Galaxy Bearings Ltd

Galaxy Bearings Ltd

₹ 1,522 -0.36%
22 Jul 4:01 p.m.
About

Incorporated in 1990, Galaxy Bearings Ltd manufactures & trades Ball and Taper Roller Bearing and Steel etc.[1]

Key Points

Business Overview:[1][2]
Company is a first Public Limited Company of the Galaxy group. It is an IATF16949 Quality system and ISO 14001, ISO 45001 Certified manufacturer of Taper Roller Bearings and Cylindrical Roller Bearings and has developed a variety of bearings to cater different market segments.Company is also a certified One Export House

  • Market Cap 484 Cr.
  • Current Price 1,522
  • High / Low 1,800 / 1,290
  • Stock P/E 25.7
  • Book Value 293
  • Dividend Yield 0.00 %
  • ROCE 27.6 %
  • ROE 22.5 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 23.4% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Bearings Industry: Bearings

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
15.89 17.17 24.92 27.62 34.38 17.89 30.81 26.96 43.02 28.94 33.23 25.98 38.97
12.49 13.71 20.43 23.19 28.39 15.59 25.87 22.00 34.25 25.50 28.43 20.79 31.50
Operating Profit 3.40 3.46 4.49 4.43 5.99 2.30 4.94 4.96 8.77 3.44 4.80 5.19 7.47
OPM % 21.40% 20.15% 18.02% 16.04% 17.42% 12.86% 16.03% 18.40% 20.39% 11.89% 14.44% 19.98% 19.17%
-0.02 0.25 0.24 0.26 0.86 -0.08 1.05 1.38 0.35 1.54 1.34 2.23 1.72
Interest 0.06 0.08 0.04 0.10 0.12 0.05 0.01 0.05 0.17 0.05 0.05 0.18 0.22
Depreciation 0.56 0.43 0.44 0.46 0.47 0.41 0.42 0.45 0.46 0.40 0.41 0.44 0.56
Profit before tax 2.76 3.20 4.25 4.13 6.26 1.76 5.56 5.84 8.49 4.53 5.68 6.80 8.41
Tax % 26.81% 25.94% 25.88% 23.00% 26.68% 27.84% 23.74% 22.09% 30.51% 23.18% 26.06% 25.88% 27.23%
2.02 2.38 3.14 3.18 4.59 1.26 4.23 4.55 5.90 3.48 4.20 5.05 6.12
EPS in Rs 6.35 7.48 9.87 10.00 14.43 3.96 13.30 14.31 18.55 10.94 13.21 15.88 19.25
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
38 45 43 37 43 52 74 48 63 104 119 127
34 41 36 32 36 46 64 41 51 86 98 106
Operating Profit 4 4 7 5 7 6 10 7 12 18 21 21
OPM % 11% 10% 16% 13% 16% 12% 14% 15% 19% 18% 18% 16%
1 2 1 1 0 2 0 1 1 2 3 7
Interest 1 2 2 2 1 1 1 0 0 0 0 0
Depreciation 0 0 1 1 1 1 1 1 1 2 2 2
Profit before tax 3 4 4 3 4 6 9 7 11 18 22 25
Tax % 33% 31% 34% 38% 34% 35% 28% 19% 25% 25% 26% 26%
2 3 3 2 3 4 7 6 8 13 16 19
EPS in Rs 6.57 8.93 9.03 5.03 9.37 11.35 20.72 17.61 24.72 41.79 50.16 59.25
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 11%
3 Years: 27%
TTM: 7%
Compounded Profit Growth
10 Years: 21%
5 Years: 23%
3 Years: 35%
TTM: 18%
Stock Price CAGR
10 Years: %
5 Years: 56%
3 Years: 78%
1 Year: 10%
Return on Equity
10 Years: 21%
5 Years: 22%
3 Years: 24%
Last Year: 22%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 8 11 14 16 18 22 29 34 42 55 71 90
9 16 14 17 9 6 9 3 3 3 4 16
10 11 9 6 9 12 10 6 11 13 18 17
Total Liabilities 31 41 40 42 40 44 51 47 60 75 97 126
4 4 5 9 8 7 7 8 12 12 12 12
CWIP 0 0 0 0 0 0 0 0 0 0 12 26
Investments 0 0 0 0 0 0 0 5 8 8 20 26
27 36 35 33 32 36 44 33 40 54 54 63
Total Assets 31 41 40 42 40 44 51 47 60 75 97 126

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4 -5 3 4 6 3 -2 14 7 2 24 5
-0 -1 -2 -5 -0 -0 -1 -8 -7 -2 -25 -16
-4 6 -2 4 -8 -3 3 -7 1 0 1 11
Net Cash Flow 0 0 -0 2 -2 0 1 -1 -0 0 0 0

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 95 119 119 128 128 121 116 90 81 108 90 86
Inventory Days 263 256 324 314 214 190 132 245 229 130 113 170
Days Payable 142 135 137 79 120 137 83 89 129 79 102 93
Cash Conversion Cycle 216 240 306 363 222 173 164 246 181 158 102 163
Working Capital Days 162 200 202 236 180 163 162 191 162 141 104 203
ROCE % 21% 22% 21% 13% 18% 21% 27% 18% 24% 33% 31% 28%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
48.47% 48.53% 48.46% 48.29% 48.90% 53.90% 53.96% 54.97% 54.97% 54.97% 54.97% 54.97%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.12%
0.00% 0.00% 0.25% 0.36% 0.36% 0.36% 0.36% 0.36% 0.36% 0.36% 0.36% 0.36%
51.53% 51.47% 51.29% 51.35% 50.74% 45.73% 45.67% 44.66% 44.67% 44.67% 44.61% 44.54%
No. of Shareholders 6,7877,1267,0837,5168,85310,03510,98511,49012,24312,36612,13212,104

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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