Sundaram Finance Ltd
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]
- Market Cap ₹ 53,169 Cr.
- Current Price ₹ 4,786
- High / Low ₹ 4,890 / 2,211
- Stock P/E 33.2
- Book Value ₹ 952
- Dividend Yield 0.56 %
- ROCE 8.00 %
- ROE 14.1 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 19.5%
Cons
- Stock is trading at 5.03 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -0.61%
- The company has delivered a poor sales growth of -2.77% over past five years.
- 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: Finance Industry: Finance & Investments
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 3,024 | 3,703 | 4,107 | 4,285 | 5,027 | 5,588 | 6,331 | 3,696 | 4,707 | 5,292 | 5,111 | 5,501 | 6,596 |
Interest | 1,183 | 1,516 | 1,724 | 1,782 | 1,814 | 1,735 | 1,344 | 1,770 | 2,427 | 2,659 | 2,236 | 2,406 | 3,135 |
1,140 | 1,288 | 1,389 | 1,505 | 2,221 | 2,735 | 3,906 | 932 | 1,222 | 1,235 | 1,392 | 1,288 | 1,409 | |
Financing Profit | 701 | 900 | 993 | 999 | 992 | 1,118 | 1,080 | 994 | 1,057 | 1,398 | 1,483 | 1,806 | 2,051 |
Financing Margin % | 23% | 24% | 24% | 23% | 20% | 20% | 17% | 27% | 22% | 26% | 29% | 33% | 31% |
14 | 8 | -5 | -27 | 7 | 8 | 13 | 482 | 48 | 24 | 35 | 43 | 75 | |
Depreciation | 84 | 101 | 112 | 112 | 106 | 104 | 79 | 58 | 90 | 93 | 101 | 139 | 171 |
Profit before tax | 631 | 807 | 876 | 860 | 893 | 1,022 | 1,014 | 1,418 | 1,016 | 1,330 | 1,417 | 1,711 | 1,955 |
Tax % | 32% | 31% | 34% | 33% | 34% | 34% | 34% | 27% | 21% | 25% | 25% | 26% | |
498 | 620 | 650 | 644 | 662 | 768 | 843 | 1,258 | 845 | 1,223 | 1,296 | 1,500 | 1,880 | |
EPS in Rs | 41.18 | 50.76 | 52.30 | 51.83 | 52.49 | 61.52 | 65.70 | 104.49 | 71.25 | 104.87 | 105.61 | 118.61 | 144.12 |
Dividend Payout % | 19% | 18% | 19% | 20% | 21% | 19% | 18% | 17% | 18% | 17% | 19% | 23% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | -3% |
3 Years: | 5% |
TTM: | 25% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 13% |
3 Years: | 19% |
TTM: | 31% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 27% |
3 Years: | 25% |
1 Year: | 105% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 14% |
3 Years: | 15% |
Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 56 | 111 | 111 | 111 | 111 | 111 | 110 | 110 | 110 | 110 | 110 | 110 | 110 |
Reserves | 2,109 | 2,503 | 2,969 | 3,639 | 4,084 | 4,698 | 5,539 | 6,149 | 6,567 | 7,620 | 8,685 | 9,800 | 10,464 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
13,349 | 16,795 | 17,828 | 18,795 | 18,758 | 20,216 | 21,069 | 25,023 | 35,939 | 36,461 | 36,356 | 42,694 | 48,892 | |
2,696 | 2,637 | 3,005 | 3,241 | 5,095 | 5,724 | 7,268 | 2,388 | 2,105 | 2,369 | 3,003 | 3,462 | 3,831 | |
Total Liabilities | 18,210 | 22,046 | 23,914 | 25,785 | 28,048 | 30,749 | 33,986 | 33,671 | 44,721 | 46,560 | 48,154 | 56,066 | 63,297 |
511 | 541 | 559 | 515 | 817 | 862 | 821 | 451 | 903 | 865 | 1,117 | 1,296 | 1,366 | |
CWIP | 0 | 0 | 3 | 2 | 4 | 3 | 3 | 0 | 0 | 0 | 0 | 1 | 0 |
Investments | 1,347 | 1,963 | 2,450 | 2,731 | 4,026 | 4,815 | 8,693 | 4,539 | 5,096 | 6,057 | 8,088 | 8,082 | 9,380 |
16,352 | 19,542 | 20,903 | 22,537 | 23,201 | 25,070 | 24,469 | 28,680 | 38,722 | 39,638 | 38,950 | 46,687 | 52,551 | |
Total Assets | 18,210 | 22,046 | 23,914 | 25,785 | 28,048 | 30,749 | 33,986 | 33,671 | 44,721 | 46,560 | 48,154 | 56,066 | 63,297 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-2,374 | -2,210 | -564 | -1,430 | 310 | -965 | -5,547 | -4,200 | 9 | 450 | 1,781 | -6,504 | |
142 | -483 | -228 | 446 | -83 | -554 | -1,182 | 1,000 | -1,983 | -243 | -1,597 | 669 | |
1,570 | 2,713 | 1,004 | 757 | -261 | 1,394 | 6,756 | 3,212 | 1,862 | -122 | -200 | 5,890 | |
Net Cash Flow | -662 | 19 | 213 | -227 | -33 | -124 | 27 | 12 | -111 | 85 | -16 | 54 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE % | 23% | 24% | 21% | 17% | 15% | 15% | 14% | 14% | 12% | 16% | 14% | 14% |
Documents
Announcements
- Fixes Record Date for Interim Dividend 5 Feb
- Disclosure under Reg. 30 read with Sch. III. Part A. Para A of SEBI (LODR) Regulations, 2015 5 Feb
- Board declares Interim Dividend 5 Feb
-
Appointment of Independent Director
5 Feb - Sundaram Finance Ltd has informed BSE regarding "Appointment of Mr. R Venkatraman as an Independent Director".
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Disclosure under Regulation 31A (8)(b) of the SEBI (LODR) Regulations, 2015
5 Feb - Sundaram Finance Ltd has informed BSE regarding "Disclosure under Regulation 31A (8)(b) of the SEBI (Listing Obligations and Disclosures Requirement) Regulations, 2015".
Annual reports
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Financial Year 2022
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Financial Year 2009
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Financial Year 2008
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Financial Year 2007
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Financial Year 2006
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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]