Sundaram Clayton has reported weak standalone numbers for the second quarter of FY17. Revenue for the quarter has declined 4.7 per cent year on year to Rs 383 crores.
The EBITDA has fallen by 37.1 per cent year on year to Rs 31 crores while EBITDA margins have contracted by 413 bps year on year to 8 per cent. This was largely due to 12 per cent year on year increase in employee benefit expenses and 13 per cent year on year increase in other expenses. Net profit has fallen 59 per cent year on year to Rs 8 crores.
Sundaram - Clayton Limited (SCL) is a Chennai based TVS Group company under the chairmanship of Venu Srinivasan. It provides aluminium and magnesium castings for the automotive industry. SCL was the flagship company of the TVS group before being overtaken by its subsidiary TVS Motor Company Limited.
SCL was founded in the year 1962 in collaboration with Clayton Dewandre Holdings plc, United Kingdom.
Important Fundamentals:
- Sector- AUTO-AUTOMOBILES AND AUTO PARTS
- Face Value (Rs.)- 5
- Average Daily Movement [ADM]- 105.09
- Average Volume [20 days]– 3,904
- 1 Month Return (%)-30.44
- Consolidated FY 15-16 PE Ratio - 16.67
- Consolidated Trailing PE Ratio - 0
- Standalone FY 15-16 PE Ratio - 48.74
- Standalone Trailing PE Ratio - 58.07
- Book Value - 658.35
- Market Cap - Rs 6804.56 (Cr)
- % of Promoter holding pledged – 0
Sundaram Clayton share price closed at Rs 3,067.10, down by 7.83 per cent or 263.25 points. Yesterday the share price opened at Rs 3,419.90 from a previous closing of Rs 3,363.25. The intraday high and the intraday were Rs 3,425.00 and Rs 3,050.00 respectively.
Get the most important support and resistance levels of Sundaram Clayton at Sundaram Clayton share price forecast.
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