SNL Bearings Ltd

About [ edit ]

SNL Bearings is engaged in the business of manufacture and marketing of antifriction bearing products.

  • Market Cap 69.0 Cr.
  • Current Price 191
  • High / Low 270 / 103
  • Stock P/E 15.1
  • Book Value 98.5
  • Dividend Yield 1.57 %
  • ROCE 15.0 %
  • ROE 11.7 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 22.40%
  • Company has been maintaining a healthy dividend payout of 23.37%

Cons

  • The company has delivered a poor sales growth of 5.23% over past five years.

Peer comparison

Sector: Auto Ancillaries Industry: Bearings

Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
10.58 8.24 12.47 10.33 9.60 9.51 8.89 7.24 8.50 2.83 8.89 12.23
7.21 6.00 8.89 7.57 7.01 7.34 7.53 6.38 7.10 3.79 6.76 8.35
Operating Profit 3.37 2.24 3.58 2.76 2.59 2.17 1.36 0.86 1.40 -0.96 2.13 3.88
OPM % 31.85% 27.18% 28.71% 26.72% 26.98% 22.82% 15.30% 11.88% 16.47% -33.92% 23.96% 31.73%
Other Income 0.16 0.23 0.14 0.40 0.39 0.19 0.23 0.14 0.22 0.30 0.14 0.22
Interest 0.01 0.00 0.00 0.00 0.01 0.00 0.00 0.01 0.01 0.07 0.00 0.01
Depreciation 0.18 0.19 0.20 0.20 0.33 0.28 0.23 0.25 0.25 0.19 0.25 0.28
Profit before tax 3.34 2.28 3.52 2.96 2.64 2.08 1.36 0.74 1.36 -0.92 2.02 3.81
Tax % 29.34% 28.95% 29.55% 28.72% 26.89% 29.33% 5.88% 32.43% 33.82% 23.91% 24.75% 25.20%
Net Profit 2.36 1.62 2.48 2.11 1.93 1.47 1.28 0.50 0.90 -0.70 1.52 2.85
EPS in Rs 6.53 4.49 6.87 5.84 5.34 4.07 3.54 1.38 2.49 -1.94 4.21 7.89

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
12.40 13.00 17.61 20.52 22.86 23.01 26.46 30.04 33.48 38.31 40.64 34.14 32.45
9.92 12.16 12.00 13.63 16.09 17.44 18.89 20.56 22.73 26.44 29.46 28.28 26.00
Operating Profit 2.48 0.84 5.61 6.89 6.77 5.57 7.57 9.48 10.75 11.87 11.18 5.86 6.45
OPM % 20.00% 6.46% 31.86% 33.58% 29.62% 24.21% 28.61% 31.56% 32.11% 30.98% 27.51% 17.16% 19.88%
Other Income 0.23 0.37 -0.02 0.03 0.07 0.53 0.33 -0.07 0.06 0.30 1.16 0.72 0.88
Interest 0.73 0.63 0.31 0.24 0.36 0.71 0.56 0.33 0.14 0.01 0.01 0.02 0.09
Depreciation 0.45 0.47 0.47 0.44 0.37 0.43 0.60 0.57 0.71 0.79 0.92 1.01 0.97
Profit before tax 1.53 0.11 4.81 6.24 6.11 4.96 6.74 8.51 9.96 11.37 11.41 5.55 6.27
Tax % 34.64% 54.55% 20.58% 28.37% 35.19% 31.85% 32.34% 33.25% 33.63% 27.70% 28.57% 25.05%
Net Profit 1.00 0.05 3.82 4.47 3.96 3.39 4.55 5.68 6.62 8.22 8.14 4.17 4.57
EPS in Rs 2.77 0.14 10.58 12.38 10.96 9.39 12.60 15.73 18.33 22.76 22.54 11.55 12.65
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 12.71% 16.36% 21.96% 22.17% 25.97%
Compounded Sales Growth
10 Years:10%
5 Years:5%
3 Years:1%
TTM:-8%
Compounded Profit Growth
10 Years:55%
5 Years:-2%
3 Years:-16%
TTM:-12%
Stock Price CAGR
10 Years:17%
5 Years:1%
3 Years:-23%
1 Year:49%
Return on Equity
10 Years:32%
5 Years:27%
3 Years:22%
Last Year:12%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
13.61 13.61 11.61 9.61 7.61 5.61 4.11 3.86 3.61 3.61 3.61 3.61 3.61
Reserves -8.11 -8.06 -4.24 -0.42 2.83 5.52 7.29 11.02 16.30 24.68 30.63 31.13 31.96
Borrowings 4.24 3.72 2.00 1.15 3.85 6.48 4.10 1.82 0.70 0.00 0.09 3.00 0.13
13.00 11.64 10.65 9.41 7.60 5.83 7.36 6.20 4.77 5.67 5.15 4.03 5.13
Total Liabilities 12.74 10.91 12.02 13.75 17.89 21.44 22.36 22.65 25.38 33.96 39.48 41.77 40.83
3.65 3.22 2.97 3.12 5.12 8.32 8.97 8.85 9.36 8.91 10.76 13.38 13.12
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.28 0.03 0.08 0.25 0.22 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.07 8.72 8.08 9.85 12.34
9.09 7.69 9.05 10.63 12.77 13.12 13.11 13.77 14.87 16.08 20.42 18.54 15.37
Total Assets 12.74 10.91 12.02 13.75 17.89 21.44 22.36 22.65 25.38 33.96 39.48 41.77 40.83

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
3.81 1.18 4.43 3.50 2.66 4.11 6.08 6.57 6.43 9.73 2.28 7.62
-0.24 -0.05 -0.24 -0.59 -2.37 -3.33 -0.70 -0.58 -2.25 -9.04 -0.10 -4.56
-3.66 -1.14 -4.03 -3.08 -0.32 -0.75 -5.14 -5.65 -4.83 -0.71 -2.10 -0.59
Net Cash Flow -0.09 -0.01 0.16 -0.17 -0.03 0.03 0.23 0.35 -0.65 -0.01 0.08 2.47

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 21.10% 7.79% 55.15% 65.75% 52.54% 35.55% 44.10% 55.34% 54.78% 46.54% 35.32% 14.96%
Debtor Days 67.70 59.24 61.35 54.43 68.18 91.21 70.63 78.49 74.68 68.88 56.22 69.71
Inventory Turnover 0.63 0.78 1.03 1.14 1.15 1.27 1.31 1.48 1.51 1.93 1.37 1.22

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
74.39 74.39 74.39 74.39 74.39 74.39 74.39 74.39 74.39 74.39 74.39 74.39
0.68 0.68 0.69 0.69 0.69 0.69 0.69 0.63 0.63 0.63 0.63 0.63
24.93 24.93 24.92 24.92 24.92 24.92 24.91 24.97 24.97 24.97 24.97 24.97

Documents