Schaeffler India Ltd - Stock Valuation and Financial Performance

BSE: 505790 | NSE: SCHAEFFLER | Bearings | Mid Cap

Schaeffler India Share Price

2,812.30 -48.40 -1.69%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Schaeffler India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Schaeffler India stock performance -

mw4me loader
P/E Ratio (SA):
49.19
Market Cap:
44,713.8 Cr.
52-wk low:
2,616.1
52-wk high:
3,719.2

Is Schaeffler India Ltd an attractive stock to invest in?

1. Is Schaeffler India Ltd a good quality company?

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

2. Is Schaeffler India Ltd undervalued or overvalued?

The key valuation ratios of Schaeffler India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Schaeffler India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Schaeffler India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Schaeffler India:

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.
Schaeffler India 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

Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22TTM
ROCE % 12.3%15.7%19.1%14.2%21.1%17.7%13.6%9.9%18.8%22%-
Value Creation
Index
-0.10.20.40.10.60.30.0-0.30.71.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,4021,6321,7241,7963,9334,5624,3613,7625,5616,8677,226
Sales YoY Gr.-16.4%5.7%4.2%119%16%-4.4%-13.7%47.8%23.5%-
Adj EPS 13.819.727.323.448.228.824.71940.555.758.2
YoY Gr.-43.1%38.7%-14.3%106.1%-40.2%-14.3%-22.9%112.9%37.3%-
BVPS (₹) 118.8133154.9177.5278173.1189.5200.9233.8274.2308.1
Adj Net
Profit
114163227194401451386298633870909
Cash Flow from Ops. 162117182193401238510649465751-
Debt/CF from Ops. 00000.20.20000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 19.3%11.8%16.4%23.5%
Adj EPS 16.8%2.9%31.1%37.3%
BVPS9.7%-0.3%13.1%17.3%
Share Price 22.2% 21.3% 38% -0.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22TTM
Return on
Equity %
12.215.618.914.121.117.913.69.818.721.920
Op. Profit
Mgn %
13.215.820.216.717.615.315.114.517.618.918.4
Net Profit
Mgn %
8.21013.210.810.29.98.97.911.412.712.6
Debt to
Equity
00000000000
Working Cap
Days
14814514614910113715416913714299
Cash Conv.
Cycle
4238424833526260434465

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 20.00%

Sales growth is growing at healthy rate in last 3 years 16.35%

Net Profit is growing at healthy rate in last 3 years 31.11%

Sales growth is not so good in last 4 quarters at 5.31%

Latest Financials - Schaeffler India Ltd.

Standalone Consolidated
TTM EPS (₹) 58.2 -
TTM Sales (₹ Cr.) 7,226 -
BVPS (₹.) 308.1 -
Reserves (₹ Cr.) 4,784 -
P/BV 9.29 -
PE 49.19 -
From the Market
52 Week Low / High (₹) 2616.05 / 3719.20
All Time Low / High (₹) 4.60 / 3968.75
Market Cap (₹ Cr.) 44,714
Equity (₹ Cr.) 31.3
Face Value (₹) 2
Industry PE 42.2

Management X-Ray of Schaeffler India:

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 Schaeffler India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22
Sales1,4021,6321,7241,7963,9334,5624,3613,7625,5616,867
Operating Expenses 1,2181,3901,4191,4993,2543,8653,7263,2254,5885,572
Manufacturing Costs109129142168355414397353505611
Material Costs8989979931,0842,3742,8742,7502,3333,4624,252
Employee Cost 119138132149299318345354395431
Other Costs 9212615297227259234186225278
Operating Profit 1842423062976796976345379731,296
Operating Profit Margin (%) 13.1%14.8%17.7%16.6%17.3%15.3%14.5%14.3%17.5%18.9%
Other Income 464156686413464607278
Interest 12321184655
Depreciation 43496664138149159194197206
Exceptional Items 0000-5-4300015
Profit Before Tax 1852322942995896325343978431,177
Tax 647996104200212167106214298
Profit After Tax 122153197195388420368291629879
PAT Margin (%) 8.7%9.4%11.5%10.9%9.9%9.2%8.4%7.7%11.3%12.8%
Adjusted EPS (₹)14.718.423.823.546.826.923.518.640.356.3
Dividend Payout Ratio (%)8%8%8%10%7%22%30%41%40%43%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22

