Bimetal Bearings Ltd Stock Analysis

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

BSE Share Price 09-Dec-2022 11:27
477.00 -3.20 (-0.67%)

DeciZen - Make an Informed Decision on Bimetal Bearings

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

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Bimetal Bearings Price Chart

P/E Ratio (SA) :
25.35
Market Cap :
183.7 Cr.
52-wk low :
293
52-wk high :
487
Bole Toh?

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 Fair zone.

3. Is Bimetal Bearings Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Bimetal Bearings Ltd is likely to Rise-somewhat 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 5%2%3.1%3.2%2.1%5.4%5%0.7%1.9%1.5%-
Value Creation Index -0.7-0.9-0.8-0.8-0.9-0.6-0.6-1.0-0.9-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 163148159142144182206149158197224
YoY Gr. Rt. %--9.6%7.7%-10.6%1.3%26.6%13.3%-27.8%6.3%24.3%-
Adj EPS 16.66.310.111.58.223.322.92.97.86.819
YoY Gr. Rt. %--62%59.9%14.5%-29.1%184.9%-1.7%-87.2%166.6%-13.4%-
BVPS (₹) 357.5359.4364.4413.2429456.2474.2453.3485.9505.4514.1
Adj Net Profit 6.32.43.94.43.18.98.81.132.67
Cash Flow from Ops. 8.320.1-7.37.55.512.112.312.68.98.8-
Debt/CF from Ops. 0.20.1000000.30.50.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.1%6.5%-1.6%24.3%
Adj EPS -9.5%-3.7%-33.4%-13.4%
BVPS 3.93.32.24
Share Price 6.5% -1.6% 15.3% 41.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 4.71.82.831.95.34.90.61.71.43.7
Op. Profit Mgn % 5.73.34.16.347.48.10.134.15.5
Net Profit Mgn % 3.91.62.43.12.24.94.20.81.91.33.2
Debt to Equity 00000000000
Working Cap Days 317345321345360322290379304214175
Cash Conv. Cycle 154152138146133118119158141115105

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 3.70%

Sales growth is good in last 4 quarters at 16.75%

Sales growth has been subdued in last 3 years -1.55%

Net Profit has been subdued in last 3 years -33.41%

Latest Financials - Bimetal Bearings Ltd.

Standalone Consolidated
TTM EPS (₹) 19 24.6
TTM Sales (₹ Cr.) 224 224
BVPS (₹.) 514.1 522.9
Reserves (₹ Cr.) 193 196
P/BV 0.93 0.92
PE 25.35 19.50
From the Market
52 Week Low / High (₹) 293.00 / 486.95
All Time Low / High (₹) 5.00 / 689.00
Market Cap (₹ Cr.) 184
Equity (₹ Cr.) 3.8
Face Value (₹) 10
Industry PE 50.1

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 (%)

News

Bimetal Bearings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Bimetal Bearings on 09-Dec-2022 11:27 is : 477.0.
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 09-Dec-2022 11:27 the market cap of Bimetal Bearings stood at ₹ 183.7.
The latest PE ratio of Bimetal Bearings as of 09-Dec-2022 11:27 is 25.35.
The latest PB ratio of Bimetal Bearings as of 09-Dec-2022 11:27 is 0.93
The 52-week high of Bimetal Bearings is ₹ 486.9 and the 52-week low is ₹ 293.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Bimetal Bearings is ₹ 223.8 ( 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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