Is Asian Bearing Ltd (505672) a good quality company?

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

What is Asian Bearing Ltd (505672) share price return in the past 10 years?

Data is not available for this company

What is the share price of Asian Bearing Ltd (505672)?

Company share prices are keep on changing according to the market conditions. The current trading price of Asian Bearing Ltd (505672) on 01-Jan-1970 05:30:00 at 05:30 is .

What is the P/E ratio of Asian Bearing?

The latest standalone P/E ratio of Asian Bearing as of 01-Jan-1970 is 0.00.

What is the P/B ratio of Asian Bearing Ltd (505672)?

The latest standalone P/B ratio of Asian Bearing Ltd (505672) as of 01-Jan-1970 is -0.06.

What is the 52-week high and low of Asian Bearing Ltd (505672)?

The 52-week high of Asian Bearing Ltd (505672) is Rs. 0.00 and the 52-week low is Rs. 0.00.

Asian Bearing Ltd (505672) Share Analysis – Cycle Position, Quality & Valuation Zone & DeciZen Rating

Name: Asian Bearing Ltd (505672)
Brand: Asian Bearing

Asian Bearing Ltd (505672) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Key Metrics

Market Cap

₹2 Cr.

P/E Ratio

0.00

Price to Book (P/B)

-0.06

Price to Sales (P/S)

20.66

EV/EBITDA

-218.69

Return on Capital Employed (ROCE)

0.00%

Current Price

₹0

Return on Equity (ROE)

0.00%

Return on Assets (ROA)

-2.33%

Operating Profit Margin

-209.8%

Net Profit Margin

-376.5%

Gross Profit Margin

-376.5%

Book Value per Share

₹-22.7

Sales Growth (YoY)

-66.67%

Sales Growth (3 Years)

-80.23%

Operating Profit Growth (1 Year)

NA%

Operating Profit Growth (3 Years)

N/A%

Net Profit Growth (1 Year)

NA%

52-Week Low / High

₹0 / 0

Net Profit Growth (3 Years)

N/A%

Dividend Yield

0.00%

Promoter Holding

Pledged shares (%)
of Promoter's holding (%)

DeciZen - make an informed investing decision on Asian Bearing

Based on:

Data

M-Cap below 100cr DeciZen not available

Asian Bearing stock performance

Key Ratios

Is Asian Bearing Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'98	Mar'99	Mar'00	Jun'01	Jun'02	Jun'03	Jun'04	Jun'07	Jun'08	Jun'09	TTM
ROCE % ⓘ	9.4%	7%	3.8%	-5.9%	-5.2%	-28.5%	-40.9%	-9%	0%	0%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	31.4	38.1	29.6	19.6	20.2	18.2	14.2	1.1	0.3	0.1	0
Sales YoY Gr.	-	21.4%	-22.4%	-33.8%	2.8%	-9.9%	-21.7%	-92%	-71.1%	-66.7%	-
Adj EPS ⓘ	0.2	-1	-3.3	-6.6	-5.8	-7.1	-6.1	-0.4	-0.3	-0.3	-0.3
YoY Gr.	-	-552.4%	NA	NA	NA	NA	NA	NA	NA	NA	-
BVPS (₹) ⓘ	2.6	1.6	-1.7	-9.4	-19.6	-10.7	-18.4	-32.1	-32.4	-32.7	-22.7
Adj Net Profit ⓘ	0.3	-1.4	-4.9	-9.9	-8.8	-10.6	-9.1	-0.6	-0.4	-0.4	-0
Cash Flow from Ops. ⓘ	4.3	5	5.5	2.2	5.1	-0.3	-2.2	-0.7	-0.7	-0.4	-
Debt/CF from Ops. ⓘ	13.3	11.7	10.9	24	13.4	-136.7	-20	-66.7	-64.5	-131.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-46.7%	-64.7%	-80.2%	-66.7%
Adj EPS ⓘ	-202.4%	NA	NA	NA
BVPSⓘ	-232.8%	NA	NA	NA
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'98	Mar'99	Mar'00	Jun'01	Jun'02	Jun'03	Jun'04	Jun'07	Jun'08	Jun'09	TTM
Return on Equity % ⓘ	6.9	-36	-647.3	133.5	38.7	48.7	43	1.6	0.9	0.8	0.9
Op. Profit Mgn % ⓘ	20.4	12	7.9	-14.6	-13	-51.7	-75.2	-52.4	-59.6	-209.8	-27.7
Net Profit Mgn % ⓘ	1	-3.7	-16.7	-50.7	-43.6	-58.6	-64.1	-53.5	-134.3	-376.5	-355.5
Debt to Equity ⓘ	14.8	24.1	-24.4	-3.8	-2.3	-2.6	-1.6	-0.9	-0.9	-0.9	-
Working Cap Days ⓘ	0	347	429	471	538	502	512	5,065	11,037	33,825	0
Cash Conv. Cycle ⓘ	0	280	359	383	376	323	302	1,072	-9,395	-19,052	0

