BSE: 590071 | NSE: SUNDARMFIN | Finance - NBFC | Mid Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Sundaram Finance Ltd is a good quality company.
The key valuation ratios of Sundaram Finance Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sundaram Finance Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 2,254 | 2,312 | 2,325 | 2,806 | 3,322 | 3,842 | 3,954 | 3,870 | 4,046 | 5,480 | 5,748 | |
| YoY Gr. Rt. % | - | 2.6% | 0.5% | 20.7% | 18.4% | 15.7% | 2.9% | -2.1% | 4.6% | 35.4% | - | |
| Adj EPS (₹ ) | 40.9 | 43 | 44.6 | 50.7 | 101.4 | 65.2 | 72.8 | 81.3 | 98 | 130.9 | 130.9 | |
| YoY Gr. Rt. % | - | 5.1% | 3.8% | 13.8% | 99.9% | -35.7% | 11.8% | 11.7% | 20.5% | 33.6% | - | |
| BVPS (₹ ) | 267.9 | 298 | 337 | 371.8 | 453.7 | 499.1 | 556.1 | 620.2 | 696.2 | 851.9 | 952.9 | |
| YoY Gr. Rt. % | - | 11.2% | 13.1% | 10.3% | 22% | 10% | 11.4% | 11.5% | 12.2% | 22.4% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 2.7 | 2.7 | 2.7 | 2.5 | 4 | 2.3 | 2.4 | 2.6 | 2.9 | 3.2 | 0 | |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 10.4% | 10.5% | 11.5% | 35.4% | ||||||||
| Adj EPS | 13.8% | 5.2% | 21.6% | 33.6% | ||||||||
| BVPS | 13.7% | 13.4% | 15.3% | 22.4% | ||||||||
| Share Price | 12.9% | 20.8% | 20.1% | 32.4% | ||||||||
| RATIOS \ YEARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Quality Ratio | To view Asset Quality Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Net NPA to Net Advances (%) | 0.5 | 0.9 | 0.6 | 0.5 | 0.8 | 1.7 | 0 | 0 | 0 | 0 | - | |
| Capitalization Ratio | To view Capitalization Ratio Colour Rating Guide click here ⓘ | |||||||||||
| Capital Adequacy Ratio (%) | 21.4 | 18.4 | 17.9 | 17.6 | 19.5 | 18.4 | 0 | 0 | 0 | 0 | - | |
| Margins | ||||||||||||
| Net Profit Margin (%) | 20.2 | 20.6 | 21.3 | 20.1 | 33.9 | 18.8 | 20.5 | 23.3 | 26.9 | 26.5 | 25.3 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 16.9 | 15.2 | 14 | 14.3 | 24.6 | 13.7 | 13.8 | 13.8 | 14.9 | 16.9 | 13.7 | |
Total Income has increased 11.50 CAGR in last 3 years
Net Profit has increased 21.58 CAGR in last 3 years
Total income growth is good in last 4 quarters
Return on Equity has declined versus last 3 years average to 14.50%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 130.9 | 141 |
| TTM Sales (₹ Cr.) | 5,748 | 7,267 |
| BVPS (₹.) ⓘ | 952.9 | 1,126.1 |
| Reserves (₹ Cr.) ⓘ | 10,476 | 12,400 |
| P/BV ⓘ | 4.30 | 3.64 |
| PE ⓘ | 31.28 | 29.04 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 3104.45 / 5528.85 |
| All Time Low / High (₹) | 72.50 / 5528.85 |
| Market Cap (₹ Cr.) | 45,482 |
| Equity (₹ Cr.) | 111.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 27.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | 2,368 | 2,479 | 2,426 | 2,855 | 3,342 | 3,939 | 4,087 | 3,930 | 4,119 | 5,495 |
| Interest Income | 2,254 | 2,312 | 2,325 | 2,806 | 3,322 | 3,842 | 3,954 | 3,870 | 4,046 | 5,480 |
| Other Income ⓘ | 115 | 167 | 102 | 49 | 21 | 97 | 133 | 60 | 72 | 15 |
| Expenditure ⓘ | 1,717 | 1,796 | 1,706 | 2,006 | 2,447 | 2,994 | 3,031 | 2,753 | 2,699 | 3,798 |
| Interest Expense ⓘ | 1,168 | 1,218 | 1,165 | 1,346 | 1,766 | 2,072 | 2,082 | 1,740 | 1,780 | 2,576 |
| Operating Expenses ⓘ | 413 | 445 | 432 | 495 | 540 | 583 | 571 | 645 | 712 | 890 |
| Provisions | 137 | 134 | 110 | 164 | 141 | 339 | 378 | 369 | 207 | 332 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 592 | 0 | 0 | 0 | 0 | 134 |
| Profit Before Tax ⓘ | 651 | 683 | 720 | 850 | 1,488 | 945 | 1,056 | 1,177 | 1,420 | 1,831 |
| Taxes ⓘ | 197 | 206 | 225 | 286 | 361 | 221 | 247 | 273 | 332 | 377 |
| Profit After Tax | 454 | 477 | 495 | 563 | 1,126 | 724 | 809 | 903 | 1,088 | 1,454 |
| Adjusted EPS (₹) | 40.9 | 43.0 | 44.6 | 50.7 | 101.4 | 65.2 | 72.8 | 81.3 | 98.0 | 130.9 |
| Dividend Payout Ratio (%) | 26% | 26% | 26% | 24% | 17% | 20% | 25% | 25% | 28% | 23% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital | 2,978 | 3,313 | 3,746 | 4,134 | 5,044 | 5,547 | 6,179 | 6,893 | 7,737 | 9,472 |
| Share Capital ⓘ | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 |
| Reserves ⓘ | 2,867 | 3,202 | 3,635 | 4,023 | 4,933 | 5,436 | 6,068 | 6,782 | 7,626 | 9,361 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | 7,406 | 5,927 | 6,198 | 16,483 | 23,872 | 26,696 | 25,354 | 25,472 | 28,088 | 36,903 |
