SKP Bearing Industries Ltd
₹ 244
2.01%
19 Apr
- close price
About
Incorporated in 1992, SKP Bearings Ltd manufactures & supplies Precision needle rollers, cylindrical rollers, pins and balls[1]
Key Points
- Market Cap ₹ 405 Cr.
- Current Price ₹ 244
- High / Low ₹ 345 / 136
- Stock P/E 30.5
- Book Value ₹ 28.4
- Dividend Yield 0.00 %
- ROCE 45.4 %
- ROE 44.3 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Debtor days have improved from 247 to 82.2 days.
- Company's working capital requirements have reduced from 342 days to 114 days
Cons
- Stock is trading at 8.58 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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.
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|
| 10 | 49 | 50 | |
| 5 | 29 | 30 | |
| Operating Profit | 5 | 19 | 20 |
| OPM % | 48% | 40% | 40% |
| 1 | 1 | -0 | |
| Interest | 0 | 1 | 1 |
| Depreciation | 0 | 1 | 1 |
| Profit before tax | 5 | 18 | 18 |
| Tax % | 22% | 26% | |
| 4 | 13 | 13 | |
| EPS in Rs | 2.43 | 7.98 | 7.99 |
| Dividend Payout % | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 405% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 264% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 31% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 44% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|
| Equity Capital | 15 | 17 | 17 |
| Reserves | 4 | 25 | 31 |
| 19 | 4 | 5 | |
| 3 | 7 | 5 | |
| Total Liabilities | 41 | 53 | 58 |
| 19 | 22 | 29 | |
| CWIP | 2 | 8 | 5 |
| Investments | 2 | 0 | -0 |
| 19 | 23 | 23 | |
| Total Assets | 41 | 53 | 58 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | |
|---|---|---|
| -11 | 15 | |
| -23 | -9 | |
| 34 | -7 | |
| Net Cash Flow | 0 | -0 |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | |
|---|---|---|
| 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% |
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