Vishal Bearings Ltd.
Snapshot View

35.00 -0.30 ▼-0.9%

30 July 2021, 04:00:00 P.M.
Volume: 175

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Bearings Compare with Industry peers
Website http://www.vishalbearings.com
Financial Indicators
Market Cap 37.77 Cr.
Earnings per share (EPS) 0.37 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 94.90 Trailing Twelve Months Ending 2021-03
Industry PE 47.60 Trailing Twelve Months Ending 2021-03
Book Value / Share 17.10 Trailing Twelve Months Ending 2021-03
Price to Book Value 2.05 Calculated using Price: 35.00
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 1.08 Cr. 10,791,000 Shares
FaceValue 10
Company Profile

Vishal Bearings was incorporated in the year of 1991 by its founder member, Gordhanbhai Changela and started manufacturing customized Bearing rollers in Unit I in the year 1992 in the state of Gujarat. The company made further expansion by establishing Unit II in the year 1995. The company has over 20 years of experience of operating in India. It supplies its finished Bearing rollers and products across India to reputed bearing manufactures and OEMs in domestic market for end users in diverse industries such as rail, light vehicles, off-highway, heavy trucks, industries classified as automobile industries, and heavy industries, industrial processes, gear drives, energy and industrial distribution, as segments within the process industries’ and also export its products to customers based outside India for end users in diverse industries. The company is also exporter of cylindrical roller which cater the requirements of international customers in Germany, Hungary, Turkey etc. in diverse industries such as, automotive and Hydraulics. Over the years, the company has also ventured into power generation business by installing wind mill in year 2010-11 at KotdaPitha in Amreli, Gujarat with a commissioned capacity of 0.25MW and is currently used for its captive consumption.

The company has its production manufacturing facility unit which is located at Shapar (Veraval), Rajkot, Gujarat having a total area of approximately 5624.28 sq. meters. This facility for manufacturing of Bearing Rollers have been recognized for its quality Management System with ISO/TS 16949:2009 and ISO 9001:2008 for Environmental Management System with ISO 14001:2004 and recognized for Health and Safety Management System with OHSAS 18001:2007 by United Registrar of System (URS) Certification.

The company has long-term and stable relationships developed over the years with its key suppliers of raw materials and its key customers although it does not has formal contracts. The company’s key suppliers are ASCOINDUSTRIES SAS France, Dongbu Special Steel Co. and Overseas Alloy Steel etc. The company’s major customers include NRB Bearings, SKF India, Turbo Bearings, Texspin Bearings, NRB Industrial Bearing, TIMKEN, National Engineering Industries, Turbo Industries, INAPEX etc.

Business area of the company

The company is manufacturer of taper rollers, cylindrical rollers, spherical rollers and certain components of taper rollers and is one of the key players in the list of finished roller manufacturers in India. Over the years the company has developed expertise and upgraded its technology by adding several automatic and imported machineries and equipments to the plant, which has helped it boosting its production capacity and the quality of its products. With its quality manufacturing, the company has been identified as Direct Online Supplier for cold headed components-Rollers by National Engineering Industries, Jaipur (NBC Bearings), a CK Birla Group Company where its products go directly for manufacturing of bearings without checks on quality and specifications.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-0.85%
1 Week
-1.96%
1 Month
-2.78%
3 Month
+28.21%
6 Month
+23.46%
1 Year
+46.44%
2 Year
+29.63%
5 Year
+171.53%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 63.04 44.90 54.59 48.10 5.44 9.51 32.70 42.59 0.06
Return on Capital Employed (%) 23.53 22.43 24.32 23.59 8.24 9.60 20.88 28.30 5.53
Return on Assets (%) 7.66 5.47 6.86 6.62 1.08 2.35 8.63 12.49 0.02

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 2 2 3 5 8 9 12 18 18
Non Curr. Liab. 10 11 12 16 16 17 20 22 25
Curr. Liab. 2 5 7 10 9 9 12 19 17
Minority Int.
Equity & Liab. 14 18 23 30 34 36 44 59 60
Non Curr. Assets 9 10 11 16 17 17 20 22 22
Curr. Assets 6 9 12 14 17 18 23 37 38
Misc. Exp. not W/O
Total Assets 14 18 23 30 34 36 44 59 60

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 16 19 21 27 23 33 55 81 52
Other Income 0 0 0 1 0 1 1 0 1
Total Income 16 19 21 28 23 34 57 81 53
Total Expenditure -12 -15 -16 -22 -19 -28 -47 -66 -46
PBIDT 4 4 5 6 4 6 10 16 7
Interest -1 -2 -2 -2 -2 -2 -3 -3 -3
Depreciation -1 -1 -1 -2 -2 -3 -3 -3 -4
Taxation 0 -1 -1 -1 0 0 -1 -3 0
Exceptional Items
PAT 1 1 1 2 0 1 3 6 0

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. 3 1 5 4 -1 5 5 -1 4
Cash Fr. Inv. -1 -2 -2 -7 -3 -3 -5 -5 -4
Cash Fr. Finan. -2 1 -2 2 5 -1 -2 5 0
Net Change 0 0 1 -1 1 1 -2 0 0
Cash & Cash Eqvt 0 0 1 1 1 2 0 0 0

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 70.41 70.41 70.41 70.41 70.41 70.41 70.41 70.41 70.41
Public 29.59 29.59 29.59 29.59 29.59 29.59 29.59 29.59 29.59
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

Fri, 23 Jul 2021
NON-APPLICABILITY OF REGULATION 23(9) OF SEBI (LODR) REGULATIONS 2015 REGARDING DISCLOSURE ON RELATED PARTY TRANSACTIONS FOR THE HALF YEAR ENDED ON MARCH 31 2021
Pursaunt to clause (a) of sub-regulation (2) of Regulation 15 of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 the provision of corporate governance is not applicable on the Company as the paid up equity share capital and net worth of the Company is below the threshold limit as on the last day of previous financial year as provided in the said regulation.

You are requested to please take note of the same on your record.
Fri, 16 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations 2018 we enclose herewith a confirmation certificate received from KFIN Technologies Private Limited the Registrar and Transfer Agent of the Company for the quarter ended June 31 2021.

You are requested to please take note of the same on your record.
Fri, 16 Jul 2021
ANNUAL DISCLOSURE OF NON-APPLICABILITY OF PURSUANT TO SEBI CIRCULAR SEBI/HO/DDHS/CIR/P/2018/144 DATED NOVEMBER 26 2018 WITH REGARD TO FUND RAISING BY ISSUANCE OF DEBT SECURITIES BY LARGE ENTITIES
With reference to above SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018 in respect of fund raising by issuance of debt securities by Large Corporate (LC) and disclosure compliance thereof by the Large Corporates (LC) We hereby declare and confirm that our company VISHAL BEARINGS LIMITED is not a Large Corporate (LC) as per the framework and applicability criteria provided under the aforesaid SEBI circular.

You are requested to please take note of the same on your record.

Technical Scans View Details

Fri, 30 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Thu, 29 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index

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