Sundaram Finance Limited (SUNDARMFIN)
₹4,236.80 +0.61% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Sundaram Finance's net interest income was ₹1,398 Cr (+70.2% year on year, +2.5% on the previous quarter), and net profit ₹636 Cr (+33.9% year on year).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Net interest income | ₹1,398 | +70.2% | +2.5% |
| Operating profit | ₹767 | +0.7% | — |
| Net profit | ₹636 | +33.9% | +14.8% |
| EPS (₹) | 57.71 | +33.8% | +15.7% |
SUNDARMFIN delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 56.27% of the SUNDARMFIN shares traded on NSE were taken to delivery, against the stock's own 20-session average of 57.29%. That is close to its usual level.
Delivery in the last 5 sessions: 57.3% · 59.8% · 67.6% · 56.8% · 56.3%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Sundaram Finance Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. Issued by its Registrar and Share Transfer Agent, Cameo Corporate Services Limited, the certificate confirms that securities received for dematerialisation during the quarter ended September 30, 2026, were processed within the stipulated timelines. All dematerialised certificates have been mutilated, cancelled, and listed on the respective stock exchanges. This is a standard quarterly administrative disclosure with no impact on business operations or financials.
- Compliance certificate submitted under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
- Covers dematerialisation activities for the quarter ended September 30, 2026.
- Certificate issued by Registrar and Share Transfer Agent Cameo Corporate Services Limited on October 5, 2026.
Sundaram Finance Limited announced that 2 option holders have exercised 60 stock options under the Sundaram Finance Employee Stock Option Scheme – 2008 (Grant 15). The options were originally granted on May 26, 2023, and exercised on September 18, 2026. The shares are being transferred from the Sundaram Finance Employees Welfare Trust to the demat accounts of the respective holders, meaning no fresh equity dilution is taking place. Given the company's market cap of Rs 52,241 Cr, this transaction has negligible financial impact.
- Exercise of 60 stock options announced on September 18, 2026
- Options exercised by 2 option holders under Grant 15
- Underlying options originally granted on May 26, 2023
- Shares transferred from Sundaram Finance Employees Welfare Trust, resulting in zero fresh equity dilution
Sundaram Finance Limited announced the exercise of 40 stock options granted under its Employee Stock Option Scheme 2008 (Grant 15). The options were exercised by a single option holder on September 14, 2026. The underlying shares will be transferred from the Sundaram Finance Employees Welfare Trust, resulting in zero equity dilution. Given the company's market cap of Rs 51,848 Cr, this transaction is immaterial to the company's capital structure and operational performance.
- Exercise of 40 stock options under Grant 15
- Options exercised by 1 option holder on September 14, 2026
- Grant date was May 26, 2023
- Shares to be transferred from Sundaram Finance Employees Welfare Trust
Sundaram Finance Limited disclosed that its Managing Director, Mr. Rajiv C. Lochan, and CFO, Mr. M. Ramaswamy, conducted a one-on-one institutional investor meeting with UTI Pension Fund on September 11, 2026. The meeting lasted one hour from 2:15 PM to 3:15 PM IST via video conference in a Q&A format. The discussion covered the overall performance of the company, and management confirmed that no unpublished price sensitive information (UPSI) was shared.
- Meeting conducted on September 11, 2026, from 2:15 PM to 3:15 PM IST
- One-on-one interaction held via video conference with UTI Pension Fund
- Company represented by MD Rajiv C. Lochan and CFO M. Ramaswamy
- 0 Unpublished Price Sensitive Information (UPSI) shared
Sundaram Finance Limited informed the exchanges that its Managing Director, Rajiv C. Lochan, and Chief Financial Officer, M. Ramaswamy, held a one-on-one institutional investor meeting with UTI Pension Fund on September 11, 2026. The virtual interaction was conducted from 2:15 PM to 3:15 PM via video conference. The discussion followed a Q&A format focused on the company's overall performance. Sundaram Finance confirmed that no Unpublished Price Sensitive Information (UPSI) was shared during the session.
