Galaxy Bearings
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Galaxy Bearings' board approved final commercial terms for the sale of two parcels of its Sanaswadi industrial land totalling 11,800 sq metres for Rs 275 lakhs. The 6,100 sq metre tranche was earmarked for BRK Infra Leasing LLP for Rs 125 lakhs with the sale deed scheduled for 17 September 2026, while the 5,700 sq metre tranche was earmarked for Treefac Works LLP for Rs 150 lakhs with execution set for 24 September 2026. The company said the block was unutilised industrial land that did not contribute to operational revenue and that the balance of the roughly 20,234 sq metre site would be dealt with in later tranches. Galaxy Bearings manufactures taper roller, cylindrical roller and ball bearings at its sole plant at Shapar in Rajkot and reported revenue from operations of Rs 67.51 crores with net profit of Rs 3.31 crores in the year to March 2026. Equity stood at Rs 110.08 crores against borrowings of Rs 18.13 crores at the end of March, alongside mutual fund investments of Rs 34.65 crores.
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Galaxy Bearings' board approved final commercial terms for the sale of two parcels of its Sanaswadi industrial land totalling 11,800 sq metres for Rs 275 lakhs. The 6,100 sq metre tranche was earmarked for BRK Infra Leasing LLP for Rs 125 lakhs with the sale deed scheduled for 17 September 2026, while the 5,700 sq metre tranche was earmarked for Treefac Works LLP for Rs 150 lakhs with execution set for 24 September 2026. The company said the block was unutilised industrial land that did not contribute to operational revenue and that the balance of the roughly 20,234 sq metre site would be dealt with in later tranches. Galaxy Bearings manufactures taper roller, cylindrical roller and ball bearings at its sole plant at Shapar in Rajkot and reported revenue from operations of Rs 67.51 crores with net profit of Rs 3.31 crores in the year to March 2026. Equity stood at Rs 110.08 crores against borrowings of Rs 18.13 crores at the end of March, alongside mutual fund investments of Rs 34.65 crores.
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Galaxy Bearings announced that the United States Treasury's Office of Foreign Assets Control had removed the company from its Specially Designated Nationals and Blocked Persons list effective June 30, 2026. The delisting concludes a designation in place since November 2024 that had blocked the bearings manufacturer from transacting with US persons and through the US financial system. Earlier filings had flagged a sharp 76% drop in annual profit as exports were crippled by the sanctions. The removal permits Galaxy Bearings to resume international trade in compliance with US laws, which management said should normalise its overseas business operations. The company informed the BSE on Tuesday.
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Galaxy Bearings announced that the United States Treasury's Office of Foreign Assets Control had removed the company from its Specially Designated Nationals and Blocked Persons list effective June 30, 2026. The delisting concludes a designation in place since November 2024 that had blocked the bearings manufacturer from transacting with US persons and through the US financial system. Earlier filings had flagged a sharp 76% drop in annual profit as exports were crippled by the sanctions. The removal permits Galaxy Bearings to resume international trade in compliance with US laws, which management said should normalise its overseas business operations. The company informed the BSE on Tuesday.
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July 1 (Reuters) - Galaxy Bearings Ltd GLXB.BO:
GALAXY BEARINGS LTD - US OFAC REMOVES CO FROM SPECIALLY DESIGNATED NATIONALS AND BLOCKED PERSONS LIST
Source text: ID:nnAZN4T5FCK
Further company coverage: GLXB.BO
(([email protected];))
July 1 (Reuters) - Galaxy Bearings Ltd GLXB.BO:
GALAXY BEARINGS LTD - US OFAC REMOVES CO FROM SPECIALLY DESIGNATED NATIONALS AND BLOCKED PERSONS LIST
Source text: ID:nnAZN4T5FCK
Further company coverage: GLXB.BO
(([email protected];))
Oct 28 (Reuters) - Galaxy Bearings Ltd GLXB.BO:
TO INSTALL MANUFACTURING SET-UP FOR INDUSTRIAL BEARINGS
EXPECT REVENUE RISE AFTER PRODUCTION BEGINS TO 1 BILLION RUPEES IN 2028-29
Source text: ID:nBSEchglnB
Further company coverage: GLXB.BO
(([email protected];;))
Oct 28 (Reuters) - Galaxy Bearings Ltd GLXB.BO:
TO INSTALL MANUFACTURING SET-UP FOR INDUSTRIAL BEARINGS
EXPECT REVENUE RISE AFTER PRODUCTION BEGINS TO 1 BILLION RUPEES IN 2028-29
Source text: ID:nBSEchglnB
Further company coverage: GLXB.BO
(([email protected];;))
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Popular questions
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What does Galaxy Bearings do?
Galaxy Bearings Ltd. is the first Public Limited Company of the Galaxy – Adico group, established in 1990. It specializes in manufacturing Taper Roller Bearings & Cylindrical Roller Bearings for various market segments.
Who are the competitors of Galaxy Bearings?
Galaxy Bearings major competitors are SKP Bearing Inds., Bimetal Bearings, SNL Bearings, Menon Bearings, Harsha Engineers Int, Rolex Rings, NRB Bearings. Market Cap of Galaxy Bearings is ₹299 Crs. While the median market cap of its peers are ₹1,708 Crs.
Is Galaxy Bearings financially stable compared to its competitors?
Galaxy Bearings seems to be less financially stable compared to its competitors. Altman Z score of Galaxy Bearings is 8.08 and is ranked 4 out of its 8 competitors.
Does Galaxy Bearings pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Galaxy Bearings latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Galaxy Bearings allocated its funds?
Companies resources are allocated to majorly unproductive assets like Accounts Receivable
How strong is Galaxy Bearings balance sheet?
Balance sheet of Galaxy Bearings is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Galaxy Bearings improving?
No, profit is decreasing. The profit of Galaxy Bearings is ₹3.7 Crs for TTM, ₹13.71 Crs for Mar 2025 and ₹18.84 Crs for Mar 2024.
Is the debt of Galaxy Bearings increasing or decreasing?
The net debt of Galaxy Bearings is decreasing. Latest net debt of Galaxy Bearings is ₹17.87 Crs as of Mar-26. This is less than Mar-25 when it was ₹28.48 Crs.
Is Galaxy Bearings stock expensive?
Yes, Galaxy Bearings is expensive. Latest PE of Galaxy Bearings is 77.35, while 3 year average PE is 26.73. Also latest EV/EBITDA of Galaxy Bearings is 48.26 while 3yr average is 20.13.
Has the share price of Galaxy Bearings grown faster than its competition?
Galaxy Bearings has given lower returns compared to its competitors. Galaxy Bearings has grown at ~-14.3% over the last 3yrs while peers have grown at a median rate of 1.0%
Is the promoter bullish about Galaxy Bearings?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Galaxy Bearings is 46.83% and last quarter promoter holding is 46.83%.
Are mutual funds buying/selling Galaxy Bearings?
There is Insufficient data to gauge this.