Galaxy Bearings Ltd

Galaxy Bearings Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Galaxy Bearings Ltd

₹ 1,458 -1.63%
01 Dec - close price
galaxybearings.com BSE: 526073
About

Galaxy Bearings Limited started manufacturing Taper Roller Bearings & Cylindrical Roller Bearings in 1990 and so far developed a variety of bearings to cater to different market segments of the Automobile Industry. [1]
GBL is headed by Mr. Vinodrai Kansagara and Mr. Bharatkumar Ghodasara, who looks after the overall functions of the company and holds experience of more than three decades in the same line of business. GBL acts as a contract manufacturer for other bearing manufacturers like Action Construction Equipment Limited, Escorts Limited, Tritech Engineering Holdings Limited, Delux Bearings Private Limited [2]

Key Points

Product Portfolio
Tapered Roller Bearing: These bearings have tapered inner and outer ring raceways between which tapered rollers are arranged. Galaxy Bearing manufactures single-row & double rows taper roller bearings with metric as well as inch dimensions. [1]
Tapered roller bearings are used in car and vehicle wheel bearings where they must cope simultaneously with large vertical and horizontal forces. Tapered roller bearings are commonly used for moderate speed, heavy-duty applications where durability is required. [2]

Cylindrical Roller Bearing: Galaxy Bearing manufactures many types of cylindrical roller bearings, the majority being single row bearings with cage & also with a full complement of rollers.[3]
Two-row or double row cylindrical roller bearings are used in gear drives, rolling mills, and machine tools. The bearings are designed for additional strength and are used when the application carries radial loads. [4]

Website BSE
  • Market Cap ₹ 464 Cr.
  • Current Price ₹ 1,458
  • High / Low ₹ 1,750 / 869
  • Stock P/E 25.6
  • Book Value ₹ 258
  • Dividend Yield 0.00 %
  • ROCE 31.3 %
  • ROE 23.9 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 35.0% CAGR over last 5 years
  • Company's working capital requirements have reduced from 136 days to 104 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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

Figures in Rs. Crores

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
16.13 17.54 15.89 17.17 24.92 27.62 34.38 17.89 30.81 26.96 43.02 28.94 33.23
13.15 14.42 12.49 13.71 20.43 23.19 28.39 15.59 25.87 22.00 34.25 25.50 28.43
Operating Profit 2.98 3.12 3.40 3.46 4.49 4.43 5.99 2.30 4.94 4.96 8.77 3.44 4.80
OPM % 18.47% 17.79% 21.40% 20.15% 18.02% 16.04% 17.42% 12.86% 16.03% 18.40% 20.39% 11.89% 14.44%
0.09 0.37 -0.02 0.25 0.24 0.26 0.86 -0.08 1.05 1.38 0.35 1.54 1.34
Interest -0.01 0.06 0.06 0.08 0.04 0.10 0.12 0.05 0.01 0.05 0.17 0.05 0.05
Depreciation 0.29 0.31 0.56 0.43 0.44 0.46 0.47 0.41 0.42 0.45 0.46 0.40 0.41
Profit before tax 2.79 3.12 2.76 3.20 4.25 4.13 6.26 1.76 5.56 5.84 8.49 4.53 5.68
Tax % 25.45% 23.72% 26.81% 25.94% 25.88% 23.00% 26.68% 27.84% 23.74% 22.09% 30.51% 23.18% 26.06%
2.08 2.37 2.02 2.38 3.14 3.18 4.59 1.26 4.23 4.55 5.90 3.48 4.20
EPS in Rs 6.54 7.45 6.35 7.48 9.87 10.00 14.43 3.96 13.30 14.31 18.55 10.94 13.21
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
44 38 45 43 37 43 52 74 48 63 104 119 132
34 34 41 36 32 36 46 64 41 51 86 98 110
Operating Profit 10 4 4 7 5 7 6 10 7 12 18 21 22
OPM % 23% 11% 10% 16% 13% 16% 12% 14% 15% 19% 18% 18% 17%
1 1 2 1 1 0 2 0 1 1 2 3 5
Interest 2 1 2 2 2 1 1 1 0 0 0 0 0
Depreciation 0 0 0 1 1 1 1 1 1 1 2 2 2
Profit before tax 9 3 4 4 3 4 6 9 7 11 18 22 25
Tax % 13% 33% 31% 34% 38% 34% 35% 28% 19% 25% 25% 26%
8 2 3 3 2 3 4 7 6 8 13 16 18
EPS in Rs 25.03 6.57 8.93 9.03 5.03 9.37 11.35 20.72 17.61 24.72 41.79 50.16 57.01
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 18%
3 Years: 35%
TTM: 19%
Compounded Profit Growth
10 Years: 23%
5 Years: 35%
3 Years: 42%
TTM: 37%
Stock Price CAGR
10 Years: %
5 Years: 66%
3 Years: 103%
1 Year: 27%
Return on Equity
10 Years: 20%
5 Years: 22%
3 Years: 23%
Last Year: 24%

Balance Sheet

Figures in Rs. Crores

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 3 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 6 8 11 14 16 18 22 29 34 42 55 71 79
13 9 16 14 17 9 6 9 3 3 3 4 8
7 10 11 9 6 9 12 10 6 11 13 18 22
Total Liabilities 30 31 41 40 42 40 44 51 47 60 75 97 112
4 4 4 5 9 8 7 7 8 12 12 12 11
CWIP 0 0 0 0 0 0 0 0 0 0 0 12 21
Investments 0 0 0 0 0 0 0 0 5 8 8 20 23
26 27 36 35 33 32 36 44 33 40 54 54 57
Total Assets 30 31 41 40 42 40 44 51 47 60 75 97 112

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
6 4 -5 3 4 6 3 -2 14 7 2 24
1 -0 -1 -2 -5 -0 -0 -1 -8 -7 -2 -25
1 -4 6 -2 4 -8 -3 3 -7 1 0 1
Net Cash Flow 8 0 0 -0 2 -2 0 1 -1 -0 0 0

Ratios

Figures in Rs. Crores

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 100 95 119 119 128 128 121 116 90 81 108 90
Inventory Days 182 263 256 324 314 214 190 132 245 229 130 113
Days Payable 81 142 135 137 79 120 137 83 89 129 79 102
Cash Conversion Cycle 202 216 240 306 363 222 173 164 246 181 158 102
Working Capital Days 155 162 200 202 236 180 163 162 191 162 141 104
ROCE % 51% 21% 22% 21% 13% 18% 21% 27% 18% 24% 33% 31%

Shareholding Pattern

Numbers in percentages

Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
48.46% 48.47% 48.47% 48.47% 48.53% 48.46% 48.29% 48.90% 53.90% 53.96% 54.97% 54.97%
0.00% 0.00% 0.00% 0.00% 0.00% 0.25% 0.36% 0.36% 0.36% 0.36% 0.36% 0.36%
51.54% 51.53% 51.53% 51.53% 51.47% 51.29% 51.35% 50.74% 45.73% 45.67% 44.66% 44.67%
No. of Shareholders 6,3036,3446,4536,7877,1267,0837,5168,85310,03510,98511,49012,243

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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