Sundaram Clayton Ltd
SUNC

Sundaram Clayton Ltd (SUNCLAYLTD)

₹3805.43.22%

Key Stats

₹3650
Day's Price Range
₹3819.9
₹3181.25
52-Week Price Range
₹5097.7
1 Month Return-4.19 %
3 Month Return-2.2 %
1 Year Return7.26 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 22
16.92
EPS
Rank 1
₹217.84
BVPS
Rank 1
₹1435.07
Dividend Yield
Rank 21
0.85%
ROE
Rank 23
12.83%
Price To Book Ratio
Rank 34
2.56
Debt To Asset
Rank 6
0.87

Company Information

SundaramClayton Limited SCL is part of the 6.5 billion TVS group one of the largest automotive and auto components manufacturing and distribution groups in India. SCL is a leading supplier of aluminium die castings to automotive and nonautomotive sector. The company manufactures nonferrous gravity and pressure die castings. The company has four manufacturing plants located in Tamil Nadu. SCL is also the holding company for TVS Motor Company Limited which is Indias third largest manufacturer of twowheelers and a flagship of the TVS group. Incorporated in May 62 SCL entered into a licence and technical assistance agreement with Clayton Dewandre Company CDC UK in Jun.81 to manufacture system protection valves. The company also entered into technical assistance agreements with WABCO and Gahreugbremsem Germany to manufacture dual brake valves trailor control valves and handoperated brake valves. It entered into another technical assistance agreement with the Union Switch and Signal Division of American Standard US to manufacture signalling relays point machines and related hardware. To meet the additional demand for scooter project of TVSSuzuki the company set up a foundry unit at Belagondapalli Hosur Tamilnadu with an annual capacity of 1100.SCL subsidiaries are Harita Stocks Ltd Anusha Investments Ltd Auto India Engineering Ltd TVS Investments Ltd TVS Motor Company Ltd Sundaram Auto Components Lts Tvs Electronics Ltd and Tvs Finance and Services Ltd.During the year 200405 Auto India Engineering Ltd AIEL became a wholly owned subsidiary of SCL on 18th November with an authorized capital of Rs.5 lakhs.Brakes and foundry divisions were certified ISO 14001 accreditation during 200102. The company is planning to develop new technology products like drying and distribution unit redesigned Type 2480 spring brake actuator vaccum brake valve with zero dead stroke and compressor with improved life. The die casting division was certified for TS 16949 during the year 20042005.As part of expansion programme SCL has completed the construction of a new plant at Ambattur and the manufacturing of air brake system was moved to the new plant in the year 200405. The new facility has been built at a cost of Rs.58 crores. This facility combines the strength of the two JV partners viz the manufacturing capabilities of TVS and the product technology of WABCO to offer the world class braking products at affordable prices to the customers. SHL also installed a new 2500 tonne pressure die casting machine the only one of its kind in India. In 2007 SundaramClayton spunoff its brakes division as WabcoTVS. In 2009 SundaramClayton established a plant at Mahindra World City MWC. In 2010 SundaramClayton established a plant at Oragadam near Chennai. On 26 December 2011 SundaramClayton announced that it has made certain changes/modifications to the proposed Scheme of Arrangement including Amalgamation and Demerger among SundaramClayton Limited SCL and its wholly owned subsidiaries namely Anusha Investments Limited AIL and Sundaram Investment Limited SIL and their respective shareholders the Scheme. The Scheme involves amalgamation of AIL with SCL and the demerger of nonautomotive related business to and in favour of SIL comprising all assets liabilities duties rights and obligations relatable to the demerged undertaking namely nonautomotive related business and retaining automotive related business with the demerged company i.e. SCL. The Institutional Placement Programme IPP Committee of directors of SundaramClayton at its meeting held on 8 June 2013 fixed issue price at Rs 297.50 per share. The Institutional Placement Programme IPP Committee of directors of SundaramClayton at its meeting held on 9 July 2013 fixed issue price at Rs 293 per share. The Board of Directors of SundaramClayton Limited SCL at its meeting held on 4 August 2015 approved inprinciple an investment of a sum not exceeding USD 8 million in tranches in a diecasting facility proposed to be established in United States U.S for catering to the needs of overseas customers subject to such permissions /consents under Indian and U.S Laws and subject to a detailed Project Report submission for evaluation by the companys Board of Directors.On 9 February 2017 SundaramClayton Limited SCL announced plans to invest Rs 400 crore over 3 years to expand its facilities in India. This will increase its capacity from 60000 MT to 70000 MT. The planned investment will enable the company to cater to the growth that it expects from the Indian market. The company also announced its plans to set up its first manufacturing facility outside of India with an additional investment of over USD 50 million Rs 350 crore to create 10000 MT of capacity over a period of five years. The facility will be located in the United States in Dorchester County South Carolina. Currently the United States contributes a major share of the companys export revenue. The new plant seeks to deepen SCLs decade long strategic engagement in the region.
OrganisationSundaram Clayton Ltd
HeadquartersChennai
IndustryAuto Ancillaries