Sundaram Brake Linings Ltd Stock Analysis

BSE: 590072 | NSE: SUNDRMBRAK | Auto Ancillary | Small Cap

BSE Share Price Jun 30, 18:01
319.25 0.00 (0.00%)

DeciZen - Make an Informed Decision on Sundaram BrakeLining

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

FAQs

1. Is Sundaram Brake Linings Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Sundaram Brake Linings Ltd is a below average quality company.

2. Is Sundaram Brake Linings Ltd undervalued or overvalued?

The key valuation ratios of Sundaram Brake Linings Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Sundaram Brake Linings Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sundaram Brake Linings Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Sundaram BrakeLining:

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.
Sundaram Brake Linings Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 8.8%-2%-5.3%-9.7%0.4%3.2%4.3%6.7%2.8%5.7%-
Value Creation Index -0.4-1.1-1.4-1.7-1.0-0.8-0.7-0.5-0.8-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 256232247237228228247286258237295
YoY Gr. Rt. %--9.4%6.5%-4.1%-3.8%0%8.6%15.9%-9.8%-8.3%-
Adj EPS 23.5-12.2-23.1-37.9-42.9714.43.713.50.2
YoY Gr. Rt. %--152%NANANANA136.4%106.5%-74.6%269%-
BVPS (₹) 244.5233.3220.1177.5176.5180.4189.7208.4213.4229.2230.4
Adj Net Profit 9.2-4.8-9.1-14.9-1.61.22.75.71.45.30
Cash Flow from Ops. 7.74.28.3-18.419.34.22.517.2-3.9-
Debt/CF from Ops. 5.39.85.5-54.15.71.77.213.31.4-7.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -0.9%0.8%-1.4%-8.3%
Adj EPS -6%NA24.7%269%
BVPS -0.75.46.57.4
Share Price 7.3% -8.3% 0.4% -25.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 9.6-5.1-10.2-19.1-2.31.73.87.21.76.10.1
Op. Profit Mgn % 8.62.42.10.32.93.82.942.33.40.8
Net Profit Mgn % 3.6-2.1-3.7-6.3-0.70.51.120.62.20
Debt to Equity 0.40.50.50.70.70.50.40.40.30.30
Working Cap Days 103119122132139133134138157166136
Cash Conv. Cycle 5973727461637476868730

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 24.68%

Sales growth is good in last 4 quarters at 36.76%

Return on Equity has declined versus last 3 years average to 0.10%

Sales growth has been subdued in last 3 years -1.39%

Latest Financials - Sundaram Brake Linings Ltd.

Standalone Consolidated
TTM EPS (₹) 0.2 -
TTM Sales (₹ Cr.) 295 -
BVPS (₹.) 230.4 -
Reserves (₹ Cr.) 87 -
P/BV 1.39 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 297.00 / 489.95
All Time Low / High (₹) 88.09 / 836.45
Market Cap (₹ Cr.) 126
Equity (₹ Cr.) 3.9
Face Value (₹) 10
Industry PE 33

Management X-Ray of Sundaram BrakeLining :

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

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News

About Sundaram Brake Linings Ltd

Established in 1976 as a joint venture with a world famous friction materials manaufacturer, Sundaram Brake Linings (SBL) a TVS Group company is now a fully Indian owned company manufacturing automotive, non-automotive and industrial friction materials. SBL products are extensivley used in commercial vehicles, passenger cars, tractors (agricultural) and motor cycles.

Nine decades ago (1912), TVS - T.V. Sundaram Iyengar started one of the earliest rural bus services in India. Today, the TVS group has 30 companies with a combined turnover of US$ 2.5 billion with 25,000 employees. All the companies are professionally run under the TVS Board's guidelines. The core strength of TVS is manufacture of auto components for the automobile / tractor Industry. TVS has diverse activities such as commercial vehicle & passenger car distribution / servicing, cargo transportation & logistics, spare parts distribution through more than 140 fully-owned outlets spread throughout India. TVS also manufactures motor cycles, sewing needles and computer peripherals.

SBL has four manufacturing plants with two plants dedicated exclusively to manufacturing asbestos-free brake linings and pads. The combined production capacity of all four manufacturing plants exceeds 1.2 million brake blocks per month. SBL also manufactures asbestos-free woven clutch facings, disc pads, flexible rolls, and insitu bonded shoes

All manufacturing plants are strategically located near major Indian ports to improve the turnaround time in servicing global customers. SBL exports to more than 69 countries catering to the after market needs of international applications like Mercedes Benz, Volvo, Scania, Renault etc. SBL is also the preferred supplier to some of the well known axle manufacturers as original equipment

SBL products have been tested to meet European ECE-R90, American FMVSS 121, Australian ADR 35/38, South African SABS 1506 requirements besides the Indian IS 11852.

SBL has the singular distinction of being the first friction material manufacturer in the world to win the coveted Deming Application Prize for practising Total Quality Management (TQM). Besides SBL, the other group companies that have received the Deming Application Prize are Sundaram Clayton, TVS Motor Company, Brakes India (Foundry Division) and Lucas – TVS.

Product range of the company includes:

Sundaram Brake Linings Limited is mainly engaged in manufacture of friction materials.

  • Brake linings
  • Break Pads
  • Disk Brake pads,
  • Clutches
  • Parts.

Achievements/ recognition:

  • 1998-99 ACMA Productivity Award.
  • 1990-91 & 89-90: Productivity Award from Chief Inspector of Factories, Governmentof Tamil Nadu
  • SBL is a ISO / TS 16949 and ISO-14001 certified company.
  • 1988-89: Productivity Award from the National Productivity Council
  • 1988-89: Certificate of Merit for outstanding Export Performance from Ministry of Commerce, Government of India
  • 1993-94: National Award from DSIR,New Delhi
  • 1991-92:Technology Award fromACMA, India
  • 1989-90: National Award for Technology Department from DGTD, New Delhi
  • First friction material company in the world to win the Deming Application Prize.
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