Sundram Fasteners Ltd - Stock Valuation and Financial Performance

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

Sundram Fasteners Share Price

1,125.50 -0.45 -0.04%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Sundram Fasteners

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Sundram Fasteners stock performance -

mw4me loader
P/E Ratio (CD):
45.97
Market Cap:
23,650 Cr.
52-wk low:
990.5
52-wk high:
1,334.2

Is Sundram Fasteners Ltd an attractive stock to invest in?

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.3%11.9%12.2%21.3%19.4%18.7%12.5%12.5%14.4%14.1%-
Value Creation
Index
-0.3-0.2-0.10.60.40.4-0.1-0.10.10.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,7363,1563,2553,3033,8554,5583,7233,6444,9025,6635,648
Sales YoY Gr.-15.4%3.1%1.5%16.7%18.2%-18.3%-2.1%34.5%15.5%-
Adj EPS 4.76.27.316.51821.215.216.621.122.524.5
YoY Gr.-32.7%17.5%127.6%9.1%17.5%-28.3%9.1%27.4%6.9%-
BVPS (₹) 38.141.844.858.872.98995111.7124.8143.5159.1
Adj Net
Profit
97.8130152347378444319348443474514
Cash Flow from Ops. 427106595244456457718454401469-
Debt/CF from Ops. 1.78.312.91.52.21.21.51.91.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.4%8%15%15.5%
Adj EPS 19.2%4.6%14.1%6.9%
BVPS15.9%14.5%14.8%15.1%
Share Price 32% 15.2% 16.7% 13.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1315.416.631.727.326.116.51617.816.816.2
Op. Profit
Mgn %
10.61211.818.217.717.61618.216.415.115.7
Net Profit
Mgn %
3.64.14.710.59.99.88.69.69.18.59.1
Debt to
Equity
0.910.60.60.50.50.40.30.30.2-
Working Cap
Days
13712812712913914016416314414270
Cash Conv.
Cycle
7365646066698481768432

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 15.00%

Net Profit is growing at healthy rate in last 3 years 14.11%

Return on Equity has declined versus last 3 years average to 16.20%

Sales growth is not so good in last 4 quarters at 1.75%

Latest Financials - Sundram Fasteners Ltd.

Standalone Consolidated
TTM EPS (₹) 22 24.5
TTM Sales (₹ Cr.) 4,865 5,648
BVPS (₹.) 152.5 159.1
Reserves (₹ Cr.) 3,184 3,323
P/BV 7.38 7.07
PE 51.07 45.97
From the Market
52 Week Low / High (₹) 990.50 / 1334.15
All Time Low / High (₹) 4.12 / 1334.15
Market Cap (₹ Cr.) 23,650
Equity (₹ Cr.) 21
Face Value (₹) 1
Industry PE 50

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2,7363,1563,2553,3033,8554,5583,7233,6444,9025,663
Operating Expenses 2,4472,7802,8712,7143,1743,7573,1302,9804,1014,809
Manufacturing Costs6858328408811,0171,1559339431,2631,467
Material Costs1,1951,2881,3221,2411,4921,8571,5261,4272,0612,490
Employee Cost 388441458377413459435400486519
Other Costs 178219251215251286237211290334
Operating Profit 289376384589681800593664801853
Operating Profit Margin (%) 10.6%11.9%11.8%17.8%17.7%17.6%15.9%18.2%16.3%15.1%
Other Income 49176215232728343945
Interest 68947339384658332940
Depreciation 102116116105112129170180191198
Exceptional Items 00-118-2000000
Profit Before Tax 169182139459554652393486621661
Tax 48501412016619367123159160
Profit After Tax 121132125338388459327363462500
PAT Margin (%) 4.4%4.2%3.8%10.2%10.1%10.1%8.8%10.0%9.4%8.8%
Adjusted EPS (₹)5.86.36.016.118.421.815.517.121.723.6
Dividend Payout Ratio (%)30%28%36%28%25%23%27%27%30%37%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 8018799541,2361,5311,8701,9962,3472,6213,016
Share Capital 21212121212121212121
Reserves 7808589331,2151,5101,8491,9752,3262,6002,995
Minority Interest41097888111518
Debt679745563620601979844597657612
Long Term Debt247203176150218340325265237141
Short Term Debt432542387470383639519332420472
Trade Payables339298335351451487385591572541
Others Liabilities 340409340314397359315383419437
Total Liabilities 2,1642,3412,2022,5272,9873,7033,5493,9294,2844,624

Fixed Assets

Gross Block2,0492,1491,8111,2281,4632,0522,5102,7022,9163,193
Accumulated Depreciation1,0421,1308902063164406097899761,166
Net Fixed Assets1,0071,0199211,0221,1481,6121,9011,9131,9402,026
CWIP 40225469111969511911765
Investments 10728327068386477102
Inventories441526424449523648570674820923
Trade Receivables4844925416547948876518861,0051,145
Cash Equivalents 25252740352546397187
Others Assets156251206261306367248234254276
Total Assets 2,1642,3412,2022,5272,9873,7033,5493,9294,2844,624

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 427106595244456457718454401469
PBT 169182139458554652393486621661
Adjustment 124220265155148184228196212225
Changes in Working Capital 181-233242-259-124-208203-115-267-259
Tax Paid -47-63-51-110-122-171-107-113-165-158
Cash Flow From Investing Activity -180-127-179-236-295-596-321-198-202-234
Capex -183-133-188-236-300-594-326-188-199-228
Net Investments 0-4-3-4-1-52-16-6-11
Others 310134633635
Cash Flow From Financing Activity -24420-4156-167127-377-270-186-214
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -1034-11493-7-100-14-14-31-112
Interest Paid -53-49-51-39-40-39-49-32-22-32
Dividend Paid -37-46-75-44-120-122-184-28-208-120
Others -51111-176-50387-129-1967450
Net Cash Flow 4-1113-6-1220-141320
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)16.0315.7113.7431.0528.0526.9916.8916.718.5917.75
ROCE (%)15.2516.8412.8528.628.4227.4115.717.5420.2919.74
Asset Turnover Ratio1.371.491.531.51.421.361.030.971.191.27
PAT to CFO Conversion(x)3.530.84.760.721.1812.21.250.870.94
Working Capital Days
Receivable Days61535462686775777069
Inventory Days55535045454760625656
Payable Days909087101989210412510382

Sundram Fasteners Ltd Stock News

Sundram Fasteners Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sundram Fasteners on 12-Apr-2024 16:59 is ₹1,125.5.
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 12-Apr-2024 16:59 the market cap of Sundram Fasteners stood at ₹23,650.
The latest P/E ratio of Sundram Fasteners as of 12-Apr-2024 16:59 is 51.07.
The latest P/B ratio of Sundram Fasteners as of 12-Apr-2024 16:59 is 7.38.
The 52-week high of Sundram Fasteners is ₹1,334.2 and the 52-week low is ₹990.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sundram Fasteners is ₹4,865 ( 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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