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Past 10 year's financial track record analysis by Moneyworks4me indicates that Sundram Fasteners Ltd is a good quality company.
The key valuation ratios of Sundram Fasteners Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Sundram Fasteners Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.9% | 12.2% | 21.3% | 19.4% | 18.7% | 12.5% | 12.5% | 14.4% | 14.1% | 13.4% | - |
| Value Creation Index ⓘ | -0.2 | -0.1 | 0.6 | 0.4 | 0.4 | -0.1 | -0.1 | 0.1 | 0.3 | 0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 3,156 | 3,255 | 3,303 | 3,855 | 4,558 | 3,723 | 3,644 | 4,902 | 5,663 | 5,666 | 5,666 |
| Sales YoY Gr. | - | 3.1% | 1.5% | 16.7% | 18.2% | -18.3% | -2.1% | 34.5% | 15.5% | 0.1% | - |
| Adj EPS ⓘ | 6.2 | 7.3 | 16.5 | 18 | 21.2 | 15.2 | 16.6 | 21.1 | 22.5 | 23.8 | 24.8 |
| YoY Gr. | - | 17.5% | 127.6% | 9.1% | 17.5% | -28.3% | 9.1% | 27.4% | 6.9% | 5.6% | - |
| BVPS (₹) ⓘ | 41.8 | 44.8 | 58.8 | 72.9 | 89 | 95 | 111.7 | 124.8 | 143.5 | 162.8 | 162.8 |
| Adj Net Profit ⓘ | 130 | 152 | 347 | 378 | 444 | 319 | 348 | 443 | 474 | 500 | 522 |
| Cash Flow from Ops. ⓘ | 106 | 595 | 244 | 456 | 457 | 718 | 454 | 401 | 469 | 589 | - |
| Debt/CF from Ops. ⓘ | 8.3 | 1 | 2.9 | 1.5 | 2.2 | 1.2 | 1.5 | 1.9 | 1.5 | 1.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 6.7% | 4.5% | 15.9% | 0.1% | ||||
| Adj EPS ⓘ | 16.2% | 2.4% | 12.9% | 5.6% | ||||
| BVPSⓘ | 16.3% | 12.8% | 13.4% | 13.4% | ||||
| Share Price | 29.3% | 26.2% | 24% | 16.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 15.4 | 16.6 | 31.7 | 27.3 | 26.1 | 16.5 | 16 | 17.8 | 16.8 | 15.5 | 15.3 |
| Op. Profit Mgn % ⓘ | 12 | 11.8 | 18.2 | 17.7 | 17.6 | 16 | 18.2 | 16.4 | 15.1 | 15.7 | 15.7 |
| Net Profit Mgn % ⓘ | 4.1 | 4.7 | 10.5 | 9.9 | 9.8 | 8.6 | 9.6 | 9.1 | 8.5 | 8.9 | 9.2 |
| Debt to Equity ⓘ | 1 | 0.6 | 0.6 | 0.5 | 0.5 | 0.4 | 0.3 | 0.3 | 0.2 | 0.2 | 0 |
| Working Cap Days ⓘ | 128 | 127 | 129 | 139 | 140 | 164 | 163 | 144 | 140 | 155 | 72 |
| Cash Conv. Cycle ⓘ | 65 | 64 | 60 | 66 | 69 | 84 | 81 | 76 | 82 | 94 | 34 |
Sales growth is growing at healthy rate in last 3 years 15.85%
Net Profit is growing at healthy rate in last 3 years 12.86%
Return on Equity has declined versus last 3 years average to 15.30%
Sales growth is not so good in last 4 quarters at 0.06%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 22.8 | 24.8 |
| TTM Sales (₹ Cr.) | 4,906 | 5,666 |
| BVPS (₹.) ⓘ | 156.1 | 162.8 |
| Reserves (₹ Cr.) ⓘ | 3,258 | 3,400 |
| P/BV ⓘ | 9.10 | 8.72 |
| PE ⓘ | 62.21 | 57.21 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1002.05 / 1504.10 |
| All Time Low / High (₹) | 4.12 / 1504.10 |
| Market Cap (₹ Cr.) | 29,845 |
