Sundaram Finance Ltd
Sundaram Finance is a registered deposit taking NBFC established in 1954. The Co. is engaged in retail finance across multiple domains like Vehicle finance, Home Finance, Mutual Funds, General insurance and Financial service distribution [1]
- Market Cap ₹ 50,536 Cr.
- Current Price ₹ 4,549
- High / Low ₹ 4,998 / 2,490
- Stock P/E 37.4
- Book Value ₹ 853
- Dividend Yield 0.66 %
- ROCE 9.41 %
- ROE 15.7 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 25.0%
Cons
- Stock is trading at 5.34 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.5% over past five years.
* 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: Finance Industry: Finance & Investments
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 2,117 | 2,292 | 2,353 | 2,461 | 2,411 | 2,841 | 3,324 | 3,911 | 3,994 | 3,870 | 4,068 | 5,480 |
Interest | 1,082 | 1,164 | 1,168 | 1,218 | 1,165 | 1,346 | 1,766 | 2,072 | 2,031 | 1,700 | 1,777 | 2,576 |
376 | 388 | 423 | 490 | 460 | 596 | 626 | 837 | 857 | 941 | 820 | 1,090 | |
Financing Profit | 660 | 740 | 763 | 753 | 787 | 899 | 931 | 1,002 | 1,107 | 1,229 | 1,472 | 1,814 |
Financing Margin % | 31% | 32% | 32% | 31% | 33% | 32% | 28% | 26% | 28% | 32% | 36% | 33% |
14 | -1 | -20 | 14 | 15 | 14 | 611 | 16 | 20 | 20 | 42 | 148 | |
Depreciation | 82 | 92 | 91 | 84 | 82 | 64 | 54 | 73 | 70 | 73 | 94 | 132 |
Profit before tax | 593 | 647 | 651 | 683 | 720 | 850 | 1,488 | 945 | 1,056 | 1,177 | 1,420 | 1,831 |
Tax % | 31% | 32% | 30% | 30% | 31% | 34% | 24% | 23% | 23% | 23% | 23% | 21% |
410 | 443 | 454 | 477 | 495 | 563 | 1,126 | 724 | 809 | 903 | 1,088 | 1,454 | |
EPS in Rs | 36.91 | 39.83 | 40.88 | 42.96 | 44.59 | 50.71 | 101.38 | 65.16 | 72.82 | 81.32 | 97.96 | 130.87 |
Dividend Payout % | 24% | 25% | 26% | 26% | 26% | 24% | 17% | 20% | 25% | 25% | 28% | 23% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 11% |
3 Years: | 11% |
TTM: | 35% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 14% |
3 Years: | 19% |
TTM: | 24% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 24% |
3 Years: | 20% |
1 Year: | 76% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 14% |
3 Years: | 15% |
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 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 |
Reserves | 1,976 | 2,294 | 2,867 | 3,202 | 3,635 | 4,023 | 4,933 | 5,436 | 6,068 | 6,782 | 7,626 | 9,361 |
11,467 | 11,776 | 12,535 | 12,587 | 13,870 | 21,109 | 25,006 | 27,337 | 28,213 | 27,830 | 32,755 | 40,877 | |
1,084 | 1,233 | 1,248 | 1,493 | 1,552 | 568 | 600 | 535 | 527 | 565 | 566 | 639 | |
Total Liabilities | 14,638 | 15,414 | 16,761 | 17,393 | 19,167 | 25,811 | 30,649 | 33,420 | 34,920 | 35,288 | 41,059 | 50,988 |
332 | 343 | 309 | 276 | 276 | 294 | 305 | 360 | 331 | 360 | 513 | 658 | |
CWIP | 0 | 3 | 2 | 3 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
Investments | 1,044 | 1,447 | 1,521 | 1,836 | 1,883 | 2,207 | 1,866 | 3,938 | 4,052 | 5,319 | 5,063 | 6,383 |
13,261 | 13,620 | 14,929 | 15,278 | 17,008 | 23,310 | 28,478 | 29,122 | 30,536 | 29,608 | 35,483 | 43,947 | |
Total Assets | 14,638 | 15,414 | 16,761 | 17,393 | 19,167 | 25,811 | 30,649 | 33,420 | 34,920 | 35,288 | 41,059 | 50,988 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-705 | 41 | -1,082 | 313 | -1,025 | -6,057 | -4,278 | 304 | -251 | 1,739 | -4,981 | -7,223 | |
-291 | -283 | 482 | -175 | -190 | -367 | 1,028 | -1,734 | 82 | -1,077 | 467 | 246 | |
1,019 | 254 | 571 | -141 | 1,215 | 6,460 | 3,254 | 1,319 | 253 | -687 | 4,573 | 7,363 | |
Net Cash Flow | 23 | 13 | -28 | -4 | 1 | 36 | 3 | -111 | 83 | -24 | 59 | 387 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | 21% | 20% | 18% | 15% | 14% | 14% | 15% | 14% | 14% | 14% | 15% | 16% |
Documents
Announcements
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Grant of Stock Options
25 May - Sundaram Finance Ltd has informed BSE regarding "Grant of Stock Options".
- Board recommends Final Dividend 25 May
-
Completion of Second Term of Office of Independent Directors
25 May - Sundaram Finance Ltd has informed BSE regarding "Completion of Second Term of Office of Independent Directors"
- Results Press Release for March 31, 2024 25 May
- Standalone & Consolidated Financial Results, Auditors Report for March 31, 2024 25 May
Annual reports
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Financial Year 2022
from bse
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Financial Year 2017
from bse
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from nse
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Financial Year 2010
from bse
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Financial Year 2009
from bse
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Financial Year 2008
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Financial Year 2007
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Financial Year 2006
from bse
Company History
The Co. started with the business of financing the purchase of commercial vehicles and gradually expanded to multiple financial services. In 1981 it started equipment leasing operations. Post-1989 it started extending financial services through subsidiaries like India Equipment Leasing Ltd., and Sundaram Home Finance Ltd. In 1996 it entered into a joint venture agreement with Newton Management Limited, U. K., and Stewart Newton Holdings (Mauritius) Limited for setting up an Asset Management Company. [1]