Sundaram Finance

Sundaram Finance's net profit rose 59.0% to INR 11,609 mil in 2018

By Helgi Analytics - November 05, 2019

Sundaram Finance made a net profit of INR 11,609 mil under revenues of INR 19,811 mil in 2018, up 59.0% and -59.7% respectively compa...

Sundaram Finance's net interest margin fell 65.9% to 4.89% in 2018

By Helgi Analytics - November 05, 2019

Sundaram Finance's net interest margin amounted to 4.89% in 2018, down from 14.3% compared to the previous year. Historica...

Sundaram Finance's price/earnings (P/E) fell 41.6% to 14.9 in 2018

By Helgi Analytics - November 05, 2019

Sundaram Finance stock traded at INR 1,572 per share at the end 2018 implying a market capitalization of USD 2,481 mil. Since the end o...

Profit Statement 2016 2017 2018
Net Interest Income INR mil 17,521 46,433 16,546
Fee Income (As % Of Revenues) % 9.09 3.65 11.2
Other Income INR mil 17,204 925 1,045
Total Revenues INR mil 38,196 49,154 19,811
Operating Profit INR mil 9,804 14,409 11,683
Provisions INR mil 0 682 816
Net Profit INR mil 6,835 7,299 11,609
Balance Sheet 2016 2017 2018
Interbank Loans INR mil 48,149 86,931 45,393
Customer Loans INR mil 75,823 220,039 272,723
Debt Securities INR mil 267 6,760 444
Total Assets INR mil 307,494 339,860 336,708
Shareholders' Equity INR mil 54,901 79,563 79,982
Interbank Borrowing INR mil 96,245 0 0
Customer Deposits INR mil 0 25,791 30,640
Issued Debt Securities INR mil 105,919 184,895 219,489
Ratios 2016 2017 2018
ROE % 13.3 10.9 14.6
ROA % 2.32 2.26 3.43
Costs (As % Of Assets) % 9.66 10.7 2.40
Costs (As % Of Income) % 74.3 70.7 41.0
Net Interest Margin % 5.96 14.3 4.89
Loans (As % Of Deposits) % ... 853 890
Valuation 2016 2017 2018
Market Capitalisation (End Of Period) USD mil 2,640 2,925 2,481
Share Price (End Of Period) INR 1,615 1,692 1,572
Price/Earnings (P/E) 26.2 25.5 14.9
Price/Book Value (P/BV) 3.27 2.34 2.17
Earnings Per Share (EPS) INR 61.5 66.3 105
Book Value Per Share INR 494 722 726