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	-0.3	-
TTM Sales (₹ Cr.)	0.1	-
BVPS (₹) ⓘ	-22.7	-
Reserves (₹ Cr.) ⓘ	-49	-
P/BV ⓘ	-0.06	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	0.60 / 55.00
Market Cap (₹ Cr.)	2.2
Equity (₹ Cr.)	15
Face Value (₹)	10
Industry PE ⓘ	44.1

Management X-Ray

Shareholding Pattern

No Data To Display

Promoter's Holding & Share Pledging

Valuation of Asian Bearing - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'98	Mar'99	Mar'00	Jun'01	Jun'02	Jun'03	Jun'04	Jun'07	Jun'08	Jun'09
Sales	31.42	38.13	29.60	24.52	20.16	18.17	14.23	1.14	0.33	0.11
Operating Expenses ⓘ +	25.01	33.54	27.25	28.10	22.78	27.57	24.94	1.73	0.52	0.33
Manufacturing Costs	7.95	8.47	8.29	8.31	5.49	6.01	6.17	0	0	0
Material Costs	6.70	13.63	7.83	8.39	7.90	8.60	5.91	1.03	0.23	0.09
Employee Cost	6.63	6.95	7.18	7.59	6.46	7.26	7.04	0.43	0.14	0.13
Other Costs ⓘ	3.73	4.50	3.95	3.82	2.93	5.69	5.83	0.27	0.16	0.11
Operating Profit ⓘ	6.42	4.58	2.35	-3.59	-2.61	-9.40	-10.70	-0.60	-0.19	-0.22
Operating Profit Margin (%)	20.4%	12.0%	7.9%	-14.6%	-13.0%	-51.7%	-75.2%	-52.4%	-59.6%	-209.0%
Other Income ⓘ +	1.12	1.48	1.33	1.83	1.74	1.21	2.99	0	0	0
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	5.41	5.73	7.22	9.28	6.51	1.43	0.41	0.01	0.24	0.18
Depreciation ⓘ	1.80	1.76	1.40	1.39	1.40	1.02	0.99	0	0	0
Profit Before Tax ⓘ	0.32	-1.42	-4.94	-12.43	-8.78	-10.64	-9.12	-0.61	-0.44	-0.40
Tax ⓘ	0	0	0	0	0	0	0	0	0	0
Profit After Tax	0.32	-1.42	-4.94	-12.43	-8.78	-10.64	-9.12	-0.61	-0.44	-0.40
PAT Margin (%)	1.0%	-3.7%	-16.7%	-50.7%	-43.6%	-58.6%	-64.1%	-53.5%	-134.0%	-376.0%
Adjusted EPS (₹)	0.2	-1.0	-3.3	-8.3	-5.8	-7.1	-6.1	-0.4	-0.3	-0.3
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'98	Mar'99	Mar'00	Jun'01	Jun'02	Jun'03	Jun'04	Jun'07	Jun'08	Jun'09
Equity and Liabilities
Shareholders Fund +	4.67	3.23	-1.71	-16.91	-28.47	-15.25	-27.15	-47.76	-48.20	-48.60
Share Capital ⓘ	15.07	15.07	15.07	15.07	15.07	15.07	15.07	15.07	15.07	15.07
Reserves ⓘ	-10.40	-11.84	-16.77	-31.98	-43.54	-30.32	-42.22	-62.83	-63.26	-63.66
Debt +	57.38	58.77	60.18	66.85	68.06	41.90	44.37	44.85	45.80	46.33
