SKP Bearing Industries Ltd
Incorporated in 1992, SKP Bearings Ltd manufactures & supplies Precision needle rollers, cylindrical rollers, pins and balls[1]
- Market Cap ₹ 415 Cr.
- Current Price ₹ 250
- High / Low ₹ 345 / 190
- Stock P/E 31.6
- Book Value ₹ 35.3
- Dividend Yield 0.44 %
- ROCE 31.0 %
- ROE 28.5 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 201 to 111 days.
- Promoter holding has increased by 0.97% over last quarter.
- Company's working capital requirements have reduced from 273 days to 137 days
Cons
- Stock is trading at 7.09 times its book value
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|
| 10 | 49 | 50 | 51 | |
| 5 | 29 | 29 | 31 | |
| Operating Profit | 5 | 19 | 20 | 20 |
| OPM % | 48% | 40% | 41% | 39% |
| 1 | 1 | 0 | 1 | |
| Interest | 0 | 1 | 1 | 2 |
| Depreciation | 0 | 1 | 1 | 2 |
| Profit before tax | 5 | 18 | 18 | 18 |
| Tax % | 22% | 26% | 26% | |
| 4 | 13 | 13 | 13 | |
| EPS in Rs | 2.43 | 7.98 | 8.08 | 7.92 |
| Dividend Payout % | -0% | 13% | 14% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 18% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 28% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|
| Equity Capital | 15 | 17 | 17 | 17 |
| Reserves | 4 | 25 | 36 | 42 |
| 19 | 4 | 25 | 32 | |
| 3 | 7 | 12 | 7 | |
| Total Liabilities | 41 | 53 | 90 | 98 |
| 19 | 22 | 32 | 45 | |
| CWIP | 2 | 8 | 19 | 12 |
| Investments | 2 | 0 | 1 | 1 |
| 19 | 23 | 39 | 40 | |
| Total Assets | 41 | 53 | 90 | 98 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| -11 | 15 | 13 | |
| -23 | -9 | -32 | |
| 34 | -7 | 19 | |
| Net Cash Flow | 0 | -0 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Debtor Days | 412 | 82 | 111 |
| Inventory Days | 1,108 | 140 | 228 |
| Days Payable | 225 | 49 | 131 |
| Cash Conversion Cycle | 1,294 | 173 | 207 |
| Working Capital Days | 569 | 114 | 137 |
| ROCE % | 45% | 31% |
Documents
Announcements
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Clarification - Financial Results
11 December 2024 - Exchange has sought clarification from Skp Bearing Industries Limited for the quarter ended 30-Sep-2024 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. …
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Financial Result Updates
13 November 2024 - Skp Bearing Industries Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
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Outcome of Board Meeting
13 November 2024 - Skp Bearing Industries Limited has informed regarding Board meeting held on November 13, 2024.
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Updates
21 October 2024 - Skp Bearing Industries Limited has informed regarding 'Convening Board Meeting for the purpose of taking on record the unaudited Financial results for the half year …
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Board Meeting Intimation
21 October 2024 - SKP BEARING INDUSTRIES LIMITED has informed about Board Meeting to be held on 13-Nov-2024 to inter-alia consider and approve the Unaudited Financial results of the …
Business Overview:[1][2]
SKP BIL is a IATF -16949 certified manufacturer of precision rolling elements and pins. These rollers reduce frictional forces between two elements to facilitate the desired relative motion. It also offers customized products as per customer specific requirements. Company has recently diversified into power generation business with wind and solar plants