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Sundaram Finance Ltd share Price

Company details

6M Return 31.17%
1Y Return 32.40%
Mkt Cap.(Cr) 32,705.68
Volume 27,390
Div Yield 0.93%
OI Chg %
Volume 27,390

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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

    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 Q1FY24 results:

  • Consolidated Q1FY24:
    • The assets under management (AUM) in the lending and general insurance businesses stood at Rs 57,150 crore as on June 30, 2023, against Rs 47,432 crore as on June 30, 2022.
      The assets under management of our asset management business stood at Rs 59,862 crore as on June 30, 2023, against Rs 48,810 crore as on June 30, 2022.
    • Profit after tax for Q1FY24 was Rs 375 crore as compared to Rs 246 crore in Q1FY23.
  • Standalone Q1FY24:
    • Disbursements for Q1FY24 recorded a growth of 32% to Rs 6,489 crore as compared to Rs 4,915 crore registered in Q1FY23.
    • The assets under management stood at Rs 37,255 crore as on June 30, 2023, as against Rs 30,552 crore as on June 30, 2022, up by 22%.
    • The total restructured assets under Covid relief measures enabled by the Reserve Bank of India were at Rs 538 crore, about 1.5% of the loan outstanding, as on June 30, 2023.
    • Gross stage 3 as on June 30, 2023, stood at 1.90% with 48% provision cover as against 2.51% with provision cover of 49% as on June 30, 2022. Net stage 3 as on June 30, 2023, closed at 1.00% as against 1.30% as on June 30, 2022.
    • The Gross and Net NPA, as per RBI’s new asset classification norms for NBFCs, are 2.96% and 2.00% respectively as against 2.66% and 1.41% as of June 30, 2022 (based on old norms).
    • Cost to income ratio closed at 35.27% in Q1FY24 as against 36.02% in Q1FY23.
    • Profit after tax registered a 25% rise in Q1FY24, with net profit at Rs 281 crore. The company registered a net profit of Rs 226 crore in Q1FY23.
    • Return on assets (ROA) for Q1FY24 closed at 2.7% as against 2.5% for Q1FY23. Return on equity (ROE) was at 14.3% for Q1FY24 as against 12.9% for Q1FY23. Excluding investments in subsidiaries and group companies, core ROE was at 16.2% for Q1FY24 as against 15.5% for Q1FY23.
    • Capital Adequacy Ratio stood at 21.4% (Tier I –17%) as of June 30, 2023, compared to 24.1% (Tier I – 17.8%) as of June 30, 2022.

“The first quarter of FY24 has been satisfying. Assets under management grew by 22%, net stage 3 assets closed at 1.00% and profit after tax recorded a 25% growth to Rs 281 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. Overall, our time-tested approach of steady and sustainable growth with best-in-class asset quality and consistent profitability remains our primary focus," said Harsha Viji, Executive Vice Chairman.



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


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Sundaram Finance Ltd Stocks COMPARISION


Equity Capital: 8,794.83 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,117.66 -3,609.01
LAST 3M 37,244.98 8,192.34
LAST 6M 47,342.46 155,367.92
LAST 12M 134,407.88 155,858.29
Sundaram Finance Limited - Shareholders meeting

Sep 21, 2023 l NSE Announcement

Sundaram Finance Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Sep 15, 2023 l NSE Announcement

Date Action Type Ratio
Jul 05, 2023 Dividend 150
Feb 17, 2023 Dividend 120
Jul 08, 2022 Dividend 100

Sundaram Finance Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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.

Registered Address

21 Patullos Road, , Chennai, Tamil Nadu, 600002

Tel : 91-44-28521181
Email : investorservices:sundaramfinance.in
Website : http://www.sundaramfinance.in

Cameo Corporate Services Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 590071
Book Closure Date (Month) :
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 Sep 22, 2023 11:09 AM the closing price of Sundaram Finance Ltd was ₹ 2,943.70.

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 Sep 22, 2023 11:09 AM, the market cap of Sundaram Finance Ltd stood at ₹ 32,705.68.

The latest PE ratio of Sundaram Finance Ltd as of Sep 22, 2023 11:09 AM is 22.4

The latest PB ratio of Sundaram Finance Ltd as of Sep 22, 2023 11:09 AM is 0.31

The 52-week high of Sundaram Finance Ltd is ₹ 2,980.00 while the 52-week low is ₹ 2,125.95

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

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