Docstoc

FAG - PDF

Document Sample
FAG - PDF Powered By Docstoc
					                                                                                                Regd off: Nariman Bhavan, 227, Backbay Reclamation, Nariman Point, Mumbai-21
FAG BEARINGS INDIA LIMITED                                                                      E-Mail:    raj.sarraf@schaeffler.com
                                                                                                Web site: www.fag.co.in
                                                                                                Telephone: (022) 2202 2144 Fax: (022) 2202 7022
AUTO ANCILLARIES,FORGINGS                                                             MNC       Tr agent: Link Intime India 308, Jaldhara Complex, 1st Flr, Vasna Rd, Vadodara-15
Chairman: Avinash. P. Gandhi                                                       SEC: Raj Sarraf                                        AUD: Mohinder Puri & Co.
Yr of Inc   B. Code       BL. Code      F.V.         Price        % ch 1-m         % ch 12-m      P/E      P/CF            Yield         Mkt cap              Vol.            ISIN
 1962   505790             FAG:IN       10           451.6          3.2              21.5         7.8          6.5          1.0          7,504.8               0.8        INE513A01014
SHAREHOLDING                                                       FX Transaction    (CY08)                            ADJUSTED DAILY SHARE PRICE DATA
Indian Promoters           :    0.0%               Exports (fob)           Rs m       1,114             (Rs)
Foreign collaborators      :   51.3%               Imports (cif)           Rs m       2,242
Indian inst/Mut Fund       :   15.5%               Fx inflow               Rs m       1,162       800
FIIs/GDR                   :    8.6%               Fx outflow              Rs m       2,487                                                                    DAILY
Free float                 :   24.6%               Net fx                  Rs m      -1,325
Shareholders               :    7,602                                                                                                                          100 DMA
                                                                                                  625
                           No. of months                    12            12              12
                             Year ending              31/12/06      31/12/07        31/12/08
EQUITY SHARE DATA
                                                                                                  450
High                                    Rs                 775            725            700
Low                                     Rs                 375            527            216
Sales per share                         Rs               326.2          385.9          447.9
Earnings per share                      Rs                44.3           47.8           57.6      275
Cash flow per share                     Rs                55.4           59.5           70.0
Dividends per share                     Rs                4.00           4.00           4.50
Dividend yield (eoy)                    %                  0.7            0.6             1.0
                                                                                                  100
Book value per share                    Rs               149.0          191.4          243.7
Shares outstanding (eoy)                m                16.62          16.62          16.62       Aug-06              May-07            Feb-08               Nov-08          Aug-09
Bonus/Rights/Conversions                                      -              -              -
Price / Sales ratio                     x                   1.8            1.6            1.0                               No. of months                12            12           12
Avg P/E ratio                           x                 13.0           13.1             8.0                                 Year ending          31/12/06      31/12/07     31/12/08
                                                                                                 CASH FLOW
P/CF ratio (eoy)                        x                 10.4           10.5             6.5
Price / Book Value ratio                x                   3.9            3.3            1.9    From Operations                         Rs   m        700              822           429
Dividend payout                         %                  9.0             8.4            7.8    From Investments                        Rs   m       -461             -224          -350
Avg Mkt Cap                             Rs m             9,557         10,404          7,612     From Financial Activity                 Rs   m       -196              -82           -83
No. of employees                        `000                  1              1              1    Net Cashflow                            Rs   m         43              516            -4
Total wages/salary                      Rs m               422            524            667
Avg. sales/employee                     Rs Th          4,685.4        5,002.3        5,413.8                                       INTERIM RESULTS
Avg. wages/employee                     Rs Th            364.7          408.7          485.1                                          3QCY08 4QCY08              1QCY09        2QCY09
Avg. net profit/employee                Rs Th            637.0          620.1          696.0     Net sales                   Rs    m     2,176   1,868             1,897         2,025
                                                                                                 Gross profit                Rs    m       512      365              369           315
INCOME DATA                                                                                      Gross profit margin         %            23.5     19.5             19.5          15.6
Net Sales                               Rs     m         5,421            6,413        7,444     Net profit                  Rs    m       302      214              255           187
Other income                            Rs     m           123              130          216     Net profit margin           %            13.9     11.5             13.4            9.2
Total revenues                          Rs     m         5,544            6,543        7,660
Gross profit                            Rs     m         1,181            1,310        1,512
Depreciation                            Rs     m           183              194          206
Interest                                Rs     m            13                4            5
Profit before tax                       Rs     m         1,108            1,242        1,517
Minority Interest                       Rs     m             0                0            0
Prior Period Items                      Rs     m           -25                4          -44
Extraordinary Inc (Exp)                 Rs     m             0                0            0
Tax                                     Rs     m           346              451          516
Profit after tax                        Rs     m           737              795          957
Gross profit margin                     %                 21.8             20.4         20.3
Effective tax rate                      %                 31.2             36.3         34.0
Net profit margin                       %                 13.6             12.4         12.9

BALANCE SHEET DATA
Current assets                          Rs m             2,156            2,999        3,854
Current liabilities                     Rs m             1,046            1,187        1,384
Net working cap to sales                %                 20.5             28.3         33.2
Current ratio                           x                   2.1              2.5          2.8
Inventory Turnover                      Days                62               56           78
Debtors Turnover                        Days                58               60           56
Net fixed assets                        Rs m             1,392            1,423        1,635
Share capital                           Rs m               166              166          166
"Free" reserves                         Rs m             2,285            2,991        3,860
Net worth                               Rs m             2,476            3,181        4,050
Long term debt                          Rs m                  0                0            0
Total assets                            Rs m             3,574            4,434        5,492
Interest coverage                       x                 86.2            311.5        304.4
Debt to equity ratio                    x                   0.0              0.0          0.0
Sales to assets ratio                   x                   1.5              1.4          1.4
Return on assets                        %                 30.3             25.1         23.8
Return on equity                        %                 29.8             25.0         23.6
Return on capital                       %                 44.3             39.3         36.5
Exports to sales                        %                 15.6             14.0         15.0
Imports to sales                        %                 22.6             21.1         30.1
                                                                           GET MORE INFO AT WWW.EQUITYMASTER.COM

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:16
posted:11/6/2010
language:English
pages:1