ABC Bearings (Delisted) share price
BSE: 505665
ABC Bearings Ltd. · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Mar 1965
Last traded ₹437.65 on 21 Aug 2018
Delisted on 19 Feb 2019.
Last announcements
The company's own last announcements before its shares stopped trading, routine notices left out.
Aug 2018
Q1 results, quarter to Jun 2018
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
- RevenueRevenue from operations. Money earned from selling the company's goods and services in the period. Revenue from operations in the glossary
- ₹52 Cr−10.5% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Operating profitOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. Operating profit before depreciation (EBITDA) in the glossary
- ₹9.79 Cr+117.6% on a year ago · −3.8% on the quarter before
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- ₹4.27 Cr+502.0% on a year ago · −37.0% on the quarter before
- Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line. Earnings per share in the glossary
- ₹3.70+598.1% on a year ago · −37.1% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, on the quarter before wherever the profit of that quarter was restated, and across a change of basis named under the table, on the lines it affects.
- Operating margin
- 18.9%
- Net margin
- 8.2%
From revenue to net profit, ₹ crore
- Revenue52
- Materials and goods−24
- Employee costs−6.3
- Other expenses−12
- Operating profit9.8
- Depreciation−2.9
- Other income+0.6
- Finance costs−0.4
- Profit before tax7.0
- Tax−2.7
- Net profit4.3
ABC Bearings results by quarter
Standalone: the listed company alone, without its subsidiaries. Latest quarter to Jun 2018. Results for the quarter to Sep 2018 were due by 14 Nov 2018, 45 days after it ends. Every company's dates are on the results calendar.
Revenue and net profit by quarter, ₹ crore
- Revenue
- Net profit
Operating and net margin by quarter, per cent
- Operating margin
- Net margin
| ₹ crore | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 33.6 | 30.2 | 40.8 | 40.5 | 40.0 | 38.7 | 43.9 | 44.2 | 42.7 | 39.9 | 52.8 | 50.3 | 44.2 | 52.6 | 57.9what Revenue from operations, Mar 2017, includes. This period's revenue includes excise duty of ₹5.23 crore, a tax on the goods the company makes that it collects and pays to the government. | 38.8what Revenue from operations, Jun 2017, includes. This period's revenue includes excise duty of ₹4.07 crore, a tax on the goods the company makes that it collects and pays to the government. | 46.6 | 50.0 | 58.0 | 51.9 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. Operating expenses in the glossary | – | 26.3 | 35.7 | 35.1 | 35.1 | 33.1 | 37.8 | 37.9 | 37.1 | 34.4 | 43.4 | 41.1 | 37.5 | 44.8 | 50.1 | 34.3 | 39.8 | 40.9 | 47.8 | 42.1 |
| Materials and goods boughtCost of materials and goods. Raw materials used and goods bought for resale in the period, adjusted for the change in stock held. Cost of materials and goods in the glossary | 15.6 | 15.0 | 22.6 | 21.2 | 20.4 | 15.8 | 21.9 | 22.5 | 21.5 | 20.2 | 25.5 | 24.3 | 15.0 | 23.0 | 26.7 | 16.5 | 22.7 | 23.5 | 27.3 | 24.2 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. Employee costs in the glossary | – | 2.5 | 4.9 | 4.6 | 4.7 | 4.6 | 5.0 | 5.4 | 5.2 | 4.9 | 5.5 | 5.3 | – | – | – | – | 5.8 | 6.2 | 6.0 | 6.3 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. Other expenses in the glossary | – | 8.8 | 8.2 | 9.4 | 10.1 | 12.6 | 11.0 | 10.0 | 10.4 | 9.3 | 12.5 | 11.5 | – | – | – | – | 11.3 | 11.2 | 14.6 | 11.7 |
| Operating profit before depreciation | – | 3.9 | 5.1 | 5.3 | 4.9 | 5.6 | 6.0 | 6.3 | 5.6 | 5.5 | 9.4 | 9.2 | 6.7 | 7.7 | 7.7 | 4.5 | 6.8 | 9.1 | 10.2 | 9.8 |
