Bimetal Bearings Ltd

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NSEBSE
Stock not tradded

576.25-6.65 (-1.14%)

04:01 PM,1st Mar 2024

BSE : 505681

NSE : BIMETAL

Sector : Engineering

ISIN Code : INE469A01019

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Last Updated: Mar 01 2024 | 04:01 PM IST

Market Cap (₹ Cr)

0

Turnover (₹ Cr)

0.00

Volume (Shares)

Face Value

10

52-WK High

0.00

52-WK High Date

Invalid date

52-WK Low

0.00

52-WK Low Date

Invalid date

All Time High

500.00

All Time High Date

19 Jun 1996

All Time Low

67.05

All Time Low Date

11 Feb 1999

Bimetal Bearings Ltd

Bimetal Bearings Limited was incorporated on April 19 1961 . The company was established in collaboration with Clevite Corporation USA and Repco Ltd Australia. The Company is a major engine bearings producer in India. The company is engaged in manufacturing and selling of bearings bushings and thrust washers. Their products include thin-walled bearings bushings and thrust washers bimetallic strips and alloy powder. BBL is one of India's leading manufacturers of Engine Bearings Bushings Thrust Washers Alloy Powder and Bimetallic Strips. The Company is a member company of the Amalgamations group one of India's largest light engineering conglomerates. The Amalgamations group serves a cross section of Indian industry covering manufacturing trading distribution printing and publishing.The Company plants are located at Chennai Coimbatore and Hosur. The manufacturing infrastructure consists of a strip mill plant in Chennai with an installed capacity of 1200 TPA bearing plant at Coimbatore and Hosur producing 1.2 million half shells per month and a thrust washer and bushing plant at Chennai with a capacity of 1 million pieces per month.In the year 1969 Clevite Corporation USA merged with Gould Inc USA and hence the shares held by Clevite in the company were transferred to Gould. In the year 1975 the company entered into a patent and technical service agreement with Gould Inc. USA in which the company was permitted to manufacture such items after the expiry of collaboration without any additional payments. In the year 1983 the company signed an export contract with Auto Exports of Russia for the supply of thin walled engine bearings. In June 1985 the company implemented the second phase of expansion at their bearings plants and stared their commercial production. In the year 1991 the company partially developed infrastructure facilities for manufacture of heavy and large diameter bearings to cater to the requirements of railways. During the year 1995-96 the aluminium tin cladding facility in the strip mill plant at Chennai commenced its production. In the year 2000 the company undertook upgrading their alloy plating facilities at Hosur and the alloy power strip mill facilities were fully geared to meet the export requirements.During the year 2000-01 the company with a view to reduce dependence on import of materials and increasing the access to emerging markets has entered into a Technology Transfer Agreement with Daido Metal Company Ltd Japan. In addition the company attained the coveted QS 9000:1998 certification for all its plants from Lloyd?s Register Quality Assurance - LRQA a status which is bound to enhance the confidence level of domestic and international customers in the company's products.During the year 2001-02 the company in association with Daido Metal Co Ltd Japan promoted a joint venture company BBL Daido (P) Ltd for the manufacture of polymer bearing products. They commenced their operations in the end of the financial year 2002-03.During the year 2014-15 the Company invested upto 24.19% in the capital of IPL Green Power Limited on 4th August 2014 making it as anAssociate Company.

Bimetal Bearings Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

220

EPS - TTM (₹) [S]

22.69

P/E Ratio (X) [S]

1.07

Face Value (₹) 10
Latest Dividend (%)125.00
Latest Dividend Date 14 Jul 2023
Dividend Yield (%) 2.17
Book Value Share (₹) [S]536.27
P/B Ratio (₹) [S]1.07
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

574.35

584.00

Week Low/High

563.20

587.00

Month Low/High

549.60

608.00

Year Low/High

368.00

730.00

All time Low/High

67.25

730.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week0.84%%0.820.57%
1 Month-3.15%%2.932.96%
3 Month-4.64%%9.2810.22%
6 Month-8.54%%12.7814.94%
1 Year43.86%%24.1328.01%
3 Year69.49%%47.9351.33%

Company Info

Company Information

Managing Director : A Krishnamoorthy

Independent Director : Krishna Srinivasan

Independent Director : R Vijayaraghavan

Company Sec. & Compli. Officer : K Vidhya Shankar

Whole-time Director : S Narayanan

Non Executive Director : Pasalai Sankaran Rajamani

Independent Director : Rashmi Hemant Urdhwareshe

Registered Office: Huzur Gardens Sembium, ,Chennai,Tamil Nadu-600011 Ph: 91-44-25375581

Email:vidhyashankar@bimite.co.in

URL:http://www.bimite.co.in