Sundram Fasteners Ltd(SUNDRMFAST)

NSE: SUNDRMFASTBSE: 500403

₹ 1,055.4+1.46%refreshed 26 Oct, 01:29 pm ISTMarket cap: ₹ 22,177 crNext results: 28 Oct 2026Website: www.sundram.comUpdated: 24 Oct 2026

About

Sundram Fasteners Ltd makes fasteners and precision-engineered components for automotive, wind energy, aerospace, defence, farm equipment and industrial customers. It reported consolidated revenue of 6288.82 crore in FY26 and runs 18 plants in India. Its exports reach 41 countries and made up about 26% of total turnover in FY26, with North America as the largest export market.^[1][2]

Revenue mix

There are three revenue channels: domestic original equipment (OE), aftermarket and exports. Each grew more than 20% year on year in Q1 FY27, and consolidated revenue rose from INR 1,367 cr to INR 1,618 cr.^[3]
Non-auto revenue (wind energy, aerospace, railway, defence, tractors) was about 35% of revenue in FY26. The long-range aim is 50%.^[4]
Fasteners made up 40-42% of revenue in FY26.^[4]
Exports were 1,457.88 crore in FY26, down from 1,584.09 crore in FY25. Domestic sales grew 13.11% in FY26.^[1]
Exports were about 30% of consolidated revenue in Q1 FY27, and Europe was below 20% of exports.^[3]

Products and customers

Products serve the automotive, wind energy, aerospace, defence, farm equipment and industrial segments. Automotive is the largest contributor (FY26).^[1]
In FY26, General Motors, BorgWarner Morse Systems, Astemo India, Gabriel India and Mahle Electric Drives each gave the company a supplier award.^[1]
Aerospace customers include HAL, ISRO and GE Aviation, with Skyroot Aerospace added as of Q1 FY27.^[3]
EV revenue (GM and Stellantis platforms) was less than INR 50 cr in FY26. EV was 4-5% of consolidated revenue in Q1 FY27.^[3]

Operations and plants

As of FY26 the company has 18 plants and 3 offices, all in India, for 21 domestic locations in total. It has no plants or offices abroad.^[1]
Blended capacity utilisation was about 60% in Q3 FY26.^[5]
The Sri City plant supplies ZF and has been used to build EV-programme capacity for export customers (Q1 FY27).^[3]
Renewable power made up 50.65% of power consumption in FY25.^[6]
Products are sold in 28 States and 8 Union Territories in India (FY26).^[1]

Key operating numbers

Tonnage volume grew 13% year on year in Q1 FY27.^[3]
Wind energy fasteners ran at about INR 30 cr a month in Q1 FY27, up from INR 25 cr a month after the first expansion phase.^[3]
Aerospace fasteners reached about INR 5 cr a month in Q3 FY26, up from INR 2.5-3 cr a month previously.^[5]
Railway fasteners ran at INR 2-3 cr a month in Q4 FY26. The target is INR 8-10 cr a month by Q3/Q4 FY27.^[4]
New products (measured on a rolling three-year basis) made up about 20% of annual revenue as of Q1 FY27.^[3]

Export markets and new customers

North America was about 60-62% of export revenue in Q3 FY26, down from a historical share of about 70%.^[5]
Hyundai and Kia are new domestic OEM customers as of Q1 FY27, as quality-control orders displace imported fasteners. The company sizes the opportunity at INR 100 cr+ over 2-3 years.^[3]
Garrett Motion (turbocharger machined parts) and ZF were added as European customers as of Q1 FY27.^[3]
As of Q3 FY26, the company had open requests for quotation from customers in Poland, Romania, Sweden and the UK.^[5]

Expansion and capex

Capital expenditure was 404.27 crore in FY26, compared with 376.43 crore in FY25.^[1][6]
FY27 capex was revised up to about INR 400 cr. About 30% is for replacement and the rest for growth (Q1 FY27).^[3]
A second wind energy expansion of about INR 100 cr is underway to raise annual wind revenue from INR 350 cr to INR 500 cr. No completion date has been disclosed (Q1 FY27).^[3]
An earlier wind energy expansion of about INR 80 cr was in progress as of Q2 FY26, to add volume from FY27.^[7]
The long-range aerospace target is INR 500 cr of revenue in 2-3 years, from an FY27 base of INR 100 cr+.^[3]

Recent developments

The FY27 plan for GM and Stellantis platforms (ICE, PHEV and EV) is INR 200-250 cr, up from less than INR 50 cr of EV revenue in FY26. Q1 FY27 was tracking the plan.^[3]
The active new-product pipeline was over INR 1,000 cr as of Q1 FY27, with a similar amount under discussion.^[3]
In Q4 FY26, GM and Stellantis cut their EV projections by 50% and Stellantis postponed programmes.^[4]
In FY26, the impairment provision on the China subsidiary was fully reversed and booked as exceptional income.^[4]
The FY26 annual report lists the West Asia conflict's effect on supply chains and freight, and TREM V and airbag norms, as risks.^[1]
The FY26 annual report names the India-UK free trade agreement (zero-tariff access to the UK) and the EV transition as growth drivers.^[1]

Market Cap

₹22,177 Cr

High / Low

₹1,346 / 732

Stock P/E

35.6

Price / Book

5.1

Book Value

₹203

EPS

₹28.1

No. of Shares

21.01 Cr

ROCE

17.6%

ROE

14.6%

OPM

13.2%

Debt / Equity

0.14

Sales

₹6,289 Cr

Net Profit

₹593 Cr

Promoter holding

47.0%

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