NSE: SUNDRMBRAK · BSE: 590072
SUNDARAM BRAK LININGS LTD
Manufactures brake linings and related friction products for automotive applications, sold both to vehicle makers (OEMs) and the replacement market. The product portfolio falls under the auto components industry. In FY26, revenue from operations stood at Rs. 344.65 cr, down about 2.1% from Rs. 352.21 cr in FY25, with domestic sales growing 9% while exports declined 17%. Profit after tax fell roughly 50% to Rs. 2.57 cr from Rs. 5.17 cr, with net margins compressed to under 1%. The cost structure is dominated by raw materials at Rs. 171.15 cr or 49.7% of revenue, followed by other operating expenses at Rs. 106.78 cr (31.0%) and employee costs at Rs. 53.82 cr (15.6%). Depreciation was Rs. 6.29 cr (1.8%) and capex Rs. 7.49 cr (2.2%) during the year. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Domestic sales, Export sales. Small-cap, asset-light auto components manufacturer of friction products; cyclical exposure to vehicle production and replacement demand.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 295 | 355 | 352 | 352 | 345 |
| EBITDA (ex other income) | 5 | 2 | 18 | 13 | 9 |
| margin % | 1.6 | 0.5 | 5.1 | 3.8 | 2.5 |
| Owners' profit | 0 | (5) | 10 | 5 | 3 |
| EPS, as reported (₹) | 0.20 | (12.15) | 25.65 | 13.15 | 6.52 |
| ROE % · ROCE % | 0.1 · 1.9 | (5.6) · (1.7) | 10.6 · 13.6 | 5.2 · 9.0 | 2.5 · 5.8 |
| Debt / equity (x) | 0.46 | 0.59 | 0.47 | 0.56 | 0.45 |
| Cash from operations | (3) | 1 | 15 | 0 | 21 |
| Capex | (8) | (6) | (6) | (8) | (7) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 83 | 88 | 97 | 92 | 78 | 84 | 90 | 91 |
| Profit before tax | 2 | 1 | 2 | (0) | (3) | (1) | 8 | 0 |
| Net profit | 1 | 1 | 1 | (1) | (3) | (1) | 7 | 0 |
| EPS (₹) | 3.73 | 2.26 | 3.37 | (1.35) | (7.94) | (3.16) | 18.98 | 1.23 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,69,176 | 38.6 | 3.87 | 15.1 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,39,756 | 59.1 | 9.41 | 34.3 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 83,937 | 118.9 | 8.78 | 30.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 63,520 | 52.8 | 8.75 | 29.1 | 17.7 | 15.7 | 25.3 | 10.4 |
| SCHAEFFLER INDIA LIMITED | 56,735 | 45.3 | 9.23 | — | 10.4 | 14.1 | — | 19.4 |
| SONA BLW PRECISION FRGS L | 54,705 | 78.5 | 8.92 | 47.5 | 10.3 | 12.9 | — | 25.1 |
| TUBE INVEST OF INDIA LTD | 41,237 | 67.9 | 2.90 | 15.9 | 7.9 | 12.4 | 30.3 | 10.6 |
| ENDURANCE TECHNO. LTD. | 32,484 | 33.5 | 4.75 | 15.9 | 13.9 | 15.6 | 17.4 | 13.2 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 68.1 | 25.3 | 104 of 119 | 13% |
| P/B | 2.4 | 3.2 | 47 of 117 | 60% |
| ROCE | 3.0 | 12.6 | 107 of 125 | 15% |
| ROE | 2.5 | 11.7 | 101 of 117 | 14% |
| Debt / Equity | 0.5 | 0.3 | 70 of 117 | 41% |
| EBITDA margin | 2.9 | 12.2 | 113 of 118 | 4% |
| Revenue growth | (1.1) | 20.2 | 105 of 113 | 7% |
| Profit growth | 190.6 | 24.4 | 12 of 115 | 90% |
| Market cap | 244 | 1460 | 92 of 126 | 27% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 5 Oct 2026 · Routine SEBI compliance certificate for Q2 FY26 dematerialisation | compliance | minimal | — | — |
| 26 Sept 2026 · Trading window closed from Oct 1 until 48 hours after Q2 results | compliance | minimal | — | — |
| 11 Aug 2026 · Q1 FY26-27 Results: Turnaround to Profit of Rs 48 Lakh | compliance | minimal | — | — |
| 8 Aug 2026 · Sundaram Brake Linings Q1 FY27 PAT at Rs 48 lakh vs loss last year | results | high | — | — |
| 30 Jul 2026 · Board meeting on 8 Aug 2026 to consider Q1 FY27 results | results | low | — | — |
| 25 Jul 2026 · Sundaram Brake Linings 52nd AGM: All 4 resolutions passed | board shareholder meetings | low | — | — |
| 24 Jul 2026 · Proceedings of 52nd AGM held on July 24, 2026 | board shareholder meetings | low | — | — |
| 15 Jul 2026 · Reconciliation of Share Capital Audit Report for Q1 FY27 | compliance | minimal | — | — |
| 3 Jul 2026 · RTA compliance certificate filed for Q1 FY27 under SEBI Regulation 74(5) | compliance | minimal | — | — |
| 2 Jul 2026 · Newspaper ads for 52nd AGM and shareholder KYC update | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.