Sundaram-Clayton

₹1621 -158.1 | 8.9%

WEBSITE BSE:544066 NSE : SUNCLAY 10 May, 16:01

Market Cap ₹3280 Cr.

Stock P/E -29.8

P/B 5.5

Current Price ₹1621

Book Value ₹ 296.6

Face Value 5

52W High ₹1875.7

Dividend Yield 0%

52W Low ₹ 1219

Edit Ratio

Sundaram-Clayton Research see more...

Overview Inc. Year: 2017Industry: Auto Ancillary

Sundaram-Clayton Limited (SCL) is a leading manufacturer of aluminium and magnesium castings for the automotive industry. SCL is a subsidiary of TVS Group, one of the largest auto components manufacturing and distribution group in India. Founded in 1962, They have a diverse portfolio of products for various segments within the automotive sector, such as passenger cars, commercial vehicles, two-wheelers, and others. It also offers digital solutions for smart manufacturing across every supply chain vertical. Company has a strong presence in India and abroad, with 10 manufacturing plants and 5 overseas subsidiaries. The promoters of the company are Mr. Venu Srinivasan and Mr. R Gopalan, who hold 74.45% and 0.01% of the shareholding respectively. Their vision is to be a global leader in light metal castings and to deliver value to its customers, employees, shareholders, and society.

Sundaram-Clayton Share Price

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Peer Comparison

Sundaram-Clayton Quarterly Results

#(Fig in Cr.)	Dec 2023	Mar 2024
Net Sales	551	555
Other Income	23	8
Total Income	574	562
Total Expenditure	558	540
Operating Profit	15	23
Interest	24	22
Depreciation	43	39
Exceptional Income / Expenses	-1	-0
Profit Before Tax	-53	-39
Provision for Tax	10	9
Profit After Tax	-63	-47
Adjustments	0	0
Profit After Adjustments	-63	-47
Adjusted Earnings Per Share	-31.1	-23.4

Sundaram-Clayton Profit & Loss

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1128	1692	2053	1106
Other Income	12	6	10	31
Total Income	1140	1698	2063	1136
Total Expenditure	988	1505	1928	1098
Operating Profit	151	193	135	38
Interest	47	46	60	46
Depreciation	80	131	144	82
Exceptional Income / Expenses	-13	-13	-17	-1
Profit Before Tax	11	3	-86	-92
Provision for Tax	59	19	21	19
Profit After Tax	-48	-17	-108	-110
Adjustments	3	42	0	0
Profit After Adjustments	-45	25	-108	-110
Adjusted Earnings Per Share	-22.1	12.5	-53.3	-54.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	21%	0%	0%	0%
Operating Profit CAGR	-30%	0%	0%	0%
PAT CAGR	0%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	NA%	NA%	NA%	NA%
ROE Average	-16%	-10%	-10%	-10%
ROCE Average	-2%	2%	2%	2%

Sundaram-Clayton Balance Sheet

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	430	557	774
Minority's Interest	326	291	0
Borrowings	567	595	799
Other Non-Current Liabilities	88	80	57
Total Current Liabilities	692	802	781
Total Liabilities	2103	2325	2412
Fixed Assets	736	1390	1471
Other Non-Current Assets	782	120	141
Total Current Assets	585	815	800
Total Assets	2103	2325	2412

Sundaram-Clayton Cash Flow

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	63	21	124
Cash Flow from Operating Activities	111	105	126
Cash Flow from Investing Activities	-46	-99	-186
Cash Flow from Financing Activities	-107	97	40
Net Cash Inflow / Outflow	-42	103	-20
Closing Cash & Cash Equivalent	21	124	104

Sundaram-Clayton Ratios

#	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-22.13	12.46	-53.28
CEPS(Rs)	15.87	56.39	17.81
DPS(Rs)	0	0	0
Book NAV/Share(Rs)	212.44	275.39	382.46
Core EBITDA Margin(%)	12.37	11.08	6.06
EBIT Margin(%)	5.19	2.9	-1.29
Pre Tax Margin(%)	0.98	0.16	-4.21
PAT Margin (%)	-4.21	-0.98	-5.25
Cash Profit Margin (%)	2.85	6.74	1.76
ROA(%)	-2.26	-0.75	-4.55
ROE(%)	-11.06	-3.36	-16.2
ROCE(%)	4.41	3.46	-1.57
Receivable days	71.91	52.74	46.15
Inventory Days	98.92	75.47	71.58
Payable days	179.48	133.85	123.84
PER(x)	0	0	0
Price/Book(x)	0	0	0
Dividend Yield(%)	0	0	0
EV/Net Sales(x)	0.79	0.5	0.48
EV/Core EBITDA(x)	5.86	4.35	7.34
Net Sales Growth(%)	0	50.04	21.29
EBIT Growth(%)	0	-16.21	-153.84
PAT Growth(%)	0	65.1	-550.03
EPS Growth(%)	0	156.31	-527.6
Debt/Equity(x)	2.09	1.71	1.4
Current Ratio(x)	0.85	1.02	1.02
Quick Ratio(x)	0.4	0.52	0.5
Interest Cover(x)	1.23	1.06	-0.44
Total Debt/Mcap(x)	0	0	0

Sundaram-Clayton Shareholding Pattern

#	Sep 2023	Dec 2023	Mar 2024
Promoter	74.45	74.45	67.45
FII	1.01	1.01	0.45
DII	12.3	12.3	15.81
Public	12.24	12.24	16.29
Others	0	0	0
Total	100	100	100

#	Sep 2023	Dec 2023	Mar 2024
Promoter	1.51	1.51	1.36
FII	0.02	0.02	0.01
DII	0.25	0.25	0.32
Public	0.25	0.25	0.33
Others	0	0	0
Total	2.02	2.02	2.02

Pros

Debtor days have improved from 133.85 to 123.84days.

Cons

Company has a low return on equity of -10% over the last 3 years.
Stock is trading at 5.5 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.