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Sundram Fasteners: On the fast track

Nov 12, 2003

Sundram Fasteners, one of the largest manufacturers in the fastener industry, recently announced its 2QFY04 results. During the period, the topline of the company has registered a gain of around 21% while the bottomline has recorded an even more impressive growth of 40%, over the same period in the corresponding year. However, the operating margins of the company have declined marginally by around 20 basis points.

(Rs m) 2QFY03 2QFY04 Change 1HFY03 1HFY04 Change
Net Sales 1,128 1,359 20.6% 2,184 2,570 17.6%
Other Income 8 13 63.8% 12 18 45.8%
Expenditure 923 1,116 20.9% 1,769 2,114 19.5%
Operating Profit (EBDIT) 205 244 19.2% 416 456 9.7%
Operating Profit Margin (%) 18.1% 17.9%   19.0% 17.7%  
Interest (net) 21 -1 -106.1% 45 -6 -113.5%
Depreciation 31 35 10.8% 64 69 8.3%
Profit before Tax 160 223 39.8% 320 411 28.5%
Extraordinary items 0 0   0 0  
Tax 52 72 39.3% 102 133 30.4%
Profit after Tax/(Loss) 108 152 40.0% 218 278 27.6%
Net profit margin (%) 9.6% 11.1%   10.0% 10.8%  
No. of Shares 10.2 10.2   10.2 10.2  
Diluted Earnings per share* 42.4 59.4 42.6 54.4 P/E Ratio   13.0     14.2  
(* annualised)            

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Sep 25, 2020 (Close)

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