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Sundram Fasteners

₹1056 -13.1 | 1.2%

Market Cap ₹22190 Cr.

Stock P/E 42.2

P/B 6.1

Current Price ₹1056

Book Value ₹ 173.2

Face Value 1

52W High ₹1504.1

Dividend Yield 0.65%

52W Low ₹ 1002.1

Sundram Fasteners Research see more...

Overview Inc. Year: 1962Industry: Fasteners

Sundram Fasteners Ltd is an India-based enterprise. The Company is engaged within the manufacture and sale of bolts and nuts, water and oil pumps, sintered merchandise, cold extruded additives, hot and warm solid components, radiator caps and other elements, that have programs in the main within the vehicle enterprise. Its product variety includes high-tensile fasteners, powder steel components, cold extruded elements, hot solid components, radiator caps, equipment shifters, gears and couplings, hubs and shafts, tappets and iron powder. Its high tensile fasteners product variety consists of wind electricity fasteners and automotive fasteners, amongst others. Its cold extrusion product range consists of gear blanks, transmission shafts, starter sleeves and pinions and fan hubs, among others. Its hot forged elements encompass connecting rods, crankshaft sprockets and stainless-steel turbocharger parts, amongst others. Its power train components consist of turbine shafts, output shafts and grasp hub, among others.

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Sundram Fasteners Share Price

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Peer Comparison

Sundram Fasteners Quarterly Results

#(Fig in Cr.) Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Net Sales 1410 1402 1403 1448 1411 1422 1367 1466 1498 1486
Other Income 12 10 20 4 5 7 31 11 5 13
Total Income 1422 1411 1423 1451 1415 1429 1398 1478 1503 1499
Total Expenditure 1185 1197 1207 1221 1184 1191 1166 1238 1251 1241
Operating Profit 237 214 216 230 231 238 232 240 252 258
Interest 9 8 10 13 10 7 7 8 7 9
Depreciation 49 49 50 50 52 54 54 53 54 56
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 180 157 157 168 169 176 172 178 192 193
Provision for Tax 42 40 38 40 41 43 42 44 49 49
Profit After Tax 138 117 118 127 129 133 129 134 143 144
Adjustments -2 -1 -1 -1 -1 -1 -1 -1 -1 -1
Profit After Adjustments 136 115 117 126 128 132 129 134 142 142
Adjusted Earnings Per Share 6.5 5.5 5.6 6 6.1 6.3 6.1 6.4 6.8 6.8

Sundram Fasteners Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 2736 3156 3255 3303 3855 4558 3723 3644 4902 5663 5666 5817
Other Income 49 17 62 15 23 27 28 34 39 45 54 60
Total Income 2785 3173 3317 3318 3878 4585 3751 3679 4941 5708 5720 5878
Total Expenditure 2447 2780 2871 2714 3174 3757 3130 2980 4101 4809 4780 4896
Operating Profit 338 392 446 605 705 827 621 698 841 898 941 982
Interest 68 94 73 39 38 46 58 33 29 40 32 31
Depreciation 102 116 116 105 112 129 170 180 191 198 213 217
Exceptional Income / Expenses -0 0 -118 -2 0 0 0 0 0 0 0 0
Profit Before Tax 169 182 139 459 554 652 393 486 621 661 696 735
Provision for Tax 48 50 14 120 166 193 67 123 159 160 170 184
Profit After Tax 121 132 125 338 388 459 327 363 462 500 526 550
Adjustments -0 -1 1 -1 -2 -1 -2 -4 -5 -6 -4 -4
Profit After Adjustments 121 131 126 338 387 457 325 359 457 495 522 547
Adjusted Earnings Per Share 5.7 6.2 6 16.1 18.4 21.8 15.5 17.1 21.7 23.5 24.8 26.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 16% 4% 8%
Operating Profit CAGR 5% 10% 3% 11%
PAT CAGR 5% 13% 3% 16%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -14% 7% 18% 19%
ROE Average 16% 18% 17% 20%
ROCE Average 19% 20% 18% 20%

Sundram Fasteners Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 801 879 954 1236 1531 1870 1996 2347 2621 3016 3421
Minority's Interest 4 10 9 7 8 8 8 11 15 18 21
Borrowings 247 203 176 150 218 340 325 265 237 141 81
Other Non-Current Liabilities 101 96 65 83 139 172 157 161 160 177 183
Total Current Liabilities 1011 1153 998 1051 1091 1313 1062 1145 1251 1273 1283
Total Liabilities 2164 2341 2202 2527 2987 3703 3549 3929 4284 4624 4988
Fixed Assets 1007 1019 917 1022 1148 1612 1901 1913 1940 2026 2097
Other Non-Current Assets 99 95 164 285 386 391 292 350 362 349 500
Total Current Assets 1058 1228 1109 1221 1454 1699 1355 1666 1982 2249 2391
Total Assets 2164 2341 2202 2527 2987 3703 3549 3929 4284 4624 4988