Equity and Liabilities

Shareholders Fund 9901,1071,2891,4752,3112,7062,9623,1403,6544,286
Share Capital 17171717173131313131
Reserves 9731,0911,2731,4592,2942,6752,9313,1093,6224,255
Minority Interest0000000000
Debt000069580000
Long Term Debt00005750000
Short Term Debt000012530000
Trade Payables2402162402715947884997699651,112
Others Liabilities 103111126105190183160304391513
Total Liabilities 1,3331,4341,6551,8513,1643,7353,6224,2135,0105,910

Fixed Assets

Gross Block7427397854509431,0781,4001,7041,9542,170
Accumulated Depreciation343369440641993475056998841,047
Net Fixed Assets3993703463867447318951,0061,0701,123
CWIP 132052245316216616089249
Investments 4400000000
Inventories1711912202746019107207141,0861,243
Trade Receivables2912903363266407516326928461,032
Cash Equivalents 2383294706418948488351,2461,4161,555
Others Assets218229231200231333373395502708
Total Assets 1,3331,4341,6551,8513,1643,7353,6224,2135,0105,910

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22
Cash Flow From Operating Activity 162117182193401238510649465751
PBT 1852322942995896325343978431,177
Adjustment 1931101810388116139139133
Changes in Working Capital 8-73-9-12-86-25323252-328-246
Tax Paid -49-72-112-112-204-229-163-138-190-314
Cash Flow From Investing Activity -52-195-222-139-305-184-366-432-342-535
Capex -67-40-58-93-134-244-320-238-183-479
Net Investments 57-182-200-138-210-2-103-253-213-168
Others -422735923962575854112
Cash Flow From Financing Activity -10-13-17-22-88-52-171-122-127-257
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -1-1-2-2-10-7-3-500
Dividend Paid -8-10-12-17-20-28-94-109-119-250
Others -1-2-3-3-58-17-73-7-8-6
Net Cash Flow 100-91-573282-2795-4-41
PARTICULARSDec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22
Ratios
ROE (%)13.0714.6116.5114.1220.5216.7412.979.5418.5222.15
ROCE (%)20.0122.3524.7821.8331.0324.7918.8213.2124.9629.78
Asset Turnover Ratio1.231.261.211.111.631.341.20.971.221.27
PAT to CFO Conversion(x)1.330.760.920.991.030.571.392.230.740.85
Working Capital Days
Receivable Days65616162435557635049
Inventory Days38384046396067695861
Payable Days85848486668885999189

Schaeffler India Ltd Stock News

Schaeffler India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Schaeffler India on 28-Mar-2024 16:01 is ₹2,812.3.
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 Schaeffler India stood at ₹44,713.8.
The latest P/E ratio of Schaeffler India as of 28-Mar-2024 16:01 is 49.19.
The latest P/B ratio of Schaeffler India as of 28-Mar-2024 16:01 is 9.29.
The 52-week high of Schaeffler India is ₹3,719.2 and the 52-week low is ₹2,616.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Schaeffler India is ₹7,226 ( Cr.) .

About Schaeffler India Ltd

Schaeffler India encompasses the Indian operations of Schaeffler Group. The post-merger combined entity offers a vast and diversified mix of products to its automotive and industrial customers. Schaeffler India manufactures these products across its four state-of-the-art facilities in India. The Company also has two dedicated R&D facilities in India that roll out innovative products for the Indian market. Through its thriving after-market network, the Company serves its customers across both the automotive and industrial segments. The company also provides best-in-class training services to important groups such as garages and fleet workshops under the automotive aftermarket and industrial distribution segments. The Company enjoys a prominent position in all its business segments. It has a balanced revenue mix between its automotive and industrial businesses.

Established in 1946, Schaeffler Group is a global automotive and industrial supplier. It manufactures high-precision components and systems for engine, transmission and chassis applications in the automotive segment. The Group also produces rolling and plain bearing solutions for a variety of industrial applications.

The Group owns majority stake in Schaeffler India. With effect from 2018, INA Bearings India Private Limited and LuK India Private Limited merged with Schaeffler India Limited (erstwhile FAG Bearings India Limited). The objective of the merger was to consolidate the Group’s India businesses and optimise the potential of the merged entity. Schaeffler AG, the Group’s flagship company, is a publicly listed stock corporation incorporated under the German law, with its registered office in Herzogenaurach.

