Past 10 year's financial track record analysis by Moneyworks4me indicates that SNL Bearings Ltd is a good quality company.
The key valuation ratios of SNL Bearings Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of SNL Bearings 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.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 44.1% | 54.9% | 54.1% | 46.5% | 36.5% | 15.4% | 21.4% | 26.3% | 21.7% | 18.9% | - |
| Value Creation Index ⓘ | 2.2 | 2.9 | 2.9 | 2.3 | 1.6 | 0.1 | 0.5 | 0.9 | 0.6 | 0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 26.5 | 30.1 | 33.5 | 38.3 | 40.6 | 34.1 | 36.5 | 43.5 | 47.9 | 47.7 | 48 |
| Sales YoY Gr. | - | 13.6% | 11.3% | 14.4% | 6.1% | -16% | 6.8% | 19.3% | 10% | -0.4% | - |
| Adj EPS ⓘ | 12 | 15.9 | 18.4 | 22.5 | 21.4 | 11.1 | 16.6 | 24.1 | 22.9 | 21.6 | 25.4 |
| YoY Gr. | - | 32.7% | 15.6% | 22.7% | -5.2% | -48.1% | 49.5% | 45.3% | -5% | -5.6% | - |
| BVPS (₹) ⓘ | 30.2 | 40.5 | 55.1 | 78.3 | 94.8 | 96.2 | 113.6 | 133.9 | 149.7 | 164.9 | 172.2 |
| Adj Net Profit ⓘ | 4.3 | 5.7 | 6.6 | 8.1 | 7.7 | 4 | 6 | 8.7 | 8.3 | 7.8 | 9 |
| Cash Flow from Ops. ⓘ | 6.1 | 6.6 | 6.4 | 9.7 | 2.3 | 7.6 | 8 | 5.9 | 10.1 | 8.2 | - |
| Debt/CF from Ops. ⓘ | 0.7 | 0.3 | 0.1 | 0 | 0 | 0.4 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 6.8% | 3.3% | 9.4% | -0.4% | ||||
| Adj EPS ⓘ | 6.8% | 0.2% | 9.2% | -5.6% | ||||
| BVPSⓘ | 20.8% | 11.7% | 13.2% | 10.1% | ||||
| Share Price | 11.5% | 15.5% | 17.1% | 22.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 38.4 | 43.7 | 38.1 | 33.7 | 24.7 | 11.6 | 15.8 | 19.5 | 16.1 | 13.7 | 15.1 |
| Op. Profit Mgn % ⓘ | 28.6 | 31.1 | 32.1 | 31 | 27.5 | 17.1 | 23.9 | 27.8 | 24.2 | 21.9 | 24.4 |
| Net Profit Mgn % ⓘ | 16.3 | 19.1 | 19.8 | 21.2 | 19 | 11.7 | 16.4 | 20 | 17.3 | 16.3 | 19.2 |
| Debt to Equity ⓘ | 0.4 | 0.1 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 248 | 209 | 173 | 181 | 229 | 302 | 274 | 264 | 269 | 247 | 192 |
| Cash Conv. Cycle ⓘ | 118 | 94 | 103 | 99 | 118 | 160 | 125 | 111 | 106 | 105 | 170 |
No data to display
Return on Equity has declined versus last 3 years average to 15.10%
Sales growth has been subdued in last 3 years 9.35%
Net Profit has been subdued in last 3 years 9.23%
Sales growth is not so good in last 4 quarters at 0.72%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 25.4 | - |
| TTM Sales (₹ Cr.) | 47.8 | - |
| BVPS (₹.) ⓘ | 172.2 | - |
| Reserves (₹ Cr.) ⓘ | 59 | - |
| P/BV ⓘ | 2.29 | - |
| PE ⓘ | 15.54 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 281.50 / 514.40 |
| All Time Low / High (₹) | 5.71 / 514.40 |
| Market Cap (₹ Cr.) | 143 |
| Equity (₹ Cr.) | 3.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 46.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 26 | 30 | 33 | 38 | 41 | 34 | 36 | 44 | 48 | 48 |
| Operating Expenses ⓘ | 19 | 21 | 23 | 26 | 29 | 28 | 28 | 31 | 36 | 37 |
| Manufacturing Costs | 5 | 6 | 6 | 6 | 8 | 6 | 6 | 8 | 9 | 9 |
| Material Costs | 7 | 7 | 8 | 10 | 10 | 11 | 12 | 12 | 16 | 17 |
| Employee Cost | 6 | 6 | 7 | 7 | 9 | 9 | 8 | 8 | 9 | 9 |
| Other Costs ⓘ | 1 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 |
| Operating Profit ⓘ | 8 | 9 | 11 | 12 | 11 | 6 | 9 | 12 | 11 | 10 |
| Operating Profit Margin (%) | 28.6% | 30.8% | 31.7% | 31.0% | 27.5% | 17.1% | 23.9% | 27.8% | 24.0% | 21.7% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 |
| Interest ⓘ | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 7 | 9 | 10 | 11 | 11 | 6 | 8 | 12 | 11 | 11 |
