afs presentation
DESCRIPTION
Skf Bearings,RatiosTRANSCRIPT
Analysis of Financial Statement
Presented by,Jay Lodaya P-19
Rohit Mundhara P-21Saurabh Shinde P-35
Bearing Industry in
India
FAG Bearings India Limited, a member company of FAG
group of Germany - is a leading player in the Indian
Bearing industry.
NRB was established in 1965 as an Indo French Joint Venture with financial and technical
collaboration with Nadella.
NRB Bearings Ltd
Financial Performance
in (cr) SKF Ltd FAG Bgs Ltd NRB Bgs LtdEquity 53.00 17.00 10.00Net worth 347.00 179.00 117.00Enterprise Value 1406.00 669.00 245.00Capital Employed 348.00 190.00 145.00Gross Block 553.00 276.00 178.00Reserves 294.62 162.42 127.47
RevenueIn (cr) SKF Ltd FAG Bearing Ltd NRB Bearings LtdSales 897.00 463.00 246.00Other Income 40.00 8.00 7.00PBIDT 130.00 87.00 55.00PBDT 129.00 86.00 54.00PBIT 104.00 70.00 44.00PBT 103.00 69.00 43.00PAT 64.00 48.00 27.00
ValuationsSKF Ltd FAG Bgs Ltd NRB Bgs Ltd
Book Value (Rs) 65.88 CR 107.73 CR 141.55 CREPS (Rs) 11.66 28.29 33.35Dividend (%) 35.00 35.00 100.00Market Cap (Rs) 1449.00 CR 816.00 CR 473.00 CRP/E (times) 17 16 14
Valuations
Book Value (Cr)
EPS (Rs) Dividend (%)
Market Cap (Cr)
P/E (times)0
200400600800
1000120014001600
SKF LtdFAG Bearings LtdNRB Bearings Ltd
Solvency RatioSKF Ltd FAG Bgs Ltd NRB Bgs Ltd
Current Ratio 1.78 :1 1.66 :1 1.71 :1
Capital StructureSKF Ltd FAG Bgs Ltd NRB Bgs Ltd
Debt –Equity 0.01 :1 0.04 :1 0.28 :1
Management Ratio
SKF Ltd FAG Bgs Ltd NRB Bgs LtdInventory Turnover ratio 6.79 times 7.19 times 5.48 timesDebtors Turnover ratio 10.07 times 8.03 times 5.41 times
Management Ratio
Inventory Turnover Ratio (days)
Debtors Turnover Ratio (days)
01020304050607080
SKF LtdFAG Bearings LtdNRB Bearings Ltd
Profitability Ratio
SKF Ltd FAG Bgs Ltd NRB Bgs Ltd
ROCE 33.93% 42.54% 31.72%
RONW 21.22% 30.23% 25.07%
G.P Ratio 14.49% 18.79% 23.54%
Additional Ratio
SKF Ltd FAG Bgs Ltd NRB Bgs Ltd
Interest Coverage 188.36 times 67.11 times 18.38 times
Dividend Payout ratio 30.03% 12.38% 37.50%
Growth Rate
SALES SKF Ltd FAG Bgs Ltd NRB Bgs Ltd2004 23.33% 20.59% 20.00%2005 32.45% 25.46% 22.33%
M Cap SKF Ltd FAG Bgs Ltd NRB Bgs Ltd2004 39.44% 26.97% 170.95%2005 114.90% 147.68% 40.62%
ReturnsSKF Ltd FAG Bgs Ltd NRB Bgs Ltd
29/12/06 Rs 272.05 Rs 644.10 Rs 501.9029/12/05 Rs 283.34 Rs 386.46 Rs 354.04Return -4.17% 60.56% 29.46%
• Sensex on the day 29/12/06 was 13786.91 • Return of 47.88% from previous year
• Nifty on the day 29/12/06 was 3966.40• Return of 40.56% from previous year
Thank You