Sundram Fasteners is a flagship company of US $ 5 billion TVS Group. The company is a manufacturer of automotive and engineering components. The company has posted a phenomenal increase in net profit for the period Q3 (ending Dec 09) of the current fiscal (FY10). During the said quarter, net profit zooms 33.52 times to Rs 21.45 crores in comparison to the Rs 0.64 crores of Q3 (ending Dec 08) of previous year(FY09).

The company informed the market(BSE) that the net sales too increased 25.22% to Rs 359.40 crores in Q3 FY10 when compared with the same quarter Q3 FY09 of previous year. Net sales was Rs 287.01 crores in last year’s quarter.

Share’s Data :
BSE Code : 500403
Mkt. Cap: Rs 1136 Crores
P/E Ratio: 65.29
EPS (Rs): 0.83
Face Value : Rs 1
Last bonus : 1:1 in Aug 2006
Last Dividend : 40% in Feb 2009
52 Week H/L : Rs 66.00 / 13.00
Sundram Fasteners Ltd. share’s CMP is Rs 54.10 on 6th Feb 2010

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