SKP Bearing Industries Ltd.

•

₹ 152-1.94%

2026-08-21

skpbearings.comBSE: -NSE: SKP

Market Cap₹ 254 Cr.

Current Price₹ 155

High / Low₹ 238 / 137

Stock P/E0.0

Book Value₹ 48

Price to Book5.80

Dividend Yield0.00 %

ROCE22.6 %

ROE22.3 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company has a healthy return on capital (ROCE) of 33.1%
Company has a good return on equity (ROE) track record: 3 Years ROE 31.8%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.06x)
Company comfortably covers its interest (9.9x coverage)
Working capital cycle has improved - days down from 136 to 112
Attractively priced for its growth - PEG of 0.5

CONS

Operating margins have contracted to 38.4% from 53.7%
Stock is trading at 5.8x its book value
Equity base is being diluted - shares outstanding up 10.7%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Automobile and Auto ComponentsAutomobile & AncillariesBearings

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	SCHAEFFLER	4106.20	51.20	64181.41	0.85	325.78	13.47	2760.55	17.34	27.55	18.08
2.	TIMKEN	3232.35	58.60	24313.33	0.08	1196.59	528.77	9433.20	891.45	19.14	18.83
3.	SKFINDUS	2800.05	0.00	13842.88	0.36	61.92	-48.96	970.77	34.72	15.89	9.09
4.	SKFINDIA	1630.95	38.46	8063.08	2.45	61.92	-47.62	587.79	-54.19	22.09	14.99
5.	NRBBEARING	484.40	31.83	4694.93	1.64	377.60	1050.87	3695.30	1091.84	18.31	17.23
6.	ROLEXRINGS	174.80	0.00	4585.58	0.00	60.14	22.34	304.34	4.38	20.98	22.58
7.	SKP	153.20	432.50	254.31	0.00	0.40	6.38	221.12	899.50	11.96	11.14
8.	BIMETAL	618.00	20.70	236.38	2.18	3.94	-7.06	79.53	10.98	7.01	6.32
9.	NIBL	31.13	0.00	75.43	0.00	-6.59	-29.57	18.90	1.90	-18.80	-7.86
10.	AUSTENG	121.80	9.97	42.36	0.00	0.94	-38.76	32.28	-10.68	8.16	4.86

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	14	15	21	31	16
	9	9	14	26	13
Operating Profit	—	—	—	—	—
OPM %	—	—	—	—	—
Other Income	1	2	1	2	1
Interest	1	1	1	1	1
Depreciation	1	1	1	1	1
	3	6	6	5	4
Tax %	23.88%	26.61%	24.61%	32.39%	21.68%
Net Profit	3	5	4	4	3
	2	3	3	2	0
Equity Capital	17	17	17	17	17
Reserves	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	17	17	17	17	17
Reserves	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2025

: 14
: 9
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 1
: 3
Tax %: 23.88%
Net Profit: 3
: 2
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 15
: 9
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 1
Depreciation: 1
: 6
Tax %: 26.61%
Net Profit: 5
: 3
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 21
: 14
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 1
: 6
Tax %: 24.61%
Net Profit: 4
: 3
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 31
: 26
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 1
Depreciation: 1
: 5
Tax %: 32.39%
Net Profit: 4
: 2
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 16
: 13
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 1
: 4
Tax %: 21.68%
Net Profit: 3
: 0
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 17
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	10	49	50	53	83
	5	29	29	32	62
Operating Profit	5	20	20	22	—
OPM %	54	41	41	41	—
Other Income	1	1	0	1	6
Interest	0	1	1	2	4
Depreciation	0	1	1	2	4
	5	18	18	17	21
Tax %	22	26	26	25	27
Net Profit	4	13	13	13	15
EPS	0	0	8	8	—
Dividend Payout %	41	13	14	14	—
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	2	8	8	8	—
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	2	8	8	8	—

Mar 2022

: 10
: 5
Operating Profit: 5
OPM %: 54
Other Income: 1
Interest: 0
Depreciation: 0
: 5
Tax %: 22
Net Profit: 4
EPS: 0
Dividend Payout %: 41
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2023

