- Business
- Sundaram Brake Linings Limited manufactures and sells asbestos-free friction materials for automotive, non-automotive, railway, and industrial applications; its core products include drum brake linings, disc pads, clutch facings, tractor linings, woven clutch facings, flexible rolls, and in-situ bonded shoes, as well as trading in rivets. The company, founded in 1974 and headquartered in Chennai, India, operates four manufacturing facilities in Tamil Nadu, including Padi, two plants in Madurai, and Chengalpattu, serving tier-I automobile original equipment manufacturers (OEMs) in commercial vehicle, two-wheeler, and passenger vehicle segments; domestic aftermarkets through a pan-India network of distributors, replacement markets, state transport units, and branded spares; and exports to over 60 countries, with 35.8% of revenues from exports in 9M FY2024. Part of the T S Krishna Group within the larger TVS Group, it maintains a conservative capital structure with gearing of 0.4x as of December 31, 2023, and plans capital expenditure of Rs. 30 crore in FY2025 and Rs. 6 crore in FY2026, partially debt-funded. Recently, the company introduced new product lines with scale-up expected in FY2025, alongside revenue and margin improvement measures to enhance accruals amid planned capex and a muted outlook for commercial vehicle demand and auto component exports.