Sundram Fasteners Share Price

1. The company reported its standalone net profit rose by 18% year-on-year to stand at Rs.106 crore.
2. The standalone revenue was up by 22% year-on-year and 3% quarter-on-quarter to stand at Rs.971 crore.
3. EBITDA for the said quarter rose by 20% year-on-year and 7% quarter-on-quarter at Rs.177 crore, while the EBITDA margin contracted by 42bps year-on-year to 18.2%.
4. Its export revenue for the said quarter rose by 12% year-on-year to stand at Rs.322 crore as against Rs.288 crore reported during the same period last fiscal.
5. For the said quarter, the tax rate was at 31% as compared to 28% in Q1 FY18 and 35% in the previous quarter.

Sundaram Fasteners Annual Report 2017-18

1. For the fiscal year ending 31 March 2018, the company reported its consolidated total income increased by 9.94% to stand at Rs.3,911.01 crore as against Rs.3,557.36 crore posted in the year-ago period.
2. Net profit for the said period rose by 14.78% to stand at Rs.388.17 crore as compared to Rs.338.18 crore posted during the same period last fiscal.
3. Earnings Per Share (EPS) for the said fiscal was up by 14.57% to stand at Rs.18.40 as compared to Rs.16.06.
4. The company declared an interim dividend of Rs.2.70 per share for the financial year ending 31 March 2018.

Sundaram Fasteners Q4 FY18 Results

1. The Q4 results for the financial year ending 31 March 2018, the company posted a 13.52% increase in its consolidated total income which came in at Rs.962.79 crore as against Rs.848.12 crore posted during the same period a year ago.
2. Net profit for the said quarter rose by 8.62% to stand at Rs.95.22 crore as compared to Rs.87.66 crore posted during the same period last fiscal.
3. Earnings Per Share (EPS) for the said quarter inclined by 8.63% to stand at Rs.4.53 as against Rs.4.17 registered in Q4 FY17.
4. EBITDA for the said quarter came in at Rs.145.72 crore as compared to Rs.126.62 crore posted at the end of 31 March 2017.

Sundaram Fasteners Stock Trend in 2018

1. Sundaram Fasteners stock price on the 1st of January 2018 closed for trading at Rs.580.65. For the month, the stock touched a high of Rs.583.70 before closing for the month at Rs.525.10 on the back of missing estimates for the Q3 FY18.
2. In February, the stock tanked to its lowest to touch Rs.505.15 due to the lower-than-expected Q3 results; however, it regained by the end of the month to close at Rs.564.40 due to high volume buying of the shares.
3. The scrip rose to touch a record high of Rs.613.60 in March before losing points as the founder Suresh Krishna stepped down as the Managing Director of the company.
4. With better-than-expected FY18 results, the share price of the company in the month of April rose to close at Rs.597.
5. There were slight variations during the month of May with the scrip closing at Rs.633.65, the rise was influenced by better-than-expected Q4 results for FY18.
6. Against the backdrop of excellent Q4 results, the stock price continued to rise in the month of June as well. The stock closed at Rs.625.30 for the month.
7. The stock remained steady in the month of July with the closing price of Rs.656.40, up by nearly 25 points compared to the previous month's closing price.
8. In August, the company declared its Q1 FY19 results where the company's standalone net profit inclined by 18%. This rise in profit led the scrip to move upwards and close for the month at Rs.660.45

Sundaram Fasteners Stock Trend in 2016 and 2017

1. The stock price of Sundaram Fasteners at the start of January 2016 was at Rs.164.80 and closed for the month with no gains which continued in the month of February as well, as the scrip ended at Rs.139.30. However, in March, the stock gained about 30 points to close at Rs.170.80.
2. With the company deciding to restructure its global operations coupled with the acquisition of TVS Infotech Ltd. shares, the stock price remained stable through the month of April. With the Q4 FY17 results estimated to be better than expected, the stock closed at a record high of Rs.185.90 at the end of June.
3. The upward incline of the scrip continued during the course of July and August with the stock price standing at Rs.197.55 at the end of August. Sundaram Fasteners shares jumped on the backdrop of high Q1 results. The stock price at the end of September stood at Rs.291.75, up by more than 100 points from its previous high.
4. With the allocation of an interim dividend of 170% in the month of November, the scrip rose to touch Rs.336.80 gaining as many as 40 points. At the end of the December, the stock closed for trading at Rs.290.50.
5. During the last quarter of FY17, the stock witnessed its biggest rise as it gained more than 50 points to close at Rs.335.70 at the end of February. In March, the scrip gained about 50 points to touch Rs.386 on the last day of the month on the back of robust Q3 results.
6. In May, the stock rose to touch new record highs of Rs.442.10 even as the company was considering dividend for the fiscal. However, the Q4 FY17 results were not as expected which led the scrip to close at Rs.429.65 at the end of June.
7. In July, the company declared a final dividend of 280%, which prompted the stock price to incline and close for the month at Rs.439.85 at the end of September.
8. With the better-than-expected estimates, the Q2 results of the company influenced the stock to incline significantly before closing for the month of October at Rs.516.80. In December, the stock witnessed its highest gains to close for trading at Rs.585.25 attributed to the good financial performance for the previous quarter.