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summary Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                      
Net Interest Income INR mil                         27,744 31,301 32,496 33,814 17,521    
Total Revenues INR mil                         36,840 40,868 42,382 49,592 38,196    
Operating Profit INR mil                         23,422 26,500 26,996 26,829 9,804    
Net Profit INR mil                         5,640 5,811 5,759 5,832 6,835    
balance sheet                                      
Interbank Loans INR mil                         19,627 24,496 27,309 40,261 48,149    
Customer Loans INR mil                         62,325 66,248 72,711 71,471 75,823    
Debt Securities INR mil                         113 150 207 330 267    
Total Assets INR mil                         220,464 239,140 257,855 280,481 307,494    
Shareholders' Equity INR mil                         28,923 34,577 41,593 47,988 54,901    
Interbank Borrowing INR mil                         55,174 87,824 75,806 100,238 96,245    
Customer Deposits INR mil                         0 0 0 0 0    
Issued Debt Securities INR mil                         80,797 90,461 112,140 87,342 105,919    
ratios                                      
ROE %                         21.5 18.3 15.1 13.0 13.3    
ROA %                         2.80 2.53 2.32 2.17 2.32    
Costs (As % Of Assets) %                         6.67 6.25 6.19 8.46 9.66    
Costs (As % Of Income) %                         36.4 35.2 36.3 45.9 74.3    
Net Interest Margin %                         13.8 13.6 13.1 12.6 5.96    
Interest Income (As % Of Revenues) %                         75.3 76.6 76.7 68.2 45.9    
Fee Income (As % Of Revenues) %                         7.83 7.34 7.97 7.21 9.09    
Equity (As % Of Assets) %                         13.1 14.5 16.1 17.1 17.9    
Loans (As % Of Deposits) %   ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Loans (As % Assets) %                         28.3 27.7 28.2 25.5 24.7    
valuation                                      
Market Capitalisation (End Of Period) USD mil                         961 1,191 2,674 2,179 2,640    
Number Of Shares (Average) mil                         111 111 111 111 111    
Share Price (End Of Period) INR                         474 662 1,517 1,301 1,615    
Earnings Per Share (EPS) INR                         50.8 52.3 51.8 52.5 61.5    
Book Value Per Share INR                         260 311 374 432 494    
Price/Earnings (P/E)                         9.34 12.7 29.3 24.8 26.2    
Price/Book Value (P/BV)                         1.82 2.13 4.05 3.01 3.27    
Earnings Per Share Growth % ...                       23.2 3.03 -0.890 1.27 17.2    
Book Value Per Share Growth % ...                       23.3 19.5 20.3 15.4 14.4    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                                      
Interest Income INR mil                         27,744 31,301 32,496 33,814 34,871    
Interest Cost INR mil                         0 0 0 0 17,351    
Net Interest Income INR mil                         27,744 31,301 32,496 33,814 17,521    
Net Fee Income INR mil                         2,886 3,001 3,376 3,577 3,472    
Other Income INR mil                         6,211 6,566 6,510 12,201 17,204    
Total Revenues INR mil                         36,840 40,868 42,382 49,592 38,196    
Operating Cost INR mil                         13,418 14,368 15,386 22,762 28,392    
Operating Profit INR mil                         23,422 26,500 26,996 26,829 9,804    
Provisions INR mil                         432 642 785 514 0    
Extra and Other Cost INR mil                         14,924 17,095 17,611 17,388 -417    
Pre-Tax Profit INR mil                         8,066 8,763 8,599 8,927 10,222    
Tax INR mil                         2,472 2,958 2,869 3,078 3,451    
Minorities INR mil                         563 694 684 789 848    
Net Profit INR mil                         5,640 5,811 5,759 5,832 6,835    
growth rates                                      
Net Interest Income Growth % ...                       25.9 12.8 3.82 4.06 -48.2    
Net Fee Income Growth % ...                       16.9 4.00 12.5 5.94 -2.95    
Total Revenue Growth % ...                       22.7 10.9 3.70 17.0 -23.0    
Operating Cost Growth % ...                       11.4 7.08 7.09 47.9 24.7    
Operating Profit Growth % ...                       30.2 13.1 1.87 -0.616 -63.5    
Pre-Tax Profit Growth % ...                       27.9 8.64 -1.87 3.81 14.5    
Net Profit Growth % ...                       23.2 3.03 -0.890 1.27 17.2    
market share                                      
Market Share in Revenues % ... ... ... ... ... ... ... ... ... ... ...   0.002 0.002 0.001 0.001 < 0.001   ...
Market Share in Net Profit % ... ... ... ... ... ... ... ... ... ... ...   < 0.001 0.001 0.001 0.001 ... ... ...
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                                      
Cash INR mil                         13,379 12,819 10,884 9,595 10,136    
Interbank Loans INR mil                         19,627 24,496 27,309 40,261 48,149    
Customer Loans INR mil                         62,325 66,248 72,711 71,471 75,823    
Debt Securities INR mil                         113 150 207 330 267    
Fixed Assets INR mil                         3,519 3,753 3,398 3,263 3,328    
Total Assets INR mil                         220,464 239,140 257,855 280,481 307,494    
Shareholders' Equity INR mil                         28,923 34,577 41,593 47,988 54,901    
Of Which Minority Interest INR mil                         2,780 3,775 4,095 6,041 6,809    
Liabilities INR mil                         191,540 204,563 216,262 232,494 252,593    
Interbank Borrowing INR mil                         55,174 87,824 75,806 100,238 96,245    
Customer Deposits INR mil                         0 0 0 0 0    
Issued Debt Securities INR mil                         80,797 90,461 112,140 87,342 105,919    
Other Liabilities INR mil                         55,569 26,279 28,315 44,914 50,429    
growth rates                                      
Customer Loan Growth % ...                       6.49 6.29 9.76 -1.71 6.09    
Total Asset Growth % ...                       21.1 8.47 7.83 8.77 9.63    
Shareholders' Equity Growth % ...                       23.3 19.5 20.3 15.4 14.4    
Customer Deposit Growth % ...   ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
market share                                      
Market Share in Customer Loans % ... ... ... ...                 0.113 0.103 0.102 0.090 0.092   ...
Market Share in Total Assets %                         0.254 0.236 0.231 0.222 0.216   ...
Market Share in Customer Deposits %                         0 0 0 0 0   ...
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                                      
ROE %                         21.5 18.3 15.1 13.0 13.3    
ROA %                         2.80 2.53 2.32 2.17 2.32    
Costs (As % Of Assets) %                         6.67 6.25 6.19 8.46 9.66    
Costs (As % Of Income) %                         36.4 35.2 36.3 45.9 74.3    
Net Interest Margin %                         13.8 13.6 13.1 12.6 5.96    
Interest Spread % ...                       13.8 13.6 13.1 12.6 4.71    
Asset Yield %                         13.8 13.6 13.1 12.6 11.9    
Cost Of Liabilities % ...                       0 0 0 0 7.15    
Interest Income (As % Of Revenues) %                         75.3 76.6 76.7 68.2 45.9    
Fee Income (As % Of Revenues) %                         7.83 7.34 7.97 7.21 9.09    
Other Income (As % Of Revenues) %                         16.9 16.1 15.4 24.6 45.0    
Equity (As % Of Assets) %                         13.1 14.5 16.1 17.1 17.9    
Loans (As % Of Deposits) %   ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Loans (As % Assets) %                         28.3 27.7 28.2 25.5 24.7    
Cost of Provisions (As % Of Loans) %                         0.714 0.998 1.13 0.713 0    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                                      
Employees ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 3,689    

