Schaeffler India Ltd - Stock Valuation and Financial Performance

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

Schaeffler India Share Price

4,000 -142.50 -3.44%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Schaeffler India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Schaeffler India stock performance -

mw4me loader
P/E Ratio (SA):
68.02
Market Cap:
62,398.8 Cr.
52-wk low:
2,616.1
52-wk high:
4,950

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 Weak which suggest that the price of Schaeffler India 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 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'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23TTM
ROCE % 15.7%19.1%14.2%21.1%17.7%13.6%9.9%18.8%22%20.1%-
Value Creation
Index
0.20.40.10.60.30.0-0.30.71.00.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,6321,7241,7963,9334,5624,3613,7625,5616,8677,2267,382
Sales YoY Gr.-5.7%4.2%119%16%-4.4%-13.7%47.8%23.5%5.2%-
Adj EPS 19.727.323.448.228.824.71940.555.758.458.7
YoY Gr.-38.7%-14.3%106.1%-40.2%-14.3%-22.9%112.9%37.4%4.9%-
BVPS (₹) 133154.9177.5278173.1189.5200.9233.8274.2308.1322.6
Adj Net
Profit
163227194401451386298633870913917
Cash Flow from Ops. 117182193401238510649465751900-
Debt/CF from Ops. 0000.20.200000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 18%9.6%24.3%5.2%
Adj EPS 12.9%15.2%45.3%4.9%
BVPS9.8%12.2%15.3%12.4%
Share Price 22.5% 34.9% 54.2% 29.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23TTM
Return on
Equity %
15.618.914.121.117.913.69.818.721.920.118.6
Op. Profit
Mgn %
15.820.216.717.615.315.114.517.618.918.418.3
Net Profit
Mgn %
1013.210.810.29.98.97.911.412.712.612.4
Debt to
Equity
0000000000-
Working Cap
Days
14514614910113715416913714214799
Cash Conv.
Cycle
3842483352626043445065

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 24.31%

Net Profit is growing at healthy rate in last 3 years 45.29%

Return on Equity has declined versus last 3 years average to 18.60%

Sales growth is not so good in last 4 quarters at 5.60%

Latest Financials - Schaeffler India Ltd.

Standalone Consolidated
TTM EPS (₹) 58.7 57.5
TTM Sales (₹ Cr.) 7,382 7,251
BVPS (₹.) 322.6 321.5
Reserves (₹ Cr.) 5,012 4,994
P/BV 12.37 12.42
PE 68.02 69.41
From the Market
52 Week Low / High (₹) 2616.05 / 4950.00
All Time Low / High (₹) 4.60 / 4950.00
Market Cap (₹ Cr.) 62,399
Equity (₹ Cr.) 31.3
Face Value (₹) 2
Industry PE 57.2

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

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Schaeffler India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Sales1,6321,7241,7963,9334,5624,3613,7625,5616,8677,226
Operating Expenses 1,3901,4191,4993,2543,8653,7263,2254,5885,5725,899
Manufacturing Costs129142168355414397353505611641
Material Costs9979931,0842,3742,8742,7502,3333,4624,2524,479
Employee Cost 138132149299318345354395431458
Other Costs 12615297227259234186225278321
Operating Profit 2423062976796976345379731,2961,327
Operating Profit Margin (%) 14.8%17.7%16.6%17.3%15.3%14.5%14.3%17.5%18.9%18.4%
Other Income 4156686413464607278125
Interest 23211846555
Depreciation 496664138149159194197206219
Exceptional Items 000-5-4300015-5
Profit Before Tax 2322942995896325343978431,1771,224
Tax 7996104200212167106214298315
Profit After Tax 153197195388420368291629879909
PAT Margin (%) 9.4%11.5%10.9%9.9%9.2%8.4%7.7%11.3%12.8%12.6%
Adjusted EPS (₹)18.423.823.546.826.923.518.640.356.358.2
Dividend Payout Ratio (%)8%8%10%7%22%30%41%40%43%45%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 1,1071,2891,4752,3112,7062,9623,1403,6544,2864,815
Share Capital 17171717313131313131
Reserves 1,0911,2731,4592,2942,6752,9313,1093,6224,2554,784
Minority Interest0000000000
Debt000695800000
Long Term Debt00057500000
Short Term Debt000125300000
Trade Payables2162402715947884997699651,1121,051
Others Liabilities 111126105190183160304391513586
Total Liabilities 1,4341,6551,8513,1643,7353,6224,2135,0105,9106,453

Fixed Assets

Gross Block7397854509431,0781,4001,7041,9542,1702,544
Accumulated Depreciation369440641993475056998841,0471,264
Net Fixed Assets3703463867447318951,0061,0701,1231,280
CWIP 2052245316216616089249491
Investments 400000000142
Inventories1912202746019107207141,0861,2431,311
Trade Receivables2903363266407516326928461,0321,049
Cash Equivalents 3294706418948488351,2461,4161,5551,585
Others Assets229231200231333373395502708594
Total Assets 1,4341,6551,8513,1643,7353,6224,2135,0105,9106,453

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Cash Flow From Operating Activity 117182193401238510649465751900
PBT 2322942995896325343978431,1771,224
Adjustment 31101810388116139139133119
Changes in Working Capital -73-9-12-86-25323252-328-246-145
Tax Paid -72-112-112-204-229-163-138-190-314-297
Cash Flow From Investing Activity -195-222-139-305-184-366-432-342-535-611
Capex -40-58-93-134-244-320-238-183-479-519
Net Investments -182-200-138-210-2-103-253-213-168-167
Others 273592396257585411274
Cash Flow From Financing Activity -13-17-22-88-52-171-122-127-257-386
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -1-2-2-10-7-3-50-4-4
Dividend Paid -10-12-17-20-28-94-109-119-250-375
Others -2-3-3-58-17-73-7-8-3-6
Net Cash Flow -91-573282-2795-4-41-97
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Ratios
ROE (%)14.6116.5114.1220.5216.7412.979.5418.5222.1519.98
ROCE (%)22.3524.7821.8331.0324.7918.8213.2124.9629.7826.99
Asset Turnover Ratio1.261.211.111.631.341.20.971.221.271.18
PAT to CFO Conversion(x)0.760.920.991.030.571.392.230.740.850.99
Working Capital Days
Receivable Days61616243555763504952
Inventory Days38404639606769586164
Payable Days84848666888599918988

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 12-Jul-2024 16:01 is ₹4,000.
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 12-Jul-2024 16:01 the market cap of Schaeffler India stood at ₹62,398.8.
The latest P/E ratio of Schaeffler India as of 12-Jul-2024 16:01 is 68.02.
The latest P/B ratio of Schaeffler India as of 12-Jul-2024 16:01 is 12.37.
The 52-week high of Schaeffler India is ₹4,950 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 ₹7,382 ( 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
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.