Sundaram BrakeLining

₹769.1 2.9 | 0.4%

WEBSITE BSE:590072 NSE : SUNDARAM BRK 18 May, 12:50

Market Cap ₹303 Cr.

Stock P/E 25.9

P/B 3.2

Current Price ₹769.1

Book Value ₹ 241.3

Face Value 10

52W High ₹790.9

Dividend Yield 0%

52W Low ₹ 310.6

Edit Ratio

Sundaram BrakeLining Research see more...

Overview Inc. Year: 1974Industry: Auto Ancillary

Sundaram Brake Linings Ltd is a prominent automotive component manufacturing company specializing in brake linings and friction materials. With a legacy spanning several decades, the company has established itself as a trusted provider of high-quality braking solutions for various vehicles, including cars, trucks, and motorcycles. Sundaram Brake Linings is renowned for its state-of-the-art manufacturing facilities, cutting-edge research and development, and a commitment to delivering superior performance and safety. The company's innovative products cater to both domestic and international markets, serving the automotive industry's stringent requirements. As a frontrunner in the sector, Sundaram Brake Linings Ltd continues to contribute significantly to enhancing vehicle safety and efficiency through its advanced friction technology.

Sundaram BrakeLining Share Price

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Peer Comparison

Sundaram BrakeLining Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	69	81	81	89	87	87	92	93	85	85
Other Income	1	1	1	2	0	0	0	0	1	0
Total Income	70	82	82	91	87	88	92	94	86	85
Total Expenditure	68	81	79	89	89	88	87	87	80	79
Operating Profit	1	0	4	1	-1	-0	5	7	6	6
Interest	0	0	1	1	1	1	1	1	1	1
Depreciation	1	1	2	1	1	2	2	2	2	2
Exceptional Income / Expenses	0	0	2	0	0	0	0	0	0	0
Profit Before Tax	-1	-2	4	-1	-4	-3	2	4	3	4
Provision for Tax	-0	0	0	-1	-0	-0	0	1	1	1
Profit After Tax	-1	-2	4	-0	-4	-3	2	4	3	3
Adjustments	0	-0	0	0	0	0	0	-0	-0	0
Profit After Adjustments	-1	-2	4	-0	-4	-3	2	4	3	3
Adjusted Earnings Per Share	-1.4	-4.1	9.1	-1.1	-9.2	-7.3	5.5	8.9	7.3	8

Sundaram BrakeLining Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	232	247	237	228	228	247	286	258	237	295	355	355
Other Income	1	3	1	2	2	3	3	5	1	3	3	1
Total Income	233	249	237	230	229	250	289	263	238	298	358	357
Total Expenditure	226	241	236	221	219	240	275	252	229	292	352	333
Operating Profit	7	8	2	9	10	10	14	11	9	6	5	24
Interest	3	3	4	3	3	2	3	2	2	3	5	4
Depreciation	8	8	7	6	5	4	5	5	6	6	6	8
Exceptional Income / Expenses	0	3	0	0	0	0	0	0	0	2	0	0
Profit Before Tax	-4	0	-9	0	1	4	6	3	2	0	-5	13
Provision for Tax	0	5	6	1	-0	-0	-1	0	-4	0	-1	3
Profit After Tax	-4	-5	-15	-0	2	4	7	3	6	0	-5	12
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-4	-5	-15	-0	2	4	7	3	6	0	-5	12
Adjusted Earnings Per Share	-11.2	-13.3	-37	-1	4.5	9.6	17.9	6.4	15.3	0.2	-12.2	29.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	20%	11%	8%	4%
Operating Profit CAGR	-17%	-23%	-13%	-3%
PAT CAGR	0%	NAN%	NAN%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	127%	30%	21%	16%
ROE Average	-5%	1%	3%	-1%
ROCE Average	-1%	2%	4%	3%

Sundaram BrakeLining Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	92	87	70	69	71	75	82	84	90	91	85
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	13	13	8	3	0	0	0	0	1	0	5
Other Non-Current Liabilities	12	14	13	14	21	24	22	22	11	11	10
Total Current Liabilities	58	69	87	85	68	72	85	73	80	96	106
Total Liabilities	175	183	177	172	160	170	189	179	182	197	206
Fixed Assets	86	87	81	74	71	67	67	67	66	68	67
Other Non-Current Assets	3	4	4	8	7	8	9	8	8	6	8
Total Current Assets	86	92	92	90	83	95	113	104	108	123	132
Total Assets	175	183	177	172	160	170	189	179	182	197	206

