Sundram Fasteners Ltd

Sundram Fasten. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sundram Fasteners Ltd

₹ 1,191 2.96%
31 May - close price
sundram.com BSE: 500403 NSE: SUNDRMFAST
About

Sundaram fasteners ltd, a part of the TVS Group of Companies, is engaged in manufacturing critical, high precision components such as fasteners, power train components etc for the automotive, infrastructure, windmill, and aviation sectors. [1]

Key Points

Product Portfolio
High Tensile Fasteners: Wind Energy Fasteners, Automotive Fasteners, Engine Fasteners Aerospace and Aviation Fasteners, etc.
Cold extruded parts: Gear blanks, Transmission shafts, Cams, etc
Hot Forged Parts: Bevel Gear & Pinion Family, Hub and Gen 3 Bearing hub rings, etc.
Powertrain components: Turbine and output Shafts, Clutch hub, Sun Gear Shafts, etc.
Pump & Assemblies: Water pumps, Oil pumps, Mechanical Fuel feed pumps.
Radiator Caps: Metal Caps, Nylon Caps.
Powder metallurgy: rotors and gears, synchronizer hubs, bushes, and structural parts, etc. [1]

Website BSE NSE
  • Market Cap ₹ 25,034 Cr.
  • Current Price ₹ 1,191
  • High / Low ₹ 1,341 / 1,002
  • Stock P/E 52.2
  • Book Value ₹ 156
  • Dividend Yield 0.57 %
  • ROCE 18.7 %
  • ROE 15.5 %
  • Face Value ₹ 1.00
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Pros

  • Company has been maintaining a healthy dividend payout of 34.3%

Cons

  • Stock is trading at 7.63 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,079 939 1,063 1,024 1,146 1,240 1,218 1,227 1,236 1,216 1,234 1,179 1,278
869 755 863 848 979 1,031 1,033 1,048 1,041 1,020 1,034 1,002 1,074
Operating Profit 210 183 200 176 167 208 186 179 195 195 201 177 204
OPM % 19% 20% 19% 17% 15% 17% 15% 15% 16% 16% 16% 15% 16%
2 10 1 4 -19 7 8 9 6 2 5 24 17
Interest 3 4 2 3 4 5 4 6 9 6 4 3 5
Depreciation 36 38 38 38 39 39 39 40 39 41 43 42 42
Profit before tax 173 151 161 138 105 171 149 142 154 151 158 156 174
Tax % 25% 26% 25% 25% 32% 24% 25% 25% 24% 25% 25% 25% 24%
130 113 120 103 71 130 112 106 117 113 118 116 133
EPS in Rs 6.19 5.36 5.72 4.92 3.40 6.19 5.32 5.05 5.55 5.36 5.61 5.53 6.31
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,069 2,022 2,386 2,601 2,947 3,420 3,990 3,125 3,065 4,173 4,919 4,906
1,797 1,766 2,052 2,285 2,406 2,799 3,250 2,576 2,483 3,445 4,151 4,128
Operating Profit 272 256 334 316 541 621 740 548 582 728 769 778
OPM % 13% 13% 14% 12% 18% 18% 19% 18% 19% 17% 16% 16%
12 38 13 172 10 29 29 9 17 -5 29 47
Interest 81 59 81 60 36 33 39 44 14 13 25 18
Depreciation 72 76 88 206 90 98 110 137 147 153 157 168
Profit before tax 132 160 177 221 425 520 620 376 438 556 616 639
Tax % 28% 24% 24% 3% 26% 29% 30% 17% 25% 27% 25% 25%
95 121 135 214 315 367 436 314 328 407 464 480
EPS in Rs 4.52 5.75 6.44 10.18 15.01 17.49 20.76 14.95 15.62 19.39 22.10 22.83
Dividend Payout % 31% 30% 27% 21% 30% 26% 25% 28% 30% 34% 39% 30%
Compounded Sales Growth
10 Years: 9%
5 Years: 4%
3 Years: 17%
TTM: 0%
Compounded Profit Growth
10 Years: 14%
5 Years: 2%
3 Years: 14%
TTM: 3%
Stock Price CAGR
10 Years: 29%
5 Years: 17%
3 Years: 15%
1 Year: 7%
Return on Equity
10 Years: 19%
5 Years: 16%
3 Years: 17%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 21 21 21 21 21 21 21 21 21 21 21 21
Reserves 673 755 838 1,017 1,292 1,568 1,887 1,996 2,312 2,524 2,888 3,258
795 651 751 572 626 562 801 706 466 466 445 383
356 423 429 571 508 629 687 508 691 745 706 736
Total Liabilities 1,845 1,850 2,038 2,181 2,447 2,780 3,396 3,232 3,490 3,757 4,060 4,398
708 782 795 810 917 1,035 1,347 1,571 1,564 1,558 1,652 1,715
CWIP 21 21 15 54 50 32 83 87 105 100 46 154
Investments 132 123 117 309 321 359 350 310 337 323 347 376
984 924 1,111 1,008 1,159 1,355 1,616 1,263 1,484 1,776 2,014 2,153
Total Assets 1,845 1,850 2,038 2,181 2,447 2,780 3,396 3,232 3,490 3,757 4,060 4,398

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
219 386 99 457 244 413 408 660 414 366 394 529
-65 -134 -94 -152 -207 -194 -494 -304 -129 -141 -206 -347
-150 -253 -7 -309 -33 -217 82 -352 -284 -224 -171 -202
Net Cash Flow 4 -2 -2 -4 4 2 -3 4 1 1 17 -20

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 76 73 62 65 70 72 70 63 85 73 70 78
Inventory Days 121 118 136 124 125 119 124 139 164 140 127 135
Days Payable 65 87 83 101 95 95 84 83 133 95 69 74
Cash Conversion Cycle 132 103 115 88 100 97 109 119 116 118 128 139
Working Capital Days 103 71 76 54 64 65 83 84 91 86 91 101
ROCE % 14% 16% 18% 20% 26% 27% 27% 16% 16% 21% 20%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.53% 49.53% 49.53% 49.69% 49.69% 48.51% 48.51% 48.51% 48.51% 48.51% 48.51% 48.51%
11.14% 11.33% 11.73% 11.70% 11.74% 11.75% 11.67% 11.65% 11.95% 12.83% 12.51% 12.59%
17.37% 17.61% 17.48% 17.68% 17.71% 18.72% 18.76% 18.81% 18.64% 17.89% 18.47% 18.63%
21.95% 21.53% 21.25% 20.93% 20.86% 21.03% 21.04% 21.03% 20.91% 20.76% 20.51% 20.26%
No. of Shareholders 68,13770,59265,77965,84766,18066,80266,61169,59270,04272,80873,81571,610

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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