Sundaram Brake Linings Limited (SUNDRMBRAK)

About

Sundaram Brake Linings Limited manufactures brake linings and components for the automotive sector. With a market cap of ₹350.92 Cr, it is a small-cap auto-component supplier dependent on OEM demand cycles. Revenue remains flat at ₹78–96 Cr range with structurally thin operating margins averaging 2.47%.

Face value: ₹10

Market cap

₹261 Cr

P/E

72.8×

P/B

2.6×

Dividend yield

0.3%

ROE

2.6%

ROCE

5.8%

Debt / equity

0.45

OPM

2.5%

EPS (TTM)

₹9.1

Book value

₹259.6

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Profitability highly volatile: net profit swung from -₹3.12 Cr (Sep 2025) to +₹7.47 Cr (Mar 2026), exposing investors to auto-industry demand cycles
Operating margins dangerously thin at 2.47% average (OPM), leaving minimal buffer against raw material costs or OEM price pressure
Valuation severely stretched at PE 97.75 despite minimal earnings base (Jun 2026 net profit ₹0.48 Cr); any earnings disappointment risks sharp correction
Zero institutional shareholding (FII 0%, DII 0%) despite 63.94% promoter holding — verify why this gap exists and whether it reflects governance or regulatory concerns

Generated analysis · source review pending

Growth drivers

Operating margin recovery visible: OPM improved to 9.38% (Mar 2026) from -2.73% (Sep 2025), suggesting cost or pricing improvements; verify sustainability
Debt capacity available: D/E 0.45 provides headroom for capex investment if growth opportunities emerge in EV supply chains or tier-1 partnerships
Dividend consistency despite thin earnings suggests stable cash generation; verify free cash flow sufficiency and whether reinvestment plans exist
Verify auto-sector volume growth trajectory, company's market share trend, new customer wins, and capabilities in EV brake systems

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹670.0-0.3%1Y

Quick read

rule-based

Pros

+High promoter holding of 63.9% with no pledge

Cons

−Low return on equity of 6.4% (3-yr avg)
−Thin operating margin of 2.5%
−Profit declined 15.6% a year over the last 5 years
−Modest revenue growth of 7.8% a year over the last 5 years
−Expensive at 72.8× trailing earnings

Research score

Structured signal from quality, growth, valuation and momentum.

16/100

Business quality: 18
Growth: 6
Valuation: 24

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Samvardhana Motherson International LimitedMOTHERSONMOTHERSON	₹1,65,731 Cr	₹1,81,626 Cr	₹1,31,135 Cr	₹12,541 Cr	9.4%	₹4,380 Cr	3.2%	12.6%	10.2%	-26
Bosch LimitedBOSCHLTDBOSCHLTD	₹1,34,166 Cr	₹1,34,166 Cr	₹21,088 Cr	₹2,832 Cr	13.2%	₹2,363 Cr	13.8%	21%	19.4%	13
Bharat Forge LimitedBHARATFORGBHARATFORG	₹89,644 Cr	₹96,518 Cr	₹17,543 Cr	₹2,963 Cr	17.4%	₹706 Cr	6.5%	17.9%	11.5%	136
Uno Minda LimitedUNOMINDAUNOMINDA	₹64,160 Cr	₹66,698 Cr	₹20,725 Cr	₹2,280 Cr	11.5%	₹1,202 Cr	6.5%	19.3%	19.1%	37
Schaeffler India LimitedSCHAEFFLERSCHAEFFLER	₹60,732 Cr	₹60,787 Cr	₹10,505 Cr	₹1,917 Cr	18.2%	₹1,253 Cr	11.9%	27.3%	20.2%	68
Sona Blw Precision Forgings LimitedSONACOMSSONACOMS	₹50,071 Cr	₹50,314 Cr	₹4,935 Cr	₹1,207 Cr	24.7%	₹686 Cr	14.1%	14.6%	11%	121
Tube Investments Of India LimitedTIINDIATIINDIA	₹45,302 Cr	₹45,695 Cr	₹23,754 Cr	₹2,260 Cr	9.9%	₹607 Cr	4.9%	15.4%	9.6%	41
Endurance Technologies LimitedENDURANCEENDURANCE	₹36,602 Cr	₹37,928 Cr	₹15,592 Cr	₹2,058 Cr	13.5%	₹970 Cr	6.5%	18.5%	15.2%	-6
Exide Industries LimitedEXIDEINDEXIDEIND	₹34,803 Cr	₹35,896 Cr	₹18,829 Cr	₹1,954 Cr	10.4%	₹932 Cr	4.8%	8.9%	6.1%	42
Dhoot Transmission LimitedDHOOTTRANSDHOOTTRANS	₹29,518 Cr	₹30,359 Cr	₹4,525 Cr	₹711 Cr	15.7%	₹397 Cr	8.8%	30.8%	23.1%	69
Craftsman Automation LimitedCRAFTSMANCRAFTSMAN	₹26,897 Cr	₹30,238 Cr	₹8,717 Cr	₹1,357 Cr	15.3%	₹465 Cr	4.8%	16.1%	12.5%	74
Sansera Engineering LimitedSANSERASANSERA	₹26,686 Cr	₹27,144 Cr	₹3,753 Cr	₹696 Cr	18.1%	₹351 Cr	9.3%	14.7%	11.1%	98