- Meeting conducted on September 11, 2026, from 2:15 PM to 3:15 PM IST
- One-on-one virtual interaction held specifically with UTI Pension Fund
- Attended by top management including the Managing Director and Chief Financial Officer
- Company confirmed no Unpublished Price Sensitive Information (UPSI) was disclosed
Sundaram Finance Limited has announced that 1 option holder exercised 20 stock options under Grant 15 of its SFESOS scheme on September 10, 2026. The underlying shares are being transferred directly from the Sundaram Finance Employees Welfare Trust, meaning no fresh equity issuance or dilution takes place. Relative to the company's Rs 51,938 Cr market capitalization and massive scale, this transaction is immaterial.
- 20 options exercised by 1 option holder under Grant 15
- Options were originally granted on May 26, 2023
- Exercise date recorded as September 10, 2026
- Shares to be transferred from the Sundaram Finance Employees Welfare Trust (no fresh equity issuance)
Sundaram Finance Limited announced that its Chief Financial Officer, Mr. M. Ramaswamy, held a one-to-one interaction with institutional investor Yes Securities Institutional Equities on September 10, 2026, at 5:30 PM. The discussions pertained to the company's business performance for the quarter ended June 30, 2026. The meeting followed a Q&A format, and the company confirmed that no unpublished price sensitive information (UPSI) was shared.
- Meeting conducted on September 10, 2026, at 5:30 PM
- One-to-one interaction held with Yes Securities Institutional Equities
- Covered business performance for the quarter ended June 30, 2026
- Company confirmed no unpublished price sensitive information (UPSI) was shared
Sundaram Finance Limited has announced the exercise of 113 stock options under the Sundaram Finance Employee Stock Option Scheme – 2008 (Grant 15). The options, originally granted on May 26, 2023, were exercised on September 10, 2026, by a single option holder. The underlying shares are being transferred from the Sundaram Finance Employees Welfare Trust to the holder's demat account, resulting in zero fresh equity dilution. Given the company's Rs 51,938 Cr market cap, the magnitude of this transaction is negligible.
- 113 options exercised on September 10, 2026
- Options exercised by 1 option holder under Grant 15
- Original grant date of the options was May 26, 2023
- Shares to be transferred directly from Sundaram Finance Employees Welfare Trust
Sundaram Finance Limited announced that 2 option holders have exercised 30 stock options under Grant 15 of its 2008 Employee Stock Option Scheme (SFESOS). These options were originally granted on May 26, 2023, and exercised on September 8, 2026. Shares are being transferred from the Sundaram Finance Employees Welfare Trust rather than via fresh equity issuance. Given the company's market cap of Rs 52,199 crore, the transaction is immaterial to the equity base.
- 30 stock options exercised under SFESOS Grant 15
- Options exercised by 2 option holders on September 8, 2026
- Options were initially granted on May 26, 2023
- Shares to be transferred from the Sundaram Finance Employees Welfare Trust without fresh equity dilution
Sundaram Finance Limited has submitted a prior intimation regarding its participation in an institutional investors' meeting. Rajiv C. Lochan, Managing Director, will participate in a group meet hosted by Ashika Stock Services Limited via video conferencing on September 11, 2026. The filing is a standard compliance disclosure pursuant to Regulation 30 of SEBI LODR Regulations, with no material financial developments or transactions announced.
- Managing Director Rajiv C. Lochan to attend institutional investors meet
- Meeting scheduled for September 11, 2026
- Hosted by Ashika Stock Services Limited through video conferencing
- Meeting format is designated as a group meet
Sundaram Finance Limited announced the exercise of 18 stock options by 1 option holder under Grant 15 of its Employee Stock Option Scheme - 2008 (SFESOS). The options, originally granted on May 26, 2023, were exercised on September 3, 2026. The corresponding equity shares are being transferred from the Sundaram Finance Employees Welfare Trust, resulting in zero fresh equity dilution.
- 18 stock options exercised by 1 option holder under Grant 15
- Options were originally granted on May 26, 2023
- Exercise date recorded as September 3, 2026
- Shares transferred from Sundaram Finance Employees Welfare Trust (no fresh equity issuance)
Sundaram Finance Limited has announced the exercise of 65 stock options under its Employee Stock Option Scheme – 2008 (SFESOS). The transaction comprises 25 options from Grant 14 (granted on May 25, 2022) and 40 options from Grant 15 (granted on May 26, 2023) exercised by one option holder on September 2, 2026. The underlying equity shares are being transferred from the Sundaram Finance Employees Welfare Trust directly to the demat account of the employee. Given the transfer is from an existing trust, there is zero fresh equity dilution and no material financial impact on the company.
