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ABC Bearings Ltd. - (Amalgamated) Stock Analysis

Small Cap
Evaluated by 398 users | BSE: 505665 | NSE: ANTFRIBEAR |
Bearings
ABC Bearings, incorporated in 1961, is engaged in business of tapered roller bearings and cylindrical roller bearings. The company was established in a technical collaboration with Steyr Diamler Puch, Austria under the name Antifriction Bearing Corporation. The company started its operations...

Analysis of Financial Track Record

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.
Value Creation
 Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Return on Capital Employed 20.02%12.4%16.25%24.35%10.23%4.13%2.59%4.13%5.25%7.47%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 166134160203177149141163180190
Y-o-Y Gr. Rt.--19.3%19.8%26.8%-13%-15.5%-5.7%15.4%10.4%5.6%
Adjusted EPS (Rs.) 16.246.1314.4524.112.724.521.843.674.758.28
Y-o-Y Gr. Rt.--62.3%135.7%66.8%-47.2%-64.5%-59.3%99.5%29.4%74.3%
Book Value per Share (Rs.) 63.0366.0478.5896.08103.55105.22106.89107.59109.92120.18
Adjusted Net Profit 18.87.116.727.814.75.22.14.25.59.6
Net Op. Cash Flow (Rs. Cr.) 30.5-9.751.727.12547.425.311.644.520.5
Debt to Cash Flow from Ops 1.18-5.450.090.942.031.432.727.541.281.44
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
ABC Bearings Ltd. - (Amalgamated) should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 1.5%1.4%10.4%5.6%
Adjusted EPS -7.2%-8.2%65.1%74.3%
Book Value per Share 7.4349.3
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17
Return on Equity (%) 27.739.519.9827.5912.744.331.733.424.377.2
Operating Profit Margin (%) 21.7318.2717.122.4316.5412.911.813.4315.0516.44
Net Profit Margin (%) 11.315.2910.4113.688.33.491.512.63.055.04
Debt to Equity 0.490.690.050.230.420.560.560.70.450.21
Working Capital Days 158214177130168194187168142123
Cash Conversion Cycle 9614512071969984734742
Entity Percentage Holding
Promoters 38.76%
Institutions 4.59%
Non-Institutions 56.65%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Data is not available for this company.

Data is not available for this company

ABC Bearings, incorporated in 1961, is engaged in business of tapered roller bearings and cylindrical roller bearings. The company was established in a technical collaboration with Steyr Diamler Puch, Austria under the name Antifriction Bearing Corporation. The company started its operations by manufacturing thrust bearings.

ABC Bearing’s manufacturing facilities are located at Lonavla in Maharashtra

ABC Bearings, incorporated in 1961, is engaged in business of tapered roller bearings and cylindrical roller bearings. The company was established in a technical collaboration with Steyr Diamler Puch, Austria under the name Antifriction Bearing Corporation. The company started its operations by manufacturing thrust bearings.

ABC Bearing’s manufacturing facilities are located at Lonavla in Maharashtra and Bharuch in Gujarat. These facilities are well equipped with various measuring instruments such as surfcom 120a / 480a, talysurf 10, talyrond 100, contour graph, profile projector, ECT hardness checker, waviness meter, anderon meter, universal microscope, backward integration life testing and inspection facility.

The company has sourced technologies for these manufacturing units from BWF-Germany and Famir-Italy. Company has also collaborated with NSK of Japan who is one of the largest bearing manufacturers in the world. These facilities are well equipped.

Milestones

1961- Antifriction Bearing Corporation was incorporated in collaboration with Steyr Diamler Puch AG, Austria

1966- The company widened its product portfolio by manufacturing taper and cylindrical roller bearings.

1980- The company established a manufacturing plant for manufacturing of taper roller bearings located at Bharuch.

1981- ABC Bearings promoted a ring manufacturing company -- MIPCO -- at Bharuch.

1996-The company installed cylindrical roller bearings in collaboration with IZUMI, Japan.

1998-It entered into a technical alliance with NSK, Japan.

2002- The name of the company was rechristened as ABC Bearings

2005- The company implemented SAP ERP system in all offices. Manufacturing capacity of its Lonavala plant was expanded.

2006- The company expanded capacity of its taper and cylindrical roller bearing. 

2007- ABC Bearings received ISO 14001 certification for its quality management. It formed a joint venture company with NSK of Japan to form NSK-ABC Bearings, which is located at Chennai.

Future Plans

In order to provide better products and services ABC Bearings is eyeing alliances with various other companies.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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