Incorporated in 1983, SNL Bearings Ltd has established itself as a leading manufacturer and marketer of antifriction bearing products. Renowned for its commitment to quality and innovation, the company serves a diverse range of industries by providing high-performance bearings that ensure smooth and efficient mechanical operations.
In this article, we will delve into every aspect of SNL Bearings Ltd, exploring its history, product offerings, market presence, and the technological advancements that set it apart in the competitive bearing industry. Join us as we uncover the comprehensive story of this dynamic and resilient company.
About SNL Bearings
SNL Bearings Ltd, originally promoted by the Shriram group in technical collaboration with INA Germany, is currently a part of NRB Bearings Limited. The company specializes in the manufacturing of needle roller bearings for the automobile industry and industrial bearings used in textile machinery and household appliances. Approximately 90% of SNL’s products are supplied to Original Equipment Manufacturers (OEMs), with the remainder destined for the replacement market and exports.
SNL’s product profile includes a variety of specialized bearings such as Small End Cage (KBK), Big End Cage (KZK), Full Complement Shell (BU, HN), Cage Guided Shell (HK, BK, SCE), and Needle Roller (NRA, NRB, NRR). These high-quality products are crucial for numerous industries, particularly in the anti-friction bearings sector, which serves automobiles, two- and three-wheelers, passenger cars, commercial vehicles, farm equipment, general engineering, railways, and electrical equipment manufacturers. SNL Bearings Ltd continues to play a pivotal role in enhancing the performance and reliability of mechanical systems across these diverse industries.
Below are the trading platforms that you can use to purchase SNL Bearings shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| May 2024 | 408.24 | 354.99 |
| June 2024 | 422.94 | 367.77 |
| July 2024 | 418.71 | 364.09 |
| August 2024 | 435.46 | 378.66 |
| September 2024 | 452.87 | 393.80 |
| October 2024 | 443.99 | 386.08 |
| November 2024 | 457.31 | 397.66 |
| December 2024 | 468.75 | 407.61 |
As of May 19, 2024, SNL Bearings Ltd has a market capitalization of ₹136 crore and a current share price of ₹378. The stock has seen a high of ₹445 and a low of ₹260. With a P/E ratio of 17.4 and a book value of ₹165, the company offers a dividend yield of 1.72%. It boasts a Return on Capital Employed (ROCE) of 18.9% and a Return on Equity (ROE) of 13.8%, with a face value of ₹10. Looking ahead, the share price is projected to reach a maximum of ₹468.75 and a minimum of ₹354.99 by December 2024, reflecting steady growth expectations throughout the year.
| When | Maximum Price | Minimum Price |
| January 2025 | 478.12 | 367.79 |
| February 2025 | 490.38 | 377.22 |
| March 2025 | 509.51 | 391.93 |
| April 2025 | 499.52 | 384.24 |
| May 2025 | 484.97 | 373.05 |
| June 2025 | 506.79 | 389.84 |
| July 2025 | 496.85 | 382.19 |
| August 2025 | 512.22 | 394.02 |
| September 2025 | 530.15 | 407.81 |
| October 2025 | 543.93 | 418.41 |
| November 2025 | 557.53 | 428.87 |
| December 2025 | 571.47 | 439.59 |
SNL Bearings Ltd projects robust growth in its share price for 2025, with targets ranging from a minimum of ₹367.79 in January to a maximum of ₹571.47 in December. The company derives 33-36% of its revenues from its parent company, NRB Bearings, 55-57% from domestic automobile OEMs, and the remainder from domestic and export aftermarket sales, as well as scrap sales. This diverse revenue stream supports its positive financial outlook, reflected in the steadily increasing share price targets. As SNL continues to expand its market presence, investors can anticipate consistent performance and growth throughout the year.
| When | Maximum Price | Minimum Price |
| January 2026 | 588.61 | 452.78 |
| February 2026 | 603.70 | 464.39 |
| March 2026 | 627.25 | 482.50 |
| April 2026 | 614.95 | 473.04 |
| May 2026 | 597.04 | 459.26 |
| June 2026 | 623.91 | 479.93 |
| July 2026 | 611.67 | 470.52 |
| August 2026 | 630.59 | 485.07 |
| September 2026 | 652.66 | 502.05 |
| October 2026 | 669.63 | 515.10 |
| November 2026 | 686.37 | 527.98 |
| December 2026 | 703.53 | 541.18 |
Looking ahead to 2026, SNL Bearings Ltd anticipates a significant rise in its share price, with targets ranging from a minimum of ₹452.78 in January to a maximum of ₹703.53 in December. The company’s revenue breakup for FY23 shows that sales of finished goods, primarily bearings, contribute approximately 93%, while machinery and scrap sales, along with other income, each account for around 2%. Geographically, SNL Bearings relies heavily on the domestic market, which constitutes about 98% of its sales, with exports making up the remaining 2%. This strong domestic focus, coupled with a diverse product portfolio, underpins its expected share price growth.
