Sundram Fasteners Ltd

₹ 1,393 2.62%

02 Jul - 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]

Website BSE NSE

Market Cap ₹ 29,265 Cr.
Current Price ₹ 1,393
High / Low ₹ 1,408 / 1,002
Stock P/E 56.1
Book Value ₹ 163
Dividend Yield 0.49 %
ROCE 18.5 %
ROE 16.2 %
Face Value ₹ 1.00

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Pros

Company has been maintaining a healthy dividend payout of 31.3%

Cons

Stock is trading at 8.56 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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	1,273	1,112	1,242	1,208	1,340	1,410	1,402	1,403	1,448	1,411	1,422	1,367	1,466
	1,036	912	1,024	1,017	1,148	1,185	1,197	1,207	1,221	1,184	1,191	1,166	1,238
Operating Profit	237	200	218	191	192	226	205	196	227	226	231	201	228
OPM %	19%	18%	18%	16%	14%	16%	15%	14%	16%	16%	16%	15%	16%
	4	17	2	10	10	12	10	20	4	5	7	31	11
Interest	7	8	6	7	8	9	8	10	13	10	7	7	8
Depreciation	45	47	47	47	50	49	49	50	50	52	54	54	53
Profit before tax	189	163	167	147	144	180	157	156	168	169	176	172	178
Tax %	25%	26%	26%	25%	25%	23%	26%	25%	24%	24%	24%	25%	25%
	141	120	124	110	107	138	117	118	127	129	133	129	134
EPS in Rs	6.70	5.69	5.83	5.14	5.07	6.47	5.49	5.57	6.01	6.07	6.28	6.12	6.36
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	2,651	2,736	3,156	3,255	3,303	3,855	4,558	3,723	3,644	4,902	5,663	5,666
	2,401	2,447	2,781	3,012	2,712	3,173	3,756	3,130	2,980	4,101	4,809	4,780
Operating Profit	250	289	375	243	590	681	802	594	664	801	853	887
OPM %	9%	11%	12%	7%	18%	18%	18%	16%	18%	16%	15%	16%
	71	49	17	85	12	22	26	27	27	39	45	54
Interest	90	68	94	73	39	37	46	58	26	29	40	32
Depreciation	94	102	116	116	104	112	129	170	180	191	198	213
Profit before tax	138	169	182	139	459	554	652	393	486	621	661	696
Tax %	32%	28%	28%	10%	26%	30%	30%	17%	25%	26%	24%	24%
	93	121	132	125	338	388	459	327	363	462	500	526
EPS in Rs	4.42	5.75	6.25	6.00	16.06	18.40	21.77	15.46	17.09	21.74	23.54	24.83
Dividend Payout %	32%	30%	28%	36%	28%	25%	23%	27%	27%	30%	37%	28%

Compounded Sales Growth
10 Years:	8%
5 Years:	4%
3 Years:	16%
TTM:	0%

Compounded Profit Growth
10 Years:	16%
5 Years:	3%
3 Years:	14%
TTM:	7%

Stock Price CAGR
10 Years:	30%
5 Years:	22%
3 Years:	19%
1 Year:	13%

Return on Equity
10 Years:	20%
5 Years:	17%
3 Years:	17%
Last Year:	16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	21	21	21	21	21	21	21	21	21	21	21	21
Reserves	685	780	858	933	1,215	1,510	1,849	1,975	2,326	2,600	2,995	3,400
	858	733	874	602	701	700	995	917	710	772	730	647
	506	629	588	646	591	756	838	636	872	891	878	921
Total Liabilities	2,069	2,164	2,341	2,202	2,527	2,987	3,703	3,549	3,929	4,284	4,624	4,989
	908	1,007	1,019	917	1,031	1,156	1,621	1,910	1,921	1,948	2,029	2,100
CWIP	34	40	22	54	69	111	96	95	119	117	65	164
Investments	9	10	7	38	32	70	68	38	64	77	102	137
	1,119	1,106	1,294	1,193	1,395	1,650	1,918	1,506	1,825	2,142	2,428	2,588
Total Assets	2,069	2,164	2,341	2,202	2,527	2,987	3,703	3,549	3,929	4,284	4,624	4,989

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	274	427	106	595	244	456	457	718	454	401	469	589
	-106	-180	-127	-179	-237	-296	-595	-320	-200	-203	-234	-388
	-163	-244	20	-415	6	-167	127	-377	-270	-186	-214	-235
Net Cash Flow	6	4	-1	1	12	-6	-11	21	-16	12	21	-34

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	68	65	57	61	72	75	71	64	89	75	74	80
Inventory Days	132	135	149	117	132	128	127	136	172	145	135	147
Days Payable	75	104	84	93	103	110	96	92	151	101	79	83
Cash Conversion Cycle	125	96	122	85	101	93	103	108	110	119	130	144
Working Capital Days	78	60	68	53	66	67	80	75	91	88	94	105
ROCE %	14%	15%	17%	20%	29%	28%	27%	16%	17%	20%	19%

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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