Long Term Debt	57.38	58.77	60.18	66.85	68.06	41.90	44.37	44.85	45.80	46.33
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	4.72	4.44	4.36	6.70	9.08	9.77	12.39	20.07	19.52	19.28
Others Liabilities ⓘ	0	-0	-0	0	-0	0	0	-0	0	-0
Total Liabilities ⓘ	66.77	66.44	62.83	56.64	48.67	36.41	29.61	17.16	17.13	17.02
Fixed Assets
Net Fixed Assets ⓘ +	23.41	21.81	20.91	17.06	13.23	9.71	6.13	5.59	5.59	5.59
Gross Block	43.11	43.21	43.71	42.48	41.28	40	38.65	37.10	37.10	37.10
Accumulated Depreciation	19.70	21.41	22.81	25.42	28.04	30.29	32.51	31.51	31.51	31.51
CWIP ⓘ	1.51	1.96	2.03	2.05	1.85	1.06	1.06	1.06	1.06	1.06
Investments ⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	24.40	21.46	21.74	20.26	16.88	12.47	11.81	5.79	5.79	5.71
Trade Receivables	14.98	18.85	15.70	14.62	14.29	11.69	9.36	3.49	3.46	3.43
Cash Equivalents	0.44	0.44	0.52	0.80	0.49	0.20	0.19	0.09	0.09	0.09
Others Assets ⓘ	2.04	1.92	1.94	1.84	1.94	1.27	1.05	1.15	1.15	1.15
Total Assets ⓘ	66.77	66.44	62.83	56.64	48.67	36.41	29.61	17.16	17.13	17.02

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'98	Mar'99	Mar'00	Jun'01	Jun'02	Jun'03	Jun'04	Jun'07	Jun'08	Jun'09
Cash Flow From Operating Activity ⓘ +	4.31	5.03	5.54	2.78	5.08	-0.31	-2.22	-0.67	-0.71	-0.35
PBT ⓘ	0.32	-1.44	-4.94	-12.43	-8.78	-10.64	-9.12	-0.61	-0.44	-0.40
Adjustment ⓘ	6.90	7.11	8.18	10.25	7.67	2.16	1.25	0.01	0.24	0.18
Changes in Working Capital ⓘ	-2.91	-0.64	2.29	4.96	6.19	8.17	5.65	-0.07	-0.51	-0.13
Tax Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Cash Flow From Investing Activity ⓘ +	-0.80	-0.60	-0.57	-0.34	-0.14	-0.27	-0.20	0	0	0
Capex	-0.80	-0.60	-0.57	-0.34	-0.14	-0.27	-0.20	0	0	0
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	0	0	0	0	0	0
Cash Flow From Financing Activity ⓘ +	-3.82	-4.44	-4.89	-2.15	-5.26	0.29	2.40	0.67	0.71	0.35
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	-3.69	-2.48	-4.78	0.28	-0.48	-0.01	-0.24	-0.18
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-3.82	-4.44	-1.20	0.33	-0.48	0.01	2.88	0.68	0.95	0.53
Net Cash Flow ⓘ	-0.31	-0	0.08	0.29	-0.32	-0.28	-0.01	-0	0	0

