Dear Readers,
Sundram Fasteners was recommended at 404 Rs on 12/06/2017 for the Target of 600 Rs.
On 15/03/2017 Sundram Fasteners had touched the value 644 Rs and gave 59% fantastic return within 9 Months.
If comp is performing well in YOY & QOQ basis......Stock price will definitely rise.
Only we have to keep patience.
Book the full profit as my given target 600 Rs is achieved.
Happy Investing!!!!
Regards,
Kamlesh
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Dear Readers,
As i am remembering that when i have published Sundram Fasteners report in June after that sundram stock value has touched to 486 Rs and one of my friend he was appreciating my recommendation but when the stock value came down to 386 in the month of Aug'17 due to market week, he call me that he is in lost.
I am sure, some of you might be feel same condition but my friends today i would like to tell you one thing that if u have invested in my given recommended stock, you will not lose anything but only condition is that you have to stay invested for the given time period.
Within a 1.5 month, Sundram stock value has increased to 529 Rs from 386 Rs (Aug'17).
Friends, Yesterday Sundram Fasteners has zoomed to 529 Rs and made a new 52 Week High and fetched 32% fantastic return.
I have recommended at 404 Rs for the target of 600 Rs which is near by to achieve.
Friends, If you have invested strong growth company , no need to worry and this is the stock market where you should not too much greedy and not too much fear.
Those who want to stay invested up to 600 Rs can stay other wise book the profit.
Happy Investing!!
Keep visiting my blog website plus my personal website.
Regrads,
Kamlesh
------------------------------------------------------------------------------------
Dear Readers, Today Sundram Fasteners zoomed after declaring 19% Net profit........ touched new 52 Week High........471 Rs.
Was recommended at 404 Rs.......Keep it hold soon you will get 500 Rs.
Happy Investing!!
Keep visiting my blog website plus my personal website.
http://kamleshstockfayada.com
Regrads,
Kamlesh
-------------------------------------------------------------------------
Dear Readers, Today I am going to share one stock based on my personal stock research term and stock is meeting all the results and satisfying all my personal stock research term.
Part – 1 Company Overview:
Focus on - Financial Results March 2017:
Financial Chart:
Investment Rational:
Recommendation:
Sundram Fasteners was recommended at 404 Rs on 12/06/2017 for the Target of 600 Rs.
On 15/03/2017 Sundram Fasteners had touched the value 644 Rs and gave 59% fantastic return within 9 Months.
If comp is performing well in YOY & QOQ basis......Stock price will definitely rise.
Only we have to keep patience.
Book the full profit as my given target 600 Rs is achieved.
Happy Investing!!!!
Regards,
Kamlesh
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Dear Readers,
As i am remembering that when i have published Sundram Fasteners report in June after that sundram stock value has touched to 486 Rs and one of my friend he was appreciating my recommendation but when the stock value came down to 386 in the month of Aug'17 due to market week, he call me that he is in lost.
I am sure, some of you might be feel same condition but my friends today i would like to tell you one thing that if u have invested in my given recommended stock, you will not lose anything but only condition is that you have to stay invested for the given time period.
Within a 1.5 month, Sundram stock value has increased to 529 Rs from 386 Rs (Aug'17).
Friends, Yesterday Sundram Fasteners has zoomed to 529 Rs and made a new 52 Week High and fetched 32% fantastic return.
I have recommended at 404 Rs for the target of 600 Rs which is near by to achieve.
Friends, If you have invested strong growth company , no need to worry and this is the stock market where you should not too much greedy and not too much fear.
Those who want to stay invested up to 600 Rs can stay other wise book the profit.
Happy Investing!!
Keep visiting my blog website plus my personal website.
Regrads,
Kamlesh
------------------------------------------------------------------------------------
Dear Readers, Today Sundram Fasteners zoomed after declaring 19% Net profit........ touched new 52 Week High........471 Rs.
Was recommended at 404 Rs.......Keep it hold soon you will get 500 Rs.
Happy Investing!!
Keep visiting my blog website plus my personal website.
http://kamleshstockfayada.com
Regrads,
Kamlesh
-------------------------------------------------------------------------
Dear Readers, Today I am going to share one stock based on my personal stock research term and stock is meeting all the results and satisfying all my personal stock research term.
