Company Overview

Bimetal Bearings Limited reported consolidated financial results for FY2025-2026 showing steady growth with net profit increasing 4% year-over-year to ₹11.72 crore and revenue surging 24% to ₹296.98 crore. The company operates primarily in the auto components sector with two reportable segments: Engine Bearings/Bushings (₹265.77 crore revenue) and Engineering/Project Services (₹31.21 crore revenue).

Financial Performance Highlights

Profit & Loss Statement:

  • Revenue from Operations: ₹29,698.36 lakhs (PY: ₹23,907.82 lakhs) - 24% increase
  • Profit Before Tax: ₹1,540.68 lakhs (PY: ₹1,181.50 lakhs) - 30% increase
  • Profit After Tax: ₹1,172.04 lakhs (PY: ₹1,125.15 lakhs) - 4% increase
  • Earnings Per Share: ₹30.64 (PY: ₹29.42)

Balance Sheet Strength:

  • Total Assets: ₹30,072.06 lakhs (Previous year: ₹27,954.08 lakhs)
  • Total Equity: ₹22,911.92 lakhs (Previous year: ₹22,551.24 lakhs)
  • Cash and Cash Equivalents: ₹178.64 lakhs (Previous year: ₹99.40 lakhs)

Cash Flow Performance:

  • Cash from Operating Activities: ₹1,685.81 lakhs (Previous year: ₹1,228.99 lakhs)
  • Capital Expenditure: ₹1,268.04 lakhs added to property, plant and equipment
  • Dividend paid: ₹497.25 lakhs (Previous year: ₹478.13 lakhs)

Dividend Declaration & AGM Details

The Board recommended a final dividend of ₹13.50 per share totaling ₹5.16 crore, subject to shareholder approval at the 65th Annual General Meeting scheduled for July 20, 2026. The AGM will be conducted via video conference and will address several key resolutions including adoption of financial statements, dividend declaration, re-appointment of Chairman A. Krishnamoorthy, ratification of cost auditor remuneration, and approval of related party transactions with joint venture BBL Daido Private Limited up to ₹50 crore.

Operational & Segment Performance

The company demonstrated strong operational performance with all industry segments showing higher volumes. The automotive market witnessed growth across passenger vehicles (7.9%), two-wheelers (10.7%), and commercial vehicles (12.6%). The company achieved product growth of 14% and overall growth of 15% across segments, though facing challenges from input cost increases in steel, non-ferrous metals, and petroleum products due to geopolitical conflicts.

Joint Venture Performance

BBL Daido Private Limited, the joint venture where Bimetal holds 20% stake, reported:

  • Turnover: ₹20,996.64 lakhs (PY: ₹18,404.90 lakhs)
  • Profit Before Tax: ₹1,267.25 lakhs (PY: ₹1,747.90 lakhs)
  • Profit After Tax: ₹955.69 lakhs (PY: ₹1,214.32 lakhs)
  • Carrying amount of investment: ₹1,392.71 lakhs

Corporate Governance & Compliance

The company maintained full compliance with SEBI LODR regulations, with a board composition of 6 directors (3 independent, 1 non-executive, 1 whole-time, 1 chairman). The company spent ₹25.00 lakhs on CSR activities during the year and maintained proper audit compliance with unmodified opinions from statutory and secretarial auditors.

Shareholder Information

  • Total Shares: 38,25,000 equity shares of ₹10 each
  • Promoter Holding: 74.87%
  • Public Shareholding: 23.40%
  • Demat Holdings: 95.01% of total share capital
  • Remote e-Voting Period: July 17-19, 2026 for AGM resolutions