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Part of the TVS Group; makes high-tensile fasteners and precision components for automotive OEMs worldwide.
Part of the TVS Group; makes high-tensile fasteners and precision components for automotive OEMs worldwide.
Sells to carmakers under multi-year, per-model supply arrangements, so earnings follow the production of the vehicles it is designed into. Exports are a substantial part, mainly to US and European customers, and it has been moving beyond plain bolts into precision parts such as powder-metal and cold-extruded components.
Moat: narrow (process know-how, customer qualification). Deep OEM qualification and precision manufacturing scale, in an otherwise price-competitive fastener category.
Headquarters: Chennai, India · Founded: 1962 · Employees: 10,865
Size Sundram Fasteners (SUNDRMFAST.NS) is an India Consumer Discretionary company (Auto Parts: OEM) with a market value of $2.40B, the 335th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,079 on 6 Nov 2026.
Performance Over six months the shares gained 24.2%, against -12.4% for the median peer and 0.0% for the India market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 17.2% over the last twelve months (peer median +10.5%); the operating margin is 11.8% (peer median 6.8%).
Valuation It trades at 31.6× forward earnings against a peer median of 18.4× (6th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 28% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +17 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.9 points below its cost of capital (12.5% WACC).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹70.6B | ₹62.8B | ₹59.4B | ₹56.5B | ₹56.5B |
| Revenue growth | — | +6% | +5% | 0% | — |
| Gross profit | ₹33.3B | ₹12.0B | ₹11.0B | ₹10.1B | ₹9.86B |
| EBITDA | ₹10.8B | ₹9.90B | ₹9.40B | ₹8.88B | ₹8.52B |
| Net income | ₹6.33B | ₹5.91B | ₹5.39B | ₹5.22B | ₹4.95B |
| Free cash flow | n/a | ₹4.44B | ₹13.8M | ₹1.62B | ₹2.03B |
| Capital expenditure | n/a | ₹3.72B | ₹3.80B | ₹4.00B | ₹2.39B |
| Total debt | ₹8.57B | ₹6.25B | ₹8.23B | ₹6.47B | ₹7.30B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sundram Fasteners SUNDRMFAST.NS | $2.40B | +24% | +17% | 12% | 31.6× | 28.4% |
| Bharat Forge BHARATFORG.NS | $9.01B | -13% | +18% | 11% | 51.4× | 46.3% |
| Illinois Tool Works ITW | $79.8B | +11% | +5% | 27% | 23.4× | 9.7% |
| Nifco 7988.T | $2.62B | +6% | +4% | 14% | 11.7× | -3.5% |
| Park-Ohio PKOH | $629M | +41% | +3% | 5% | 11.8× | 8.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SUNDRMFAST.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.3% | -8.6% | 8th highest of 21 |
| 6-month return | +24.2% | -12.4% | highest of 21 |
| Distance from 52-week high | -19.9% | -38.6% | 5th highest of 21 |
| Revenue growth (TTM) | +17.2% | +10.5% | 7th highest of 21 |
| Operating margin | 11.8% | 6.8% | 4th highest of 21 |
| Forward P/E | 31.6× | 18.4× | 6th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 28.4% | 7.6% | 4th most demanding of 14 |
| Growth delivered (Del g) | +11.6% | +9.9% | 7th highest of 14 |
| Hurdle (Req g minus delivered) | +16.8 pp | -2.0 pp | 3rd most demanding of 14 |
| ROIC minus cost of capital | -0.9 pp | -1.3 pp | 10th highest of 21 |
| EV / EBITDA | 21.7× | 12.2× | 3rd most expensive of 9 |
| Net debt / EBITDA | 0.7× | 0.6× | 5th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sundram Fasteners SUNDRMFAST.NS | India | $2.40B | +24% | +17% | 12% | 31.6× | 28.4% | +11.6% |
| Stanley Electric 6923.T | Japan | $2.41B | +1% | +11% | 7% | 9.9× | 1.3% | +7.6% |
| PHINIA PHIN | United States | $2.48B | -14% | +6% | 9% | 10.1× | 0.4% | +27.5% |
| Hanon Systems 018880.KS | South Korea | $2.31B | -28% | +5% | 4% | 12.3× | 3.6% | +9.6% |
| Weifu High-Technology 000581.SZ | China | $2.29B | -11% | +17% | -3% | 10.2× | 16.4% | -1.4% |
| Huada Automotive Technology 603358.SS | China | $2.28B | +3% | +5% | -3% | 24.7× | n/a | n/a |
| Toyota Boshoku 3116.T | Japan | $2.28B | -9% | +8% | 2% | 7.7× | -7.3% | +9.9% |
| Chongqing Zongshen Power Machinery 001696.SZ | China | $2.25B | -24% | -5% | 5% | 17.3× | 7.6% | +9.6% |
| Gabriel India GABRIEL.NS | India | $2.58B | +22% | +24% | 7% | 47.7× | 55.1% | +22.5% |
| Feilong Auto Components 002536.SZ | China | $2.60B | -20% | +5% | 4% | 35.4× | n/a | n/a |
| IKD 600933.SS | China | $2.21B | -16% | +26% | 14% | 13.3× | n/a | n/a |
| Keboda Technology 603786.SS | China | $2.20B | -32% | -1% | 10% | 20.4× | n/a | n/a |
| Hesai 2525.HK | Hong Kong | $2.20B | -39% | +39% | 1% | 34.2× | n/a | n/a |
| Belrise Industries BELRISE.NS | India | $2.19B | -6% | +12% | 8% | 31.6× | 18.6% | +13.0% |
| Zhejiang Wanfeng Auto Wheel 002085.SZ | China | $2.64B | -36% | -2% | 7% | 19.5× | 3.7% | +8.4% |
| Shanghai Beite Technology 603009.SS | China | $2.64B | +11% | +9% | 7% | 114.7× | n/a | n/a |
| Dana DAN | United States | $2.17B | -38% | -9% | 4% | 6.1× | 8.8% | +1.1% |
| Autel Intelligent Technology 688208.SS | China | $2.14B | -37% | +14% | 19% | 13.2× | 5.0% | +25.2% |
| Ningbo Jifeng Auto Parts 603997.SS | China | $2.13B | -8% | +21% | 4% | 17.3× | n/a | n/a |
| SPR Auto Technologies SHRIPISTON.NS | India | $2.10B | +19% | +47% | 14% | 30.5× | 31.3% | +22.9% |
| Motherson Sumi Wiring India MSUMI.NS | India | $2.75B | -9% | +36% | 7% | 32.1× | 30.0% | +23.8% |