Sundram Fasteners Ltd is a prominent global manufacturer specializing in high-precision components for diverse sectors, including automotive, infrastructure, wind energy, and aviation. Established in 1966 and headquartered in Chennai, Tamil Nadu, the company has grown into a critical player in manufacturing essential components like fasteners, powertrain parts, sintered metal products, cold extruded items, radiator caps, water pumps, oil pumps, and wind energy components. Its advanced engineering capabilities and commitment to innovation position it as a reliable partner for industries demanding precision and durability.
With a global footprint spanning India, China, Germany, the USA, the UK, Italy, France, and Brazil, Sundram Fasteners operates in some of the world’s most competitive markets. The company’s unwavering focus on quality has earned it a strong reputation among original equipment manufacturers (OEMs) and aftermarket customers. Through continuous investments in technology and customer-centric approaches, Sundram Fasteners has become a trusted name for high-performance industrial components worldwide.
Recent News on Sundram Fasteners
Sundram Fasteners Ltd has announced an interim dividend of ₹3.00 per share for the financial year ending March 31, 2025. This declaration reflects the company’s commitment to rewarding its shareholders while maintaining its financial stability. The record date for identifying eligible shareholders entitled to receive this dividend is set as November 18, 2024. This move highlights Sundram Fasteners’ strong financial performance and dedication to delivering value to its stakeholders.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 48.51% | 48.51% | 48.51% | 48.51% | 46.94% |
| FIIs + | 12.83% | 12.51% | 12.59% | 13.15% | 13.26% |
| DIIs + | 17.89% | 18.47% | 18.63% | 18.68% | 20.34% |
| Public + | 20.76% | 20.51% | 20.26% | 19.65% | 19.45% |
| No. of Shareholders | 72,808 | 73,815 | 71,610 | 70,549 | 71,961 |
The shareholding pattern of Sundram Fasteners Ltd has shown notable trends over the past few quarters. Promoters have consistently held a significant stake at 48.51% from September 2023 to June 2024, which slightly reduced to 46.94% by September 2024. Foreign Institutional Investors (FIIs) have marginally increased their holdings, from 12.83% in September 2023 to 13.26% in September 2024, reflecting growing international interest.
Domestic Institutional Investors (DIIs) have demonstrated a steady rise in their stake, increasing from 17.89% in September 2023 to 20.34% by September 2024, indicating confidence from domestic entities. On the other hand, public shareholding has gradually declined from 20.76% in September 2023 to 19.45% in September 2024.
The number of shareholders has remained relatively stable, with minor fluctuations, standing at 72,808 in September 2023 and slightly decreasing to 71,961 in September 2024. These trends underscore a balanced and evolving ownership structure for Sundram Fasteners Ltd.
Below are the trading platforms that you can use to purchase Sundram Fasteners shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| December 2024 | 1,313.55 | 1,142.22 |
As we approach December 2024, Sundram Fasteners is projected to achieve a maximum price of ₹1,313.55, while the minimum price is anticipated to hover around ₹1,142.22.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,326.69 | 1,020.53 |
| February 2025 | 1,340.09 | 1,030.84 |
| March 2025 | 1,368.23 | 1,052.49 |
| April 2025 | 1,354.69 | 1,042.07 |
| May 2025 | 1,315.23 | 1,011.71 |
| June 2025 | 1,374.41 | 1,057.24 |
| July 2025 | 1,347.46 | 1,036.51 |
| August 2025 | 1,389.14 | 1,068.57 |
| September 2025 | 1,405.81 | 1,081.39 |
