SNL Bearings Limited (SNL.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+64.8%

₹705.54

vs ₹428.10 price

Levered DCF

₹574.09

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	10.11×	11.75×	14.67×	11.58×	11.1×	11.37×	9.31×	14.16×
P/B	1.45×	1.88×	1.93×	1.75×	2.03×	1.72×	1.11×	3.37×
P/S	1.94×	2.49×	2.41×	2.02×	2.25×	1.93×	1.15×	2.92×
EV / EBITDA	6.71×	9.66×	9.29×	7.48×	7.3×	6.68×	5.97×	9.35×
Gross margin	43.7%	64.8%	63.1%	25.3%	69.4%	27.3%	61.9%	67.4%
Operating margin	22.1%	46.6%	43.4%	19.9%	24.9%	21.6%	15.1%	26.5%
Net margin	19.2%	21.2%	16.4%	17.4%	20.3%	17.0%	12.4%	20.6%
Current ratio	10.8×	10.68×	9.82×	6.65×	7.85×	7.04×	4.88×	7.1×
Debt / equity	0×	0×	0×	0.01×	0.01×	0×	0.09×	0×
Interest coverage	1,252×	2,384×	2,072×	936×	1,085×	98.63×	253×	1,936.5×
Dividend yield	2.6%	2.0%	2.0%	2.4%	1.6%	0.0%	8.7%	1.5%
Payout ratio	26.6%	23.3%	30.1%	27.9%	17.9%	0.2%	81.4%	21.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.3%	16.0%	13.1%	15.1%	18.3%	15.1%	11.9%	23.8%
Return on invested capital	12.0%	26.3%	24.3%	12.2%	16.1%	13.8%	9.7%	20.7%
Return on assets	12.9%	14.5%	11.8%	13.1%	16.1%	13.2%	9.9%	20.6%
Free cash flow yield	11.3%	2.8%	6.3%	6.4%	3.9%	8.4%	10.7%	-0.3%
Earnings yield	9.9%	8.5%	6.8%	8.6%	9.0%	8.8%	10.7%	7.1%
Enterprise value	₹1.1B	₹1.3B	₹1.1B	₹947.1M	₹963M	₹630.9M	₹392.1M	₹1.2B
Net debt / EBITDA	-0.02×	-0.08×	-0.02×	-0×	-0.13×	-0.77×	0.09×	0×
Cash conversion cycle (days)	152	275	222	199	260	197	270	375