Scripscan:ABC Bearings Ltd
cmp:60
Code:505665
Story:The company produces ball and roller bearings. It derives a bulk of its revenues from the original equipment segment of the automobile industry.ABC Bearings caters mainly to the commercial vehicle and tractor segments.To reduce the dependence on the original equipment segment, the company has shifted its attention towards the replacement market. It has opened depots and increased the dealer network.The shift in focus would also result in improved profitability, as realisations are relatively better in the replacement segment.Despite the firm trend in steel prices, the company has been doing well.This reflects the company's ability to pass on the impact of input cost rise to customers.The restructuring exercise undertaken by the company together with expected the improved performance and encouraging growth prospects make ABC Bearings a long-term portfolio candidate.Investors with a long-term perspective may take an exposure in this stock.
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