Galaxy Bearings
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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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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 Bimetal Bearings, SKP Bearing Inds., SNL Bearings, Menon Bearings, Harsha Engineers Int, Rolex Rings, NRB Bearings. Market Cap of Galaxy Bearings is ₹290 Crs. While the median market cap of its peers are ₹1,003 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 8.16 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 ₹3.31 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 87.49, while 3 year average PE is 24.09. Also latest EV/EBITDA of Galaxy Bearings is 47.84 while 3yr average is 18.59.
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 ~-25.29% over the last 3yrs while peers have grown at a median rate of 2.34%
Is the promoter bullish about Galaxy Bearings?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 46.83% and last quarter promoter holding is 46.31%.
Are mutual funds buying/selling Galaxy Bearings?
There is Insufficient data to gauge this.