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Galaxy Bearings

₹1473.3 -3.1 | 0.2%

Market Cap ₹469 Cr.

Stock P/E 25.1

P/B 5.4

Current Price ₹1473.3

Book Value ₹ 274

Face Value 10

52W High ₹1749.9

Dividend Yield 0%

52W Low ₹ 1105.1

Galaxy Bearings Research see more...

Overview Inc. Year: 1990Industry: Bearings

Galaxy Bearings Ltd is a renowned company specializing in the manufacturing and distribution of high-quality bearings. With a strong presence in the industry, Galaxy Bearings has established itself as a trusted provider of reliable and durable bearing solutions. The company offers a wide range of bearings, catering to various sectors such as automotive, industrial, aerospace, and more. Galaxy Bearings prides itself on its commitment to innovation, continuously striving to develop advanced bearing technologies that enhance performance and efficiency. Their team of skilled engineers and technicians work diligently to ensure precision engineering, stringent quality control, and adherence to international standards. Through a robust distribution network, Galaxy Bearings effectively reaches customers worldwide, delivering products promptly and efficiently. The company maintains strong customer relationships, offering personalized support and technical assistance to meet specific requirements. With a solid reputation for excellence and a comprehensive product portfolio, Galaxy Bearings Ltd remains a leading player in the global bearing industry.

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Galaxy Bearings Share Price

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Peer Comparison

Galaxy Bearings Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 25 28 34 18 31 27 43 29 33 26
Other Income 0 0 1 -0 1 1 0 2 1 2
Total Income 25 28 35 18 32 28 43 30 35 28
Total Expenditure 20 23 28 16 26 22 34 25 28 21
Operating Profit 5 5 7 2 6 6 9 5 6 7
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 4 4 6 2 6 6 8 5 6 7
Provision for Tax 1 1 2 0 1 1 3 1 1 2
Profit After Tax 3 3 5 1 4 5 6 3 4 5
Adjustments 0 0 -0 -0 -0 0 0 -0 0 0
Profit After Adjustments 3 3 5 1 4 5 6 3 4 5
Adjusted Earnings Per Share 9.9 10 14.4 4 13.3 14.3 18.6 10.9 13.2 15.9

Galaxy Bearings Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 38 45 43 37 43 52 74 48 63 104 119 131
Other Income 1 2 1 1 0 1 0 1 1 2 3 5
Total Income 39 47 44 37 43 53 75 49 63 106 121 136
Total Expenditure 34 41 36 32 36 45 64 41 51 86 98 108
Operating Profit 5 6 8 6 7 8 11 8 12 20 24 27
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 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 3 4 4 3 4 6 9 7 11 18 22 26
Provision for Tax 1 1 1 1 2 2 3 1 3 5 6 7
Profit After Tax 2 3 3 2 3 4 7 6 8 13 16 18
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 2 3 3 2 3 4 7 6 8 13 16 18
Adjusted Earnings Per Share 6.6 8.9 9 5 9.4 11.3 20.7 17.6 24.7 41.8 50.1 58.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 14% 35% 18% 12%
Operating Profit CAGR 20% 44% 25% 17%
PAT CAGR 23% 39% 32% 23%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 27% 91% 53% NA%
ROE Average 24% 23% 22% 19%
ROCE Average 31% 30% 27% 23%

Galaxy Bearings Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 12 14 17 19 22 25 32 37 45 59 74
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 2 2 3 4 1 1 1 1 0 0 0
Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 3 0
Total Current Liabilities 20 26 23 22 20 22 23 12 21 20 28
Total Liabilities 35 43 44 46 43 48 55 51 67 81 102
Fixed Assets 4 4 5 9 8 7 7 8 12 12 12
Other Non-Current Assets 0 1 1 0 1 0 0 1 1 4 14
Total Current Assets 30 38 38 36 35 41 48 41 53 65 77
Total Assets 35 43 44 46 43 48 55 51 67 81 102

Galaxy Bearings Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 0 0 0 2 0 0 1 0 0 0
Cash Flow from Operating Activities 4 -5 3 4 6 3 35 14 7 2 24
Cash Flow from Investing Activities -0 -1 -2 -5 -0 -0 -1 -8 -7 -2 -25
Cash Flow from Financing Activities -4 6 -2 4 -8 -3 -33 -7 1 0 1
Net Cash Inflow / Outflow 0 0 -0 2 -2 0 1 -1 -0 0 0
Closing Cash & Cash Equivalent 0 0 0 2 0 0 1 0 0 0 0

