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 ₹ 4,789 Cr.
- Current Price ₹ 2,172
- High / Low ₹ 2,611 / 1,204
- Stock P/E
- Book Value ₹
- Dividend Yield 0.24 %
- ROCE -1.97 %
- ROE -17.3 %
- Face Value ₹ 5.00
Pros
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -5.55%
- 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.37.1 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: Castings, Forgings & Fastners Industry: Castings & Forgings
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|
| 1,128 | 1,692 | 2,053 | 1,415 | 1,996 | |
| 988 | 1,499 | 1,928 | 1,384 | 1,955 | |
| Operating Profit | 140 | 193 | 124 | 31 | 41 |
| OPM % | 12% | 11% | 6% | 2% | 2% |
| -2 | -14 | -7 | 32 | 37 | |
| Interest | 47 | 46 | 60 | 57 | 84 |
| Depreciation | 80 | 131 | 144 | 103 | 141 |
| Profit before tax | 11 | 3 | -86 | -97 | -147 |
| Tax % | 529% | 724% | 25% | 23% | |
| -48 | -17 | -108 | -120 | -176 | |
| 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: | -24% |
| 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% |
Documents
Announcements
-
Board Meeting Intimation for Considering And Approving, Inter-Alia, Unaudited (Limited Reviewed) Financial Results For The Quarter Ended 30Th September 2024 (Standalone And Consolidated)
17 Oct - Board meeting to approve Q2 financial results.
-
Announcement under Regulation 30 (LODR)-Credit Rating
10 Oct - CRISIL revises rating outlook to Negative for Sundaram-Clayton.
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Announcement under Regulation 30 (LODR)-Allotment
8 Oct - Allotment of 18,14,058 equity shares in QIP.
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Qualified Institutions Placement Of Equity Shares Of Face Value Of Rs. 5 - Updates
8 Oct - Qualified Institutions Placement of equity shares completed.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
4 Oct - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended 30th September 2024
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).