Mehabe score: 6 G Factor: 5 Piotski Score: 9 The stock has a rating . The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 5 and Piotski score of 9.
Description
SNL Bearings is engaged in the business of manufacture and marketing of antifriction bearing products.Site:505827Main Symbol:SNL
Stock trades at 269.0, above its 50dma 257.04. It also trades above its 200dma 208.02. The stock remains bullish on techicals
The 52 week high is at 299.90 and the 52week low is at 103.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is almost debt free.
– is expected to give good quarter
– has been maintaining a healthy dividend payout of 24.80%
Weakness
– The company has delivered a poor sales growth of 3.96% over past five years.
Competition
– The industry trades at a mean P/E of 16.6x. Timken India trades at the industry’s max P/E of 78.03x. 505827 trades at a P/E of 10.9x
– Industry’s mean G-Factor is 3.9 while the mean Piotski score is 9.0. 505827 has a G-Factor of 5 and Piotski scoreof 9.
– Average 1 month return for industry is 2.8%. The max 1- month return was given by Galaxy Bearings: a return of 19.8 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 10.17 cr compared to Rs 2.83 cr for period ended Jun 2020, a rise of 259.4%
Company reported operating profit of Rs 2.77 cr for period ended Jun 2021, operating profit margin at 27.2 %.
Operating profit was negative for the same period last year thus company has improved its margins this year
The EPS for Jun 2021 was Rs 5.59 compared to Rs 6.98 for previous quarter ended Mar 2021 and Rs -1.94 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 43.81 cr for period ended TTM vis-vis sales of Rs 36.47 cr for the period ended Mar 2021, a healthy growth of 16.8%. The 3 year sales cagr stood at 2.5%.
Operating margins expanded to 28.37% for period ended TTM vis-vis 23.86% for period ended Mar 2021, expansion of 451.0 bps.
Net Profit reported at Rs 8.91 cr for period ended TTM vis-vis sales of Rs 6.19 cr for the period ended Mar 2021, rising 30.5%.
Company recorded a Net Profit CAGR of 3.1% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 8.03 cr for period ended Mar 2021 vis-vis Rs 7.62 cr for period ended Mar 2020
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The company has had stable/constant Return on Equity (RoE) metric. The RoE on Last Year basis was 16.0% compared to 17.0% over the last 3 Years. – The stock has given a return of 153% on a 1 Year basis vis-vis a return of -10% over the last 3 Years. – The compounded sales growth on a TTM bassis is 60% vis-vis a compounded sales growth of -2% over the last 3 Years. – The compounded profit growth on a TTM basis is 350% vis-vis a compounded profit growth of -9% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 0.56% vis-vis 0.63% for Mar 2021 – Public shareholding has remained largely constant. The Jun 2021 public holding stood at 25.04% vis-vis 24.97% for Mar 2021
Conclusion
– has reduced debt.
– is almost debt free.
– is expected to give good quarter
– has been maintaining a healthy dividend payout of 24.80% – The company has delivered a poor sales growth of 3.96% over past five years.
