SNL Bearings Ltd - Stock Valuation and Financial Performance

BSE: 505827 | NSE: | Bearings | Small Cap

SNL Bearings Share Price

290 -4.05 -1.38%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on SNL Bearings

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

SNL Bearings stock performance -

mw4me loader
P/E Ratio (SA):
14.30
Market Cap:
104.1 Cr.
52-wk low:
245.5
52-wk high:
423.6

Is SNL Bearings Ltd an attractive stock to invest in?

1. Is SNL Bearings Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that SNL Bearings Ltd is a good quality company.

2. Is SNL Bearings Ltd undervalued or overvalued?

The key valuation ratios of SNL Bearings Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is SNL Bearings Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of SNL Bearings Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of SNL Bearings:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
SNL Bearings Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 22.2%28.5%37.1%36%33.3%24.6%11.2%15.3%19.5%16.1%-
Value Creation
Index
0.61.01.71.61.40.8-0.20.10.40.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2326.530.133.538.340.634.136.543.547.948
Sales YoY Gr.-14.9%13.6%11.3%14.4%6.1%-16%6.8%19.3%10%-
Adj EPS 8.51215.918.422.521.411.116.624.122.920.2
YoY Gr.-41.7%32.7%15.6%22.7%-5.2%-48.1%49.5%45.3%-5%-
BVPS (₹) 25.330.240.555.178.394.896.2113.6133.9149.7159.1
Adj Net
Profit
3.14.35.76.68.17.7468.78.37
Cash Flow from Ops. 4.16.16.66.49.72.37.685.98.5-
Debt/CF from Ops. 1.60.70.30.1000.4000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.5%4.6%11.9%10%
Adj EPS 11.7%0.3%27.3%-5%
BVPS21.9%13.8%15.9%11.8%
Share Price 32.8% -1.6% 14.4% 17%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
28.338.443.738.133.724.711.615.819.516.113.1
Op. Profit
Mgn %
24.228.631.132.13127.517.123.927.824.220.6
Net Profit
Mgn %
13.316.319.119.821.21911.716.42017.315.3
Debt to
Equity
0.60.40.10000.1000-
Working Cap
Days
225248209173181229302274264269162
Cash Conv.
Cycle
1311189410399118160125111106139

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.93%

Net Profit is growing at healthy rate in last 3 years 27.31%

Return on Equity has declined versus last 3 years average to 13.10%

Sales growth is not so good in last 4 quarters at 1.19%

Latest Financials - SNL Bearings Ltd.

Standalone Consolidated
TTM EPS (₹) 20.2 -
TTM Sales (₹ Cr.) 47.6 -
BVPS (₹.) 159.1 -
Reserves (₹ Cr.) 54 -
P/BV 1.81 -
PE 14.30 -
From the Market
52 Week Low / High (₹) 245.50 / 423.60
All Time Low / High (₹) 5.71 / 473.40
Market Cap (₹ Cr.) 104
Equity (₹ Cr.) 3.6
Face Value (₹) 10
Industry PE 41.9

Management X-Ray of SNL Bearings:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of SNL Bearings

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales23263033384134364448
Operating Expenses 17192123262928283136
Manufacturing Costs5566686689
Material Costs6778101011121216
Employee Cost 5667799889
Other Costs 1122233333
Operating Profit 689111211691211
Operating Profit Margin (%) 24.2%28.6%30.8%31.7%31.0%27.5%17.1%23.9%27.8%24.0%
Other Income 1000011111
Interest 1100000000
Depreciation 0111111112
Exceptional Items 0000000000
Profit Before Tax 579101111681211
Tax 2233331233
Profit After Tax 3567884698
PAT Margin (%) 14.7%17.2%18.9%19.8%21.5%20.0%12.2%17.0%20.3%17.1%
Adjusted EPS (₹)7.76.213.218.322.822.611.517.224.522.7
Dividend Payout Ratio (%)0%0%15%16%22%22%70%26%27%29%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 11111520283435414854
Share Capital 6444444444
Reserves 671116253131374550
Minority Interest0000000000
Debt6411003000
Long Term Debt2110000000
Short Term Debt4201003000
Trade Payables1221321234
Others Liabilities 9139791314151818
Total Liabilities 27302728404953586976

