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SNL Bearings Ltd. Stock Analysis

Small Cap
Evaluated by 446 users | BSE: 505827 | NSE: |
Bearings
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...

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 4.17%43.65%46.82%34.11%22.24%28.48%37.07%36.04%33.28%24.36%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1317.620.5232326.530.133.538.340.6
Y-o-Y Gr. Rt.-35.6%16.6%12%0.2%14.9%13.6%11.3%14.4%6.1%
Adjusted EPS (Rs.) -0.1310.6612.3110.938.4511.9715.8818.3522.5221.11
Y-o-Y Gr. Rt.-NA15.5%-11.2%-22.7%41.7%32.7%15.6%22.7%-6.3%
Book Value per Share (Rs.) -12.31-1.748.8317.8525.2830.1940.5255.1378.3294.8
Adjusted Net Profit -0.13.94.543.14.35.76.68.17.6
Net Op. Cash Flow (Rs. Cr.) 1.24.43.52.74.16.16.66.49.72.3
Debt to Cash Flow from Ops 3.150.450.331.441.580.680.280.1100.04
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.
SNL Bearings Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 13.5%12%10.6%6.1%
Adjusted EPS NA20.1%10%-6.3%
Book Value per Share 030.332.821
Share Price 14.1% -0.2% -24.4% -40.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -0.8559.5853.7140.2128.338.3643.6538.133.7424.38
Operating Profit Margin (%) 6.4632.0233.5529.4624.1628.5931.0732.0930.9827.51
Net Profit Margin (%) -0.3621.8621.6717.1713.2516.3219.0819.7921.2218.76
Debt to Equity 0.670.270.120.370.580.360.120.0400
Working Capital Days 215163164165225248209173181229
Cash Conversion Cycle 1431001071151311189410399118
Entity Percentage Holding
Promoters 74.39%
Institutions 0.63%
Non-Institutions 24.97%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of SNL Bearings Ltd.'s performance infers:

SNL Bearings Ltd. earnings have grown by 20.1%, whereas share price has depreciated -0.2% 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 SNL Bearings Ltd. share prices over the last 10 years. Here is what we found out:

SNL Bearings Ltd. share price has depreciated 8.5% annually over the past ten years.

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,

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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