SNL Bearings Ltd

SNL Bearings Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

SNL Bearings Ltd

₹ 395 -0.92%
21 Nov - close price
snlbearings.in BSE: 505827
About

Incorporated in 1983, SNL Bearings Ltd manufactures and markets antifriction bearing products[1]

Key Points

Business Overview:[1][2]
SNL was promoted by Shriram group in technical collaboration with INA Germany. At present, it is a part of NRB Bearings Limited. Company does Needle Roller Bearing manufacturing for automobile industries and also manufactures industrial bearings used in Textile machineries and household appliances. Company's product is supplied ~90% to Original Equipment Manufacturers and remainder for replacement market / exports

Website BSE
  • Market Cap ₹ 143 Cr.
  • Current Price ₹ 395
  • High / Low ₹ 514 / 282
  • Stock P/E 15.5
  • Book Value ₹ 172
  • Dividend Yield 1.77 %
  • ROCE 18.7 %
  • ROE 13.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 29.2%

Cons

  • The company has delivered a poor sales growth of 3.25% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Bearings Industry: Bearings

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
12.43 10.24 10.69 11.30 13.92 11.32 11.33 11.80 13.02 11.41 11.46 12.19 12.71
8.29 7.63 8.11 8.37 10.41 8.56 9.04 9.70 10.15 8.88 8.61 9.06 9.56
Operating Profit 4.14 2.61 2.58 2.93 3.51 2.76 2.29 2.10 2.87 2.53 2.85 3.13 3.15
OPM % 33.31% 25.49% 24.13% 25.93% 25.22% 24.38% 20.21% 17.80% 22.04% 22.17% 24.87% 25.68% 24.78%
0.29 0.26 0.27 0.10 0.46 0.27 0.34 0.51 0.42 0.51 0.52 0.70 0.68
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00
Depreciation 0.35 0.37 0.38 0.38 0.37 0.38 0.39 0.39 0.40 0.40 0.38 0.39 0.38
Profit before tax 4.08 2.50 2.47 2.65 3.60 2.65 2.24 2.22 2.88 2.64 2.99 3.44 3.45
Tax % 25.74% 24.00% 23.89% 26.04% 25.56% 23.77% 31.70% 25.68% 25.35% 26.14% 30.77% 24.71% 25.51%
3.03 1.90 1.88 1.96 2.68 2.02 1.53 1.65 2.15 1.95 2.07 2.59 2.57
EPS in Rs 8.39 5.26 5.21 5.43 7.42 5.59 4.24 4.57 5.95 5.40 5.73 7.17 7.12
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
22.86 23.01 26.46 30.04 33.48 38.31 40.64 34.14 36.47 43.51 47.87 47.69 47.77
16.09 17.44 18.89 20.56 22.73 26.44 29.46 28.29 27.77 31.42 36.38 37.34 36.11
Operating Profit 6.77 5.57 7.57 9.48 10.75 11.87 11.18 5.85 8.70 12.09 11.49 10.35 11.66
OPM % 29.62% 24.21% 28.61% 31.56% 32.11% 30.98% 27.51% 17.14% 23.86% 27.79% 24.00% 21.70% 24.41%
0.07 0.53 0.33 -0.07 0.06 0.30 1.16 0.72 0.74 1.10 1.17 1.96 2.41
Interest 0.36 0.71 0.56 0.33 0.14 0.01 0.01 0.02 0.08 0.01 0.01 0.01 0.00
Depreciation 0.37 0.43 0.60 0.57 0.71 0.79 0.92 1.01 1.00 1.42 1.52 1.57 1.55
Profit before tax 6.11 4.96 6.74 8.51 9.96 11.37 11.41 5.54 8.36 11.76 11.13 10.73 12.52
Tax % 35.19% 31.85% 32.34% 33.25% 33.63% 27.70% 28.57% 25.09% 25.96% 24.91% 26.50% 27.12%
3.96 3.39 4.55 5.68 6.62 8.22 8.14 4.15 6.19 8.83 8.18 7.82 9.18
EPS in Rs 10.96 9.39 12.60 15.73 18.33 22.76 22.54 11.49 17.14 24.45 22.65 21.65 25.42
Dividend Payout % 0.00% 0.00% 0.00% 12.71% 16.36% 21.96% 22.17% 26.10% 26.24% 26.57% 28.69% 32.31%
Compounded Sales Growth
10 Years: 8%
5 Years: 3%
3 Years: 9%
TTM: 1%
Compounded Profit Growth
10 Years: 9%
5 Years: 0%
3 Years: 9%
TTM: 25%
Stock Price CAGR
10 Years: 11%
5 Years: 15%
3 Years: 17%
1 Year: 21%
Return on Equity
10 Years: 21%
5 Years: 15%
3 Years: 16%
Last Year: 14%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3.61 3.61 3.61 3.61 3.61 3.61 3.61 3.61 3.61 3.61 3.61 3.61 3.61
Reserves 2.83 5.52 7.29 11.02 16.30 24.68 30.63 31.13 37.40 44.71 50.43 55.91 58.59
7.85 8.48 4.60 2.07 0.70 0.00 0.09 3.00 0.08 0.16 0.13 0.10 0.08
3.60 3.83 6.86 5.95 4.77 5.67 5.15 4.02 5.78 6.37 8.17 6.90 8.40
Total Liabilities 17.89 21.44 22.36 22.65 25.38 33.96 39.48 41.76 46.87 54.85 62.34 66.52 70.68
5.12 8.32 8.97 8.85 9.36 8.91 10.76 13.37 13.02 14.80 14.79 15.30 14.63
CWIP 0.00 0.00 0.28 0.03 0.08 0.25 0.22 0.00 1.27 0.21 1.24 0.11 0.08
Investments 0.00 0.00 0.00 0.00 1.07 8.72 8.08 9.85 8.03 14.52 15.25 14.22 26.39
12.77 13.12 13.11 13.77 14.87 16.08 20.42 18.54 24.55 25.32 31.06 36.89 29.58
Total Assets 17.89 21.44 22.36 22.65 25.38 33.96 39.48 41.76 46.87 54.85 62.34 66.52 70.68

