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Sundram Fasteners share price has surged 78% as compared to 3% rise in the Sensex and
5% rise in Nifty in past one year.
The company has shown a track record of leadership for over 40 years with a varied
product line, world-class facilities across four countries and a motivated team of talented
people. The company has become a preferred supplier to leading customers in the
automotive and industrial segments worldwide. Its product range consists of high-tensile
fasteners, cold extruded parts, powder metal components, hot forged components, gear
shifters, radiator caps, automotive pumps, gears and couplings, hubs and shafts, tappets
and iron powder. Over the years, Sundram Fasteners has gained cutting-edge technological
competencies in forging, close-tolerance machining, heat treatment, metal forming, surface
finishing and assembly. Manufacturing locations are supported by engineering and design
personnel working on innovative product design and development. Perceiving the Global
nature of business and the need to provide quality products to blue-chip customers, the
company has set-up a supply chain logistic network extending across several continents.
driven by strong growth in the domestic market and escalating globalization, including
exports, of several Indian suppliers.
ICRA Limited has projected the growth 0f 8-10% for the Indian Auto Component industry
in FY 2017-18, based on higher localization by Original Equipment Manufacturers
(OEM), higher component content per vehicle, and rising exports from India. According to
the Automotive Component Manufacturers Association of India (ACMA), the Indian autocomponents industry is projected to register a turnover of US$ 100 billion by 2020
supported by strong exports ranging between US$ 80- US$ 100 billion by 2026, from the
current US$ 11.2 billion.
Road Ahead
The quickly globalizing world is opening up newer routes for the transportation industry,
especially while it makes a move towards electric, electronic and hybrid cars, which are set
to be more efficient, safe and reliable modes of transportation. Over the next ten years, this
will lead to newer directions and opportunities for auto-component manufacturers, who
would be required to adapt to the change through the systematic research and
development.
The Indian auto-components industry is set to turn out to be the third largest in the world
by 2025. Indian auto-component makers are well placed to benefit from the globalization
of the sector as exports potential could be increased up to four times to US$ 40 billion by
2020.
Disclaimer
The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research
team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision.
Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022
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Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst: DYNAMIC/its Associates/ Research
Analyst/ his Relative:
Do not have any financial interest / any actual/beneficial ownership in the subject company.
Do not have any other material conflict of interest at the time of publication of the research report
Have not received any compensation from the subject company in the past twelve months
Have not managed or co-managed public offering of securities for the subject company.
Have not received any compensation for brokerage services or any products / services or any compensation or other benefits from
the subject company, nor engaged in market making activity for the subject company
Have not served as an officer, director or employee of the subject company
Article Written by
Tanaya Nath