- Total of 65 stock options exercised on September 2, 2026
- Grant 14 (May 25, 2022): 25 options exercised by 1 option holder
- Grant 15 (May 26, 2023): 40 options exercised by 1 option holder
- Shares to be transferred from Sundaram Finance Employees Welfare Trust
Sundaram Finance Limited disclosed that senior management held a one-on-one telecon interaction with institutional investor PhillipCapital (India) Private Limited on September 2, 2026, at 11:15 AM. The meeting was attended by CFO M. Ramaswamy and SVP - Finance Bama Balakrishnan. The discussion was structured in a Q&A format regarding company performance, with no unpublished price-sensitive information (UPSI) shared.
- One-on-one telecon held on September 2, 2026 at 11:15 AM IST
- Interaction conducted with institutional investor PhillipCapital (India) Private Limited
- Attended by CFO M. Ramaswamy and SVP - Finance Bama Balakrishnan
- Company confirmed the session was Q&A format and no UPSI was shared
Sundaram Finance Limited held a one-on-one institutional investor meeting with Max Life Insurance on September 1, 2026, at 3:20 PM. The company was represented by Managing Director Rajiv C. Lochan and CFO M. Ramaswamy to discuss overall performance, including results for the quarter ended June 30, 2026. The exchange filing confirms that the meeting followed a Q&A format and no unpublished price-sensitive information (UPSI) was disclosed.
- One-on-one institutional meeting conducted on September 1, 2026, at 3:20 PM
- Management representation included MD Rajiv C. Lochan and CFO M. Ramaswamy
- Discussion covered company performance including the quarter ended June 30, 2026
- Confirmed no Unpublished Price Sensitive Information (UPSI) was shared
Sundaram Finance Limited has informed the exchanges regarding the exercise of 60 stock options by 2 option holders under Grant 15 of the Sundaram Finance Employee Stock Option Scheme – 2008 (SFESOS). The options were originally granted on May 26, 2023, and exercised on August 31, 2026. The corresponding equity shares are being transferred directly from the Sundaram Finance Employees Welfare Trust to the option holders' demat accounts, resulting in no new equity dilution.
- 60 stock options exercised under ESOP Grant 15
- 2 option holders participated in the exercise
- Original grant date was May 26, 2023; exercise date is August 31, 2026
- Equity shares transferred from Sundaram Finance Employees Welfare Trust
Financial Performance
Revenue Growth by Segment
Total Revenue from Operations for H1FY26 reached INR 4,734.57 Cr, a 17.3% increase from INR 4,036.27 Cr in H1FY25. The Asset Financing segment contributed INR 4,378.07 Cr (up 17.8% YoY), while the 'Others' segment contributed INR 357.35 Cr (up 10.8% YoY).
Geographic Revenue Split
Not explicitly disclosed in available documents, though the company operates across India with a focus on rural and urban entrepreneurs in segments like road transport and MSME.
Profitability Margins
Profit After Tax (PAT) for H1FY26 grew 27% to INR 823 Cr compared to INR 648 Cr in H1FY25. Return on Assets (ROA) improved to 2.72% from 2.50% YoY. Return on Equity (ROE) stood at 15.9% for H1FY26 compared to 14.2% in H1FY25.
EBITDA Margin
Profit from operations increased by 16% in H1FY26. The Cost to Income ratio improved significantly to 29.60% in H1FY26 from 31.91% in H1FY25, driven by meticulous management of operating costs and higher dividend income of INR 137 Cr (up 218% YoY).
Capital Expenditure
Not disclosed in available documents as the company is a financial services provider; however, total segment assets for Asset Financing stood at INR 77,204.15 Cr as of September 2025.
Credit Rating & Borrowing
The company maintains a 'AAA' credit rating. Cost of borrowing is managed meticulously to align with this rating, contributing to a 27% growth in PAT through optimized margins.
Operational Drivers
Raw Materials
Capital/Debt represents 100% of the primary 'raw material' for lending operations. Total liabilities stood at INR 67,086.69 Cr as of September 30, 2025.
Import Sources
Not applicable for a financial services company; capital is sourced from domestic debt markets, deposits, and institutional borrowings.
Key Suppliers
Not applicable; however, the company relies on a diverse base of depositors (80%+ renewal rate) and institutional investors including SBI AMC, Kotak Group, and ICICI Prudential Life.
