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Sundram Fasteners Ltd Auto Ancillaries
₹ 978.50 -6.50 (-0.66%)
  • NSE
  • BSE

Overview

  • BSE Code 500403
  • NSE Symbol SUNDRMFAST
  • ISIN Demat INE387A01021
  • Book Value (₹) 173.49
  • Face Value (₹) 1.00
  • Market Cap (₹ Cr.) 21,355.35
  • P/E (TTM) 42.01
  • EPS (TTM) 24.19
  • Div Yield (%) 0.71

Performance

Today’s Low 970.20
Today’s High 1,036.45

978.50
52W Low 831.15
52W High 1,497.55

978.50
Open 1,000.00
Prev. Close 985.00
Volume 46,636.00

Corporate Actions

Sundram Fasteners Limited - Trading Window
Apr 23, 2025

Sundram Fasteners Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

Sundram Fasteners Limited - Board Meeting Intimation
Apr 23, 2025

SUNDRAM FASTENERS LIMITED has informed the Exchange about Board Meeting to be held on 30-Apr-2025 to consider and approve the Yearly Audited Financial results of the Company for the period ended March 2025 and Dividend.

Sundram Fasteners Limited - Trading Window-XBRL
Apr 23, 2025

Sundram Fasteners Limited has informed the Exchange about Closure of Trading Window

About Sundram Fasteners Ltd

Sundram Fasteners Ltd, a TVS Group company is one of the leading auto component manufacturers in India. The company engaged in the manufacture of auto components. Their product range includes high-tensile fasteners, powder metal components, cold extruded parts, hot forged components, radiator caps, automotive pumps, gear shifters, gears and couplings, and iron powder.

The company's subsidiaries include Upasana Engineering Ltd, Sundaram Fasteners Investment Ltd, Sundram Non-conventional Energy Systems Ltd, Sundram Bleistahi Ltd, Sundram Fasteners (Zhejiang) Ltd, Peiner Umformtechnik GmbH, Cramlington Precision Forge Ltd, Sundram RBI Sdn Bhd, Sundram International Inc, PUT Grundstucks GmbH, and Peiner Logistik GmbH. The company and their subsidiaries is having eleven manufacturing locations in India and four in abroad.

Sundram Fasteners Ltd was formally created and deployed as a legal entity on December 10, 1962 as a private limited under the name Kasjax Engineering Ancillaries Pvt Ltd and the name was changed to Sundram Fasteners (P) Ltd on July 3, 1965. In the year 1982, the company introduced new products in technical collaboration with Neumeyer, Germany. They also signed another technical collaboration agreement with Sinter Metalwerke, Germany, to manufacture 2000 TPA automotive powder metal components.

In the year 1992, the company created and deployed an export oriented unit for manufacture of radiator caps oil filler caps and petrol filler caps for General Motors USA. Also, Odin Metal Powders Ltd was amalgamated with the company. In the year 1993, a project for manufacture of socket head cap screws was created and deployed at Pondicherry. In the year 1994, they broadened its footprint operations into into the power generation by installing a 2 MW Wind Farm at Muppandal in Tamil Nadu.

In the year 1997, the company singed an agreement with General Motors, USA for supplying their entire requirement of radiator caps. They created and deployed a warehouse in Tory (Michigan) which being on-line with all GM plants dispatches supplies the moment an order is placed.

During the year 1998-99, the company broadened its footprint operations into into a technical collaboration agreement with Dura Automotive Group, USA for the manufacture of gear shifters and parking brake assemblies for automobiles. They commenced their manufacturing of Gear Shifters at their unit in Padi, Tamilnadu.

During the year 1999-2000, the company executed a strategic acquisition of the 51.09% of the equity capital of Autolec Industries. Also, the name of subsidiary Sundram Numeric Ltd was changed to TVS Infotech Ltd with effect from October 13, 2000.

During the year 2000-2001, the company subscribed to the entire share capital of their new subsidiary, namely TVS International Inc, Michigan, USA. During the year 2001-02, the TVS International Inc commenced their operations. Also, the company opened a sales office in China. During the year, the company created and deployed a project at Pondicherry for manufacture of small forgings, which will initially seek to cater to the automotive industry, especially two wheelers. This project commenced their operations during the year 2002-03.

