Sundram Fasteners
Market Cap
₹106.4b
Last Updated
2020/11/26 12:11 UTC
Data Sources
Company Financials +
Executive Summary
Sundram Fasteners Limited manufactures and sells precision components for the automotive, infrastructure, windmill, and aviation sectors in India, China, Germany, the United States, the United Kingdom, Italy, France, and Brazil. More Details
Snowflake Analysis
Flawless balance sheet with high growth potential and pays a dividend.
Similar Companies
Share Price & News
How has Sundram Fasteners's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SUNDRMFAST is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: SUNDRMFAST's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-0.3%
SUNDRMFAST
3.2%
IN Auto Components
0.3%
IN Market
1 Year Return
7.2%
SUNDRMFAST
6.2%
IN Auto Components
7.0%
IN Market
Return vs Industry: SUNDRMFAST exceeded the Indian Auto Components industry which returned 6.2% over the past year.
Return vs Market: SUNDRMFAST matched the Indian Market which returned 7% over the past year.
Shareholder returns
| SUNDRMFAST | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.3% | 3.2% | 0.3% |
| 30 Day | 17.7% | 15.3% | 9.0% |
| 90 Day | 6.4% | 8.1% | 8.8% |
| 1 Year | 8.2%7.2% | 7.4%6.2% | 8.9%7.0% |
| 3 Year | 2.8%0.1% | -22.4%-24.6% | 5.1%0.009% |
| 5 Year | 237.9%220.7% | 25.1%19.7% | 51.8%40.4% |
Long-Term Price Volatility Vs. Market
How volatile is Sundram Fasteners's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Is Sundram Fasteners (NSE:SUNDRMFAST) Using Too Much Debt?2 weeks ago | Simply Wall St
Sundram Fasteners Limited (NSE:SUNDRMFAST) Looks Like A Good Stock, And It's Going Ex-Dividend Soon4 weeks ago | Simply Wall St
Here's What Sundram Fasteners Limited's (NSE:SUNDRMFAST) Shareholder Ownership Structure Looks LikeValuation
Is Sundram Fasteners undervalued compared to its fair value and its price relative to the market?
44.77x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SUNDRMFAST (₹499.6) is trading above our estimate of fair value (₹92.16)
Significantly Below Fair Value: SUNDRMFAST is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SUNDRMFAST is poor value based on its PE Ratio (44.8x) compared to the IN Auto Components industry average (31.7x).
PE vs Market: SUNDRMFAST is poor value based on its PE Ratio (44.8x) compared to the Indian market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: SUNDRMFAST is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: SUNDRMFAST is overvalued based on its PB Ratio (5.1x) compared to the IN Auto Components industry average (1.4x).
Next Steps
Future Growth
How is Sundram Fasteners forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
44.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SUNDRMFAST's forecast earnings growth (44.1% per year) is above the savings rate (7.2%).
Earnings vs Market: SUNDRMFAST's earnings (44.1% per year) are forecast to grow faster than the Indian market (24.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SUNDRMFAST's revenue (22.8% per year) is forecast to grow faster than the Indian market (11.5% per year).
High Growth Revenue: SUNDRMFAST's revenue (22.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SUNDRMFAST's Return on Equity is forecast to be low in 3 years time (19.1%).
Next Steps
Past Performance
How has Sundram Fasteners performed over the past 5 years?
5.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SUNDRMFAST has high quality earnings.
Growing Profit Margin: SUNDRMFAST's current net profit margins (8%) are lower than last year (9%).
Past Earnings Growth Analysis
Earnings Trend: SUNDRMFAST's earnings have grown by 5.1% per year over the past 5 years.
Accelerating Growth: SUNDRMFAST's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SUNDRMFAST had negative earnings growth (-40.6%) over the past year, making it difficult to compare to the Auto Components industry average (-47.3%).
Return on Equity
High ROE: SUNDRMFAST's Return on Equity (11.3%) is considered low.
Next Steps
Financial Health
How is Sundram Fasteners's financial position?
Financial Position Analysis
Short Term Liabilities: SUNDRMFAST's short term assets (₹13.9B) exceed its short term liabilities (₹11.1B).
Long Term Liabilities: SUNDRMFAST's short term assets (₹13.9B) exceed its long term liabilities (₹4.1B).