| Operating margin | – | 12.9% | 12.4% | 13.1% | 12.2% | 14.5% | 13.7% | 14.4% | 13.1% | 13.7% | 17.8% | 18.3% | 15.1% | 14.7% | 13.4% | 11.6% | 14.5% | 18.3% | 17.5% | 18.9% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. Depreciation and amortisation in the glossary | – | 2.5 | 2.4 | 2.8 | 2.9 | 3.1 | 3.0 | 3.2 | 3.1 | 3.1 | 3.2 | 3.2 | 3.3 | 3.0 | 3.1 | 3.0 | 3.0 | 3.0 | 2.9 | 2.9 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. Other income in the glossary | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.0 | 2.0 | 0.6 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. Finance costs in the glossary | 1.3 | 0.5 | 1.2 | 1.2 | 1.4 | 1.4 | 1.6 | 1.7 | 1.6 | 1.7 | 1.5 | 1.2 | 1.3 | 1.3 | 1.3 | 0.6 | 0.6 | 0.6 | 0.4 | 0.4 |
| Profit before one-off items and taxProfit before one-off items and tax. Profit before tax as it would be without the one-off items below it, as the company states it. Profit before one-off items and tax in the glossary | 0.5 | 0.9 | 1.6 | 1.4 | 0.7 | 1.2 | 1.6 | 1.7 | 1.0 | 0.8 | 4.9 | 5.0 | 2.2 | 3.5 | 3.5 | 1.1 | 3.2 | 5.5 | 8.9 | 7.0 |
| One-off itemsExceptional items. Gains or losses the company reports separately because they are not expected to recur, such as selling a business or writing down an asset. Exceptional items in the glossary | – | – | 3.7 | – | – | – | – | – | – | – | – | – | – | – | 3.5 | – | – | – | – | 0.0 |
| Profit before tax | 0.5 | 0.9 | 5.3 | 1.4 | 0.7 | 1.2 | 1.6 | 1.7 | 1.0 | 0.8 | 4.9 | 5.0 | 2.2 | 3.5 | 7.0 | 1.1 | 3.2 | 5.5 | 8.9 | 7.0 |
| 0.2 | 0.3 | 1.8 | 0.5 | 0.2 | 0.3 | −0.4 | 0.5 | 0.3 | 0.3 | 1.7 | 1.7 | 0.8 | 1.2 | 2.1 | 0.4 | 1.1 | 2.0 | 2.1 | 2.7 | |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. Effective tax rate in the glossary | 32.2% | 38.4% | 33.4% | 34.4% | 34.6% | 23.1% | −22.9% | 33.0% | 35.4% | 33.0% | 35.3% | 34.9% | 34.9% | 34.9% | 30.0% | 35.2% | 35.2% | 35.2% | 24.0% | 39.0% |
| Net profit | 0.3 | 0.5 | 3.5 | 0.9 | 0.4 | 0.9 | 1.9 | 1.1 | 0.6 | 0.6 | 3.2 | 3.3 | 1.4 | 2.3 | 4.9 | 0.7 | 2.1 | 3.6 | 6.8 | 4.3 |
| Other comprehensive incomeOther comprehensive income. Gains and losses booked straight to net worth rather than through profit, such as changes in the value of some investments, pension plans and currency translation. Other comprehensive income in the glossary | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 0.0 |
| Total comprehensive incomeTotal comprehensive income. Net profit plus other comprehensive income. Total comprehensive income in the glossary | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 4.3 |
| Net margin | 1.0% | 1.7% | 8.7% | 2.2% | 1.1% | 2.4% | 4.4% | 2.5% | 1.5% | 1.4% | 6.0% | 6.5% | 3.3% | 4.3% | 8.4% | 1.8% | 4.5% | 7.2% | 11.7% | 8.2% |
| Earnings per share | – | – | – | – | – | – | – | – | – | – | – | – | – | – | ₹10.26 | ₹0.53 | ₹1.93 | ₹3.11 | ₹5.88 | ₹3.70 |
Earnings per share in rupees, restated for later splits and bonuses.
The quarters either side of a change of basis do not compare. From the quarter to Mar 2017, the company's revenue for the year to Mar 2017, ₹211 Cr, differs from its quarters added, ₹205 Cr. From the quarter to Sep 2017, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.
10 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. Operating margin in the glossary
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
The years either side of a change of basis do not compare. From the year to Mar 2017, the company's revenue for that year, ₹211 Cr, differs from its quarters added, ₹205 Cr.