Should You Invest in Sundaram Fasteners?

1. The shares of Sundaram Fasteners have been on the upward trend since 2016. The scrip gained more than 130 points during the course of 2016, while it gained about more than 300 points in the year 2017. In 2018, the stock price of the company has been on the upward trend as well with gains of about 20 points.
2. Both the Q4 FY18 and Q1 FY19 results have beat estimates by analysts which have led to the gains by the scrip over the last three years.
3. The company and its leadership team have ensured strategic and decisive policies to help the organisation grow to a robust automotive parts manufacturing company.

Company Information

Sundaram Fasteners is primarily engaged in manufacturing high tensile fasteners and automotive parts and accessories. The company is part of TVS Group and was started in 1966 to cater to the automotive industry with a recent foray into windmill and aviation sectors. The company has clientele from across the globe including China, Germany, USA, UK, Italy, France, Brazil and India.

Company History

The company was incorporated in 1962 as a private limited company under the name of Kasjax Engineering Ancillaries Pvt. Ltd. In 1965, the name was changed to Sundaram Fasteners (P) Ltd., while in 1982, the company went ahead with a public issue of capital offering about 49% of the equity capital of the company to the public. It forayed into the windmill sector in 1994 with the installation of a 2 MW wind farm in Tamil Nadu for power generation, while in 1998, the company forayed into the aviation sector. More recently in 2015, the company acquired stakes in TVS Infotech Ltd.

Management Team of Sundaram Fasteners Ltd.

1. Mr Suresh Krishna - Chairman & Director
2. Ms Arathi Krishna Managing - Director
3. Ms Arundathi Krishna Joint - Managing Director
4. Mr K Ramesh - Director
5. Ms Preethi Krishna - Director
6. Mr R Srinivasan - Director
7. Mr B Muthuraman - Director
8. Mr Heramb R Hajarnavis - Director
9. Mr Mahalingam Sethuraman - Director
10. Dr Nirmala Lakshman - Director

Sundaram Fasteners in NSE, BSE and Listings

The equity shares of Sundaram Fasteners Ltd. is available for trading in the National Stock Exchange of India (NSE) and the Bombay Stock Exchange of India (BSE). The codes for trading are as follows:

1. NSE Code - SUNDRMFAST
2. BSE Code - 500403
3. ISIN - INE387A01021
4. Sector - Fasteners

Sundaram Fasteners Stock Indices are as follows:

1. S&P CNX 500

Corporate Headquarters

SUNDRAM FASTENERS LIMITED

98 - A, VII Floor,

Dr. Radhakrishnan Salai,

Mylapore,

Chennai - 600 004, India.

Phone: +91 44 28478500

E - mail: hq@corp.sfl.co.in

China

SUNDRAM FASTENERS (ZHEJIANG) LIMITED

No.1, Sundram Road,

Wuyuan Town, Haiyan County,

Jiaxing City,

Zhejiang Province,

China - 314300.

Phone: +86 573 86161334 / 86161331

E-mail: sfz@sundram.net.cn

The United Kingdom

CRAMLINGTON PRECISION FORGE LIMITED Unit 8, Atley Way, North Nelson Industrial Estate, Cramlington, Northumberland NE23 1WA, United Kingdom. Phone :+44 1670 716811 E-mail: sundram@cpfl-tvs.co.uk Website: www.cpfl-tvs.com

Stocks vs. Mutual Funds: here's what we recommend

Stock market investments require a lot of research and knowledge. They do not generally offer any tax benefits and are regarded as high-risk investments. Hence,it is crucial to have a diversified portfolio. At Bankbazaar, we encourage our readers to invest on mutual funds.It doesn't require a lot of knowledge and equity linked mutual fund schemes offer tax benefits. Additionally, since mutual funds comprise stocks from multiple companies, they help in building a diversified portfolio

DISCLAIMER:

The contents of this post/blog does not constitute financial or other professional advice nor does it imply in any manner a principal-agent relationship, and is not a professional advice on a specific financial matter.