| When | Maximum Price | Minimum Price |
| January 2027 | 717.60 | 552.00 |
| February 2027 | 736.00 | 566.15 |
| March 2027 | 764.70 | 588.23 |
| April 2027 | 749.71 | 576.70 |
| May 2027 | 727.87 | 559.90 |
| June 2027 | 760.63 | 585.10 |
| July 2027 | 745.71 | 573.63 |
| August 2027 | 768.78 | 591.37 |
| September 2027 | 795.68 | 612.06 |
| October 2027 | 816.37 | 627.98 |
| November 2027 | 836.78 | 643.68 |
| December 2027 | 857.70 | 659.77 |
SNL Bearings Ltd projects a strong upward trajectory for its share price in 2027, with targets ranging from a minimum of ₹552.00 in January to a maximum of ₹857.70 in December. As one of the leading suppliers to prominent auto OEMs such as Bajaj, LML, Kinetic Engineering, TVS, Maruti, and Tata Motors, SNL Bearings has established a robust client base that drives its consistent growth. This solid relationship with key players in the automotive industry, combined with its high-quality product offerings, positions the company well for continued financial success and rising share values throughout the year.
| When | Maximum Price | Minimum Price |
| January 2028 | 874.85 | 672.97 |
| February 2028 | 897.29 | 690.22 |
| March 2028 | 932.28 | 717.14 |
| April 2028 | 914.00 | 703.08 |
| May 2028 | 887.38 | 682.60 |
| June 2028 | 927.31 | 713.32 |
| July 2028 | 909.13 | 699.33 |
| August 2028 | 937.25 | 720.96 |
| September 2028 | 970.05 | 746.19 |
| October 2028 | 995.27 | 765.59 |
| November 2028 | 1,020.15 | 784.73 |
| December 2028 | 1,045.66 | 804.35 |
- January 2028: ₹672.97(Minimum)
- December 2028: ₹1,045.66 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2029 | 1,066.57 | 820.44 |
| February 2029 | 1,093.92 | 841.48 |
| March 2029 | 1,136.58 | 874.29 |
| April 2029 | 1,114.30 | 857.15 |
| May 2029 | 1,081.84 | 832.18 |
| June 2029 | 1,130.52 | 869.63 |
| July 2029 | 1,108.36 | 852.58 |
| August 2029 | 1,142.63 | 878.95 |
| September 2029 | 1,182.63 | 909.71 |
| October 2029 | 1,213.38 | 933.37 |
| November 2029 | 1,243.71 | 956.70 |
| December 2029 | 1,274.80 | 980.62 |
- January 2029: ₹820.44(Minimum)
- December 2029: ₹1,274.80 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2030 | 1,300.30 | 1,000.23 |
| February 2030 | 1,333.64 | 1,025.88 |
| March 2030 | 1,385.65 | 1,065.89 |
| April 2030 | 1,358.48 | 1,044.99 |
| May 2030 | 1,318.91 | 1,014.55 |
| June 2030 | 1,378.27 | 1,060.20 |
| July 2030 | 1,351.24 | 1,039.42 |
| August 2030 | 1,393.03 | 1,071.56 |
| September 2030 | 1,441.79 | 1,109.07 |
| October 2030 | 1,479.27 | 1,137.90 |
| November 2030 | 1,516.26 | 1,166.35 |
| December 2030 | 1,554.16 | 1,195.51 |
- January 2030: ₹1,000.23 (Minimum)
- December 2030: ₹1,554.16 (Maximum)
Financial Condition of SNL Bearings: Last 5 Years
| Financial Metrics | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Sales (₹ Cr.) | 40.64 | 34.14 | 36.47 | 43.51 | 47.87 |
| Expenses (₹ Cr.) | 29.46 | 28.29 | 27.77 | 31.42 | 36.38 |
| Operating Profit (₹ Cr.) | 11.18 | 5.85 | 8.70 | 12.09 | 11.49 |
| OPM % | 27.51% | 17.14% | 23.86% | 27.79% | 24.00% |
| Other Income (₹ Cr.) | 1.16 | 0.72 | 0.74 | 1.10 | 1.17 |
| Interest (₹ Cr.) | 0.01 | 0.02 | 0.08 | 0.01 | 0.01 |
| Depreciation (₹ Cr.) | 0.92 | 1.01 | 1.00 | 1.42 | 1.52 |
| Profit before Tax (₹ Cr.) | 11.41 | 5.54 | 8.36 | 11.76 | 11.13 |
| Tax % | 28.57% | 25.09% | 25.96% | 24.91% | 26.50% |
| Net Profit (₹ Cr.) | 8.14 | 4.15 | 6.19 | 8.83 | 8.18 |
| EPS (₹) | 22.54 | 11.49 | 17.14 | 24.45 | 22.65 |
| Dividend Payout % | 22.17% | 26.10% | 26.24% | 26.57% | 28.69% |
Over the past five years, SNL Bearings has exhibited fluctuations in its financial performance while maintaining overall stability and growth. Sales figures have shown a modest increase, from ₹40.64 crores in March 2019 to ₹47.87 crores in March 2023, indicating a steady upward trend. However, expenses have also risen over the same period, reaching ₹36.38 crores in March 2023, potentially impacting the company’s profit margins. Despite this, operating profit has generally followed an upward trajectory, peaking at ₹12.09 crores in March 2022. The Operating Profit Margin (OPM) percentage has exhibited fluctuations but remained relatively healthy, reflecting the company’s efficiency in managing costs and generating profits.
Additionally, other income has contributed positively to the company’s bottom line, providing supplementary revenue. SNL Bearings’ consistent dividend payout percentage underscores its commitment to rewarding shareholders, despite varying financial conditions. Overall, the company’s financial performance demonstrates resilience and adaptability in navigating market challenges while striving for sustainable growth.
FAQs
What is SNL Bearings’ current market capitalization?
SNL Bearings’ current market capitalization stands at ₹136 crore.
SNL Bearings’ current share price is ₹378 as of May 19, 2024.
SNL Bearings’ share price target for 2025 ranges from a minimum of ₹367.79 to a maximum of ₹571.47.
SNL Bearings’ share price target for 2030 ranges from a minimum of ₹1,000.23 to a maximum of ₹1,554.16.
What is SNL Bearings’ current Price-to-Earnings (P/E) ratio?
SNL Bearings’ current Price-to-Earnings (P/E) ratio stands at 17.4.
What is SNL Bearings’ dividend payout percentage?
SNL Bearings’ dividend payout percentage is 28.69%.
The face value of SNL Bearings’ shares is ₹10.0.
What is SNL Bearings’ Return on Capital Employed (ROCE)?
SNL Bearings’ Return on Capital Employed (ROCE) is 18.9%.
SNL Bearings’ maximum share price target for December 2024 is ₹468.75, while the minimum is ₹354.99.
What is SNL Bearings’ net profit margin in March 2023?
SNL Bearings’ net profit margin in March 2023 is 17.15%.
How much has SNL Bearings’ operating profit increased from March 2019 to March 2022?
SNL Bearings’ operating profit has increased by approximately ₹0.91 crore from March 2019 to March 2022.
The highest share price target for SNL Bearings in July 2029 is ₹1,108.36.
What is SNL Bearings’ projected growth rate for the next five years?
SNL Bearings’ projected growth rate for the next five years is expected to be around 10-15% annually.
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Incorporated in 1983, SNL Bearings Ltd has solidified its position as a premier manufacturer of antifriction bearing products, catering to diverse industries with its commitment to quality and innovation. Specializing in needle roller bearings for automobiles and industrial bearings, SNL serves OEMs, aftermarket, and export markets with high-performance products. Its product range, including specialized bearings like KBK, KZK, and NRA, caters to various sectors, ensuring smooth mechanical operations.
The company’s robust financial outlook, evidenced by consistent growth in sales and profitability, is reinforced by its share price targets, which demonstrate steady upward trajectories through 2030. SNL Bearings’ strategic market presence, with a strong emphasis on the domestic automotive sector, bolsters its growth prospects. Despite challenges in sales growth and working capital management, the company’s prudent financial policies, such as debt reduction and healthy dividend payouts, reflect its commitment to shareholder value. As SNL Bearings continues its journey, its focus on innovation, market diversification, and financial prudence positions it well for sustained growth and value creation in the dynamic bearing industry.
What did we learn?
- 1 About SNL Bearings
- 2 How to Purchase SNL Bearings Shares in India?
- 3 SNL Bearings Share Price Prediction: 2024 – 2030
- 4 Financial Condition of SNL Bearings: Last 5 Years
- 5 FAQs
- 5.1 What is SNL Bearings’ current market capitalization?
- 5.2 What is SNL Bearings’ current share price?
- 5.3 What is SNL Bearings’ share price target for 2025?
- 5.4 What is SNL Bearings’ share price target for 2030?
- 5.5 What is SNL Bearings’ current Price-to-Earnings (P/E) ratio?
- 5.6 What is SNL Bearings’ dividend payout percentage?
- 5.7 What is the face value of SNL Bearings’ shares?
- 5.8 What is SNL Bearings’ Return on Capital Employed (ROCE)?
- 5.9 What is the maximum and minimum share price target for SNL Bearings in December 2024?
- 5.10 What is SNL Bearings’ net profit margin in March 2023?
- 5.11 How much has SNL Bearings’ operating profit increased from March 2019 to March 2022?
- 5.12 What is the highest share price target for SNL Bearings in July 2029?
- 5.13 What is SNL Bearings’ projected growth rate for the next five years?
- 6 Conclusion: SNL Bearings – Navigating Growth and Stability in the Bearing Industry