Debt to Equity History and Analysis
Debt Level: SUNDRMFAST's debt to equity ratio (33%) is considered satisfactory.
Reducing Debt: SUNDRMFAST's debt to equity ratio has reduced from 79% to 33% over the past 5 years.
Debt Coverage: SUNDRMFAST's debt is well covered by operating cash flow (99%).
Interest Coverage: SUNDRMFAST's interest payments on its debt are well covered by EBIT (5.8x coverage).
Balance Sheet
Next Steps
Dividend
What is Sundram Fasteners's current dividend yield, its reliability and sustainability?
0.83%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SUNDRMFAST's dividend (0.83%) is higher than the bottom 25% of dividend payers in the Indian market (0.54%).
High Dividend: SUNDRMFAST's dividend (0.83%) is low compared to the top 25% of dividend payers in the Indian market (2.19%).
Stability and Growth of Payments
Stable Dividend: SUNDRMFAST's dividend payments have been volatile in the past 10 years.
Growing Dividend: SUNDRMFAST's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (36.7%), SUNDRMFAST's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SUNDRMFAST's dividends in 3 years are forecast to be well covered by earnings (25.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.6yrs
Average management tenure
CEO
Arathi Krishna (52 yo)
14.5yrs
Tenure
₹35,553,000
Compensation
Ms. Arathi Krishna has been a Managing Director of Sundram Fasteners Limited since April 20, 2018. She has been an Executive Director of Sundram Fasteners since May 3, 2006. Ms. Krishna is a Gold Medallis...
CEO Compensation Analysis
Compensation vs Market: Arathi's total compensation ($USD481.86K) is about average for companies of similar size in the Indian market ($USD621.07K).
Compensation vs Earnings: Arathi's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 14.5yrs | ₹35.55m | 0.022% ₹ 23.8m | |
| Joint MD & Whole-Time Director | 12.17yrs | ₹38.78m | 0.025% ₹ 26.3m | |
| CFO & Whole Time Director | 0.42yr | ₹12.25m | 0.00048% ₹ 510.9k | |
| VP of Finance | no data | ₹7.25m | 0.00095% ₹ 1.0m | |
| Deputy General Manager of Marketing | no data | no data | no data | |
| Head of Internal Audit | no data | no data | no data |
4.6yrs
Average Tenure
52yo
Average Age
Experienced Management: SUNDRMFAST's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 14.5yrs | ₹35.55m | 0.022% ₹ 23.8m | |
| Joint MD & Whole-Time Director | 12.17yrs | ₹38.78m | 0.025% ₹ 26.3m | |
| CFO & Whole Time Director | 0.42yr | ₹12.25m | 0.00048% ₹ 510.9k | |
| Non-Executive Chairman | no data | ₹29.22m | 0.017% ₹ 18.3m | |
| Independent Non-Executive Director | 5.58yrs | ₹220.00k | no data | |
| Independent Non-Executive Director | 25.67yrs | ₹340.00k | 0.0044% ₹ 4.7m | |
| Non-Executive Independent Director | 3.17yrs | ₹390.00k | no data | |
| Non-Executive Non-Independent Director | 3.33yrs | ₹200.00k | no data | |
| Non Executive Independent Director | 2.83yrs | ₹350.00k | no data | |
| Additional Non Executive Independent Director | 2.17yrs | ₹280.00k | no data |
3.3yrs
Average Tenure
64.5yo
Average Age
Experienced Board: SUNDRMFAST's board of directors are considered experienced (3.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Sundram Fasteners Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Sundram Fasteners Limited
- Ticker: SUNDRMFAST
- Exchange: NSEI
- Founded: 1962
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: ₹106.430b
- Shares outstanding: 210.13m
- Website: https://www.sundram.com
Location
- Sundram Fasteners Limited
- 98 - A, Dr. Radhakrishnan Salai
- VII Floor
- Chennai
- Tamil Nadu
- 600004
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 500403 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Nov 1999 |
| SUNDRMFAST | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Nov 1999 |
Biography
Sundram Fasteners Limited manufactures and sells precision components for the automotive, infrastructure, windmill, and aviation sectors in India, China, Germany, the United States, the United Kingdom, Ita...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/26 12:11 |
| End of Day Share Price | 2020/11/26 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.