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SUNDRMFAST - Sundram Fasten.

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

📢 Recent Corporate Announcements

Sundram Fasteners Receives Re-affirmation of CRISIL A1+ Rating for Short-Term Debt

🟢 POSITIVE ⭐ 4/10

ROUTINE 📅 29 Apr 2026, 05:51 PM

CRISIL Ratings Limited has re-affirmed the credit rating for Sundram Fasteners Limited's short-term debt and commercial paper. The rating remains at 'CRISIL A1+', which is the highest possible rating for short-term instruments in India. This re-affirmation, dated April 29, 2026, indicates a very strong degree of safety regarding the timely payment of financial obligations. It underscores the company's robust liquidity and stable financial position in the automotive components sector.

CRISIL Ratings re-affirmed the 'CRISIL A1+' rating for the company's short-term debt instruments.
The rating applies specifically to the company's Commercial Paper program.
A1+ is the highest rating assigned by CRISIL for short-term debt, signifying the lowest credit risk.
The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 Investors should take this as a sign of continued financial strength and low default risk. No immediate portfolio changes are necessary as the rating is a re-affirmation of existing credit quality.

Sundram Fasteners to Host 4QFY26 Earnings Conference Call on May 5, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 28 Apr 2026, 06:02 PM

Sundram Fasteners Limited has scheduled its 4QFY26 earnings conference call for May 5, 2026, at 10:00 AM IST. The call will be hosted by Spark Institutional Equities and will feature top management including the CFO and EVP of Marketing. This session is intended to discuss the financial performance for the quarter and year ending March 31, 2026. Investors will be looking for management commentary on demand trends in the automotive sector and future growth guidance.

Conference call for 4QFY26 results scheduled for May 5, 2026, at 10:00 AM IST.
Management representation includes CFO R Dilip Kumar and EVP Marketing S Bharathan.
The event is organized by Spark Institutional Equities Private Limited (Avendus Spark).
Universal dial-in numbers provided are +91 22 6280 1230 and +91 22 7115 8131.

💡 Investors should monitor the 4QFY26 financial results release and the subsequent call for insights into margin sustainability and the order book pipeline.

Sundram Fasteners Shareholders Approve Re-appointment of Suresh Krishna with 99.83% Majority

🟢 POSITIVE ⭐ 6/10

MANAGEMENT 📅 25 Apr 2026, 07:55 PM

Sundram Fasteners Limited has announced the successful passing of a special resolution via postal ballot for the re-appointment of Sri Suresh Krishna as a Non-Executive Director. The appointment is for a five-year term effective from July 1, 2026, to June 30, 2031. The resolution received overwhelming support with 99.83% of the total valid votes cast in favor. This ensures leadership continuity for the company over the next several years.

Re-appointment of Sri Suresh Krishna as Non-Executive Director for a 5-year term starting July 2026
Resolution passed with 16,37,57,855 votes (99.83%) in favor
Total voter turnout represented 78.06% of the company's outstanding shares
Only 0.17% of votes (2,73,269 shares) were cast against the special resolution
The voting process was conducted via remote e-voting between March 26 and April 24, 2026

💡 Investors should take this as a sign of management stability and strong shareholder confidence in the existing leadership. No immediate portfolio action is required as this is a routine governance approval.

Sundram Fasteners Board to Consider FY26 Results and Second Interim Dividend on April 30

🟢 POSITIVE ⭐ 7/10

BOARD_MEETING 📅 24 Apr 2026, 10:23 AM

Sundram Fasteners has scheduled a Board of Directors meeting for April 30, 2026, to approve the audited standalone and consolidated financial results for the fiscal year ended March 31, 2026. Crucially for shareholders, the board will also consider the declaration of a second interim dividend for the same period. The trading window for designated persons is confirmed to remain closed from March 31, 2026, through May 5, 2026. This announcement sets the stage for the company's annual performance disclosure and potential cash payout to investors.

Board meeting scheduled for April 30, 2026, to approve audited FY26 financial results.
Consideration of a second interim dividend for the financial year ended March 31, 2026.
Trading window for insiders remains closed from March 31, 2026, to May 5, 2026.
The review will encompass both standalone and consolidated financial performance.

💡 Investors should monitor the April 30 announcement for the dividend quantum and the company's full-year earnings growth. The dividend consideration provides a potential short-term yield opportunity for shareholders.

Sundram Fasteners Receives Reclassification Requests from Promoter Group Entities

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 22 Apr 2026, 08:27 PM

Sundram Fasteners has received formal requests to reclassify three entities—Lakshminarayana Ancillaries, Upasana Properties, and Upasana Private Limited—from the 'Promoter Group' to the 'Public' category. This request follows the dissolution of these entities after their mergers into UFL Properties and TVS Sundram Fasteners Private Limited. The entities being reclassified held negligible or zero direct shares, and the move is largely administrative. The primary promoter entity, TVS Sundram Fasteners Private Limited, continues to hold a dominant 46.79% stake in the company.

Lakshminarayana Ancillaries (LNL) and Upasana Properties (UPP) merged with UFL Properties on October 16, 2025.
Upasana Private Limited (UPL) merged with TVS Sundram Fasteners Private Limited on March 27, 2026.
LNL held only 9,656 shares (0.00%) while UPP and UPL held zero shares at the time of their dissolution.
TVS Sundram Fasteners Private Limited remains the major promoter holding 9,83,19,780 shares or 46.79% of the company.
The reclassification is subject to Board and regulatory approvals under SEBI Regulation 31A.