Sundaram BrakeLining Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	8	4	5	-34	4	4	4	4	3	0	0
Cash Flow from Operating Activities	4	8	-1	8	19	4	3	17	-4	-2	1
Cash Flow from Investing Activities	-4	-9	-2	-2	-1	1	-4	-6	-4	-8	-6
Cash Flow from Financing Activities	-4	2	2	-9	-18	-5	2	-12	5	10	5
Net Cash Inflow / Outflow	-4	1	-1	-2	0	-0	0	-0	-3	0	-0
Closing Cash & Cash Equivalent	4	5	3	-37	4	4	4	3	0	0	0

Sundaram BrakeLining Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-11.2	-13.26	-36.97	-1.04	4.47	9.57	17.93	6.4	15.25	0.2	-12.15
CEPS(Rs)	8.62	7.35	-19.47	13.05	18.14	20.51	30.5	20.18	29.55	15.43	3.37
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	233.34	220.08	177.54	176.49	180.37	189.74	208.37	213.41	229.18	230.34	217.07
Core EBITDA Margin(%)	2.24	1.98	0.26	2.73	3.51	2.86	3.97	2.25	3.44	1.11	0.73
EBIT Margin(%)	-0.44	1.15	-2.07	1.31	2	2.47	3.15	2.12	1.61	0.93	-0.21
Pre Tax Margin(%)	-1.63	0.05	-3.51	0.13	0.58	1.5	2.27	1.16	0.89	0.04	-1.52
PAT Margin (%)	-1.75	-1.96	-5.72	-0.17	0.72	1.5	2.46	0.98	2.53	0.03	-1.35
Cash Profit Margin (%)	1.34	1.09	-3.01	2.1	2.91	3.22	4.19	3.08	4.91	2.06	0.37
ROA(%)	-2.51	-2.91	-8.1	-0.24	1.06	2.28	3.93	1.37	3.32	0.04	-2.37
ROE(%)	-4.69	-5.85	-18.6	-0.59	2.51	5.17	9.01	3.03	6.89	0.09	-5.43
ROCE(%)	-0.82	2.3	-4.14	2.69	4.43	5.92	8.19	4.89	3.34	2.17	-0.57
Receivable days	74.74	74.73	80.18	80.16	72.31	70.36	73.29	81.28	90.41	79.83	68.64
Inventory Days	30.8	32.8	37.17	40.6	41.2	45.64	45.54	53.93	55.47	51.17	53.57
Payable days	68.16	65.96	89.29	116.1	107.95	83.95	80	98.8	103.32	85.33	79.41
PER(x)	0	0	0	0	92.28	52.4	18.05	24.69	23.14	1721.52	0
Price/Book(x)	0.54	0.84	1.79	1.5	2.29	2.64	1.55	0.74	1.54	1.48	1.3
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.38	0.46	0.73	0.65	0.84	0.91	0.55	0.32	0.71	0.59	0.45
EV/Core EBITDA(x)	13.05	14.73	105.56	16.84	18.66	21.35	11.23	7.61	17.85	27.08	30.1
Net Sales Growth(%)	-9.4	6.45	-4.1	-3.8	0	8.55	15.9	-9.82	-8.25	24.64	20.2
EBIT Growth(%)	-140.96	374.86	-272.24	161.11	52.64	26.28	45.83	-39.44	-30.25	-28.07	-127.62
PAT Growth(%)	-880.73	-18.34	-178.88	97.19	529.65	113.99	87.36	-64.31	138.38	-98.71	-6253.93
EPS Growth(%)	-880.71	-18.34	-178.88	97.18	529.63	113.99	87.37	-64.31	138.38	-98.71	-6253.27
Debt/Equity(x)	0.45	0.53	0.73	0.69	0.47	0.4	0.41	0.29	0.33	0.46	0.59
Current Ratio(x)	1.47	1.32	1.06	1.05	1.22	1.32	1.33	1.42	1.35	1.28	1.24
Quick Ratio(x)	1.05	0.99	0.73	0.75	0.78	0.86	0.88	0.9	0.92	0.78	0.72
Interest Cover(x)	-0.37	1.04	-1.43	1.11	1.41	2.55	3.57	2.22	2.23	1.05	-0.16
Total Debt/Mcap(x)	0.82	0.63	0.41	0.46	0.2	0.15	0.26	0.39	0.21	0.31	0.45

Sundaram BrakeLining Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	65.54	65.54	65.54	65.54	65.54	65.54	65.54	65.54	65.54	65.54
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	34.46	34.46	34.46	34.46	34.46	34.46	34.46	34.46	34.46	34.46
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26	0.26
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14
Others	0	0	0	0	0	0	0	0	0	0
Total	0.39	0.39	0.39	0.39	0.39	0.39	0.39	0.39	0.39	0.39

Pros

Debtor days have improved from 85.33 to 79.41days.

Cons

Company has a low return on equity of 1% over the last 3 years.
Stock is trading at 3.2 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.