Sundaram Clayton Ltd
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]
- Market Cap ₹ 3,167 Cr.
- Current Price ₹ 1,565
- High / Low ₹ 1,784 / 1,204
- Stock P/E
- Book Value ₹
- Dividend Yield 0.33 %
- ROCE -0.52 %
- ROE -14.5 %
- Face Value ₹ 5.00
Pros
- Debtor days have improved from 58.1 to 44.9 days.
- Company's working capital requirements have reduced from 55.1 days to 38.2 days
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -7.00%
- Company might be capitalizing the interest cost
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 1,128 | 1,692 | 2,053 | |
| 988 | 1,499 | 1,928 | |
| Operating Profit | 140 | 193 | 124 |
| OPM % | 12% | 11% | 6% |
| -2 | -14 | -7 | |
| Interest | 47 | 46 | 60 |
| Depreciation | 80 | 131 | 144 |
| Profit before tax | 11 | 3 | -86 |
| Tax % | 529% | 724% | -25% |
| -48 | -17 | -108 | |
| EPS in Rs | |||
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
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| TTM: | 21% |
| Compounded Profit Growth | |
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| TTM: | 22% |
| Stock Price CAGR | |
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| Last Year: | -14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Equity Capital | 10 | 10 | 10 |
| Reserves | 420 | 547 | 764 |
| 941 | 990 | 1,107 | |
| 732 | 778 | 531 | |
| Total Liabilities | 2,103 | 2,325 | 2,412 |
| 736 | 1,390 | 1,471 | |
| CWIP | 737 | 64 | 78 |
| Investments | 10 | 10 | 10 |
| 620 | 860 | 853 | |
| Total Assets | 2,103 | 2,325 | 2,412 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 111 | 105 | 126 | |
| -46 | -99 | -186 | |
| -107 | 97 | 40 | |
| Net Cash Flow | -42 | 103 | -20 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Debtor Days | 72 | 58 | 45 |
| Inventory Days | 202 | 165 | 133 |
| Days Payable | 179 | 154 | 129 |
| Cash Conversion Cycle | 94 | 69 | 49 |
| Working Capital Days | 70 | 57 | 38 |
| ROCE % | 4% | -1% |
Documents
Announcements
- Compliance Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015 2d
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 2d
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 2d
- Board Meeting Intimation for Considering And Approving, Inter Alia, Annual Audited Financial Results For The Year Ended 31St March 2024 2d
- Compliance Certificate Under Regulation 7(3) For The Period Ended 31St March 2024 4 Apr
Annual reports
No data available.
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).