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Schaeffler India Ltd. Stock Analysis

Mid Cap
Evaluated by 2076 users | BSE: 505790 | NSE: SCHAEFFLER |
Bearings
FAG Bearings India incorporated in 1962 as Precision Bearings. It is a member company of FAG group of Germany - is a leading player in the Indian Bearing industry. The company manufactures a very wide range of bearings conforming to the stringent international quality standards.FAG India's...
1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

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'10Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19
Return on Capital Employed 25.08%27.15%18.66%12.32%15.69%19.08%14.17%21.12%17.67%13.59%
Value Creation Index 0.310.310.24-0.180.050.27-0.060.410.18-0.09
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,0401,3091,4471,4021,6321,7241,7963,9334,5624,361
Y-o-Y Gr. Rt.-25.8%10.6%-3.1%16.4%5.7%4.2%119%16%-4.4%
Adjusted EPS (Rs.) 77.75105.7589.668.7798.34136.46116.94241.03144.11123.43
Y-o-Y Gr. Rt.-36%-15.3%-23.3%43%38.8%-14.3%106.1%-40.2%-14.4%
Book Value per Share (Rs.) 343.7437.95527.92594.17665.17774.56887.581,390.2865.68947.59
Adjusted Net Profit 129176149114163227194401451386
Net Op. Cash Flow (Rs. Cr.) 13282.6137162117182193401238510
Debt to Cash Flow from Ops 00000000.170.240
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Schaeffler India Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 17.3%21.7%34.4%-4.4%
Adjusted EPS 5.3%4.7%1.8%-14.4%
Book Value per Share 11.97.32.29.5
Share Price 12.6% -1.8% -9.7% -13.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Dec'10Dec'11Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19
Return on Equity (%) 24.9626.9618.512.2315.5918.9214.0621.0817.9113.61
Operating Profit Margin (%) 18.1519.4515.2713.1515.7720.1616.6717.6215.2915.14
Net Profit Margin (%) 12.4213.4310.298.1510.0113.1510.8210.189.888.85
Debt to Equity 00000000.030.020
Working Capital Days 103113126148145146149101139156
Cash Conversion Cycle 12193642384248335463
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 74.13%
Institutions 19.53%
Non-Institutions 6.34%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Schaeffler India Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Schaeffler India Ltd. is a good quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Schaeffler India Ltd.'s performance infers:

Schaeffler India Ltd. earnings have grown by 4.7%, whereas share price has depreciated -1.8% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Schaeffler India Ltd. share prices over the last 10 years. Here is what we found out:

Schaeffler India Ltd. share price has depreciated 15.1% annually over the past ten years.

FAG Bearings India incorporated in 1962 as Precision Bearings. It is a member company of FAG group of Germany - is a leading player in the Indian Bearing industry. The company manufactures a very wide range of bearings conforming to the stringent international quality standards.

FAG India's manufacturing plants, located at Vadodara, Read More

FAG Bearings India incorporated in 1962 as Precision Bearings. It is a member company of FAG group of Germany - is a leading player in the Indian Bearing industry. The company manufactures a very wide range of bearings conforming to the stringent international quality standards.

FAG India's manufacturing plants, located at Vadodara, Gujarat, feature the most advanced manufacturing technology. The company is certified to ISO/TS 16949, ISO 9001, and ISO 14001 standards.

FAG India is a leading OEM supplier to the automotive industry, mechanical and electrical engineering industry, besides the Railways.

In 1997, FAG Bearing India set up the country's first 100% EOU for bearings. Bearings produced at the EOU plant have gained ready acceptance and recognition of customers located in Europe, USA, Asia and Africa.

FAG's joint venture company - FAG Roller Bearings- produces taper roller bearings at Chakan near Pune. Company has clients namely Ashok Leyland, Autolec, ABB, HMT, Crompton, Polar, Greaves Cotton, SAIL, BHEL, NTPC, Punjab Tractors, Siemens, Hero Honda, General Motors, Mahindra & Mahindra, Hyundai India, Eicher Tractors, Lucas TV  and many more.

Products

  • Deep Groove Ball Bearings
  • Four Point Ball Bearings
  • Self Aligning Ball Bearing
  • Cylindrical Roller Bearing
  • Spherical Roller Bearing
  • Tapered Roller Bearing

Milestones

  • 1962- The company was incorporated as Precision Bearings India.
  • 1986- The name of the company was changed to FAG Precision Bearings.
  • 1993- It became the first Indian Bearing Company to achieve ISO 9001 certification.
  • 1997- The company commenced EOU Project for Cylindrical roller bearings.
  • 1998- It became first Indian Bearing Company to achieve QS 9000 certification.
  • 1999-The name of the company was again changed to FAG Bearings India. The company achieved ISO 14001 certification.
  • 2000- It set up India's first production facilities to produce hub bearings.
  • 2001- Company formed a Joint Venture company FAG Roller Bearings- a private limited company to manufacture taper roller bearings.
  • 2011 -FAG India receives Best Supplier Award from Rane NSK Steering Systems Ltd.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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