SKP Bearing Industries Ltd
Incorporated in 1992, SKP Bearings Ltd manufactures & supplies Precision needle rollers, cylindrical rollers, pins and balls[1]
- Market Cap ₹ 371 Cr.
- Current Price ₹ 224
- High / Low ₹ 345 / 165
- Stock P/E 27.7
- Book Value ₹ 31.9
- Dividend Yield 0.00 %
- ROCE 42.3 %
- ROE 32.6 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 192 to 80.8 days.
- Company's working capital requirements have reduced from 265 days to 112 days
Cons
- Stock is trading at 7.01 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- 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 | |
|---|---|---|---|
| 10 | 49 | 50 | |
| 5 | 29 | 29 | |
| Operating Profit | 5 | 19 | 20 |
| OPM % | 48% | 40% | 41% |
| 1 | 1 | 0 | |
| Interest | 0 | 1 | 1 |
| Depreciation | 0 | 1 | 1 |
| Profit before tax | 5 | 18 | 18 |
| Tax % | 22% | 26% | 26% |
| 4 | 13 | 13 | |
| EPS in Rs | 2.43 | 7.98 | 8.08 |
| Dividend Payout % | 0% | 0% | 0% |
| 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: | 26% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 33% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Equity Capital | 15 | 17 | 17 |
| Reserves | 4 | 25 | 36 |
| 19 | 4 | 25 | |
| 3 | 7 | 12 | |
| Total Liabilities | 41 | 53 | 90 |
| 19 | 22 | 32 | |
| CWIP | 2 | 8 | 19 |
| Investments | 2 | 0 | 1 |
| 19 | 23 | 39 | |
| Total Assets | 41 | 53 | 90 |
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 | |
| Inventory Days | 1,108 | 158 | |
| Days Payable | 225 | 55 | |
| Cash Conversion Cycle | 1,294 | 185 | |
| Working Capital Days | 569 | 114 | |
| ROCE % | 45% |
Documents
Announcements
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Updates
19 June 2024 - Skp Bearing Industries Limited has informed regarding 'Commissioning of Solar Plant'.
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Updates
13 June 2024 - Skp Bearing Industries Limited has informed regarding 'Disclosure as per Regulation 7(2) of SEBI (PIT) Regulations, 2015'.
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Updates
1 June 2024 - Skp Bearing Industries Limited has informed regarding 'Disclosure as per Regulation 7(2) of SEBI (PIT) Regulations, 2015'.
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Updates
31 May 2024 - Skp Bearing Industries Limited has informed regarding 'Disclosure as per Regulation 7(2) of SEBI (PIT) Regulations, 2015'.
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Disclosure under SEBI Takeover Regulations
31 May 2024 - Skp Bearing Industries Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) …
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