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Sundram Fasteners Q2 FY27 Share Price & Earnings Call Analysis

₹1,071.60-0.80% today
Market cap
₹22,515 Cr
P/E
36.27
ROE
14.93%
PEG
4.99
Price to sales
3.42
Debt to equity
0.15
52W high / low
₹1,270 / ₹749
Sales growth (5Y)
11.53%
EBITDA margin
15.68%
Net profit margin
9.62%
Promoter holding
46.94%
Sales (last year)
₹6,602 Cr

Sundaram fasteners ltd, a part of the TVS Group of Companies, is engaged in manufacturing critical, high precision components such as fasteners, power train components etc for the automotive, infrastructure, windmill, and aviation sectors. [1]

Guidance scorecard · Q2 FY27 call

What Sundram Fasteners Ltd's management guided
and where it ranks in Auto Components

#6of 66 in
Auto Components
Revenue20–40%MarginsUp 0–2%CapexPlannedFundraisingPlannedOrder bookRising

RevenueQ1 FY27 call

20–40%
  • Domestic segments like M&HCV, passenger cars, and tractors are expected to grow in line with or outperform industry growth (e.g., M&HCV industry grew 20% in Q1, Sundram matched that)
  • Export demand is strong, especially North American passenger cars and class 8 trucks with backlog at a 38-month high, signaling robust volume growth
  • Growth in fasteners business with new OEM additions (Hyundai, Kia) targeting INR100+ crores in 2-3 years
  • EV business scaling rapidly; revenue expected at INR200-250 crores in the current year from General Motors, potentially peaking at INR750 crores
  • Subsidiaries projected to grow ~20%, mirroring standalone business growth

2 more points from Sundram Fasteners Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 0–2%

See what Sundram Fasteners Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Current year capex guidance revised to around INR400 crores, up from the earlier INR250 crores estimate.
  • Historically, about 30% of capex is for replacement, with the balance for growth.
  • Company plans to continue investing capex periodically as part of the inherent nature of the industry.
  • Ongoing investment in wind energy fasteners expansion, with an additional INR100 crores planned to increase capacity from INR350 crores to INR500 crores annualized revenue.
  • Management is open to inorganic opportunities to shorten project timelines but no active deals currently.
  • Digital transformation investments continue, including IoT deployment and AI usage, improving productivity by 5%-10%.

2 more points from Sundram Fasteners Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Sundram Fasteners Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • Sundram Fasteners has over INR 1,000 crores worth of new project pipeline currently.
  • An approximately equal magnitude of projects is under discussion, awaiting finalization.
  • The company continues to expand its customer base and product portfolio across verticals.
  • Focused capital allocation is aligned towards enhancing non-auto business and supporting auto business growth.

2 more points from Sundram Fasteners Ltd's call on the order book

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Full Q1 FY27 analysis
Full Auto Components ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Auto Components
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Sundram Fasteners Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Auto Components companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹3,020 Cr47.8
240%+Flat₹1,998 Cr63.5
340%+Flat₹428 Cr17.5
420–40%Up 2%+₹25,721 Cr73.8
520–40%Up 2%+₹13,417 Cr40.5
6Sundram Fasteners LtdThis stock20–40%Up 0–2%₹23,344 Cr37.6

Sign up free to see every company in the sector ranking and track Sundram Fasteners Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Auto Components ranking

Financials of Sundram Fasteners Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Sundram Fasteners Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +48.51%48.51%48.51%46.94%46.94%46.94%46.94%46.94%46.94%46.94%46.94%46.94%
FIIs +12.51%12.59%13.15%13.26%13.03%12.97%11.10%10.56%10.02%11.25%11.40%11.02%
DIIs +18.47%18.63%18.68%20.34%20.82%20.94%22.67%23.28%23.83%22.39%22.30%22.60%
Public +20.51%20.26%19.65%19.45%19.19%19.13%19.27%19.21%19.19%19.42%19.34%19.43%
No. of Shareholders73,81571,61070,54971,96176,09777,15178,11578,98478,79577,34071,66468,176

