SNL Bearings Ltd
SNL

SNL Bearings Ltd (505827)

₹2620.18%

Key Stats

₹260.55
Day's Price Range
₹275
₹182.5
52-Week Price Range
₹324.9
1 Month Return-10.12 %
3 Month Return-12.88 %
1 Year Return40.42 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 58
EPS
Rank 58
BVPS
Rank 65
Dividend Yield
Rank 42
ROE
Rank 10
16.34%
Price To Book Ratio
Rank 49
Debt To Asset
Rank 65

Company Information

Incorporated in 1969 SNL Bearings Ltd. previously known as Shriram Needle Bearing Industries manufactures needle bearings in collaboration with Industriewerk Schaffler INA Ingenieurdienst Germany. Needle bearings are used widely in the automobile and general engineering industries.Stabilisation of production systems debottlenecking in some of the existing product lines and development of new products resulted in a remarkable uptrend in the performance of the company in 199495.According to a BIFR order interest due to financial institutions was converted into equity at par with effect from 1 Apr.93. The company again became a subsidiary of SRF in 199495. Upon further conversion of loan into equity shares by financial institutions the percentage of shareholding of SRF and its subsidiaries fell below 50 and SNBL ceased to be a subsidiary of SRF with effect from May 30 1996. It got delisted from BIFR with effect from June 18 1996 consequent upon the net worth becoming positive and losses being wiped out.SNBL currently exports to customers in USA Europe and SE Asia. The company is planning a major expansioncumdiversification at Noida. The first production line is being commissioned at Noida UP. It has obtained approval for renewal of technical collaboration with Industriewerk Schaeffler INA Ingenieurdienst GmbH Germany upto 31.03.2000.During the year 200001 the company has faced slump in its offtakes from the automotive industry particularly the two wheelercommercial vehicles and tractor segmentswhich experienced a slowdown in demand from the final consumers.Effective 01.06.2000 there was a change in management with the earlier promoters namely SRF LTD and their associate companies having sold their entire shareholding in the company comprising 1653493 shares constituting 45.78 of the companys paid up equity capital to NRB Bearings Ltd. the new promoters of the company. The shareholding of NRB Bearings in the companys paid up equity capital is 63.98 and as such the company is a subsidiary of NRB Bearings Ltd. w.e.f. 01.06.2000.
OrganisationSNL Bearings Ltd
HeadquartersMumbai
IndustryAuto Ancillaries