Sundram Fasteners Ltd

₹ 1,065 1.29%

25 Apr 3:26 p.m.

sundram.com BSE: 500403 NSE : SUNDRMFAST

About

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]

Key Points

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 and 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, and structural parts, etc. ^[1]

Website BSE NSE

Market Cap ₹ 22,370 Cr.
Current Price ₹ 1,065
High / Low ₹ 1,341 / 1,002
Stock P/E 48.3
Book Value ₹ 147
Dividend Yield 0.62 %
ROCE 20.2 %
ROE 17.0 %
Face Value ₹ 1.00

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Pros

Company has reduced debt.
Company has been maintaining a healthy dividend payout of 34.3%

Cons

Stock is trading at 7.20 times its book value

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	942	1,079	939	1,063	1,024	1,146	1,240	1,218	1,227	1,235	1,216	1,234	1,181
	740	869	755	863	848	979	1,031	1,033	1,048	1,040	1,020	1,034	1,004
Operating Profit	203	210	183	200	176	167	208	186	179	195	195	201	177
OPM %	22%	19%	20%	19%	17%	15%	17%	15%	15%	16%	16%	16%	15%
	3	2	10	1	4	-19	7	8	9	6	2	5	24
Interest	3	3	4	2	3	4	5	4	6	9	6	4	3
Depreciation	37	36	38	38	38	39	39	39	40	39	41	43	42
Profit before tax	166	173	151	161	138	105	171	149	142	153	151	158	156
Tax %	25%	25%	26%	25%	25%	32%	24%	25%	25%	24%	25%	25%	25%
	124	130	113	120	103	71	130	112	106	116	113	118	116
EPS in Rs	5.91	6.19	5.36	5.72	4.92	3.40	6.19	5.32	5.05	5.54	5.36	5.61	5.53
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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
	2,147	2,069	2,022	2,386	2,601	2,947	3,420	3,990	3,125	3,065	4,173	4,919	4,865
	1,851	1,797	1,766	2,052	2,285	2,406	2,799	3,250	2,576	2,483	3,445	4,151	4,098
Operating Profit	296	272	256	334	316	541	621	740	548	582	728	769	768
OPM %	14%	13%	13%	14%	12%	18%	18%	19%	18%	19%	17%	16%	16%
	18	12	38	13	172	10	29	29	9	17	-5	29	37
Interest	92	81	59	81	60	36	33	39	44	14	13	25	22
Depreciation	64	72	76	88	206	90	98	110	137	147	153	157	165
Profit before tax	157	132	160	177	221	425	520	620	376	438	556	616	618
Tax %	28%	28%	24%	24%	3%	26%	29%	30%	17%	25%	27%	25%
	113	95	121	135	214	315	367	436	314	328	407	464	463
EPS in Rs	5.36	4.52	5.75	6.44	10.18	15.01	17.49	20.76	14.95	15.62	19.39	22.10	22.04
Dividend Payout %	26%	31%	30%	27%	21%	30%	26%	25%	28%	30%	34%	39%

Compounded Sales Growth
10 Years:	9%
5 Years:	8%
3 Years:	16%
TTM:	1%

Compounded Profit Growth
10 Years:	17%
5 Years:	5%
3 Years:	13%
TTM:	6%

Stock Price CAGR
10 Years:	30%
5 Years:	14%
3 Years:	15%
1 Year:	3%

Return on Equity
10 Years:	20%
5 Years:	18%
3 Years:	17%
Last Year:	17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	21	21	21	21	21	21	21	21	21	21	21	21	21
Reserves	612	673	755	838	1,017	1,292	1,568	1,887	1,996	2,312	2,524	2,888	3,068
	829	795	651	751	572	626	562	801	706	466	466	445	346
	347	356	423	429	571	508	629	687	508	691	745	706	703
Total Liabilities	1,809	1,845	1,850	2,038	2,181	2,447	2,780	3,396	3,232	3,490	3,757	4,060	4,138
	673	708	782	795	810	917	1,035	1,347	1,571	1,564	1,558	1,652	1,617
CWIP	40	21	21	15	54	50	32	83	87	105	100	46	103
Investments	143	132	123	117	309	321	359	350	310	337	323	347	370
	954	984	924	1,111	1,008	1,159	1,355	1,616	1,263	1,484	1,776	2,014	2,048
Total Assets	1,809	1,845	1,850	2,038	2,181	2,447	2,780	3,396	3,232	3,490	3,757	4,060	4,138

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	174	219	386	99	457	244	413	408	660	414	366	394
	-131	-65	-134	-94	-152	-207	-194	-494	-304	-129	-141	-206
	-44	-150	-253	-7	-309	-33	-217	82	-352	-284	-224	-171
Net Cash Flow	-1	4	-2	-2	-4	4	2	-3	4	1	1	17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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	74	76	73	62	65	70	72	70	63	85	73	70
Inventory Days	117	121	118	136	124	125	119	124	139	164	140	127
Days Payable	59	65	87	83	101	95	95	84	83	133	95	69
Cash Conversion Cycle	131	132	103	115	88	100	97	109	119	116	118	128
Working Capital Days	89	103	71	76	54	64	65	83	84	91	86	91
ROCE %	18%	14%	16%	18%	20%	26%	27%	27%	16%	16%	21%	20%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	49.53%	49.53%	49.53%	49.69%	49.69%	48.51%	48.51%	48.51%	48.51%	48.51%	48.51%	48.51%
	11.14%	11.33%	11.73%	11.70%	11.74%	11.75%	11.67%	11.65%	11.95%	12.83%	12.51%	12.59%
	17.37%	17.61%	17.48%	17.68%	17.71%	18.72%	18.76%	18.81%	18.64%	17.89%	18.47%	18.63%
	21.95%	21.53%	21.25%	20.93%	20.86%	21.03%	21.04%	21.03%	20.91%	20.76%	20.51%	20.26%
No. of Shareholders	68,137	70,592	65,779	65,847	66,180	66,802	66,611	69,592	70,042	72,808	73,815	71,610

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	49.53%	49.53%	49.53%	49.53%	49.53%	49.69%	48.51%	48.51%
	2.31%	8.19%	7.63%	8.87%	10.88%	11.70%	11.65%	12.59%
	17.37%	15.31%	15.84%	18.09%	17.63%	17.68%	18.81%	18.63%
	30.78%	26.97%	26.99%	23.51%	21.95%	20.93%	21.03%	20.26%
No. of Shareholders	41,730	52,449	59,349	55,821	59,600	65,847	69,592	71,610

* 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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Sundram Fasteners Ltd

Sundram Fasteners Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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