Sundaram Brake Linings Limited

Sundaram Brake Linings Limited

SUNDRMBRAK.BO
Sundaram Brake Linings LimitedIN flagBombay Stock Exchange
810.05
INR
+0.05
- -
3.19BMarket Cap
Sundaram Brake Linings Limited
SUNDRMBRAK.BO
(Bombay Stock Exchange)

Recent

price

810.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
603.66
649.9
588.8
619.17
597.08
578.26
571.4
613.38
714.91
644.58
592.03
743.74
897.43
888.55
895.38
- -
875.52
Revenue per Share
16.01
1.43
-11.2
-13.26
-36.97
-1.04
4.47
9.57
17.93
6.4
15.25
0.2
-12.15
25.65
13.15
- -
6.52
Basic EPS, GAAP
-42.36
-7.41
-4.38
-3.34
-9.18
15.99
43.76
8.7
-2.89
27.94
-20.6
-24.83
-12
22.6
-20.16
- -
- -
Free Cash Flow per Basic Share
4
4.09
3
- -
- -
- -
0.11
- -
- -
- -
- -
- -
- -
- -
2
- -
- -
Dividend per Share
10
24.35
13.14
10.05
10.56
10.04
14.52
23.5
41.43
47.83
63.08
63.88
50.61
75.13
86.06
- -
10
Book Value per Share
246.59
244.54
233.34
220.08
177.54
176.5
180.37
189.74
208.37
210.84
225.48
227.25
214.18
237.74
248.61
- -
252.52
Tangible Book Value per Share
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
- -
4
Basic Weighted Avg Shares
2,375
2,557
2,317
2,436
2,349
2,275
2,248
2,413
2,813
2,536
2,329
2,926
3,531
3,496
3,522
3,447
3,447
Sales/Revenue/Turnover
6.43
5.61
-0.93
-1.17
-2.65
0.5
1.45
1.19
2.28
0.83
1.09
-0.93
-1
3.64
2.09
0.64
0.74
Operating Margin (%)
63
76
78
81
69
55
54
43
49
54
56
81
61
64
60
63
63
Depreciation Expense
63
6
-44
-52
-145
-4
18
38
71
25
60
1
-48
101
52
26
26
Net Income, GAAP
23.91
- -
- -
4,411.07
- -
233.61
- -
- -
- -
16.11
- -
41.45
- -
12.57
15.77
23.6
23.6
Effective Tax Rate (%)
2.65
0.22
-1.9
-2.14
-6.19
-0.18
0.78
1.56
2.51
0.99
2.58
0.03
-1.35
2.89
1.47
0.74
0.74
Profit Margin (%)
318
283
276
221
51
46
149
228
280
305
281
271
258
335
350
371
371
Working Capital
104
108
128
130
76
28
- -
- -
- -
- -
12
- -
49
50
40
17
17
LT Debt
970
962
918
866
699
694
710
747
820
840
902
906
854
951
994
1,020
1,020
Total Equity
10.12
- -
- -
93.93
- -
-1.3
- -
- -
- -
1.58
- -
-1.26
- -
8.11
4.21
1.12
1.29
Return on Invested Capital (%)
34.85
- -
- -
-282.2
- -
-8.47
- -
- -
- -
8.3
- -
1.87
- -
18.15
10.49
7.23
7.23
Return on Capital (%)
160.15
8.36
-59.76
-114.3
-358.77
-10.11
36.43
50.34
55.22
14.34
27.5
0.31
-21.23
40.8
16.31
13.59
13.59
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
361
- -
441
LT Borrowings
28
- -
17
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4
- -
4
Market Capitalization
2,983
2,736
1,866

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
1,231
- -
1,328
Cash, Cash Equivalents & STI
35
- -
34
Accounts Receivable, Net
657
- -
730
Inventories
459
- -
473
Total Current Liabilities
926
- -
957
Payables & Accruals
- -
- -
- -
ST Debt
361
- -
441
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.03%
2.65%
2.7%
Free Cash Flow
-206.52%
-156.74%
-275.05%
Net Income, GAAP
-701.71%
-1,352.57%
-50.37%
Sales/Revenue/Turnover
4.86%
8.78%
-2.15%
Total Cash Common Dividend
- -
- -
-25%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
932
854
848
869
3,496
2025
837
832
883
970
3,522
2026
920
780
842
904
3,447

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8
7.26
8.03
- -
25.65
2025
3.79
3.73
2.26
3.37
13.15
2026
-1.35
-7.94
-3.16
18.98
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
2
2026
- -
- -
- -
- -
- -
Business
Sundaram Brake Linings Limited manufactures asbestos-free friction materials for automotive, non-automotive, railway, and industrial applications; primary products include brake linings, disc pads, clutch facings, tractor linings, and brake blocks, with additional trading in rivets under the TVS brand such as TVS AF-63 CV Lining, Premium TVS AF4179, Premium TVS AF5812, and Premium TVS AF3771; the company serves original equipment manufacturers through tier-I suppliers for commercial vehicles, two-wheelers, passenger vehicles, and tractors, the domestic aftermarket via over 140 TVS-owned wholesaler outlets and state transport units, and exports to over 60 countries including a dedicated warehouse in North America for US and Canadian markets. Founded in 1974 and headquartered in Chennai, Tamil Nadu, with four manufacturing facilities in Padi, Madurai (two plants), and Chengalpattu, all in Tamil Nadu, the company operates primarily in India with significant export revenues comprising 35-41% of total sales, particularly concentrated in the US market representing about 25% of revenues. As part of the T S Krishna Group within the larger TVS Group, promoters hold approximately 64-66% stake, managed by Krishna Mahesh, a fourth-generation TVS family member; it maintains a pan-India distribution network and participates in international trade fairs across North America, Europe, Africa, the Middle East, and Far East. Recent developments include the introduction of new product lines with scale-up anticipated in FY2025, revenue and margin improvement initiatives, planned capital expenditures of Rs 30 crore in FY2025 and Rs 20-26 crore across FY2025-FY2026 partly funded by term debt, enhanced bank facilities with ICRA BBB+ (Stable)/A2 ratings reaffirmed in March 2024 and April 2025 including increased term loan limits to Rs 25 crore, reconstitution of board committees and appointment of Rahul Rakesh Agrawal as Non-Executive Independent Director in September 2025, alongside ongoing efforts to diversify beyond cyclical commercial vehicle demand amid challenges like Q2 FY2026 net loss of Rs 3.12 crore and US import tariff impacts.