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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 Fair 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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'22 | Mar'23 | TTM | |
|---|---|---|---|
| ROCE % ⓘ | 10.2% | 33.4% | - |
| Value Creation Index ⓘ | -0.3 | 1.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||
| Sales ⓘ | 9.7 | 48.8 | 49 |
| Sales YoY Gr. | - | 403.7% | - |
| Adj EPS ⓘ | 2.4 | 8 | 8 |
| YoY Gr. | - | 228.4% | - |
| BVPS (₹) ⓘ | 12.2 | 24.8 | 24.8 |
| Adj Net Profit ⓘ | 3.6 | 13.3 | 13 |
| Cash Flow from Ops. ⓘ | -10.9 | 15.3 | - |
| Debt/CF from Ops. ⓘ | -1.8 | 0.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 403.7% | ||||
| Adj EPS ⓘ | NA | NA | NA | 228.4% | ||||
| BVPSⓘ | NA | NA | NA | 103.2% | ||||
| Share Price | - | - | - | 40.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'22 | Mar'23 | TTM | |
|---|---|---|---|
| Return on Equity % ⓘ | 19.5 | 44.3 | 32.2 |
| Op. Profit Mgn % ⓘ | 48.1 | 39.6 | NAN |
| Net Profit Mgn % ⓘ | 37.7 | 27.2 | 27.2 |
| Debt to Equity ⓘ | 1.1 | 0.1 | - |
| Working Cap Days ⓘ | 0 | 151 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 99 | 0 |
Return on Equity has increased versus last 3 years average to 32.20%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 8 | - |
| TTM Sales (₹ Cr.) | 48.8 | - |
| BVPS (₹.) ⓘ | 24.8 | - |
| Reserves (₹ Cr.) ⓘ | 25 | - |
| P/BV ⓘ | 10.12 | - |
| PE ⓘ | 31.44 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 417 |
| Equity (₹ Cr.) | 16.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 47.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'22 | Mar'23 |
|---|---|---|
| Sales | 10 | 49 |
| Operating Expenses ⓘ | 5 | 29 |
| Manufacturing Costs | 2 | 10 |
| Material Costs | 1 | 12 |
| Employee Cost | 1 | 3 |
| Other Costs ⓘ | 1 | 4 |
| Operating Profit ⓘ | 5 | 19 |
| Operating Profit Margin (%) | 48.1% | 39.6% |
| Other Income ⓘ | 1 | 1 |
| Interest ⓘ | 0 | 1 |
| Depreciation ⓘ | 0 | 1 |
| Exceptional Items ⓘ | 0 | 0 |
| Profit Before Tax ⓘ | 5 | 18 |
| Tax ⓘ | 1 | 5 |
| Profit After Tax | 4 | 13 |
| PAT Margin (%) | 37.7% | 27.2% |
| Adjusted EPS (₹) | 2.4 | 8.0 |
| Dividend Payout Ratio (%) | 41% | 13% |
| PARTICULARS | Mar'22 | Mar'23 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 19 | 41 | ||||||||
| Share Capital ⓘ | 15 | 17 | ||||||||
| Reserves ⓘ | 4 | 25 | ||||||||
| Minority Interest | 0 | 0 | ||||||||
| Debt | 19 | 4 | ||||||||
| Long Term Debt | 18 | 4 | ||||||||
| Short Term Debt | 1 | 0 | ||||||||
| Trade Payables | 1 | 2 | ||||||||
| Others Liabilities ⓘ | 2 | 6 | ||||||||
| Total Liabilities ⓘ | 41 | 53 | ||||||||
Fixed Assets | ||||||||||
| Gross Block | 19 | 23 | ||||||||
| Accumulated Depreciation | 0 | 1 | ||||||||
| Net Fixed Assetsⓘ | 19 | 22 | ||||||||
| CWIP ⓘ | 2 | 8 | ||||||||
| Investmentsⓘ | 2 | 0 | ||||||||
| Inventories | 4 | 5 | ||||||||
| Trade Receivables | 11 | 11 | ||||||||
| Cash Equivalents | 0 | 0 | ||||||||
| Others Assetsⓘ | 3 | 7 | ||||||||
| Total Assets ⓘ | 41 | 53 | ||||||||
| PARTICULARS | Mar'22 | Mar'23 |
|---|---|---|
| Cash Flow From Operating Activity ⓘ | -11 | 15 |
| PBT ⓘ | 5 | 18 |
| Adjustment ⓘ | 1 | 2 |
| Changes in Working Capital ⓘ | -16 | -4 |
| Tax Paid ⓘ | 0 | -1 |
| Cash Flow From Investing Activity ⓘ | -23 | -9 |
| Capex | -21 | -10 |
| Net Investments | 0 | 0 |
| Others ⓘ | -2 | 1 |
| Cash Flow From Financing Activityⓘ | 34 | -7 |
| Net Proceeds from Shares ⓘ | 15 | 11 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 |
| Interest Paid ⓘ | 0 | -1 |
| Dividend Paid ⓘ | 0 | -2 |
| Others ⓘ | 19 | -15 |
| Net Cash Flow ⓘ | 0 | 0 |
| PARTICULARS | Mar'22 | Mar'23 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 19.9 | 44.55 | ||||||||
| ROCE (%) | 13.36 | 45.58 | ||||||||
| Asset Turnover Ratio | 0.24 | 1.06 | ||||||||
| PAT to CFO Conversion(x) | -2.75 | 1.15 | Working Capital Days | |||||||
| Receivable Days | 407 | 81 | ||||||||
| Inventory Days | 165 | 36 | ||||||||
| Payable Days | 225 | 41 | ||||||||
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
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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