💰 Financial Performance

Revenue Growth by Segment

Not disclosed in available documents. Revenue is primarily derived from the sale of Thinwall Bearings, Bushings, and Thrust Washers.

Geographic Revenue Split

Not disclosed in available documents. The company exports parts to plants outside India and is enhancing its reach globally.

Profitability Margins

Profit from the Joint Venture (BBL Daido (P) Ltd.) was INR 245.25 Cr for the year ended 31st March 2025. Standalone margins are not explicitly detailed.

Capital Expenditure

Planned capital expenditure was utilized to support performance in the current year, though specific INR values were not disclosed.

Credit Rating & Borrowing

The company has sanctioned working capital limits in excess of INR 5 Cr from banks and financial institutions.

⚙️ Operational Drivers

Raw Materials

Not disclosed in available documents. Typical materials for bearings include steel and copper alloys.

📈 Strategic Growth

Growth Strategy

Growth is targeted through global market expansion, leveraging global sourcing offices in India, and investing in technology to meet matching characteristics for new generation vehicles conforming to stringent emission norms.

Products & Services

Thinwall Bearings, Bushings, and Thrust Washers.

Brand Portfolio

Bimite

New Products/Services

Bearings designed for new emission norms were supplied to OEM customers starting from the previous year.

Market Expansion

The company is exploring global markets and participating in the supply chain for exporting parts to plants outside India.

Strategic Alliances

BBL Daido (P) Ltd. (20% Joint Venture holding with 32,00,000 equity shares).

🌍 External Factors

Industry Trends

The industry is shifting toward EVs, although ICE platforms continue to see development. Emission norms are becoming increasingly stringent, requiring advanced bearing characteristics.

Competitive Landscape

Competition includes global supply bases for automotive components where quality, delivery, and price are critical factors.

Competitive Moat

The company is a member of the Amalgamations Group and maintains a strategic JV with Daido, providing a technology and group-level competitive advantage.

Macro Economic Sensitivity

Sensitivity to automotive industry trends and the alignment of Indian emission standards with global standards.

Consumer Behavior

Acceptance of EVs for inter-city travel is growing, though constrained by charging infrastructure in remote areas.

Geopolitical Risks

Risks associated with global business opportunities and the requirement to meet international OEM warranty standards.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with the Companies Act 2013, Ind AS, and automotive emission standards.

Environmental Compliance

The company has aligned its manufacturing with global emission standards and BS-VI equivalent norms.

Legal Contingencies

No proceedings are pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the rate of EV adoption versus ICE platform growth and the impact on bearing demand.

Geographic Concentration Risk

Manufacturing operations are concentrated in Chennai and Coimbatore, Tamil Nadu.

Third Party Dependencies

Significant influence is held through the 20% voting power in the BBL Daido (P) Ltd. joint venture.

Technology Obsolescence Risk

Risk of obsolescence of traditional ICE bearings due to the traction of electric motive power.

Credit & Counterparty Risk

Working capital returns filed with banks are in agreement with unaudited books, with no material discrepancies observed.