Bimetal Bearings Ltd - Stock Valuation and Financial Performance

BSE: 505681 | NSE: BIMETAL | Bearings | Small Cap

Bimetal Bearings Share Price

565.10 3.65 0.65%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Bimetal Bearings

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Bimetal Bearings stock performance -

mw4me loader
P/E Ratio (SA):
22.20
Market Cap:
214.8 Cr.
52-wk low:
368
52-wk high:
730

Is Bimetal Bearings Ltd an attractive stock to invest in?

1. Is Bimetal Bearings Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Bimetal Bearings Ltd is a below average quality company.

2. Is Bimetal Bearings Ltd undervalued or overvalued?

The key valuation ratios of Bimetal Bearings Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Bimetal Bearings Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bimetal Bearings Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Bimetal Bearings:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bimetal Bearings Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 2%3.1%3.2%2.1%5.4%5%0.7%1.9%1.5%4.9%-
Value Creation
Index
-0.9-0.8-0.8-0.9-0.6-0.6-1.0-0.9-0.9-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 148159142144182206149158197229229
Sales YoY Gr.-7.7%-10.6%1.3%26.6%13.3%-27.8%6.3%24.3%16.4%-
Adj EPS 6.310.111.58.223.322.92.97.86.824.125.3
YoY Gr.-59.9%14.5%-29.1%184.9%-1.7%-87.2%166.6%-13.4%256.8%-
BVPS (₹) 359.4364.4413.2429456.2474.2453.3485.9505.4526.1535.8
Adj Net
Profit
2.43.94.43.18.98.81.132.69.210
Cash Flow from Ops. 20.1-7.37.55.512.112.312.68.98.811.5-
Debt/CF from Ops. 0.1000000.30.50.60.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5%4.7%15.4%16.4%
Adj EPS 16.1%0.7%101.9%256.8%
BVPS4.3%2.9%5.1%4.1%
Share Price 9.7% 3.5% 23.7% 52.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
1.82.831.95.34.90.61.71.44.74.8
Op. Profit
Mgn %
3.34.16.347.48.10.134.17.16.2
Net Profit
Mgn %
1.62.43.12.24.94.20.81.91.344.2
Debt to
Equity
0000000000-
Working Cap
Days
34532134536032229037930421118944
Cash Conv.
Cycle
1521381461331181191581411139926

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 4.80%

Sales growth is growing at healthy rate in last 3 years 15.42%

Net Profit is growing at healthy rate in last 3 years 101.92%

Sales growth is not so good in last 4 quarters at 9.02%

Latest Financials - Bimetal Bearings Ltd.

Standalone Consolidated
TTM EPS (₹) 25.3 29.1
TTM Sales (₹ Cr.) 229 229
BVPS (₹.) 535.8 541.8
Reserves (₹ Cr.) 201 203
P/BV 1.05 1.04
PE 22.20 19.29
From the Market
52 Week Low / High (₹) 368.00 / 730.00
All Time Low / High (₹) 5.00 / 730.00
Market Cap (₹ Cr.) 215
Equity (₹ Cr.) 3.8
Face Value (₹) 10
Industry PE 42.2

Management X-Ray of Bimetal Bearings:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Bimetal Bearings

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales148159142144182206149158197229
Operating Expenses 143152133138169190150154189213
Manufacturing Costs31333032384231313947
Material Costs75816570921057986111125
Employee Cost 21212323242627252628
Other Costs 16181514151614111213
Operating Profit 57961317-14816
Operating Profit Margin (%) 3.3%4.1%6.2%4.0%7.4%8.1%-0.4%2.7%4.1%7.0%
Other Income 5635448645
Interest 1100000111
Depreciation 4444456667
Exceptional Items 0000000000
Profit Before Tax 5777131514513
Tax 1222350013
Profit After Tax 4655101024410
PAT Margin (%) 2.6%3.5%3.5%3.5%5.6%5.0%1.1%2.5%1.9%4.2%
Adjusted EPS (₹)10.114.613.113.126.627.04.310.39.725.3
Dividend Payout Ratio (%)69%51%57%57%34%37%163%78%83%49%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 137139158164175181173186193201
Share Capital 4444444444
Reserves 134136154160171178170182189197
Minority Interest0000000000
Debt1000003555
Long Term Debt1000000000
Short Term Debt0000003555
Trade Payables11151424242422323232
Others Liabilities 67605959605553151525
Total Liabilities 216215231246259261252237246264

Fixed Assets

Gross Block11811737445464719299109
Accumulated Depreciation818248121722283440
Net Fixed Assets37353336424749646569
CWIP 31431213383
Investments 20183539454741535757
Inventories40484446434541504853
Trade Receivables33403537515141484849
Cash Equivalents 6766532222
Others Assets76667479726666181930
Total Assets 216215231246259261252237246264

