Austin Engineering Company......Bearing company

Austin Engineering Company Limited (AEC)



Market Cap - 28 cr

Face Value - 10

CMP - 82.2

FY 14 Profit - 3.51 cr

FY 14 EPS - 10.12

Book Value - 157.5

BSE listed.



Austin Engineering Company Limited (AEC) is a Manufacturer, Supplier and Exporter of quality Auto & Industrial

Ball & Roller Bearings and its components.



Product range includes:



** Ball Bearings**

** Cylindrical Roller Bearings**

** Needle Roller Bearings**

** Tapered Roller Bearings**

** Spherical Roller Bearings**

** Flexible Roller Bearings**

** Super Precision Bearings**

** Special Purpose Bearings**

ACEL markets its products under ACE trademark.



ACEL serve the leaders in each of the following segment of market:



Engineering Equipment Manufacturers

Steel Plants and Steel Rolling Mills

Process Industries

Automotive Industries

Textile Machinery Manufacturers

Power Plants

Road Transport Undertakings


Atomic Energy applications

OEMs in Europe and USA

Replacement Market



ACEL has an equity capitalof 3.48 cr having a reserves of 52.60 cr leading to book value of 157.5.ACEL was posting poor growth for last five years but things seems to be changing now.It posted a strong number for Q4FY14 where PAT jumped 288% to 1.01 cr from RS 0.26 cr in Q4FY13 posting an Q4FY14 EPS of 2.90 from 0.76 in Q4FY13.ACEL has posted EPS of 10.12 for FY14(ALL the growth has come in the last two quater).It is a regular dividend paying company and has declared 15% for FY14.ACEL is trading at much cheaper than its peers.

Latest Result -



Disclosure - Invested.

HI Vishal,

Is Austin Engg considered to be a Net-Net type Investment ? as the P/B = 0.30

Any new information available currently ? tried searching but no luck.