AnnouncementMay 2026
May 2026 · Updates 25 May 2026 - Sundaram Finance Limited has informed regarding 'press meet with Journalists after announcement of the Audited Financial Results'.
Source: Nse
Sundaram Finance Limited (SUNDARMFIN)
Large CapFinancial Services stocks · Large cap · NSE
Sundaram Finance is a diversified financial services group with a 72-year heritage, focused on lending (asset finance, commercial lending, working capital) to underserved Indian entrepreneurs. The group also operates in general insurance, home finance, and asset management, with a total AUM exceeding Rs 1,65,000 Cr.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals14 Oct 2026 · screener
Latest result03 Aug, 11:58 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
28Bearishfull bear SMA stack · SMA20 -5.7% / mo · MACD − · near 52W low
Stock trend: 18
Sector RS: 44
Sector 3M: -5.8% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
SUNDARMFIND candles · FIT view-11.3%Latest close ₹4217.00 on 2026-10-19
Bar
-0.8%
RSI
38
MACD hist
-5.91
52W pos
13%
2026-10-19O ₹4250.00H ₹4267.00L ₹4200.00C ₹4217.00Vol 29,378 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
SUNDARMFINNifty Financial ServicesNifty 500
- SUNDARMFIN
- -4.7%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- +0.9 pp
Chart stats
19 Oct 2026- From 52W high
- -25.3%
- 52W range position
- 13%
- ATR (14)
- 2.7%
- Volume vs 20D
- 0.60x
- Avg traded value
- ₹18.2 Cr
- 20D price channel
- ₹4,095.3 - ₹4,873.7
₹5,642
₹4,000 - ₹5,642
₹112.8
Latest completed session
20-session average
27.2% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · OVERVALUED29
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good55
Revenue +12.6% · PAT +33.9% YoY
Technical
Bearish28
Price trend and sector-relative-strength timing.
Valuation
Legacy model+31.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence57
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 55/100Rev +13% YoY · PAT +34% YoY · operating leverage
Filed 03 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,644 Cr | +12.6% | +3.3% |
| EBITDA | NDF | NDF | NDF |
| Operating margin | NDF | NDF | NDF |
| PAT | ₹636 Cr | +33.9% | +14.8% |
| PAT margin | 24.1% | +383 bps | +241 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 20.80
- P/B
- 3.18
- EV/EBITDA
- 469.53
- Market Cap
- 47276.00Cr
Profitability
- ROE
- 15.00%
- ROCE
- 9.44%
- ROA
- 2.59%
- Dividend Y
- 0.94%
Growth (CAGR)
- Revenue 5Y
- 13.00%
- EPS 5Y
- 13.00%
- Revenue 3Y
- 21.00%
- EPS 3Y
- 17.00%
Balance Sheet
- Debt/Equity
- 4.68
- Interest Coverage
- —
- Altman Z
- 0.70
- Book Value
- 1341.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 3/5
- OCF
- -5892.00 Cr
- EPS TTM
- 199.81
Shareholding
- Promoter Hold
- 37.21%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 16%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 2,644+3.3% vs prev
Net Profit
₹ CrLatest: 636+14.8% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 38. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~6.1% over last month) — short-term momentum negative.
- RSI(14) at 38 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 25% off 52W high · 5% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
45
RS percentile
Stage 4 Downtrend
1M return
-10.9%
3M return
-4.7%
6M return
-14.0%
1Y return
-10.0%
RS 1D
+4
RS 20D
-12
Sector rank
#9
Industry rank
#16
Stage evidence
- Price is 7.1% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -2.7%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 101.99+0.56%
RS vs Nifty 500102
Valuation & peers
U-Score 29 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 29 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · OVERVALUEDValuation6/30
Growth11/25
Quality8/20
Balance Sheet0/15
Cash Flow2/10
Piotroski
3/9 (+1)
Penalties
1
Raw sum
29
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
29/100 · legacy band OVERVALUED
Positive drivers
- Fair-value margin of safety is positive at 31.0%.
