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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -10.16 % over the year, decrease in net sales/revenue by -5.98 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 11.05 %. Marginal decrease of -77.99% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Sundaram Brake Linings Limited. Profit dropped by -57.37 % Year to Year, Sundaram Brake Linings Limited’s profitability increased by 157.69 % in this quarter.
- EPS over the Year and quarter: EPS declined by -57.42 % Year to Year. EPS increased by 157.82 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 93.172 Cr | Rs. 89.032 Cr | Rs. 83.707 Cr | -5.98 % | -10.16 % |
| Expenses | Rs. 86.89 Cr | Rs. 88.36 Cr | Rs. 79.94 Cr | -9.53 % | -8 % |
| Operating Profit | Rs. 6.28 Cr | Rs. 0.67 Cr | Rs. 3.77 Cr | + 462.69 % | -39.97 % |
| OPM % | 6.74 % | 0.75 % | 4.5 % | + 3.75 % | -2.24 % |
| Other Income | Rs. 0.389 Cr | Rs. 1.963 Cr | Rs. 0.432 Cr | -77.99 % | + 11.05 % |
| Interest | Rs. 1.01 Cr | Rs. 0.77 Cr | Rs. 0.85 Cr | + 10.39 % | -15.84 % |
| Depreciation | Rs. 1.55 Cr | Rs. 1.63 Cr | Rs. 1.53 Cr | -6.13 % | -1.29 % |
| Profit before tax | Rs. 4.11 Cr | Rs. 0.23 Cr | Rs. 1.82 Cr | + 691.3 % | -55.72 % |
| Tax % | 14.98 % | 142.26 % | 17.98 % | -124.28 % | + 3 % |
| Net Profit | Rs. 3.5 Cr | Rs. 0.58 Cr | Rs. 1.49 Cr | + 156.9 % | -57.43 % |
| EPS in Rs | Rs. 8.9 | Rs. 1.47 | Rs. 3.79 | + 157.82 % | -57.42 % |
Today, we’re looking at Sundaram Brake Linings Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -10.16 %. However, it did see a marginal slip of -5.98 % from the previous quarter. Expenses decreased slightly by -9.53 % quarter-on-quarter, aligning with the annual decline of -8 %. Operating profit, while down -39.97 % compared to last year, faced a quarter-on-quarter increase of 462.69 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -2.24 %, but an expansion of 3.75 % sequentially. Other income fell by -77.99 % compared to the last quarter, despite an annual growth of 11.05 %. Interest expenses surged remarkably by 10.39 % from the previous quarter, yet the year-over-year decrease remains at a moderate -15.84 %. Depreciation costs fell by -6.13 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -1.29 %. Profit before tax declined annually by -55.72 % but saw an increase from the preceding quarter by 691.3 %.
Tax expenses as a percentage of profits increased slightly by 3 % compared to last year, with a more notable quarter-on-quarter decrease of -124.28 %. Net profit fell by -57.43 % year-on-year but experienced a 156.9 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -57.42 % but a quarterly rise of 157.82 %. In summary, Sundaram Brake Linings Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 93.172 Cr | Rs. 89.032 Cr | Rs. 83.707 Cr | -5.98 % | -10.16 % |
| Expenses | Rs. 86.89 Cr | Rs. 88.36 Cr | Rs. 79.94 Cr | -9.53 % | -8 % |
| Operating Profit | Rs. 6.28 Cr | Rs. 0.67 Cr | Rs. 3.77 Cr | + 462.69 % | -39.97 % |
| Net Profit | Rs. 3.5 Cr | Rs. 0.58 Cr | Rs. 1.49 Cr | + 156.9 % | -57.43 % |
| EPS in Rs | Rs. 8.9 | Rs. 1.47 | Rs. 3.79 | + 157.82 % | -57.42 % |
In reviewing Sundaram Brake Linings Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -10.16 % year-on-year, although there was a slight dip of -5.98 % from the previous quarter. Expenses decreased by -8 % compared to the previous year, with a decrease of -9.53 % quarter-on-quarter. Operating Profit dropped by -39.97 % annually, and saw a 462.69 % increase from the last quarter.
Net Profit showed yearly decrease of -57.43 %, and experienced a 156.9 % increase from the previous quarter. Earnings Per Share (EPS) fell by -57.42 % annually, however rose by 157.82 % compared to the last quarter. In essence, while Sundaram Brake Linings Limited faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
19
3-Year Profit
7
5-Year Profit
13
10-Year Profit
752
Current Price
296
Market Cap
The company associated with BSE code 590072 presents a financial narrative of mixed fortunes. Over a five-year period, the company achieved a profit of 7 percents, which subsequently rose to 19 percents over the three years that followed. Yet, despite this initial growth, the company now faces a troubling trailing twelve-month (TTM) profit loss of 1063 percents. What’s particularly striking is the company’s complete absence of reported sales across all analyzed periods, which brings into question the viability of its revenue generation strategies and long-term business sustainability. Moreover, stock prices have been highly volatile, reflecting the company’s uncertain future. While the stock was valued at 28 percents over the last five years, it has recently dropped to 36 percents, underscoring a rapid decline in market confidence. Over the longer ten-year period, the stock price was at 10 percents, illustrating a pattern of fluctuating performance that could pose risks for potential investors.
With a market capitalization of ₹296 crore, the company’s stock is currently trading at ₹752, having fluctuated within a range of ₹939 / 390 over the years. The stock's P/E ratio of 29.3 reflects a relatively high valuation compared to its earnings, which could suggest strong future growth expectations or heightened investor demand. The company’s book value is ₹242, representing the total value of its assets on a per-share basis, while the dividend yield of 0.27% offers a modest return to shareholders. ROCE, at 11.4%, highlights the company's efficient use of capital in generating profits, while ROE at 11.2% underscores its ability to generate returns for shareholders. The debt-to-equity ratio of 0.47 is very low, indicating conservative financial management and minimal reliance on borrowed funds. Despite this, the company shows a negative net cash flow of ₹0.09 crore, which could point to cash management challenges or recent heavy investments. The Piotroski score of 9.00 suggests moderate financial strength, while the Graham Number, pegged at ₹373, offers a rough estimate of the stock's intrinsic value. The Price-to-Book (P/B) ratio of 3.11 signals that the stock is trading at a premium, which might reflect investor confidence in the company's growth trajectory.
