Sundaram Finance Ltd

Sundaram Finance Ltd

₹ 4,754 -0.72%
24 Jun - close price
About

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]

Key Points

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]

  • Market Cap 52,813 Cr.
  • Current Price 4,754
  • High / Low 4,998 / 2,490
  • Stock P/E 35.5
  • Book Value 997
  • Dividend Yield 0.63 %
  • ROCE 9.21 %
  • ROE 14.2 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 17.9%

Cons

  • Stock is trading at 4.77 times its book value
  • Company has low interest coverage ratio.

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Revenue 1,285 1,257 1,293 1,286 1,272 1,246 1,337 1,410 1,484 1,583 1,708 1,821 2,156
Interest 618 593 547 551 546 541 578 622 667 738 821 910 948
364 325 426 367 274 331 329 327 300 383 375 351 524
Financing Profit 303 340 320 369 452 375 430 460 516 462 512 561 684
Financing Margin % 24% 27% 25% 29% 36% 30% 32% 33% 35% 29% 30% 31% 32%
53 5 6 4 23 7 3 1 58 8 2 7 -90
Depreciation 25 20 22 25 34 29 33 36 41 39 44 48 53
Profit before tax 331 325 304 347 441 353 400 425 533 431 471 520 541
Tax % 23% 25% 30% 24% 21% 27% 30% 24% 23% 28% 30% 23% 28%
299 310 274 314 398 277 332 382 509 430 435 506 472
EPS in Rs 24.35 25.70 23.32 26.00 30.60 22.11 27.55 29.96 38.99 33.77 32.89 38.47 24.11
Gross NPA %
Net NPA %
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 3,703 4,107 4,285 5,027 5,588 6,331 3,696 4,707 5,292 5,111 5,501 7,267
Interest 1,516 1,724 1,782 1,814 1,735 1,344 1,770 2,427 2,659 2,236 2,406 3,418
1,288 1,389 1,505 2,221 2,735 3,906 932 1,222 1,235 1,392 1,288 1,632
Financing Profit 900 993 999 992 1,118 1,080 994 1,057 1,398 1,483 1,806 2,217
Financing Margin % 24% 24% 23% 20% 20% 17% 27% 22% 26% 29% 33% 31%
8 -5 -27 7 8 13 482 48 24 35 43 -73
Depreciation 101 112 112 106 104 79 58 90 93 101 139 183
Profit before tax 807 876 860 893 1,022 1,014 1,418 1,016 1,330 1,417 1,711 1,961
Tax % 31% 34% 33% 34% 34% 34% 27% 21% 25% 25% 26% 27%
620 650 644 662 768 843 1,258 845 1,223 1,296 1,500 1,842
EPS in Rs 50.76 52.30 51.83 52.49 61.52 65.70 104.49 71.25 104.87 105.61 118.61 129.25
Dividend Payout % 18% 19% 20% 21% 19% 18% 17% 18% 17% 19% 23% 12%
Compounded Sales Growth
10 Years: 6%
5 Years: 14%
3 Years: 11%
TTM: 32%
Compounded Profit Growth
10 Years: 10%
5 Years: 12%
3 Years: 9%
TTM: 13%
Stock Price CAGR
10 Years: 19%
5 Years: 24%
3 Years: 21%
1 Year: 82%
Return on Equity
10 Years: 14%
5 Years: 14%
3 Years: 14%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 111 111 111 111 111 110 110 110 110 110 110 110
Reserves 2,503 2,969 3,639 4,084 4,698 5,539 6,149 6,567 7,620 8,685 9,800 10,968
Preference Capital 0 0 0 0 0 0 0 0 0 0 0
16,795 17,828 18,795 18,758 20,216 21,069 25,023 35,939 36,461 36,356 42,694 52,334
2,637 3,005 3,241 5,095 5,724 7,268 2,388 2,105 2,369 3,003 3,462 864
Total Liabilities 22,046 23,914 25,785 28,048 30,749 33,986 33,671 44,721 46,560 48,154 56,066 64,276
541 559 515 817 862 821 451 903 865 1,117 1,296 1,394
CWIP 0 3 2 4 3 3 0 0 0 0 1 0
Investments 1,963 2,450 2,731 4,026 4,815 8,693 4,539 5,096 6,057 8,088 8,082 5,732
19,542 20,903 22,537 23,201 25,070 24,469 28,680 38,722 39,638 38,950 46,687 57,150
Total Assets 22,046 23,914 25,785 28,048 30,749 33,986 33,671 44,721 46,560 48,154 56,066 64,276

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-2,210 -564 -1,430 310 -965 -5,547 -4,200 9 450 1,781 -6,504 -8,486
-483 -228 446 -83 -554 -1,182 1,000 -1,983 -243 -1,597 669 89
2,713 1,004 757 -261 1,394 6,756 3,212 1,862 -122 -200 5,890 8,754
Net Cash Flow 19 213 -227 -33 -124 27 12 -111 85 -16 54 357

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 % 24% 21% 17% 15% 15% 14% 14% 12% 16% 14% 14% 14%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
35.90% 35.89% 35.89% 38.49% 38.49% 38.49% 38.49% 38.49% 38.49% 38.49% 37.88% 37.87%
0.00% 0.00% 0.00% 9.91% 0.00% 7.57% 7.69% 7.78% 7.78% 8.35% 8.31% 13.36%
24.11% 24.18% 24.19% 14.27% 24.06% 16.70% 16.80% 16.87% 16.94% 16.55% 16.84% 12.39%
39.16% 39.10% 39.10% 36.50% 36.64% 36.41% 36.20% 36.04% 35.97% 35.80% 36.16% 35.58%
0.00% 0.00% 0.00% 0.82% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
No. of Shareholders 22,88822,01323,41324,14924,82724,07323,69323,65235,74141,73842,59742,288

* 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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