Sundram Fasteners Ltd

Sundram Fasten. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sundram Fasteners Ltd

₹ 1,133 0.59%
08 May 10:26 a.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 ₹ 23,805 Cr.
  • Current Price ₹ 1,133
  • High / Low ₹ 1,341 / 1,002
  • Stock P/E 46.3
  • Book Value ₹ 153
  • Dividend Yield 0.59 %
  • ROCE 19.3 %
  • ROE 17.4 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 31.3%

Cons

  • Stock is trading at 7.36 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

Consolidated Figures in Rs. Crores / View Standalone

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
1,109 1,273 1,112 1,242 1,208 1,340 1,410 1,402 1,403 1,448 1,411 1,422 1,367
878 1,036 912 1,024 1,017 1,148 1,185 1,197 1,207 1,221 1,184 1,191 1,166
Operating Profit 230 237 200 218 191 192 226 205 196 227 226 231 201
OPM % 21% 19% 18% 18% 16% 14% 16% 15% 14% 16% 16% 16% 15%
10 4 17 2 10 10 12 10 20 4 5 7 31
Interest 5 7 8 6 7 8 9 8 10 13 10 7 7
Depreciation 45 45 47 47 47 50 49 49 50 50 52 54 54
Profit before tax 190 189 163 167 147 144 180 157 156 168 169 176 172
Tax % 24% 25% 26% 26% 25% 25% 23% 26% 25% 24% 24% 24% 25%
144 141 120 124 110 107 138 117 118 127 129 133 129
EPS in Rs 6.79 6.70 5.69 5.83 5.14 5.07 6.47 5.49 5.57 6.01 6.07 6.28 6.12
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
2,770 2,651 2,736 3,156 3,255 3,303 3,855 4,558 3,723 3,644 4,902 5,663 5,648
2,465 2,401 2,447 2,781 3,012 2,712 3,173 3,756 3,130 2,980 4,101 4,809 4,762
Operating Profit 305 250 289 375 243 590 681 802 594 664 801 853 885
OPM % 11% 9% 11% 12% 7% 18% 18% 18% 16% 18% 16% 15% 16%
30 71 49 17 85 12 22 26 27 27 39 45 46
Interest 98 90 68 94 73 39 37 46 58 26 29 40 37
Depreciation 84 94 102 116 116 104 112 129 170 180 191 198 210
Profit before tax 153 138 169 182 139 459 554 652 393 486 621 661 685
Tax % 34% 32% 28% 28% 10% 26% 30% 30% 17% 25% 26% 24%
101 93 121 132 125 338 388 459 327 363 462 500 519
EPS in Rs 4.74 4.42 5.75 6.25 6.00 16.06 18.40 21.77 15.46 17.09 21.74 23.54 24.48
Dividend Payout % 30% 32% 30% 28% 36% 28% 25% 23% 27% 27% 30% 37%
Compounded Sales Growth
10 Years: 8%
5 Years: 8%
3 Years: 15%
TTM: 2%
Compounded Profit Growth
10 Years: 19%
5 Years: 5%
3 Years: 15%
TTM: 8%
Stock Price CAGR
10 Years: 31%
5 Years: 16%
3 Years: 16%
1 Year: 7%
Return on Equity
10 Years: 20%
5 Years: 19%
3 Years: 17%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 621 685 780 858 933 1,215 1,510 1,849 1,975 2,326 2,600 2,995 3,193
893 858 733 874 602 701 700 995 917 710 772 730 593
504 506 629 588 646 591 756 838 636 872 891 878 886
Total Liabilities 2,039 2,069 2,164 2,341 2,202 2,527 2,987 3,703 3,549 3,929 4,284 4,624 4,694
849 908 1,007 1,019 917 1,031 1,156 1,621 1,910 1,921 1,948 2,029 1,980
CWIP 52 34 40 22 54 69 111 96 95 119 117 65 133
Investments 10 9 10 7 38 32 70 68 38 64 77 102 128
1,127 1,119 1,106 1,294 1,193 1,395 1,650 1,918 1,506 1,825 2,142 2,428 2,454
Total Assets 2,039 2,069 2,164 2,341 2,202 2,527 2,987 3,703 3,549 3,929 4,284 4,624 4,694

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
206 274 427 106 595 244 456 457 718 454 401 469
-182 -106 -180 -127 -179 -237 -296 -595 -320 -200 -203 -234
-20 -163 -244 20 -415 6 -167 127 -377 -270 -186 -214
Net Cash Flow 4 6 4 -1 1 12 -6 -11 21 -16 12 21

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 64 68 65 57 61 72 75 71 64 89 75 74
Inventory Days 124 132 135 149 117 132 128 127 136 172 145 135
Days Payable 65 75 104 84 93 103 110 96 92 151 101 79
Cash Conversion Cycle 123 125 96 122 85 101 93 103 108 110 119 130
Working Capital Days 71 78 60 68 53 66 67 80 75 91 88 94
ROCE % 17% 14% 15% 17% 20% 29% 28% 27% 16% 17% 20% 19%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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 68,13770,59265,77965,84766,18066,80266,61169,59270,04272,80873,81571,610

* 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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