- Growth contributes 11/25 to the score.
- Quality contributes 8/20 to the score.
Main drags
- Altman Z is 0.7, in distress territory.
- Balance sheet is weaker at 0/15; verify the latest quarterly trend.
- Valuation is weaker at 6/30; verify the latest quarterly trend.
Sector valuation model
NBFC valuation: P/B, ROA, borrowing cost, and asset quality
Lenders can look optically cheap before credit losses emerge, so valuation is tied to book quality.
Primary lens
P/B adjusted for ROA/ROE and leverage quality.
Secondary checks
AUM growth, spreads, credit cost, liquidity and ALM risk.
Main risk check
Fast growth with weak asset quality deserves a discount.
PE
20.8
PB
3.2
EV/EBITDA
469.5
ROE
15.0%
ROCE
9.4%
FCF Yield
—
Debt/Equity
4.7
MoS
+31.0%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
29
Previous: 29
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
+31.0%
Previous: +31.0%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
29
29
29
29
29
29
29
29
29
29
29
29
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹2,455.35
-71.7% MoS
Growth-justified P/E
30.6
Growth-justified Value
₹6,114.19
+31.0% MoS
PEG
1.42
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
M&MFIN
Mid
Mahindra & Mahindra Financial Services Limited
NBFC / Capital Markets / Insurance
match 157
34
13.2
12.3%
+49%
WATCHLIST
CHOLAFIN
Large
Cholamandalam Investment and Finance Company Limited
NBFC / Capital Markets / Insurance
match 146
33
23.2
19.4%
+10%
WATCHLIST
MUTHOOTCAP
Small
Muthoot Capital Services Limited
NBFC / Capital Markets / Insurance
match 143
15
14.4
1.9%
-635%
OVERVALUED
NIACL
Large
The New India Assurance Company Limited
NBFC / Capital Markets / Insurance
match 131
16
39.8
4.9%
-533%
OVERVALUED
RECLTD
Large
REC Limited
NBFC / Capital Markets / Insurance
match 126
60
5.1
20.1%
+81%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-06-03T18:41:14.785Z
Management commentary snapshot
FY26 saw strong AUM growth (+16.4% YoY), robust disbursements (+14% YoY), and improved profitability (PAT +19% YoY, ROA 3.03%, ROE 17.5%). Asset quality remained stable with Gross Stage 3 at 1.44%.
The company delivered strong growth across key metrics while maintaining best-in-class asset quality and improving profitability. Management's focus on prudent asset and customer mix, coupled with a strong deposit base and 'AAA' rating, supports the long-term thesis despite some H1FY26 asset quality pressure and muted construction equipment segment.
Current business mix
Disbursements by Asset Type (Mar-26)
Latest issuer-disclosed distribution across 5 reported categories.
MHCV45.8%
Retail CV24.3%
Construction Equipment15.3%
Cars10.6%
Tractors4.0%
Growth engines
Strong Industry Sales Growth
MHICV TIV grew 14.5% YOY, LSCV grew 14.9% YOY, passenger cars grew by ~11% YOY, and tractors grew by 29.3% YOY in FY26.
Focus on Underserved Entrepreneurs
Lending business focused on the underserved but aspiring Indian entrepreneur (road transport operator, infrastructure contractor, small farmer, MSME owner).
Technology-enabled Approach
Technology-enabled and data-powered approach to a high-touch customer approach.
Capacity and execution
Branch Network Expansion
Number of branches increased to 763 as of Mar-26 from 710 as of Mar-25.
Staff Strength Increase
Number of staff increased to 7,653 as of Mar-26 from 7,293 as of Mar-25.
Tailwinds
Improved Economic Activity
In the second half of FY26, beginning in Q3, asset quality stabilized as economic activity and cash flows for businesses improved.