Equity Research Report – Fasteners Sector
Recommendation:Buy
Hold for 3 years
Target: 600 Rs.
Hold for 3 years
Target: 600 Rs.
Date: 12/06/2017
SUNDRAM FASTENERS LTD (SFL)
By Kamlesh Bavrva
BSE Code: 500403
NSE Code: SUNDRMFAST
CMP: 404
Market Capital: 8494
Cr.
Face Value: 1
52 Week Low / High:
164/426
Book Value: 60.35
Price/Book Value: 6.7
Dividend Yield (%): 0.53%
v Sundram Fasteners (SFL) was incorporated in
1962.
v It is a TVS Group company headquartered in
Chennai, India.
v SFL is manufacturing automotive components
and supplier to industrial segment worldwide.
v Its main customers are Maruti Suzuki, Toyota,
Volkswagen, M&M, Ashok Leyland, Tata Motors, Bajaj Auto, TVS, JCB, GE,
Dana, Honeywell, Ingersoll Rand, Bosch, Caterpillar.
SFL subsidiaries include:
v Upasana Engineering Ltd,
v Sundaram Fasteners Investment Ltd,
v Sundram Non-conventional Energy Systems Ltd,
v Sundram Bleistahi Ltd,
v Sundram Fasteners (Zhejiang) Ltd,
v Peiner Umformtechnik GmbH,
v Cramlington Precision Forge Ltd,
v Sundram RBI Sdn Bhd,
v Sundram International Inc,
v PUT Grundstucks GmbH, and Peiner Logistik
GmbH.
The product range
consists of:
v High–tensile fasteners,
v Powder metal components,
v Hot forged components,
v Radiator caps,
v Automotive pumps,
v Cold Extruded Parts
v Powder Metallurgy
v Gear shifters,
v Gears and couplings,
v Hubs and shafts, Tappets and
v Iron powder.
SFL Shareholding Pattern:
SFL Share holding Pattern
|
|
Description
|
Percent
of Share (%)
|
Promoters
|
49.53
|
Individuals
|
27.52
|
Institutions
|
20.59
|
FII
|
0.48
|
Govt.
|
0
|
Others
|
1.88
|
Total
|
100
|
SFL Dividend History:
Sundram Fasteners - Dividend Declared
|
||||
Announcement
|
Effective
|
Dividend
|
Dividend
|
Remarks
|
Date
|
Date
|
Type
|
(%)
|
|
24/05/2017
|
10/08/2017
|
Final
|
280
|
Rs.2.8000
per share(280%) Dividend.
|
02/11/2016
|
10/11/2016
|
Interim
|
170
|
Rs.1.7000
per share(170%)Interim Dividend
|
09/03/2016
|
17/03/2016
|
Interim
|
130
|
Rs.1.3000
per share(130%)Second Interim Dividend
|
02/11/2015
|
13/11/2015
|
Interim
|
85
|
Rs.0.8500
per share(85%)Interim Dividend
|
29/05/2015
|
09/06/2015
|
Interim
|
90
|
Rs.0.9000
per share (90%) Second Interim Dividend
|
07/11/2014
|
17/11/2014
|
Interim
|
85
|
Rs.0.8500
per share(85%)Interim Dividend
|
30/05/2014
|
10/06/2014
|
Interim
|
100
|
Re.1.0000
per share (100%) Second Interim Dividend
|
01/11/2013
|
12/11/2013
|
Interim
|
70
|
Rs.0.7000
per share(70%)Interim Dividend
|
30/05/2013
|
11/06/2013
|
Interim
|
80
|
Rs.0.8000
per share(80%)Interim Dividend
|
08/11/2012
|
22/11/2012
|
Interim
|
60
|
Rs.0.6000
per share(60%)First Interim Dividend
|
28/05/2012
|
07/06/2012
|
Interim
|
80
|
Second
Interim Dividend
|
31/01/2012
|
15/02/2012
|
Interim
|
60
|
First
Interim Dividend
|
24/05/2011
|
06/06/2011
|
Interim
|
70
|
Second
Interim Dividend
|
01/11/2010
|
16/11/2010
|
Interim
|
55
|
-
|
31/05/2010
|
10/06/2010
|
Interim
|
50
|
Second
Interim Dividend
|
01/02/2010
|
09/02/2010
|
Interim
|
40
|
-
|
04/06/2009
|
16/06/2009
|
Interim
|
50
|
-
|
06/06/2008
|
20/06/2008
|
Interim
|
45
|
Second
Interim Dividend
|
12/10/2007
|
05/11/2007
|
Interim
|
45
|
-
|
06/03/2007
|
20/03/2007
|
Interim
|
45
|
Second
Interim Dividend
|
13/11/2006
|
30/11/2006
|
Interim
|
85
|
|
08/06/2006
|
22/06/2006
|
Interim
|
85
|
Second
Interim Dividend
|
10/10/2005
|
02/11/2005
|
Interim
|
85
|
Interim
dividend of Re. 0.85 per equity share of Re 1 each.
