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SUNDRMFAST - Sundram Fasten.

📊 NSE: SUNDRMFAST 🏢 Auto Ancillaries 📅 Last Updated: 12/14/2025 13:51

📢 Recent Corporate Announcements

Sundram Fasteners Seeks Approval to Re-appoint Arathi Krishna as MD for 5-Year Term

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 12 Feb 2026, 04:18 PM

Sundram Fasteners has initiated a postal ballot to seek shareholder approval for the re-appointment of Ms. Arathi Krishna as Managing Director. The proposed term spans five years from May 3, 2026, to May 2, 2031. The remuneration package includes a monthly salary ranging from ₹6.5 lakh to ₹11.5 lakh, along with profit-based commissions and various perquisites. Shareholders can exercise their voting rights through the remote e-voting system between February 16 and March 17, 2026.

Proposed re-appointment of Ms. Arathi Krishna as Managing Director for a 5-year term starting May 2026.
Monthly salary scale set between ₹6.50 lakh and ₹11.50 lakh plus performance-linked commissions.
Remote e-voting period is scheduled from February 16, 2026, to March 17, 2026.
Remuneration includes a ₹10 crore annual personal accident insurance cover and other standard perquisites.
The resolution is proposed as an Ordinary Resolution requiring more than 50% shareholder approval.

💡 This is a routine management continuity move; shareholders should review the remuneration terms and participate in the e-voting process before the March 17 deadline.

Sundram Fasteners Q3 FY26: Domestic Revenue Grows 18%, EBITDA Margin at 17.3%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 04 Feb 2026, 04:08 PM

Sundram Fasteners reported a resilient Q3 FY26 with 18% domestic growth in OE and aftermarket segments, helping offset tariff-related export moderation in North America. The company achieved a 9-month EBITDA margin of 17.3% and is targeting 18% as it scales non-auto businesses, which now contribute 38% of total revenue. Management highlighted significant expansion in wind energy, aiming for Rs. 500 crore annualized revenue, and a 50-60% growth in the aerospace division. Despite an Rs. 11 crore exceptional hit for labour code provisions, the company maintained a steady PAT of Rs. 122 crores for the quarter.

Domestic revenue grew 18% YoY driven by strong performance in OE and aftermarket segments.
9-month EBITDA margin reached 17.3%, with management aiming for an 18% target.
Non-auto segment revenue share rose to 38%, supported by wind energy and aerospace growth.
Wind energy business is being expanded to reach an annualized revenue target of Rs. 500 crores.
Aerospace division witnessed 50-60% growth, with monthly revenue touching approximately Rs. 5 crores.

💡 Investors should focus on the company's successful diversification into high-margin non-auto sectors and its ability to maintain double-digit domestic growth despite export headwinds. Monitor the recovery of North American exports and the anticipated EV project ramp-up in H2 FY27.

Sundram Fasteners Updates on Analyst Call; Audio Recording Released

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Jan 2026, 05:51 PM

Sundram Fasteners Limited conducted a conference call with analysts and institutional investors on January 29, 2026. The meeting was organized by Spark Institutional Equities Private Limited to discuss business updates. The company explicitly stated that no unpublished price sensitive information (UPSI) was shared during the session. Furthermore, no new investor presentation was presented during the call, and the audio recording is now available on the company website.

Management participated in a conference call organized by Spark Institutional Equities on January 29, 2026.
Company confirmed that no Unpublished Price Sensitive Information (UPSI) was shared during the interaction.
No formal investor presentation was made to the participants during the meeting.
Audio recording of the session has been made available on the company's official website for public access.

💡 Investors should review the audio recording for qualitative management commentary on the business environment. As no UPSI was shared, this is a routine regulatory filing with no immediate impact on stock valuation.

Sundram Fasteners Q3 Net Profit Dips 13% to ₹122 Cr; MD Arathi Krishna Re-appointed

🟡 NEUTRAL ⭐ 8/10

EARNINGS 📅 28 Jan 2026, 07:49 PM

Sundram Fasteners reported a standalone net profit of ₹121.88 crore for Q3 FY26, a 13.1% decline from ₹140.27 crore in the same period last year. Revenue from operations grew by 8.1% YoY to ₹1,358.37 crore, indicating healthy top-line demand. The bottom line was specifically impacted by a one-time exceptional expense of ₹11.02 crore due to the implementation of new Labour Codes. Leadership stability is maintained with the re-appointment of Ms. Arathi Krishna as Managing Director and Sri Suresh Krishna as Non-Executive Director for five-year terms.

