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Swing Capital

Bimetal Bearings Ltd

NSE: BIMETAL BSE: 505681

Incorporated in 1961, Bimetal Bearings Ltd manufactures Engine Bearings, Bushings, Thrust Washers, Alloy Powder and Bimetallic Strips[1]

₹556
52W: ₹491 — ₹690
PE 21.2 · Book ₹585 · -5% vs book
Market Cap₹213 Cr
Stock P/E21.2Price to Earnings
ROCE5.42%Return on Capital
ROE4.78%Return on Equity
Div. Yield2.34%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Stock is trading at 0.94 times its book value
  • +Company has delivered good profit growth of 50.4% CAGR over last 5 years
  • +Company has been maintaining a healthy dividend payout of 51.4%

Weaknesses

  • −The company has delivered a poor sales growth of 9.90% over past five years.
  • −Company has a low return on equity of 4.61% over last 3 years.
  • −Earnings include an other income of Rs.5.80 Cr.

Shareholding Pattern

Promoters74.87%
FIIs0%
DIIs0%
Public25.12%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.88%74.88%74.88%74.88%74.88%74.88%74.88%74.87%▼0.0
FIIs0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%
Public25.12%25.11%▼0.025.12%▲0.025.11%▼0.025.12%▲0.025.12%25.12%25.12%

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales5955.0360.8158.2862.6154.0864.1171.6667.1463.91
Expenses55.3653.9657.5853.659.4751.8760.0866.2563.8261.7
Operating Profit3.641.073.234.683.142.214.035.413.322.21
OPM %6.17%1.94%5.31%8.03%5.02%4.09%6.29%7.55%4.94%3.46%
Net Profit2.530.812.232.962.372.952.113.692.481.77
EPS ₹6.612.125.837.746.27.715.529.656.484.63

AI Insights

Revenue Trend

TTM revenue at ₹267Cr, up 11.7% YoY. OPM at 6%.

Debt Position

Borrowings at ₹1Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Capex Cycle

CWIP at ₹1Cr (1% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 74.87%.

Margin & Efficiency

ROCE improving from 4% (Mar 2014) to 5% (Mar 2025). Working capital days: 101.

Valuation

PE 21.2x with 5.42% ROCE. Price is -5% above book value of ₹585. Dividend yield: 2.34%.

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