SKP BEARINGSSKP Bearing Industries Ltd.
is a precision rolling element manufacturer specializing in needle rollers, cylindrical rollers, pins, and steel balls. The company serves domestic and international OEMs across automotive, textile, and industrial sectors. With over three decades of experience and IATF-16949 certification, SKP has built a reputation for quality, customization, and reliability. It has also diversified into renewable energy through wind and solar power assets.
SKP Bearing Industries Ltd. – FY22–FY25 Snapshot
Sales – ₹51.66 Cr → ₹70.33 Cr → ₹78.50 Cr → ₹85.20 Cr Growth driven by export orders and OEM client expansion
Net Profit – ₹10.68 Cr → ₹2.97 Cr → ₹5.10 Cr → ₹7.25 Cr Volatility due to margin compression and capex absorption
Operating Performance – Strong → Moderate → Moderate → Strong Recovery expected as new capacity stabilizes
Dividend Yield (%) – 0.00% → 0.49% → 0.52% → 0.55% Modest payouts initiated post listing
Equity Capital – ₹16.60 Cr (constant) Stable post-IPO structure
Total Debt – ₹25.21 Cr → ₹28.90 Cr → ₹27.10 Cr → ₹25.50 Cr Controlled leverage with improving coverage
Fixed Assets – ₹32.32 Cr → ₹59.79 Cr → ₹63.50 Cr → ₹67.80 Cr Capex focused on automation and precision tooling
Institutional Interest & Ownership Trends
Promoter holding stands at 73.50%, indicating strong control and long-term commitment. Institutional interest remains limited due to SME listing, but HNI and PMS desks have shown interest post IPO. Delivery volumes reflect quiet accumulation aligned with industrial capex and export recovery themes.
Business Growth Verdict
SKP is expanding steadily across rolling element categories Margins are stabilizing post capex and input cost volatility Debt is manageable and aligned to growth Capex supports long-term scale and product diversification
Management Con Call
Management emphasized strong demand visibility from auto and industrial OEMs, especially in export markets. Recent capex is expected to enhance precision and throughput, with margin recovery projected in FY26. Renewable energy assets are contributing to captive power needs, reducing operational costs. Focus remains on expanding product range and entering new geographies with customized rolling solutions.
Final Investment Verdict
SKP Bearing Industries Ltd. offers a niche industrial manufacturing story with export potential and operational depth. While recent earnings have been volatile, the company’s capex cycle, promoter confidence, and product specialization position it well for long-term value creation. Suitable for staggered accumulation by investors seeking exposure to precision engineering and industrial components.
