Sundram Fasteners Ltd
Sundaram fasteners ltd, a part of the TVS Group of Companies, is engaged in manufacturing critical, high precision components such as fasteners, power train components etc for the automotive, infrastructure, windmill, and aviation sectors. [1]
- Market Cap ₹ 20,029 Cr.
- Current Price ₹ 953
- High / Low ₹ 1,226 / 831
- Stock P/E 38.2
- Book Value ₹ 183
- Dividend Yield 0.76 %
- ROCE 17.4 %
- ROE 14.7 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 32.8%
Cons
- The company has delivered a poor sales growth of 10.8% over past five 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,022 | 2,386 | 2,601 | 2,947 | 3,420 | 3,990 | 3,125 | 3,065 | 4,173 | 4,922 | 4,906 | 5,210 | 5,299 | |
| 1,766 | 2,052 | 2,285 | 2,406 | 2,799 | 3,250 | 2,576 | 2,483 | 3,445 | 4,153 | 4,126 | 4,367 | 4,444 | |
| Operating Profit | 256 | 334 | 316 | 541 | 621 | 740 | 548 | 582 | 728 | 768 | 780 | 843 | 855 |
| OPM % | 13% | 14% | 12% | 18% | 18% | 19% | 18% | 19% | 17% | 16% | 16% | 16% | 16% |
| 38 | 13 | 172 | 10 | 29 | 29 | 9 | 17 | -5 | 29 | 45 | 33 | 56 | |
| Interest | 59 | 81 | 60 | 36 | 33 | 39 | 44 | 14 | 13 | 25 | 18 | 20 | 26 |
| Depreciation | 76 | 88 | 206 | 90 | 98 | 110 | 137 | 147 | 153 | 157 | 168 | 176 | 184 |
| Profit before tax | 160 | 177 | 221 | 425 | 520 | 620 | 376 | 438 | 556 | 615 | 639 | 681 | 700 |
| Tax % | 24% | 24% | 3% | 26% | 29% | 30% | 17% | 25% | 27% | 25% | 25% | 24% | |
| 121 | 135 | 214 | 315 | 367 | 436 | 314 | 328 | 407 | 464 | 480 | 517 | 533 | |
| EPS in Rs | 5.75 | 6.44 | 10.18 | 15.01 | 17.49 | 20.76 | 14.95 | 15.62 | 19.39 | 22.07 | 22.83 | 24.60 | 25.38 |
| Dividend Payout % | 30% | 27% | 21% | 30% | 26% | 25% | 28% | 30% | 33% | 39% | 30% | 29% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 11% |
| 3 Years: | 8% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 10% |
| 3 Years: | 6% |
| TTM: | 3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 14% |
| 3 Years: | 0% |
| 1 Year: | -22% |
| Return on Equity | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 16% |
| 3 Years: | 16% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 |
| Reserves | 755 | 838 | 1,017 | 1,292 | 1,568 | 1,887 | 1,996 | 2,312 | 2,524 | 2,886 | 3,258 | 3,625 | 3,828 |
| 651 | 751 | 572 | 626 | 562 | 801 | 706 | 466 | 466 | 445 | 383 | 602 | 552 | |
| 423 | 429 | 571 | 508 | 629 | 687 | 508 | 691 | 745 | 707 | 736 | 737 | 722 | |
| Total Liabilities | 1,850 | 2,038 | 2,181 | 2,447 | 2,780 | 3,396 | 3,232 | 3,490 | 3,757 | 4,058 | 4,398 | 4,984 | 5,123 |
| 782 | 795 | 810 | 917 | 1,035 | 1,347 | 1,571 | 1,564 | 1,558 | 1,655 | 1,715 | 1,883 | 1,991 | |
| CWIP | 21 | 15 | 54 | 50 | 32 | 83 | 87 | 105 | 100 | 46 | 154 | 177 | 137 |
| Investments | 123 | 117 | 309 | 321 | 359 | 350 | 310 | 337 | 323 | 345 | 376 | 373 | 389 |
| 924 | 1,111 | 1,008 | 1,159 | 1,355 | 1,616 | 1,263 | 1,484 | 1,776 | 2,012 | 2,153 | 2,551 | 2,606 | |
| Total Assets | 1,850 | 2,038 | 2,181 | 2,447 | 2,780 | 3,396 | 3,232 | 3,490 | 3,757 | 4,058 | 4,398 | 4,984 | 5,123 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 386 | 99 | 457 | 244 | 413 | 408 | 660 | 414 | 366 | 396 | 529 | 323 | |
| -134 | -94 | -152 | -207 | -194 | -494 | -304 | -129 | -141 | -207 | -347 | -370 | |
| -253 | -7 | -309 | -33 | -217 | 82 | -352 | -284 | -224 | -171 | -202 | 48 | |
| Net Cash Flow | -2 | -2 | -4 | 4 | 2 | -3 | 4 | 1 | 1 | 18 | -20 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 73 | 62 | 65 | 70 | 72 | 70 | 63 | 85 | 73 | 70 | 78 | 89 |
| Inventory Days | 118 | 136 | 124 | 125 | 119 | 124 | 139 | 164 | 140 | 127 | 135 | 161 |
| Days Payable | 87 | 83 | 101 | 95 | 95 | 84 | 83 | 133 | 95 | 70 | 74 | 75 |
| Cash Conversion Cycle | 103 | 115 | 88 | 100 | 97 | 109 | 119 | 116 | 118 | 128 | 139 | 175 |
| Working Capital Days | 5 | -2 | 2 | 8 | 26 | 28 | 84 | 58 | 55 | 62 | 73 | 80 |
| ROCE % | 16% | 18% | 20% | 26% | 27% | 27% | 16% | 16% | 21% | 20% | 19% | 17% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
12h - CRISIL re-affirmed CRISIL A1+ short-term commercial paper rating for Sundram Fasteners on November 11, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
5 Nov - Transcript of Q2 FY'26 earnings meet held Oct 30, 2025; H1 revenue Rs.2,723cr, PAT Rs.278cr.
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Re-Lodgement Of Transfer Requests Of Physical Shares-Monthly Update
4 Nov - Monthly re-lodgement report for physical share transfer requests for period ended October 31, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
30 Oct - Analyst call on Oct 30, 2025 (Avendus Spark); no UPSI; audio posted on company website.
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Communication To Shareholders - Deduction Of Tax At Source On Dividend
30 Oct - Interim dividend Rs3.75/share; payable Nov 20, 2025; record date Nov 4; TDS rules, documents due Nov 6.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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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Concalls
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Nov 2025TranscriptPPT
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Aug 2025TranscriptPPT
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May 2025Transcript PPT
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Feb 2025TranscriptPPT
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May 2024TranscriptPPT
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Mar 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Aug 2023TranscriptPPT
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May 2023TranscriptPPT
Product Portfolio
High Tensile Fasteners: Wind Energy Fasteners, Automotive Fasteners, Engine Fasteners, Aerospace and Aviation Fasteners, etc.
Cold extruded parts: Gear blanks, Transmission shafts, Cams, etc
Hot Forged Parts: Bevel Gear & Pinion Family, Hub, Gen 3 Bearing hub rings, etc.
Powertrain components: Turbine and output Shafts, Clutch hub, Sun Gear Shafts, etc.
Pump & Assemblies: Water pumps, Oil pumps, Mechanical Fuel feed pumps.
Radiator Caps: Metal Caps, Nylon Caps.
Powder metallurgy: Rotors and gears, synchronizer hubs, bushes, structural parts, etc.
Iron Powder: Powders for Press & Sinter Applications, Plain Iron Powders, Diffusion Bonded Powders, etc. [1]