Sundaram Finance

₹4719.6 -45.9 | 1%

WEBSITE BSE:590071 NSE : SUNDARAM FIN 18 May, 12:50

Market Cap ₹52437 Cr.

Stock P/E 32.6

P/B 4.8

Current Price ₹4719.6

Book Value ₹ 987.6

Face Value 10

52W High ₹4956

Dividend Yield 0.57%

52W Low ₹ 2210.7

Edit Ratio

Sundaram Finance Research see more...

Overview Inc. Year: 1954Industry: Finance - NBFC

Sundaram Finance Ltd is an totally India-based non-banking finance organisation. The Company is primarily engaged in the business of financing commercial vehicles, cars, construction equipment and different motors within the retail section. The Company's segments comprises Asset Financing and Others. It offers financing for industrial vehicles, cars, and utility vehicles, tractors and farm system, small and medium size businesses (SMEs) finance and various working capital products for financing diesel, tires, coverage as well as working capital for SMEs. The Company via its subsidiaries, gives domestic finance, loans against property, mutual funds and investment management solutions and quite a number of general insurance products and services. The Company has a presence of over six hundred branches. Its subsidiaries encompass Sundaram Home Finance Ltd, Sundaram Asset Management Company Ltd, Sundaram Finance Holdings Ltd and Sundaram Trustee Company Ltd, amongst others.

Sundaram Finance Share Price

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Peer Comparison

Sundaram Finance 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
Operating Revenue	1293	1286	1272	1246	1337	1410	1484	1582	1708	1821
Other Income	6	4	23	7	3	1	58	8	2	7
Total Income	1299	1290	1295	1253	1340	1410	1542	1590	1711	1828
Total Expenditure	426	367	274	331	329	327	301	383	376	351
Operating Profit	873	923	1021	922	1011	1083	1241	1207	1335	1478
Interest Expense	547	551	546	541	578	622	666	738	820	910
Depreciation	22	25	34	29	33	36	41	39	44	48
Profit Before Tax	304	347	441	353	400	425	533	430	471	520
Provision for Tax	90	84	95	95	119	103	122	122	143	122
Profit After Tax	214	263	346	257	281	322	411	308	328	398
Adjustments	45	26	-6	-12	25	11	22	67	38	29
Profit After Adjustments	259	289	340	246	306	333	433	375	365	427
Adjusted Earnings Per Share	23.5	26	30.9	22.1	27.8	30	39.3	33.8	33.2	38.5

Sundaram Finance 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
Operating Revenue	3684	4087	4238	4959	5555	6290	3693	4708	5248	5108	5476	6595
Other Income	26	38	58	80	42	54	19	52	143	77	77	75
Total Income	3710	4125	4296	5039	5597	6344	3713	4760	5390	5186	5553	6671
Total Expenditure	1288	1412	1542	2225	2736	3906	932	1226	1257	1392	1297	1411
Operating Profit	2423	2712	2754	2814	2861	2438	2780	3534	4133	3794	4256	5261
Interest Expense	1516	1724	1782	1815	1735	1344	1770	2427	2711	2276	2406	3134
Depreciation	101	112	112	106	104	79	58	91	93	101	139	172
Profit Before Tax	807	876	860	893	1022	1014	1418	1016	1330	1417	1711	1954
Provision for Tax	247	296	287	308	345	348	388	210	328	350	439	509
Profit After Tax	559	580	573	585	677	666	1030	805	1002	1067	1272	1445
Adjustments	5	1	3	-2	6	63	131	-14	163	107	46	156
Profit After Adjustments	564	581	576	583	683	730	1161	792	1165	1173	1318	1600
Adjusted Earnings Per Share	50.8	52.3	51.8	52.5	61.5	66.3	105.4	71.9	105.7	106.5	119.6	144.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	7%	5%	-3%	4%
Operating Profit CAGR	12%	6%	12%	6%
PAT CAGR	19%	16%	14%	9%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	93%	25%	26%	20%
ROE Average	14%	13%	14%	16%
ROCE Average	8%	9%	9%	11%

Sundaram Finance 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	2614	3080	3750	4195	4809	5649	6259	6677	7730	8795	9910
Minority's Interest	278	377	410	604	681	2307	1739	1455	1720	2294	2729
Borrowings	8080	9046	11214	8734	10592	16620	23898	35346	33207	33278	37755
Current Liability	10492	10743	9579	13226	13205	9260	1687	1197	3849	3727	5614
Other Liabilities & Provisions	466	519	710	1141	1336	150	88	-53	-48	-94	-123
Total Liabilities	21930	23765	25662	27899	30623	33986	33671	44623	46458	48000	55885
Loans	11257	11541	12346	12933	14013	19954	25929	27358	28798	28033	33037
Investments	1231	1444	1802	3080	3527	7950	4139	3135	3944	4696	5257
Fixed Assets	541	559	515	817	813	773	394	847	815	1070	1201
Other Loans	324	966	1332	1575	1945	367	213	315	355	412	528
Other Non Current Assets	28	52	89	126	123	229	196	149	97	69	90
Current Assets	8550	9203	9577	9368	10203	4714	2800	12818	12450	13673	15677
Total Assets	21930	23765	25662	27899	30623	33986	33671	44623	46458	48000	55885

