Sundaram Fasteners Ltd (SUNDRMFAST) is a leading Indian manufacturer of high-precision automotive and industrial components, part of the respected TVS Group. The company specializes in fasteners, powertrain parts, wind energy components, and precision-engineered products for automotive, aerospace, infrastructure, and renewable energy sectors. With global clients including major OEMs and a reputation for quality, Sundaram Fasteners has built a resilient export-oriented business. However, recent financials show modest top-line growth and margin pressure, warranting a balanced outlook. This article provides a fact-based analysis and realistic share price targets for each year from 2026 to 2030.
Based on modest growth, global exposure, and reasonable return ratios, we project:
Year
Target Price Range (₹)
2026
₹980 – ₹1,080
2027
₹1,040 – ₹1,160
2028
₹1,100 – ₹1,250
2029
₹1,160 – ₹1,340
2030
₹1,220 – ₹1,430
These targets assume:
EPS CAGR of 8–10% (in line with recent profit growth)
P/E range of 32–36x (slight compression from current 36.6x)
Stable dividend policy (~30% payout)
Year-wise Breakdown
Sundaram Fasteners Share Price Target 2026
Year
Target 1
Target 2
2026
₹980
₹1,080
Rationale: Near-term upside is limited by slow sales growth and global manufacturing slowdown, but a strong brand and export base provide support.
Sundaram Fasteners Share Price Target 2027
Year
Target 1
Target 2
2027
₹1,040
₹1,160
Rationale: Potential benefit from EV component demand and wind energy capex in Europe.
Sundaram Fasteners Share Price Target 2028
Year
Target 1
Target 2
2028
₹1,100
₹1,250
Rationale: By 2028, new product lines (e.g., EV fasteners, aerospace) could improve margins.
Sundaram Fasteners Share Price Target 2029
Year
Target 1
Target 2
2029
₹1,160
₹1,340
Rationale: Long-term play on India’s engineering exports and global supply chain diversification.
Sundaram Fasteners Share Price Target 2030
Year
Target 1
Target 2
2030
₹1,220
₹1,430
Rationale: The upper end assumes sustained ROCE >17%, debt reduction, and market share gains in non-auto segments.
Strengths vs Risks
✅ Strengths
Part of TVS Group—strong governance and legacy
Global client base across regulated markets
Consistent dividend payer (30%+ payout)
Diversified into wind energy & aerospace
⚠️ Risks
Modest sales growth (6.2%) despite a strong order book
High P/E (36.6x) for a low-growth industrial stock
Low cash reserves (₹16.88 Cr) vs debt (₹596 Cr)
Cyclical exposure to auto and capital goods cycles
Investment Suitability
Factor
Assessment
Risk Profile
Moderate (mid-cap industrial)
Time Horizon
Long-term (5+ years)
Volatility
Moderate
Dividend/Income
Yes (0.77% yield + stable)
Ideal Investor
Quality-focused investor bullish on Indian engineering exports
FAQs
A realistic range is ₹980 – ₹1,080, assuming no major disruption in global manufacturing.
By 2030, it could reach ₹1,220 – ₹1,430 if execution in new segments improves.
No—those levels are unrealistic. The stock trades above ₹900, so ₹40/₹50 likely confuses face value (₹1) with market price.
It’s part of the TVS Group, with 46.95% promoter holding controlled by the TVS family.
Yes—it has a consistent dividend history with a current yield of 0.77% and ~30% payout ratio.
Due to slow revenue growth, high valuation, and a global slowdown in auto and industrial demand.
Yes—for patient investors who believe in India’s engineering export potential and TVS Group’s execution.
Final Verdict
Sundaram Fasteners is a high-quality industrial stock with global relevance and strong governance. While near-term growth is muted, its diversification into renewables and aerospace offers long-term optionality. Our 2026–2030 price targets (₹980–₹1,430) reflect steady, not explosive, appreciation. Investors should accumulate on dips with a 5-year horizon.
📌 Disclaimer: Price targets are estimates based on current fundamentals and sector trends. They are not investment advice. Please consult a SEBI-registered advisor.
Hi, I’m Raj Mittal, a stock market content writer focused on company analysis, share price trends, and fundamental research. I create simple, research-based insights to help investors make smarter market decisions.
