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SUNDRMFAST - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.8

Last Updated Time : 19 Mar 26, 07:11 pm

Fundamental Rating: 3.8

Stock Code SUNDRMFAST Market Cap 17,071 Cr. Current Price 814 ₹ High / Low 1,080 ₹
Stock P/E 32.0 Book Value 183 ₹ Dividend Yield 0.89 % ROCE 17.4 %
ROE 14.7 % Face Value 1.00 ₹ DMA 50 892 ₹ DMA 200 958 ₹
Chg in FII Hold -0.54 % Chg in DII Hold 0.55 % PAT Qtr 130 Cr. PAT Prev Qtr 140 Cr.
RSI 31.9 MACD -28.3 Volume 52,538 Avg Vol 1Wk 1,00,852
Low price 791 ₹ High price 1,080 ₹ PEG Ratio 5.56 Debt to equity 0.14
52w Index 7.95 % Qtr Profit Var 8.11 % EPS 25.4 ₹ Industry PE 25.0

📊 Financial Overview

  • Revenue & Profit Growth: Quarterly PAT declined slightly from ₹140 Cr. to ₹130 Cr., showing short-term earnings pressure.
  • Margins: ROE at 14.7% and ROCE at 17.4% reflect healthy profitability and efficient capital use.
  • Debt: Debt-to-equity ratio of 0.14 indicates very low leverage, ensuring financial stability.
  • Cash Flow: Strong due to diversified auto component business, though cyclical demand impacts earnings.

💹 Valuation Indicators

  • P/E Ratio: 32.0 vs Industry PE of 25.0 → slightly expensive compared to peers.
  • P/B Ratio: Current Price ₹814 vs Book Value ₹183 → ~4.45x, reflecting premium valuation.
  • PEG Ratio: 5.56 → indicates overvaluation relative to growth prospects.
  • Intrinsic Value: Estimated fair value near ₹750–770, suggesting current price is slightly overvalued.

🏭 Business Model & Competitive Advantage

  • Leading auto component manufacturer with diversified product portfolio.
  • Strong presence in fasteners, precision components, and engineering solutions.
  • Competitive advantage lies in scale, long-term OEM relationships, and export markets.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive between ₹750–770, closer to intrinsic value.
  • Long-Term Holding: Suitable for investors seeking exposure to auto ancillary sector; hold for 3–5 years with caution due to valuation risks.

✅ Positive

  • Strong ROCE (17.4%) and ROE (14.7%) highlight profitability.
  • Low debt-to-equity ratio (0.14) ensures financial stability.
  • DII holdings increased (+0.55%), showing domestic institutional confidence.

⚠️ Limitation

  • Quarterly PAT decline indicates earnings pressure.
  • High PEG ratio (5.56) signals overvaluation relative to growth.
  • P/E ratio (32.0) is higher than industry average.

📉 Company Negative News

  • FII holdings decreased (-0.54%), showing reduced foreign investor interest.
  • Short-term earnings decline due to cyclical demand slowdown.

📈 Company Positive News

  • DII holdings increased, reflecting domestic confidence.
  • Strong long-term OEM relationships ensure stable demand.
  • Low debt levels provide resilience against market volatility.

🏭 Industry

  • Auto ancillary industry is cyclical, driven by vehicle demand and exports.
  • Industry PE at 25.0 shows moderate valuation compared to Sundram Fasteners’ premium.
  • Global demand for auto components supports long-term growth prospects.

🔎 Conclusion

Sundram Fasteners demonstrates solid fundamentals with strong ROCE, ROE, and negligible debt. However, current valuations are stretched with high P/E and PEG ratios, and earnings have shown short-term pressure. Entry around ₹750–770 offers better risk-reward. Long-term investors can hold for 3–5 years, benefiting from stable OEM relationships and industry growth, but caution is advised due to premium valuation.

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