Past 10 year's financial track record analysis by Moneyworks4me indicates that Schaeffler India Ltd is a good quality company.
The key valuation ratios of Schaeffler India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 22.4% | 24.8% | 21.8% | 31% | 24.8% | 18.8% | 13.2% | 25% | 29.8% | 27% | - |
| Value Creation Index ⓘ | 0.7 | 0.8 | 0.6 | 1.3 | 0.8 | 0.4 | 0.0 | 1.2 | 1.7 | 1.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,632 | 1,724 | 1,796 | 3,933 | 4,562 | 4,361 | 3,762 | 5,561 | 6,867 | 7,226 | 7,849 |
| Sales YoY Gr. | - | 5.7% | 4.2% | 119% | 16% | -4.4% | -13.7% | 47.8% | 23.5% | 5.2% | - |
| Adj EPS ⓘ | 19.7 | 27.3 | 23.4 | 48.2 | 28.8 | 24.7 | 19 | 40.5 | 55.7 | 58.4 | 60.5 |
| YoY Gr. | - | 38.7% | -14.3% | 106.1% | -40.2% | -14.3% | -22.9% | 112.9% | 37.4% | 4.9% | - |
| BVPS (₹) ⓘ | 133 | 154.9 | 177.5 | 278 | 173.1 | 189.5 | 200.9 | 233.8 | 274.2 | 308.1 | 328.8 |
| Adj Net Profit ⓘ | 163 | 227 | 194 | 401 | 451 | 386 | 298 | 633 | 870 | 913 | 946 |
| Cash Flow from Ops. ⓘ | 117 | 182 | 193 | 401 | 238 | 510 | 649 | 465 | 751 | 900 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | 0 | 0.2 | 0.2 | 0 | 0 | 0 | 0 | 0 | - |
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% | ||||
| BVPSⓘ | 9.8% | 12.2% | 15.3% | 12.4% | ||||
| Share Price | 19.1% | 31.9% | 30.2% | 24.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 15.6 | 18.9 | 14.1 | 21.1 | 17.9 | 13.6 | 9.8 | 18.7 | 21.9 | 20.1 | 19 |
| Op. Profit Mgn % ⓘ | 15.8 | 20.2 | 16.7 | 17.6 | 15.3 | 15.1 | 14.5 | 17.6 | 18.9 | 18.4 | 18.1 |
| Net Profit Mgn % ⓘ | 10 | 13.2 | 10.8 | 10.2 | 9.9 | 8.9 | 7.9 | 11.4 | 12.7 | 12.6 | 12.1 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 145 | 146 | 149 | 101 | 137 | 154 | 169 | 137 | 142 | 147 | 95 |
| Cash Conv. Cycle ⓘ | 38 | 42 | 48 | 33 | 52 | 62 | 60 | 43 | 44 | 50 | 60 |
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 19.00%
Sales growth is not so good in last 4 quarters at 9.50%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 60.5 | 58.3 |
| TTM Sales (₹ Cr.) | 7,849 | 7,971 |
| BVPS (₹.) ⓘ | 328.8 | 326.5 |
| Reserves (₹ Cr.) ⓘ | 5,108 | 5,071 |
| P/BV ⓘ | 10.37 | 10.45 |
| PE ⓘ | 56.36 | 58.50 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 2699.55 / 4950.00 |
| All Time Low / High (₹) | 4.60 / 4950.00 |
| Market Cap (₹ Cr.) | 53,305 |
| Equity (₹ Cr.) | 31.3 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 46.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,632 | 1,724 | 1,796 | 3,933 | 4,562 | 4,361 | 3,762 | 5,561 | 6,867 | 7,226 |
| Operating Expenses ⓘ | 1,390 | 1,419 | 1,499 | 3,254 | 3,865 | 3,726 | 3,225 | 4,588 | 5,572 | 5,899 |
| Manufacturing Costs | 129 | 142 | 168 | 355 | 414 | 397 | 353 | 505 | 611 | 641 |
| Material Costs | 997 | 993 | 1,084 | 2,374 | 2,874 | 2,750 | 2,333 | 3,462 | 4,252 | 4,479 |
| Employee Cost | 138 | 132 | 149 | 299 | 318 | 345 | 354 | 395 | 431 | 458 |
| Other Costs ⓘ | 126 | 152 | 97 | 227 | 259 | 234 | 186 | 225 | 278 | 321 |
| Operating Profit ⓘ | 242 | 306 | 297 | 679 | 697 | 634 | 537 | 973 | 1,296 | 1,327 |
| 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 ⓘ | 41 | 56 | 68 | 64 | 134 | 64 | 60 | 72 | 78 | 125 |
| Interest ⓘ | 2 | 3 | 2 | 11 | 8 | 4 | 6 | 5 | 5 | 5 |
| Depreciation ⓘ | 49 | 66 | 64 | 138 | 149 | 159 | 194 | 197 | 206 | 219 |
| Exceptional Items ⓘ | 0 | 0 | 0 | -5 | -43 | 0 | 0 | 0 | 15 | -5 |
| Profit Before Tax ⓘ | 232 | 294 | 299 | 589 | 632 | 534 | 397 | 843 | 1,177 | 1,224 |
| Tax ⓘ | 79 | 96 | 104 | 200 | 212 | 167 | 106 | 214 | 298 | 315 |
| Profit After Tax | 153 | 197 | 195 | 388 | 420 | 368 | 291 | 629 | 879 | 909 |