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Download Sample   $19.99

Sundaram Finance's net interest income fell 64.4% to INR 16,546 mil in 2018

By Helgi Analytics - November 05, 2019

Sundaram Finance generated total banking revenues of INR 19,811 mil in 2018, down 59.7% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of INR 49,592 mil in 2015...

Sundaram Finance's customer deposits rose 18.8% to INR 25,791 mil in 2018

By Helgi Analytics - November 05, 2019

Sundaram Finance's customer deposits reached INR 25,791 mil in 2017, down 0% compared to the previous year. Indian banking sector accepted customer deposits of INR 110,303 bil in 2017, up 3.61% when compared to the last year. Sundaram Finance accounted fo...

Sundaram Finance's customer loans rose 23.9% to INR 220,039 mil in 2018

By Helgi Analytics - November 05, 2019

Sundaram Finance's customer loans reached INR 220,039 mil in 2017, up 190% compared to the previous year. Indian banking sector provided customer loans of INR 88,362 bil in 2017, up 7.04% when compared to the last year. Sundaram Finance accounted for 0.24...

Sundaram Finance's total revenues fell 59.7% to INR 49,154 mil in 2018

By Helgi Analytics - November 05, 2019

Sundaram Finance generated total banking revenues of INR 49,154 mil in 2017, up 28.7% compared to the previous year. Indian banking sector banking sector generated total revenues of INR 4,320,359 mil in 2017, up 7.41% when compared to the last year. ...

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Finance

Sundaram Finance has been growing its revenues and asset by -26.4% and 6.28% a year on average in the last 3 years. Its loans and deposits have grown by 56.3% and 0% a year during that time and loans to deposits ratio reached 890% at the end of 2018. The company achieved an average return on equity of 12.9% in the last three years with net profit growing 25.8% a year on average. In terms of operating efficiency, its cost to income ratio reached 41.0% in 2018, compared to 62.0% average in the last three years.

Equity represented 23.8% of total assets or 29.3% of loans at the end of 2018. Sundaram Finance's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2018.

Valuation

Sundaram Finance stock traded at INR 1,572 per share at the end of 2018 resulting in a market capitalization of USD 2,481 mil. Over the previous five years, stock price rose by 137% or 18.9% a year on average. That’s compared to an average ROE of 13.4% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 14.9x and price to book value (PBV) of 2.17x in 2018.