SNL Bearings Ltd

SNL Bearings Ltd

₹ 375 2.64%
05 May - close price
About

Incorporated in 1983, SNL Bearings Ltd manufactures and markets antifriction bearing products[1]

Key Points

Business Overview:[1][2]
SNL was promoted by Shriram group in technical collaboration with INA Germany. At present, it is a part of NRB Bearings Limited. Company does Needle Roller Bearing manufacturing for automobile industries and also manufactures industrial bearings used in Textile machineries and household appliances. Company's product is supplied ~90% to Original Equipment Manufacturers and remainder for replacement market / exports

  • Market Cap 135 Cr.
  • Current Price 375
  • High / Low 430 / 300
  • Stock P/E 12.5
  • Book Value 210
  • Dividend Yield 2.13 %
  • ROCE 20.3 %
  • ROE 15.1 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 9.20% over past five years.
  • Working capital days have increased from 192 days to 352 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
11.33 11.80 13.02 11.41 11.46 12.19 12.71 12.48 13.81 12.37 14.77 14.26 15.22
9.04 9.70 10.15 8.88 8.61 9.06 9.56 8.91 10.57 9.28 10.77 10.95 11.37
Operating Profit 2.29 2.10 2.87 2.53 2.85 3.13 3.15 3.57 3.24 3.09 4.00 3.31 3.85
OPM % 20.21% 17.80% 22.04% 22.17% 24.87% 25.68% 24.78% 28.61% 23.46% 24.98% 27.08% 23.21% 25.30%
0.34 0.51 0.42 0.51 0.52 0.70 0.68 0.56 0.66 0.86 0.48 0.74 -0.01
Interest 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.39 0.39 0.40 0.40 0.38 0.39 0.38 0.38 0.39 0.43 0.44 0.44 0.42
Profit before tax 2.24 2.22 2.88 2.64 2.99 3.44 3.45 3.75 3.51 3.52 4.04 3.61 3.42
Tax % 31.70% 25.68% 25.35% 26.14% 30.77% 24.71% 25.51% 22.40% 20.23% 23.01% 27.48% 26.59% 24.85%
1.53 1.65 2.15 1.95 2.07 2.59 2.57 2.91 2.80 2.71 2.93 2.65 2.57
EPS in Rs 4.24 4.57 5.95 5.40 5.73 7.17 7.12 8.06 7.75 7.50 8.11 7.34 7.12
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
26 30 33 38 41 34 36 44 48 48 51 57
19 21 23 26 29 28 28 31 36 37 38 42
Operating Profit 8 9 11 12 11 6 9 12 11 10 13 14
OPM % 29% 32% 32% 31% 28% 17% 24% 28% 24% 22% 26% 25%
0 -0 0 0 1 1 1 1 1 2 3 2
Interest 1 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 2 2 2 2
Profit before tax 7 9 10 11 11 6 8 12 11 11 14 15
Tax % 32% 33% 34% 28% 29% 25% 26% 25% 26% 27% 23% 26%
5 6 7 8 8 4 6 9 8 8 11 11
EPS in Rs 12.60 15.73 18.33 22.76 22.54 11.49 17.14 24.45 22.65 21.65 30.07 30.04
Dividend Payout % 0% 13% 16% 22% 22% 26% 26% 27% 29% 32% 27% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 9%
3 Years: 6%
TTM: 11%
Compounded Profit Growth
10 Years: 7%
5 Years: 13%
3 Years: 10%
TTM: 5%
Stock Price CAGR
10 Years: 8%
5 Years: 14%
3 Years: 9%
1 Year: -1%
Return on Equity
10 Years: 18%
5 Years: 16%
3 Years: 15%
Last Year: 15%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 7 11 16 25 31 31 37 45 50 56 64 72
5 2 1 0 0 3 0 0 0 0 0 0
7 6 5 6 5 4 6 6 8 7 7 8
Total Liabilities 22 23 25 34 39 42 47 55 62 67 75 84
9 9 9 9 11 13 13 15 15 15 14 13
CWIP 0 0 0 0 0 0 1 0 1 0 0 0
Investments 0 0 1 9 8 10 8 15 15 14 34 39
13 14 15 16 20 19 25 25 31 37 26 32
Total Assets 22 23 25 34 39 42 47 55 62 67 75 84

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
6 7 6 10 2 8 8 6 10 8 4 13
-1 -1 -2 -9 -0 -5 -0 -9 -10 -6 -1 -10
-5 -6 -5 -1 -2 -1 -3 -2 -2 -2 -3 -3
Net Cash Flow 0 0 -1 -0 0 2 5 -5 -2 0 -0 -0
Free Cash Flow 5 6 5 9 -0 4 6 4 8 7 4 13
CFO/OP 108% 98% 89% 109% 49% 156% 119% 73% 110% 101% 56% 116%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 71 78 75 69 56 70 82 57 50 49 68 61
Inventory Days 369 286 328 215 463 279 207 341 283 238 261 216
Days Payable 111 99 48 96 65 38 68 79 96 55 54 68
Cash Conversion Cycle 329 266 354 188 455 310 220 319 236 231 275 208
Working Capital Days 58 92 111 96 143 102 110 118 99 98 125 352
ROCE % 44% 55% 55% 47% 35% 15% 21% 26% 22% 19% 21% 20%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Employees
nos

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Revenue from Sale of Bearings
INR Lakhs
Revenue Contribution from Parent (NRB Bearings)
INR Lakhs
Market Share in Needle Bearing Segment
%
Production Growth Commitment in Wage Settlement
%
Revenue Contribution from Parent (NRB Bearings)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.39% 74.39% 74.39% 74.39% 74.39% 74.39% 74.39% 74.39% 74.39% 74.39% 74.39% 74.39%
25.60% 25.60% 25.60% 25.61% 25.60% 25.60% 25.62% 25.60% 25.60% 25.60% 25.62% 25.60%
No. of Shareholders 5,4755,9355,2315,1745,5685,7475,8635,8705,8595,9095,4745,301

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