How has been the historical performance of the Deccan Bearings?

Deccan Bearings has faced a severe decline in financial performance, with net sales dropping to Rs 0.00 crore in March 2024 from Rs 3.46 crore in March 2018, resulting in consistently negative profits and a book value per share of Rs 0.

Answer:<BR>The historical performance of Deccan Bearings shows a significant decline in net sales and profitability over the years. In March 2024, the company reported net sales of Rs 0.00 crore, a decrease from Rs 0.01 crore in March 2023 and Rs 0.02 crore in March 2022. The total operating income followed a similar trend, dropping from Rs 0.98 crore in March 2021 to Rs 0.00 crore in March 2024. The total expenditure, excluding depreciation, also decreased to Rs 0.22 crore in March 2024 from Rs 1.29 crore in March 2021. Consequently, the operating profit (PBDIT) turned negative, reaching -Rs 0.17 crore in March 2024, compared to -Rs 0.23 crore in March 2021. The profit before tax and profit after tax also remained negative, with figures of -Rs 0.18 crore and -Rs 0.18 crore respectively in March 2024. The company's net profit has consistently been negative, culminating in -Rs 0.18 crore in March 2024. Furthermore, the book value per share adjusted significantly, dropping to Rs 0 in March 2024 from Rs 1.9 in March 2023.<BR><BR>Breakdown:<BR>Deccan Bearings has experienced a drastic decline in financial performance over the past several years. Net sales have fallen from Rs 3.46 crore in March 2018 to Rs 0.00 crore in March 2024, indicating a complete halt in revenue generation. Total operating income has similarly plummeted, with a high of Rs 0.98 crore in March 2021, but dropping to zero in the latest fiscal year. The company’s total expenditure has also decreased, yet it remains substantial relative to the negligible income, resulting in negative operating profits that have worsened over the years. The operating profit margin has shifted from negative percentages to a complete loss in March 2024. The net profit has consistently been negative, with the most recent figure at -Rs 0.18 crore, reflecting ongoing financial distress. The book value per share has also deteriorated, indicating a significant decline in shareholder equity.

how big is Deccan Bearings?

As of May 05, Deccan Bearings Ltd has a market capitalization of 22.00 Cr, categorizing it as a Micro Cap company, with recent net sales of 0.00 Cr and a net profit of -0.15 Cr over the last four quarters. Shareholder's funds are 0.24 Cr, and total assets amount to 0.29 Cr as of the latest annual period ending in Mar'24.

Market Cap: As of May 05, Deccan Bearings Ltd has a market capitalization of 22.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters, which includes Sep'24, Jun'24, Mar'24, and Dec'23, is 0.00 Cr. The sum of Net Profit for the same quarters is -0.15 Cr. This data is presented on a Standalone basis.<BR><BR>Balance Sheet Snapshot: This is Standalone data for the latest annual period ending in Mar'24. The Shareholder's Funds are reported at 0.24 Cr, and the Total Assets amount to 0.29 Cr.

When is the next results date for Deccan Bearings?

No Upcoming Board Meetings

Is Deccan Bearings overvalued or undervalued?

As of November 12, 2024, Deccan Bearings is considered "risky" and overvalued with a PE ratio of -21.53 and an EV to EBIT of -21.46, despite a strong one-year stock return of 70.45%, indicating significant financial distress compared to its peers.

As of 12 November 2024, Deccan Bearings has moved from a grade of "does not qualify" to "risky." The company is currently overvalued, indicated by a PE ratio of -21.53 and an EV to EBIT of -21.46. Additionally, the ROCE stands at -22.00%, highlighting significant financial distress.<BR><BR>In comparison to its peers, Deccan Bearings' valuation metrics are starkly unfavorable. For instance, MMTC has a PE ratio of 119.39, while PTC India is valued attractively with a PE of 9.02. The stark contrast in these ratios suggests that Deccan Bearings is not only underperforming but also carries a higher risk profile than its industry counterparts. Despite a remarkable one-year stock return of 70.45% compared to the Sensex's 7.61%, the underlying financial ratios indicate that the stock is not justified at its current price of 103.53.

What is the technical trend for Deccan Bearings?

As of April 24, 2025, Deccan Bearings shows a mildly bullish trend overall, supported by daily moving averages and Bollinger Bands, despite mixed signals from the MACD, RSI, and KST.

As of 24 April 2025, the technical trend for Deccan Bearings has changed from bullish to mildly bullish. The weekly MACD is mildly bearish, while the monthly MACD remains bullish, indicating mixed signals. The RSI is bearish on both the weekly and monthly time frames, suggesting weakness in momentum. Bollinger Bands show a mildly bullish stance on both weekly and monthly charts, which supports the current price action. Daily moving averages are bullish, indicating short-term strength. However, the KST is mildly bearish weekly and bullish monthly, adding to the mixed outlook. Dow Theory and OBV show no trend in both weekly and monthly time frames. Overall, the current technical stance is mildly bullish, driven primarily by daily moving averages and Bollinger Bands, despite the bearish signals from the RSI and KST on the weekly time frame.

Why is Deccan Bearings falling/rising?

As of 13-Nov, Deccan Bearings Ltd is priced at Rs. 108.50, reflecting a 0.00% movement and a new 52-week high. The stock has significantly outperformed its sector and the benchmark over the last three years, indicating positive investor sentiment despite some volatility in trading patterns.

As of 13-Nov, Deccan Bearings Ltd is currently priced at Rs. 108.50, with no change in price, reflecting a 0.00% movement. The stock reached a new 52-week high of Rs. 108.50 today and outperformed its sector by 5.03%. It opened with a gain of 4.8% and has maintained this price throughout the trading session. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, there has been a significant increase in investor participation, with delivery volume rising by 1438.85% compared to the 5-day average. However, the stock has shown erratic trading patterns, not trading on 5 out of the last 20 days, which may indicate some volatility.<BR><BR>In the broader market context, the Sensex has shown a positive return of 1.40% over the past week and 2.61% over the past month. While specific short-term returns for Deccan Bearings are not available, the stock has significantly outperformed the benchmark over the last three years with a return of 123.02% compared to the Sensex's 36.71%. The strong performance and rising investor interest suggest a positive sentiment around Deccan Bearings, despite the erratic trading history.

Which are the latest news on Deccan Bearings?