NSE: SUNCLAY · BSE: 544066
SUNDARAM CLAYTON LIMITED
Manufactures aluminium die-castings and auto components, selling to passenger vehicle, commercial vehicle and truck OEMs. FY26 consolidated revenue stood at Rs. 2,025.61 crore, split between domestic sales to Indian auto makers and exports to the North American truck market. The company divested its two-wheeler casting business in Hosur during FY25, which had contributed Rs. 410.4 crore the prior year and makes year-on-year comparisons uneven. Materials account for 49.1% of revenue, with aluminium, fuel and logistics specifically cited as inputs that pressured Q1 FY27 margins even as the quarter's revenue grew 19% YoY to Rs. 524.2 crore. The operation is asset-heavy, with US subsidiaries through Sundaram Holding USA Inc that recorded losses weighing on consolidated profit. R Venkatesh took over as Director and CEO on 1 April 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Domestic auto components, Export auto components, Two-wheeler castings (divested). Cyclical, asset-heavy auto component manufacturer exposed to Indian and North American vehicle demand
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 1,415 | 2,259 | 2,026 |
| EBITDA (ex other income) | 29 | 291 | 619 |
| margin % | 2.1 | 12.9 | 30.6 |
| Owners' profit | (120) | (11) | 252 |
| EPS, as reported (₹) | (59.38) | (5.05) | 114.48 |
| ROE % · ROCE % | (20.0) · (2.9) | (1.1) · 7.2 | 19.5 · 19.7 |
| Debt / equity (x) | 2.36 | 1.53 | 1.00 |
| Cash from operations | 46 | (10) | (4) |
| Capex | (273) | (579) | (275) |
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 | 563 | 529 | 587 | 512 | 495 | 501 | 518 | 592 |
| Profit before tax | (51) | (39) | 179 | (52) | (59) | (45) | 483 | (53) |
| Net profit | (54) | (44) | 144 | (58) | (64) | (52) | 426 | (59) |
| EPS (₹) | (26.79) | (20.34) | 68.03 | (26.20) | (29.19) | (23.55) | 193.42 | (26.91) |
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) | 9.5 | 25.3 | 10 of 119 | 92% |
| P/B | 1.8 | 3.2 | 35 of 117 | 71% |
| ROCE | 14.8 | 12.6 | 49 of 125 | 61% |
| ROE | 19.5 | 11.7 | 23 of 117 | 81% |
| Debt / Equity | 1.0 | 0.3 | 104 of 117 | 11% |
| EBITDA margin | 2.6 | 12.2 | 114 of 118 | 3% |
| Revenue growth | 15.6 | 20.2 | 74 of 113 | 35% |
| Profit growth | (2.7) | 24.4 | 86 of 115 | 25% |
| Market cap | 2380 | 1460 | 53 of 126 | 58% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · Independent Director Mr P Kaniappan resigns from Sundaram Clayton | management changes | medium | — | — |
| 5 Oct 2026 · Compliance Certificate under SEBI Regulation 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 30 Sept 2026 · Trading Window Closed Until Q2 FY26 Results Announcement | compliance | minimal | — | — |
| 28 Jul 2026 · Sundaram Clayton: All 4 AGM resolutions passed, auditor re-appointment gets 86% support | compliance | minimal | — | — |
| 28 Jul 2026 · Statutory auditors reappointed for five years at AGM | management changes | medium | — | — |
| 28 Jul 2026 · Sundaram Clayton 9th AGM proceedings held on July 28, 2026 | board shareholder meetings | medium | — | — |
| 28 Jul 2026 · Sundaram Clayton Q1 FY26-27: Revenue up 19% to Rs. 524 Cr, margins under pressure | compliance | low | — | — |
| 28 Jul 2026 · Sundaram Clayton Limited submits June 2026 quarter financial results | results | high | — | — |
| 17 Jul 2026 · Board meeting on 28 July 2026 to approve Q1 FY27 results | results | low | — | — |
| 7 Jul 2026 · Routine SEBI Regulation 74(5) certificate filing for June 2026 quarter | 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.