Austin Engineering Company Ltd Stock Research

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Austin Engineering Company Ltd Detail

Austin Engineering Company Ltd is in portfolio of Anil Kumar Goel. He is one of the top investors in India. The company belongs to Bearings sector.

As per the Company website it is manufacturer of Ball and Roller bearing. Below are different product variants manufactured by the Company

  • Radial Ball Bearings
  • Thrust Ball Bearings
  • Cylindrical Roller Bearings
  • Cylindrical Roller Thrust Bearings
  • Needle Roller Bearings
  • Flexible Roller Bearings
  • Tapered Roller Bearings
  • Tapered Roller Thrust Bearings
  • Spherical Roller Bearings
  • Spherical Roller Thrust Bearings
  • Crossed Roller Bearings
  • Super Precision Bearings
  • Plain Bearings

The products have application in wide range of industries like Aerospace, machine Tools, Oil and Gas etc. The Company plant and office are located in Gujarat. Apart from India Company mainly has presence in Italy, Germany and US.

I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

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Austin Engineering Company Ltd Stock Performance

The stock has not performed in last 12 years or so. The performance is limited and range bound. It shows no incremental positive growth over the years in results.After year 2006 stock is range bound in between 50 and 100.

Company witnessed most of the growth in 2002 to 2006 period. After that it is sorry story for investors. It has become kind of trading stock with lower (entry level price 50 INR) and exit level price close to 100 INR.

Austin Engineering Company Ltd My Opinion

Austin Engineering Company Ltd is a Bearing Company. Bearing is niche segment. There are very few Companies listed in this space on stock exchanges. The segment is dominated by Foreign players (Multi National Companies) in India as well as World.

There are three major players in this segment. Bearing is a kind of Business to Business segment. Bearing Companies cater other industries. The end products are mainly used in machines.

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Machines are back bone of our civilization so there will be need of bearings. Until and unless some technological advances causes bearings to get replaced with some other stuff to reduce friction and facilitate motion. Till that time sector will continue to have demand and will grow with time.

The sector is good but stock has not given positive returns in last 12 years indicating it has challenges to better its performance over the years. I have not invested in this sector but am looking forward to it. Instead of opting to invest in small players it is better to invest in one of the major players globally.

In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.


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