TVS Holdings Ltd
Sundaram Clayton Ltd was incorporated in Chennai in 1962 and is part of the TVS group, led by Mr. Venu Srinivasan. It is engaged in the business of manufacturing and distributing aluminum die castings. [1] Sundaram Clayton manufactures non-ferrous gravity and pressure die castings.
- Market Cap ₹ 12,132 Cr.
- Current Price ₹ 5,997
- High / Low ₹ 6,170 / 2,825
- Stock P/E 17.6
- Book Value ₹ 1,190
- Dividend Yield 0.98 %
- ROCE 11.9 %
- ROE 14.8 %
- Face Value ₹ 5.00
Pros
- Company has been maintaining a healthy dividend payout of 18.3%
Cons
- Stock is trading at 5.04 times its book value
- Company has a low return on equity of 12.9% over last 3 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.
Peer comparison
Sector: Castings, Forgings & Fastners Industry: Castings & Forgings
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
8,297 | 8,226 | 9,344 | 11,340 | 12,464 | 13,498 | 17,512 | 21,548 | 19,859 | 20,299 | 25,591 | 33,564 | 36,877 | |
7,737 | 7,704 | 8,762 | 10,622 | 11,506 | 12,494 | 15,973 | 19,205 | 17,446 | 17,911 | 22,599 | 29,356 | 32,171 | |
Operating Profit | 561 | 522 | 582 | 717 | 959 | 1,004 | 1,539 | 2,343 | 2,412 | 2,388 | 2,992 | 4,209 | 4,706 |
OPM % | 7% | 6% | 6% | 6% | 8% | 7% | 9% | 11% | 12% | 12% | 12% | 13% | 13% |
46 | 133 | 68 | 98 | 102 | 171 | 121 | 28 | -8 | 38 | 22 | 215 | 392 | |
Interest | 130 | 148 | 115 | 99 | 102 | 88 | 372 | 719 | 910 | 929 | 985 | 1,424 | 1,766 |
Depreciation | 206 | 226 | 214 | 238 | 317 | 377 | 447 | 534 | 649 | 643 | 845 | 986 | 1,042 |
Profit before tax | 270 | 282 | 320 | 478 | 641 | 710 | 841 | 1,118 | 845 | 854 | 1,184 | 2,013 | 2,290 |
Tax % | 38% | 31% | 40% | 29% | 26% | 23% | 25% | 33% | 26% | 31% | 30% | 34% | |
166 | 196 | 194 | 345 | 472 | 547 | 629 | 750 | 627 | 592 | 824 | 1,333 | 1,480 | |
EPS in Rs | 43.84 | 97.89 | 69.92 | 105.01 | 144.49 | 163.47 | 167.39 | 213.93 | 166.89 | 160.24 | 218.19 | 321.61 | 347.40 |
Dividend Payout % | 10% | 21% | 37% | 18% | 28% | 19% | 9% | 17% | 19% | 16% | 20% | 18% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 14% |
3 Years: | 19% |
TTM: | 21% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 12% |
3 Years: | 20% |
TTM: | 8% |
Stock Price CAGR | |
---|---|
10 Years: | 36% |
5 Years: | 16% |
3 Years: | 54% |
1 Year: | 36% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 14% |
3 Years: | 13% |
Last Year: | 15% |
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 | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Reserves | 689 | 885 | 1,111 | 1,278 | 1,513 | 1,857 | 2,141 | 2,464 | 2,453 | 2,894 | 5,069 | 3,231 | 2,393 |
1,679 | 1,482 | 1,090 | 1,497 | 1,461 | 1,665 | 7,593 | 10,022 | 12,314 | 12,853 | 16,593 | 25,789 | 26,403 | |
1,834 | 1,907 | 2,345 | 2,740 | 3,233 | 3,785 | 5,016 | 5,674 | 5,835 | 7,551 | 8,662 | 10,093 | 14,087 | |
Total Liabilities | 4,212 | 4,283 | 4,555 | 5,525 | 6,216 | 7,317 | 14,761 | 18,170 | 20,612 | 23,309 | 30,334 | 39,123 | 42,893 |
1,772 | 1,980 | 1,909 | 2,040 | 2,468 | 2,851 | 3,627 | 4,030 | 4,460 | 4,850 | 6,339 | 6,931 | 6,081 | |
CWIP | 270 | 48 | 57 | 102 | 69 | 101 | 396 | 756 | 1,017 | 1,050 | 560 | 821 | 314 |
Investments | 358 | 410 | 499 | 601 | 1,055 | 1,333 | 607 | 618 | 472 | 673 | 644 | 1,022 | 1,140 |
1,812 | 1,845 | 2,090 | 2,782 | 2,624 | 3,032 | 10,131 | 12,766 | 14,663 | 16,735 | 22,790 | 30,348 | 35,357 | |
Total Assets | 4,212 | 4,283 | 4,555 | 5,525 | 6,216 | 7,317 | 14,761 | 18,170 | 20,612 | 23,309 | 30,334 | 39,123 | 42,893 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
482 | 459 | 567 | 138 | 1,075 | 838 | 324 | -710 | 458 | 1,215 | -1,548 | -4,111 | |
-492 | -114 | -22 | -461 | -715 | -818 | -1,379 | -1,324 | -1,055 | -979 | -1,705 | -1,439 | |
13 | -395 | -474 | 179 | -373 | -61 | 1,198 | 2,085 | 1,795 | 261 | 3,116 | 5,979 | |
Net Cash Flow | 4 | -50 | 71 | -144 | -13 | -40 | 143 | 51 | 1,199 | 496 | -137 | 429 |
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 | 17 | 20 | 20 | 19 | 19 | 23 | 27 | 29 | 29 | 22 | 20 | 16 |
Inventory Days | 55 | 55 | 49 | 58 | 48 | 55 | 44 | 41 | 42 | 46 | 44 | 40 |
Days Payable | 55 | 63 | 67 | 77 | 76 | 83 | 94 | 84 | 96 | 125 | 107 | 93 |
Cash Conversion Cycle | 17 | 13 | 3 | -0 | -8 | -5 | -22 | -14 | -25 | -57 | -44 | -37 |
Working Capital Days | 2 | 6 | 2 | 15 | -0 | 2 | 37 | 59 | 47 | 71 | 81 | 94 |
ROCE % | 15% | 12% | 15% | 18% | 20% | 19% | 16% | 15% | 12% | 11% | 11% | 12% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 27 Nov
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Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
23 Nov - Compliance under Regulation 30A of the SEBI (LODR) Regulations, 2015
- Announcement under Regulation 30 (LODR)-Credit Rating 7 Nov
- Unaudited Financial Results For The Quarter Ended 30Th September 2023 30 Oct
- Announcement under Regulation 30 (LODR)-Newspaper Publication 27 Oct
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 2011
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Financial Year 2010
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Brand Reputation
TVS Holdings Limited (Formerly known as Sundaram Clayton Limited) is one of the largest auto components manufacturing and distribution groups in India. TVSH is a leading supplier of aluminum die castings to the automotive and non-automotive sectors. [1]