: 49
: 29
Operating Profit: 20
OPM %: 41
Other Income: 1
Interest: 1
Depreciation: 1
: 18
Tax %: 26
Net Profit: 13
EPS: 0
Dividend Payout %: 13
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8

Mar 2024

: 50
: 29
Operating Profit: 20
OPM %: 41
Other Income: 0
Interest: 1
Depreciation: 1
: 18
Tax %: 26
Net Profit: 13
EPS: 8
Dividend Payout %: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8

Mar 2025

: 53
: 32
Operating Profit: 22
OPM %: 41
Other Income: 1
Interest: 2
Depreciation: 2
: 17
Tax %: 25
Net Profit: 13
EPS: 8
Dividend Payout %: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 8

TTM

: 83
: 62
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 4
Depreciation: 4
: 21
Tax %: 27
Net Profit: 15
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 76%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 53%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: -9%
1 Year:: -33%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 32%
Last Year:: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-
Equity Capital	15	17	17	17
	4	25	36	48
	1	0	0	7
Trade Payables	1	2	5	2
	20	10	33	31
Total Liabilities	41	53	90	103
ASSETS	-	-	-	-
	19	22	32	58
Capital Work in Progress	2	8	19	0
	2	0	1	1
	4	5	8	9
	0	0	15	14
	14	18	16	21
Total Assets	41	53	90	103
Total Debt	19	4	25	29
Net Working Capital	14	15	19	16
Contingent Liabilities	0	0	0	0
Book Value per Share	12.21	24.81	31.89	38.64
Face Value	10.00	10.00	10.00	10.00
Total Debt	19	4	25	29
Net Working Capital	14	15	19	16
Contingent Liabilities	0	0	0	0
Book Value per Share	12.21	24.81	31.89	38.64
Face Value	10.00	10.00	10.00	10.00

Mar 2022

Equity Capital: 15
: 4
: 1
Trade Payables: 1
: 20
Total Liabilities: 41
: 19
Capital Work in Progress: 2
: 2
: 4
: 0
: 14
Total Assets: 41
Total Debt: 19
Net Working Capital: 14
Contingent Liabilities: 0
Book Value per Share: 12.21
Face Value: 10.00
Total Debt: 19
Net Working Capital: 14
Contingent Liabilities: 0
Book Value per Share: 12.21
Face Value: 10.00

Mar 2023

Equity Capital: 17
: 25
: 0
Trade Payables: 2
: 10
Total Liabilities: 53
: 22
Capital Work in Progress: 8
: 0
: 5
: 0
: 18
Total Assets: 53
Total Debt: 4
Net Working Capital: 15
Contingent Liabilities: 0
Book Value per Share: 24.81
Face Value: 10.00
Total Debt: 4
Net Working Capital: 15
Contingent Liabilities: 0
Book Value per Share: 24.81
Face Value: 10.00

Mar 2024

Equity Capital: 17
: 36
: 0
Trade Payables: 5
: 33
Total Liabilities: 90
: 32
Capital Work in Progress: 19
: 1
: 8
: 15
: 16
Total Assets: 90
Total Debt: 25
Net Working Capital: 19
Contingent Liabilities: 0
Book Value per Share: 31.89
Face Value: 10.00
Total Debt: 25
Net Working Capital: 19
Contingent Liabilities: 0
Book Value per Share: 31.89
Face Value: 10.00

Mar 2025

Equity Capital: 17
: 48
: 7
Trade Payables: 2
: 31
Total Liabilities: 103
: 58
Capital Work in Progress: 0
: 1
: 9
: 14
: 21
Total Assets: 103
Total Debt: 29
Net Working Capital: 16
Contingent Liabilities: 0
Book Value per Share: 38.64
Face Value: 10.00
Total Debt: 29
Net Working Capital: 16
Contingent Liabilities: 0
Book Value per Share: 38.64
Face Value: 10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-11	15	13	13
Cash from Investing	-23	-9	-32	-14
Cash from Financing	34	-7	19	0
	0	-0	-0	0
Free Cash Flow	-11	6	-9	3
OCF / Net Profit	-3.00	1.15	0.98	1.03
Cumulative 5-Year FCF	0	0	0	0
OCF / Net Profit	-3.00	1.15	0.98	1.03
Cumulative 5-Year FCF	0	0	0	0