| Current Liabilities | 6,988 | 8,970 | 9,107 | 5,140 | 1,654 | 1,053 | 3,227 | 2,737 | 5,061 | 4,598 |
| Trade Payables | 51 | 88 | 84 | 73 | 101 | 73 | 64 | 97 | 111 | 142 |
| Short term borrowings | 2,174 | 2,228 | 3,817 | 4,642 | 1,115 | 551 | 2,741 | 2,190 | 4,513 | 3,977 |
| Other Liabilities | -2,225 | -2,316 | -3,901 | -4,716 | -1,215 | -625 | -2,805 | -2,287 | -4,624 | -4,119 |
| Total Liabilities ⓘ | 17,372 | 18,210 | 19,051 | 25,757 | 30,569 | 33,296 | 34,761 | 35,102 | 40,886 | 50,973 |
Assets | ||||||||||
| Non Current Asset | 9,315 | 10,640 | 11,023 | 22,270 | 28,105 | 30,611 | 32,103 | 31,575 | 37,059 | 46,378 |
| Loan Asset | 5,982 | 6,442 | 7,289 | 19,954 | 25,929 | 27,358 | 28,798 | 28,033 | 33,037 | 41,073 |
| Other Non Current Asset ⓘ | 3,333 | 4,198 | 3,734 | 2,316 | 2,175 | 3,253 | 3,305 | 3,542 | 4,022 | 5,304 |
| Current Asset | 8,058 | 7,570 | 8,027 | 3,487 | 2,465 | 2,686 | 2,658 | 3,527 | 3,826 | 4,595 |
| Current Investment | 464 | 332 | 226 | 424 | 177 | 1,253 | 1,356 | 2,463 | 1,986 | 2,106 |
| Other Current Asset | 7,594 | 7,238 | 7,801 | 3,063 | 2,288 | 1,432 | 1,302 | 1,064 | 1,841 | 2,489 |
| Total Assets ⓘ | 17,372 | 18,210 | 19,051 | 25,757 | 30,569 | 33,296 | 34,761 | 35,102 | 40,886 | 50,973 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -1,082 | 313 | -1,025 | -6,057 | -4,278 | 304 | -251 | 1,739 | -4,981 | -7,223 |
| Cash Flow From Investing Activity ⓘ | 482 | -175 | -190 | -367 | 1,028 | -1,734 | 82 | -1,077 | 467 | 246 |
| Cash Flow From Financing Activity ⓘ | 571 | -141 | 1,215 | 6,460 | 3,254 | 1,319 | 253 | -687 | 4,573 | 7,363 |
| Net Cash Flow ⓘ | -28 | -4 | 1 | 36 | 3 | -111 | 83 | -24 | 59 | 387 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 41 | 43 | 45 | 51 | 101 | 65 | 73 | 81 | 98 | 131 |
| DPS (₹) | 11 | 11 | 12 | 12 | 18 | 13 | 18 | 20 | 27 | 30 |
| BVPS (₹) | 268 | 298 | 337 | 372 | 454 | 499 | 556 | 620 | 696 | 852 |
Performance Ratios | ||||||||||
| ROA (%) | 2.7 | 2.7 | 2.7 | 2.5 | 4.0 | 2.3 | 2.4 | 2.6 | 2.9 | 3.2 |
| ROE (%) | 16.9 | 15.2 | 14.0 | 14.3 | 24.6 | 13.7 | 13.8 | 13.8 | 14.9 | 16.9 |
| ROCE (%) | 12.3 | 12.1 | 11.3 | 10.3 | 11.8 | 9.6 | 9.3 | 8.4 | 8.5 | 9.7 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 5.7 | 4.4 | 4.8 | 4.5 | 3.4 | 2.4 | 4.7 | 3.1 | 3.3 | 4.9 |
Sundaram Finance, a Sundram Group company, was incorporated in 1954, with the object of financing the purchase of commercial vehicles and passenger cars. The company was started with a paid-up capital of Rs.2.00 Lakhs and later went public in 1972.
The company's shares were listed in the Madras Stock Exchange in 1972 and in the National Stock Exchange in January 1998.
Subsequently, the equity shares of the company have been delisted from Madras Stock Exchange Limited (MSE) with effect from January 27, 2004, in accordance with SEBI (Delisting of Securities) Guidelines, 2003, for voluntary delisting.
Sundaram has grown today into one of the most trusted financial services groups in India. Today, the activities of the group span savings products like deposits and mutual funds, car and commercial vehicle finance, insurance, home loans, software solutions, business process outsourcing, tyre finance, fleet cards and logistics services. The strength of the Group lies in the quick completion of transactions, long association with transporters for generations and the intimate knowledge of the market and its nuances.
The Group has a vast network of over 400 branches to cater to the financing needs of our customers.
Sundaram Finance is one of the oldest and largest providers of finance for the acquisition of commercial vehicles of all makes.The commercial vehicle finance provided by it helps the small operators to acquire vehicles with minimum hassle and documentation. It provides customised financing options to suit the needs.
Large fleet operators also find it easy to expand their fleet through the finance provided by the company. It also offers special schemes, supported by the manufacturers, where the rates are highly competitive. The finance schemes are easy to understand and without any hidden costs.
The other Group Companies:
Milestones:
Awards/ Achievements
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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