Sundram Fasteners
Sundram Fasteners
Consumer DiscretionaryKey Fundamentals
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Key Insights
Strengths
2- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 28.0%
Weaknesses
1- The company has delivered a poor sales growth of 11.5% over past five years.
Growth Rate
AI Analysis — Bull vs Bear
Sundram Fasteners Ltd trades at a market cap of ₹26,201 Cr with a P/E of 43.1x and P/B of 6.19x, reflecting premium valuations. The company has delivered 12% compounded profit growth over 10 years and maintains a 15% ROE, while sales growth has been modest at 7% CAGR over the same period.
- Compounded profit growth of 12% over 10 years demonstrates consistent earnings expansion over a full business cycle
- TTM sales growth of 10% and TTM profit growth of 14% indicate an acceleration from the 3-year CAGR of 4% sales and 7% profit growth
- Company has been actively reducing debt, strengthening balance sheet quality and lowering interest burden
- Healthy dividend payout ratio of 28.0% signals management confidence in sustained cash flow generation
- ROE has remained steady at 15-18% across 3, 5, and 10-year periods, indicating disciplined capital allocation
- Stock has delivered 24% returns over the past 1 year, reflecting improving investor sentiment
- 5-year compounded profit CAGR of 11% has outpaced 5-year sales CAGR of 12%, suggesting margin stability
- P/E of 43.1x is a steep premium, demanding sustained high earnings growth to justify the valuation
- P/B of 6.19x implies the market prices in significant intangible value that could compress during a downturn
- 3-year stock CAGR of -1% shows the stock has delivered negative returns over a meaningful medium-term horizon despite profit growth
- 5-year compounded sales growth of only 12% (and 3-year at just 4%) reflects sluggish top-line momentum
- Dividend yield of just 0.64% offers minimal income return relative to the premium valuation
- 10-year sales CAGR of 7% lags profit CAGR of 12%, raising questions about whether margin expansion can continue without revenue acceleration
- ROE has declined from 18% on a 10-year basis to 15% in the last year, signalling a gradual compression in return on equity
- As a Consumer Discretionary auto-component player, earnings are cyclically exposed to OEM production volumes and consumer demand fluctuations
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- V4 submersible pump launch Aug 28
Sundram Fasteners entered the submersible pump segment with its V4 range targeting agricultural use across four districts in Tamil Nadu, marking a strategic diversification into irrigation equipment.
TL;DR: Sundram Fasteners is diversifying beyond its core fastener business by entering the submersible pump segment for agricultural irrigation in Tamil Nadu. There are no visible headwinds from the current news flow. The diversification move is early-stage and limited to a pilot in four districts, so material revenue impact remains to be seen.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,411 | 1,422 | 1,367 | 1,466 | 1,498 | 1,486 | 1,441 | 1,531 | 1,533 | 1,521 | 1,541 | 1,693 | 1,846 |
| Expenses | 1,184 | 1,191 | 1,166 | 1,238 | 1,251 | 1,241 | 1,213 | 1,306 | 1,286 | 1,269 | 1,301 | 1,437 | 1,560 |
| Operating Profit | 226 | 231 | 201 | 228 | 247 | 245 | 228 | 225 | 247 | 252 | 240 | 256 | 286 |
| OPM % | 16% | 16% | 15% | 16% | 16% | 16% | 16% | 15% | 16% | 17% | 16% | 15% | 16% |
| Other Income | 5 | 7 | 31 | 11 | 5 | 13 | 3 | 7 | 20 | 21 | -1 | 27 | 9 |
| Interest | 10 | 7 | 7 | 8 | 7 | 9 | 8 | 10 | 9 | 11 | 8 | 10 | 9 |
| Depreciation | 52 | 54 | 54 | 53 | 54 | 56 | 56 | 58 | 59 | 60 | 57 | 60 | 63 |
| PBT | 169 | 176 | 172 | 178 | 192 | 193 | 166 | 164 | 199 | 202 | 174 | 213 | 224 |
| Tax % | 24% | 24% | 25% | 25% | 26% | 26% | 21% | 24% | 26% | 24% | 25% | 24% | 25% |
| Net Profit | 129 | 133 | 129 | 134 | 143 | 144 | 131 | 124 | 148 | 153 | 131 | 161 | 169 |