Results for the year to Mar 2018
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue193
- Operating expenses−163
- Operating profit31
- Depreciation−12
- Other income+2.3
- Finance costs−2.2
- Profit before tax19
- Tax−5.6
- Net profit13
Profit and loss
Standalone, ₹ crore, years to March. The last column is the twelve months to Jun 2018, the latest four quarters added.
| ₹ crore | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Jun 2018Twelve months |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 134 | 164 | 205 | 177 | 149 | 141 | 163 | 180 | 211what Revenue from operations, Mar 2017, includes. This period's revenue includes excise duty of ₹21 crore, a tax on the goods the company makes that it collects and pays to the government. | 193what Revenue from operations, Mar 2018, includes. This period's revenue includes excise duty of ₹4.07 crore, a tax on the goods the company makes that it collects and pays to the government. | 207 |
| 110 | 133 | 158 | 148 | 130 | 125 | 141 | 152 | 179 | 163 | 171 | |
| Materials and goods bought | 65 | 82 | 90 | 85 | 72 | 72 | 79 | 90 | 89 | 90 | 98 |
| Employee costs | – | – | – | 19 | 21 | 18 | 19 | 21 | – | – | 24 |
| Other expenses | – | – | – | 44 | 37 | 35 | 43 | 42 | – | – | 49 |
| Operating profit before depreciation | 25 | 31 | 46 | 29 | 19 | 17 | 22 | 27 | 31 | 31 | 36 |
| Operating margin | 18.5% | 18.8% | 22.6% | 16.5% | 12.9% | 12.0% | 13.2% | 15.2% | 14.9% | 15.8% | 17.4% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. Materials, % of revenue in the glossary | – | – | – | 48.0% | 48.0% | 50.7% | 48.7% | 50.0% | – | – | 47.3% |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. Employee costs, % of revenue in the glossary | – | – | – | 10.5% | 14.3% | 12.7% | 11.6% | 11.6% | – | – | 11.7% |
| Other expenses, % of revenueOther expenses, % of revenue. Operating costs besides materials and staff divided by revenue, times 100; with the two above and the operating margin it makes 100. Other expenses, % of revenue in the glossary | – | – | – | 24.9% | 24.8% | 24.6% | 26.4% | 23.2% | – | – | 23.6% |
| Depreciation and amortisation | 5 | 4 | 4 | 6 | 9 | 10 | 12 | 13 | 13 | 12 | 12 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. Operating profit after depreciation (EBIT) in the glossary | 20 | 27 | 42 | 23 | 11 | 7 | 10 | 15 | 19 | 19 | 24 |
| Other income | 2 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 2 | 3 |
| Finance costs | 11 | 1 | 1 | 1 | 3 | 4 | 6 | 7 | 5 | 2 | 2 |
| Profit before one-off items and tax | 11 | 26 | 42 | 22 | 8 | 3 | 5 | 8 | 14 | 19 | 25 |
| One-off items | −1 | 5 | – | – | – | 4 | – | – | 4 | – | – |
| Profit before tax | 10 | 31 | 42 | 22 | 8 | 7 | 5 | 8 | 18 | 19 | 25 |
| 4 | 10 | 14 | 7 | 3 | 2 | 1 | 3 | 6 | 6 | 8 | |
| Net profit | 7 | 21 | 28 | 15 | 5 | 5 | 4 | 5 | 12 | 13 | 17 |
| Net margin | 4.9% | 12.5% | 13.8% | 8.7% | 3.5% | 3.3% | 2.6% | 3.1% | 5.6% | 6.8% | 8.1% |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2009, Mar 2010, Mar 2011, Mar 2017 and Mar 2018 they do not, so they are left blank.
