SNL Bearings Ltd Stock Analysis

BSE: 505827 | NSE: | Bearings | Small Cap

BSE Share Price 25-Nov-2022 18:01
294.10 -4.40 (-1.47%)

DeciZen - Make an Informed Decision on SNL Bearings

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

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

SNL Bearings Price Chart

P/E Ratio (SA) :
12.61
Market Cap :
106.2 Cr.
52-wk low :
231.1
52-wk high :
327.9
Bole Toh?

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 Semi Strong which suggest that the price of SNL Bearings 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 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 34.1%22.2%28.5%37.1%36%33.3%24.6%11.2%15.3%19.5%-
Value Creation Index 1.40.61.01.71.61.40.8-0.20.10.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 232326.530.133.538.340.634.136.543.546
YoY Gr. Rt. %-0.2%14.9%13.6%11.3%14.4%6.1%-16%6.8%19.3%-
Adj EPS 10.98.51215.918.422.521.411.116.624.123.3
YoY Gr. Rt. %--22.7%41.7%32.7%15.6%22.7%-5.2%-48.1%49.5%45.3%-
BVPS (₹) 17.925.330.240.555.178.394.896.2113.6133.9140
Adj Net Profit 43.14.35.76.68.17.7468.78
Cash Flow from Ops. 2.74.16.16.66.49.72.37.685.9-
Debt/CF from Ops. 1.41.60.70.30.1000.400-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.3%5.4%2.3%19.3%
Adj EPS 9.2%5.6%4.1%45.3%
BVPS 25.119.412.217.8
Share Price 26.4% -0.2% 16.4% 16.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 40.228.338.443.738.133.724.711.615.819.517
Op. Profit Mgn % 29.524.228.631.132.13127.517.123.927.825.2
Net Profit Mgn % 17.213.316.319.119.821.21911.716.42018.2
Debt to Equity 0.40.60.40.10000.1000
Working Cap Days 165225248209173181229302274264271
Cash Conv. Cycle 1151311189410399118160125111230

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.00%

Sales growth has been subdued in last 3 years 2.30%

Net Profit has been subdued in last 3 years 4.06%

Sales growth is not so good in last 4 quarters at -1.93%

Latest Financials - SNL Bearings Ltd.

Standalone Consolidated
TTM EPS (₹) 23.3 -
TTM Sales (₹ Cr.) 46.2 -
BVPS (₹.) 140 -
Reserves (₹ Cr.) 47 -
P/BV 2.10 -
PE 12.61 -
From the Market
52 Week Low / High (₹) 231.10 / 327.90
All Time Low / High (₹) 5.71 / 473.40
Market Cap (₹ Cr.) 106
Equity (₹ Cr.) 3.6
Face Value (₹) 10
Industry PE 52

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 (%)

News

SNL Bearings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SNL Bearings on 25-Nov-2022 18:01 is : 294.1.
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 25-Nov-2022 18:01 the market cap of SNL Bearings stood at ₹ 106.2.
The latest PE ratio of SNL Bearings as of 25-Nov-2022 18:01 is 12.61.
The latest PB ratio of SNL Bearings as of 25-Nov-2022 18:01 is 2.10
The 52-week high of SNL Bearings is ₹ 327.9 and the 52-week low is ₹ 231.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of SNL Bearings is ₹ 46.15 ( 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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