Finance Ratio

PARTICULARS	Mar'98	Mar'99	Mar'00	Jun'01	Jun'02	Jun'03	Jun'04	Jun'07	Jun'08	Jun'09
Ratios
ROE (%)	8.36	-45.43	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ROCE (%)	9.36	7.03	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover Ratio	0.53	0.65	0.53	0.48	0.44	0.49	0.5	0.05	0.02	0.01
PAT to CFO Conversion(x)	13.47	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Working Capital Days
Receivable Days	153.20	143.20	185	191.50	228	229.10	232.20	2,063	3,890.70	0
Inventory Days	249.50	194.10	231.30	265.30	292.90	258.80	267.90	2,826.30	6,481.20	0
Payable Days	257.30	122.70	205.10	240.60	364.40	400	684.50	5,750	0	0

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Asian Bearing Ltd FAQs

The current trading price of Asian Bearing on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of Asian Bearing stood at ₹2.18 Cr

The latest P/E ratio of Asian Bearing as of 31-Dec-1969 is 0.00.

The latest P/B ratio of Asian Bearing as of 31-Dec-1969 is -0.06.

The 52-week high of Asian Bearing is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Asian Bearing is ₹0.11 ( Cr.) .

About Asian Bearing Ltd

Asian Bearing (ABL) founded in 1982, is a joint venture involving the Tamil Nadu Industrial Development Corporation (TIDCo). The company's plant is located in Belathur, near Hosur, in southern India. The key executives are SP Nagarajan, M Venkateswara Rao, S M Palanlappa Chettiar and PL Muthu. ABL manufactures ABL brand ball bearings, tapered roller bearings, cylindrical roller bearings, ball thrust bearings, and has its own closed-die forging shop and ball production. Its primary product is a deep, broad line of over 125 ball bearing sizes; approximately 50 different tapered roller bearings are in the mix. Bearings can be produced in sizes from 12mm ID through 900mm OD. 52100 chrome steel balls are produced in metric and inch sizes, 3/16' through 13/32', grades 10 and 16.

It entered into a technical collaboration with VEB Kombinat Waelzlager Und Normteile (an amalgamation of bearing companies in Germany which markets bearings under the brand name DKF). Under the agreement, the collaborators were to supply all technical know-how and provide designs, drawings, etc to manufacture ball, taper and cylindrical roller bearings.

The company's products find applications in motors, handpumps, idlers, machinery and the automobile industry. It also manufactures components like nuts, blanks and rings for the textile industry and also supplies bearing rings to other manufacturers. The company's major customers are HMT, Kirloskar Bros, Enfield, Mahindra & Mahindra Tractors, Escorts, NLC, Bhilai Steel Plant, Crompton Greaves, Hindustan Sheet Metals, etc. In order to step up production of taper roller bearings, the company initiated self-manufacture of rollers and cages

During 1986-88, it came under the purview of sick industrial companies and reference was made to BIFR. In 1988-89, the company's rehabilitation scheme was accepted by BIFR and a relief package sanctioned. In 1993-94, it staged a remarkable turn-around and recorded a marginal profit against the losses made the previous years. During 1997-98, the Company shifted its concentration to Export of Bearings and & Auto Components. The company was exploring export possibilities in USA, UK, South Africa, New Zealand etc. It also acquired QS 9000 certification and ISO 9001 certificate from the earlier ISO 9002 during 1998-99. ABL has developed polyamide shields to replace metallic shields and also special polyamide retainers replacing metallic retainers, for high speed applications, for ball bearings.

ABL had been producing up to six million bearings per year, and tracks to build capacity for up to ten million bearings per year. In January, 2000 the company shut down its operations throwing more than 700 people out of work, after running out of funding options.

For not complying with the listing agreement the company was suspended for trading since February 3, 2003.

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Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
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Asian Bearing Ltd (505672) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating