On 6 Nov 2026, Vishal Bearings was priced at ₹47.54, or 279.6× trailing earnings, against an industry P/E of 33.8×, and the shares are 37% below their 52-week high. Sales fell 8.6% a year over 3 years; its ROCE of 6.2% is the lowest among the 7 largest Specialty Industrial Machinery peers. Debt is 1.90× equity. It is a small-cap company with a market cap of ₹51 Cr, ranked 124th of 138 Specialty Industrial Machinery companies by market cap; the shares fell 34% over the past year.
- ₹44.80
- ₹48.24
- ₹44.80
- ₹48.37
- 909
Health check
- ReturnsBehind
−33.7% over a year, better than 1 of 7 peers.
- Price tagPricier
P/E 279.6 vs industry 33.8.
- GrowthShrinking
Sales −8.6% a year over 3 years.
- ProfitabilityWeak
ROCE 6.2% vs peer median 24.8%.
- Balance sheetStretched
Debt 1.90× equity, interest covered 0.8×, Piotroski 5 of 9.
- Red flags5 to check
Return on equity is low at −2.2%.
Small cap
Defensive
Key metrics
- Market cap
- ₹51 Cr
- Small cap
- P/E
- 279.6
- Industry 33.8
- Price to book
- 1.85
- Peers 9.16
- Dividend yield
- 0.00%
- ROE
- −2.2%
- Peers 19.1%
- ROCE
- 6.2%
- Peers 24.8%
- Debt to equity
- 1.90
- Debt ₹61 Cr
- EPS (TTM)
- ₹0.17
- OPM (TTM)
- 12.6%
- Net margin 0.2%
- Sales growth
- +1.9%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.58
- EV/EBITDA 11.0
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at −2.2%.
- Debt is 1.90× equity.
- P/E of 279.6 against an industry P/E of 33.8.
- 37% below its 52-week high.
- Interest coverage of only 2.1×.
About Vishal Bearings
Vishal Bearings Limited engages in manufacturing and sale of bearing rollers in India and Internationally. It offers taper rollers, cylindrical rollers, spherical rollers, and rollers; electric motors, gearboxes, industrial machinery and engineering equipment, as well as generates wind power. The company was incorporated in 1991 and is based in Rajkot, India.
- Headquarters
- Rajkot
- Sector
- Industrials
- ISIN
- INE060T01024
- Website
- vishalbearings.com
Price range
- Avg volume (3M)
- 1.7K
- 1-year return
- minus 33.7%
- From 52-week high
- minus 37.3%
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 86.1 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 19.1% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| VISHALBLVishal Bearings | 47.54 | minus 1.72% | 51 | 279.6 | 11.4 | 6.2% | 12.6% | 1.90 | −8.6% | minus 33.7% |
| Median of 7 peers | – | 0.17% | 1,12,233 | 50.6 | 56.6 | 24.8% | 16.7% | 0.02 | 15.4% | 10.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 22.2 | 21.8 | 20.6 | 23.4 | 22.7 | |
| 21.6 | 17.5 | 20.4 | 18.6 | 20.8 | |
| 0.7 | 4.3 | 0.2 | 4.7 | 1.9 | |
| 3.0% | 19.7% | 1.0% | 20.2% | 8.4% | |
| 0.2 | 0.1 | 0 | 0.1 | 0 | |
| 1.2 | 1.2 | 1.2 | 1.2 | 1 | |
| 1.4 | 1.5 | 1.6 | 1.9 | 1.8 | |
| −1.7 | 1.7 | −2.5 | 1.7 | −0.9 | |
| 2.6% | −6.4% | 1.3% | 6.0% | 7.2% | |
| −1.7 | 1.8 | −2.5 | 1.6 | −0.8 | |
| -1.34 | 1.56 | -2.24 | 1.30 | -0.45 |
Profit & loss
- Sales CAGR 3Y
- −8.6%
- ROE
- −2.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 115 | 96.7 | 86.6 | 87.9 | |
| – | minus 15.9% | minus 10.4% | +1.5% | |
| 95.2 | 86.2 | 78.9 | 78.1 | |
| 19.8 | 10.5 | 7.7 | 9.9 | |
| 17.2% | 10.9% | 8.9% | 11.2% | |
| −0.1 | −0.7 | 0 | 0.2 | |
| 4.1 | 3.2 | 4.6 | 4.8 | |
| 4.7 | 5 | 5.9 | 6.3 | |
| – | – | 0 | 0.2 | |
| 10.9 | 1.6 | −2.7 | −0.8 | |
| 26.3% | 30.3% | 4.5% | 10.2% | |
| 8 | 1.1 | −2.6 | −0.7 | |
| – | minus 86.2% | minus 334.5% | – | |
| 7.30 | 1.97 | -2.40 | -0.66 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.8 | 10.8 | 10.8 | 10.8 | |
| 22.6 | 24.7 | 22.4 | 21.6 | |
| 44.6 | 49.3 | 57.5 | 61.4 | |
| 15.3 | 20 | 15.5 | 18.2 | |
| 93.3 | 105 | 106 | 112 | |
| 28.2 | 32.5 | 34.7 | 44.7 | |
| 3.6 | 0.4 | 1.7 | 4.5 | |
| 2.3 | 3.7 | 4.3 | 1.7 | |
| 0.4 | 0.1 | 0 | 0.1 | |
| 58.7 | 68.1 | 65.5 | 61 | |
| 93.3 | 105 | 106 | 112 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.3 | 10 | 8.7 | 13.9 | |
| −7.2 | −10.6 | −8.2 | −13 | |
| −4 | 0.8 | 0.9 | −0.9 | |
| 0.1 | 0.2 | 1.3 | −0 | |
| −8.2 | −9.2 | −8.2 | −16.3 | |
| 3.1 | 0.7 | 0.5 | −2.4 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.