| October 2025 | 1,442.36 | 1,109.51 |
| November 2025 | 1,478.42 | 1,137.24 |
| December 2025 | 1,544.95 | 1,188.42 |
As we step into January 2025, Sundram Fasteners is projected to reach a maximum price of ₹1,326.69, with the minimum price expected at ₹1,020.53. Moving through the year, the stock shows steady growth, reflecting its robust performance and investor confidence. By December 2025, Sundram Fasteners is anticipated to achieve a remarkable maximum price of ₹1,544.95, while the minimum price is expected to be ₹1,188.42.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,591.30 | 1,224.07 |
| February 2026 | 1,551.51 | 1,193.47 |
| March 2026 | 1,582.54 | 1,217.34 |
| April 2026 | 1,614.84 | 1,242.18 |
| May 2026 | 1,598.85 | 1,229.89 |
| June 2026 | 1,638.82 | 1,260.63 |
| July 2026 | 1,606.69 | 1,235.91 |
| August 2026 | 1,656.38 | 1,274.14 |
| September 2026 | 1,689.51 | 1,299.62 |
| October 2026 | 1,733.44 | 1,333.41 |
| November 2026 | 1,776.77 | 1,366.75 |
| December 2026 | 1,821.19 | 1,400.92 |
| When | Maximum Price | Minimum Price |
| January 2027 | 1,839.40 | 1,414.93 |
| February 2027 | 1,886.57 | 1,451.21 |
| March 2027 | 1,960.14 | 1,507.80 |
| April 2027 | 1,921.71 | 1,478.24 |
| May 2027 | 1,865.74 | 1,435.18 |
| June 2027 | 1,949.69 | 1,499.77 |
| July 2027 | 1,911.47 | 1,470.36 |
| August 2027 | 1,970.58 | 1,515.83 |
| September 2027 | 2,039.55 | 1,568.89 |
| October 2027 | 2,092.58 | 1,609.68 |
| November 2027 | 2,144.90 | 1,649.92 |
| December 2027 | 2,198.52 | 1,691.17 |
| When | Maximum Price | Minimum Price |
| January 2028 | 2,242.49 | 1,724.99 |
| February 2028 | 2,299.99 | 1,769.22 |
| March 2028 | 2,389.69 | 1,838.22 |
| April 2028 | 2,342.83 | 1,802.18 |
| May 2028 | 2,274.59 | 1,749.69 |
| June 2028 | 2,376.95 | 1,828.42 |
| July 2028 | 2,330.34 | 1,792.57 |
| August 2028 | 2,402.42 | 1,848.01 |
| September 2028 | 2,486.50 | 1,912.69 |
| October 2028 | 2,551.15 | 1,962.42 |
| November 2028 | 2,614.93 | 2,011.48 |
| December 2028 | 2,680.30 | 2,061.77 |
| When | Maximum Price | Minimum Price |
| January 2029 | 2,733.91 | 2,103.01 |
| February 2029 | 2,804.01 | 2,156.93 |
| March 2029 | 2,913.36 | 2,241.05 |
| April 2029 | 2,856.24 | 2,197.11 |
| May 2029 | 2,773.05 | 2,133.11 |
| June 2029 | 2,897.84 | 2,229.10 |
| July 2029 | 2,841.02 | 2,185.40 |
| August 2029 | 2,928.88 | 2,252.99 |
| September 2029 | 3,031.39 | 2,331.84 |
| October 2029 | 3,110.21 | 2,392.47 |
| November 2029 | 3,187.96 | 2,452.28 |
| December 2029 | 3,267.66 | 2,513.59 |
| When | Maximum Price | Minimum Price |
| January 2030 | 3,333.02 | 2,563.86 |
| February 2030 | 3,418.48 | 2,629.60 |
| March 2030 | 3,551.80 | 2,732.15 |
| April 2030 | 3,482.16 | 2,678.58 |
| May 2030 | 3,380.73 | 2,600.56 |
| June 2030 | 3,532.87 | 2,717.59 |
| July 2030 | 3,463.59 | 2,664.30 |
| August 2030 | 3,570.72 | 2,746.70 |
| September 2030 | 3,695.69 | 2,842.84 |
| October 2030 | 3,791.78 | 2,916.75 |
| November 2030 | 3,886.57 | 2,989.67 |
| December 2030 | 3,983.74 | 3,064.41 |
As we approach January 2030, Sundram Fasteners is expected to achieve a maximum price of ₹3,333.02, with the minimum price anticipated at ₹2,563.86, reflecting its robust market position. Throughout the year, the stock is projected to experience steady growth, with significant milestones in February at ₹3,418.48 and March at ₹3,551.80 for maximum prices. By the latter months, this upward trajectory strengthens, with November predicted to see a peak of ₹3,886.57 and a minimum of ₹2,989.67. As we conclude December 2030, Sundram Fasteners is set to attain a remarkable maximum price of ₹3,983.74, while the minimum price is expected to stand at ₹3,064.41, showcasing the company’s enduring value and market appeal.
