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Mumbai: Sensex 74245 and Nifty 22525 hit new all-time highs as funds continued to gain in large cap stocks. From here, since 70 percent of small cap stocks are overvalued, it is important to select stocks with attractive valuations from the remaining stocks. Small cap stocks may still see an inevitable correction in the coming days. Along with this, since Lok Sabha elections are going to be announced any time, it will be necessary to remain alert in the market. With records being made in the Indian market, there is a possibility of correction in the higher end next week due to which Nifty spot may close below the resistance level of 22722 at 2022 and Sensex may close at 72666 from the resistance level of 73333 at 74866.
Arjun's Eyes: Schaeffler India Limited.
BSE (505790), NSE (Sheffler), Rs. 2 Paid-up, ISO 9001:2015, ISO 45001:2015, ISO 14001:2018, IATF 16949 certified, Schaeffler India Ltd. Leading the field in Motion Technology for over 75 years through its inventions and developments, Germany in 2023 Sales of 16.3 billion euros, more than 1,250 patent applications in 2022 and 83,400 employees Schaeffler Group (Schaeffler Group-Germany) is the 74.13 percent promoter holding company. The Schaeffler Group is a trusted partner for electric mobility with innovative technologies, products and services, CO2-efficient drives, chassis solutions, Industry 4.0, digitalization and renewable energies, making company dynamics more efficient, intelligent and sustainable. In 2001, FAEG became part of the Schaeffler Group and in 2017, FAEG Bearings India was renamed Schaeffler India Limited.
Manufacturing Facilities and Products:
The company has four plant-manufacturing facilities and 11 sales offices in India. The company has a plant in Vadodara for manufacturing Ball Bearings, Cylindrical Roller Bearings and Spherical Roller Bearings and Wheel Bearings under the FAG brand. While the second plant is at Savli, Vadodara for the production of FAG brand next generation deep groove ball bearings and large size roller bearings. While the third state-of-the-art plant is located near Talegaon-Puna, manufacturing engine and transmission components for front accessory drive systems, chain drive systems, valve trains, shift systems and needle roller bearings and elements under the INA brand. The fourth plant is in Hosur, manufacturing clutch systems and dual-mass flywheels for passenger cars, light commercial vehicles, heavy commercial vehicles and tractors under the Luke-Luke brand. The company's brands include Fag, INA and Look. The company has one of the largest aftermarket networks for the industrial and automotive markets.
Hosur Greenfield Projects: The company's Hosur Greenfield Project is under construction, as stated in the recent guidance presented by the MD & CEO of the company. Production is expected to begin in the first quarter of 2025. Compared to last year, this time there has been strong growth in the automotive sector. The company has performed well in both power transmission and engine applications. The company is currently focusing on increasing localization in production to 75 percent. The company expects a strong recovery in several key sectors in 2024. With hopes of recovery in Europe, economies of Indonesia, Vietnam, Thailand are performing well and good growth is expected from these markets.
Acquisition: Schaeffler India has acquired KRSV Innovative Auto Solutions-Coovers, a private company offering spare parts solutions to Indian aftermarket workshops based in Bengaluru, for Rs 142 crore.
Book Value: (as per Rs 2 payment): Rs 274 in December 2022, Rs 331 in December 2023, estimated Rs 406 in December 2024
Dividend: 1200 percent in December 2022, 1300 percent in December 2023
Bonus: 1:2 share bonus in 1995, with bonus equity amounting to 14.47 per cent of the total equity.
Share holding pattern: 74.13 per cent held by Schaeffler Germany, 15.69 per cent held by mutual funds including DSP Mid Cap Fund, UTI Flexi Cap Fund, Axis Mutual Fund, SBI Magnum Fund, Kotak Emerging Scheme, 4.35 per cent held by FIIs, 1.68 per cent shareholding There is a pattern. HNIs and 4.15 per cent are held by individual retail investors.
Financial Results: (Financial Year January to December)
(1) Full Year January 2022 to December 2022: 12.66 per cent Net Profit Margin- NPM Earnings at Rs 6945 crore with Net Profit at Rs 879.21 crore and Earnings per Share- EPS at Rs 56.30.
(2) Full Year January 2023 to December 2023: Revenue increased by 6.19% to Rs 7375.46 crore, Net Profit Margin-NPM increased by 12.25% to Rs 899 crore and Earnings per Share-EPS achieved Rs 57.50.
(3) Expected for full year January 2024 to December 2024: Expected revenue to grow by 11 per cent to Rs 8260 crore, net profit margin-NPM to grow by 14.26 per cent to register net profit of Rs 1178 crore. Earnings-EPS per share are expected to be. Rs 75
Thus (1) The author has no investment in the shares of the above company. Authors may have direct or indirect personal vested interests in research sources. Consult a qualified investment financial advisor before making any investment decisions. The author, Gujarat News or any other person will not be responsible for any possible loss on investment. (2) 74.13 percent MNC company owned by the promoters of Germany's Schaeffler Group. (3) Exports to South East Asian countries like Thailand, Vietnam, Indonesia in the current year. Harsh Kadam, Managing Director and CEO of Schaeffler India, will remain high in 2024 and the EU Markets are expected to improve (4) Schaeffler India acquired BTUB platform Coovers, a private company offering spare parts solutions for Bengaluru-based Indian aftermarket workshops, for Rs 142 crore. 5) Full year January 2024 to December 2024 estimated earnings per share-EPS of Rs 75 and paid-up shares of Rs 2, while the estimated book value is Rs 406, will close at Rs 2856.30 on BSE on Thursday, March 7, 2024. (NSE Rs. 2851.05) is priced at P/E of 38 against industry average P/E of 55. J. Schaeffler India Limited Company's P/E should be 50.
