ABC Bearings Ltd(Merged)

ABC Bearings Ltd(Merged)

₹ 438 0.18%
21 Aug 2018
About

ABC Bearings is engaged in the manufacturing of taper roller bearings. The Company produces cylindrical roller bearings and slewing bearings. The Company's products include spherical roller bearings, clutch release bearings, needle roller bearings, ball bearings, king pin bearings, universal joint and grease.

Key Points

Company is merged in "Timken India", in 2018, which is headquartered in Bangalore, India.

  • Market Cap 505 Cr.
  • Current Price 438
  • High / Low /
  • Stock P/E 30.0
  • Book Value 127
  • Dividend Yield 0.00 %
  • ROCE 11.1 %
  • ROE 7.36 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 39.0%

Cons

  • Stock is trading at 3.44 times its book value
  • The company has delivered a poor sales growth of 1.41% over past five years.
  • Company has a low return on equity of 5.09% over last 3 years.

* 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

Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018
44.22 42.83 40.15 53.02 49.36 38.64 45.94 51.33 34.74 46.60 50.04 58.01 51.93
37.69 36.84 34.74 43.65 40.19 31.99 37.78 44.20 30.39 39.62 40.89 47.83 42.15
Operating Profit 6.53 5.99 5.41 9.37 9.17 6.65 8.16 7.13 4.35 6.98 9.15 10.18 9.78
OPM % 14.77% 13.99% 13.47% 17.67% 18.58% 17.21% 17.76% 13.89% 12.52% 14.98% 18.29% 17.55% 18.83%
0.12 0.09 0.12 0.24 0.23 0.17 0.11 0.07 0.15 0.07 0.03 2.04 0.61
Interest 1.85 2.00 1.62 1.51 1.24 1.32 1.35 1.27 0.58 0.63 0.63 0.39 0.44
Depreciation 3.15 3.12 3.07 3.17 3.17 3.28 2.98 3.06 2.97 2.99 3.00 2.90 2.94
Profit before tax 1.65 0.96 0.84 4.93 4.99 2.22 3.94 2.87 0.95 3.43 5.55 8.93 7.01
Tax % 33.33% 35.42% 33.33% 35.29% 35.07% 34.68% 34.77% 41.11% 35.79% 34.99% 35.14% 23.96% 38.94%
1.10 0.62 0.56 3.19 3.25 1.45 2.57 1.70 0.62 2.22 3.59 6.79 4.27
EPS in Rs 0.95 0.53 0.48 2.75 2.80 1.25 2.22 1.47 0.53 1.91 3.09 5.85 3.68
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 TTM
152 180 166 134 161 203 177 149 141 163 180 190 207
124 137 130 110 139 158 148 130 124 141 152 158 170
Operating Profit 28 43 36 24 22 46 29 19 17 22 27 31 36
OPM % 19% 24% 22% 18% 14% 22% 17% 13% 12% 13% 15% 17% 17%
4 -0 -1 2 14 1 1 0 4 1 1 4 3
Interest 3 4 4 11 1 1 1 3 4 6 7 5 2
Depreciation 7 8 7 5 4 4 6 9 10 12 13 13 12
Profit before tax 23 31 24 10 31 42 22 8 7 5 8 18 25
Tax % 32% 34% 35% 36% 34% 33% 31% 32% 34% 13% 35% 33%
16 20 16 7 21 28 15 5 5 4 5 12 17
EPS in Rs 13.54 17.36 13.72 5.67 17.71 24.37 13.22 4.57 3.99 3.60 4.72 10.22 14.53
Dividend Payout % 29% 23% 29% 35% 25% 25% 38% 54% 50% 55% 42% 19%
Compounded Sales Growth
10 Years: 1%
5 Years: 1%
3 Years: 10%
TTM: 21%
Compounded Profit Growth
10 Years: -8%
5 Years: -8%
3 Years: 48%
TTM: 166%
Stock Price CAGR
10 Years: 14%
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: 11%
5 Years: 4%
3 Years: 5%
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
Equity Capital 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 36 51 61 65 79 99 108 110 112 113 115 127
34 38 36 53 5 25 51 68 69 87 57 30
33 35 36 26 38 44 40 46 49 60 62 59
Total Liabilities 115 136 145 156 133 180 211 235 242 272 246 227
33 38 39 37 39 75 93 123 134 163 158 148
CWIP 1 1 0 3 4 6 11 15 16 7 3 3
Investments 1 0 13 12 12 12 12 12 12 12 12 0
80 97 93 103 77 87 95 85 79 89 72 77
Total Assets 115 136 145 156 133 180 211 235 242 272 246 227

Cash Flows

Figures in Rs. Crores

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
7 17 30 -10 52 27 24 47 25 12 44 21
-12 -11 -19 -3 -7 -43 -40 -42 -20 -19 -2 14
5 -1 -8 10 -51 16 15 -5 -5 8 -41 -35
Net Cash Flow 1 6 3 -2 -6 0 -2 -0 0 1 1 -0

Ratios

Figures in Rs. Crores

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
Debtor Days 77 84 87 85 82 89 49 49 57 55 48 53
Inventory Days 141 147 145 315 137 78 188 210 162 219 122 128
Days Payable 57 60 72 71 73 59 62 81 90 129 106 97
Cash Conversion Cycle 161 171 159 329 147 108 175 178 129 145 63 84
Working Capital Days 100 110 106 193 90 63 62 39 39 52 10 47
ROCE % 43% 31% 18% 23% 36% 15% 6% 4% 5% 8% 11%

Shareholding Pattern

Numbers in percentages

Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018
38.76% 38.76% 38.76% 38.76% 38.76% 38.76% 38.76% 38.76% 38.76%
0.00% 0.06% 0.06% 0.06% 0.08% 0.08% 0.00% 0.00% 0.00%
2.02% 1.96% 1.96% 1.96% 1.85% 4.65% 4.65% 4.59% 4.59%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00%
59.22% 59.22% 59.22% 59.22% 59.31% 56.51% 56.59% 56.64% 56.65%
No. of Shareholders 7,1466,9647,4807,4037,1106,7246,5646,5165,786

* 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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