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Sundaram Finance Ltd share Price Today

Company details

4,755.00
4,873.80
2,306.05
4,886.40
6M Return 51.14%
1Y Return 104.10%
Mkt Cap.(Cr) 53,264.37
Volume 56,513
Div Yield 0.56%
OI
-
OI Chg %
-
Volume 56,513
NSE

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Mixed performance; growth, yields to be watched
About The Stock

    Sundaram Finance (SFL) is a Chennai-based financial group with a presence in auto finance, home finance, asset management and general insurance.

    • Major value is derived from its vehicle financing business with AUM of ₹ 30,552 crore as of June 2022
    • SFL has 632 branches with a substantial presence (~51%) in southern India
Q1FY23

    Sundaram Finance reported a mixed performance.

    • Disbursements grew ~2.3x YoY and 31% QoQ at ₹ 4895 crore
    • Core NII up 2.9% YoY but down 0.4% QoQ, NIMs down 21 bps QoQ at 5.3%, C/I higher at 35%
    • Decline in provision led to 17.8% YoY PAT growth at ₹ 225 crore (-24.5% QoQ)
    • Stage-3 assets increased 32 bps QoQ to 2.51%

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Non-banking Financial company Sundaram Finance announced Q2FY24 & H1FY24 results:

Financial Performance:
1. Highest-ever disbursements: Sundaram Finance achieved its highest-ever disbursements of Rs 13,430 crore, representing a 34% growth compared to H1FY23. This growth was witnessed across all asset classes and geographies.
2. Asset Under Management (AUM) growth: The AUM of Sundaram Finance grew by 25% to reach Rs 40,106 crore as of September 30, 2023, compared to Rs 31,980 crore in the same period last year.
3. Profit after tax growth: The company registered a net profit of Rs 648 crore for H1FY24, showing a significant increase of 22% compared to Rs 529 crore in H1FY23. The net profit for Q2FY24 was Rs 366 crore, reflecting a 21% growth compared to Q2FY23.
4. Disbursements for Q2FY24 were up by 35% over Q2FY23 and profits after tax for Q2FY24 were up by 21% to Rs 366 crore from Rs 303 crore in Q2FY23

Asset Quality and Financial Indicators:
1. Improvement in asset quality: Sundaram Finance continued to witness improvement in asset quality, with Gross Stage 3 assets at 1.86% (compared to 2.54% in September 2022) and Net Stage 3 assets at 1.08% (compared to 1.37% in September 2022).
2. Provision cover: The provision cover for Gross Stage 3 assets stood at 42%, compared to 47% in September 2022.
3. NPA levels: As per RBI's new asset classification norms, the Gross Non-Performing Assets (NPA) and Net NPA for Sundaram Finance were reported at 2.89% and 2.06% respectively in September 2023, showing improvement compared to 4.29% and 2.97% in September 2022.
4. Return on assets (ROA): The ROA for H1FY24 was 2.95% compared to 2.94% in H1FY23.
5. Capital Adequacy Ratio: The Capital Adequacy Ratio stood at 19.9% (Tier I - 15.9%) in September 2023, compared to 24.3% (Tier I - 18.2%) in September 2022, indicating a comfortable position to support planned growth.

“Team Sundaram has delivered a strong first half year of FY24. Assets under management grew by 25%, net stage 3 assets closed at 1.08% and profit after tax recorded a 22% growth to Rs 648 crore over the prior year period. Our Group companies in asset management, general insurance and home finance have continued their trajectory from FY23 and recorded strong results. We continue to rely on our time-tested approach of steady and sustainable growth with best-in-class asset quality and consistent profitability," said Harsha Viji, Executive Vice Chairman.