During the year 2003-04, the company created and deployed a factory in Haiyan Economic Development Zone (HEDZ), Haiyan County, Jiaxin city, Zhejiang Province in South China to manufacture and sell High Tensile Fasteners to the Chinese automobile industry. The project was implemented through a 100% subsidiary company named Sundram Fasteners (Zhejiang) Limited. This is the first project created and deployed by an Indian engineering industry in China. Also, TVS Autolec Ltd was amalgamated with the company during the year.

In December 2003, the company executed a strategic acquisition of the precision forging business of Dana Spicer Europe Ltd, UK for a total consideration of USD 2.64 million. The facility was executed a strategic acquisition of through a wholly owned subsidiary, namely Cramlington Precision Forge Ltd, UK. In February 2004, TVS Autolec Ltd increased their holding in RBI Autoparts Sdn Bhd, Malaysia from 30% to 70%. Consequent to amalgamation of TVS Autolec Ltd with the company, RBI Autoparts Sdn Bhd, became a subsidiary of the company.

During the year 2004-05, Aplomb Investments Ltd, a subsidiary company, increased their stake in Upasana Engineering Ltd and made the company as a wholly owned subsidiary company. Also, Aplomb Investments Ltd executed a strategic acquisition of 50.20% of equity share capital of Upasana Components Ltd. During the year, Upasana Engineering Ltd and Upasana Components Ltd were amalgamated with Aplomb Investments Ltd with effect from April 1, 2004.

During the year, Sundram Non-Conventional Energy Systems Ltd became a subsidiary of the company, consequent to the combined shareholding of Sundram Fasteners Investments Ltd and Aplomb Investments Ltd. Also, the company created and deployed a new Research and Development Centre at Padi to design, develop, and test tools, products and processes relating to manufacture of fasteners.

During the year 2005-06, the company formed a subsidiary, namely Sundram Bleistahl Ltd for setting up a 100% export oriented unit at Hosur, Tamilnadu, to manufacture sintered valve guides and valve seats. The company holds 76% of the Equity capital of the subsidiary, whereas Bleistahl Produktions GmbH and Co KG holds 24%. The company executed a strategic acquisition of 100% share capital of Peiner Umformtechnik GmbH, Germany, from Textron Deutscheland Beteilingungs GmbH, Germany. Thus, Peiner Umformtechnik GmbH became a wholly owned subsidiary company with effect from 1 January 2006.

During the year, the company executed a strategic acquisition of leasehold land in the Special Economic Zone, Mahindra Worldcity near Chennai to created and deployed projects for manufacture of a range of products mainly for export markets. RBI Autoparts Sdn Bhd, Malaysia, the subsidiary company was renamed as Sundram RBI Sdn Bhd. Also Aplomb Investments Ltd, a subsidiary of the company was renamed as Upasana Engineering Ltd with effect from January 17, 2006.

During the year 2006-07, TVS International Inc, Michigan, USA ceased to be a subsidiary of the company. The company Certificated of Honour for excellence in export from Automotive Component Manufacturers Associations for 2005-06. Also, the The Pondicherry unit received ACMA Silver Trophy for Excellence in Manufacturing from ACMA for 2005-06.

During the year 2007-08, the company commissioned the facilities at Pantnagar, Uttarakhand for manufacturing high tensile fasteners, power metal parts, water pumps and oil pumps. The commercial production of fasteners was commenced in December 2007 and the production of powder metal parts and water and oil pumps was commenced during the last quarter of the financial year 2007-08.

In September 2007, the company's project in the Special Economic Zone, Mahindra Worldcity near Chennai for manufacture of hubs and shafts for automotive gear boxes commenced commercial production. Also, the company executed a strategic acquisition of sixty acres of dry land at Thandalachery near Chennai to created and deployed a new project for high pressure moulding and machining of castings. The project will be in operation during the financial year 2009-10.

During the year 2008-09, the company executed a strategic acquisition of 52.94% equity share capital of Sundram Non-Conventional Energy Systems Ltd, a subsidiary of Sundram Fasteners Investments Ltd and Upasana Engineering Ltd, wholly owned subsidiaries of the company. Consequent to the acquisition of the equity shares, Sundaram Non-Conventional Energy Systems Ltd became the direct subsidiary of the company. Also, the company formed a new subsidiary company, namely Peiner Logistik GmbH to carry on logistic activity in Germany.

Founded: 1962
Chairman: Suresh Krishna
Managing Director: Arathi Krishna
Address: 98 A Radhakrishnan Salai, 7th Floor Mylapore, Chennai, Tamil Nadu, 600004,
HO Tel: 91-044-28478500