Bimetal Bearings Ltd

Bimetal Bearings Ltd

₹ 653 -0.02%
24 Jul 1:31 p.m.
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 250 Cr.
  • Current Price 653
  • High / Low 730 / 500
  • Stock P/E 24.4
  • Book Value 573
  • Dividend Yield 1.92 %
  • ROCE 6.30 %
  • ROE 4.84 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 1.14 times its book value
  • Company has been maintaining a healthy dividend payout of 52.8%

Cons

  • The company has delivered a poor sales growth of 2.51% over past five years.
  • Company has a low return on equity of 4.30% over last 3 years.
  • Earnings include an other income of Rs.8.77 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
53.65 39.14 49.66 53.63 54.50 53.91 61.75 54.01 59.63 58.83 59.00 55.03 60.81
51.13 37.56 48.31 52.67 50.46 51.36 56.90 49.76 56.77 54.72 55.54 53.95 57.57
Operating Profit 2.52 1.58 1.35 0.96 4.04 2.55 4.85 4.25 2.86 4.11 3.46 1.08 3.24
OPM % 4.70% 4.04% 2.72% 1.79% 7.41% 4.73% 7.85% 7.87% 4.80% 6.99% 5.86% 1.96% 5.33%
1.79 1.28 1.29 0.79 1.29 1.67 3.14 1.47 1.16 2.59 2.28 1.90 2.05
Interest 0.22 0.07 0.09 0.10 0.17 0.10 0.20 0.21 0.23 0.18 0.19 0.19 0.31
Depreciation 1.55 1.50 1.50 1.57 1.70 1.50 1.67 1.77 1.77 1.75 1.82 1.80 2.02
Profit before tax 2.54 1.29 1.05 0.08 3.46 2.62 6.12 3.74 2.02 4.77 3.73 0.99 2.96
Tax % -15.75% 22.48% 23.81% 0.00% 25.14% 19.85% 24.02% 22.73% 24.75% 23.48% 28.15% 25.25% 3.38%
2.95 1.00 0.81 0.08 2.59 2.10 4.65 2.88 1.51 3.64 2.68 0.74 2.85
EPS in Rs 7.71 2.61 2.12 0.21 6.77 5.49 12.16 7.53 3.95 9.52 7.01 1.93 7.45
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
142 144 182 206 149 158 197 229 234
133 138 169 190 149 154 189 213 221
Operating Profit 9 6 13 17 0 5 8 16 12
OPM % 6% 4% 7% 8% 0% 3% 4% 7% 5%
2 4 5 5 7 5 5 6 9
Interest 0 0 0 0 0 1 1 1 1
Depreciation 4 4 4 5 6 6 6 7 7
Profit before tax 6 6 14 16 1 4 6 14 13
Tax % 34% 29% 21% 31% -30% -5% 24% 23% 19%
4 4 11 11 1 4 4 11 10
EPS in Rs 11.03 10.67 29.15 29.86 2.82 9.99 11.71 29.12 26.61
Dividend Payout % 68% 70% 31% 34% 248% 80% 68% 43% 47%
Compounded Sales Growth
10 Years: %
5 Years: 3%
3 Years: 14%
TTM: 2%
Compounded Profit Growth
10 Years: %
5 Years: -2%
3 Years: 37%
TTM: -9%
Stock Price CAGR
10 Years: 9%
5 Years: 14%
3 Years: 15%
1 Year: 22%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 4%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 4 4 4 4 4 4 4 4 4
Reserves 155 160 171 179 171 183 191 201 215
0 0 0 0 4 5 6 9 9
24 31 31 34 31 43 42 45 47
Total Liabilities 183 195 206 217 209 234 243 259 275
33 36 42 47 49 64 65 75 76
CWIP 4 3 1 2 13 3 8 3 3
Investments 36 39 46 49 42 54 58 60 77
110 117 118 120 106 113 112 120 119
Total Assets 183 195 206 217 209 234 243 259 275

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7 5 12 12 13 9 9 12 9
-5 -2 -10 -9 -9 -7 -6 -7 -4
-4 -4 -4 -4 -5 -2 -3 -4 -6
Net Cash Flow -1 0 -1 -1 -2 0 -0 0 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 91 95 102 90 101 110 88 78 82
Inventory Days 227 236 167 157 190 210 158 154 143
Days Payable 72 122 96 85 104 136 105 94 92
Cash Conversion Cycle 245 209 174 163 186 184 142 138 133
Working Capital Days 188 201 153 130 158 155 122 116 113
ROCE % 3% 9% 9% 0% 2% 3% 8% 6%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 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% 25.13% 25.11% 25.11% 25.12% 25.12% 25.11% 25.12%
No. of Shareholders 7,3667,2347,1447,0787,1456,9576,3166,3166,4406,3676,2646,171

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