Vishal Bearings Ltd

About

Vishal Bearings is engaged in the business of manufacturing of Bearing Rollers, earning Jobwork Income & Wind Power Generation.

  • Market Cap 35.8 Cr.
  • Current Price 33.2
  • High / Low 44.5 / 19.4
  • Stock P/E 89.6
  • Book Value 17.1
  • Dividend Yield 0.00 %
  • ROCE 5.93 %
  • ROE 2.19 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 13.27% for last 3 years.
  • Company might be capitalizing the interest cost

Peer comparison

Sector: Bearings Industry: Bearings

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Quarterly Results

Figures in Rs. Crores

Jun 2021
19.61
18.08
Operating Profit 1.53
OPM % 7.80%
Other Income 0.15
Interest 0.71
Depreciation 0.86
Profit before tax 0.11
Tax % 27.27%
Net Profit 0.08
EPS in Rs 0.07

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
11.46 16.06 16.38 18.85 21.23 27.20 23.14 33.06 55.44 80.54 51.98 57.71
10.54 15.54 15.83 18.43 15.88 21.90 18.69 28.13 46.69 65.51 46.09 51.28
Operating Profit 0.92 0.52 0.55 0.42 5.35 5.30 4.45 4.93 8.75 15.03 5.89 6.43
OPM % 8.03% 3.24% 3.36% 2.23% 25.20% 19.49% 19.23% 14.91% 15.78% 18.66% 11.33% 11.14%
Other Income 0.00 0.00 0.00 0.00 -0.08 1.08 -0.02 0.58 1.06 0.48 0.70 0.34
Interest 0.00 0.00 0.00 0.00 1.83 2.23 1.66 1.73 2.53 3.36 2.98 2.49
Depreciation 0.00 0.00 0.00 0.00 1.28 1.66 2.23 2.55 2.77 3.22 3.65 3.65
Profit before tax 0.92 0.52 0.55 0.42 2.16 2.49 0.54 1.23 4.51 8.93 -0.04 0.63
Tax % 30.43% -80.77% -92.73% -123.81% 35.19% 30.12% 37.04% 34.15% 23.95% 28.33% 125.00% 34.92%
Net Profit 0.64 0.93 1.06 0.95 1.41 1.74 0.34 0.81 3.42 6.40 0.01 0.40
EPS in Rs 0.31 0.75 3.17 5.93 0.01 0.37
Dividend Payout % 75.00% 64.52% 124.53% 0.00% 70.92% 0.00% 0.00% 0.00% 8.77% 8.43% 0.00% 0.00%
Compounded Sales Growth
10 Years:14%
5 Years:20%
3 Years:1%
TTM:11%
Compounded Profit Growth
10 Years:-8%
5 Years:3%
3 Years:-48%
TTM:3900%
Stock Price CAGR
10 Years:%
5 Years:23%
3 Years:5%
1 Year:47%
Return on Equity
10 Years:18%
5 Years:15%
3 Years:13%
Last Year:2%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
0.24 0.24 0.25 0.25 0.25 0.25 4.80 6.00 6.00 10.79 10.79 10.79
Reserves 1.53 1.76 1.26 2.21 2.44 4.29 3.33 2.94 6.01 7.25 7.26 7.66
Borrowings 5.14 9.59 10.26 13.55 13.84 18.71 22.09 22.53 24.00 32.85 37.38 31.36
2.18 2.98 2.66 2.44 5.99 6.81 3.33 4.17 7.73 7.81 4.87 9.53
Total Liabilities 9.09 14.57 14.43 18.45 22.52 30.06 33.55 35.64 43.74 58.70 60.30 59.34
2.01 7.46 7.79 7.90 9.87 14.09 15.64 15.26 17.01 17.86 21.10 20.94
CWIP 0.00 0.00 0.00 1.29 0.04 0.26 0.00 0.17 0.87 1.98 0.00 0.04
Investments 0.04 0.88 0.73 0.36 0.54 0.67 0.78 0.89 0.23 0.36 0.64 1.78
7.04 6.23 5.91 8.90 12.07 15.04 17.13 19.32 25.63 38.50 38.56 36.58
Total Assets 9.09 14.57 14.43 18.45 22.52 30.06 33.55 35.64 43.74 58.70 60.30 59.34

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
5.08 3.88 -1.42 4.87 5.01 -0.74 3.74 14.98
-2.17 -6.73 -3.21 -2.76 -5.01 -4.62 -4.10 -4.64
-1.79 2.22 5.17 -1.42 -1.64 5.22 0.28 -8.56
Net Cash Flow 1.12 -0.63 0.54 0.70 -1.64 -0.14 -0.08 1.78

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 64.97 52.50 69.30 58.09 68.94 54.21 70.67 75.63 64.85 44.37 81.38 80.20
Inventory Days 191.40 186.89 340.69 166.14 121.88 176.09 276.47 195.62
Days Payable 99.64 128.94 76.56 43.75 50.25 24.74 34.82 77.38
Cash Conversion Cycle 64.97 52.50 69.30 58.09 160.71 112.16 334.80 198.02 136.48 195.71 323.04 198.43
Working Capital Days 132.81 66.36 72.64 126.64 89.06 98.23 200.48 142.09 104.75 133.65 236.22 159.70
ROCE % 5.62% 4.71% 3.02% 24.40% 23.73% 8.23% 9.60% 18.70% 28.29% 5.53% 5.93%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
70.38 70.41 70.41 70.41 70.41 70.41 70.41 70.41 70.41 70.41 70.41 70.41
29.62 29.59 29.59 29.59 29.59 29.59 29.59 29.59 29.59 29.59 29.59 29.59

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