|
05/07/2005
|
14/07/2005
|
Interim
|
100
|
Second
Interim Dividend
|
15/10/2004
|
04/11/2004
|
Interim
|
70
|
Re.0.70
per equity shares of Re.1 each (Revised)
|
01/07/2004
|
30/07/2004
|
Final
|
80
|
AGM
|
29/10/2003
|
28/11/2003
|
Interim
|
60
|
-
|
30/06/2003
|
29/08/2003
|
Final
|
120
|
AGM
|
03/09/2002
|
29/08/2002
|
Final
|
0
|
AGM
& Nil Final Dividend
|
17/05/2002
|
18/06/2002
|
Interim
|
100
|
-
|
27/07/2001
|
14/08/2001
|
Final
|
70
|
AGM
|
v Sundram Fasteners Limited, has recorded standalone profits up
to Rs 87.66 crore for the fourth quarter, ending on March 31 2017.
v For this year, ending on March 31, the standalone
net profits surged to Rs 315.48
crore from the Rs 213.99 crore registered last year.
v The total income from operations for the
January-March 31, 2017 quarter went up to Rs 831.56 crore from Rs 768.46 crore registered during the same time last year.
v The total income from operations for the year
grew to Rs 3,173.11 crore from the Rs 2,843.99 crore registered last year.
v On the exports front, the company said sales
for the year ending March 31, 2017 was at Rs 1,044.11 crore as against Rs
908.12 crore registered last year.
v The earnings per share surged to Rs 15.01 and
export sales crossed Rs 1,000 crore mark during the year ending March 31, 2017.
v The Earnings Before Interest and depreciation
for the current year was at Rs 560.43
crore as compared to Rs 418.91 crore registered last year.
SFL - Financial Data Based on My Research Terms:
My Investment Research
Term
|
SUNDRAM FASTENERS
LIMITED
|
||
Sr. No
|
Research Term
|
Investing Guidance
|
Result
|
1
|
Company Promoter Share Pldege
|
<5%
, better if it is Nil
|
Nil
|
2
|
Last 3~5 Years - Book
Value
|
Should
Increasing trend
|
Yes, Increasing trend (5 Years)
|
3
|
Last 3~5 years - Reserve and Surplus
|
Should
Increasing trend
|
Yes, Increasing trend (5 Years)
|
4
|
Last 3~5 Years - Revenue/Net Sale
|
Should
Increasing trend
|
Yes, Increasing trend (5 Years)
|
5
|
Last 3~5 Years - Net Cash Flow From Operating Activities
|
Should
Increasing trend
|
Yes, Increasing trend (5 Years)
|
6
|
Debt Ratio
|
||
i
|
Debt/EBITDA
|
<3
|
2.1
|
ii
|
Interest Coverage Ratio
|
Should
not be < 1
|
Is Not < 1
|
iii
|
Debt Ratio
|
<3,
Debt free is better
|
0.54
|
iv
|
Longterm debt to total asset ratio
|
Decreasing
Trend
|
Yes , Decreasing Trend
|
7
|
Liquidity Ratio
|
||
i
|
Acid test Ratio or Quick Ratio
|
>1
|
0.5
|
ii
|
Current Ratio
|
>1
is good
|
1.09
|
8
|
Profitability Ratio
|
||
I
|
Last 3~5 Year EBITDA
|
Should
Increasing trend
|
Yes, Increasing trend (5 Years)
|
II
|
Last 3~ 5 year AAGR -
ROCE
|
>15%
|
33%
|
III
|
Last 3~5 Year AAGR - ROE
|
>15%
|
25%
|
IV
|
Last 3~5 Year ROA
|
>5%
|
9%
|
V
|
Last 3~5 Years - NPM
|
Should
Increasing trend
|
Yes, Increasing trend (5 Years)
|
9
|
Asset Management Ratio
|
||
I
|
Asset Turnover
|
The
higher number,the better
|
Yes higher number
|
10
|
Cash Flow Indicator
Ratio
|
||
I
|
Free Cash Flow should be higher than Previous year
|
Should
Increasing trend
|
Yes Higher Number
|
II
|
