Satani Bearings

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 Ltd falling/rising?

As of 13-Mar, the stock price of Satani Bearings Ltd is at 307.15, unchanged from the previous session. The stock has recently reversed its upward trend after 20 days of gains, underperformed its sector, and seen a significant drop in investor participation, suggesting a cautious outlook in the short term.

As of 13-Mar, the stock price of Satani Bearings Ltd is currently at 307.15, showing no change from the previous trading session. Despite this stability in price, the stock has recently experienced a trend reversal, having fallen after 20 consecutive days of gains. This indicates a potential shift in momentum. Additionally, the stock has underperformed its sector by 1.82% today, which could contribute to a negative sentiment among investors.<BR><BR>Moreover, there has been a significant decline in investor participation, with delivery volume dropping by 84.84% compared to the 5-day average. This decrease in trading activity may suggest waning interest from investors, which can further pressure the stock price. <BR><BR>While the stock is trading above its moving averages, indicating a generally positive trend over the longer term, the recent performance and declining participation could be factors leading to a cautious outlook for the stock in the short term. Thus, the combination of a trend reversal, underperformance against the sector, and falling investor participation are contributing to the current dynamics surrounding Satani Bearings Ltd's stock price.

Why is Deccan Bearings Ltd falling/rising?

As of 14-Mar, the stock price of Satani Bearings Ltd is currently at 307.15, showing no change from the previous trading session. Despite strong year-to-date growth of +31.37%, recent trends indicate a potential shift in momentum, with decreased investor participation and underperformance against its sector suggesting downward pressure on the stock.

As of 14-Mar, the stock price of Satani Bearings Ltd is currently at 307.15, showing no change from the previous trading session. Despite the stock's year-to-date performance being strong at +31.37%, it has recently experienced a trend reversal after 20 consecutive days of gains, indicating a potential shift in momentum. The stock is currently 1.01% away from its 52-week high of Rs 310.25, which suggests it has been performing well but is now facing some resistance.<BR><BR>Today, the stock underperformed its sector by -1.82%, which may contribute to a negative sentiment among investors. Additionally, there has been a significant drop in investor participation, with delivery volume falling by -84.84% against the 5-day average, indicating reduced interest in trading the stock. This decline in trading activity could further pressure the stock price.<BR><BR>Overall, while the stock has shown impressive long-term growth, recent performance trends and decreased investor participation suggest that it is currently facing downward pressure.

Why is Satani Bearings Ltd falling/rising?

As of 15-Mar, the stock price of Satani Bearings Ltd is stable at 307.15, but has recently reversed a trend after 20 days of gains, indicating potential momentum shifts. Despite trading above key moving averages and a strong year-to-date performance, declining investor participation and underperformance against its sector suggest short-term downward pressure.

As of 15-Mar, the stock price of Satani Bearings Ltd is currently stable at 307.15, showing no change (0.00%). However, it has recently experienced a trend reversal, having fallen after 20 consecutive days of gains. This indicates a potential shift in momentum. Additionally, the stock has underperformed its sector by 1.82% today, which could contribute to a negative sentiment among investors.<BR><BR>Despite these factors, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive long-term trend. It is also close to its 52-week high, being only 1.01% away from Rs 310.25. However, there is a notable decline in investor participation, with delivery volume dropping by 84.84% compared to the 5-day average, which may indicate reduced interest or confidence among investors.<BR><BR>Overall, while the stock has shown strong performance year-to-date with a gain of 31.37% compared to a 12.50% decline in the Sensex, the recent underperformance and falling investor participation suggest that the stock may be facing downward pressure in the short term.

Which are the latest news on Satani Bearings?

Which are the latest news on Satani Bearings?

Which are the latest news on Satani Bearings?