Fixed Assets

Gross Block22232221212327283032
Accumulated Depreciation13141311121314151517
Net Fixed Assets899991113131515
CWIP 0000000101
Investments 0001981081515
Inventories6767613871112
Trade Receivables6567767877
Cash Equivalents 0010103859
Others Assets795481112131717
Total Assets 27302728404953586976

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 46761028868
PBT 579101111681211
Adjustment 1111100100
Changes in Working Capital -10-0-11-631-3-1
Tax Paid -1-2-3-3-3-3-2-2-3-3
Cash Flow From Investing Activity -3-1-1-2-90-50-9-8
Capex -3-1-1-1-1-3-3-2-2-2
Net Investments 000-1-82-12-8-6
Others 0000000000
Cash Flow From Financing Activity -1-5-6-5-1-2-1-3-2-2
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 200-2000000
Interest Paid -1-100000000
Dividend Paid 000-20-2-30-2-2
Others -2-5-6-1-102-300
Net Cash Flow 000-10025-5-2
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)43.5145.4244.4738.3134.1126.0512.0316.3419.7715.98
ROCE (%)35.5344.0754.954.1246.5436.4515.4321.4326.3321.73
Asset Turnover Ratio1.141.011.171.351.140.910.670.660.680.66
PAT to CFO Conversion(x)1.331.21.170.861.250.2521.330.671
Working Capital Days
Receivable Days71686264656168736351
Inventory Days948471646285112737589
Payable Days869810572688150517280

SNL Bearings Ltd Stock News

SNL Bearings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SNL Bearings on 28-Mar-2024 16:01 is ₹290.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of SNL Bearings stood at ₹104.1.
The latest P/E ratio of SNL Bearings as of 28-Mar-2024 16:01 is 14.30.
The latest P/B ratio of SNL Bearings as of 28-Mar-2024 16:01 is 1.81.
The 52-week high of SNL Bearings is ₹423.6 and the 52-week low is ₹245.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SNL Bearings is ₹47.56 ( Cr.) .

About SNL Bearings Ltd

SNL Bearings (SNL), established in 1983, is engaged in the manufacture and marketing of antifriction bearing products. Formerly known as Shriram Needle Bearing Industries, it acquired its present name with effect from December 21, 2004. The holding company NRB Bearings acquired the company on June 01, 2000. The company serves automobile, general engineering, railway, and electrical equipment industries in the United States, Italy, the United Kingdom, Portugal, France, Indonesia, Malaysia, Taiwan, Singapore, Thailand, Vietnam, the Philippines, Kenya, and the United Arab Emirates.

The ISO 9002 certified company operates in the antifriction bearing industry which is segmented into ball bearings and roller bearings, and offers needle rollers, needle cages, needle bushes, and thrust cages, which find application in gear boxes and propeller shafts, connecting rods, steering systems, chassis and suspensions, and industrial machinery. It has successfully developed and introduced cage-guided drawn cup needle bearings, connecting-rod needle cages for piston pin and crank pin along with other types and ranges of needle bearings. Located at Ranchi in Jharkhand, the manufacturing unit has an installed capacity of 12 million needle roller bushes and cages, and 250 needle rollers.

The products of the company are supplied to a customer base comprising of original equipment manufacturers producing motorcycles, scooters, cars and trucks in India, and the company has made successful inroads into the motorcycle, chainsaw, hand tool and other industrial markets worldwide with established customers in USA, Italy, UK, Portugal, France, Indonesia, Malaysia, Taiwan, Singapore, Thailand, Vietnam, Philippines, UAE and Kenya. Some of the domestic customers include Denso India Tractors, Maruti, Mahindra & Mahindra, Mico, Sona Steering, Telco and TAFE in the four-wheeler industry and Bajaj Auto, Kinetic Honda, Kinetic Engineering and LML in the two-wheeler segment.

The registered office is at Dhannur, 15, Sir P.M. Road, Fort, Mumbai-400001.

Business areas of the company:

SNL Bearings operates in the antifriction bearing industry. It offers needle rollers, needle cages, needle bushes, and thrust cages, which are used in gear boxes and propeller shafts, connecting rods, steering systems, chasis and suspension, and industrial machinery.

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