Improving Credit Environment
GNPA ratios declined across segments, aided by improved recoveries, tighter origination standards, and an improving credit environment in H2 FY26.
Strong Deposit Customer Connect
Legacy of deep deposit customer connect and loyalty with 80% renewal rate across offerings.
Headwinds
Muted Construction Equipment Segment
The construction equipment category witnessed muted conditions with backhoe loaders declining 7% YOY.
H1FY26 Asset Quality Pressure
Asset quality pressure remained relatively high within the broader financial system in the first half of FY26.
Impact of New Labour Codes
Exceptional item of ₹75 crores considered for incremental impact of the new Labour Codes in FY26.
Risk radar
Asset Quality Deterioration
Asset quality pressure remained relatively high within the broader financial system in the first half of FY26.
Regulatory Changes
Exceptional item of ₹75 crores considered for incremental impact of the new Labour Codes.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
YoY comparison is crucial for assessing overall annual growth and profitability trends in financial services, especially given seasonal demand in certain asset classes. QoQ is relevant for tracking sequential momentum in disbursements, NII, and for monitoring asset quality stabilization observed in H2 FY26.
Sector KPIs management disclosed
AUM Growth (Standalone)
Assets under management stood at ₹59,908 crores as on 31st March 2026, a 16% increase year-on-year from ₹51,476 crores in Mar 2025.
Disbursements Growth (Standalone)
Disbursements for FY26 grew 14% to ₹32,321 crores (vs ₹28,405 crores in FY25). Q4FY26 disbursements grew 17% to ₹8,051 crores (vs ₹6,873 crores in Q4FY25).
Net Interest Income (NII) Growth
Net interest income grew by 21% to ₹3,376 crores in FY26 from ₹2,793 crores in FY25. Q4FY26 NII growth was 20% to ₹901 crores.
Gross Stage 3 Assets
Gross stage 3 assets as on 31st March 2026 stood at 1.44% with provision cover of 53% (vs 1.44% with 49% provision cover as of 31st March 2025).
Management forward view
Optimizing Margins
We are ensuring prudent focus on asset class mix as well as customer segment mix to optimize our margin.
Cost of Borrowing Management
Meticulous management of our cost of borrowing consistent with our 'AAA' rating.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| AUM Growth (Standalone) | 16.4% YoY | Sustained double-digit growth, indicating continued market penetration and demand for financing. |
| Gross Stage 3 Assets | 1.44% | Any deterioration from current stable levels, especially given H1FY26 pressures and the focus on underserved segments. |
| Cost-to-income ratio | 28.71% | Continued efficiency improvements and maintenance of best-in-class levels. |
| Disbursement Growth | 14% YoY | Continued momentum across key segments, particularly in MHCV and Retail CV, and recovery in construction equipment. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
57Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 20th percentile of the scored universe and 35th percentile within Financial Services. Main check: balance sheet trust is weak at 22/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
12 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
20th percentile
overall median 67 · Financial Services: 35th pctile, median 62 · Large: 11th pctile, median 73
Evidence depth
Financial-only
12 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
40
weak · profit to cash conversion
Balance sheet
22
weak · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
87
strong · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸4/4 latest quarters had positive YoY PAT growth.
- ▸Latest 3 quarters had positive YoY PAT growth.
Trust risks
- ▸Operating cash flow is negative at ₹-5892 Cr.
- ▸Debt/equity is 4.68.
- ▸Altman Z is 0.70.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Sundaram Finance Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementMay 2026
May 2026 · Updates 19 May 2026 - Sundaram Finance Limited has informed regarding ''interaction of the KMP with journalists at a press meet to be hosted on 25th May 2026 after announcement …
Source: Nse
AnnouncementApr 2026
Apr 2026 · Disclosure under SEBI Takeover Regulations 30 April 2026 - India Motor Parts & Accessories Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares …
Source: Nse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Company Ir
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.