| PAT Margin (%) | 9.4% | 11.5% | 10.9% | 9.9% | 9.2% | 8.4% | 7.7% | 11.3% | 12.8% | 12.6% |
| Adjusted EPS (₹) | 18.4 | 23.8 | 23.5 | 46.8 | 26.9 | 23.5 | 18.6 | 40.3 | 56.3 | 58.2 |
| Dividend Payout Ratio (%) | 8% | 8% | 10% | 7% | 22% | 30% | 41% | 40% | 43% | 45% |
| PARTICULARS | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1,107 | 1,289 | 1,475 | 2,311 | 2,706 | 2,962 | 3,140 | 3,654 | 4,286 | 4,815 |
| Share Capital ⓘ | 17 | 17 | 17 | 17 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves ⓘ | 1,091 | 1,273 | 1,459 | 2,294 | 2,675 | 2,931 | 3,109 | 3,622 | 4,255 | 4,784 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 69 | 58 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 57 | 5 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 12 | 53 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 216 | 240 | 271 | 594 | 788 | 499 | 769 | 965 | 1,112 | 1,051 |
| Others Liabilities ⓘ | 111 | 126 | 105 | 190 | 183 | 160 | 304 | 391 | 513 | 586 |
| Total Liabilities ⓘ | 1,434 | 1,655 | 1,851 | 3,164 | 3,735 | 3,622 | 4,213 | 5,010 | 5,910 | 6,453 |
Fixed Assets | ||||||||||
| Gross Block | 739 | 785 | 450 | 943 | 1,078 | 1,400 | 1,704 | 1,954 | 2,170 | 2,544 |
| Accumulated Depreciation | 369 | 440 | 64 | 199 | 347 | 505 | 699 | 884 | 1,047 | 1,264 |
| Net Fixed Assetsⓘ | 370 | 346 | 386 | 744 | 731 | 895 | 1,006 | 1,070 | 1,123 | 1,280 |
| CWIP ⓘ | 20 | 52 | 24 | 53 | 162 | 166 | 160 | 89 | 249 | 491 |
| Investmentsⓘ | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 142 |
| Inventories | 191 | 220 | 274 | 601 | 910 | 720 | 714 | 1,086 | 1,243 | 1,311 |
| Trade Receivables | 290 | 336 | 326 | 640 | 751 | 632 | 692 | 846 | 1,032 | 1,049 |
| Cash Equivalents | 329 | 470 | 641 | 894 | 848 | 835 | 1,246 | 1,416 | 1,555 | 1,585 |
| Others Assetsⓘ | 229 | 231 | 200 | 231 | 333 | 373 | 395 | 502 | 708 | 594 |
| Total Assets ⓘ | 1,434 | 1,655 | 1,851 | 3,164 | 3,735 | 3,622 | 4,213 | 5,010 | 5,910 | 6,453 |
| PARTICULARS | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 117 | 182 | 193 | 401 | 238 | 510 | 649 | 465 | 751 | 900 |
| PBT ⓘ | 232 | 294 | 299 | 589 | 632 | 534 | 397 | 843 | 1,177 | 1,224 |
| Adjustment ⓘ | 31 | 10 | 18 | 103 | 88 | 116 | 139 | 139 | 133 | 119 |
| Changes in Working Capital ⓘ | -73 | -9 | -12 | -86 | -253 | 23 | 252 | -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 ⓘ | 27 | 35 | 92 | 39 | 62 | 57 | 58 | 54 | 112 | 74 |
| Cash Flow From Financing Activityⓘ | -13 | -17 | -22 | -88 | -52 | -171 | -122 | -127 | -257 | -386 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -1 | -2 | -2 | -10 | -7 | -3 | -5 | 0 | -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 | -57 | 32 | 8 | 2 | -27 | 95 | -4 | -41 | -97 |
| PARTICULARS | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 14.61 | 16.51 | 14.12 | 20.52 | 16.74 | 12.97 | 9.54 | 18.52 | 22.15 | 19.98 |
| ROCE (%) | 22.35 | 24.78 | 21.83 | 31.03 | 24.79 | 18.82 | 13.21 | 24.96 | 29.78 | 26.99 |
| Asset Turnover Ratio | 1.26 | 1.21 | 1.11 | 1.63 | 1.34 | 1.2 | 0.97 | 1.22 | 1.27 | 1.18 |
| PAT to CFO Conversion(x) | 0.76 | 0.92 | 0.99 | 1.03 | 0.57 | 1.39 | 2.23 | 0.74 | 0.85 | 0.99 | Working Capital Days |
| Receivable Days | 61 | 61 | 62 | 43 | 55 | 57 | 63 | 50 | 49 | 52 |
| Inventory Days | 38 | 40 | 46 | 39 | 60 | 67 | 69 | 58 | 61 | 64 |
| Payable Days | 84 | 84 | 86 | 66 | 88 | 85 | 99 | 91 | 89 | 88 |
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:
Industrial:
Automotive Aftermarket Replacement parts for:
Awards
Milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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