SUNDARAM CLAYTON LIMITED (SUNCLAY): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1YAll

₹1,098.9 latest close · −19.4% over the last 90 sessions

₹1,098.9 month-end · −16.8% over 12 months

₹1,098.9 month-end · −27.3% since Dec '23

52-week range ₹993.10 to ₹1600.00 · 1-year volatility 38.9%

How rough has the ride been?

Maximum drawdown-64.4%not yet recovered

1-year volatility38.9%annualised

Beta vs sector index0.723-year daily, correlation 0.36

Volume spikes5last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-64.4% (2025-01 peak to 2026-10 low, not yet recovered)

-24.4% (2024-01 peak to 2024-03 low, recovered 2024-05)

-16.4% (2024-05 peak to 2024-06 low, recovered 2024-07)

Most recent volume spikes

2026-11-04: 17.8x the 50-day median, price +2.6% that day

2026-10-26: 6.3x the 50-day median, price +5.3% that day

2026-10-09: 53.8x the 50-day median, price +11.2% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Where does it rank among Producer Manufacturing peers?

Each cell is the company's percentile rank among its Producer Manufacturing peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

ROCE3rdflat vs a year ago
Op. margin8thflat vs a year ago
Revenue growth11th▼ 44 pts vs a year ago
Debt/equity ↓10th▲ 4 pts vs a year ago
Cash cycle ↓69thflat vs a year ago
P/E ↓93rd
12M momentum34th▲ 23 pts vs a year ago

Rank history

ROCE

Op. margin

Revenue growth

Debt/equity ↓

Cash cycle ↓

P/E ↓

12M momentum

Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26

Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory

What is the price implying?

~7%annual earnings growth implied by the priceAbove delivered growth

At P/E of 9.7x, a holder earning 12%/yr needs earnings to grow about 7.2%/yr for 10 years, then trade at 15x.

Delivered−31.9%/yrEPS, last 8 fiscal years · 3-yr avg to 3-yr avg

Gap+37.2 ptsimplied minus delivered

Rank27thmost demanding of 856

Over time

Implied growth by month (solid) and delivered growth (dashed).

Change the assumptions

Exit P/E / return	11%	12%	13%
12x	8.6%	9.6%	10.6%
15x	6.2%	7.2%	8.1%
20x	3.2%	4.1%	5.1%

Drag a slider to test other assumptions

Required return 12.0% Years 10 Exit P/E 15x Implied: 7.2%/yr

“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.

What prices imply across Producer Manufacturing The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹1098.90
P/E: 9.7x
ROCE: -3.0%
Market Cap: ₹2423 cr
Revenue (TTM): ₹2106 cr
P/S: 1.2x
P/B: 1.9x
ROE: 19.4%
Operating Margin: 2.0%
Debt / Equity: 1.0x
Promoter Holding: 59.1%
12M Momentum: -16.8%

52-week range

₹993.10₹1600.00

17% of the way from its 52-week low to its high

Price risk

1Y volatility

38.9%

Beta vs sector

1-year daily

0.81

Balance sheet & cash

Interest cover

operating profit ÷ interest

4.2x

Cash from profit, 3Y

operating cash flow ÷ net profit

-0.02x

low

Share count, 1Y

unchanged

Are profits backed by cash?

3 of 7checks within range2 beyond a threshold

Other income reliance164%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 163.6%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate12%Near threshold

Median quarterly effective tax rate over about 2.5 years: 12.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion-0.02xBeyond threshold

Operating cash flow divided by net profit over the last three fiscal years: -0.02x (cash from operations ₹-3 cr, net profit ₹121 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow2 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+3 daysWithin range

Debtor days are above the median of the previous three fiscal years by 3 days (66 vs 64). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress2% of fixed assetsWithin range

Capital work-in-progress is 2% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-51 days / 2 yrsWithin range

Days payable changed by -51 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