Galaxy Bearings Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 6.58 8.94 9.02 5.02 9.37 11.34 20.73 17.61 24.7 41.78 50.15
CEPS(Rs) 8.08 10.39 12.78 8.68 13.69 15.08 23.78 20.73 29.2 47.45 55.62
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 36.39 45.33 54.1 59.11 68.13 79.51 100.14 117.86 142.64 184.33 234.15
Core EBITDA Margin(%) 10.57 9.17 15.13 12.5 15.94 13.16 14.07 14.73 18.54 17.69 17.78
EBIT Margin(%) 11.44 11.71 13.81 11.35 13 12.83 13.27 15.02 17.25 17.5 18.59
Pre Tax Margin(%) 7.75 8.51 9.45 6.6 9.89 10.58 12.29 14.34 16.78 17.08 18.23
PAT Margin (%) 5.2 5.88 6.27 4.11 6.55 6.84 8.86 11.6 12.51 12.73 13.44
Cash Profit Margin (%) 6.39 6.83 8.89 7.1 9.57 9.1 10.17 13.65 14.78 14.46 14.9
ROA(%) 6.45 7.33 6.63 3.58 6.71 7.9 12.75 10.56 13.39 17.95 17.36
ROE(%) 19.88 21.89 18.15 8.87 14.74 15.36 23.08 16.15 18.97 25.56 23.97
ROCE(%) 20.8 22.23 20.81 13.22 17.73 21.77 27.2 17.83 24.44 33.07 31.41
Receivable days 99.59 93.54 115.73 126.75 112.71 112.67 100.21 134.13 75.2 78.15 92.54
Inventory Days 123.28 119.65 134.27 151.75 112.19 90.65 68.25 108.84 95.69 64.05 56.18
Payable days 113.96 130.23 151.76 112.99 94.65 121.14 86.84 120.42 97.32 76.15 85.13
PER(x) 0 0 0 0.91 1.42 3.63 6.21 6.87 7.97 9.39 18.05
Price/Book(x) 0 0 0 0.08 0.2 0.52 1.29 1.03 1.38 2.13 3.87
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.32 0.41 0.38 0.45 0.3 0.36 0.67 0.85 1.05 1.23 2.46
EV/Core EBITDA(x) 2.43 3.01 2.2 2.97 1.8 2.39 4.57 4.97 5.36 6.38 12.26
Net Sales Growth(%) -12.86 19.28 -4.81 -15.25 18.2 20.68 42.03 -35.16 30.02 66.09 14.02
EBIT Growth(%) -12.65 23.17 11.47 -30.21 34.16 14.25 46.04 -26.51 49.33 68.64 20.77
PAT Growth(%) -15.15 35.92 0.88 -44.37 86.8 20.96 82.79 -15.05 40.28 69.13 20.02
EPS Growth(%) -15.15 35.92 0.88 -44.37 86.8 20.96 82.79 -15.05 40.28 69.13 20.02
Debt/Equity(x) 0.82 1.08 0.79 0.91 0.42 0.24 0.3 0.07 0.07 0.06 0.05
Current Ratio(x) 1.5 1.47 1.62 1.64 1.74 1.86 2.11 3.28 2.52 3.28 2.78
Quick Ratio(x) 0.76 0.83 0.9 0.94 1.11 1.24 1.49 2.11 1.66 2.36 2.12
Interest Cover(x) 3.1 3.66 3.16 2.39 4.17 5.7 13.56 22.14 36.49 41.23 51.05
Total Debt/Mcap(x) 0 0 0 11.86 2.15 0.46 0.23 0.07 0.05 0.03 0.01

Galaxy Bearings Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 48.53 48.46 48.29 48.9 53.91 53.96 54.97 54.97 54.97 54.97
FII 0 0 0 0 0 0 0 0 0 0.06
DII 0 0.25 0.36 0.36 0.36 0.36 0.36 0.36 0.36 0.36
Public 51.47 51.29 51.35 50.73 45.73 45.67 44.67 44.67 44.67 44.61
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 31% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 23%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 76.15 to 85.13days.
  • Stock is trading at 5.4 times its book value.

* 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.

Galaxy Bearings News

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