| Tax ⓘ | 2 | 3 | 3 | 3 | 3 | 1 | 2 | 3 | 3 | 3 |
| Profit After Tax | 5 | 6 | 7 | 8 | 8 | 4 | 6 | 9 | 8 | 8 |
| PAT Margin (%) | 17.2% | 18.9% | 19.8% | 21.5% | 20.0% | 12.2% | 17.0% | 20.3% | 17.1% | 16.4% |
| Adjusted EPS (₹) | 6.2 | 13.2 | 18.3 | 22.8 | 22.6 | 11.5 | 17.2 | 24.5 | 22.7 | 21.7 |
| Dividend Payout Ratio (%) | 0% | 15% | 16% | 22% | 22% | 70% | 26% | 27% | 29% | 32% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 11 | 15 | 20 | 28 | 34 | 35 | 41 | 48 | 54 | 60 |
| Share Capital ⓘ | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves ⓘ | 7 | 11 | 16 | 25 | 31 | 31 | 37 | 45 | 50 | 56 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 4 | 1 | 1 | 0 | 0 | 3 | 0 | 0 | 0 | 0 |
| Long Term Debt | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 2 | 0 | 1 | 0 | 0 | 3 | 0 | 0 | 0 | 0 |
| Trade Payables | 2 | 2 | 1 | 3 | 2 | 1 | 2 | 3 | 4 | 3 |
| Others Liabilities ⓘ | 13 | 9 | 7 | 9 | 13 | 14 | 15 | 18 | 18 | 13 |
| Total Liabilities ⓘ | 30 | 27 | 28 | 40 | 49 | 53 | 58 | 69 | 76 | 75 |
Fixed Assets | ||||||||||
| Gross Block | 23 | 22 | 21 | 21 | 23 | 27 | 28 | 30 | 32 | 34 |
| Accumulated Depreciation | 14 | 13 | 11 | 12 | 13 | 14 | 15 | 15 | 17 | 18 |
| Net Fixed Assetsⓘ | 9 | 9 | 9 | 9 | 11 | 13 | 13 | 15 | 15 | 15 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 |
| Investmentsⓘ | 0 | 0 | 1 | 9 | 8 | 10 | 8 | 15 | 15 | 14 |
| Inventories | 7 | 6 | 7 | 6 | 13 | 8 | 7 | 11 | 12 | 11 |
| Trade Receivables | 5 | 6 | 7 | 7 | 6 | 7 | 8 | 7 | 7 | 6 |
| Cash Equivalents | 0 | 1 | 0 | 1 | 0 | 3 | 8 | 5 | 9 | 17 |
| Others Assetsⓘ | 9 | 5 | 4 | 8 | 11 | 12 | 13 | 17 | 17 | 11 |
| Total Assets ⓘ | 30 | 27 | 28 | 40 | 49 | 53 | 58 | 69 | 76 | 75 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 6 | 7 | 6 | 10 | 2 | 8 | 8 | 6 | 10 | 8 |
| PBT ⓘ | 7 | 9 | 10 | 11 | 11 | 6 | 8 | 12 | 11 | 11 |
| Adjustment ⓘ | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
| Changes in Working Capital ⓘ | 0 | -0 | -1 | 1 | -6 | 3 | 1 | -3 | 1 | -0 |
| Tax Paid ⓘ | -2 | -3 | -3 | -3 | -3 | -2 | -2 | -3 | -3 | -2 |
| Cash Flow From Investing Activity ⓘ | -1 | -1 | -2 | -9 | 0 | -5 | 0 | -9 | -10 | -6 |
| Capex | -1 | -1 | -1 | -1 | -3 | -3 | -2 | -2 | -2 | -1 |
| Net Investments | 0 | 0 | -1 | -8 | 2 | -1 | 2 | -8 | -8 | -5 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -5 | -6 | -5 | -1 | -2 | -1 | -3 | -2 | -2 | -2 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | -2 | 0 | -2 | -3 | 0 | -2 | -2 | -2 |
| Others ⓘ | -5 | -6 | -1 | -1 | 0 | 2 | -3 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 0 | -1 | 0 | 0 | 2 | 5 | -5 | -2 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 45.42 | 44.47 | 38.31 | 34.11 | 26.05 | 12.03 | 16.34 | 19.77 | 15.98 | 13.77 |
| ROCE (%) | 44.07 | 54.9 | 54.12 | 46.54 | 36.45 | 15.43 | 21.43 | 26.33 | 21.73 | 18.9 |
| Asset Turnover Ratio | 1.01 | 1.17 | 1.35 | 1.14 | 0.91 | 0.67 | 0.66 | 0.68 | 0.66 | 0.63 |
| PAT to CFO Conversion(x) | 1.2 | 1.17 | 0.86 | 1.25 | 0.25 | 2 | 1.33 | 0.67 | 1.25 | 1 | Working Capital Days |
| Receivable Days | 68 | 62 | 64 | 65 | 61 | 68 | 73 | 63 | 51 | 49 |
| Inventory Days | 84 | 71 | 64 | 62 | 85 | 112 | 73 | 75 | 89 | 88 |
| Payable Days | 98 | 105 | 72 | 68 | 81 | 50 | 51 | 72 | 79 | 73 |
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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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.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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