Sundram Fasteners

₹1056 -13.1 | 1.2%

WEBSITE BSE:500403 NSE : SUNDARAM FAS 26 Dec, 16:01

Market Cap ₹22190 Cr.

Stock P/E 42.2

P/B 6.4

Current Price ₹1056

Book Value ₹ 164.9

Face Value 1

52W High ₹1504.1

Dividend Yield 0.65%

52W Low ₹ 1002.1

Edit Ratio

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.

Sundram Fasteners Share Price

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Peer Comparison

Sundram Fasteners Quarterly Results

#(Fig in Cr.)	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018
Net Sales	848	846	818	853	955
Other Income	1	12	8	1	14
Total Income	849	859	827	854	968
Total Expenditure	712	699	665	703	789
Operating Profit	137	160	162	151	179
Interest	0	10	16	0	8
Depreciation	19	25	24	24	25
Exceptional Income / Expenses	-2	0	0	0	0
Profit Before Tax	116	125	122	127	146
Provision for Tax	28	35	32	35	51
Profit After Tax	88	90	90	92	95
Adjustments	-88	-90	-90	-92	-95
Profit After Adjustments	0	0	0	0	0
Adjusted Earnings Per Share	4.2	4.3	4.3	4.4	4.5

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	2022	2386	2601	2947	3420	3990	3125	3065	4173	4922	4906	3472
Other Income	49	23	35	13	30	30	20	23	26	30	47	35
Total Income	2071	2409	2635	2960	3449	4020	3145	3088	4198	4951	4953	3508
Total Expenditure	1766	2052	2216	2407	2798	3251	2577	2483	3446	4154	4128	2856
Operating Profit	305	357	419	553	651	769	568	606	752	797	825	652
Interest	59	81	60	36	33	39	44	21	13	25	18	34
Depreciation	76	88	92	90	98	110	137	147	153	157	168	98
Exceptional Income / Expenses	-10	-10	-46	-2	0	0	-11	0	-30	0	0	0
Profit Before Tax	160	177	221	425	520	620	376	438	556	615	639	520
Provision for Tax	39	42	7	109	152	184	62	110	149	152	159	153
Profit After Tax	121	135	214	315	367	436	314	328	407	464	480	367
Adjustments	0	0	0	0	0	0	0	0	0	0	0	-367
Profit After Adjustments	121	135	214	315	367	436	314	328	407	464	480	0
Adjusted Earnings Per Share	5.8	6.4	10.2	15	17.5	20.8	14.9	15.6	19.4	22.1	22.8	17.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-0%	17%	4%	9%
Operating Profit CAGR	4%	11%	1%	10%
PAT CAGR	3%	14%	2%	15%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-14%	7%	18%	19%
ROE Average	16%	16%	16%	19%
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	776	859	1038	1313	1589	1908	2017	2333	2545	2907	3279
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	229	134	167	99	98	207	226	183	114	41	0
Other Non-Current Liabilities	94	89	59	77	134	161	130	134	134	147	156
Total Current Liabilities	752	956	917	957	959	1120	858	840	964	964	963
Total Liabilities	1850	2038	2181	2447	2780	3396	3232	3490	3757	4058	4398
Fixed Assets	782	795	810	917	1034	1347	1570	1564	1557	1655	1714
Other Non-Current Assets	281	291	428	500	537	610	539	582	571	570	723
Total Current Assets	787	952	934	1031	1209	1440	1122	1344	1629	1834	1961
Total Assets	1850	2038	2181	2447	2780	3396	3232	3490	3757	4058	4398

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	11	10	6	2	6	11	8	12	13	14	32
Cash Flow from Operating Activities	386	99	457	244	413	408	660	414	366	396	529
Cash Flow from Investing Activities	-134	-94	-152	-207	-194	-494	-304	-129	-141	-207	-347
Cash Flow from Financing Activities	-253	-7	-309	-33	-217	82	-352	-284	-224	-171	-202
Net Cash Inflow / Outflow	-2	-2	-4	4	2	-3	4	1	1	18	-20
Closing Cash & Cash Equivalent	10	8	2	6	8	8	12	13	14	32	11

