the automobile and consumer appliances sector, has announced plans to invest ₹30 crore in establishing a capacity for producing optical cover glasses. These glasses serve as protective layers for TFT (Thin Film Transistor) screens in SUVs, enhancing both functionality and aesthetics.

The company recently obtained a quality system certificate for this new technology of optical cover glass, marking a significant milestone in its development process. Currently in the proof of concept and validation phase with its customers, SJS Enterprises has received positive feedback, paving the way for future orders and production.

According to a report by Nuvama Institutional Equities, the investment is projected to yield potential revenue of ₹100 crore, with orders expected in FY25 and production slated to commence in FY26. With an estimated cover-glass content of ₹4,000 per unit for mid-size SUVs, the move represents a strategic expansion of SJS Enterprises' product portfolio and market reach.

This initiative aligns with the company's broader strategy to diversify its offerings and increase kit value. By venturing into high-value products like optical cover glass, SJS Enterprises aims to significantly enhance its content per vehicle in the passenger vehicle segment, reducing its reliance on the two-wheeler industry.

Sanjay Thapar, CEO & Executive Director of SJS Enterprises, emphasized the transformative impact of optical cover glass on the company's business model. He highlighted the shift from being a supplier of 2D and 3D dials to becoming a provider of premium, high-value products in the passenger vehicle segment.

In addition to the investment in optical cover glass production, SJS Enterprises is poised for further expansion in FY25, with projected investments totaling ₹40-45 crore. This growth trajectory is supported by strong performance across various segments, including two-wheelers, passenger vehicles, consumer durables, and exports.

With a robust financial outlook and a strategic focus on innovation and expansion, SJS Enterprises is well-positioned to capitalize on emerging opportunities in the automotive and consumer appliances sectors, both domestically and internationally.

HBL