Sundaram Finance 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	391	410	623	395	362	176	138	176	64	150	134
Cash Flow from Operating Activities	-2210	-564	-1430	310	-965	-5547	-4200	9	450	1781	-6504
Cash Flow from Investing Activities	-483	-228	446	-103	-554	-1182	1000	-1983	-243	-1597	669
Cash Flow from Financing Activities	2713	1004	757	-261	1394	6756	3212	1862	-122	-200	5890
Net Cash Inflow / Outflow	19	213	-227	-54	-124	27	12	-111	85	-16	54
Closing Cash & Cash Equivalent	410	623	395	362	238	203	150	64	150	134	188

Sundaram Finance 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)	50.76	52.3	51.83	52.49	61.52	66.28	105.4	71.85	105.74	106.48	119.58
CEPS(Rs)	59.41	62.32	61.66	62.21	70.3	67.68	98.77	81.35	99.38	105.98	128
DPS(Rs)	9	10	10.5	11	11.5	12	17.5	13	18	20	27
Book NAV/Share(Rs)	235.22	277.16	337.38	377.38	432.71	512.78	568.03	605.87	701.52	797.96	898.98
Net Profit Margin	15.19	14.2	13.52	11.79	12.19	10.6	27.88	17.11	19.09	20.88	23.22
Operating Margin	63.03	63.63	62.33	54.59	49.63	37.5	86.32	73.14	76.99	72.29	75.19
PBT Margin	21.9	21.44	20.29	18	18.4	16.13	38.39	21.58	25.34	27.73	31.24
ROA(%)	2.79	2.54	2.32	2.18	2.31	2.06	3.04	2.06	2.2	2.26	2.45
ROE(%)	23.42	20.39	16.78	14.73	15.04	12.75	17.3	12.46	13.91	12.91	13.6
ROCE(%)	13.05	12.9	12.16	11.9	11.49	9.12	10.99	9.32	9.31	8.27	8.42
Price/Earnings(x)	9.34	12.61	29.36	24.95	26.14	25.26	14.79	16.71	24.44	18.22	19.1
Price/Book(x)	2.02	2.38	4.51	3.47	3.72	3.27	2.74	1.98	3.68	2.43	2.54
Dividend Yield(%)	1.9	1.52	0.69	0.84	0.72	0.72	1.12	1.08	0.7	1.03	1.18
EV/Net Sales(x)	5.63	5.84	8.17	6.52	6.67	6.11	11.19	10.28	12.22	11.16	12.18
EV/Core EBITDA(x)	8.56	8.8	12.57	11.5	12.96	15.77	14.86	13.69	15.52	15.03	15.68
Interest Earned Growth(%)	22.67	10.93	3.7	17.01	12.01	13.23	-41.28	27.46	11.47	-2.65	7.2
Net Profit Growth	30.54	3.76	-1.29	2.07	15.76	-1.56	54.52	-21.8	24.43	6.44	19.23
EPS Growth(%)	23.16	3.03	-0.89	1.27	17.2	7.74	59.01	-31.83	47.17	0.7	12.3
Interest Coverage(x) %	1.53	1.51	1.48	1.49	1.59	1.75	1.8	1.42	1.49	1.62	1.71

Sundaram Finance Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	35.89	38.49	38.49	38.49	38.49	38.49	38.49	38.49	37.88	37.87
FII	12.43	9.91	7.83	7.57	7.69	7.78	7.78	8.35	8.31	13.36
DII	11.75	14.27	16.22	16.7	16.8	16.87	16.94	16.55	16.84	12.39
Public	39.92	37.33	37.45	37.23	37.02	36.86	36.78	36.61	36.97	36.39
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	3.99	4.28	4.28	4.28	4.28	4.28	4.28	4.28	4.21	4.21
FII	1.38	1.1	0.87	0.84	0.85	0.86	0.86	0.93	0.92	1.48
DII	1.31	1.59	1.8	1.86	1.87	1.87	1.88	1.84	1.87	1.38
Public	4.44	4.15	4.16	4.14	4.11	4.09	4.09	4.07	4.11	4.04
Others	0	0	0	0	0	0	0	0	0	0
Total	11.11	11.11	11.11	11.11	11.11	11.11	11.11	11.11	11.11	11.11

Pros

Cons

Promoter holding is low: 37.87%.
Company has a low return on equity of 13% over the last 3 years.
Stock is trading at 4.8 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.