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	226	243	251	283	258	237	295	355	352	352	345
COGS	—	—	120	74	123	121	166	214	185	170	176
Gross profit	—	—	131	208	135	115	129	141	168	182	169
	221	236	122	198	130	108	127	139	150	168	161
	5	8	8	10	5	8	2	2	18	13	9
OPM %	2.3%	3.1%	3.3%	3.7%	1.9%	3.2%	0.8%	0.5%	5.1%	3.8%	2.5%
Depreciation	6	5	4	5	5	6	6	6	6	6	6
Interest	3	3	2	2	2	1	2	4	3	4	3
	2	1	2	3	5	1	5	3	3	3	4
Profit before tax	0	1	4	6	3	2	0	-5	12	6	3
Tax	—	-0	-0	-1	0	-4	0	-1	1	1	1
Tax %	—	-23.1%	-0.3%	-8.6%	16%	-185.7%	46.2%	-11.5%	12.6%	15.8%	23.5%
	0	2	4	7	3	6	0	-5	10	5	3
PAT margin %	0.1%	0.7%	1.5%	2.5%	1%	2.5%	0%	-1.4%	2.9%	1.5%	0.8%
EPS (₹)	0.7	1.3	9.6	17.9	6.4	15.3	0.2	-12.2	25.7	13.2	6.5
EPS adjusted (₹)	0.7	4.5	9.6	18	6.4	15.3	0.2	-12.2	25.7	13.2	6.5
	0%	0%	0%	0%	0%	0%	0%	—	7.8%	11.4%	10%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	4	4	4	4	4	4	4	4	4	4	4
Reserves	66	67	71	78	80	86	87	81	91	95	98
Minority interest	—	—	—	—	—	—	—	—	0	—	0
	45	30	30	33	24	30	42	50	44	56	46
	62	59	65	73	71	62	65	71	67	70	61
Total equity & liabilities	177	160	170	189	179	182	197	206	206	225	209
	77	71	67	67	65	64	65	67	62	64	68
CWIP	0	0	0	0	2	2	1	0	3	3	0
Investments	0	0	0	0	1	1	1	1	1	0	0
	99	89	103	122	111	115	130	137	140	158	141
Total assets	177	160	170	189	179	182	197	206	206	225	209

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	8	19	4	3	17	-4	-3	1	15	0	21
	-2	-1	1	-4	-6	-4	-8	-6	-6	-7	-7
	-9	-18	-5	2	-12	5	10	5	-9	7	-14
Net cash flow	-2	0	-0	0	-1	-3	0	-0	0	-0	0
Free cash flow	6	—	—	—	—	-8	-10	-5	9	-8	14
CFO / Operating profit %	158.5%	253.5%	51.6%	24%	352.8%	-51.6%	-112.6%	66.5%	84.5%	1%	251.4%

