Bimetal Bearings Ltd

Bimetal Bearings Ltd

₹ 651 1.38%
23 Apr - close price
About

Incorporated in 1961, Bimetal Bearings
Ltd manufactures Engine Bearings, Bushings, Thrust Washers, Alloy Powder and Bimetallic Strips[1]

Key Points

Business Overview:[1][2]
BBL was established in collaboration with Clevite Inc., USA and Repco Limited, Australia. It is a member of the Amalgamations group. Company manufactures Engine Bearings, Bushings, Thrust Washers, Alloy Powder and Bimetallic Strips. It has an OEM base covering all segments of the automotive spectrum including Passenger cars, MUVs, LCVs, M&HCVs, Tractors, Industrial engines, two wheelers, defence and railway establishments

  • Market Cap 249 Cr.
  • Current Price 651
  • High / Low 730 / 407
  • Stock P/E 28.7
  • Book Value 537
  • Dividend Yield 1.92 %
  • ROCE 6.88 %
  • ROE 4.97 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 70.0%

Cons

  • Company has a low return on equity of 3.08% over last 3 years.
  • Earnings include an other income of Rs.6.38 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Bearings Industry: Bearings

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
51.90 53.65 39.14 49.66 53.63 54.50 53.91 61.75 54.01 59.63 58.83 59.00 55.03
48.71 51.13 37.57 48.31 52.67 50.46 51.36 56.91 49.76 55.36 54.72 55.36 53.96
Operating Profit 3.19 2.52 1.57 1.35 0.96 4.04 2.55 4.84 4.25 4.27 4.11 3.64 1.07
OPM % 6.15% 4.70% 4.01% 2.72% 1.79% 7.41% 4.73% 7.84% 7.87% 7.16% 6.99% 6.17% 1.94%
1.21 1.74 1.09 1.17 0.71 0.92 0.89 2.21 0.76 0.71 1.83 1.87 1.97
Interest 0.12 0.22 0.07 0.09 0.10 0.17 0.10 0.20 0.21 0.23 0.18 0.19 0.19
Depreciation 1.53 1.55 1.50 1.50 1.57 1.70 1.50 1.67 1.77 1.77 1.75 1.82 1.80
Profit before tax 2.75 2.49 1.09 0.93 0.00 3.09 1.84 5.18 3.03 2.98 4.01 3.50 1.05
Tax % 16.73% -16.06% 26.61% 26.88% 28.16% 28.26% 28.38% 28.05% 16.78% 27.93% 28.00% 23.81%
2.30 2.90 0.80 0.68 0.01 2.21 1.32 3.72 2.17 2.47 2.88 2.53 0.81
EPS in Rs 6.01 7.58 2.09 1.78 0.03 5.78 3.45 9.73 5.67 6.46 7.53 6.61 2.12
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
173 161 146 157 142 144 182 206 149 158 197 229 232
155 152 141 151 133 138 169 190 149 154 189 213 219
Operating Profit 18 9 5 6 9 6 13 17 0 5 8 16 13
OPM % 10% 6% 3% 4% 6% 4% 7% 8% 0% 3% 4% 7% 6%
6 5 5 6 3 6 4 4 7 5 4 4 6
Interest 1 1 1 1 0 0 0 0 0 1 1 1 1
Depreciation 4 4 4 4 4 4 4 5 6 6 6 7 7
Profit before tax 19 9 5 7 7 7 13 15 1 4 5 13 12
Tax % 32% 26% 23% 25% 31% 27% 23% 33% -18% -5% 27% 26%
13 7 4 6 5 5 10 10 2 4 4 10 9
EPS in Rs 33.59 17.67 10.09 14.59 13.15 13.07 26.54 26.95 4.31 10.30 9.70 25.28 22.72
Dividend Payout % 33% 51% 69% 51% 57% 57% 34% 37% 162% 78% 83% 50%
Compounded Sales Growth
10 Years: 4%
5 Years: 5%
3 Years: 15%
TTM: 4%
Compounded Profit Growth
10 Years: 4%
5 Years: -1%
3 Years: 94%
TTM: -8%
Stock Price CAGR
10 Years: 11%
5 Years: 7%
3 Years: 31%
1 Year: 57%
Return on Equity
10 Years: 3%
5 Years: 3%
3 Years: 3%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 130 133 134 136 154 160 171 178 170 182 189 197 202
1 1 1 0 0 0 0 0 4 5 6 9 8
30 27 28 28 24 31 31 34 31 43 42 45 52
Total Liabilities 166 166 166 168 182 195 206 215 208 233 241 256 266
34 36 37 35 33 36 42 47 49 64 65 75 77
CWIP 1 2 3 1 4 3 1 2 13 3 8 3 3
Investments 16 15 20 18 35 39 45 47 41 53 57 57 64
115 112 106 113 110 117 118 120 106 113 112 120 122
Total Assets 166 166 166 168 182 195 206 215 208 233 241 256 266

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-3 8 20 -7 7 5 12 12 13 9 9 12
11 -3 -16 13 -5 -2 -10 -9 -9 -7 -6 -7
-5 -5 -4 -5 -4 -4 -4 -4 -5 -2 -3 -4
Net Cash Flow 3 -0 0 1 -1 0 -1 -1 -2 0 -0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 85 79 83 93 91 95 102 90 101 110 88 78
Inventory Days 204 223 184 199 227 236 167 157 190 210 158 154
Days Payable 45 47 50 64 72 122 96 85 104 136 105 94
Cash Conversion Cycle 243 255 218 228 245 209 174 163 186 184 142 138
Working Capital Days 152 170 169 167 188 201 153 130 158 155 122 116
ROCE % 15% 7% 4% 5% 5% 4% 8% 9% 1% 2% 3% 7%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.88% 74.88% 74.88% 74.88% 74.88% 74.88% 74.88% 74.88% 74.88% 74.88% 74.88% 74.88%
25.12% 25.12% 25.12% 25.12% 25.12% 25.12% 25.13% 25.11% 25.11% 25.12% 25.12% 25.11%
No. of Shareholders 7,0557,3667,2347,1447,0787,1456,9576,3166,3166,4406,3676,264

Documents