Financials of Sundram Fasteners Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +1,4221,3671,4661,4981,4861,4411,5311,5331,5211,5411,6931,8461,984
Expenses +1,1911,1661,2381,2511,2411,2131,3061,2861,2691,3011,4371,5601,688
Operating Profit231201228247245228225247252240256286296
OPM %16%15%16%16%16%16%15%16%17%16%15%16%15%
Other Income +73111513372021-127911
Interest77879810911810912
Depreciation54545354565658596057606365
Profit before tax176172178192193166164199202174213224231
Tax %24%25%25%26%26%21%24%26%24%25%24%25%25%
Net Profit +133129134143144131124148153131161169173
EPS in Rs6.286.126.366.756.786.205.927.067.186.217.688.018.19

Financials of Sundram Fasteners Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +3,1563,2553,3033,8554,5583,7233,6444,9025,6635,6665,9556,2897,065
Expenses +2,7813,0122,7123,1733,7563,1302,9804,1014,8094,7775,0105,2895,986
Operating Profit3752435906818025946648018538899459991,079
OPM %12%7%18%18%18%16%18%16%15%16%16%16%15%
Other Income +17851222262727394552276346
Interest94733937465826294032343839
Depreciation116116104112129170180191198213224236245
Profit before tax182139459554652393486621661696715788841
Tax %28%10%26%30%30%17%25%26%24%24%24%25%
Net Profit +132125338388459327363462500526542593633
EPS in Rs6.256.0016.0618.4021.7715.4617.0921.7423.5424.8325.6628.1330.09
Dividend Payout %28%36%28%25%23%27%27%30%37%28%28%28%

Financials of Sundram Fasteners Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital21212121212121212121212121
Reserves8589331,2151,5101,8491,9752,3262,6002,9953,4003,7894,2544,531
Borrowings +874602701700995917710772730647823625857
Other Liabilities +5886465917568386368728918789218931,0361,200
Total Liabilities2,3412,2022,5272,9873,7033,5493,9294,2844,6244,9885,5275,9366,609
Fixed Assets +1,0199171,0311,1561,6211,9101,9211,9482,0292,0992,2532,4992,548
CWIP225469111969511911765164196112208
Investments738327068386477102137120115130
Other Assets +1,2941,1931,3951,6501,9181,5061,8252,1422,4282,5872,9573,2103,724
Total Assets2,3412,2022,5272,9873,7033,5493,9294,2844,6244,9885,5275,9366,609

Financials of Sundram Fasteners Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +106595244456457718454401469589423837
Cash from Investing Activity +-127-179-237-296-595-320-200-203-234-389-381-357
Cash from Financing Activity +20-4156-167127-377-270-186-214-235-28-436
Net Cash Flow-1112-6-1121-161221-351444
Free Cash Flow-274078156-13639626620224119129467
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit45%266%60%85%78%139%85%71%73%83%64%101%

Financials of Sundram Fasteners Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days576172757164897574808989
Inventory Days149117132128127136172145135147166175
Days Payable8493103110969215110179837891
Cash Conversion Cycle1228510193103108110119130144177173
Working Capital Days5914312924484957697886
ROCE %17%20%29%28%27%16%17%20%19%19%17%18%

Guidance history

How Sundram Fasteners Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%Up 0–2%PlannedPlannedRising
Q4 FY26 call →10–20%FlatPlanned—Rising
Q3 FY26 call →10–20%Up 0–2%Planned——
Q2 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

37out of 100

Momentum score · price trend

37 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+10.7%69%
Last 6 months+26.6%78%
Last 3 months+10.9%80%

The price is 25.3% below its all-time high of ₹1,434.25 (11 Oct 2024). Stocks more than 20% below their peak have their score halved, so 75 became 37.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Sundram Fasteners Ltd: 0.4 × 69 + 0.4 × 78 + 0.2 × 80 = 75, halved to 37 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Sundram Fasteners Ltd's management said in earlier quarters

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