Sundram Fasteners Financial Condition
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 3,723 | 3,644 | 4,902 | 5,663 | 5,666 | 5,817 |
| Expenses + | 3,130 | 2,980 | 4,101 | 4,809 | 4,777 | 4,896 |
| Operating Profit | 594 | 664 | 801 | 853 | 889 | 921 |
| OPM % | 16% | 18% | 16% | 15% | 16% | 16% |
| Other Income + | 27 | 27 | 39 | 45 | 52 | 61 |
| Interest | 58 | 26 | 29 | 40 | 32 | 31 |
| Depreciation | 170 | 180 | 191 | 198 | 213 | 217 |
| Profit before tax | 393 | 486 | 621 | 661 | 696 | 735 |
| Tax % | 17% | 25% | 26% | 24% | 24% | |
| Net Profit + | 327 | 363 | 462 | 500 | 526 | 550 |
| EPS in Rs | 15.46 | 17.09 | 21.74 | 23.54 | 24.83 | 26.01 |
| Dividend Payout % | 27% | 27% | 30% | 37% | 28% |
Sundram Fasteners Ltd has shown consistent growth in its financial performance over the years, reflecting its strong operational capabilities and market resilience. The company’s sales have grown steadily from ₹3,723 crore in March 2020 to ₹5,666 crore in March 2024, with the trailing twelve months (TTM) figure further rising to ₹5,817 crore. This growth highlights Sundram Fasteners’ ability to expand its market presence while maintaining robust revenue generation. Expenses have increased in line with sales, from ₹3,130 crore in 2020 to ₹4,896 crore in TTM, yet the company has managed to sustain an operating profit margin of 16%, showcasing its focus on efficiency and cost control.
Profitability metrics underline the company’s solid financial management. Operating profits have risen from ₹594 crore in March 2020 to ₹921 crore in TTM, driven by effective cost optimization and operational discipline. Other income has grown from ₹27 crore to ₹61 crore during the same period, complementing the company’s core earnings. Sundram Fasteners has also successfully managed its interest expenses, reducing them from ₹58 crore to ₹31 crore, while increasing investments reflected in rising depreciation costs from ₹170 crore to ₹217 crore. These factors have contributed to an increase in profit before tax, which climbed from ₹393 crore in 2020 to ₹735 crore in TTM, supported by a stable tax rate of around 24%-26%.
Net profit has grown significantly, reaching ₹550 crore in TTM from ₹327 crore in 2020, demonstrating the company’s ability to translate its revenue growth into shareholder value. The EPS has risen from ₹15.46 to ₹26.01 over the same period, further emphasizing its earnings growth. Sundram Fasteners has maintained a healthy dividend payout policy, ranging from 27% to 37%, reflecting its balanced approach to rewarding shareholders while retaining earnings for reinvestment. These financial highlights underscore the company’s strong fundamentals, operational efficiency, and commitment to long-term growth.
FAQS
What is Sundram Fasteners market capitalization as of the latest available data?
Sundram Fasteners holds a market capitalization of ₹24,208 crore.
Sundram Fasteners is expected to reach ₹1,544.95 by the end of 2025.
Sundram Fasteners is projected to trade in a range between ₹2,563.86 to ₹3,983.74 in 2030.
Also Read
Should one invest in Sundram Fasteners?
In conclusion, Sundram Fasteners Ltd continues to demonstrate strong growth, leveraging its expertise in high-precision manufacturing and a global presence. The company’s consistent financial performance, marked by increasing sales and stable profit margins, underscores its operational excellence. With a projected upward trajectory in share prices through 2030 and a shareholder-friendly approach, including dividends, Sundram Fasteners solidifies its position as a reliable investment choice. The evolving shareholding pattern reflects growing institutional confidence, further supporting the company’s long-term growth potential. Sundram Fasteners stands out as a resilient and innovative player in the industrial components sector.
What did we learn?
- 1 Recent News on Sundram Fasteners
- 2 Shareholdings patterns of Sundram Fasteners
- 3 How to Purchases Sundram Fasteners Shares?
- 4 Sundram Fasteners Share Price Target: 2024 to 2030
- 4.1 Sundram Fasteners Share Price Target 2024
- 4.2 Sundram Fasteners Share Price Target 2025
- 4.3 Sundram Fasteners Share Price Prediction 2026
- 4.4 Sundram Fasteners Share Price Target 2027
- 4.5 Sundram Fasteners Share Price Prediction 2028
- 4.6 Sundram Fasteners Share Price Target 2029
- 4.7 Sundram Fasteners Share Price Target 2030
- 5 Sundram Fasteners Financial Condition
- 6 FAQS
- 7 Should one invest in Sundram Fasteners?
