SNL Bearings Ltd
₹ 331
-0.32%
05 Dec
10:12 a.m.
About
Incorporated in 1983, SNL Bearings Ltd manufactures and markets antifriction bearing products[1]
Key Points
- Market Cap ₹ 120 Cr.
- Current Price ₹ 331
- High / Low ₹ 405 / 240
- Stock P/E 16.3
- Book Value ₹ 154
- Dividend Yield 1.96 %
- ROCE 21.7 %
- ROE 16.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 27.2%
- Debtor days have improved from 62.9 to 49.6 days.
Cons
- The company has delivered a poor sales growth of 4.56% over past five years.
* 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
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
20.52 | 22.86 | 23.01 | 26.46 | 30.04 | 33.48 | 38.31 | 40.64 | 34.14 | 36.47 | 43.51 | 47.87 | 47.47 | |
13.63 | 16.09 | 17.44 | 18.89 | 20.56 | 22.73 | 26.44 | 29.46 | 28.29 | 27.77 | 31.42 | 36.38 | 37.45 | |
Operating Profit | 6.89 | 6.77 | 5.57 | 7.57 | 9.48 | 10.75 | 11.87 | 11.18 | 5.85 | 8.70 | 12.09 | 11.49 | 10.02 |
OPM % | 33.58% | 29.62% | 24.21% | 28.61% | 31.56% | 32.11% | 30.98% | 27.51% | 17.14% | 23.86% | 27.79% | 24.00% | 21.11% |
0.03 | 0.07 | 0.53 | 0.33 | -0.07 | 0.06 | 0.30 | 1.16 | 0.72 | 0.74 | 1.10 | 1.17 | 1.54 | |
Interest | 0.24 | 0.36 | 0.71 | 0.56 | 0.33 | 0.14 | 0.01 | 0.01 | 0.02 | 0.08 | 0.01 | 0.01 | 0.01 |
Depreciation | 0.44 | 0.37 | 0.43 | 0.60 | 0.57 | 0.71 | 0.79 | 0.92 | 1.01 | 1.00 | 1.42 | 1.52 | 1.56 |
Profit before tax | 6.24 | 6.11 | 4.96 | 6.74 | 8.51 | 9.96 | 11.37 | 11.41 | 5.54 | 8.36 | 11.76 | 11.13 | 9.99 |
Tax % | 28.37% | 35.19% | 31.85% | 32.34% | 33.25% | 33.63% | 27.70% | 28.57% | 25.09% | 25.96% | 24.91% | 26.50% | |
4.47 | 3.96 | 3.39 | 4.55 | 5.68 | 6.62 | 8.22 | 8.14 | 4.15 | 6.19 | 8.83 | 8.18 | 7.35 | |
EPS in Rs | 12.38 | 10.96 | 9.39 | 12.60 | 15.73 | 18.33 | 22.76 | 22.54 | 11.49 | 17.14 | 24.45 | 22.65 | 20.35 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 12.71% | 16.36% | 21.96% | 22.17% | 26.10% | 26.24% | 26.57% | 28.69% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 5% |
3 Years: | 12% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 0% |
3 Years: | 27% |
TTM: | -13% |
Stock Price CAGR | |
---|---|
10 Years: | 36% |
5 Years: | 0% |
3 Years: | 32% |
1 Year: | 15% |
Return on Equity | |
---|---|
10 Years: | 23% |
5 Years: | 17% |
3 Years: | 17% |
Last Year: | 16% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3.61 | 3.61 | 3.61 | 3.61 | 3.61 | 3.61 | 3.61 | 3.61 | 3.61 | 3.61 | 3.61 | 3.61 | 3.61 |
Reserves | -0.42 | 2.83 | 5.52 | 7.29 | 11.02 | 16.30 | 24.68 | 30.63 | 31.13 | 37.40 | 44.71 | 50.43 | 51.91 |
Preference Capital | 6.00 | 4.00 | 2.00 | 0.50 | 0.25 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
1.15 | 3.85 | 6.48 | 4.10 | 1.82 | 0.70 | 0.00 | 0.09 | 3.00 | 0.08 | 0.16 | 0.13 | 0.11 | |
