Bimetal Bearings Ltd

Bimetal Bearings Ltd (BIMETAL)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-7.83 %
3 Month Return-12.7 %
1 Year Return-5.96 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 1
Rank 1
Rank 1
Dividend Yield
Rank 1
Rank 1
Price To Book Ratio
Rank 1
Debt To Asset
Rank 2

Company Information

Bimetal Bearings Ltd 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 thinwalled bearings bushings and thrust washers bimetallic strips and alloy powder. 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.Bimetal Bearings Ltd was incorporated on April 19 1961 and was converted into a public limited company on September 5 1961. The company was established in collaboration with Clevite Corporation USA and Repco Ltd Australia.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 199596 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 200001 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 Lloyds Register Quality Assurance LRQA a status which is bound to enhance the confidence level of domestic and international customers in the companys products.During the year 200102 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 200203.
OrganisationBimetal Bearings Ltd