Sundaram Brake Linings – TVS Brand Image Helps

Sundaram Brake Linings -Stock Market Position

Quantity Traded
Deliverable Quantity (gross across client level)
% of Deliverable Quantity to Traded Quantity
1993
1846
92.62
Sundaram Brake Linings -Stock Market Position

Sundaram Brake Linings - Latest Results

(in Cr.)
Sep-11
Jun-11
FY10-11
Revenue
65.52
62.87
237.47
Net Profit
1.67
0.34
6.3
EPS
4.25
0.86
16.01
Cash EPS
9.27
5.88
32.09
OPM %
10.52
8.22
10.24
NPM %
2.55
0.54
2.65
Sundaram Brake Linings - Latest Results

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Sundaram Brake Linings - Share Price Movement

 
 
 
Weekly H/L
185.9
167.1
Monthly H/L
185.9
163
52 Weeks H/L
205
140.3
 
( 11 May 11 )
( 18 Nov 11 )
Delivery / Var+ELM %
84.53
30.98
Sundaram Brake Linings - Share Price Movement

Sundaram Brake Linings – TVS Brand Image Helps

Sundaram Brake Linings - share price movement
Sundaram Brake Linings - share price movement | Source

Sundaram Brake Linings – TVS Brand Image Helps


Good Results

Sundaram Brake Linings has produced good results for the quarter ended 30.09.11 over the previous quarter. Revenue has increased marginally from Rs.62.87 crore to Rs.65.52 crore. Revenue for the while year 2010-11 was at Rs.237.47 crore. Net profit steeply increased from Rs.0.34 crore to Rs.1.67 crore. Net profit for the whole year was at Rs.6.30 crore. EPS annualised works out to Rs.17 whereas EPS for the whole year was at Rs.16.01. Cash EPS annualised works out to Rs.37.08 whereas for the whole year it was at Rs.32.09. Operating profit margin increased from 8.22% to 10.52%. Net profit margin increased from 0.54% to 2.55%.

Belongs To The Famous TVS Group

The shares of Sundaram Brake Linings are traded in the Indian stock exchanges at Rs.174.65 (BSE 10.02.12). The shares of Sundaram Brake Linings are available in both BSE and NSE. The company belongs to the famous TVS group of companies and enjoys a good brand image. The highest and the lowest prices recorded by the shares of Sundaram Brake Linings in the last one year are Rs.205 and Rs.140 respectively. The face value of the company’s shares is Rs.10. The company is engaged in the business of automobile parts and equipments.

Sudden Exit From The Company

K. Mahesh is the CMD of Sundaram Brake Linings. His son Krishna Mahesh has joined as the Chief Operating Officer (COO) of Sundaram Brake Linings with effect from September 1st last year. He is 36 years old. He joined the company in 2005 as Executive Director (ED) after working overseas for eleven years. He had acquired MS in mechanical engineering from Stanford University. He was employed in McKinsey & Co from 1998 to 2001. From 2001 to 2003, he was given an intensive training in Toyota Motor. In 2005, he completed his MBA from Harvard University. In 2009, he resigned his position in Sundaram Brake Linings and also exited from the Board. Sundaram Brake Linings is a leading manufacture of friction materials.

Dhirubai Ambani Was Not A Product Of Harvard Or Stanford

Around the time Krishna Mahesh quit his post in the company, Sundaram Brake Linings was experiencing difficulties as there was an intense downturn in the automobile industry at that time. Instead of giving a helping hand to the company, Krishna Mahesh chose to run away from the scene. How could one expect him to shoulder the responsibility bravely in the coming years? Any amount of studies, degrees and diplomas from foreign universities like Stanford and Harvard will not make one to understand Indian conditions. Reliance Industries’ Dhirubai Ambani was not a Harvard or Stanford product. But he understood Indian ethos and produced results. Today’s younger generations of Indian corporate world, with few exceptions like Kumar Mangalam Birla, are not imbibing the confidence in the minds of the investors and the public. Perhaps the markets will teach them a lesson if they don’t learn it in-house.

Buy For Medium And Long Term

Coming to Sundaram Brake Linings, investors can buy the shares of Sundaram Brake Linings at the current market price for medium and long term holding. Investors can also accumulate the shares at every decline.

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