Under 100 Words: A Compact Summary
On Feb 16, 2024, Schaeffler India proposed a Rs 26/share interim dividend; Q4 2023 saw a 3.4% revenue increase. Shares surged 88% in 2 years, 205% in 3 years. Q4 Profit Before Tax (PBT) decreased 2.9%, but annual PBT grew 5.7%, with a net profit margin of 12.6%. Schaeffler India yielded a 191% return in 5 years. Managing Director Mr. Harsha Kadam emphasized a resilient business portfolio and domestic strength. Schaeffler India operates with four plants and 11 sales offices, featuring well-known brands – FAG, INA, and LuK (Auto Component Stock in the Green).
- On February 16, 2024, the small-cap company Schaeffler India proposed an interim dividend of Rs 26 per share, accompanied by a payout ratio of 45%.
- The latest trading value of Schaeffler India shares on the BSE stands at Rs 3062.25 each, registering a 1.03% intraday gain. Additionally, Schaeffler India announced its Q4 results on the same date (Auto Component Stock in the Green).
- In the fourth quarter of the calendar year 2023 (Q4 CY2023), the Revenue from operations (net) amounted to INR 18,551 million, marking a 3.4% increase compared to the corresponding quarter in 2022 and a 0.4% rise from the preceding quarter (Q3 CY2023).
- Over the last two years, Schaeffler India’s shares surged by 88%, and they recorded an impressive gain of 205% over the past three years (Auto Component Stock in the Green).
- Schaeffler India proposes an interim dividend, as indicated in the company’s BSE filing dated February 16, 2024 (Auto Component Stock in the Green). The recommendation suggests a dividend of Rs. 26/- per Equity Share with a face value of Rs. 2/- each.
- Subject to approval by shareholders at the upcoming Annual General Meeting (AGM) for the year ending December 31, 2023, the dividend will be disbursed within 30 days from the AGM date.
- Schaeffler India’s Q4 results reveal that the company’s Profit Before Tax (PBT) before exceptional items amounted to INR 3,005 million, reflecting a 2.9% decrease compared to the corresponding quarter of 2022.
- The PBT margin for the quarter stood at 16.2%, down from 17.2% in the corresponding quarter of 2022 (Auto Component Stock in the Green). The net profit for the quarter was INR 2,174 million, with a net profit margin of 11.7%, showing a decline from 12.9% in the corresponding quarter of 2022.
- The net revenue from operations for the year totaled INR 72,261 million, representing a 5.2% increase compared to the corresponding period in 2022 (Auto Component Stock in the Green).
- The Profit Before Tax (PBT) before exceptional items for the year reached INR 12,284 million, reflecting a 5.7% growth compared to the corresponding period in 2022.
- The PBT margin for the year stood at 17.0%, compared to 16.9% in the corresponding period of 2022. The net profit for the year amounted to INR 9,090 million, with a net profit margin of 12.6%, slightly down from 12.8% in the corresponding period of 2022.
- Commenting on the results, Mr. Harsha Kadam, Managing Director, stated, “Our balanced business portfolio, coupled with continued momentum in our key sectors, contributed to sustaining revenues for the quarter. Despite challenges in the export mix, our annual performance was supported by robust domestic businesses and a positive trajectory of business wins across sectors.”
- In terms of Schaeffler India’s stock performance, the 52-week high and low prices on BSE are Rs 3719.20 apiece and Rs 2616.05 apiece, respectively (Auto Component Stock in the Green).
- The company currently holds a market capitalization of Rs 47,864.09 crore. Over the last month, Schaeffler India shares declined by 7.50%, while they showed a return of 11% in the last three months (Auto Component Stock in the Green). Over the last two years, the shares surged by 87%, and in the last five years, they yielded a return of 191%.
- About Schaeffler India: Schaeffler, with four plants and 11 sales offices, maintains a significant presence in India under three major product brands – FAG, INA, and LuK.
- The Vadodara manufacturing plant, established in 1964, produces a diverse range of bearings under the FAG brand. The Savli plant in Vadodara produces next-generation deep groove ball bearings and large-size roller bearings, also sold under the FAG brand.
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