 

 

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Sundaram Finance Ltd shares SWOT Analysis

Strengths (9)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (4)

  • Companies with High Debt
  • MFs decreased their shareholding last quarter
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (3)

  • Highest Recovery from 52 Week Low
  • Decrease in Provision in recent results
  • RSI indicating price strength

Threats (2)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income
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Resistance and support

R1 4,860.3
R2 4,926.4
R3 4,979.1
Pivot

4,807.63

S1 4,741.5
S2 4,688.8
S3 4,622.7
EMA SMA
4,494.0
4,229.9
3,936.7
3,533.5
4,464.0
4,206.3
3,890.4
3,394.3
Delivery and volume
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CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND Bulk Purchase 2024-03-15 3796.45 912901 NSE
VANGUARD EMERGING MARKETS STOCK INDEX FUND A SERIES OF VIEIF Bulk Purchase 2024-03-15 3796.45 885527 NSE
UBS PRINCIPAL CAPITAL ASIA LIMITED Bulk Purchase 2024-03-15 3814.33 10899 NSE
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Name Category Shares
MR HARSHA VIJI . PROMOTER 1.63%
MR SRIVATS RAM . PROMOTER 1.53%
MRS NIVEDITA RAM . PROMOTER 1.48%
MR SRIRAM VIJI . PROMOTER 1.15%
MR S. VIJI . PROMOTER 1.15%
MRS GITA RAM . PROMOTER 1.03%
MRS VIJAYA RANGARAJAN . PROMOTER 0.98%
MR SUMANTH RAMANUJAM PROMOTER 0.83%
MR SRIKANTH RAMANUJAM . PROMOTER 0.82%
MRS CHITRA VIJI . PROMOTER 0.75%
MR JAIDEEP CHAKRAVARTHY PROMOTER 0.62%
MRS PREMA RAMANUJAM . PROMOTER 0.58%
MRS VIJAYA RANGARAJAN & MR SANTHANAM RAM PROMOTER 0.55%
MRS USHA RAGHAVAN PROMOTER 0.53%
MRS THANJAM RAVINDRAN PROMOTER 0.51%
Bodies Corporate PROMOTER 12.68%
M/S. INDIA MOTOR PARTS & ACCESSORIES LIMITED PROMOTER 2.61%
M/S. RAGHUVAMSA HOLDINGS PRIVATE LIMITED PROMOTER 1.67%
M/S. UTHIRATTADHI SRIRAM HOLDINGS PRIVATE LIMITED PROMOTER 1.33%
M/S. SILVER OAK HOLDINGS PRIVATE LIMITED PROMOTER 1.29%
M/S. ROHINI HOLDINGS PRIVATE LIMITED PROMOTER 1.17%
M/S. PADMALAKSHMI HOLDINGS PRIVATE LIMITED PROMOTER 1.16%
M/S. ALLEGRO HOLDINGS PRIVATE LIMITED PROMOTER 1.12%
M/S. REVATHI HOLDINGS PRIVATE LIMITED PROMOTER 1.1%
M/S. AZORIOUS HOLDINGS PRIVATE LIMITED PROMOTER 0.77%
MR ARJUN RANGARAJAN . PROMOTER 1.18%
MR ANANTH RAMANUJAM . PROMOTER 0.52%

OUR RESEARCH VIEW

Investment recommendation
Mixed performance; growth, yields to be watched
Call Date
17 Aug 2022
Entry Price 2,111.00
Target Price 2,200.00
Duration
12-18 Month
HOLD View Report
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FINANCIALS

Sales
Operating Profit
Profit after Tax
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Equity
Reserves and Surplus
Debt
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Sales
Operating Profit
Profit after Tax
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PE
Debt/Equity
P BV
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Sundaram Finance Ltd Stocks COMPARISON

