Sundram Fasteners Ltd

₹ 909 1.34%
30 Sep - close price
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]

  • Market Cap 19,101 Cr.
  • Current Price 909
  • High / Low 994 / 673
  • Stock P/E 40.4
  • Book Value 125
  • Dividend Yield 0.71 %
  • ROCE 20.1 %
  • ROE 18.3 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 28.0%

Cons

  • Stock is trading at 7.29 times its book value
  • The company has delivered a poor sales growth of 8.22% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
1,181 889 822 831 373 889 1,109 1,273 1,112 1,242 1,208 1,340 1,410
988 738 696 708 358 711 878 1,036 912 1,024 1,017 1,148 1,185
Operating Profit 192 151 127 123 15 179 230 237 200 218 191 192 226
OPM % 16% 17% 15% 15% 4% 20% 21% 19% 18% 18% 16% 14% 16%
5 6 12 5 9 8 10 4 17 2 10 10 12
Interest 14 17 13 14 11 3 5 7 8 6 7 8 9
Depreciation 44 41 42 44 44 45 45 45 47 47 47 50 49
Profit before tax 139 99 85 70 -32 139 190 189 163 167 147 144 180
Tax % 30% 28% -24% 24% 20% 25% 24% 25% 26% 26% 25% 25% 23%
Net Profit 97 71 105 53 -25 104 144 141 120 124 110 107 138
EPS in Rs 4.55 3.36 4.96 2.60 -1.27 4.87 6.79 6.70 5.69 5.83 5.14 5.07 6.47
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
2,284 2,770 2,651 2,736 3,156 3,255 3,303 3,855 4,558 3,723 3,644 4,902 5,200
2,031 2,465 2,401 2,447 2,781 3,012 2,712 3,173 3,756 3,130 2,980 4,101 4,373
Operating Profit 253 305 250 289 375 243 590 681 802 594 664 801 826
OPM % 11% 11% 9% 11% 12% 7% 18% 18% 18% 16% 18% 16% 16%
16 30 71 49 17 85 12 22 26 27 27 39 34
Interest 42 98 90 68 94 73 39 37 46 58 26 29 30
Depreciation 72 84 94 102 116 116 104 112 129 170 180 191 193
Profit before tax 156 153 138 169 182 139 459 554 652 393 486 621 638
Tax % 27% 34% 32% 28% 28% 10% 26% 30% 30% 17% 25% 26%
Net Profit 114 101 93 121 132 125 338 388 459 327 363 462 479
EPS in Rs 5.36 4.74 4.42 5.75 6.25 6.00 16.06 18.40 21.77 15.46 17.09 21.74 22.51
Dividend Payout % 23% 30% 32% 30% 28% 36% 28% 25% 23% 27% 27% 30%
Compounded Sales Growth
10 Years: 6%
5 Years: 8%
3 Years: 2%
TTM: 19%
Compounded Profit Growth
10 Years: 16%
5 Years: 6%
3 Years: 0%
TTM: -6%
Stock Price CAGR
10 Years: 34%
5 Years: 16%
3 Years: 25%
1 Year: -2%
Return on Equity
10 Years: 20%
5 Years: 20%
3 Years: 17%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
21 21 21 21 21 21 21 21 21 21 21 21
Reserves 531 621 685 780 858 933 1,215 1,510 1,849 1,975 2,326 2,600
783 893 858 733 874 602 701 700 995 917 710 772
421 504 506 629 588 646 591 756 838 636 872 891
Total Liabilities 1,756 2,039 2,069 2,164 2,341 2,202 2,527 2,987 3,703 3,549 3,929 4,284
750 849 908 1,007 1,019 917 1,031 1,156 1,621 1,910 1,921 1,948
CWIP 37 52 34 40 22 54 69 111 96 95 119 117
Investments 2 10 9 10 7 38 32 70 68 38 64 77
968 1,127 1,119 1,106 1,294 1,193 1,395 1,650 1,918 1,506 1,825 2,142
Total Assets 1,756 2,039 2,069 2,164 2,341 2,202 2,527 2,987 3,703 3,549 3,929 4,284

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
28 206 274 427 106 595 244 456 457 718 454 401
-120 -182 -106 -180 -127 -179 -237 -296 -595 -320 -200 -203
96 -20 -163 -244 20 -415 6 -167 127 -377 -270 -186
Net Cash Flow 4 4 6 4 -1 1 12 -6 -11 21 -16 12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 64 64 68 65 57 61 72 75 71 64 89 75
Inventory Days 141 124 132 135 149 117 132 128 127 136 172 145
Days Payable 72 65 75 104 84 93 103 110 96 92 151 101
Cash Conversion Cycle 133 123 125 96 122 85 101 93 103 108 110 119
Working Capital Days 78 71 78 60 68 53 66 67 80 75 82 81
ROCE % 16% 18% 14% 15% 17% 20% 29% 28% 27% 16% 17% 20%

Shareholding Pattern

Numbers in percentages

4 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
49.53 49.53 49.53 49.53 49.53 49.53 49.53 49.53 49.53 49.53 49.69 49.69
7.65 7.69 8.87 8.94 8.87 9.78 10.88 11.14 11.33 11.73 11.70 11.74
17.56 18.21 18.09 18.10 18.56 18.27 17.63 17.37 17.61 17.48 17.68 17.71
25.26 24.57 23.51 23.43 23.04 22.42 21.95 21.95 21.53 21.25 20.93 20.86

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