How Sundram Fasteners Limited (NSE:SUNDRMFAST) Could Add Value To Your Portfolio
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I’ve been keeping an eye on Sundram Fasteners Limited (NSE:SUNDRMFAST) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe SUNDRMFAST has a lot to offer. Basically, it is a company with great financial health as well as a an impressive history of performance. In the following section, I expand a bit more on these key aspects. For those interested in digger a bit deeper into my commentary, read the full report on Sundram Fasteners here.
Excellent balance sheet with proven track record
Over the past few years, SUNDRMFAST has demonstrated a proven ability to generate robust returns of 25% Unsurprisingly, SUNDRMFAST surpassed the Auto Components industry return of 14%, which gives us more confidence of the company’s capacity to drive earnings going forward. SUNDRMFAST’s ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This implies that SUNDRMFAST manages its cash and cost levels well, which is a key determinant of the company’s health. SUNDRMFAST’s has produced operating cash levels of 0.65x total debt over the past year, which implies that SUNDRMFAST’s management has put its borrowings into good use by generating enough cash to cover a sufficient portion of borrowings.
Next Steps:
For Sundram Fasteners, I’ve compiled three fundamental factors you should further research:
Future Outlook: What are well-informed industry analysts predicting for SUNDRMFAST’s future growth? Take a look at our free research report of analyst consensus for SUNDRMFAST’s outlook.
Valuation: What is SUNDRMFAST worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether SUNDRMFAST is currently mispriced by the market.
Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of SUNDRMFAST? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