Capacity Expansion
Assets Under Management (AUM) stood at INR 55,419 Cr as of September 30, 2025, representing a 15% YoY growth from INR 48,058 Cr. Disbursements for H1FY26 grew 12% to INR 15,423 Cr.
Raw Material Costs
Interest expenses and cost of funds are the primary costs. The company achieved meaningful improvements in yields and tight control on borrowing costs to drive a 27% PAT growth.
Manufacturing Efficiency
Measured by collection efficiency; current demand collection for H1FY26 was 91%. Asset quality remains a focus with Gross Stage 3 assets at 2.03%.
Logistics & Distribution
Distribution is handled through a technology-enabled high-touch model. Distribution services include fixed deposits, mutual funds, and insurance products.
Strategic Growth
Expected Growth Rate
15%
Growth Strategy
Growth will be achieved by extending market share in buoyant segments like Tractors (up 27% YoY) and LCVs (up 20% YoY). The company uses a technology-enabled, data-powered approach to serve underserved MSME and transport entrepreneurs while optimizing margins through prudent asset class and customer segment mix.
Products & Services
Loans for Cars, Commercial Vehicles, Construction Equipment, and Tractors; SME Financing; Leasing; Working Capital Finance (Diesel, Tyre, Insurance); Mutual Funds; Home Loans; and General Insurance.
Brand Portfolio
Sundaram Finance, Sundaram Home Finance, Sundaram Asset Management, Sundaram Alternate Assets, Royal Sundaram General Insurance.
New Products/Services
Sundaram Credit Line and expanded SME/Supply Chain financing are part of the commercial lending portfolio aimed at the aspiring Indian entrepreneur.
Market Expansion
Focus on underserved but aspiring Indian entrepreneurs including road transport operators, small farmers, and MSME owners across India.
Market Share & Ranking
The company held or extended market share across nearly all asset classes in H1FY26 despite a challenging industry environment.
Strategic Alliances
Joint Venture with Royal Sundaram General Insurance Co. Limited; various subsidiaries for Asset Management and Home Finance.
External Factors
Industry Trends
Industry sales growth has been low single-digit. However, specific segments like LCV (+20%) and Tractors (+27%) are showing strong recovery, while MHICV remains flat. The industry is shifting toward data-powered lending.
Competitive Landscape
Competes with other NBFCs and banks in the vehicle and MSME finance space; maintains competitive edge through the 'Sundaram Experience' and deep customer relationships.
Competitive Moat
The 'Sundaram Way' (Prudence, Integrity, Discipline) and a 70-year legacy create a strong brand moat. This is evidenced by an 80%+ renewal rate on deposits and a consistent 'AAA' rating, providing a sustainable cost-of-funds advantage.
Macro Economic Sensitivity
Highly sensitive to rural sentiment (impacting tractor sales, +27%) and infrastructure activity (impacting MHICV and Construction Equipment).
Consumer Behavior
Shift toward technology-enabled high-touch service and increasing demand for credit among rural entrepreneurs and MSMEs.
Geopolitical Risks
Indirect impact through fuel prices and global supply chain disruptions affecting the automotive industry and transport operator profitability.
Regulatory & Governance
Industry Regulations
Compliant with RBI asset classification norms; Gross NPA as per RBI is 2.80% and Net NPA is 1.79% as of September 2025. Fully compliant with SEBI Listing Obligations and Disclosure Requirements (LODR).
Taxation Policy Impact
Not explicitly detailed, but PAT is reported after tax at INR 823 Cr for H1FY26.
Legal Contingencies
The company reported three investor complaints received and resolved during the year; none were pending as of March 31, 2025. No material pending court cases with values were disclosed in the provided text.
Risk Analysis
Key Uncertainties
Asset quality deterioration is a key risk, with Net Stage 3 assets rising from 0.89% to 1.13% YoY. Industry-wide low growth in vehicle sales (single digits) poses a volume risk.
Geographic Concentration Risk
Not disclosed, but historically strong in South India with expanding national presence.
Third Party Dependencies
Dependency on automotive OEMs for vehicle supply and demand generation for financing.
Technology Obsolescence Risk
Mitigated by a 'technology-enabled and data-powered' approach to customer service and operations.
Credit & Counterparty Risk
Focus on underserved entrepreneurs; credit risk is mitigated by collateral enforcement and a 45% provision cover on Stage 3 assets.