Compounded sales growth

7 years: 3%
5 years: 8%
3 years: -1%
1 year: -2%

Compounded profit growth

7 years: -13%
5 years: -16%
3 years: —
1 year: -50%

Return on equity

7 years: 3%
5 years: 3%
3 years: 6%
Last year: 3%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	73.7%	52.3%	48.7%	43.8%	39.8%	47.6%	51.6%	49.1%
EBITDA margin %	3.7%	1.9%	3.2%	0.8%	0.5%	5.1%	3.8%	2.5%
EBIT margin %	2%	-0.2%	0.8%	-1.2%	-1.3%	3.3%	2.1%	0.6%
PAT margin %	2.5%	1%	2.5%	0%	-1.4%	2.9%	1.5%	0.8%
Working capital
Receivable days	80	74	100	80	71	72	82	77
Inventory days	189	112	103	107	95	88	107	98
Payable days	—	—	—	—	87	87	100	81
NWC days	—	—	—	—	79	72	88	94
Leverage
Current ratio	—	—	—	—	1.24	1.35	1.31	1.39
Debt to EBITDA	3.18	4.93	3.97	16.86	29.93	2.46	4.18	5.39
Debt to equity	0.41	0.29	0.33	0.46	0.59	0.47	0.56	0.45
Interest coverage	4.9	3	3	-0.2	-0.4	4.4	2.5	2
Asset turnover	1.5	1.44	1.3	1.5	1.72	1.71	1.57	1.65
Return ratios
Return on assets %	3.7%	1.4%	3.3%	0%	-2.3%	4.9%	2.3%	1.2%
Return on capital employed %	—	—	—	—	-1.7%	14.2%	9.1%	5.8%
Return on equity %	8.6%	3%	6.7%	0.1%	-5.6%	10.6%	5.2%	2.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	65.54%	65.54%	65.54%	65.54%	65.54%	65.54%	63.94%	63.94%	63.94%	63.94%	63.94%	63.94%
FII	0%	0%	0%	0.01%	0.01%	0.02%	0%	0.01%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	34.46%	34.46%	34.46%	34.45%	34.45%	34.44%	36.06%	36.05%	36.06%	36.06%	36.06%	36.06%
No. of shareholders	—	—	—	—	—	—	—	—	8,773	8,624	8,555	8,403

Promoter holding down 1.6 percentage points since Sep 2023.

Mr. Krishna MaheshExecutive Director-Chairperson related to Promoter-MD
Mr. S VenkataramanNon-Executive - Independent Director
Mr. M.CT.P. ChidambaramNon-Executive - Independent Director
Mr. Rahul Rakesh AgrawalNon-Executive - Independent Director
Mrs. Shripriya Mahesh RamananNon-Executive - Non Independent Director
Ms. Shrikirti MaheshNon-Executive - Non Independent Director
Mr. Hari SChief Financial Officer
Mr. Pradeep Kumar NathCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Sundaram Brake Linings Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

30

Annual reports

30

Credit ratings

1

Revised Credit Rating from ICRA that the credit ratings of the company''s working capital limits , have been reaffirmed and outlook revised to Negative from Stable27 Mar 2026 from ICRA

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

8

Final dividend17 Jul 2026 · ex-date₹0.65
Final dividend18 Jul 2025 · ex-date₹1.5
Final dividend16 Jul 2024 · ex-date₹2
Dividend dividend19 Jul 2012 · ex-date₹3
Dividend dividend21 Jul 2011 · ex-date₹4
Interim dividend3 Mar 2010 · ex-date₹4
Interim dividend3 Jul 2009 · ex-date₹4
Interim dividend23 Jun 2008 · ex-date₹6

1

Board meeting to consider results8 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

0 announcementsExport CSV

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Sundaram Brake Linings Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Dividends8

Board meetings1

Announcements

No announcements stored for this window

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratio timeline

Quarterly record

Board and management

No fund holdings on record

Announcements

Annual reports

Credit ratings

Dividends8

Board meetings1

No announcements stored for this window

8

1

8

1