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 20-7751212139912
PBT 5777131514513
Adjustment 1130331244
Changes in Working Capital 16-121-31-211-12-3
Tax Paid -3-3-31-4-404-2-3
Cash Flow From Investing Activity -1613-5-2-10-9-9-7-6-7
Capex -6-2-4-6-8-10-16-11-13-10
Net Investments -53-30-300350
Others -51224117123
Cash Flow From Financing Activity -4-5-4-4-4-4-5-2-3-4
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -3-3-3-3-3-4-5-3-3-3
Others -1-20000010-1
Net Cash Flow 01-10-1-1-2000
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.814.033.383.165.80.932.21.954.9
ROCE (%)4.015.745.224.477.988.780.92.382.916.88
Asset Turnover Ratio0.750.80.730.670.740.790.580.650.830.91
PAT to CFO Conversion(x)5-1.171.411.21.26.52.252.251.2
Working Capital Days
Receivable Days7778858387901131028776
Inventory Days1049310310387781061048979
Payable Days53598298958510911610593

Bimetal Bearings Ltd Stock News

Bimetal Bearings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bimetal Bearings on 28-Mar-2024 16:01 is ₹565.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Bimetal Bearings stood at ₹214.8.
The latest P/E ratio of Bimetal Bearings as of 28-Mar-2024 16:01 is 22.20.
The latest P/B ratio of Bimetal Bearings as of 28-Mar-2024 16:01 is 1.05.
The 52-week high of Bimetal Bearings is ₹730.0 and the 52-week low is ₹368.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bimetal Bearings is ₹229.3 ( Cr.) .

About Bimetal Bearings Ltd

Bimetal Bearings (BBL) was incorporated on April 19, 1961, promoted by India Pistons Ltd. with the technical collaboration of Clevite Corporation, USA and financial collaboration of Repco, Ltd., Australia, the company offers metallurgy and friction material, aluminium tin and non-plated copper lead bearings, Bushings and Thrust Washer 12 mm to 90mm dia, Sintered and Bonded Strips, Copper Lead Sintered Strips and sintered strips under the brand name Bimite.

Quality Management System (QMS) is introduced in Sintering Process, Bearing Lines, Aluminium Tin Bonding Lines, Alloy Powder Composition, to name a few. Modern & latest technological updates are continuously deployed in ensuring utmost quality of products resulting in customer delight.

Right from inception, BBL has been convinced that technology advantage would be the decisive differentiating factor that would give it a quantum jump over competition at the market place. Automated methods in production, Systems Approach to Zero Defect Supplies among others have always held BBL in good stead in turning out product ahead of market-demands and competition.

BBL has eminently positioned itself to be the first source for all new international vehicle models. BBL effectively uses a segmentation strategy to listen to its different categories of customers such as Fleet Operators, State Road Transport Undertakings, Defence Establishments and Export Markets.

The company had strategic tie-ups with international companies such as Miba of Austria for Transfer Lines Flange Manufacture , ACL of Australia for Overlay Plating and Daido of Japan for manufacturing, upgradation, special range of materials, indium plating and ahell casting.

BBL has eminently positioned itself to be the first source for all new international vehicle models. BBL effectively uses a segmentation strategy to listen to its different categories of customers such as fleet operators, state road transport undertakings, defence establishments and export markets.

The company enjoys a dominant market-share among all major OEMs in HCV/ LCV/MCV/MUV, cars, tractors, defence vehicles, railways and industrial engines. Major OEM’s application catering / deployment include Mahindra & Mahindra ( International Harvester / AVL), TAFE (Massey Ferguson) , Simpsons (Perkins) , Maruti (Suzuki) , Ashok Leyland, Hyundai, Cummins, TELCO, Escorts & HM. It is a dedicated single source supplier to Hyundai Motors India. Its brand BIMITE is well-recognized in markets as far-flung as USA,UK,Germany, Italy, Austria, Croatia, and near-home markets as Dubai, Iran, Korea, SriLanka and Bangladesh.

The manufacturing infrastructure consists of a strip mill plant in Chennai with an installed capacity of 1,200 TPA, bearing plant at Coimbatore and Hosur producing 1.2 million half shells per month, and a thrust washer and bushing plant at Chennai with a capacity of 1 million pieces per month. The state-of-the-art R&D facilities are approved by Department of Scientific & Industrial Research, Government of India.

BBL has state-of-the-art R&D facilities approved by Department of Scientific & Industrial Research, Government of India. The R&D centre champions BBL’s cause of constant innovation in its product-offerings. It is well-equipped to design, test and develop Bearings, Bushings & Thrust Washers.

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