An Indian business called Sundram Fasteners Limited produces and markets a range of engineering components, mostly for automotive manufacturers.
The firm, which is a member of the TVS Group, serves a number of sectors, including windmill, aviation, infrastructure, and automotive. Sundram Fasteners Limited was founded in 1966 and has since expanded to become the global leader in the production of vital, highly precise parts. The stock has announced its second interim dividend for the fiscal year that concluded on March 31, 2025, with the record date approaching in only two days. The stock is currently consolidating at its lower range after a sharp 44% loss from its upper levels. It is still in a definite bearish trend, with a regular pattern of lower highs and lower lows. Should traders avoid the stock or stick to the buy-the-dip strategy?
Sundram Fasteners Dividend
At its meeting held on Wednesday, April 30, 2025, the Board of Directors authorized the payment of the 2nd interim dividend at a rate of Rs. 4.20/-per share of Re 1/-each for the fiscal year that ended on March 31, 2025. The Board has determined that Wednesday, May 7, 2025, will be the record date for the interim dividend payment.
Sundram Fasteners Q4 Results
For the January-March 2025 quarter, auto component manufacturer Sundram Fasteners Ltd. recorded a standalone net profit of Rs 134.37 crore, up from Rs 132.54 crore in the same quarter of the previous fiscal year. The company’s net profit increased to Rs 517.01 crore for the year ended March 31, 2025, from Rs 479.71 crore the previous year. Compared to Rs 1,294.78 crore in Q4FY24, the standalone total income for Q4FY25 was Rs 1,362.09 crore.
The total income increased from Rs 4,952.98 crore recorded in FY24 to Rs 5,231.33 crore for the financial year ended March 31, 2025. Sundram Fasteners reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of Rs 972.46 crore and revenue of Rs 5,983.74 crore for the fiscal year 2024-2025. Domestic sales increased from Rs 846.26 crores in the same quarter of the previous fiscal year to Rs 900.42 crores in Q4FY25.
The company’s exports for the quarter that ended on March 31, 2025, totaled Rs 409.62 crores, a rise from Rs 385.28 crores the previous year. The profit before tax (PBT) for the quarter ending March 31, 2025, was Rs 174.60 crores, compared to Rs 174.34 crores in Q4FY24.
Sundram Fasteners Share Price Target
Hardik Matalia – Derivative Analyst at Choice Broking said, “SUNDRMFAST is currently trading around ₹917.70 and remains in a clear bearish trend, marked by a consistent formation of lower highs and lower lows over the past few months. The stock has experienced a steep decline of nearly 44% from its higher levels and is now consolidating near its lower range, indicating exhaustion but lacking strong signs of a reversal. While there have been early attempts of buying interest emerging from lower levels, the stock has repeatedly faced rejection near immediate resistance zones, signaling that buyers are still lacking conviction and the downtrend remains dominant.”
“A decisive and sustainable move above the ₹975 mark will be crucial for signaling a potential pause in the ongoing decline and could open the door for a trend reversal. On the downside, continued failure to reclaim resistance levels may keep the stock under pressure and extend the consolidation or further downside movement. The Relative Strength Index (RSI) currently stands at 48.71, showing rejection from higher levels and trending downward, which reflects weakening momentum and the absence of strong buying interest,” the analyst added.
Technically, SUNDRMFAST is trading below all its key moving averages-short-term (20-day), medium-term (50-day), and long-term (200-day) EMAs-further confirming the prevailing bearish structure and lack of trend strength.
“For short-term traders, it is advisable to wait for a clear reversal confirmation, such as a breakout above resistance levels or strong bullish volume, before initiating any fresh long positions. Long-term investors may consider starting with partial accumulation at current levels, especially given the substantial correction from the highs. Gradual additions on further dips can be considered, keeping in mind the improving valuation and long-term potential, provided a confirmed trend reversal emerges in the coming sessions,” Hardik Matalia further recommended.