💡 Investors should view this as a routine administrative cleanup following internal corporate restructuring. There is no change in the actual control or the significant shareholding of the promoter group.

Sundram Fasteners Announces Trading Window Closure from March 31, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Mar 2026, 04:19 PM

Sundram Fasteners Limited has announced the closure of its trading window for all designated persons starting March 31, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's Q4 and full-year FY2026 financial results. The window will remain closed until 48 hours after the audited financial results are officially declared. The specific date for the board meeting to approve these results has not yet been announced.

Trading window for securities dealing closes effective March 31, 2026.
Closure is related to the audited financial results for the quarter and year ending March 31, 2026.
The window will reopen 48 hours after the public declaration of financial results.
Board meeting date for result approval will be intimated at a later stage.

💡 This is a routine regulatory announcement and requires no immediate action from retail investors. Monitor for the upcoming board meeting date to prepare for the Q4 and FY2026 earnings release.

Sundram Fasteners Clarifies No Undisclosed Information Behind Recent Trading Volume Spurt

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Mar 2026, 09:56 AM

Sundram Fasteners Limited has responded to a surveillance query from the National Stock Exchange regarding a recent significant increase in trading volume. The company clarified that there is no undisclosed price-sensitive information (UPSI) concerning its operations or performance that warrants disclosure. This response was filed on March 30, 2026, following an NSE letter dated March 27, 2026. Investors should note that the volume activity appears to be market-driven rather than based on internal corporate developments.

NSE issued a surveillance query (Ref No. NSE/CM/Surveillance/16624) on March 27, 2026, regarding volume spurt.
Company confirms no pending disclosures under Regulation 30 of SEBI (LODR) Regulations, 2015.
Management states no price-sensitive information is currently being withheld from the market.
The clarification aims to safeguard investor interest by confirming the absence of hidden material events.

💡 As the company has confirmed no material developments, investors should treat the recent volume spurt as market-driven and focus on fundamental performance. No immediate action is required based on this routine regulatory clarification.

Sundram Fasteners Seeks Re-appointment of Suresh Krishna as Director for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 25 Mar 2026, 04:11 PM

Sundram Fasteners Limited has initiated a postal ballot to re-appoint Sri Suresh Krishna as a Non-Executive Director for a five-year term from July 1, 2026, to June 30, 2031. The proposal, which requires a special resolution, aims to retain his extensive experience and expertise for the company's continued development. Shareholders can cast their votes electronically between March 26, 2026, and April 24, 2026. The results of the ballot are expected to be announced on or before April 28, 2026.

Proposed re-appointment of Sri Suresh Krishna for a 5-year term starting July 1, 2026.
The resolution requires a special resolution (75% majority) via postal ballot.
Remote e-voting period is scheduled from March 26, 2026, to April 24, 2026.
Remuneration for the Chairman is capped at 50% of the total Non-Executive Director remuneration.

💡 Investors should monitor the voting results for leadership continuity; the move signals stability in the company's top-level governance.

Sundram Fasteners Shareholders Approve Re-appointment of Arathi Krishna as MD for 5 Years

🟢 POSITIVE ⭐ 7/10

MANAGEMENT 📅 19 Mar 2026, 10:12 AM

Shareholders of Sundram Fasteners Limited have approved the re-appointment and remuneration of Ms. Arathi Krishna as Managing Director for a five-year term effective from May 3, 2026, to May 2, 2031. The resolution was passed via postal ballot with a significant majority of 91.54% votes in favor. While the promoter group voted entirely in favor, approximately 21.33% of institutional votes were cast against the resolution. This approval ensures leadership continuity for the company over the next five years.

Ms. Arathi Krishna re-appointed as Managing Director for a 5-year term starting May 2026.
The resolution received 11,65,48,685 votes (91.54%) in favor and 1,40,03,968 votes (8.46%) against.
Institutional participation was significant at 78.67%, though 21.33% of institutional votes opposed the resolution.
Promoter and Promoter Group, holding 9.86 crore shares, voted 100% in favor of the re-appointment.

💡 Investors should take confidence in the leadership continuity provided by this re-appointment. However, the 21% institutional dissent suggests some concerns regarding remuneration or governance that investors may want to monitor in future disclosures.

CRISIL Re-affirms 'CRISIL A1+' Rating for Sundram Fasteners' Short-Term Debt

🟢 POSITIVE ⭐ 5/10

ROUTINE 📅 17 Mar 2026, 10:42 AM

Sundram Fasteners Limited has received a credit rating re-affirmation from CRISIL Ratings Limited as of March 16, 2026. The agency has maintained the 'CRISIL A1+' rating for the company's Short Term Debt and Commercial Paper. This rating is the highest possible for short-term instruments, indicating a very strong degree of safety regarding timely payment of financial obligations. The re-affirmation underscores the company's robust liquidity position and financial health.

CRISIL Ratings re-affirmed the 'CRISIL A1+' rating for Short Term Debt instruments.
The 'CRISIL A1+' rating was also re-affirmed for the company's Commercial Paper.
The rating letters were officially issued by CRISIL on March 16, 2026.
A1+ is the highest rating assigned by CRISIL for short-term debt instruments.

💡 Investors should take this as a positive sign of the company's creditworthiness and liquidity. No immediate action is required as the rating is a re-affirmation of existing high standards.

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.

View All SUNDRMFAST Announcements on Live Market Tracking →

💰 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.