Results     22-Oct-21
Analysis
Sundaram Clayton
Net sales rises 51.49%
Related Tables
 Sundaram clayton : Standalone Results
For the quarter ending September 2021, standalone Net sales (including other operating income) of Sundaram Clayton has increased 51.49% to Rs 442.03 crore compared to quarter ending september 2020. 

Operating profit margin has declined from 14.61% to 14.59%, leading to 51.22% rise in operating profit to Rs 64.48 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 46.45% to 51.59%.   Employee cost decreased from 15.53% to 11.28%.   Other expenses fell from 23.86% to 23.55%.   

Other income fell 78.76% to Rs 0.72 crore.  PBIDT rose 41.65% to Rs 65.2 crore.  Provision for interest fell 11.31% to Rs 10.51 crore.  Loan funds rose to Rs 542.47 crore as of 30 September 2021 from Rs 461.06 crore as of 30 September 2020.  Inventories rose to Rs 352.25 crore as of 30 September 2021 from Rs 256.61 crore as of 30 September 2020.  Sundry debtors were higher at Rs 244.24 crore as of 30 September 2021 compared to Rs 157.67 crore as of 30 September 2020.  Cash and bank balance rose to Rs 1,678.44 crore as of 30 September 2021 from Rs 24.06 crore as of 30 September 2020.  Investments rose to Rs 295.33 crore as of 30 September 2021 from Rs 270.91 crore as of 30 September 2020 .  

PBDT rose 60.01% to Rs 54.69 crore.  Provision for depreciation rose 20.92% to Rs 24.22 crore.  Fixed assets declined from Rs 713.02 crore as of 30 September 2020 to Rs 707.60 crore as of 30 September 2021.  Intangible assets increased from Rs 0.21 crore to Rs 0.89 crore.  

Profit before tax grew 115.34% to Rs 30.47 crore. Exceptional item was profit of Rs 11.69 crore compared to loss of Rs 5.46 crore.

Provision for tax was expense of Rs 5.41 crore, compared to Rs 1.21 crore.  Effective tax rate was 12.83% compared to 13.92%.

Profit after tax rose 391.31% to Rs 36.75 crore.  

Equity capital stood at Rs 10.12 crore as of 30 September 2021 to Rs 10.12 crore as of 30 September 2020.  Per share face Value remained same at Rs 5.00.  

Promoters' stake was 75.00% as of 30 September 2021 ,compared to 75.00% as of 30 September 2020 .  

For year-to-date (YTD) results analysis

Net sales (including other operating income) of Sundaram Clayton has increased 104.23% to Rs 818.98 crore.  

Operating profit margin has jumped from 4.85% to 13.83%, leading to 482.17% rise in operating profit to Rs 113.29 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 43.33% to 50.77%.   Employee cost decreased from 24.25% to 12.49%.   Other expenses fell from 27.38% to 23.72%.   

Other income fell 84.49% to Rs 1.1 crore.  PBIDT rose 330.85% to Rs 114.39 crore.  Provision for interest fell 17.17% to Rs 21.52 crore.  Loan funds rose to Rs 542.47 crore as of 30 September 2021 from Rs 461.06 crore as of 30 September 2020.  Inventories rose to Rs 352.25 crore as of 30 September 2021 from Rs 256.61 crore as of 30 September 2020.  Sundry debtors were higher at Rs 244.24 crore as of 30 September 2021 compared to Rs 157.67 crore as of 30 September 2020.  Cash and bank balance rose to Rs 1,678.44 crore as of 30 September 2021 from Rs 24.06 crore as of 30 September 2020.  Investments rose to Rs 295.33 crore as of 30 September 2021 from Rs 270.91 crore as of 30 September 2020 .  

PBDT rose 16,193% to Rs 92.87 crore.  Provision for depreciation rose 24.10% to Rs 48.87 crore.  Fixed assets declined from Rs 713.02 crore as of 30 September 2020 to Rs 707.60 crore as of 30 September 2021.  Intangible assets increased from Rs 0.21 crore to Rs 0.89 crore.  

Profit before tax reported profit of Rs 44.00 crore compared to loss of Rs 38.81 crore. Exceptional item was profit of Rs 1500.37 crore compared to loss of Rs 5.46 crore.

Provision for tax was expense of Rs 6.28 crore, compared to Rs 0.98 crore.  Effective tax rate was 0.41% compared to negative 2.21%.

Profit after tax reported profit of Rs 1,538.09 crore compared to loss of Rs 45.25 crore.  

Equity capital stood at Rs 10.12 crore as of 30 September 2021 to Rs 10.12 crore as of 30 September 2020.  Per share face Value remained same at Rs 5.00.  

Promoters' stake was 75.00% as of 30 September 2021 ,compared to 75.00% as of 30 September 2020 .  

Cash flow from operating activities increased to Rs 107.40 crore for YTD ended September 2021 from Rs 80.71 crore for YTD ended September 2020.  Cash flow used in acquiring fixed assets during the YTD ended September 2021 stood at Rs 33.09 crore, compared to Rs 5.13 crore during the YTD ended September 2020.  


Full year results analysis

Net sales (including other operating income) of Sundaram Clayton has declined 11.13% to Rs 1,176.91 crore.  

Operating profit margin has jumped from 10.41% to 12.78%, leading to 9.16% rise in operating profit to Rs 150.45 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 44.98% to 47.80%.   Employee cost decreased from 17.26% to 15.81%.   Other expenses fell from 27.02% to 23.84%.   

Other income up 11.39% to Rs 111.17 crore.  PBIDT rose 10.10% to Rs 261.62 crore.  Provision for interest fell 14.04% to Rs 47.62 crore.  Loan funds declined from Rs 555.28 crore as of 31 March 2020 to Rs 545.72 crore as of 31 March 2021.  Inventories rose to Rs 301.07 crore as of 31 March 2021 from Rs 271.32 crore as of 31 March 2020.  Sundry debtors were higher at Rs 228.96 crore as of 31 March 2021 compared to Rs 160.07 crore as of 31 March 2020.  Cash and bank balance declined from Rs 52.45 crore as of 31 March 2020 to Rs 48.85 crore as of 31 March 2021.  Investments rose to Rs 385.61 crore as of 31 March 2021 from Rs 232.27 crore as of 31 March 2020 .  

PBDT rose 17.44% to Rs 214 crore.  Provision for depreciation down 15.92% to Rs 77.9 crore.  Fixed assets declined from Rs 745.33 crore as of 31 March 2020 to Rs 724.61 crore as of 31 March 2021.  Intangible assets declined from Rs 0.83 crore to Rs 0.35 crore.  

Profit before tax grew 51.95% to Rs 136.10 crore.  Extraordinary items were increased to Rs -13.00 crore.  Provision for tax was expense of Rs 47.26 crore, compared to Rs 0.47 crore.  Effective tax rate was 38.39% compared to 0.68%.

Profit after tax rose 10.39% to Rs 75.84 crore.  

Equity capital stood at Rs 10.12 crore as of 30 September 2021 to Rs 10.12 crore as of 30 September 2020.  Per share face Value remained same at Rs 5.00.  

Promoters' stake was 75.00% as of 31 March 2021 ,compared to 75.00% as of 31 March 2020 .  

Cash flow from operating activities decreased to Rs 124.72 crore for year ended March 2021 from Rs 182.48 crore for year ended March 2020.  Cash flow used in acquiring fixed assets during the year ended March 2021 stood at Rs 55.41 crore, compared to Rs 26.63 crore during the year ended March 2020.  

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