Financials( ₹ in Cr) Sundaram Finance Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Jio Financial Services Ltd Indian Railway Finance Corporation Ltd
Price 4,794.10 6,731.20 1,597.35 381.75 158.05
% Change 0.18 -7.73 -3.52 -0.14 5.19
Mcap ₹ Cr 53,264.37 416,658.59 254,855.44 242,536.62 206,547.74
Revenue TTM ₹ Cr 5,110.64 41,398.35 82,071.70 44.84 23,891.95
Net Profit TTM ₹ Cr 1,066.62 11,507.69 12,209.54 31.25 6,337.01
PE TTM 33.20 32.75 33.87 151.11 32.52
1 Year Return 104.10 10.80 18.69 53.37 413.15
ROCE 8.18 11.76 12.69 0.03 5.32
ROE 12.91 23.46 28.18 0.02 14.66
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INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 8,794.83 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,210.21 -2,261.46
LAST 3M 84,754.55 29,205.23
LAST 6M 143,739.62 78,027.80
LAST 12M 219,616.53 194,212.30

Sundaram Finance Ltd Information

Stock PE (TTM)
33.2
Promoter Holding
37.88%
Book Value
951.8281
ROCE
8.18%
ROE
12.91%
Description

  • Sundaram Finance Ltd is in the Finance sector, and it is having a market capitalization worth Rs. 28,845.38 crores, it is incorporated in the year 1954. It has reported consolidated sales of Rs. 1,257.13 crores in June’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 590071, and also listed on the National Stock Exchange (NSE) with the code SUNDARMFIN.

    The company has diversified its business with operations in various divisions such as Mutual Funds, Housing Finance, General Insurance, IT, BPO, and Retail Distribution. The company has received an "AAA" (Highest Degree of Safety) rating from ICRA and CRISIL. Its short-term borrowing s have received an A1+ rating by both ICRA and CRISIL. Sundaram Finance is also the first NBFC to get listed on the Madras Stock Exchange. The company is mainly involved in the hire, purchase and lease financing of Commercial vehicles. In addition, Sundaram is involved in numerous community-focused activities to promote health, education, environment preservation, etc. The promoters of the company own 55.59% of the stake, Foreign Institutional Investors (FII) own 0.17% stake in the company, Domestic Institutional Investors (DII) own 6.34% stake in the company, and others (such as public & retail investors) hold the balance of 37.90%.

    In June 2021, quarterly net revenue was Rs. 950.14 crores, which has increased marginally by approximately 0.14 % from Rs. 948.81 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 191.58 crores, which has improved and increased by nearly 15.63% from a net profit of Rs. 165.68 crores in June 2020. In June 2021, the reported operating profit was at Rs. 915.58 crores, which is increased by 0.33% as compared to an operating profit of Rs. 912.57 crores for the quarter ending in June 2020. From an EPS of Rs. 14.91 in June 2020, the EPS of Sundaram Finance Ltd has improved and reached an EPS of Rs. 17.24 per share in June 2021. SUNDARMFIN's stock closed at Rs. 2,596.25 on 26th August’2021 (NSE). Sundaram Finance Ltd has returned 3.9% in the last six months and returned 72.51% positively in the previous year.

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Registered Address

21 Patullos Road, , Chennai, Tamil Nadu, 600002

Tel : 91-44-28521181
Email : investorservices:sundaramfinance.in; wecare:sundar
Website : http://www.sundaramfinance.in
Registrar

Cameo Corporate Services Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 590071
NSE Code : SUNDARMFIN
Book Closure Date (Month) : Jul
BSE Group : B
ISIN : INE660A01013

FAQ’s on Sundaram Finance Ltd Shares

You can buy Sundaram Finance Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Sundaram Finance Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 26, 2024 04:02 PM the closing price of Sundaram Finance Ltd was Rs.4,794.10.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of Apr 26, 2024 04:02 PM, the market cap of Sundaram Finance Ltd stood at Rs. 53,264.37.

The latest PE ratio of Sundaram Finance Ltd as of Apr 26, 2024 04:02 PM is 33.20

The latest PB ratio of Sundaram Finance Ltd as of Apr 26, 2024 04:02 PM is 0.20

The 52-week high of Sundaram Finance Ltd share price is Rs. 4,886.40 while the 52-week low is Rs. 2,306.05

According to analyst recommendations, Sundaram Finance Ltd Share has a "Buy" rating for the long term.

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