Sundaram Brake Linings Ltd
Incorporated in 1978, Sundaram Brake Linings Ltd manufactures asbestos free friction materials[1]
- Market Cap ₹ 295 Cr.
- Current Price ₹ 751
- High / Low ₹ 792 / 307
- Stock P/E 25.3
- Book Value ₹ 233
- Dividend Yield 0.00 %
- ROCE -0.57 %
- ROE -5.43 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.22 times its book value
- The company has delivered a poor sales growth of 7.52% over past five years.
- Company has a low return on equity of -0.35% 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.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
256 | 232 | 247 | 237 | 228 | 228 | 247 | 286 | 258 | 237 | 295 | 355 | 355 | |
235 | 226 | 241 | 236 | 221 | 219 | 240 | 275 | 252 | 229 | 292 | 352 | 333 | |
Operating Profit | 20 | 6 | 5 | 1 | 7 | 9 | 7 | 11 | 6 | 8 | 3 | 3 | 22 |
OPM % | 8% | 2% | 2% | 0% | 3% | 4% | 3% | 4% | 2% | 3% | 1% | 1% | 6% |
-10 | 1 | 6 | 1 | 2 | 2 | 3 | 3 | 5 | 1 | 5 | 3 | 2 | |
Interest | 4 | 3 | 3 | 4 | 3 | 3 | 2 | 3 | 2 | 2 | 3 | 5 | 4 |
Depreciation | 8 | 8 | 8 | 7 | 6 | 5 | 4 | 5 | 5 | 6 | 6 | 6 | 6 |
Profit before tax | -1 | -4 | 0 | -9 | 0 | 1 | 4 | 6 | 3 | 2 | 0 | -5 | 14 |
Tax % | 148% | -7% | 4,442% | -63% | 232% | -23% | -0% | -9% | 16% | -186% | 38% | 11% | |
1 | -4 | -5 | -15 | -0 | 2 | 4 | 7 | 3 | 6 | 0 | -5 | 12 | |
EPS in Rs | 1.42 | -11.21 | -13.27 | -36.98 | -1.04 | 4.47 | 9.56 | 17.92 | 6.40 | 15.25 | 0.20 | -12.15 | 29.69 |
Dividend Payout % | 211% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 8% |
3 Years: | 11% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | -1% |
5 Years: | % |
3 Years: | % |
TTM: | 310% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 21% |
3 Years: | 31% |
1 Year: | 120% |
Return on Equity | |
---|---|
10 Years: | -1% |
5 Years: | 2% |
3 Years: | 0% |
Last Year: | -5% |
Balance Sheet
Figures in Rs. Crores
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 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Reserves | 92 | 88 | 83 | 66 | 66 | 67 | 71 | 78 | 80 | 86 | 87 | 81 | 88 |
41 | 41 | 46 | 51 | 48 | 33 | 30 | 33 | 24 | 30 | 42 | 50 | 37 | |
40 | 43 | 50 | 56 | 54 | 56 | 65 | 73 | 71 | 62 | 65 | 71 | 63 | |
Total Liabilities | 177 | 175 | 183 | 177 | 172 | 160 | 170 | 189 | 179 | 182 | 197 | 206 | 192 |
88 | 86 | 87 | 81 | 77 | 71 | 68 | 67 | 68 | 67 | 68 | 67 | 66 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 1 | 1 | 1 |
Investments | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
88 | 89 | 95 | 96 | 94 | 89 | 103 | 122 | 107 | 112 | 127 | 137 | 124 | |
Total Assets | 177 | 175 | 183 | 177 | 172 | 160 | 170 | 189 | 179 | 182 | 197 | 206 | 192 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
8 | 4 | 8 | -1 | 8 | 19 | 4 | 3 | 17 | -4 | -2 | 1 | |
-9 | -4 | -9 | -2 | -2 | -1 | 1 | -4 | -6 | -4 | -8 | -6 | |
-2 | -4 | 2 | 2 | -9 | -18 | -5 | 2 | -12 | 5 | 10 | 5 | |
Net Cash Flow | -4 | -4 | 1 | -1 | -2 | 0 | -0 | 0 | -0 | -3 | 0 | -0 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 75 | 81 | 85 | 83 | 85 | 70 | 78 | 79 | 74 | 100 | 80 | 71 |
Inventory Days | 50 | 80 | 66 | 90 | 85 | 105 | 100 | 98 | 112 | 103 | 107 | 95 |
Days Payable | 54 | 74 | 66 | 106 | 119 | 89 | 91 | 84 | 99 | 106 | 93 | 87 |
Cash Conversion Cycle | 71 | 86 | 85 | 67 | 51 | 87 | 87 | 93 | 87 | 97 | 93 | 79 |
Working Capital Days | 65 | 78 | 68 | 61 | 65 | 67 | 73 | 73 | 72 | 87 | 85 | 73 |
ROCE % | 11% | -1% | -0% | -4% | 3% | 4% | 6% | 8% | 5% | 3% | 0% | -1% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2 May
-
Announcement under Regulation 30 (LODR)-Credit Rating
29 Apr - Regarding Credit Rating of the Company by ICRA Ltd
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 Apr
-
Compliance Certificate Under Reg 40(10)
13 Apr - Compliance Certificate under Reg 40(10) of SEBI (LODR) Regulation 2015 for the period from 01.04.2023 to 31.03.2024.
- Compliance- Certificate Under 7(3) Of SEBI (LODR) Regulation 2015 2 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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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 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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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