| EPS in Rs | 6.07 | 6.28 | 6.12 | 6.36 | 6.75 | 6.78 | 6.2 | 5.92 | 7.06 | 7.18 | 6.21 | 7.68 | 8.01 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,156 | 3,255 | 3,303 | 3,855 | 4,558 | 3,723 | 3,644 | 4,902 | 5,663 | 5,666 | 5,955 | 6,289 | 6,602 |
| Expenses | 2,781 | 3,012 | 2,712 | 3,173 | 3,756 | 3,130 | 2,980 | 4,101 | 4,809 | 4,777 | 5,010 | 5,289 | 5,566 |
| Operating Profit | 375 | 243 | 590 | 681 | 802 | 594 | 664 | 801 | 853 | 889 | 945 | 999 | 1,035 |
| OPM % | 12% | 7% | 18% | 18% | 18% | 16% | 18% | 16% | 15% | 16% | 16% | 16% | 16% |
| Other Income | 17 | 85 | 12 | 22 | 26 | 27 | 27 | 39 | 45 | 52 | 27 | 63 | 55 |
| Interest | 94 | 73 | 39 | 37 | 46 | 58 | 26 | 29 | 40 | 32 | 34 | 38 | 38 |
| Depreciation | 116 | 116 | 104 | 112 | 129 | 170 | 180 | 191 | 198 | 213 | 224 | 236 | 240 |
| PBT | 182 | 139 | 459 | 554 | 652 | 393 | 486 | 621 | 661 | 696 | 715 | 788 | 812 |
| Tax % | 28% | 10% | 26% | 30% | 30% | 17% | 25% | 26% | 24% | 24% | 24% | 25% | — |
| Net Profit | 132 | 125 | 338 | 388 | 459 | 327 | 363 | 462 | 500 | 526 | 542 | 593 | 614 |
| EPS in Rs | 6.25 | 6 | 16.06 | 18.4 | 21.77 | 15.46 | 17.09 | 21.74 | 23.54 | 24.83 | 25.66 | 28.13 | 29.08 |
| Div. Payout % | 28% | 36% | 28% | 25% | 23% | 27% | 27% | 30% | 37% | 28% | 28% | 28% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 21 | 21 | 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 | 3,789 | 4,254 |
| Borrowings | 874 | 602 | 701 | 700 | 995 | 917 | 710 | 772 | 730 | 647 | 823 | 625 |
| Other Liabilities | 588 | 646 | 591 | 756 | 838 | 636 | 872 | 891 | 878 | 921 | 893 | 1,036 |
| Total Liabilities | 2,341 | 2,202 | 2,527 | 2,987 | 3,703 | 3,549 | 3,929 | 4,284 | 4,624 | 4,988 | 5,527 | 5,936 |
| Fixed Assets | 1,019 | 917 | 1,031 | 1,156 | 1,621 | 1,910 | 1,921 | 1,948 | 2,029 | 2,099 | 2,253 | 2,499 |
| CWIP | 22 | 54 | 69 | 111 | 96 | 95 | 119 | 117 | 65 | 164 | 196 | 112 |
| Investments | 7 | 38 | 32 | 70 | 68 | 38 | 64 | 77 | 102 | 137 | 120 | 115 |
| Other Assets | 1,294 | 1,193 | 1,395 | 1,650 | 1,918 | 1,506 | 1,825 | 2,142 | 2,428 | 2,587 | 2,957 | 3,210 |
| Total Assets | 2,341 | 2,202 | 2,527 | 2,987 | 3,703 | 3,549 | 3,929 | 4,284 | 4,624 | 4,988 | 5,527 | 5,936 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 106 | 595 | 244 | 456 | 457 | 718 | 454 | 401 | 469 | 589 | 423 | 837 |
| Investing | -127 | -179 | -237 | -296 | -595 | -320 | -200 | -203 | -234 | -389 | -381 | -357 |
| Financing | 20 | -415 | 6 | -167 | 127 | -377 | -270 | -186 | -214 | -235 | -28 | -436 |
| Net Cash Flow | -1 | 1 | 12 | -6 | -11 | 21 | -16 | 12 | 21 | -35 | 14 | 44 |
| Free Cash Flow | -27 | 407 | 8 | 156 | -136 | 396 | 266 | 202 | 241 | 191 | 29 | 467 |
| CFO/OP | 45 | 266 | 60 | 85 | 78 | 139 | 85 | 71 | 73 | 83 | 64 | 101 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 57 | 61 | 72 | 75 | 71 | 64 | 89 | 75 | 74 | 80 | 89 | 89 |
| Inventory Days | 149 | 117 | 132 | 128 | 127 | 136 | 172 | 145 | 135 | 147 | 166 | 175 |
| Days Payable | 84 | 93 | 103 | 110 | 96 | 92 | 151 | 101 | 79 | 83 | 78 | 91 |
| Cash Conversion Cycle | 122 | 85 | 101 | 93 | 103 | 108 | 110 | 119 | 130 | 144 | 177 | 173 |
| Working Capital Days | 5 | 9 | 14 | 31 | 29 | 24 | 48 | 49 | 57 | 69 | 78 | 86 |
| ROCE % | 17% | 20% | 29% | 28% | 27% | 16% | 17% | 20% | 19% | 19% | 17% | 18% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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63 extracted metrics + investor summaries across FY15–FY26.
Documents
Frequently Asked Questions about Sundram Fasteners
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Company Information
Sundaram fasteners ltd, a part of the TVS Group of Companies, is engaged in manufacturing critical, high precision components such as fasteners, power train components etc for the automotive, infrastructure, windmill, and aviation sectors. [1]
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