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	6.44	10.18	15.02	17.49	20.76	14.95	15.62	19.39	22.07	22.83
CEPS(Rs)	9.39	10.64	14.55	19.29	22.16	26.01	21.44	22.6	26.67	29.56	30.84
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)	36.91	40.88	48.98	62.5	75.63	90.83	96	111.04	121.15	138.35	156.08
Core EBITDA Margin(%)	11.75	13.01	13.68	17.03	17.9	18.53	17.53	19	17.41	15.31	15.59
EBIT Margin(%)	10.02	10.08	10.02	14.53	15.93	16.51	13.45	14.98	13.65	12.77	13.16
Pre Tax Margin(%)	7.33	6.91	7.87	13.39	14.97	15.53	12.05	14.29	13.32	12.27	12.8
PAT Margin (%)	5.54	5.28	7.62	9.95	10.58	10.93	10.05	10.71	9.77	9.25	9.61
Cash Profit Margin (%)	9.05	8.72	10.88	12.78	13.41	13.7	14.42	15.49	13.43	12.39	12.98
ROA(%)	6.54	6.96	10.14	13.63	14.06	14.12	9.48	9.76	11.24	11.87	11.35
ROE(%)	16.45	16.56	22.67	26.94	25.32	24.94	16	15.09	16.71	17.01	15.51
ROCE(%)	14.98	17.03	17.54	26.04	27.05	27.1	15.51	16.7	19.65	20.16	18.78
Receivable days	70.2	57.59	56.13	58.98	65.28	65.88	76.05	74.71	67.96	64.96	72.81
Inventory Days	51.17	47.06	47.87	43.66	44.12	46.06	61.52	62.62	54.68	53.66	57.69
Payable days	78.64	81.02	88.95	95.35	87.22	81.16	95.41	109.95	93.54	73.18	73.56
PER(x)	10.9	26.94	16.78	26.03	31.55	27.26	19.49	51.28	46.29	44.34	47.84
Price/Book(x)	1.7	4.24	3.49	6.25	7.3	6.23	3.03	7.21	7.41	7.07	7
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)	0.97	1.84	1.6	3	3.55	3.18	2.18	5.63	4.62	4.26	4.75
EV/Core EBITDA(x)	6.43	12.3	9.92	15.96	18.65	16.49	11.97	28.51	25.65	26.3	28.24
Net Sales Growth(%)	-2.28	17.97	9.01	13.33	16.03	16.68	-21.69	-1.91	36.13	17.95	-0.32
EBIT Growth(%)	2.42	18.31	8.94	63.7	20.01	19.07	-36.19	9.24	24.02	12.4	2.68
PAT Growth(%)	27.17	11.94	58.14	47.42	16.48	18.7	-28	4.49	24.17	13.81	3.44
EPS Growth(%)	27.17	11.94	58.14	47.44	16.48	18.7	-28	4.49	24.17	13.81	3.44
Debt/Equity(x)	0.84	0.87	0.56	0.48	0.35	0.42	0.34	0.2	0.18	0.15	0.11
Current Ratio(x)	1.05	1	1.02	1.08	1.26	1.29	1.31	1.6	1.69	1.9	2.04
Quick Ratio(x)	0.66	0.61	0.62	0.67	0.79	0.79	0.73	0.93	0.97	1.09	1.21
Interest Cover(x)	3.73	3.18	4.66	12.69	16.54	16.91	9.58	21.89	42.52	25.98	36.52
Total Debt/Mcap(x)	0.49	0.21	0.16	0.08	0.05	0.07	0.11	0.03	0.02	0.02	0.02

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

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	10.44	10.19	10.19	10.19	10.19	10.19	10.19	10.19	10.19	9.86
FII	2.47	2.47	2.45	2.45	2.51	2.7	2.63	2.65	2.76	2.79
DII	3.72	3.93	3.94	3.95	3.92	3.76	3.88	3.92	3.93	4.27
Public	4.38	4.42	4.42	4.42	4.39	4.36	4.31	4.26	4.13	4.09
Others	0	0	0	0	0	0	0	0	0	0
Total	21.01	21.01	21.01	21.01	21.01	21.01	21.01	21.01	21.01	21.01

Pros

Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 46.95%.
Debtor days have increased from 73.18 to 73.56days.
Stock is trading at 6.4 times its book value.
The company has delivered a poor profit growth of 1% 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.

Sundram Fasteners News

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Sundram Fasteners

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Sundram Fasteners Research see more...

Overview Inc. Year: 1962Industry: Fasteners

Sundram Fasteners Share Price

Alert Data

Quarterly Price

Peer Comparison

Sundram Fasteners Quarterly Results

Sundram Fasteners Profit & Loss

Growth Rates

Sundram Fasteners Balance Sheet

Sundram Fasteners Cash Flow

Sundram Fasteners Ratios

Sundram Fasteners Shareholding Pattern

Sundram Fasteners News

IPO

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