Standalone revenue from operations increased 8.1% YoY to ₹1,358.37 crore for the quarter ended December 31, 2025.
Net profit for the quarter decreased to ₹121.88 crore from ₹140.27 crore in Q3 FY25.
Recognized an exceptional charge of ₹11.02 crore related to statutory provisions for new Labour Codes.
Ms. Arathi Krishna re-appointed as Managing Director for a 5-year term effective May 3, 2026.
Nine-month standalone revenue reached ₹4,040.01 crore with a total comprehensive income of ₹400.75 crore.

💡 Investors should focus on the company's ability to manage rising employee benefit costs following the new Labour Codes while maintaining revenue growth. The leadership continuity is a positive sign for long-term strategy, but short-term margin pressure should be monitored.

Sundram Fasteners Q3 Net Profit Dips to ₹121.88 Cr; Arathi Krishna Re-appointed as MD

🟡 NEUTRAL ⭐ 8/10

EARNINGS 📅 28 Jan 2026, 07:46 PM

Sundram Fasteners reported a standalone revenue of ₹1,256.58 crore for Q3 FY26, a decline from ₹1,338.37 crore in the same quarter last year. Net profit decreased to ₹121.88 crore, impacted by a one-time exceptional charge of ₹11.02 crore related to the implementation of New Labour Codes. The Board has approved the re-appointment of Ms. Arathi Krishna as Managing Director for a five-year term starting May 2026, ensuring leadership continuity. Despite the dip in quarterly profit, the nine-month standalone net profit stands at ₹400.50 crore, showing growth over the ₹382.64 crore recorded in the previous year.

Standalone Revenue from operations stood at ₹1,256.58 crore for Q3 FY26, down 6.1% YoY.
Net Profit for the quarter fell to ₹121.88 crore from ₹140.27 crore in the previous year's corresponding quarter.
Recognized a one-time exceptional expense of ₹11.02 crore due to the statutory impact of New Labour Codes.
Ms. Arathi Krishna re-appointed as Managing Director for a 5-year term effective May 3, 2026.
Nine-month standalone net profit improved to ₹400.50 crore compared to ₹382.64 crore in the prior year period.

💡 Investors should monitor the company's revenue recovery in the automotive segment and the long-term margin impact of the New Labour Codes. The re-appointment of key leadership provides strategic stability which is a positive for long-term holders.

Sundram Fasteners Q3 Profit Dips to ₹121.9 Cr; Re-appoints Key Leadership for 5 Years

🔵 WATCH ⭐ 8/10

EARNINGS 📅 28 Jan 2026, 07:43 PM

Sundram Fasteners reported a standalone revenue of ₹1,256.58 crore for Q3 FY26, a decline from ₹1,338.37 crore in the same quarter last year. Net profit for the quarter fell to ₹121.88 crore compared to ₹140.27 crore YoY, partially impacted by a ₹11.02 crore exceptional charge for new labour code provisions. On the leadership front, the board has ensured continuity by re-appointing Arathi Krishna as Managing Director and Suresh Krishna as Non-Executive Director for five-year terms. Despite the quarterly dip, the nine-month profit for FY26 remains higher at ₹400.50 crore versus ₹382.64 crore in the previous year.

Standalone Revenue from operations decreased by 6.1% YoY to ₹1,256.58 crore in Q3 FY26.
Net Profit for the quarter declined to ₹121.88 crore from ₹140.27 crore in Q3 FY25.
Exceptional item of ₹11.02 crore recognized due to statutory impact of new Labour Codes.
Arathi Krishna re-appointed as Managing Director for a 5-year term effective May 3, 2026.
Nine-month standalone profit for FY26 increased to ₹400.50 crore from ₹382.64 crore YoY.

💡 Investors should monitor the impact of rising employee benefit costs due to new labour codes on future margins. While leadership continuity is a positive, the slight decline in quarterly revenue suggests a need to watch for recovery in the automotive segment.

Sundram Fasteners Q3 Net Profit Rises Slightly to ₹121.88 Cr; Re-appoints Key Leadership

🟡 NEUTRAL ⭐ 8/10

EARNINGS 📅 28 Jan 2026, 07:33 PM

Sundram Fasteners reported a marginal year-on-year increase in standalone net profit to ₹121.88 crore for the quarter ended December 31, 2025, compared to ₹120.36 crore in the same period last year. Revenue from operations remained stagnant at ₹1,256.58 crore, reflecting a flat top-line performance. The company recorded a one-time exceptional expense of ₹11.02 crore due to provisions required under the New Labour Codes. Leadership continuity was secured with the board approving five-year re-appointments for both the Chairman and the Managing Director.