Ratios
Standalone, years to March.
| Ratio | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growthRevenue growth. This year's revenue less last year's, divided by last year's, times 100; blank where last year's is not above nought. Revenue growth in the glossary | −19.0% | 22.0% | 24.9% | −13.6% | −15.5% | −5.4% | 15.0% | 10.4% | – | −8.2% |
| Operating profit growthOperating profit growth. This year's operating profit before depreciation less last year's, divided by last year's, times 100; blank where last year's is not above nought. Operating profit growth in the glossary | −31.2% | 24.1% | 50.6% | −36.9% | −34.1% | −12.1% | 27.2% | 26.7% | – | −2.2% |
| Net profit growthNet profit growth. This year's net profit less last year's, divided by last year's, times 100; blank where last year's is not above nought. Net profit growth in the glossary | −58.7% | 212.5% | 37.6% | −45.7% | −65.4% | −12.7% | −9.7% | 31.1% | 116.2% | 11.6% |
| Earnings per share growthEarnings per share growth. This year's earnings per share less last year's, on the same share count, divided by last year's, times 100; blank where last year's is not above nought. Earnings per share growth in the glossary | – | – | – | – | – | – | – | – | – | 11.6% |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. Interest cover in the glossary | 1.8 | 38.1 | 78.6 | 15.8 | 3.4 | 1.8 | 1.7 | 2.1 | 3.6 | 8.4 |
Revenue growth and operating profit growth are left blank for the year to Mar 2017: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out.
Growth and returns over 3, 5 and 10 years
Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2018.
| Measure | 10 years | 5 years | 3 years |
|---|---|---|---|
| Profit growth, yearly rateProfit growth, yearly rate. 3 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | −1.8% | 20.0% | 46.8% |
| Operating margin, averageOperating margin, average. 3 years: The plain average of the yearly operating profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly operating profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly operating profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 16.0% | 14.2% | 15.3% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 6.5% | 4.3% | 5.2% |
| Interest cover, averageInterest cover, average. 3 years: The plain average of the yearly interest cover over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly interest cover over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly interest cover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 15.5 | 3.5 | 4.7 |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Effective tax ratePublished threshold 17.16 per cent | 36.34 | 33.76 | 32.75 | 31.42 | 32.09 | 33.91 | 13.06 | 34.64 | 32.97 | 29.90 |
A threshold marked as ours has no published figure; it is the line we read the check against.
Business segments
In the quarter to Jun 2018 the company reports one business segment, Business of Bearings, which carries all its revenue.
Where the return came from
Yearly rates to Mar 2018, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +144.0% | +11.6% | +118.7% | 0.0% |
| 3 years | +44.4% | – | – | 0.0% |
| 5 years | +45.4% | – | – | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 1 year includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2017.
ABC Bearings share price by year
Each calendar year to 2018.
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2018 | 437.65 | −15.7% | 554.45 | 394.85 |
| 2017 | 519.00 | +245.5% | 519.00 | 152.55 |
| 2016 | 150.20 | +23.0% | 194.90 | 86.90 |
| 2015 | 122.10 | −14.2% | 164.00 | 97.90 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2018 close is its last trade, on 21 Aug 2018.
Recent sessions
The 10 trading days to 21 Aug 2018, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 21 Aug 2018 | 430.00 | 444.00 | 425.00 | 437.65 | 436.54 | 3,119 |
| 20 Aug 2018 | 430.00 | 463.90 | 430.00 | 436.85 | 443.42 | 7,133 |
| 17 Aug 2018 | 430.00 | 430.00 | 420.00 | 421.50 | 421.26 | 5,047 |
| 16 Aug 2018 | 432.95 | 432.95 | 420.00 | 422.00 | 421.51 | 1,994 |
| 14 Aug 2018 | 425.00 | 434.95 | 420.10 | 423.90 | 424.80 | 1,492 |
| 13 Aug 2018 | 427.45 | 434.95 | 407.00 | 429.20 | 425.77 | 1,074 |
| 10 Aug 2018 | 407.05 | 443.25 | 407.05 | 427.45 | 425.26 | 1,009 |
| 9 Aug 2018 | 415.65 | 419.50 | 400.05 | 406.70 | 412.48 | 578 |
| 8 Aug 2018 | 415.05 | 420.60 | 415.05 | 415.55 | 418.09 | 669 |
| 7 Aug 2018 | 415.30 | 420.00 | 415.05 | 415.05 | 415.25 | 150 |
Prices in ₹ per share as traded, not adjusted.
Company details
- BSE code
- 505665
- ISIN
- INE779A01011
- Website
- www.abcbearings.com
- CIN
- L29130MH1961PLC012028
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1961
- Registered office
- 402 - B, Poonam Chambers, , Dr Annie Besant Road, Worli, Mumbai 400018, Maharashtra
- Share registrar
- Bigshare Services Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments