SNL Bearings Ltd

₹ 277 -1.00%

02 Jun - close price

About

SNL Bearings Ltd is engaged in the manufacturing of antifriction bearing products
for automotive as well as industrial uses. ^[1]^[2]

Key Points

Product Portfolio
The Co manufactures cage-guided drawn cup needle bearings, connecting-rod needle cages for piston pins and crank pins, among other needle bearings. ^[1]

Website BSE

Market Cap ₹ 100 Cr.
Current Price ₹ 277
High / Low ₹ 328 / 240
Stock P/E 12.2
Book Value ₹ 150
Dividend Yield 2.35 %
ROCE 21.7 %
ROE 16.0 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Company has been maintaining a healthy dividend payout of 27.2%
Debtor days have improved from 62.8 to 49.6 days.

Cons

The company has delivered a poor sales growth of 4.56% over past five years.
Working capital days have increased from 148 days to 215 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.

Peer comparison

Sector: Bearings Industry: Bearings

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
	8.50	2.83	8.89	12.23	12.52	10.17	12.43	10.24	10.69	11.30	13.92	11.32	11.33
	7.10	3.79	6.76	8.35	8.87	7.40	8.29	7.63	8.11	8.37	10.41	8.56	9.04
Operating Profit	1.40	-0.96	2.13	3.88	3.65	2.77	4.14	2.61	2.58	2.93	3.51	2.76	2.29
OPM %	16.47%	-33.92%	23.96%	31.73%	29.15%	27.24%	33.31%	25.49%	24.13%	25.93%	25.22%	24.38%	20.21%
	0.22	0.30	0.14	0.22	0.08	0.26	0.29	0.26	0.27	0.10	0.46	0.27	0.34
Interest	0.01	0.07	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.25	0.19	0.25	0.28	0.28	0.32	0.35	0.37	0.38	0.38	0.37	0.38	0.39
Profit before tax	1.36	-0.92	2.02	3.81	3.45	2.71	4.08	2.50	2.47	2.65	3.60	2.65	2.24
Tax %	33.82%	23.91%	24.75%	25.20%	26.96%	25.46%	25.74%	24.00%	23.89%	26.04%	25.56%	23.77%	31.70%
Net Profit	0.90	-0.70	1.52	2.85	2.52	2.02	3.03	1.90	1.88	1.96	2.68	2.02	1.53
EPS in Rs	2.49	-1.94	4.21	7.89	6.98	5.59	8.39	5.26	5.21	5.43	7.42	5.59	4.24
Raw PDF

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
	20.52	22.86	23.01	26.46	30.04	33.48	38.31	40.64	34.14	36.47	43.51	47.87
	13.63	16.09	17.44	18.89	20.56	22.73	26.44	29.46	28.29	27.77	31.42	36.39
Operating Profit	6.89	6.77	5.57	7.57	9.48	10.75	11.87	11.18	5.85	8.70	12.09	11.48
OPM %	33.58%	29.62%	24.21%	28.61%	31.56%	32.11%	30.98%	27.51%	17.14%	23.86%	27.79%	23.98%
	0.03	0.07	0.53	0.33	-0.07	0.06	0.30	1.16	0.72	0.74	1.10	1.17
Interest	0.24	0.36	0.71	0.56	0.33	0.14	0.01	0.01	0.02	0.08	0.01	0.00
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
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
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%
Net Profit	4.47	3.96	3.39	4.55	5.68	6.62	8.22	8.14	4.15	6.19	8.83	8.18
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
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:	10%

Compounded Profit Growth
10 Years:	8%
5 Years:	0%
3 Years:	27%
TTM:	-7%

Stock Price CAGR
10 Years:	26%
5 Years:	-6%
3 Years:	33%
1 Year:	-4%

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
	9.61	7.61	5.61	4.11	3.86	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
	1.15	3.85	6.48	4.10	1.82	0.70	0.00	0.09	3.00	0.08	0.16	0.13
	9.41	7.60	5.83	7.36	6.20	4.77	5.67	5.15	4.02	5.78	6.35	8.17
Total Liabilities	13.75	17.89	21.44	22.36	22.65	25.38	33.96	39.48	41.76	46.87	54.83	62.34
	3.12	5.12	8.32	8.97	8.85	9.36	8.91	10.76	13.37	13.02	14.80	14.79
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
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
	10.63	12.77	13.12	13.11	13.77	14.87	16.08	20.42	18.54	24.55	25.30	31.06
Total Assets	13.75	17.89	21.44	22.36	22.65	25.38	33.96	39.48	41.76	46.87	54.83	62.34

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	5.89	8.48
	-0.59	-2.37	-3.33	-0.70	-0.58	-2.25	-9.04	-0.10	-4.56	-0.06	-9.25	-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	57.13	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	78.94	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	318.87	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	118.03	215.40
ROCE %	65.75%	52.54%	35.55%	44.10%	55.34%	54.78%	46.54%	35.32%	14.93%	20.68%	26.28%	21.69%

Shareholding Pattern

Numbers in percentages

Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
74.39	74.39	74.39	74.39	74.39	74.39	74.39	74.39	74.39	74.39	74.39	74.39
0.63	0.63	0.63	0.63	0.56	0.00	0.00	0.00	0.00	0.00	0.00	0.00
24.97	24.97	24.97	24.97	25.04	25.60	25.60	25.60	25.60	25.60	25.61	25.60

Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
74.39	74.39	74.39	74.39	74.39	74.39	74.39
0.00	0.62	0.69	0.63	0.63	0.00	0.00
25.61	24.98	24.92	24.97	24.97	25.60	25.60

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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SNL Bearings Ltd

SNL Bearings Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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