Over 2 years, promoters trimmed 15.4 pts; DIIs added 8.4 pts.
The number of shareholders rose from 21,154 to 22,732 (+7%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change

Promoters74.5%59.1%-15.4 pts

FIIs1.0%0.9%-0.1 pts

DIIs12.3%20.7%+8.4 pts

Public and others12.2%19.3%+7.1 pts

Number of shareholders

22,732shareholders+7% since Dec '23

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

+5.1%typical 12-month return vs the marketAbove the base rate

We found 50 past situations where a non-financial company looked like SUNDARAM CLAYTON LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
Over the following 12 months the middle half of them returned −16% to +25% vs the market, against −7% for all non-financial companies in the same months.
The analogs' median sat above that base rate (gap +11.7%, 80% range +6.3% to +13.3%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 5 beyond the range shown, drawn at the edge

Similar setups' median

+5.1%

All companies' median

−6.6%

Beat the market

62% vs 42%

50 past situations · 50 companies · 32 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
GVT&D Producer Manufacturing	Dec 2022	15x	—	−14%	−17%	+244%
JINDALPOLY Process Industries	Oct 2024	23x	3%	+22%	−19%	−28%
ORIENTCER Non-Energy Minerals	Apr 2020	3x	—	−44%	−48%	+17%
INDSWFTLAB Health Technology	Mar 2020	3x	4%	−48%	−57%	+97%
JMFINANCIL Finance	Nov 2023	13x	8%	+13%	−11%	+26%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
PRAKASH Non-Energy Minerals	Jun 2025	7x	—	−12%	−30%	−15%
HGS Commercial Services	May 2022	12x	1%	+8%	−47%	+8%
ORIENTHOT Consumer Services	Jan 2020	6x	4%	−20%	−32%	−39%

How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, 12-month momentum and interest cover. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to SUNDARAM CLAYTON LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

NETWORK 18 MEDIA & INVESTMENTSNETWORK18

Consumer Services

77%similar

operating marginrevenue

DHAMPUR SUGAR MILLSDHAMPURSUG

Process Industries

62%similar

revenuedebt/equity

ZUARI INDUSTRIESZUARIIND

Process Industries

61%similar

operating marginpromoter holding

MAGADH SUGAR & ENERGYMAGADSUGAR

Process Industries

58%similar

operating marginpromoter holding

RSWMRSWM

Process Industries

57%similar

debt/equitypromoter holding

HINDWARE HOME INNOVATIONHINDWAREAP

Producer Manufacturing

45%similar

debt/equityrevenue

BIRLANUBIRLANU

Producer Manufacturing

40%similar

debt/equityROCE

EPACK DURABLEEPACK

Producer Manufacturing

40%similar

revenuedebt/equity

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

23 events since Mar '24

2026
OctPriceFell 64% from the Jan 2025 peak to the Oct 2026 low.
OctPriceVolume reached 53.8x its 50-day median on 2026-10-09; price +11.2% that day.
JulPriceVolume reached 26.2x its 50-day median on 2026-07-28; price -6.7% that day.
JunResultsEPS (TTM) turned positive.
JunDividendStarted paying a dividend (payout 4% of profit).
MayPriceVolume reached 11.3x its 50-day median on 2026-05-14; price +0.4% that day.
MarPriceVolume reached 29.3x its 50-day median on 2026-03-16; price +6.6% that day.
2025
DecInstitutionsFII + DII holding rose 3.6 pts over 2 quarters to 23.6%.