| Equity (₹ Cr.) | 21 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 60 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,156 | 3,255 | 3,303 | 3,855 | 4,558 | 3,723 | 3,644 | 4,902 | 5,663 | 5,666 |
| Operating Expenses ⓘ | 2,780 | 2,871 | 2,714 | 3,174 | 3,757 | 3,130 | 2,980 | 4,101 | 4,809 | 4,780 |
| Manufacturing Costs | 832 | 840 | 881 | 1,017 | 1,155 | 933 | 943 | 1,263 | 1,467 | 1,532 |
| Material Costs | 1,288 | 1,322 | 1,241 | 1,492 | 1,857 | 1,526 | 1,427 | 2,061 | 2,490 | 2,357 |
| Employee Cost | 441 | 458 | 377 | 413 | 459 | 435 | 400 | 486 | 519 | 554 |
| Other Costs ⓘ | 219 | 251 | 215 | 251 | 286 | 237 | 211 | 290 | 334 | 337 |
| Operating Profit ⓘ | 376 | 384 | 589 | 681 | 800 | 593 | 664 | 801 | 853 | 887 |
| Operating Profit Margin (%) | 11.9% | 11.8% | 17.8% | 17.7% | 17.6% | 15.9% | 18.2% | 16.3% | 15.1% | 15.6% |
| Other Income ⓘ | 17 | 62 | 15 | 23 | 27 | 28 | 34 | 39 | 45 | 54 |
| Interest ⓘ | 94 | 73 | 39 | 38 | 46 | 58 | 33 | 29 | 40 | 32 |
| Depreciation ⓘ | 116 | 116 | 105 | 112 | 129 | 170 | 180 | 191 | 198 | 213 |
| Exceptional Items ⓘ | 0 | -118 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 182 | 139 | 459 | 554 | 652 | 393 | 486 | 621 | 661 | 696 |
| Tax ⓘ | 50 | 14 | 120 | 166 | 193 | 67 | 123 | 159 | 160 | 170 |
| Profit After Tax | 132 | 125 | 338 | 388 | 459 | 327 | 363 | 462 | 500 | 526 |
| PAT Margin (%) | 4.2% | 3.8% | 10.2% | 10.1% | 10.1% | 8.8% | 10.0% | 9.4% | 8.8% | 9.3% |
| Adjusted EPS (₹) | 6.3 | 6.0 | 16.1 | 18.4 | 21.8 | 15.5 | 17.1 | 21.7 | 23.6 | 24.8 |
| Dividend Payout Ratio (%) | 28% | 36% | 28% | 25% | 23% | 27% | 27% | 30% | 37% | 28% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 879 | 954 | 1,236 | 1,531 | 1,870 | 1,996 | 2,347 | 2,621 | 3,016 | 3,421 |
| Share Capital ⓘ | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 |
| Reserves ⓘ | 858 | 933 | 1,215 | 1,510 | 1,849 | 1,975 | 2,326 | 2,600 | 2,995 | 3,400 |
| Minority Interest | 10 | 9 | 7 | 8 | 8 | 8 | 11 | 15 | 18 | 21 |
| Debt | 745 | 563 | 620 | 601 | 979 | 844 | 597 | 657 | 612 | 572 |
| Long Term Debt | 203 | 176 | 150 | 218 | 340 | 325 | 265 | 237 | 141 | 81 |
| Short Term Debt | 542 | 387 | 470 | 383 | 639 | 519 | 332 | 420 | 472 | 491 |
| Trade Payables | 298 | 335 | 351 | 451 | 487 | 385 | 591 | 572 | 541 | 539 |
| Others Liabilities ⓘ | 409 | 340 | 314 | 397 | 359 | 315 | 383 | 419 | 437 | 435 |
| Total Liabilities ⓘ | 2,341 | 2,202 | 2,527 | 2,987 | 3,703 | 3,549 | 3,929 | 4,284 | 4,624 | 4,988 |
Fixed Assets | ||||||||||
| Gross Block | 2,149 | 1,811 | 1,228 | 1,463 | 2,052 | 2,510 | 2,702 | 2,916 | 3,193 | 3,461 |
| Accumulated Depreciation | 1,130 | 890 | 206 | 316 | 440 | 609 | 789 | 976 | 1,166 | 1,364 |
