Sundaram Clayton Ltd

Sundaram Clayton Ltd

₹ 3,809 2.64%
29 Mar - close price
About

Sundaram Clayton Ltd was incorporated in Chennai in 1962 and is part of the TVS group, led by Mr. Venu Srinivasan. It is engaged in the business of manufacturing and distributing aluminum die castings. [1] Sundaram Clayton manufactures non-ferrous gravity and pressure die castings.

Key Points

Brand Reputation
It is the leading manufacturer of aluminum die-casting components.
It supplies its product to major bands like the TVS Motor, the Cummins Group, the Volvo Group, and many more. [1]

  • Market Cap 7,706 Cr.
  • Current Price 3,809
  • High / Low 5,800 / 3,411
  • Stock P/E 12.1
  • Book Value 2,689
  • Dividend Yield 1.55 %
  • ROCE 11.7 %
  • ROE 11.2 %
  • Face Value 5.00

Pros

  • Company has been maintaining a healthy dividend payout of 18.4%

Cons

  • Company has a low return on equity of 12.4% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 86.9% of their holding.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
4,990 4,341 2,021 5,464 6,374 6,440 4,973 6,801 6,916 6,902 7,666 8,963 8,475
4,344 3,806 1,973 4,789 5,553 5,601 4,509 5,990 6,106 6,002 6,714 7,827 7,439
Operating Profit 646 535 48 674 822 839 464 811 810 900 953 1,136 1,036
OPM % 13% 12% 2% 12% 13% 13% 9% 12% 12% 13% 12% 13% 12%
-65 -27 10 12 15 6 -39 15 31 24 47 37 31
Interest 229 244 227 251 232 220 232 233 245 275 302 350 354
Depreciation 150 181 125 170 169 178 188 207 215 234 222 238 250
Profit before tax 202 82 -294 265 436 447 4 386 380 415 475 585 463
Tax % 21% 39% 20% 28% 24% 31% 290% 30% 33% 26% 31% 33% 38%
Net Profit 159 50 -236 190 331 307 -8 271 253 308 326 394 289
EPS in Rs 43.91 4.55 -77.42 54.76 100.02 82.62 0.80 73.30 62.93 80.81 79.08 104.91 61.20
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
7,382 8,297 8,226 9,344 11,340 12,464 13,498 17,512 21,548 19,859 20,299 25,591 32,006
6,934 7,737 7,704 8,762 10,622 11,506 12,494 15,973 19,205 17,446 17,911 22,599 27,982
Operating Profit 448 561 522 582 717 959 1,004 1,539 2,343 2,412 2,388 2,992 4,024
OPM % 6% 7% 6% 6% 6% 8% 7% 9% 11% 12% 12% 12% 13%
21 46 133 68 98 102 171 121 28 -8 38 22 140
Interest 106 130 148 115 99 102 88 372 719 910 929 985 1,281
Depreciation 181 206 226 214 238 317 377 447 534 649 643 845 945
Profit before tax 182 270 282 320 478 641 710 841 1,118 845 854 1,184 1,938
Tax % 33% 38% 31% 40% 29% 26% 23% 25% 33% 26% 31% 30%
Net Profit 123 166 196 194 345 472 547 629 750 627 592 824 1,317
EPS in Rs 32.39 43.84 98.06 69.80 104.84 144.26 163.21 167.13 213.59 166.63 159.98 217.84 326.00
Dividend Payout % 26% 10% 21% 37% 18% 28% 19% 9% 17% 19% 16% 20%
Compounded Sales Growth
10 Years: 12%
5 Years: 14%
3 Years: 6%
TTM: 27%
Compounded Profit Growth
10 Years: 12%
5 Years: 6%
3 Years: 1%
TTM: 128%
Stock Price CAGR
10 Years: 27%
5 Years: -5%
3 Years: 36%
1 Year: 4%
Return on Equity
10 Years: 15%
5 Years: 14%
3 Years: 12%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
19 9 9 10 10 10 10 10 10 10 10 10 10
Reserves 564 689 885 1,111 1,278 1,513 1,857 2,141 2,464 2,453 2,894 5,069 5,431
1,498 1,679 1,482 1,090 1,497 1,461 1,665 7,593 10,022 12,314 12,853 16,593 19,681
1,727 1,834 1,907 2,345 2,740 3,233 3,785 5,016 5,674 5,835 7,551 8,662 10,103
Total Liabilities 3,808 4,212 4,283 4,555 5,525 6,216 7,317 14,761 18,170 20,612 23,309 30,334 35,225
1,643 1,772 1,980 1,909 2,040 2,468 2,851 3,627 4,030 4,460 4,850 6,339 6,543
CWIP 90 270 48 57 102 69 101 396 756 1,017 1,050 560 385
Investments 300 358 410 499 601 1,055 1,333 607 618 472 673 644 818
1,775 1,812 1,845 2,090 2,782 2,624 3,032 10,131 12,766 14,663 16,735 22,790 27,479
Total Assets 3,808 4,212 4,283 4,555 5,525 6,216 7,317 14,761 18,170 20,612 23,309 30,334 35,225

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
256 482 459 567 138 1,075 838 324 -710 458 1,215 -1,548
-119 -492 -114 -22 -461 -715 -818 -1,379 -1,324 -1,055 -979 -1,705
-108 13 -395 -474 179 -373 -61 1,198 2,085 1,795 261 3,116
Net Cash Flow 29 4 -50 71 -144 -13 -40 143 51 1,199 496 -137

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 21 17 20 20 19 19 23 27 29 29 22 20
Inventory Days 56 55 55 49 58 48 55 44 41 42 46 44
Days Payable 58 55 63 67 77 76 83 94 84 96 125 107
Cash Conversion Cycle 19 17 13 3 -0 -8 -5 -22 -14 -25 -57 -44
Working Capital Days 3 2 6 2 15 -0 2 37 59 47 71 81
ROCE % 13% 17% 14% 17% 21% 24% 25% 19% 17% 13% 12% 12%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
75.00 75.00 75.00 75.00 75.00 75.00 75.00 74.46 74.46 74.46 74.47 74.47
0.74 0.70 0.66 0.63 0.43 0.32 0.30 1.14 1.12 1.18 1.23 1.27
15.08 15.06 14.83 14.49 14.47 14.25 14.23 14.28 14.08 14.14 13.98 13.28
9.18 9.24 9.51 9.88 10.10 10.43 10.47 10.12 10.33 10.22 10.34 10.98

* 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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