Sundaram Finance Limited
Sundaram Finance, the flagship company of the TSF group, commenced operations in 1954, as a wholly owned subsidiary of Madras Motor and General Insurance Company Ltd, a member of the TVS group of companies. The company was listed in 1972, when TVS so...
Key Metrics
EPS
106.47
Current ratio
0.38
Debt/Equity
3.92
Debt/EBITDA
24.40
Interest coverage ratio
-
Operating Cashflow to total debt
0.01
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Healthy asset quality and adequate earnings profile
Comfortable capitalisation
Strong management
Liquidity: Superior
Cons
Moderate market position of the Sundaram Finance group in most operating segments
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About Sundaram Finance Limited bond.
This comprehensive profile covers key factual information about Sundaram Finance Limited. Sundaram Finance, the flagship company of the TSF group, commenced operations in 1954, as a wholly owned subsidiary of Madras Motor and General Insurance Company Ltd, a member of the TVS group of companies. The company was listed in 1972, when TVS sold its stake and is registered with the RBI as a deposit-taking NBFC and is classified by the RBI as Investment and Credit company. The company had a nationwide network of 709 branches and 7460 employees (including off-roll employees) as on September 30, 2024. SFL’s AUM primarily consisted of commercial vehicles (45.5%), car loans (23.8%), construction equipment (10.4%), tractors (7.2%) and other loans (13.1%) as on September 30, 2024. The group also has presence in housing finance, asset management, and non-life insurance segments. The housing finance business was conducted through a joint venture (JV) with BNP Paribas (49.9% equity stake; through BNP Paribas Personal Finance, a wholly-owned subsidiary). Post-acquisition of 49.9% stake from BNP Paribas Personal Finance in Sundaram Home, the HFC became a wholly-owned subsidiary in September 2019. The asset management business is conducted through Sundaram Asset Management Company Ltd, a wholly-owned subsidiary of Sundaram Finance. Insurance business is carried through a 50% stake in Royal Sundaram General Insurance Company Ltd (RSGI), with the other large shareholder being a Ageas International NV which holds a 40% stake. For fiscal 2024, Sundaram Finance reported total income and net profit of Rs 5,494 crore and Rs 1,454 crore, respectively, against Rs 4,110 crore and Rs.1,088 crore, respectively, for the previous fiscal. Further, for the first half ended September 30, 2024, it reported total income and net profit of Rs 3,088 crore and Rs. 648 crore, respectively, against Rs 2,572 crore and Rs 648 crore, respectively, for the corresponding period of the previous fiscal. The group reported total income and net profit of Rs 7,285 crore and Rs 1,422 crore, respectively, for the fiscal 2024, against Rs 5,544 crore and Rs 1,282 crore, respectively, for the corresponding period of previous fiscal. EPS in Mar-2024 was 106.47. Current ratio in Mar-2024 was 0.38. Debt/Equity in Mar-2024 was 3.92. Debt/EBITDA in Mar-2024 was 24.40. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was 0.01. Total revenue for Mar-2025(E) was ₹7,203.22. Net income for Mar-2025(E) stood at ₹1,614.28. Total assets as of Mar-2024 were ₹64,276.04. Operating cash flow for Mar-2024 was ₹-8,485.88. The company’s borrowing relationships include (₹N/A Cr), (₹N/A Cr), State Bank of India (₹N/A Cr), The Karnataka Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr). Peers and comparison entities consist of Sundaram Finance Limited, Bajaj Finance Limited, Jio Financial Services Limited, Cholamandalam Investment and Finance Company Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Healthy asset quality and adequate earnings profile; Comfortable capitalisation; Strong management; Liquidity: Superior. Key risks include: Moderate market position of the Sundaram Finance group in most operating segments. Leadership team details include Mr.S Viji (Chairman), Mr.A N Raju (Deputy Managing Director), Mr.Harsha Viji (Executive Vice Chairman), Mr.S Mahalingam (Independent Director), Mr.L Ganesh (Independent Director), Mrs.Anuradha Rao (Independent Director), Mr.R Raghuttama Rao (Independent Director), Mrs.Bhavani Balasubramanian (Independent Director), Dr.Kshama Fernandes (Independent Director), Mr.R Venkatraman (Independent Director), Mr.Rajiv C Lochan (Managing Director), Mr.Srivats Ram (Non Executive Director), Mr.T T Srinivasaraghavan (Non Executive Director), Mr.M Ramaswamy (Chief Financial Officer), Mr.P N Srikant (Company Secretary & Compliance Officer), Mr.S Kumar (Deputy General Manager & Head), Mr.N Ramachandran (Executive Director), Mr.N Narayanan (General Manager & Head), Mr.K Narayanan (General Manager & Head), Mr.N Muthukrishnan (General Manager & Head), Mr.R Sekar (Head - Human Resource), Mr.M J Kulkarni (National Head), Mr.Balachander Gopinath (National Head), Mr.R Sridharan (Senior General Manager & Head), Mr.Manoj Arvindakshan Nair (Senior General Manager & Head), Mr.K Sankarakumar (Senior Vice President), Mr.Moahan Ananda Venkatesan (Senior Vice President & Head), Mr.Rajesh Venkat (Senior Vice President & Head), Mr.S Balasubramanian (Vice President & Head), Mr.A K Ganesan (Vice President & Head), Mr.H Venkatesan (Vice President & Head). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.