Asian Bearing Ltd

Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 58
Rank 58
Rank 65
Dividend Yield
Rank 42
Rank 78
Price To Book Ratio
Rank 49
Debt To Asset
Rank 65

Company Information

Promoted by Tamil Nadu Industrial Corporation TIDCO in a joint venture with S M Palaniappa Chettiar Asian Bearings manufactures ball and roller bearings of all kinds. It entered into a technical collaboration with VEB Kombinat Waelzlager Und Normteile an amalgamation of bearing companies in Germany which markets bearings under the brand name DKF. Under the agreement the collaborators were to supply all technical knowhow and provide designs drawings etc to manufacture ball taper and cylindrical roller bearings.The companys products find applications in motors handpumps idlers machinery and the automobile industry. It also manufactures components like nuts blanks and rings for the textile industry and also supplies bearing rings to other manufacturers. The companys major customers are HMT Kirloskar Bros Enfield Mahindra Mahindra Tractors Escorts NLC Bhilai Steel Plant Crompton Greaves Hindustan Sheet Metals etc.In order to step up production of taper roller bearings the company initiated selfmanufacture of rollers and cages. During 198688 it came under the purview of sick industrial companies and reference was made to BIFR. In 198889 the companys rehabilitation scheme was accepted by BIFR and a relief package sanctioned. In 199394 it staged a remarkable turnaround and recorded a marginal profit against the losses made the previous years.During 199798 the Company shifted its concentration to Export of Bearings and Auto Components. The company is exploring export possibilities in USA UK South Africa New Zealand etc. It also acquired QS 9000 certification and ISO 9001 certificate from the earlier ISO 9002 during 199899.ABL has developed polyamide shields to replace metallic shields and also special polyamide retainers replacing metallic retainers for high speed applications for ball bearings.
OrganisationAsian Bearing Ltd
IndustryAuto Ancillaries