9.41 | 7.60 | 5.83 | 7.36 | 6.20 | 4.77 | 5.67 | 5.15 | 4.02 | 5.78 | 6.37 | 8.17 | 7.47 | |
Total Liabilities | 13.75 | 17.89 | 21.44 | 22.36 | 22.65 | 25.38 | 33.96 | 39.48 | 41.76 | 46.87 | 54.85 | 62.34 | 63.10 |
3.12 | 5.12 | 8.32 | 8.97 | 8.85 | 9.36 | 8.91 | 10.76 | 13.37 | 13.02 | 14.80 | 14.79 | 15.79 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.28 | 0.03 | 0.08 | 0.25 | 0.22 | 0.00 | 1.27 | 0.21 | 1.24 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.07 | 8.72 | 8.08 | 9.85 | 8.03 | 14.52 | 15.25 | 15.92 |
10.63 | 12.77 | 13.12 | 13.11 | 13.77 | 14.87 | 16.08 | 20.42 | 18.54 | 24.55 | 25.32 | 31.06 | 31.39 | |
Total Assets | 13.75 | 17.89 | 21.44 | 22.36 | 22.65 | 25.38 | 33.96 | 39.48 | 41.76 | 46.87 | 54.85 | 62.34 | 63.10 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3.50 | 2.66 | 4.11 | 6.08 | 6.57 | 6.43 | 9.73 | 2.28 | 7.62 | 7.99 | 5.91 | 8.48 | |
-0.59 | -2.37 | -3.33 | -0.70 | -0.58 | -2.25 | -9.04 | -0.10 | -4.56 | -0.06 | -9.27 | -7.75 | |
-3.08 | -0.32 | -0.75 | -5.14 | -5.65 | -4.83 | -0.71 | -2.10 | -0.58 | -3.09 | -1.56 | -2.39 | |
Net Cash Flow | -0.17 | -0.03 | 0.03 | 0.23 | 0.35 | -0.65 | -0.01 | 0.08 | 2.48 | 4.84 | -4.92 | -1.66 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 54.43 | 68.18 | 91.21 | 70.63 | 78.49 | 74.68 | 68.88 | 56.22 | 69.60 | 81.77 | 57.30 | 49.64 |
Inventory Days | 440.64 | 402.86 | 348.19 | 369.21 | 286.12 | 327.90 | 215.33 | 463.30 | 278.95 | 206.55 | 340.69 | 282.80 |
Days Payable | 35.39 | 91.69 | 78.64 | 110.97 | 98.95 | 48.09 | 96.02 | 64.69 | 38.17 | 68.22 | 79.54 | 98.55 |
Cash Conversion Cycle | 459.68 | 379.34 | 360.76 | 328.86 | 265.66 | 354.50 | 188.20 | 454.83 | 310.39 | 220.10 | 318.44 | 233.89 |
Working Capital Days | 118.64 | 139.87 | 151.65 | 87.18 | 93.56 | 118.94 | 96.32 | 143.43 | 134.28 | 110.59 | 119.54 | 99.12 |
ROCE % | 65.75% | 52.54% | 35.55% | 44.10% | 55.34% | 54.78% | 46.54% | 35.32% | 14.93% | 20.68% | 26.28% | 21.70% |
Documents
Announcements
- Disclosure Of Related Party Transactions Under Regulation 23(9) Of The SEBI (LODR) Regulations, 2015, For The Half Year Ended September 30, 2023. 3 Nov
-
Outcome Of Board Meeting - November 3, 2023
3 Nov - Board of the Company at its meeting held on today i.e. November 3, 2023, considered and approved the Un-audited Financial Results for the quarter and …
- Outcome Of Board Meeting - November 3, 2023 3 Nov
- Board Meeting Outcome for Outcome Of Board Meeting - November 3, 2023 3 Nov
- Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 27 Oct
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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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