Operating cash flow to Sale ratio
|
Higher
Number is good
|
Yes Higher Number
|
11
|
Market Value Ratio
|
||
I
|
Avg EV/EBITDA
|
<10
Good Healthy
|
8
|
II
|
PEG Ratio
|
<1
|
1.6
|
12
|
Financial Analysis
|
||
I
|
AAGR - Avg Annaul Growth Rate
|
||
Last 3~ 5 Yr AAGR (Avg annaul growth rate) Sales Growth rate
|
>
10%
|
9% (5 Year)
|
|
Last 3~ 5 Yr AAGR (Avg annaul growth rate) Net Profit Growth
rate
|
>12%
|
25% (5 Year)
|
|
Last 3~ 5 Yr AAGR (Avg annaul growth rate) Diluted EPS Growth
rate
|
>15%
|
20% (5 Year)
|
|
II
|
CAGR - Compounding Annaul Growth Rate
|
||
Last 3~ 5 Yr CAGR (Compounding annaul growth rate) Sales Growth
rate
|
>10%
|
11% (5 Year)
|
|
Last 3~ 5 Yr CAGR (Compounding annaul growth rate) Net Profit
Growth rate
|
>12%
|
35% (5 Year)
|
|
Last 3~ 5 Yr CAGR (Compounding annaul growth rate) EBITDA Growth
rate
|
>12%
|
19 % (5 Year)
|
|
Year
|
Sales
or Operating Revenue Growth (Cr.)
|
2007
|
1199.44
|
2008
|
1205.92
|
2009
|
1262.2
|
2010
|
1333.86
|
2011
|
1810.72
|
2012
|
2146.64
|
2013
|
2069.42
|
2014
|
2022.28
|
2015
|
2385.76
|
2016
|
2606.58
|
2017
|
3159.91
|
Year
|
Net
Profit
|
2007
|
71.86
|
2008
|
67.38
|
2009
|
15.49
|
2010
|
75.43
|
2011
|
105.43
|
2012
|
112.6
|
2013
|
95.06
|
2014
|
120.89
|
2015
|
135.32
|
2016
|
211.17
|
2017
|
315.48
|
Year
|
EBITDA
OR PBDIT
|
2007
|
169.99
|
2008
|
154.43
|
2009
|
165.62
|
2010
|
172.75
|
2011
|
234.46
|
2012
|
313.15
|
2013
|
283.63
|
2014
|
304.84
|
2015
|
356.79
|
2016
|
419.51
|
2017
|
560.43
|
1.
SFL current P/E is running below
Industry P/E.
2.
Positive impact on company business
due to suspecting GST implication from 01/07/2017.
3.
Strong YOY% increasing in Sale with
Net Profit.
4.
Robust profit from export business.
5.
Will benefited due to fastest grow of
domestic commercial vehicle industry on YOY basis.
6.
Strong leader in his business and
products.
7.
Government focus in Road & Infra structure,
Auto industry 2 wheeler will boost up.
8.
Suspecting strong tractor growth due
to good monsoon.
9.
Company is investing working capital/
profit in Capex for business expansion
v Stock
CMP is 404 Rs. and stock is trading at P/E 27 & TTM EPS 15, due to fastest
growing company and based on all above investment points, stock may touch 470
Rs. Short term and may touch 650 Rs. within a 3 years’ time horizon.
Please
note:
v Note: The articles
are not research reports but assimilation of information available on public
domain and it should not be treated as a research report.
Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”
Disclosure:It is safe to assume that I might have the discussed companies in my portfolio and hence my point of view can be biased. Readers should consult registered consultants before making any investments.
Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”
Disclosure:It is safe to assume that I might have the discussed companies in my portfolio and hence my point of view can be biased. Readers should consult registered consultants before making any investments.
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