Standalone Revenue from operations remained flat at ₹1,256.58 crore compared to ₹1,256.89 crore in Q3 FY25.
Net Profit for the quarter stood at ₹121.88 crore, a slight increase of 1.26% from ₹120.36 crore in the previous year's corresponding quarter.
An exceptional item of ₹11.02 crore was recognized as a provision for employee benefits following the implementation of New Labour Codes.
Nine-month (9M FY26) standalone net profit reached ₹400.50 crore, up from ₹382.64 crore in the previous year.
Board approved the re-appointment of Sri Suresh Krishna (Non-Executive Director) and Ms. Arathi Krishna (Managing Director) for five-year terms starting in 2026.

💡 Investors should maintain a neutral stance as the company shows stable margins but lacks top-line growth momentum. Monitor the long-term impact of the New Labour Codes on operating expenses and the company's ability to revive revenue growth in the auto-component sector.

Sundram Fasteners Q3 Net Profit Falls 13% to ₹121.88 Cr; MD Arathi Krishna Re-appointed

🟡 NEUTRAL ⭐ 8/10

EARNINGS 📅 28 Jan 2026, 07:31 PM

Sundram Fasteners reported flat revenue of ₹1,256.58 crore for Q3 FY26 compared to the same period last year. Net profit for the quarter declined by 13.1% YoY to ₹121.88 crore, primarily impacted by a one-time exceptional charge of ₹11.02 crore related to the New Labour Codes. Despite the quarterly dip, the nine-month performance remains positive with a 4.7% growth in net profit. The board has ensured leadership continuity by re-appointing Suresh Krishna and Arathi Krishna for five-year terms.

Q3 Revenue from operations remained flat at ₹1,256.58 crore vs ₹1,256.89 crore YoY.
Net Profit for the quarter stood at ₹121.88 crore, down from ₹140.27 crore in the previous year.
Exceptional item of ₹11.02 crore recognized due to one-time impact of New Labour Codes on employee benefits.
Nine-month (9M FY26) Net Profit increased to ₹400.50 crore from ₹382.64 crore YoY.
MD Arathi Krishna re-appointed for a 5-year term effective May 3, 2026, subject to shareholder approval.

💡 Investors should look past the one-time exceptional charge which caused the quarterly profit dip and focus on the stable 9M growth. Leadership continuity is a positive sign for long-term strategy execution in the auto-component space.

Sundram Fasteners to Host 3QFY26 Earnings Conference Call on January 29, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 23 Jan 2026, 02:59 PM

Sundram Fasteners Limited has scheduled its third-quarter earnings conference call for the financial year 2025-26 on January 29, 2026, at 10:00 AM IST. The call is organized by Spark Institutional Equities and will feature key management personnel including the CFO and Executive VP of Marketing. This session will provide insights into the company's financial performance for the quarter ended December 31, 2025. Investors typically use these calls to gauge demand trends in the automotive fastener and component industry.

Conference call for 3QFY26 results scheduled for Thursday, January 29, 2026, at 10:00 AM IST.
Management representation includes R Dilip Kumar (CFO), S Bharathan (EVP - Marketing), and R Ganesh (VP - Finance & Projects).
The event is hosted in coordination with Spark Institutional Equities Private Limited (Avendus Spark).
Universal dial-in numbers for the call are +91 22 6280 1230 and +91 22 7115 8131.

💡 Investors should track the upcoming earnings release and subsequent call for management's outlook on raw material costs and export demand. No immediate action is required as this is a routine scheduling announcement.

Sundram Fasteners to Consider Q3 Results on January 28, 2026

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 21 Jan 2026, 09:16 PM

Sundram Fasteners Limited has scheduled a Board of Directors meeting for January 28, 2026, to review and approve the unaudited financial results for the third quarter and nine-month period ending December 31, 2025. In accordance with SEBI insider trading regulations, the trading window for designated persons has been closed since December 31, 2025. The window is set to remain closed until January 30, 2026, which is 48 hours after the results are declared. This is a routine regulatory filing ahead of the company's quarterly earnings announcement.

Board meeting scheduled for January 28, 2026, to approve Q3 FY26 financial results.
Trading window for designated persons closed from December 31, 2025, to January 30, 2026.
The meeting will cover financial performance for the nine-month period ended December 31, 2025.
Notification issued in compliance with Regulation 29 of SEBI (LODR) Regulations, 2015.

