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Asian Bearing Ltd (505672)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505672 NSE: Bearings | Small Cap | Asian Bearing Share Price

BSE Share Price
Not Listed

Asian Bearing Ltd (505672)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505672 NSE: Bearings | Small Cap | Asian Bearing Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹2 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹-0.3
TTM Sales
₹0.1 Cr.
Book Value per Share
₹-22.7
P/E Ratio
0.00
Industry PE
53.1
Price to Book (P/B)
-0.06
Price to Sales (P/S)
20.66
EV/EBITDA
-218.69
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Return on Capital Employed (ROCE)
0.00%
Return on Assets (ROA)
-2.33%
Operating Profit Margin
-209.8%
Net Profit Margin
-376.5%
Gross Profit Margin
-376.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-66.67%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
%
Pledged shares (%) of Promoter's holding (%)
%
Reserves
₹-49 Cr.
Equity
₹15 Cr.
Face Value
₹10
All Time Low / High
₹0.60 / 55.00

Asian Bearing stock performance

Key Ratios
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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)

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.
Asian Bearing Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'98Mar'99Mar'00Jun'01Jun'02Jun'03Jun'04Jun'07Jun'08Jun'09TTM
ROCE % 9.4%7%3.8%-5.9%-5.2%-28.5%-40.9%-9%0%0%-

Growth Parameters

Sales 31.438.129.619.620.218.214.21.10.30.10
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%NANANANANANANANA-
BVPS (₹) 2.61.6-1.7-9.4-19.6-10.7-18.4-32.1-32.4-32.7-22.7
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. 4.355.52.25.1-0.3-2.2-0.7-0.7-0.4-
Debt/CF from Ops. 13.311.710.92413.4-136.7-20-66.7-64.5-131.9-

CAGR

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

Key Financial Parameters

Mar'98Mar'99Mar'00Jun'01Jun'02Jun'03Jun'04Jun'07Jun'08Jun'09TTM
Return on
Equity %
6.9-36-647.3133.538.748.7431.60.90.80.9
Op. Profit
Mgn %
20.4127.9-14.6-13-51.7-75.2-52.4-59.6-209.8-27.7
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
14.824.1-24.4-3.8-2.3-2.6-1.6-0.9-0.9-0.9-
Working Cap
Days
03474294715385025125,06511,03733,8250
Cash Conv.
Cycle
02803593833763233021,072-9,395-19,0520

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'98Mar'99Mar'00Jun'01Jun'02Jun'03Jun'04Jun'07Jun'08Jun'09
Sales31.4238.1329.6024.5220.1618.1714.231.140.330.11
Operating Expenses + 25.0133.5427.2528.1022.7827.5724.941.730.520.33
Manufacturing Costs7.958.478.298.315.496.016.17000
Material Costs6.7013.637.838.397.908.605.911.030.230.09
Employee Cost 6.636.957.187.596.467.267.040.430.140.13
Other Costs 3.734.503.953.822.935.695.830.270.160.11
Operating Profit 6.424.582.35-3.59-2.61-9.40-10.70-0.60-0.19-0.22
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 + 1.121.481.331.831.741.212.99000
Exceptional Items 0000000000
Interest 5.415.737.229.286.511.430.410.010.240.18
Depreciation 1.801.761.401.391.401.020.99000
Profit Before Tax 0.32-1.42-4.94-12.43-8.78-10.64-9.12-0.61-0.44-0.40
Tax 0000000000
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%

Valuation of Asian Bearing - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'98Mar'99Mar'00Jun'01Jun'02Jun'03Jun'04Jun'07Jun'08Jun'09

Equity and Liabilities

Shareholders Fund + 4.673.23-1.71-16.91-28.47-15.25-27.15-47.76-48.20-48.60
Share Capital 15.0715.0715.0715.0715.0715.0715.0715.0715.0715.07
Reserves -10.40-11.84-16.77-31.98-43.54-30.32-42.22-62.83-63.26-63.66
Debt +57.3858.7760.1866.8568.0641.9044.3744.8545.8046.33
Long Term Debt57.3858.7760.1866.8568.0641.9044.3744.8545.8046.33
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables4.724.444.366.709.089.7712.3920.0719.5219.28
Others Liabilities 0-0-00-000-00-0
Total Liabilities 66.7766.4462.8356.6448.6736.4129.6117.1617.1317.02

Fixed Assets

Net Fixed Assets +23.4121.8120.9117.0613.239.716.135.595.595.59
Gross Block43.1143.2143.7142.4841.284038.6537.1037.1037.10
Accumulated Depreciation19.7021.4122.8125.4228.0430.2932.5131.5131.5131.51
CWIP 1.511.962.032.051.851.061.061.061.061.06
Investments 0000000000
Inventories24.4021.4621.7420.2616.8812.4711.815.795.795.71
Trade Receivables14.9818.8515.7014.6214.2911.699.363.493.463.43
Cash Equivalents 0.440.440.520.800.490.200.190.090.090.09
Others Assets 2.041.921.941.841.941.271.051.151.151.15
Total Assets 66.7766.4462.8356.6448.6736.4129.6117.1617.1317.02

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'98Mar'99Mar'00Jun'01Jun'02Jun'03Jun'04Jun'07Jun'08Jun'09
Cash Flow From Operating Activity + 4.315.035.542.785.08-0.31-2.22-0.67-0.71-0.35
PBT 0.32-1.44-4.94-12.43-8.78-10.64-9.12-0.61-0.44-0.40
Adjustment 6.907.118.1810.257.672.161.250.010.240.18
Changes in Working Capital -2.91-0.642.294.966.198.175.65-0.07-0.51-0.13
Tax Paid 0000000000
Cash Flow From Investing Activity + -0.80-0.60-0.57-0.34-0.14-0.27-0.20000
Capex -0.80-0.60-0.57-0.34-0.14-0.27-0.20000
Net Investments 0000000000
Others 0000000000
Cash Flow From Financing Activity + -3.82-4.44-4.89-2.15-5.260.292.400.670.710.35
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 00-3.69-2.48-4.780.28-0.48-0.01-0.24-0.18
Dividend Paid 0000000000
Others -3.82-4.44-1.200.33-0.480.012.880.680.950.53
Net Cash Flow -0.31-00.080.29-0.32-0.28-0.01-000

Financial Ratio

PARTICULARSMar'98Mar'99Mar'00Jun'01Jun'02Jun'03Jun'04Jun'07Jun'08Jun'09
Ratios
ROE (%)8.36-45.43N/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)9.367.03N/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.530.650.530.480.440.490.50.050.020.01
PAT to CFO Conversion(x)13.47N/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days153.20143.20185191.50228229.10232.202,0633,890.700
Inventory Days249.50194.10231.30265.30292.90258.80267.902,826.306,481.200
Payable Days257.30122.70205.10240.60364.40400684.505,75000

Management X-Ray

Shareholding Pattern

No Data To Display

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

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.) .

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

No data found

No data found

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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