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Schaeffler India

BSE:505790
Snowflake Description

Excellent balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
505790
BSE
₹169B
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Schaeffler India Limited manufactures and sells ball and roller bearings, and related components worldwide. The last earnings update was 36 days ago. More info.


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505790 Share Price and Events
7 Day Returns
-1.2%
BSE:505790
-1.7%
IN Machinery
0.4%
IN Market
1 Year Returns
3.2%
BSE:505790
-12.9%
IN Machinery
2%
IN Market
505790 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Schaeffler India (505790) -1.2% 2.7% -3.9% 3.2% 41.2% 193.7%
IN Machinery -1.7% 10.6% -3.2% -12.9% 24.1% 135.2%
IN Market 0.4% 9.1% 1.8% 2% 43.6% 80.4%
1 Year Return vs Industry and Market
  • 505790 outperformed the Machinery industry which returned -12.9% over the past year.
  • 505790 outperformed the Market in India which returned 2% over the past year.
Price Volatility
505790
Industry
5yr Volatility vs Market

505790 Value

 Is Schaeffler India undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Schaeffler India to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Schaeffler India.

BSE:505790 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 16.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:505790
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.058 (1 + (1- 35%) (0.34%))
1.04
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.04 * 8.6%)
16.5%

Discounted Cash Flow Calculation for BSE:505790 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Schaeffler India is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:505790 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.5%)
2019 2,834.00 Analyst x3 2,432.70
2020 3,671.60 Analyst x5 2,705.42
2021 3,764.00 Analyst x1 2,380.77
2022 3,914.78 Est @ 4.01% 2,125.52
2023 4,113.23 Est @ 5.07% 1,917.04
2024 4,352.34 Est @ 5.81% 1,741.25
2025 4,628.04 Est @ 6.33% 1,589.37
2026 4,938.07 Est @ 6.7% 1,455.71
2027 5,281.48 Est @ 6.95% 1,336.48
2028 5,658.21 Est @ 7.13% 1,229.07
Present value of next 10 years cash flows ₹18,913.33
BSE:505790 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹5,658.21 × (1 + 7.55%) ÷ (16.5% – 7.55%)
₹68,025.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹68,025.00 ÷ (1 + 16.5%)10
₹14,776.25
BSE:505790 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹18,913.33 + ₹14,776.25
₹33,689.58
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹33,689.58 / 31.26
₹1077.7
BSE:505790 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹1,077.70
Current discount Discount to share price of ₹5,404.65
= -1 x (₹5,404.65 - ₹1,077.70) / ₹1,077.70
-401.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Schaeffler India is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Schaeffler India's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Schaeffler India's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:505790 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹134.30
BSE:505790 Share Price ** BSE (2019-03-20) in INR ₹5404.65
India Machinery Industry PE Ratio Median Figure of 141 Publicly-Listed Machinery Companies 18.64x
India Market PE Ratio Median Figure of 2,730 Publicly-Listed Companies 16.4x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Schaeffler India.

BSE:505790 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:505790 Share Price ÷ EPS (both in INR)

= 5404.65 ÷ 134.30

40.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Schaeffler India is overvalued based on earnings compared to the IN Machinery industry average.
  • Schaeffler India is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Schaeffler India's expected growth come at a high price?
Raw Data
BSE:505790 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 40.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
18.3%per year
India Machinery Industry PEG Ratio Median Figure of 28 Publicly-Listed Machinery Companies 1.53x
India Market PEG Ratio Median Figure of 596 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

BSE:505790 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 40.24x ÷ 18.3%

2.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Schaeffler India is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Schaeffler India's assets?
Raw Data
BSE:505790 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹866.26
BSE:505790 Share Price * BSE (2019-03-20) in INR ₹5404.65
India Machinery Industry PB Ratio Median Figure of 169 Publicly-Listed Machinery Companies 1.63x
India Market PB Ratio Median Figure of 3,617 Publicly-Listed Companies 1.12x
BSE:505790 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:505790 Share Price ÷ Book Value per Share (both in INR)

= 5404.65 ÷ 866.26

6.24x

* Primary Listing of Schaeffler India.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Schaeffler India is overvalued based on assets compared to the IN Machinery industry average.
X
Value checks
We assess Schaeffler India's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Schaeffler India has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

505790 Future Performance

 How is Schaeffler India expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Schaeffler India expected to grow at an attractive rate?
  • Schaeffler India's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Schaeffler India's earnings growth is positive but not above the India market average.
  • Schaeffler India's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:505790 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:505790 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 18.3%
BSE:505790 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 13.2%
India Machinery Industry Earnings Growth Rate Market Cap Weighted Average 14.1%
India Machinery Industry Revenue Growth Rate Market Cap Weighted Average 12.6%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:505790 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:505790 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 69,450 7,590 1
2020-12-31 58,635 6,134 6,336 5
2019-12-31 52,007 5,683 5,365 5
BSE:505790 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 45,615 4,198
2018-09-30 23,828 2,662
2018-06-30 20,344 2,539
2018-03-31 19,787 2,466
2017-12-31 19,187 2,408 2,380
2017-09-30 18,902 2,243
2017-06-30 18,707 2,182
2017-03-31 18,595 2,105
2016-12-31 17,963 1,928 1,951
2016-09-30 17,884 1,943
2016-06-30 17,498 1,945
2016-03-31 17,294 1,985

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Schaeffler India's earnings are expected to grow by 18.3% yearly, however this is not considered high growth (20% yearly).
  • Schaeffler India's revenue is expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:505790 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Schaeffler India Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:505790 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 242.80 242.80 242.80 1.00
2020-12-31 202.70 225.00 184.30 5.00
2019-12-31 171.60 183.40 156.70 5.00
BSE:505790 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 134.30
2018-09-30 160.15
2018-06-30 152.77
2018-03-31 148.34
2017-12-31 143.24
2017-09-30 134.96
2017-06-30 131.29
2017-03-31 126.69
2016-12-31 117.38
2016-09-30 116.94
2016-06-30 117.06
2016-03-31 119.47

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Schaeffler India is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Schaeffler India's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Schaeffler India has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

505790 Past Performance

  How has Schaeffler India performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Schaeffler India's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Schaeffler India's year on year earnings growth rate has been positive over the past 5 years.
  • Schaeffler India's 1-year earnings growth exceeds its 5-year average (76.4% vs 17.5%)
  • Schaeffler India's earnings growth has exceeded the IN Machinery industry average in the past year (76.4% vs 36.7%).
Earnings and Revenue History
Schaeffler India's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Schaeffler India Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:505790 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 45,615.10 4,198.00 3,178.60
2018-09-30 23,828.10 2,662.40 1,666.40
2018-06-30 20,343.70 2,538.50 1,553.80
2018-03-31 19,786.70 2,465.70 1,546.70
2017-12-31 19,187.20 2,380.20 1,530.90
2017-09-30 18,902.10 2,242.60 1,639.90
2017-06-30 18,707.00 2,181.60 1,604.30
2017-03-31 18,595.00 2,105.20 1,570.80
2016-12-31 17,963.20 1,950.60 1,492.30
2016-09-30 17,884.20 1,943.30 1,594.20
2016-06-30 17,498.20 1,945.10 1,563.50
2016-03-31 17,293.90 1,985.30 1,518.80
2015-12-31 17,208.40 1,974.80 1,351.50
2015-09-30 17,049.90 1,811.90 2,731.90
2015-06-30 16,768.60 1,681.00 1,535.80
2015-03-31 16,365.10 1,596.00 2,719.90
2014-12-31 16,281.70 1,528.80 1,579.40
2014-09-30 16,216.10 1,478.70 2,790.70
2014-06-30 15,828.00 1,462.50 2,785.50
2014-03-31 14,956.20 1,310.60 2,765.40
2013-12-31 13,999.40 1,218.30 2,414.10
2013-09-30 13,717.40 1,166.10 2,629.50
2013-06-30 13,516.60 1,176.60 2,593.50
2013-03-31 14,202.10 1,383.20 2,554.60
2012-12-31 14,438.20 1,591.80 2,525.10
2012-09-30 14,452.00 1,724.50 2,427.70
2012-06-30 14,226.00 1,809.20 2,402.00
2012-03-31 13,604.70 1,794.00 2,383.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Schaeffler India has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Schaeffler India used its assets more efficiently than the IN Machinery industry average last year based on Return on Assets.
  • Schaeffler India's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Schaeffler India's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Schaeffler India has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

505790 Health

 How is Schaeffler India's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Schaeffler India's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Schaeffler India is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Schaeffler India's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Schaeffler India's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 46.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Schaeffler India Company Filings, last reported 2 months ago.

BSE:505790 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 27,061.30 577.40 8,822.30
2018-09-30 17,867.50 0.00 9,235.70
2018-06-30 17,867.50 0.00 9,235.70
2018-03-31 16,953.20 0.00 8,300.90
2017-12-31 16,953.20 0.00 8,300.90
2017-09-30 15,670.20 0.00 7,419.30
2017-06-30 15,670.20 0.00 7,419.30
2017-03-31 14,525.20 0.00 6,405.50
2016-12-31 14,751.60 0.00 6,400.60
2016-09-30 13,765.90 0.00 5,291.60
2016-06-30 13,765.90 0.00 5,291.60
2016-03-31 12,892.40 0.00 4,704.10
2015-12-31 12,892.40 0.00 4,704.10
2015-09-30
2015-06-30
2015-03-31 11,074.90 0.00 3,294.50
2014-12-31 11,074.90 0.00 3,294.50
2014-09-30 10,649.70 0.00 2,687.50
2014-06-30 10,649.70 0.00 2,687.50
2014-03-31 9,895.50 0.00 2,376.60
2013-12-31 9,895.50 0.00 2,376.60
2013-09-30 9,304.40 0.00 2,277.60
2013-06-30 9,304.40 0.00 2,277.60
2013-03-31 8,795.00 0.00 1,948.20
2012-12-31 8,795.00 0.00 1,948.20
2012-09-30 8,032.50 0.00 1,846.20
2012-06-30 8,032.50 0.00 1,846.20
2012-03-31 7,300.40 0.00 2,334.20
  • Schaeffler India's level of debt (2.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 2.1% today).
  • Debt is well covered by operating cash flow (417%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 84x coverage).
X
Financial health checks
We assess Schaeffler India's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Schaeffler India has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

505790 Dividends

 What is Schaeffler India's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.37%
Current annual income from Schaeffler India dividends. Estimated to be 0.39% next year.
If you bought ₹2,000 of Schaeffler India shares you are expected to receive ₹7 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Schaeffler India's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Schaeffler India's dividend is below the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:505790 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
India Machinery Industry Average Dividend Yield Market Cap Weighted Average of 99 Stocks 1.3%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:505790 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 22.60 3.00
2019-12-31 19.63 3.00
BSE:505790 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-02-13 20.000 0.371
2018-02-07 17.000 0.317
2017-02-14 12.000 0.252
2016-02-12 10.000 0.249
2015-05-25 7.500 0.181
2014-03-26 6.000 0.202
2014-02-11 6.000 0.351
2013-05-23 5.000 0.362
2012-05-21 5.000 0.322
2011-02-17 5.000 0.429
2010-03-02 4.500 0.647
2010-02-11 4.500 0.835
2009-05-25 4.500 0.930
2009-03-23 4.000 1.353

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Schaeffler India's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (6.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (10.7x coverage).
X
Income/ dividend checks
We assess Schaeffler India's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Schaeffler India afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Schaeffler India has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

505790 Management

 What is the CEO of Schaeffler India's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dharmesh Arora
COMPENSATION ₹13,194,800
AGE 51
TENURE AS CEO 2 years
CEO Bio

Mr. Dharmesh Arora has been Managing Director and Executive Director at Fag Bearings India Limited since March 6, 2017 and serves as its Chief Executive Officer. Mr. Arora served as a Director at Fag Bearings India Limited from February 11, 2014 to February 11, 2015. He is CEO of Schaeffler India Ltd, subsidiary in the Schaeffler Group. He joined Schaeffler in 2012 and has made a significant contribution to strengthening Schaeffler's position in India.

