Schaeffler India Ltd

Schaeffler India Ltd

₹ 4,814 -0.24%
18 Jun 4:10 p.m.
About

Schaeffler India Ltd is engaged in the development, manufacturing and distribution of high-precision roller and ball bearings, engine systems and transmission components, chassis applications, clutch systems and related machine building manufacturing activities.[1]

Key Points

Business Segments

  • Market Cap 75,293 Cr.
  • Current Price 4,814
  • High / Low 4,951 / 2,612
  • Stock P/E 81.8
  • Book Value 308
  • Dividend Yield 0.54 %
  • ROCE 26.7 %
  • ROE 20.0 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 31.8%

Cons

  • Stock is trading at 15.6 times its book value

* 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,317 1,233 1,488 1,523 1,568 1,749 1,756 1,795 1,694 1,829 1,848 1,855 1,849
1,104 1,026 1,223 1,236 1,259 1,427 1,437 1,449 1,379 1,487 1,506 1,527 1,514
Operating Profit 213 207 264 287 308 322 319 345 315 342 342 328 335
OPM % 16% 17% 18% 19% 20% 18% 18% 19% 19% 19% 18% 18% 18%
22 13 16 22 20 31 23 18 33 31 31 26 31
Interest 1 1 1 1 1 1 1 1 1 1 2 1 1
Depreciation 48 48 50 51 50 51 52 53 52 54 56 57 60
Profit before tax 186 171 230 257 277 301 290 310 294 318 316 296 306
Tax % 25% 25% 26% 26% 25% 25% 26% 25% 25% 25% 26% 27% 26%
140 128 171 191 207 226 215 231 219 237 235 217 228
EPS in Rs 8.93 8.20 10.93 12.20 13.25 14.44 13.78 14.78 14.03 15.18 15.03 13.91 14.57
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 TTM
1,411 1,390 1,618 1,711 1,795 3,941 4,562 4,361 3,762 5,561 6,867 7,226 7,382
1,190 1,206 1,375 1,405 1,495 3,257 3,821 3,726 3,225 4,588 5,571 5,899 6,034
Operating Profit 221 184 243 306 299 683 740 635 537 973 1,296 1,327 1,347
OPM % 16% 13% 15% 18% 17% 17% 16% 15% 14% 17% 19% 18% 18%
45 45 40 56 66 55 48 63 60 72 92 120 119
Interest 2 1 2 3 2 11 8 4 6 5 5 5 4
Depreciation 30 43 49 66 64 138 148 159 194 197 206 219 227
Profit before tax 233 185 232 294 299 589 632 534 397 843 1,177 1,224 1,235
Tax % 32% 34% 34% 33% 35% 34% 34% 31% 27% 25% 25% 26%
159 122 153 197 195 388 420 368 291 629 879 909 917
EPS in Rs 19.16 14.66 18.40 23.76 23.47 46.75 26.86 23.52 18.62 40.25 56.25 58.16 58.69
Dividend Payout % 5% 8% 8% 8% 10% 7% 22% 30% 41% 8% 43% 45%
Compounded Sales Growth
10 Years: 18%
5 Years: 10%
3 Years: 24%
TTM: 6%
Compounded Profit Growth
10 Years: 22%
5 Years: 15%
3 Years: 46%
TTM: 5%
Stock Price CAGR
10 Years: 26%
5 Years: 38%
3 Years: 66%
1 Year: 51%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 20%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Equity Capital 17 17 17 17 17 17 31 31 31 31 31 31
Reserves 863 973 1,091 1,273 1,459 2,309 2,675 2,931 3,109 3,622 4,255 4,784
0 0 0 0 0 69 58 0 65 61 57 51
264 344 327 366 379 786 1,004 683 958 1,182 1,383 1,403
Total Liabilities 1,144 1,333 1,434 1,655 1,854 3,180 3,767 3,645 4,163 4,896 5,727 6,269
279 399 370 346 386 744 731 895 1,006 1,070 1,123 1,280
CWIP 114 13 20 52 24 53 162 166 160 89 249 491
Investments 4 4 4 0 0 0 0 0 0 0 0 142
747 917 1,039 1,258 1,443 2,383 2,875 2,584 2,997 3,737 4,355 4,356
Total Assets 1,144 1,333 1,434 1,655 1,854 3,180 3,767 3,645 4,163 4,896 5,727 6,269

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
137 162 117 182 193 401 238 510 649 465 751 900
-172 -52 -195 -222 -139 -270 -184 -366 -432 -342 -535 -611
-21 -10 -13 -17 -22 -88 -52 -171 -122 -127 -257 -386
Net Cash Flow -56 100 -91 -57 32 43 2 -27 95 -4 -41 -97

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Debtor Days 66 76 65 72 66 59 60 53 67 56 55 53
Inventory Days 57 69 70 81 92 92 116 96 112 115 107 107
Days Payable 72 98 79 89 91 91 100 66 120 102 95 86
Cash Conversion Cycle 51 48 56 64 67 60 76 82 59 68 66 74
Working Capital Days 63 52 75 69 63 57 68 66 52 54 55 56
ROCE % 29% 20% 22% 25% 22% 31% 26% 19% 13% 25% 29% 27%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.13% 74.13% 74.13% 74.13% 74.13% 74.13% 74.13% 74.13% 74.13% 74.13% 74.13% 74.13%
4.78% 4.99% 5.16% 5.05% 4.94% 5.74% 4.81% 4.40% 4.04% 4.51% 4.36% 4.38%
15.79% 15.55% 15.19% 15.23% 15.34% 14.19% 15.04% 15.57% 15.87% 15.46% 15.68% 15.93%
0.00% 0.00% 0.00% 0.16% 0.17% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
5.31% 5.33% 5.53% 5.43% 5.42% 5.95% 6.02% 5.90% 5.95% 5.88% 5.83% 5.56%
No. of Shareholders 15,08717,60722,21432,54240,37565,73155,46257,45263,92968,18970,69569,109

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls