Sundaram Brake Linings Ltd

Sundaram Brake Linings Ltd

₹ 856 0.58%
10 Jun - close price
About

Incorporated in 1978, Sundaram Brake Linings Ltd manufactures asbestos free friction materials[1]

Key Points

Business Overview:[1]
SBLL is part of the T S Krishna Group, which in turn is part of the larger TVS Group. It is in the business of manufacturing automotive, non-automotive, railways and industrial friction materials. Its products are used in commercial vehicles, passenger cars, tractors (agricultural), railways and two wheelers. Company is a pioneer in manufacturing asbestos free friction materials in India, and the first Indian friction material company to become 100% asbestos free. SBL has a presence in the domestic OEM and Aftermarket. It services the Indian aftermarket through 140+ TVS owned wholesaler outlets

  • Market Cap 336 Cr.
  • Current Price 856
  • High / Low 1,444 / 669
  • Stock P/E 64.9
  • Book Value 252
  • Dividend Yield 0.23 %
  • ROCE 6.91 %
  • ROE 5.32 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 3.39 times its book value
  • Promoter holding has decreased over last quarter: -1.60%
  • The company has delivered a poor sales growth of 6.41% over past five years.
  • Company has a low return on equity of 3.80% over last 3 years.

* 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

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
81.24 89.00 86.78 87.29 91.77 93.17 85.36 84.80 89.03 83.71 83.25 88.30 96.96
78.57 89.33 88.61 87.92 87.32 86.89 80.27 78.84 88.35 79.94 79.76 85.60 93.58
Operating Profit 2.67 -0.33 -1.83 -0.63 4.45 6.28 5.09 5.96 0.68 3.77 3.49 2.70 3.38
OPM % 3.29% -0.37% -2.11% -0.72% 4.85% 6.74% 5.96% 7.03% 0.76% 4.50% 4.19% 3.06% 3.49%
3.26 1.58 0.38 0.39 0.42 0.39 0.86 0.06 1.96 0.43 0.49 1.00 0.89
Interest 0.65 0.75 0.82 1.11 1.04 1.01 0.88 0.70 0.77 0.85 0.87 1.13 1.18
Depreciation 1.61 1.47 1.49 1.53 1.62 1.54 1.59 1.62 1.63 1.53 1.54 1.55 1.35
Profit before tax 3.67 -0.97 -3.76 -2.88 2.21 4.12 3.48 3.70 0.24 1.82 1.57 1.02 1.74
Tax % 2.72% -54.64% -3.19% -0.69% 2.26% 14.81% 18.10% 14.86% -141.67% 18.13% 6.37% 12.75% 24.14%
3.57 -0.44 -3.64 -2.86 2.16 3.50 2.86 3.16 0.58 1.49 1.47 0.89 1.32
EPS in Rs 9.07 -1.12 -9.25 -7.27 5.49 8.90 7.27 8.03 1.47 3.79 3.74 2.26 3.35
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
247 237 228 228 247 286 258 237 295 355 352 352
241 236 221 219 240 275 252 229 292 352 334 339
Operating Profit 5 1 7 9 7 11 6 8 3 3 19 13
OPM % 2% 0% 3% 4% 3% 4% 2% 3% 1% 1% 5% 4%
6 1 2 2 3 3 5 1 5 3 3 3
Interest 3 4 3 3 2 3 2 2 3 5 4 4
Depreciation 8 7 6 5 4 5 5 6 6 6 6 6
Profit before tax 0 -9 0 1 4 6 3 2 0 -5 12 6
Tax % 4,442% 63% 232% -23% -0% -9% 16% -186% 38% -11% 13% 16%
-5 -15 -0 2 4 7 3 6 0 -5 10 5
EPS in Rs -13.27 -36.98 -1.04 4.47 9.56 17.92 6.40 15.25 0.20 -12.15 25.64 13.14
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 8% 11%
Compounded Sales Growth
10 Years: 4%
5 Years: 6%
3 Years: 6%
TTM: 0%
Compounded Profit Growth
10 Years: 9%
5 Years: 16%
3 Years: 64%
TTM: -49%
Stock Price CAGR
10 Years: 12%
5 Years: 30%
3 Years: 37%
1 Year: 15%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 4%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 83 66 66 67 71 78 80 86 87 81 91 95
46 51 48 33 30 33 24 30 42 50 44 56
50 56 54 56 65 73 71 62 65 71 67 70
Total Liabilities 183 177 172 160 170 189 179 182 197 206 206 225
87 81 77 71 68 67 68 67 68 67 65 69
CWIP 0 0 0 0 0 0 3 3 1 1 3 1
Investments 0 0 0 0 0 0 1 1 1 1 1 0
95 96 94 89 103 122 107 112 127 137 137 154
Total Assets 183 177 172 160 170 189 179 182 197 206 206 225

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
8 -1 8 19 4 3 17 -4 -2 1 15 0
-9 -2 -2 -1 1 -4 -6 -4 -8 -6 -6 -7
2 2 -9 -18 -5 2 -12 5 10 5 -9 7
Net Cash Flow 1 -1 -2 0 -0 0 -0 -3 0 -0 0 -0

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 85 83 85 70 78 79 74 100 80 71 72 82
Inventory Days 66 90 85 105 100 98 112 103 107 95 88 107
Days Payable 66 106 119 89 91 84 99 106 93 81 87 100
Cash Conversion Cycle 85 67 51 87 87 93 87 97 93 85 72 88
Working Capital Days 68 61 65 67 73 73 72 87 85 73 75 90
ROCE % -0% -4% 3% 4% 6% 8% 5% 3% 0% -1% 11% 7%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
65.54% 65.54% 65.54% 65.54% 65.54% 65.54% 65.54% 65.54% 65.54% 65.54% 65.54% 63.93%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.02% 0.00%
34.46% 34.47% 34.46% 34.45% 34.46% 34.45% 34.46% 34.46% 34.45% 34.44% 34.44% 36.06%
No. of Shareholders 8,6158,6138,6358,5578,4848,1877,7907,7457,9768,0398,6128,393

* 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.

Click on the line-items to see the names of individual entities.

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