52w high/low | ₹299.9 / ₹145.25 |
P/E ratio | 15.43 |
Dividend | 1.78 |
ROE | 14.76 |
ROCE | 20.1 |
Face value | 10 |
Book value | ₹172.3Cr |
Market capital | ₹141.67Cr |
What is shareholding pattern? Who are shareholders?
What is a cash flow statement?
What is a balance sheet?
What is a profit and loss statement?
What are dividends?
What are bonuses?
Incorporated in 1969, SNL Bearings Ltd. , previously known as Shriram Needle Bearing Industries manufactures needle bearings in collaboration with Industriewerk Schaffler INA --Ingenieurdienst, Germany. Needle bearings are used widely in the automobile and general engineering industries. Stabilisation of production systems, debottlenecking in some of the existing product lines and development of new products resulted in a remarkable uptrend in the performance of the company in 1994-95. According to a BIFR order, interest due to financial institutions was converted into equity at par with effect from 1 Apr. '93. The company again became a subsidiary of SRF in 1994-95. Upon further conversion of loan into equity shares by financial institutions, the percentage of shareholding of SRF and its subsidiaries fell below 50% and SNBL ceased to be a subsidiary of SRF with effect from May 30, 1996.