Show 15 earlier events

2025
NovPriceVolume reached 25.8x its 50-day median on 2025-11-14; price -3.4% that day.
SepPromoterPromoter holding fell 2.8 pts to 59.1% (largest drop since 2025-03).
SepPriceVolume reached 51.3x its 50-day median on 2025-09-19; price +5.6% that day.
JunResultsRevenue (TTM) reached a new high of ₹2,259 cr.
JunSharesShare count is up 10.0% over 12 months.
MayPriceVolume reached 51.4x its 50-day median on 2025-05-12; price -0.0% that day.
MarPromoterPromoter holding fell 5.6 pts to 61.9% (largest drop since 2024-06).
FebPriceVolume reached 13.5x its 50-day median on 2025-02-28; price -12.9% that day.
2024
DecResultsRevenue (TTM) reached a new high of ₹2,249 cr.
DecInstitutionsFII + DII holding fell 3.2 pts over 2 quarters to 13.1%.
OctPriceVolume reached 7.7x its 50-day median on 2024-10-11; price -1.2% that day.
SepPriceVolume reached 11.6x its 50-day median on 2024-09-16; price +6.1% that day.
JunPromoterPromoter holding fell 7.0 pts to 67.5%.
AprPriceVolume reached 9.4x its 50-day median on 2024-04-22; price -0.4% that day.
MarPriceVolume reached 129.4x its 50-day median on 2024-03-14; price -1.2% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history36 months · 2023-12 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	9.7x	₹2106 cr	19.4%	-3.0%	1.0x
2026-10	9.0x	₹2106 cr	19.4%	-3.0%	1.0x
2026-09	10.8x	₹2106 cr	19.4%	-3.0%	1.0x
2026-08	11.4x	₹2026 cr	19.5%	-3.0%	1.0x
2026-07	11.0x	₹2026 cr	19.5%	-3.0%	1.0x
2026-06	11.9x	₹2026 cr	19.5%	-3.0%	1.0x
2026-05	—	₹2095 cr	-3.1%	-2.0%	1.5x
2026-04	—	₹2095 cr	-3.1%	-2.0%	1.5x
2026-03	—	₹2095 cr	-3.1%	-2.0%	1.5x
2026-02	—	₹2123 cr	-2.3%	-2.0%	1.5x
2026-01	—	₹2123 cr	-2.3%	-2.0%	1.5x
2025-12	—	₹2123 cr	-2.3%	-2.0%	1.5x
2025-11	—	₹2191 cr	-1.2%	-2.0%	1.5x
2025-10	—	₹2191 cr	-1.2%	-2.0%	1.5x
2025-09	—	₹2191 cr	-1.2%	-2.0%	1.5x
2025-08	—	₹2259 cr	-1.0%	-2.0%	1.5x
2025-07	—	₹2259 cr	-1.0%	-2.0%	1.5x
2025-06	—	₹2259 cr	-1.0%	-2.0%	1.5x
2025-05	—	₹2227 cr	-33.5%	-2.0%	2.4x
2025-04	—	₹2227 cr	-33.5%	-2.0%	2.4x
2025-03	—	₹2227 cr	-33.5%	-2.0%	2.4x
2025-02	—	₹2249 cr	-36.7%	-2.0%	2.4x
2025-01	—	₹2249 cr	-36.7%	-2.0%	2.4x
2024-12	—	₹2249 cr	-36.7%	-2.0%	2.4x
2024-11	—	₹1983 cr	-29.3%	-2.0%	2.4x
2024-10	—	₹1983 cr	-29.3%	-2.0%	2.4x
2024-09	—	₹1983 cr	-29.3%	-2.0%	2.4x
2024-08	—	₹1924 cr	-26.0%	-2.0%	2.4x
2024-07	—	₹1924 cr	-26.0%	-2.0%	2.4x
2024-06	—	₹1924 cr	-26.0%	-2.0%	2.4x
2024-05	—	₹2053 cr	-14.0%	-1.0%	1.4x
2024-04	—	₹2053 cr	-14.0%	-1.0%	1.4x
2024-03	—	₹2053 cr	-14.0%	-1.0%	1.4x
2024-02	—	₹2053 cr	-14.0%	-1.0%	1.4x
2024-01	—	₹2053 cr	-14.0%	-1.0%	1.4x
2023-12	—	₹2053 cr	-14.0%	-1.0%	1.4x

Methodology and data notes