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SKP Bearing Industries Ltd (SKP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SKP Bearings | Small Cap | SKP Bearing Inds. Share Price

BSE Share Price
Not Listed

SKP Bearing Industries Ltd (SKP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SKP Bearings | Small Cap | SKP Bearing Inds. Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹253 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹9
TTM Sales
₹80.7 Cr.
Book Value per Share
₹46.6
P/E Ratio
16.84
Lower than its 5-year historical median
Industry PE
52.9
Price to Book (P/B)
3.27
Lower than its 5-year historical median
Price to Sales (P/S)
3.13
Lower than its 5-year historical median
EV/EBITDA
10.53
Lower than its 5-year historical median
Dividend Yield
INF%
Profitability Efficiency
Return on Equity (ROE)
22.25%
Outperforms industry median
Return on Capital Employed (ROCE)
22.61%
Outperforms industry median
Return on Assets (ROA)
13.46%
Operating Profit Margin
38.6%
Net Profit Margin
24.76%
Gross Profit Margin
37%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
6.07%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
0.6%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-2.83%
Asset Quality
Promoter Holding
74.90%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹61 Cr.
Equity
₹16.6 Cr.
Face Value
₹10
All Time Low / High
- / -

SKP Bearing Industries stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is SKP Bearing Industries Ltd a good quality company?
SKP Bearing Industries Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does SKP Bearing Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of SKP Bearing Industries Ltd vs industry peers?
SKP Bearing Industries Ltd revenue CAGR is 75.81%, compared to the industry median CAGR of 0.04%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of SKP Bearing Industries Ltd?
Promoters hold 74.90% of the SKP Bearing Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of SKP Bearing Industries Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of -2.94% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
SKP Bearing Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 13.4%45.6%31%22.6%-
Value Creation
Index
-0.12.31.20.6-

Growth Parameters

Sales 9.748.849.652.681
Sales YoY Gr.-403.7%1.7%6.1%-
Adj EPS 2.488.17.99
YoY Gr.-228.4%1.3%-2.9%-
BVPS (₹) 12.224.831.938.646.6
Adj Net
Profit
3.613.313.41315
Cash Flow from Ops. -10.915.313.213.5-
Debt/CF from Ops. -1.80.31.92.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA75.8%6.1%
Adj EPS NANA47.8%-2.9%
BVPSNANA46.8%21.2%
Share Price - - -4.8% -30.4%

Key Financial Parameters

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
19.544.328.522.321.2
Op. Profit
Mgn %
48.139.640.738.627.9
Net Profit
Mgn %
37.727.227.124.818.6
Debt to
Equity
1.10.10.50.50.4
Working Cap
Days
015122828982
Cash Conv.
Cycle
09910412447

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales10495053
Operating Expenses + 5292932
Manufacturing Costs210910
Material Costs1121213
Employee Cost 1445
Other Costs 1445
Operating Profit 5192020
Operating Profit Margin (%) 48.1%39.6%40.7%38.6%
Other Income + 1101
Exceptional Items 0000
Interest 0112
Depreciation 0112
Profit Before Tax 5181817
Tax 1554
Profit After Tax 4131313
PAT Margin (%) 37.7%27.2%27.1%24.8%
Adjusted EPS (₹)2.48.08.17.9
Dividend Payout Ratio (%)41.20%12.50%13.60%14%

Valuation of SKP Bearing Inds. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 19415364
Share Capital 15171717
Reserves 4253648
Debt +1942529
Long Term Debt1842522
Short Term Debt1007
Minority Interest0000
Trade Payables1252
Others Liabilities 2679
Total Liabilities 415390103

Fixed Assets

Net Fixed Assets +19223258
Gross Block19233463
Accumulated Depreciation0135
CWIP 28190
Investments 2011
Inventories4589
Trade Receivables11111514
Cash Equivalents 0000
Others Assets 371621
Total Assets 415390103

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -11151313
PBT 5181817
Adjustment 1234
Changes in Working Capital -16-4-4-4
Tax Paid 0-1-3-4
Cash Flow From Investing Activity + -23-9-32-14
Capex -21-10-12-19
Net Investments 0000
Others -21-215
Cash Flow From Financing Activity + 34-7190
Net Proceeds from Shares 151100
Net Proceeds from Borrowing 0000
Interest Paid -0-1-1-2
Dividend Paid 0-2-2-2
Others 19-15224
Net Cash Flow 0-0-00

Financial Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)19.944.5528.522.25
ROCE (%)13.3645.5831.0322.61
Asset Turnover Ratio0.241.060.70.55
PAT to CFO Conversion(x)-2.751.1511
Working Capital Days
Receivable Days406.6080.7095.5098.80
Inventory Days165.4035.8048.5059.50
Payable Days225.4041.2098.8088.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

SKP Bearing Industries Ltd FAQs

The current trading price of SKP Bearing Inds. on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of SKP Bearing Inds. stood at ₹252.7 Cr

The latest P/E ratio of SKP Bearing Inds. as of 31-Dec-1969 is 16.84.