CEO Compensation
  • Insufficient data for Dharmesh to compare compensation growth.
  • Dharmesh's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure of the Schaeffler India management team in years:

2
Average Tenure
  • The tenure for the Schaeffler India management team is about average.
Management Team

Dharmesh Arora

TITLE
MD, CEO & Executive Director
COMPENSATION
₹13M
AGE
51
TENURE
2 yrs

Satish Patel

TITLE
CFO, Director of Finance & Additional Whole-time Director

Hardevi Vazirani

TITLE
Vice President of Accounting

Harish Shah

TITLE
Head of Technology

Chirag Shukla

TITLE
Company Secretary & Compliance Officer
TENURE
1.1 yrs

Seshan Iyer

TITLE
Head of MRO
TENURE
7.8 yrs

Prateek Kumar

TITLE
Head of Corporate Quality

Devkumar Davesar

TITLE
Vice President of Sector Management
Board of Directors Tenure

Average tenure and age of the Schaeffler India board of directors in years:

4.1
Average Tenure
59
Average Age
  • The tenure for the Schaeffler India board of directors is about average.
Board of Directors

Avinash Gandhi

TITLE
Non-Executive Chairman
COMPENSATION
₹2M
AGE
80

Dharmesh Arora

TITLE
MD, CEO & Executive Director
COMPENSATION
₹13M
AGE
51
TENURE
2 yrs

Satish Patel

TITLE
CFO, Director of Finance & Additional Whole-time Director
TENURE
0.1 yrs

Sanak Mishra

TITLE
Non-Executive & Independent Director
COMPENSATION
₹1M
AGE
73
TENURE
4.3 yrs

Renu Challu

TITLE
Non-Executive & Independent Director
COMPENSATION
₹1M
AGE
66
TENURE
4.3 yrs

Sampath Raman

TITLE
Non-Independent & Non-Executive Director
COMPENSATION
₹1,000K
AGE
59
TENURE
7.9 yrs

Rakesh Jinsi

TITLE
Non-Executive & Independent Director
COMPENSATION
₹1M
AGE
63
TENURE
4.1 yrs

Klaus Rosenfeld

TITLE
Non-Independent & Non-Executive Director
AGE
52
TENURE
4.1 yrs

Marcus Eisenhuth

TITLE
Non-Executive & Non-Independent Director
AGE
54
TENURE
1.6 yrs

Jürgen Ziegler

TITLE
Non-Executive & Non Independent Director
AGE
59
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Schaeffler India's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Schaeffler India has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

505790 News

Simply Wall St News

Should You Sell Schaeffler India Limited (BOM:505790) At This PE Ratio?

and want to better understand how you can grow your money by investing in Schaeffler India Limited (BOM:505790). … Schaeffler India Limited (BOM:505790) is trading with a trailing P/E of 37x, which is higher than the industry average of 26.7x. … While 505790 might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions.

Simply Wall St -

505790 Company Info

Description

Schaeffler India Limited manufactures and sells ball and roller bearings, and related components worldwide. It offers ball, cylindrical, spherical, and tapered roller bearings, as well as wheel bearings. The company primarily serves construction machinery, electrical engineering, fluid technology, conveying equipment, industrial gears, mining and cement, power generation, agricultural engineering, steel plants, motorcycles, textile machinery, machine tools, wind power, pulp and paper, and other industries. The company was formerly known as FAG Bearings India Limited and changed its name to Schaeffler India Limited in July 2017. Schaeffler India Limited was founded in 1962 and is headquartered in Vadodara, India. Schaeffler India Limited is a subsidiary of FAG Kugelfischer GmbH.

Details
Name: Schaeffler India Limited
505790
Exchange: BSE
Founded: 1962
₹168,953,326,013
31,260,734
Website: http://www.schaeffler.co.in
Address: Schaeffler India Limited
PO Maneja,
Vadodara,
Gujarat, 390013,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 505790 Equity Shares Mumbai Stock Exchange IN INR 05. Jul 1994
NSEI SCHAEFFLER Equity Shares National Stock Exchange of India IN INR 05. Jul 1994
Number of employees
Current staff
Staff numbers
3,000
Schaeffler India employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 12:35
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/02/19
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.