💡 Investors should watch for the official earnings release on January 28, 2026, to evaluate the company's growth trajectory and margin performance. No immediate action is required as this is a standard procedural announcement.

Sundram Fasteners Retains Highest CRISIL A1+ Rating for Commercial Paper

🟢 POSITIVE ⭐ 6/10

ROUTINE 📅 14 Jan 2026, 06:20 PM

Sundram Fasteners Limited has received a re-affirmation of its credit rating from CRISIL Ratings Limited for its short-term debt instruments. The rating for the company's Commercial Paper has been maintained at 'CRISIL A1+', which represents the highest level of safety for short-term obligations. This confirmation underscores the company's robust financial standing and its ability to access short-term funding at competitive rates. The disclosure was made in compliance with SEBI Listing Regulations on January 14, 2026.

CRISIL Ratings re-affirmed the 'CRISIL A1+' rating for Short Term Debt and Commercial Paper.
The 'A1+' rating is the highest credit quality rating for short-term financial instruments in India.
The re-affirmation indicates a very strong degree of safety regarding timely payment of financial obligations.
The rating update was officially communicated to the exchanges on January 14, 2026.

💡 The re-affirmation of the highest short-term rating is a positive indicator of the company's liquidity and credit profile. Investors should view this as a sign of financial stability and continued access to low-cost short-term capital.

Sundram Fasteners Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Jan 2026, 11:38 AM

Sundram Fasteners Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Integrated Registry Management Services Private Limited, confirms compliance for the quarter ended December 31, 2025. This is a standard administrative filing required by SEBI to ensure the integrity of the dematerialization process. There are no financial implications or material changes to the company's operations reported in this announcement.

Compliance certificate submitted for the quarter ended December 31, 2025
Issued by Registrar & Share Transfer Agent, Integrated Registry Management Services Private Limited
Confirms adherence to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Filed with NSE and BSE on January 5, 2026, following the RTA certificate dated January 3, 2026

💡 No action is required from investors as this is a routine regulatory filing. Investors should continue to monitor the company's upcoming quarterly financial results for performance updates.

Sundram Fasteners Announces Trading Window Closure for Q3 FY2025-26 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Dec 2025, 02:53 PM

Sundram Fasteners Limited has announced the closure of its trading window starting December 31, 2025, in compliance with SEBI Insider Trading Regulations. This closure is ahead of the declaration of the unaudited financial results for the third quarter ending December 31, 2025. The trading window will remain closed for all designated persons until 48 hours after the results are made public. The specific date for the board meeting to approve these results will be announced separately.

Trading window closure effective from December 31, 2025, for the Q3 period.
Restriction applies to all designated persons under SEBI (Prohibition of Insider Trading) Regulations, 2015.
Window to reopen 48 hours after the declaration of unaudited financial results for the quarter ending December 31, 2025.
The date for the Board of Directors meeting to approve Q3 results will be intimated at a later date.

💡 This is a routine regulatory filing with no direct impact on stock fundamentals. Investors should wait for the announcement of the board meeting date to assess the company's Q3 performance.

Sundram Fasteners: Update on Re-lodgement of Physical Share Transfer Requests

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 04 Dec 2025, 10:26 AM

Sundram Fasteners Limited has provided an update to the stock exchanges regarding the re-lodgement of transfer requests for physical shares. This is in reference to SEBI Circular No. SEBI/HO/MIRSD-PoD/P/CIR/2025/97 dated July 2, 2025. The update includes the number of requests received, processed, and approved during the month ended November 30, 2025. The company has stated that the average time taken for processing these requests is 'Not Applicable'.

Update pertains to SEBI Circular No. SEBI/HO/MIRSD-PoD/P/CIR/2025/97
Reporting period ends November 30, 2025
Average time taken for processing requests is 'Not Applicable'

💡 This is a routine update related to processing physical share transfer requests. Investors can monitor the company's compliance with SEBI regulations.

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💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue grew 16% in fiscal 2023 to approximately INR 4,900 Cr, but remained flattish in fiscal 2024 at INR 5,700 Cr. For H1 FY26, the company reported revenue of INR 2,723 Cr, with domestic segment growth of 12% YoY in Q2 FY26. The wind energy segment demonstrated strong growth of 30-35% H1 to H1.

Geographic Revenue Split

Domestic sales (including OEMs and aftermarket) account for approximately 70% of revenue, while exports contribute 30%. Within the total revenue pie, exports specifically represent 26-27%.

