Sundram Fasteners Ltd

Sundram Fasteners Ltd

₹ 1,139 -0.74%
03 Dec - 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, 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]

  • Market Cap 23,928 Cr.
  • Current Price 1,139
  • High / Low 1,506 / 1,002
  • Stock P/E 46.8
  • Book Value 165
  • Dividend Yield 0.60 %
  • ROCE 18.8 %
  • ROE 15.5 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 34.3%

Cons

  • Promoter holding has decreased over last quarter: -1.56%

* 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,063 1,024 1,146 1,240 1,218 1,227 1,236 1,217 1,232 1,179 1,278 1,310 1,289
863 848 979 1,031 1,033 1,048 1,041 1,021 1,031 1,002 1,074 1,089 1,075
Operating Profit 200 176 167 208 186 179 195 196 201 177 204 221 214
OPM % 19% 17% 15% 17% 15% 15% 16% 16% 16% 15% 16% 17% 17%
1 4 -19 7 8 9 6 2 5 24 17 2 11
Interest 2 3 4 5 4 6 9 6 4 3 5 4 5
Depreciation 38 38 39 39 39 40 39 41 43 42 42 42 44
Profit before tax 161 138 105 171 149 142 154 151 158 156 174 177 176
Tax % 25% 25% 32% 24% 25% 25% 24% 25% 25% 25% 24% 26% 26%
120 103 71 130 112 106 117 113 118 116 133 132 131
EPS in Rs 5.72 4.92 3.40 6.19 5.32 5.05 5.55 5.37 5.63 5.53 6.31 6.26 6.22
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,069 2,022 2,386 2,601 2,947 3,420 3,990 3,125 3,065 4,173 4,922 4,906 5,056
1,797 1,766 2,052 2,285 2,406 2,799 3,250 2,576 2,483 3,445 4,153 4,126 4,240
Operating Profit 272 256 334 316 541 621 740 548 582 728 768 780 816
OPM % 13% 13% 14% 12% 18% 18% 19% 18% 19% 17% 16% 16% 16%
12 38 13 172 10 29 29 9 17 -5 29 45 54
Interest 81 59 81 60 36 33 39 44 14 13 25 18 17
Depreciation 72 76 88 206 90 98 110 137 147 153 157 168 170
Profit before tax 132 160 177 221 425 520 620 376 438 556 615 639 683
Tax % 28% 24% 24% 3% 26% 29% 30% 17% 25% 27% 25% 25%
95 121 135 214 315 367 436 314 328 407 464 480 511
EPS in Rs 4.52 5.75 6.44 10.18 15.01 17.49 20.76 14.95 15.62 19.39 22.07 22.83 24.32
Dividend Payout % 31% 30% 27% 21% 30% 26% 25% 28% 30% 34% 39% 30%
Compounded Sales Growth
10 Years: 9%
5 Years: 4%
3 Years: 17%
TTM: 3%
Compounded Profit Growth
10 Years: 14%
5 Years: 2%
3 Years: 14%
TTM: 13%
Stock Price CAGR
10 Years: 20%
5 Years: 20%
3 Years: 10%
1 Year: -10%
Return on Equity
10 Years: 19%
5 Years: 16%
3 Years: 17%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 21 21 21 21 21 21 21 21 21 21 21 21 21
Reserves 673 755 838 1,017 1,292 1,568 1,887 1,996 2,312 2,524 2,886 3,258 3,444
795 651 751 572 626 562 801 706 466 466 445 383 592
356 423 429 571 508 629 687 508 691 745 707 736 734
Total Liabilities 1,845 1,850 2,038 2,181 2,447 2,780 3,396 3,232 3,490 3,757 4,058 4,398 4,791
708 782 795 810 917 1,035 1,347 1,571 1,564 1,558 1,655 1,715 1,792
CWIP 21 21 15 54 50 32 83 87 105 100 46 154 232
Investments 132 123 117 309 321 359 350 310 337 323 345 376 384
984 924 1,111 1,008 1,159 1,355 1,616 1,263 1,484 1,776 2,012 2,153 2,383
Total Assets 1,845 1,850 2,038 2,181 2,447 2,780 3,396 3,232 3,490 3,757 4,058 4,398 4,791

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
219 386 99 457 244 413 408 660 414 366 396 529
-65 -134 -94 -152 -207 -194 -494 -304 -129 -141 -207 -347
-150 -253 -7 -309 -33 -217 82 -352 -284 -224 -171 -202
Net Cash Flow 4 -2 -2 -4 4 2 -3 4 1 1 18 -20

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 76 73 62 65 70 72 70 63 85 73 70 78
Inventory Days 121 118 136 124 125 119 124 139 164 140 127 135
Days Payable 65 87 83 101 95 95 84 83 133 95 70 74
Cash Conversion Cycle 132 103 115 88 100 97 109 119 116 118 128 139
Working Capital Days 103 71 76 54 64 65 83 84 91 86 91 101
ROCE % 14% 16% 18% 20% 26% 27% 27% 16% 16% 21% 20% 19%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
49.53% 49.69% 49.69% 48.51% 48.51% 48.51% 48.51% 48.51% 48.51% 48.51% 48.51% 46.94%
11.73% 11.70% 11.74% 11.75% 11.67% 11.65% 11.95% 12.83% 12.51% 12.59% 13.15% 13.26%
17.48% 17.68% 17.71% 18.72% 18.76% 18.81% 18.64% 17.89% 18.47% 18.63% 18.68% 20.34%
21.25% 20.93% 20.86% 21.03% 21.04% 21.03% 20.91% 20.76% 20.51% 20.26% 19.65% 19.45%
No. of Shareholders 65,77965,84766,18066,80266,61169,59270,04272,80873,81571,61070,54971,961

* 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.

Click on the line-items to see the names of individual entities.

Documents

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