Sundaram Finance Ltd.

About the company
Sundaram Finance is a deposit-taking NBFC registered with RBI, established in 1954. The bulk of Sundaram’s advances are to finance asset purchases and made up of CV loans and car loans. By September 30, 2019, 53.4% of its outstanding loans were to commercial vehicles, 25.2% to cars, 9.9% to construction equipment with the balance made up of tractors and others. It has subsidiaries operating in home finance, mutual funds, fund services and a joint venture engaged in general insurance. The company had standalone deposits to the tune of Rs 3507 crore by September 30, 2019. For the half-year ended September 2019, it reported standalone revenues of Rs 1974 crore up by 25.7% and PBT of Rs 558 crore, up by 26% over the same period last year.
Risk metrics Comments
Credit Rating CRISIL FAAA, ICRA MAAA Stable . Click to view credit report
Capital adequacy CRAR of 17.4% against regulatory norm of 15% by September 2019.
Asset quality Net NPA 1.64%, Gross NPA 2.2% by September 2019
Liquidity As of March 31, 2019, the company’s estimated cash inflows exceeded outflows for upto 6-month, 1-3 year, 3-5 year and over 5 year tenures, with a mismatch in the 6 month to 1 year bucket alone.

Notes:

  1. Deposit rates higher by 0.50% for senior citizens.

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