Business area of the company

Schaeffler is actively engaged in innovating and shaping the global pace of change. With innovative technologies, products, and services for CO2-efficient drives, electric mobility, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable.

Products & solutions

Automotive OEM:

  • Chassis components and systems
  • Clutches and transmission systems
  • Engine components and precision products
  • Drives for hybrid and Electric Vehicles (EVs)

Industrial:

  • Rolling and plain bearings
  • Linear guidance system
  • Maintenance products
  • Maintenance services
  • Mechatronics
  • Digital services

Automotive Aftermarket Replacement parts for:

  • Transmission
  • Engine components
  • Chassis components
  • Intelligent solutions for Repair and service points via platforms such as REPXPERT

Awards

  • 2017: Aisin: Quality Achivement Performe Certificate
  • 2017: Honda: Quality and Delivery Award
  • 2017: Inova - LUK Desempenho Empresarial 2017
  • 2018: Bosch - Certificate of Recognition
  • 2018: Clarus Technology: Destaque Sustentavel
  • 2018: CNH: Suppliers Excellence Awards
  • 2018: Inova - LUK Desempenho Empresarial 2018
  • 2018: Inova - LUK Embreagem 2018
  • 2018: NEI Magazine - NEI Top Five
  • 2018: Quality Achivement Performe Certificate
  • 2018: Sindirepa - FAG Best of the year
  • 2018: Sindirepa - INA Best of the year
  • 2018: Sindirepa - LUK Best of the year
  • 2019: GM: Supllier Quality Excellence Award
  • 2019: Makita: Performance Certificate
  • 2019: Bosch - Supplier Quality Excellence Award
  • 2019: Sindirepa - FAG Best of the year
  • 2019: Sindirepa - INA Best of the year
  • 2019: Sindirepa - LUK Best of the year
  • 2019: VW: Supllier Quality Excellence Award
  • 2020: Sindirepa: FAG Best of the Year 2020
  • 2020: Sindirepa: INA Best of the Year 2020
  • 2020: Sindirepa: LUK Best of the Year 2020

Milestones

  • 1962: Incorporation of Company
  • 1969: FAG Germany acquired shares from Norma Hoffman
  • 1975: Expansion: Railway Bearing plant was commissioned
  • 1986: Name of the company changed to FAG Bearings India Limited
  • 1992: Brand Name changed from NORMA to FAG
  • 1997: JV between LuK and Rane for clutch systems in India
  • 1997: Commissioned export oriented unit for Cylindrical Roller Bearings
  • 1999: Commissioned India's first Wheel Bearing Plant at Vadodara
  • 1999: Production of clutches for Tractors at LuK, Hosur
  • 2001: INA plant set up at Pirangut, Pune
  • 2001: FAG becomes part of Schaeffler Group
  • 2001: Acquisition of Rane LuK to become LuK India
  • 2007: Production of HLA/RFF started at INA, Talegaon
  • 2007: New INA plant inaugurated at Talegaon, Pune. Introduced E1 Spherical Roller Bearings
  • 2011: Commissioned 3rd Generation Wheel Bearing plant at Vadodara
  • 2012: FAG Savli plant inaugurated with advanced Gen C production
  • 2012: LuK : 2nd Plant extension
  • 2012: Production of Hydraulic CRS at LuK, Hosur
  • 2013: Production of OAP started at INA, Talegaon
  • 2015: Schaeffler India - Schaeffler Technology Center
  • 2017: FAG Bearings India Ltd renamed as Schaeffler India Ltd
  • 2017: Announcement of merger
  • 2017: Production of Heavy clutches (Dia 395 and 430) at LuK, Hosur
  • 2018: Closure of merger to form one strong Schaeffler entity in india
  • 2019: Established corporate HQ in Pune
  • 2020: Schaeffler steps up its involvement in Rear Wheel Steering
  • 2020: Schaeffler India signs MoU with Tata Institute of Social Sciences to impart skills training to youth for employability
  • 2020: Schaeffler India’s Automotive Aftermarket division launches wide range of automotive lubricant under the Schaeffler TruPower brand
  • 2020: Schaeffler India launches ‘OPTIME’ making condition monitoring cost-effective for all plant assets
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