The latest P/B ratio of SKP Bearing Inds. as of 31-Dec-1969 is 3.27.

The 52-week high of SKP Bearing Inds. is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SKP Bearing Inds. is ₹80.70 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that SKP Bearing Industries Ltd is a below average quality company.

The key valuation ratios of SKP Bearing Industries Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of SKP Bearing Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About SKP Bearing Industries Ltd

The company was originally formed as a partnership firm under the name and style of “S K P Bearing Industries” pursuant to a deed of partnership dated November 21, 1991, as amended from time to time. S K P Bearing Industries was thereafter converted into a private limited company “SKP Bearing Industries Private Limited” on January 06, 2022 pursuant to the provisions of Chapter XXI of the Companies Act and fresh a certificate of Incorporation dated January 06, 2022 was issued by Registrar of Companies, Ahmedabad. Subsequently, the Company has been converted into a public limited company and the name of the Company changed to “SKP Bearing Industries Limited” pursuant to a special resolution passed at the Extra-Ordinary General Meeting of the Company held on January 31, 2022 and a fresh Certificate of Incorporation dated February 15, 2022 issued by the Registrar of Companies, Ahmedabad.

SKP Bearing Industries is manufacturer of needle rollers, cylindrical rollers, pins and steel balls (Rolling Elements) and is one of the players in the list of finished roller manufacturers in India. Over the years it has developed expertise and upgraded its technology by adding several automatic and imported machineries and equipment to the plant, which has helped it boost its production capacity and the quality of its products. It supplies these rolling elements across India to reputed bearing manufactures and OEMs in domestic market in diverse industries such as textile, automobile, etc. It has the potential to supply the best products at most competitive prices in the market. It is also exporter of rolling elements which cater the requirements of international customers in Brazil, Argentina, UAE, etc. Over the years, it has also ventured into power generation business by installing wind mill in year 2012-2013 at Survey No. 646, vill: Seth Vadala, Taluka: Jamjodhpur, Jamnagar Forest Division, Gujarat and is currently used for its captive consumption.   

Business area of the company

The company is one of the leading roller and pins manufacturers, suppliers and exporters in the company. The company is producing a vast range of rollers that are used in the bearings across the world. It makes high quality and long-lasting, pins, corrosion-free needle rollers, cylindrical rollers as well as precision rollers for several industrial purposes.

Key Events/Milestones/Achievements

  • 1991: Formed as a Partnership Firm in the name and style of “S K P Bearing Industries”.
  • 1992: Setting up of Manufacturing Unit at Wadhwan Municipality, Surendranagar Gujarat, India.
  • 2004 & 2008: Expansion of manufacturing facility by transferring and setting up of Manufacturing Unit at Mulchand Road, Wadhwan, Surendranagar, Gujarat, India.
  • 2011: Purchase of Land bearing Gut No. 52, Village Rautwadi, Tal. Koregaon, Dist. Satara, Maharashtraand ventured into wind mill by installing wind turbine generator and commissioned capacity of 0.80 MW.
  • 2011: Awarded with Special National Award, 2011 as “Outstanding Entrepreneurship” in Women category.
  • 2012: Land situated at Village  Seth Vadala, Taluka: Jamjodhpur, Jamnagar Forest Division, Gujarat taken on lease for a period of 25 years and ventured into wind mill by installing wind turbine generator and commissioned capacity of 0.80 MW which is currently used for captive consumption.
  • 2012: Awarded with “India’s small Giants” by NDTV.
  • 2013: Awarded as India SME100 Achievers.
  • 2014: Setting up of solar plant at Village Rojhana, Teh: Baroda, Dist.: Agar, Madhya Pradesh with commissioned capacity of 0.63 MW.
  • 2015: Setting up of wind mill at Village:Jamuniameena, P.H.N.-52, Mandsaur, Madhya Pradesh by installing wind turbine generator and commissioned capacity of 1.5MW.
  • 2020: Recognised for Quality Management System with IATF 16949 Standard for manufacturing of Needle rollers, cylindrical rollers, Steel balls and pins by TUV SUD Management Service GmbH, Munich, Germany.
  • 2022: Conversion of Partnership Firm into Private Limited Company in the name and style of “SKP Bearing Industries Private Limited”.
  • 2022: Conversion of Private Limited Company to Limited in the name and style of “SKP Bearing Industries Limited”.
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