KIRA
KIRA Research · Auto Components · Fasteners & Precision Components

Sundram Fasteners Limited

NSE: SUNDRMFAST · BSE: 500403 · ISIN INE387A01021 · Data as of 2026-09-26
Research: READYConfidence: MEDIUMKIRA Score: Not yet scoredMidFigures: INR crore; basis shown per row

KIRA view

Established ancillary with improving PAT; FY26 series needs exchange-filing re-basing at publication. Major strength: TVS lineage + diversification. Major risk: OEM concentration. ANALYSIS

Pillar 1 — Business Quality & Moat

Business overview, segments, revenue drivers, competitive position and industry standing.

Revenue drivers

  • OEM offtake ANALYSIS
  • Exports ANALYSIS
  • EV/diversification components ANALYSIS

Competitive position — peers

  • Sundaram Clayton peers ANALYSIS
  • Bharat Forge (partial) ANALYSIS
  • Minda/Uno Minda (adjacent) ANALYSIS

Pillar 2 — Growth Quality

Revenue/AUM and profit growth, multi-year CAGR, growth consistency, growth drivers and relevant recent developments.

MetricPeriodValueBasisProvenanceSource
RevenueFY26₹6,288.82 crConsol.SOURCEDS11
Net profit (PAT)FY26₹591.18 crConsol.SOURCEDS11
PAT growth (YoY)FY269.66%Consol.SOURCEDS11
RevenueQ4FY26₹1,693.3 crConsol.SOURCEDS11
Net profit (PAT)Q4FY26₹161.4 crConsol.SOURCEDS11
RevenueFY25₹5,955.42 crConsol.SOURCEDS11
Net profit (PAT)FY25₹539.1 crConsol.SOURCEDS11
Profit for the year (incl. NCI)FY26₹592.85 crConsol.SOURCEDS11

Notes

  • FY26 consolidated series re-based on the audited results (S11): revenue ₹6,288.82 crore, attributable PAT ₹591.18 crore, net margin 9.4%. Kimi's ~10.3% NPM was standalone PAT over standalone total income. ANALYSIS S11

Growth drivers

  • EV component pivot ANALYSIS
  • Export recovery ANALYSIS
  • Diversification beyond fasteners ANALYSIS

Recent developments

  • 30 Apr 2026 — Board approved audited standalone and consolidated results for FY26; statutory auditors issued an unmodified opinion. [Company disclosure] SOURCED S10, S11

Pillar 3 — Profitability & Return Ratios

Margins, ROE, ROCE, and ROA/NIM for financial companies.

MetricPeriodValueBasisProvenanceSource
Margin (PAT/revenue)Q4FY269.5%Consol.SOURCEDS11

Pillar 4 — Balance Sheet Strength

Debt, leverage, liquidity, capital adequacy and asset quality where applicable.

Notes

  • note: Detail pending ANALYSIS

Pillar 5 — Cash Flow & Earnings Quality

CFO, FCF, CFO/PAT, working capital and, for lenders, credit-cost quality.

Notes

  • note: Detail pending ANALYSIS

Pillar 6 — Governance & Shareholding

Promoter holding and pledge, FII/DII/public holding, auditor, board, regulatory actions and material litigation.

NOT VERIFIED — no verified data for this pillar yet.

Pillar 7 — Valuation Comfort

P/E, P/B, EV/EBITDA, dividend yield, historical and peer context — descriptive only; no price target.

NOT VERIFIED — no verified data for this pillar yet.

Pillar 8 — Technical Confirmation

Informational only: long-term trend context when properly sourced. No entry levels, targets, stop-losses or calls.

No sourced technical data. This pillar is informational only and never carries entry levels, targets, stop-losses or buy/sell/hold calls.

Material risks

  • OEM concentration ANALYSIS
  • Auto-cycle cyclicality ANALYSIS
  • Export demand softness ANALYSIS

Key questions to monitor

None recorded yet.

Sources

IDDocumentPublisherTypeDateAuthority
S10Outcome of Board Meeting 30-04-2026 — letter to NSE/BSE (letterhead: NSE SUNDRMFAST, BSE 500403) with audited standalone and consolidated results for the year ended 31 March 2026Sundram Fasteners Limited (filed with NSE)stock exchange filing — outcome of board meeting / audited results2026-04-30PRIMARY
S11Audited standalone and consolidated financial results for the quarter and year ended 31 March 2026 (company-hosted copy)Sundram Fasteners Limitedaudited financial results2026-04-30PRIMARY
S12Prior Intimation of Board Meeting (iXBRL) — SUNDRMFAST, Sundram Fasteners Limited, ISIN INE387A01021Sundram Fasteners Limited (filed with NSE)stock exchange filing (iXBRL)2026-04-24PRIMARY

Research status

Status
READY
Confidence
MEDIUM
Data as of
2026-09-26
KIRA Score
Not yet scored — no verified KIRA Score registry match
Method
Primary filings first; aggregators for cross-check only. SOURCED = from a cited document; ANALYSIS = KIRA interpretation; UNVERIFIED = not yet checked against a primary source.
Withheld
6 item(s) not yet verified are not shown.

Data conflicts

  • Resolved · financials.revenue/PAT.FY26
    Kimi's FY26 'consolidated' revenue 5,612 and PAT 580 (aggregator-based) do not match the consolidated audited results.
    5,612 is standalone total income (₹5,612.15 crore) and 580 is standalone PAT (₹580.38 crore). Replaced with consolidated revenue from operations ₹6,288.82 crore and attributable PAT ₹591.18 crore from the audited results (S11); PAT growth recomputed to 9.66%. Kimi values kept in qa.lineage. S10, S11