Austin Engineering Company Ltd.
Snapshot View

65.00 +1.30 ▲2.0%

26 July 2021, 10:13:00 A.M.
Volume: 324

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Bearings Compare with Industry peers
Website http://www.aec-bearings.com
Financial Indicators
Market Cap 22.15 Cr.
Earnings per share (EPS) -2.93 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 46.04 Trailing Twelve Months Ending 2021-03
Book Value / Share 147.22 Trailing Twelve Months Ending 2021-03
Price to Book Value 0.43 Calculated using Price: 63.70
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 0.35 Cr. 3,477,800 Shares
FaceValue 10
Company Profile

Austin Engineering Company, founded by five technocrats as a partnership firm in 1973, is an ISO/TS 16949:2002 certified manufacturer of widest range of ball and roller bearings and its components in India without any foreign collaboration.It is located near Junagadh in Gujarat State.

Rapid development and flexible manufacturing system along with effective global delivery network enabled the company to deliver quality products with shorter lead time and competitive prices.

Products of the company

  • Ball Bearings
  • Cylindrical Roller Bearings
  • Needle Roller Bearings
  • Tapered Roller Bearings
  • Spherical Roller Bearings
  • Flexible Roller Bearings
  • Super Precision Bearings
  • Special Purpose Bearings

History of the company

  • 1973: Partnership firm formed by five technocrats. Started manufacturing needle roller cage assemblies with the manpower of 10 and the capital investment of 3500 US Dollars
  • 1974: Started manufacturing cylindrical roller bearings and deep groove ball bearings up to 50mm diameter.
  • 1975: Started manufacturing single row spherical roller bearings.
  • 1978: Partnership firm converted into Private Limited Company. Started manufacturing tapered Roller Bearing up to 100mm diameter.
  • 1980: Manufacturing capacity of all aforesaid bearings increased up to 150mm diameter.
  • 1982: Started supplying bearings for gear box application to Premier Automobiles Limited (FIAT-Italy Collaboration) for passenger cars.
  • 1984: Started supplying case carburized specially heat treated ground components (exclusive supplier) and King-pin bearings to TELCO for light and heavy commercial vehicles.
  • 1985: Converted into Public Llimited Company and offered shares to public.
  • 1986: Started New Plant (Unit II) with installation of machinery and testing/measuring equipment imported from Germany. Started exporting bearings to developed countries such as UK, USA, and Italy.
  • 1987: Started manufacturing import substitute bearings for military tanks and armed vehicles of Indian Defense Department.
  • 1990: Increased manufacturing capacity to 600mm diameter. Started manufacturing double row tapered and spherical roller bearings.
  • 1991: Awarded indefinite rate contract with All India State Road Transport Undertakings (ASRTU) for 78 sizes of bearings for their passengers vehicles.
  • 1993: Started manufacturing flexible roller bearings.
  • 1995: Manufacturing capacity increased to 800mm diameter.
  • 1997: Started manufacturing flush ground single row angular contact ball bearings for US and European Markets.
  • 1998: Started production of four row tapered roller and mutli-row cylinderical roller bearings for roll-neck application in steel plants.
  • 1999: Awarded ISO 9001 Certification for design and manufacturing of all type of rolling bearings from TUV Rheinland.
  • 2000: Established AEC Europe S.R.L in Milan, Italy.
  • 2002: Developed stainless steel (Grade 440C) bearings (for Atomic Energy Plant).
  • 2003: Developed and supplied Screw Down bearing (equivalent to Torrington 202 TTSX 942 EE2000).
  • 2004: Developed Slim bearings (Constant Section Bearings) up to 18 inch. Established Accurate Engineering Inc.(WOS of AEC Ltd.) in USA.
  • 2006: Awarded ISO/TS 16949:2002 Certification for design and manufacturing of all type of rolling bearings from TUV Rheinland.
  • 2008: Developed crossed cylindrical and tapered roller bearings .

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+2.04%
1 Week
-0.23%
1 Month
-6.00%
3 Month
+68.83%
6 Month
+69.93%
1 Year
+103.12%
2 Year
+43.33%
5 Year
+6.64%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 13.70 6.08 6.43 5.38 -2.74 -5.40 -2.26 3.68 -3.08
Return on Capital Employed (%) 18.57 9.00 8.42 8.36 -1.26 -3.45 -0.59 5.41 -1.35
Return on Assets (%) 7.91 3.61 3.91 3.27 -1.66 -3.32 -1.38 2.24 -1.83

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 51 53 56 58 57 53 52 54 52
Non Curr. Liab. 0 0 2 2 3 3 4 5 6
Curr. Liab. 35 35 34 36 33 30 30 29 32
Minority Int.
Equity & Liab. 87 89 91 97 93 87 86 88 91
Non Curr. Assets 16 16 15 14 14 13 12 11 12
Curr. Assets 71 73 77 83 79 74 74 77 79
Misc. Exp. not W/O
Total Assets 87 89 91 97 93 87 86 88 91

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 107 89 90 101 72 72 77 97 72
Other Income 1 1 1 0 2 1 1 1 2
Total Income 108 90 92 102 74 73 78 98 74
Total Expenditure -95 -82 -84 -95 -73 -74 -78 -94 -74
PBIDT 13 8 8 7 0 -1 1 4 0
Interest -1 -1 -1 -1 -1 -1 -1 -1 -1
Depreciation -2 -2 -2 -1 -1 -1 -1 -1 -1
Taxation -3 -1 -1 -1 0 0 0 0 0
Exceptional Items
PAT 7 3 4 3 -2 -3 -1 2 -2

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 2 5 4 -1 2 4 4 0 5
Cash Fr. Inv. -2 -2 -1 -1 -1 0 0 -1 -2
Cash Fr. Finan. -2 -3 -3 2 -3 -3 -2 1 -3
Net Change -2 0 0 0 -2 1 1 0 0
Cash & Cash Eqvt 4 4 3 4 2 3 4 5 5

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 33.80 33.80 33.80 33.80 33.80 33.80 33.80 34.00 34.00
Public 66.20 66.20 66.20 66.20 66.20 66.20 66.20 66.00 66.00
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Thu, 22 Jul 2021
Disclosure Of Related Party Transaction - Reg. 23(9) Of SEBI ( LODR ) Reg. 2015
Attached please find Disclosure of Related Party Transaction on a consolidated basis in the format specified in the accounting standards under Regulation 23(9) for the Half Year ended 31st March 2021

Kindly take the above on record.
Tue, 13 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Attached please find revised Confirmation certificate in the matter of Reg.74(5) of SEBI (DP) Regulation 2018 for the Quarter ended 30th June 2021 revised from R & T Link Intime India Pvt.Ltd.

Note : We already submitted on 10th July 2021 BSE Acknowledgement No. 2975661

Request you to take the above on record.

Mon, 12 Jul 2021
Shareholding for the Period Ended June 30 2021
Austin Engineering Company Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here

Technical Scans View Details

Fri, 23 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Both SRS And ARS Above Zero Both SRS And ARS Above Zero
Close Crossing 20 EMA From Above Close Crossing 20 EMA From Above
ATR Decreasing for 3 Days ATR Decreasing for 3 Days

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