Sundram Fasteners Ltd Stock Analysis

BSE: 500403 | NSE: SUNDRMFAST | Fasteners | Mid Cap

BSE Share Price 31-Mar-2023 18:02
978.70 7.50 (0.77%)

DeciZen - Make an Informed Decision on Sundram Fasteners

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Sundram Fasteners Price Chart

P/E Ratio ( CD) :
43.29
Market Cap :
20,565.3 Cr.
52-wk low :
674.8
52-wk high :
1,033.5
Bole Toh?

1. Is Sundram Fasteners Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sundram Fasteners Ltd is a good quality company.

2. Is Sundram Fasteners Ltd undervalued or overvalued?

The key valuation ratios of Sundram Fasteners Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Sundram Fasteners Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Sundram Fasteners Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Sundram Fasteners:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sundram Fasteners Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 8.7%9.3%11.9%12.2%21.3%19.4%18.7%12.5%12.5%14.4%-
Value Creation Index -0.4-0.3-0.2-0.10.60.40.4-0.1-0.10.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,6512,7363,1563,2553,3033,8554,5583,7233,6444,9025,555
YoY Gr. Rt. %-3.2%15.4%3.1%1.5%16.7%18.2%-18.3%-2.1%34.5%-
Adj EPS 3.44.76.27.316.51821.215.216.621.122.6
YoY Gr. Rt. %-36%32.7%17.5%127.6%9.1%17.5%-28.3%9.1%27.4%-
BVPS (₹) 33.638.141.844.858.872.98995111.7124.8142.1
Adj Net Profit 71.897.8130152347378444319348443475
Cash Flow from Ops. 274427106595244456457718454401-
Debt/CF from Ops. 3.11.78.312.91.52.21.21.51.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.1%8.2%2.5%34.5%
Adj EPS 22.4%5%-0.1%27.4%
BVPS 15.716.211.911.7
Share Price 37.6% 12.1% 52.5% 7.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 10.71315.416.631.727.326.116.51617.816.9
Op. Profit Mgn % 10.110.61211.818.217.717.61618.216.414.7
Net Profit Mgn % 2.73.64.14.710.59.99.88.69.69.18.6
Debt to Equity 1.20.910.60.60.50.50.40.30.3-
Working Cap Days 1431371281271291391401641631440
Cash Conv. Cycle 847365646066698481760

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.90%

Sales growth is good in last 4 quarters at 15.26%

Sales growth has been subdued in last 3 years 2.46%

Net Profit has been subdued in last 3 years -0.11%

Latest Financials - Sundram Fasteners Ltd.

Standalone Consolidated
TTM EPS (₹) 20 22.6
TTM Sales (₹ Cr.) 4,831 5,555
BVPS (₹.) 137.8 142.1
Reserves (₹ Cr.) 2,874 2,964
P/BV 7.10 6.89
PE 49.03 43.29
From the Market
52 Week Low / High (₹) 674.80 / 1033.50
All Time Low / High (₹) 4.12 / 1033.50
Market Cap (₹ Cr.) 20,565
Equity (₹ Cr.) 21
Face Value (₹) 1
Industry PE 47.5

Management X-Ray of Sundram Fasteners :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sundram Fasteners

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Sundram Fasteners Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sundram Fasteners on 31-Mar-2023 18:02 is : 978.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Mar-2023 18:02 the market cap of Sundram Fasteners stood at ₹ 20,565.3.
The latest PE ratio of Sundram Fasteners as of 31-Mar-2023 18:02 is 49.03.
The latest PB ratio of Sundram Fasteners as of 31-Mar-2023 18:02 is 7.10
The 52-week high of Sundram Fasteners is ₹ 1,033.5 and the 52-week low is ₹ 674.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Sundram Fasteners is ₹ 4,831 ( Cr.) .

About Sundram Fasteners Ltd

Sundram Fasteners (SFL) was incorporated in 1962. It is a part of the $5 billion TVS Group, headquartered in Chennai, India. The company has established a track record of leadership over 40 years. With a diversified product line, world-class facilities in four countries and a motivated team of talented people, Sundram Fasteners has become a supplier of choice to leading customers in the automotive and industrial segments worldwide.

The product range consists of high-tensile fasteners, powder metal components, cold extruded parts, hot forged components, radiator caps, automotive pumps, gear shifters, gears and couplings, hubs and shafts, tappets and iron powder. Over the years, SFL has acquired cutting-edge technological competencies in forging, metal forming, close-tolerance machining, heat treatment, surface finishing and assembly. Manufacturing locations are supported by engineering and design personnel working on new product design and development. Understanding the global nature of business and the need to provide quality products on just-in-time basis to the customers, the company has established supply chain logistics networks spanning several continents. At Sundram Fasteners, growth is a natural outcome of total adherence to three core operating principles: customer orientation, total quality and ethical business practices.

Product of the company

  • Fasteners
  • Radiator Caps
  • Powder Metal Parts
  • Cold Extruded Parts
  • Hot Forged Parts
  • Pumps & Assemblies   

Awards / Recognition

  • The Krishnapuram unit won TPM Club of India Award for best Kaizens 2009.
  • Its Metal forms division won Frost & Sullivan India Manufacturing Excellence Gold Award in 2008-09.
  • SFL's Puducheri unit won ACMA Technology Award 2007-08 for excellence in Technology.
  • SFL was awarded the EEPC Export Award Silver Shield 2006-07 for Star Performer in Large Enterprises Category.
  • TPM Excellence Award from JIPM, Japan in 1998 (the second Indian company and the first in the engineering industry to get this recognition).
  • Only laboratory in India to meet the Fastener Quality Act specifications as certified by NAVLAP, an important accrediting agency.
  • QS9000 certification given to Radiator Caps Division and Metal Forms Division in 1997 by BVQI.
  • CII Outstanding Export Award in 1997.
  • ACMA Export Awards in 1998-99, 1993-94, 1996-97, 2003-04, 2004-05, 2005-06.
  • ACMA Productivity Award in 1995-96.
  • ACMA Quality Award given to SFL in 1991.
  • SFL received ISO 9002 certification from BVQI in 1990, the first Indian company to achieve this recognition.
  • National HRD Network Award given to SFL in the year 1989.
  • Company Standardization Commendation Award given to SFL by Institute of Standards Engineers in 1988.
  • Best Employer-Employee Relations Award to SFL from Rotary Club of Madras in 1988.
  • CEI Award for Excellence in HRD related areas given to SFL in 1987-88.
  • First Indian company to get ISO 9000 certification. 
  • ISO/TS 16949 certification.
  • ISO 14001 certification.
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