Profitability Margins

Operating profitability averaged 16-18% during fiscals 2019-2024. Margins moderated to 15.5% in fiscal 2023 due to steep increases in raw material and freight costs, recovering to 15.7% in 9M FY24. PAT for H1 FY26 reached INR 278 Cr, the highest in company history.

EBITDA Margin

EBITDA margins are estimated at ~16% for fiscal 2025 and are expected to sustain at 15.5-16.0% in fiscal 2026, despite potential impacts from US tariffs.

Capital Expenditure

The company undertook capex of INR 230-250 Cr in fiscal 2024 and plans annual capex of ~INR 350 Cr over the medium term. Specific investments include INR 100 Cr already executed for wind energy expansion and an additional INR 80 Cr planned for the next fiscal year.

Credit Rating & Borrowing

CRISIL reaffirmed its 'A1+' rating on the INR 25 Cr short-term debt and INR 100 Cr commercial paper. Bank limits of INR 1,800 Cr are utilized at a modest 15-23% average.

⚙️ Operational Drivers

Raw Materials

Steel is the principal raw material, representing a significant portion of the cost structure. Other costs include energy and freight.

Import Sources

Steel is primarily sourced from the domestic market, where prices softened in fiscal 2025 compared to the previous year.

Capacity Expansion

Current expansion is focused on the Sri City facility and wind energy fasteners, with a total planned investment of INR 180 Cr (INR 100 Cr executed + INR 80 Cr planned) to meet rising demand.

Raw Material Costs

Raw material costs rose sharply in fiscal 2023, causing margins to slip from 16.7% to 15.5%. The company mitigates these risks through alternate supplier identification and yield improvement projects.

Manufacturing Efficiency

The company utilizes established supply chain logistics and overseas manufacturing units to cater to customers on a 'just-in-time' basis.

Logistics & Distribution

Distribution is managed on a just-in-time basis to optimize client supply chains.

📈 Strategic Growth

Expected Growth Rate

4-5%

Growth Strategy

Growth will be driven by a shift in product mix toward high-margin products like hubs, shafts, and EV components. The company is also expanding into wind energy (30-35% growth), aerospace fasteners, and new segments like stainless steel and railway fasteners expected to contribute within 12 months.

Products & Services

Fasteners (automotive, wind energy, aerospace, industrial), hubs, shafts, EV components, sintered products, and cold/warm forged components.

Brand Portfolio

Sundram Fasteners (SFL).

New Products/Services

New product revenue (from products developed in the last 3 years) constitutes over 20% of total revenue. Upcoming launches include stainless steel and railway fasteners.

Market Expansion

Targeting the wind energy segment (domestic and export) and the EV component market to diversify away from traditional fasteners.

Market Share & Ranking

SFL dominates the domestic fasteners market with a sizeable market share.

Strategic Alliances

Recent activity includes the merger of wholly owned subsidiaries Sunfast TVS Ltd and TVS Engineering Ltd into SFL in fiscal 2024.

🌍 External Factors

Industry Trends

The industry is shifting toward Electric Vehicles (EV) and renewable energy. SFL is positioning itself by increasing the share of EV components and wind energy fasteners in its portfolio.

Competitive Landscape

Key competitors in the wind energy segment include Randag and Coopers.

Competitive Moat

SFL's moat is built on its leading market position, diverse product portfolio, and credibility in quality and reliability, which allows it to scale with major global OEMs.

Macro Economic Sensitivity

Revenue growth is sensitive to domestic OEM demand, which was modest in fiscal 2025 across key automobile segments.

Consumer Behavior

Shift toward sustainable energy and EVs is driving demand for specialized fasteners and critical components like hubs and shafts.

Geopolitical Risks

Geopolitical risks include US trade barriers, specifically the 10-25% tariffs expected to impact exports starting in fiscal 2026.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to international trade regulations, including US import tariffs of 10-25% affecting the export segment.

Environmental Compliance

SFL maintains an ESG profile that supports its strong credit risk profile.

Legal Contingencies

The company reported no instances of non-compliance, penalties, or strictures imposed by SEBI or stock exchanges regarding capital markets in the last three years.

⚠️ Risk Analysis

Key Uncertainties

Key risks include volatility in steel prices, US tariff implementations, and potential demand fluctuations from major automotive OEMs.

Geographic Concentration Risk

70% of revenue is concentrated in the domestic Indian market.

Third Party Dependencies

35% revenue dependency on the top 5 customers (Cummins, GM, Maruti, Mahindra, Tata Motors).

Technology Obsolescence Risk

The shift from Internal Combustion Engines (ICE) to EVs poses a risk to traditional fasteners, which SFL is mitigating by developing EV-specific components.