| Net Fixed Assetsⓘ | 1,019 | 921 | 1,022 | 1,148 | 1,612 | 1,901 | 1,913 | 1,940 | 2,026 | 2,097 |
| CWIP ⓘ | 22 | 54 | 69 | 111 | 96 | 95 | 119 | 117 | 65 | 164 |
| Investmentsⓘ | 7 | 28 | 32 | 70 | 68 | 38 | 64 | 77 | 102 | 137 |
| Inventories | 526 | 424 | 449 | 523 | 648 | 570 | 674 | 820 | 923 | 948 |
| Trade Receivables | 492 | 541 | 654 | 794 | 887 | 651 | 886 | 1,005 | 1,145 | 1,247 |
| Cash Equivalents | 25 | 27 | 40 | 35 | 25 | 46 | 39 | 71 | 87 | 35 |
| Others Assetsⓘ | 251 | 206 | 261 | 306 | 367 | 248 | 234 | 254 | 276 | 360 |
| Total Assets ⓘ | 2,341 | 2,202 | 2,527 | 2,987 | 3,703 | 3,549 | 3,929 | 4,284 | 4,624 | 4,988 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 106 | 595 | 244 | 456 | 457 | 718 | 454 | 401 | 469 | 589 |
| PBT ⓘ | 182 | 139 | 458 | 554 | 652 | 393 | 486 | 621 | 661 | 696 |
| Adjustment ⓘ | 220 | 265 | 155 | 148 | 184 | 228 | 196 | 212 | 225 | 235 |
| Changes in Working Capital ⓘ | -233 | 242 | -259 | -124 | -208 | 203 | -115 | -267 | -259 | -190 |
| Tax Paid ⓘ | -63 | -51 | -110 | -122 | -171 | -107 | -113 | -165 | -158 | -152 |
| Cash Flow From Investing Activity ⓘ | -127 | -179 | -236 | -295 | -596 | -321 | -198 | -202 | -234 | -388 |
| Capex | -133 | -188 | -236 | -300 | -594 | -326 | -188 | -199 | -228 | -398 |
| Net Investments | -4 | -3 | -4 | -1 | -5 | 2 | -16 | -6 | -11 | 6 |
| Others ⓘ | 10 | 13 | 4 | 6 | 3 | 3 | 6 | 3 | 5 | 5 |
| Cash Flow From Financing Activityⓘ | 20 | -415 | 6 | -167 | 127 | -377 | -270 | -186 | -214 | -235 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 4 | -114 | 93 | -7 | -100 | -14 | -14 | -31 | -112 | -94 |
| Interest Paid ⓘ | -49 | -51 | -39 | -40 | -39 | -49 | -32 | -22 | -32 | -32 |
| Dividend Paid ⓘ | -46 | -75 | -44 | -120 | -122 | -184 | -28 | -208 | -120 | -122 |
| Others ⓘ | 111 | -176 | -5 | 0 | 387 | -129 | -196 | 74 | 50 | 12 |
| Net Cash Flow ⓘ | -1 | 1 | 13 | -6 | -12 | 20 | -14 | 13 | 20 | -34 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 15.71 | 13.74 | 31.05 | 28.05 | 26.99 | 16.89 | 16.7 | 18.59 | 17.75 | 16.33 |
| ROCE (%) | 16.84 | 12.85 | 28.6 | 28.42 | 27.41 | 15.7 | 17.54 | 20.29 | 19.74 | 18.73 |
| Asset Turnover Ratio | 1.49 | 1.53 | 1.5 | 1.42 | 1.36 | 1.03 | 0.97 | 1.19 | 1.29 | 1.2 |
| PAT to CFO Conversion(x) | 0.8 | 4.76 | 0.72 | 1.18 | 1 | 2.2 | 1.25 | 0.87 | 0.94 | 1.12 | Working Capital Days |
| Receivable Days | 53 | 54 | 62 | 68 | 67 | 75 | 77 | 70 | 68 | 76 |
| Inventory Days | 53 | 50 | 45 | 45 | 47 | 60 | 62 | 56 | 55 | 59 |
| Payable Days | 90 | 87 | 101 | 98 | 92 | 104 | 125 | 103 | 82 | 84 |
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
Awards / Recognition
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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