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2.66 4.11 6.08 6.57 6.43 9.73 2.28 7.62 7.99 5.91 10.06 8.21
-2.37 -3.33 -0.70 -0.58 -2.25 -9.04 -0.10 -4.56 -0.06 -9.27 -9.92 -5.64
-0.32 -0.75 -5.14 -5.65 -4.83 -0.71 -2.10 -0.58 -3.09 -1.56 -2.39 -2.39
Net Cash Flow -0.03 0.03 0.23 0.35 -0.65 -0.01 0.08 2.48 4.84 -4.92 -2.25 0.18

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 68.18 91.21 70.63 78.49 74.68 68.88 56.22 69.60 81.77 57.30 49.64 48.75
Inventory Days 402.86 348.19 369.21 286.12 327.90 215.33 463.30 278.95 206.55 340.69 282.80 237.58
Days Payable 91.69 78.64 110.97 98.95 48.09 96.02 64.69 38.17 68.22 79.54 96.21 55.30
Cash Conversion Cycle 379.34 360.76 328.86 265.66 354.50 188.20 454.83 310.39 220.10 318.44 236.22 231.03
Working Capital Days 139.87 151.65 87.18 93.56 118.94 96.32 143.43 134.28 110.59 119.54 99.12 98.43
ROCE % 52.54% 35.55% 44.10% 55.34% 54.78% 46.54% 35.32% 14.93% 20.68% 26.28% 21.70% 18.68%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.39% 74.39% 74.39% 74.39% 74.39% 74.39% 74.39% 74.39% 74.39% 74.39% 74.39% 74.39%
25.60% 25.60% 25.60% 25.60% 25.61% 25.60% 25.60% 25.60% 25.60% 25.61% 25.60% 25.60%
No. of Shareholders 5,2215,6245,5715,5475,5215,5645,4755,9355,2315,1745,5685,747

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