Sundaram Finance share price: Stock recommendations: Add Sundaram Finance, target price Rs 2467: ICICI Securities

ICICI Securities has incorporate call on Sundaram Finance with a goal price of Rs 2467. The recent market rate of Sundaram Finance is Rs 2051.9. Time interval offered by analyst is one particular 12 months when Sundaram Finance Ltd. value can arrive at outlined target.

Sundaram Finance Ltd., integrated in the year 1954, is a Huge Cap company (owning a industry cap of Rs 22760.74 Crore) functioning in NBFC sector.

Sundaram Finance Ltd. important Solutions/Revenue Segments include things like Interest, Charges & Commission Revenue, Dividend, Lease Rentals, Other Providers, Bad Money owed Recovery for the calendar year ending 31-Mar-2021.

Financials

For the quarter finished 31-12-2021, the company documented a Consolidated Complete Revenue of Rs 1289.80 Crore, down -.71 % from past quarter Overall Earnings of Rs 1298.99 Crore and down -7.59 % from previous 12 months same quarter Overall Money of Rs 1395.73 Crore. Business reported internet income just after tax of Rs 262.87 Crore in most recent quarter.

Investment decision Rationale
Over-all financial activity improved in Q3FY22 and need remained strong throughout segments. Having said that, supply-aspect troubles, such as the world semiconductor chip shortage, caused a drop in industry volumes across many asset courses- tractor & farm products, construction devices, passenger vehicles & small professional motor vehicles.

MHCV witnessed sturdy development albeit on a lesser base. Management anticipates wide-based recovery across all segments in Q4. It expects normalcy in Q4 which will allow decide-up in exercise and credit offtake.

Promoter/FII Holdings
Promoters held 35.89 for every cent stake in the company as of 31-Dec-2021, whilst FIIs owned 12.43 for every cent, DIIs 11.76 for every cent.