Research And Views Archives

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SKF vs FAG: Bearings biggies face off (Part IV)
(Sector Info)

Jul 6, 2011

In this article, Equitymaster makes an attempt to compare the two giants of the bearings industry viz. SKF India and FAG bearings

SKF vs FAG: Bearings biggies face off (Part III)
(Sector Info)

Apr 18, 2011

In this article, Equitymaster makes an attempt to compare the two giants of the bearings industry viz. SKF India and FAG bearings

SKF vs FAG: Bearings biggies face off (Part II)
(Sector Info)

Apr 12, 2011

In this article, Equitymaster makes an attempt to compare the two giants of the bearings industry viz. SKF India and FAG bearings

SKF India vs Schaeffler India: Bearings Biggies Face Off
(Sector Info)

Apr 4, 2011

In this article, Equitymaster makes an attempt to compare the two giants of the bearings industry viz. SKF India and FAG bearings

Motor Industries net declines 52% YoY
(Company Info)

Apr 30, 2001

Motor Industries Company Ltd (MICO),sales grew by 6% YoY in 1QFY02 to Rs 4,363 m. However, as the operating expenditure grew by 6.2% YoY during this period the company's operating margins dipped to 15.5% in 1QFY02.

Low demand effects SKF Bearings's 1QFY02 net
(Company Info)

Apr 24, 2001

SKF Bearings, a leading player in the auto ancillary segment has reported a net profit of Rs 17 m for 1QFY02 , a decline of 50% YoY. The main reason for this is an overall slowdown in the automobile segment which has depressed both OEM as well as replacement demand. Though the company did feel an improvement in demand from certain OEM segments in this quarter, replacement demand continued to decline.

Sundaram Clayton FY01 net dips 21% YoY
(Company Info)

Apr 19, 2001

Sundaram Clayton, a leading manufacturer of hyrdaulic brake actuator systems and castings has reported a 20% decline in its net for FY01 to Rs 182 m. The company's sales have grown by only 4% during the year.

FAG Bearings net up 69.6% in 1QFY01
(Company Info)

Apr 12, 2001

FAG Bearings, a manufacturer of ball and roller bearings has reported a net profit of Rs 52 m for the 1QFY01, a growth of 69.6% YoY. The company's revenues have grown by 18.4% YoY to Rs 581m during this period.

Sundaram Clayton net drops by 71.3%
(Company Info)

Nov 6, 2000

Sundaram Clayton, a leading manufacturer of hyrdaulic brake actuator systems and castings has reported a 71% decline in its net for the 2QFY01E to Rs 13 m. The company's sales have fallen by 2.5% YoY during this period.

Sundram Fasteners Ltd net drops by 27% YoY.
(Company Info)

Nov 6, 2000

Sundram Fasteners, a leading manufacturer and exporter of high tensile fastners, reported a 27% decline in its 2QFY01 net profit. The company sales fell by 14% YoY. The domestic sales fell by 21% YoY during this period due to the overall slowdown in the automobile industry, however its exports went up sharply by 29% YoY.

Motor Industries Company Ltd net down 22%
(Company Info)

Nov 6, 2000

The company's sales have grown by 9% YoY in the 2QFY01 to Rs 4,163 m. However, as the operating expenditure grew by 12.3% YoY during this period the company's operating margins have declined to 16.7% in the 2QFY01.

SKF Bearings net rises on the back of other income
(Company Info)

Oct 27, 2000

SKF Bearings, sales grew by 10.7% to Rs 954 m for the 3QFY01. This is commendable when other auto ancillary companies have seen flat sales growth as the automobile industry as a whole is witnessing a slowdown. As expenditure went up by only 5.1% during this period, its operating margins improved from 15.1% in the 3QFY00 to 19.4% in the 3QFY01.

Sundram Fasteners : Globalisation is the key
(Sector Info)

Oct 6, 2000

Sundram Fasteners Ltd (SFL), a professionally managed company has for the fourth consecutive year won the "GM supplier of the Year" award in FY2000. The prospects for the automobile ancillary industry are dull in the current year as demand has slackened in almost all automobile segments. Hence though the short term prospects for the company do not seem to be attractive, SFL has many positives to come out a winner in the long term.

SKF Bearings India Ltd net up 2.3% YoY
(Company Info)

Jul 29, 2000

The company's sales for the 2QFY01 remained flat, while operating expenses dipped by 0.8%, leading to a 3.6% increase in operating profits. As a result the company's operating margins improved from 18.8% in 2QFY00 to 19.5% in 2QFY01.

Consolidation and globalisation to change the shape of things ...
(Sector Focus)

Apr 29, 2000

During financial year 98 and 99 the domestic auto ancillary industry faced tough times as they reeled under the slowdown faced by the automobile sector. In financial year 99 the production of the auto ancillary segment was valued at Rs 126.8 bn, of this the organised sector accounted for 78 percent and the small scale sector for 22 percent. For financial year 2000, the automobile industry has shown a smart recovery and all segments besides scooters

Riding high on the automobile sector wave...
(Company Focus)

Apr 29, 2000

Financial Year 2000 was a good year for the automobile sector as sales picked up in all segments except for scooters which saw a decline in sales. This in turn benefited auto ancillary players like Sundaram Clayton (SC). SC which depends on commercial vehicle sales growth, saw a robust growth in its bottomline in financial year 2000 as a result of this pick up. SCL's presence in the auto ancillary segment is in two businesses namely hydraulic brake ac

SKF Bearings India Ltd, 4QFY00 operating margins improve
(Company Info)

Apr 28, 2000

SKF Bearings Ltd has reported a net profit of Rs 34 m in the 4QFY00. The company's sales have grown by 12.2%, as a result of the pick up in the automobile industry.

Sundaram-Clayton posts a 44% growth in net
(Company Info)

Apr 21, 2000

Sundaram Clayton (SCL) has reported a net sales of Rs 2,317 m for FY2000 which is a growth of 45% YoY, while its operating expenses grew by 41% YoY during this period. As a result the operating profits of the company have jumped up 81% YoY to Rs 247 m in FY2000, as compared to Rs 137 m reported in FY99.

Fag bearings net falls 13%
(Company Info)

Feb 19, 2000

Fag Bearings has posted 13.4% net profit decline in the quarter ending 31st December 1999. Sales in this period fell 5.7%.

SKF Bearings net zooms 96%
(Company Info)

Feb 12, 2000

SKF Bearings, the largest manufacturer of bearings in the world, has posted a marginal rise of 3.2% in sales to Rs 988 m. Net profit jumped 96% to clock Rs 94.0 m.The company's net profit margin has nearly doubled to 9.5% from 5.0% in 3QFY1999.