High-Value High Growth Schaeffler India Ltd | Investing | Finance | Advise | Stocks and Shares | Dividend Stocks

24/02/2018 12:56:56
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Schaeffler India Ltd, earlier known as FAG Bearings India Ltd, founded in 1962, is going to amalgamate its subsidiaries –INA Bearings Pvt Ltd, Luck India Pvt Ltd- with itself under a corporate restructuring plan. Once the restructuring process completed Schaeffler India Ltd would emerge as the second largest rolling bearings company in the world. Its German promoter, Schaeffler Group, is an international company, having a foothold in 170 places that spread over 50 countries, is producing 10,000 different products through its 75 manufacturing facilities. It is sourcing the production technology from its 15 research & development centres. The global heavyweights including Daimler, Chrysler, Volvo, Volkswagen, Wyeth, Otis, and General Dynamics are sourcing the bearings from Schaeffler as Original Equipment. Once the restructuring process completed, most probably in the next 3-4 months, the accounting year of the new amalgamated entity would change to April-March financial year from the current Jan-Dec calendar year.

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The company achieved a higher net profit of Rs 67.40 cr in the fourth quarter ended December 31, 2017, compared to Rs 50.2 cr earned in the corresponding quarter of the previous year. In the period under review, its sales registered a 6.5% growth.

In the full calendar year 2017 that is also its financial year the company recorded Rs 242.2 cr as net profit, which is significantly higher than the Rs 189 cr net profit in the previous year.

The share of Rs 10 earned a net profit of Rs 143 in 2017 while its net worth increased to Rs 1,695 cr in 2017 from Rs 1,475 cr in 2016.

The company paid Rs 17 as dividend per share of Rs 10 for 2017, as against Rs 12 for 2016.

Out of the minuscule equity capital of Rs 16.62 cr, the German parent is controlling 51.33% stake. The share is currently trading at around Rs 5,300-5,400 range even in this depressed market. After completion of the amalgamation, the stock will probably begin an upward journey. It is an attractive stock to buy for the long term for value investors.

BSE Code: 505790

Face Value: Rs 10.00

Market Price: Rs 5,377.90/-  ( 23rd February, 2018)

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