CMP: 455

Sundaram Finance Ltd., together with its subsidiaries, provides various financial products and services in India. The Company offers savings products, car and commercial vehicle finance, insurance products, home loans and logistics services. Sundaram is based in Chennai, India.

Sundaram Finance is a decent bet in mid-cap Finance space. Its trading at a P/E of little over 12 with dividend yields of almost 2% in the last 12 months. Revenues have risen from 902 Crores to 1701 Crores in the last 5 years. Profits have risen from 213 Crores to 355 Crores in the last 5 years. Profit margins have dipped from 24% to 21% over the last 5 years. Its a good and safe buy for long term. Accumulate on dips.