SKP Bearing Industries Ltd - Stock Valuation and Financial Performance

BSE: 0 | NSE: SKP | Bearings | Small Cap

BSE Share Price
Not Listed

DeciZen - make an informed investing decision on SKP Bearing Indus.

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

SKP Bearing Industries stock performance -

mw4me loader
P/E Ratio (SA):
30.47
Market Cap:
403.8 Cr.
52-wk low:
0
52-wk high:
0

Is SKP Bearing Industries Ltd an attractive stock to invest in?

1. Is SKP Bearing Industries Ltd a good quality company?

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

2. Is SKP Bearing Industries Ltd undervalued or overvalued?

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.

3. Is SKP Bearing Industries Ltd a good buy now?

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

10 Year X-Ray of SKP Bearing Indus.:

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

Value Creation Index Colour Code Guide

Mar'22Mar'23TTM
ROCE % 10.2%33.4%-
Value Creation
Index
-0.31.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9.748.849
Sales YoY Gr.-403.7%-
Adj EPS 2.488
YoY Gr.-228.4%-
BVPS (₹) 12.224.824.8
Adj Net
Profit
3.613.313
Cash Flow from Ops. -10.915.3-
Debt/CF from Ops. -1.80.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA403.7%
Adj EPS NANANA228.4%
BVPSNANANA103.2%
Share Price - - - 28%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'22Mar'23TTM
Return on
Equity %
19.544.332.2
Op. Profit
Mgn %
48.139.6NAN
Net Profit
Mgn %
37.727.227.2
Debt to
Equity
1.10.1-
Working Cap
Days
01510
Cash Conv.
Cycle
0990

Recent Performance Summary

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%

Latest Financials - SKP Bearing Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 8 -
TTM Sales (₹ Cr.) 48.8 -
BVPS (₹.) 24.8 -
Reserves (₹ Cr.) 25 -
P/BV 9.80 -
PE 30.47 -
From the Market
52 Week Low / High (₹) 0.00 / 0.00
All Time Low / High (₹) - / -
Market Cap (₹ Cr.) 404
Equity (₹ Cr.) 16.6
Face Value (₹) 10
Industry PE 46.9

Management X-Ray of SKP Bearing Indus.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of SKP Bearing Indus.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23
Sales1049
Operating Expenses 529
Manufacturing Costs210
Material Costs112
Employee Cost 13
Other Costs 14
Operating Profit 519
Operating Profit Margin (%) 48.1%39.6%
Other Income 11
Interest 01
Depreciation 01
Exceptional Items 00
Profit Before Tax 518
Tax 15
Profit After Tax 413
PAT Margin (%) 37.7%27.2%
Adjusted EPS (₹)2.48.0
Dividend Payout Ratio (%)41%13%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 1941
Share Capital 1517
Reserves 425
Minority Interest00
Debt194
Long Term Debt184
Short Term Debt10
Trade Payables12
Others Liabilities 26
Total Liabilities 4153

Fixed Assets

Gross Block1923
Accumulated Depreciation01
Net Fixed Assets1922
CWIP 28
Investments 20
Inventories45
Trade Receivables1111
Cash Equivalents 00
Others Assets37
Total Assets 4153

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23
Cash Flow From Operating Activity -1115
PBT 518
Adjustment 12
Changes in Working Capital -16-4
Tax Paid 0-1
Cash Flow From Investing Activity -23-9
Capex -21-10
Net Investments 00
Others -21
Cash Flow From Financing Activity 34-7
Net Proceeds from Shares 1511
Net Proceeds from Borrowing 00
Interest Paid 0-1
Dividend Paid 0-2
Others 19-15
Net Cash Flow 00
PARTICULARSMar'22Mar'23
Ratios
ROE (%)19.944.55
ROCE (%)13.3645.58
Asset Turnover Ratio0.241.06
PAT to CFO Conversion(x)-2.751.15
Working Capital Days
Receivable Days40781
Inventory Days16536
Payable Days22541

SKP Bearing Industries Ltd Stock News

SKP Bearing Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SKP Bearing Indus. 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 01-Jan-1970 05:30 the market cap of SKP Bearing Indus. stood at ₹403.8.
The latest P/E ratio of SKP Bearing Indus. as of 01-Jan-1970 05:30 is 30.47.
The latest P/B ratio of SKP Bearing Indus. as of 01-Jan-1970 05:30 is 9.80.
The 52-week high of SKP Bearing Indus. 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 Indus. is ₹48.76 ( Cr.) .

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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