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SUNDRAMFASTENERS Diversified 2026-04-??

Sundram Fasteners Limited — Q4 FY26

Sundram Fasteners reported a solid FY26 with revenue of ₹5,612 crore (+7% YoY) and record PAT of ₹580 crore, driven by strong domestic OEM and retail growth (retail up ~20% in Q4) and a recovery in exports.

bullish high
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Revenue ₹1,693 Cr +7.3%
EBITDA
PAT ₹161 Cr
EBITDA Margin 15% +140bps
Duration
Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

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Sundram Fasteners reported a solid FY26 with revenue of ₹5,612 crore (+7% YoY) and record PAT of ₹580 crore, driven by strong domestic OEM and retail growth (retail up ~20% in Q4) and a recovery in exports. EBITDA margin expanded 140 bps to 17% on stable raw material costs and operating leverage. Management guided for double-digit revenue growth in FY27, with exports expected to grow 15-20% and non-auto segments (railways, aerospace, wind energy) providing incremental upside. Key risk: any escalation in geopolitical tensions or tariff disruptions could derail export recovery.

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Geopolitical and tariff disruptions

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Quarter Snapshot

Export growth (Q4 YoY) Positive territory
Return to growth

Exports turned positive in Q4 after a weak FY26, driven by North American class 8 truck orders doubling.

Railway monthly run-rate ₹2-3 crore/month
Targeting ₹100 crore annualized

Railway fastener business currently small but management sees potential to reach ₹100 crore annual run-rate by Q3/Q4 FY27.

Non-auto share of revenue 35%
Targeting 50%

Non-auto (including tractors) is 35% of revenue; management aspires to increase this to 50% over time.

Class 8 truck orders (Q1 CY26) Doubled YoY
+100% YoY

Preliminary orders for North American class 8 trucks in Jan-Mar 2026 doubled vs year-ago, signaling strong demand.

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Guidance and risk preview

Top guidance Double-digit revenue growth in FY27

Management targets double-digit revenue growth in FY27, driven by domestic OEM, retail, and export recovery.

Top risk Geopolitical and tariff disruptions

Escalation in West Asia conflict or US tariff changes could impact export recovery and raw material costs.

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