Sundaram Clayton Ltd

Sundaram Clayton Ltd

₹ 1,679 -1.23%
19 Jul 3:48 p.m.
About

The company is a leading manufacturer of aluminium die-casting components. It supplies to major automotive OEMs including TVSM, the Cummins group etc. SCL was set up by the TVS group and the UK-based Clayton Dewandre Holdings Ltd. [1]

Key Points

Overview & History[1]
SCL was incorporated in Chennai in 1962. SCL was set up by the TVS group and the UK- based Clayton Dewandre Holdings Ltd. Till FY07, SCL’s financials included the CV brakes business. From March 28, 2008, the Madras High Court approved de-merger of the brakes business into a separate company, Wabco India Ltd. The non-brakes business (aluminium die-casting) and investments in the TVS group entities remained with SCL. During FY12, SCL restructured its businesses, hiving off the non-automotive businesses into its erstwhile subsidiary, Sundaram Investments Ltd (SIL).

  • Market Cap 3,387 Cr.
  • Current Price 1,679
  • High / Low 1,876 / 1,204
  • Stock P/E
  • Book Value
  • Dividend Yield 0.31 %
  • ROCE -1.96 %
  • ROE -17.3 %
  • Face Value 5.00

Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -7.00%
  • Company has a low return on equity of -18.4% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.32.5 Cr.
  • Debtor days have increased from 59.3 to 75.5 days.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024
521 296 564 555
493 273 572 540
Operating Profit 28 23 -7 15
OPM % 5% 8% -1% 3%
-3 3 22 7
Interest 21 11 24 22
Depreciation 37 21 43 39
Profit before tax -33 -6 -53 -39
Tax % 8% 75% 19% 22%
-36 -10 -63 -47
EPS in Rs
Raw PDF
Upcoming result date: 9 August 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,128 1,692 2,053 1,415
988 1,499 1,928 1,384
Operating Profit 140 193 124 31
OPM % 12% 11% 6% 2%
-2 -14 -7 32
Interest 47 46 60 57
Depreciation 80 131 144 103
Profit before tax 11 3 -86 -97
Tax % 529% 724% 25% 23%
-48 -17 -108 -120
EPS in Rs
Dividend Payout % -0% -0% -0% -9%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 8%
TTM: -31%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -8%
TTM: -23%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: -18%
Last Year: -17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 10 10 10 10
Reserves 420 547 764 590
941 990 1,107 1,426
732 778 531 648
Total Liabilities 2,103 2,325 2,412 2,674
736 1,390 1,471 1,474
CWIP 737 64 78 330
Investments 10 10 10 26
620 860 853 844
Total Assets 2,103 2,325 2,412 2,674

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
111 105 126 46
-46 -99 -186 -278
-107 97 40 151
Net Cash Flow -42 103 -20 -81

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 72 58 45 76
Inventory Days 202 165 133 179
Days Payable 179 154 129 214
Cash Conversion Cycle 94 69 49 40
Working Capital Days 70 57 38 40
ROCE % 4% -1% -2%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024
74.45% 67.45%
1.01% 0.45%
12.30% 15.81%
12.23% 16.28%
No. of Shareholders 21,15422,037

* 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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Documents