Sundram Fasteners Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 22 26 23 25 37 31 20 41 25 36 58
Cash Flow from Operating Activities 427 106 595 244 456 457 718 454 401 469 589
Cash Flow from Investing Activities -180 -127 -179 -236 -295 -596 -321 -198 -202 -234 -388
Cash Flow from Financing Activities -244 20 -415 6 -167 127 -377 -270 -186 -214 -235
Net Cash Inflow / Outflow 4 -1 1 13 -6 -12 20 -14 13 20 -34
Closing Cash & Cash Equivalent 26 25 24 37 31 20 41 25 36 58 23

Sundram Fasteners Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 5.75 6.25 6 16.06 18.4 21.77 15.46 17.1 21.74 23.55 24.83
CEPS(Rs) 10.61 11.79 11.49 21.07 23.82 27.97 23.63 25.82 31.06 33.24 35.17
DPS(Rs) 1.7 1.75 2.15 4.5 4.6 5.1 4.15 4.7 6.45 8.63 6.85
Book NAV/Share(Rs) 38.14 41.82 44.82 58.84 72.87 89 95 111.71 124.76 143.54 162.81
Core EBITDA Margin(%) 9.97 11.23 11.05 16.63 17.42 17.56 15.92 18.22 16.35 14.83 15.42
EBIT Margin(%) 8.13 8.28 6.09 14.05 15.14 15.32 12.12 14.23 13.26 12.17 12.65
Pre Tax Margin(%) 5.81 5.45 4 12.95 14.16 14.31 10.56 13.33 12.67 11.48 12.09
PAT Margin (%) 4.16 3.95 3.6 9.55 9.92 10.07 8.77 9.95 9.42 8.7 9.14
Cash Profit Margin (%) 7.68 7.41 6.95 12.5 12.8 12.9 13.33 14.88 13.31 12.14 12.85
ROA(%) 5.71 5.86 5.51 14.3 14.08 13.72 9.01 9.7 11.25 11.23 10.94
ROE(%) 16.03 15.71 13.74 31.05 28.05 26.99 16.89 16.7 18.59 17.75 16.33
ROCE(%) 15.25 16.84 12.85 28.6 28.42 27.41 15.7 17.54 20.29 19.74 18.73
Receivable days 61.46 53.24 54.27 61.6 67.55 67.29 75.38 76.95 70.39 68.18 75.89
Inventory Days 55.38 52.78 49.94 44.99 45.36 46.89 59.67 62.3 55.64 55.3 59.37
Payable days 90.17 90.25 87.42 100.92 98.01 92.14 104.33 124.77 102.95 81.61 83.63
PER(x) 10.91 27.78 28.48 24.33 29.99 25.99 18.84 46.85 41.3 41.57 44
Price/Book(x) 1.64 4.15 3.81 6.64 7.57 6.36 3.07 7.17 7.2 6.82 6.71
Dividend Yield(%) 2.71 1.01 1.26 1.15 0.83 0.9 1.42 0.59 0.72 0.88 0.63
EV/Net Sales(x) 0.74 1.42 1.28 2.69 3.18 2.82 1.87 4.79 3.99 3.74 4.16
EV/Core EBITDA(x) 5.98 11.45 9.34 14.68 17.4 15.55 11.21 25.02 23.25 23.58 25.02
Net Sales Growth(%) 3.21 15.35 3.13 1.48 16.71 18.24 -18.31 -2.12 34.51 15.52 0.06
EBIT Growth(%) 3.74 17.21 -23.52 135.04 19.01 17.93 -35.42 14.98 25.32 7.76 3.88
PAT Growth(%) 28.92 9.26 -5.25 170.37 14.78 18.24 -28.86 11.08 27.33 8.34 5.05
EPS Growth(%) 29.95 8.67 -3.96 167.81 14.54 18.35 -28.98 10.55 27.16 8.31 5.46
Debt/Equity(x) 0.91 0.99 0.64 0.57 0.46 0.53 0.44 0.29 0.29 0.23 0.18
Current Ratio(x) 1.05 1.06 1.11 1.16 1.33 1.29 1.28 1.46 1.58 1.77 1.86
Quick Ratio(x) 0.61 0.61 0.69 0.73 0.85 0.8 0.74 0.87 0.93 1.04 1.13
Interest Cover(x) 3.49 2.93 2.91 12.72 15.46 15.18 7.79 15.75 22.63 17.65 22.74
Total Debt/Mcap(x) 0.56 0.24 0.17 0.09 0.06 0.08 0.14 0.04 0.04 0.03 0.03

Sundram Fasteners Shareholding Pattern

# Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Promoter 49.69 48.51 48.51 48.51 48.51 48.51 48.51 48.51 48.51 46.95
FII 11.74 11.75 11.67 11.64 11.95 12.83 12.51 12.59 13.15 13.26
DII 17.71 18.71 18.77 18.81 18.63 17.89 18.47 18.63 18.69 20.34
Public 20.86 21.02 21.05 21.03 20.9 20.76 20.51 20.26 19.65 19.46
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 46.95%.
  • Debtor days have increased from 81.61 to 83.63days.
  • Stock is trading at 6.1 times its book value.
  • The company has delivered a poor profit growth of 2% over past five years.

* 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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