Mar 2022

: -11
Cash from Investing: -23
Cash from Financing: 34
: 0
Free Cash Flow: -11
OCF / Net Profit: -3.00
Cumulative 5-Year FCF: 0
OCF / Net Profit: -3.00
Cumulative 5-Year FCF: 0

Mar 2023

: 15
Cash from Investing: -9
Cash from Financing: -7
: -0
Free Cash Flow: 6
OCF / Net Profit: 1.15
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.15
Cumulative 5-Year FCF: 0

Mar 2024

: 13
Cash from Investing: -32
Cash from Financing: 19
: -0
Free Cash Flow: -9
OCF / Net Profit: 0.98
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.98
Cumulative 5-Year FCF: 0

Mar 2025

: 13
Cash from Investing: -14
Cash from Financing: 0
: 0
Free Cash Flow: 3
OCF / Net Profit: 1.03
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.03
Cumulative 5-Year FCF: 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-
EPS (₹)	2.43	7.98	8.08	7.85
Book Value (₹)	12.21	24.81	31.89	38.64
Dividend per Share (₹)	1.00	1.00	1.10	1.10
Cash EPS (₹)	2.57	8.61	8.86	9.15
PROFITABILITY	-	-	-	-
Operating Margin %	53.73%	40.27%	40.52%	38.40%
Net Margin %	37.31%	26.80%	26.96%	24.66%
ROE %	19.90%	44.55%	28.50%	22.25%
ROCE %	13.36%	45.58%	31.03%	22.61%
	8.95%	28.40%	18.79%	13.46%
EFFICIENCY	-	-	-	-
Debtor Days	407	81	95	99
Inventory Days	165	36	49	59
Payable Days	225	41	99	88
	347	75	45	70
FINANCIAL HEALTH	-	-	-	-
Debt to Equity (x)	1.06x	0.10x	0.48x	0.45x
Interest Coverage (x)	14.86x	20.80x	17.08x	9.88x
	5.01x	3.18x	2.67x	2.08x
GROWTH	-	-	-	-
Revenue Growth %	0.00%	403.90%	1.69%	6.08%
Operating Profit Growth %	0.00%	279.59%	2.54%	5.36%
Net Profit Growth %	0.00%	263.68%	1.21%	-2.88%
	0.00%	0.00%	1.21%	-2.88%
VALUATION	-	-	-	-
P/E (x)	0.00x	0.00x	27.79x	28.56x
P/B (x)	0.00x	0.00x	7.04x	5.80x
Dividend Yield %	0.00%	0.00%	0.49%	0.49%
	0.00x	0.00x	19.48x	18.63x

Mar 2022

EPS (₹): 2.43
Book Value (₹): 12.21
Dividend per Share (₹): 1.00
Cash EPS (₹): 2.57
Operating Margin %: 53.73%
Net Margin %: 37.31%
ROE %: 19.90%
ROCE %: 13.36%
: 8.95%
Debtor Days: 407
Inventory Days: 165
Payable Days: 225
: 347
Debt to Equity (x): 1.06x
Interest Coverage (x): 14.86x
: 5.01x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 7.98
Book Value (₹): 24.81
Dividend per Share (₹): 1.00
Cash EPS (₹): 8.61
Operating Margin %: 40.27%
Net Margin %: 26.80%
ROE %: 44.55%
ROCE %: 45.58%
: 28.40%
Debtor Days: 81
Inventory Days: 36
Payable Days: 41
: 75
Debt to Equity (x): 0.10x
Interest Coverage (x): 20.80x
: 3.18x
Revenue Growth %: 403.90%
Operating Profit Growth %: 279.59%
Net Profit Growth %: 263.68%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 8.08
Book Value (₹): 31.89
Dividend per Share (₹): 1.10
Cash EPS (₹): 8.86
Operating Margin %: 40.52%
Net Margin %: 26.96%
ROE %: 28.50%
ROCE %: 31.03%
: 18.79%
Debtor Days: 95
Inventory Days: 49
Payable Days: 99
: 45
Debt to Equity (x): 0.48x
Interest Coverage (x): 17.08x
: 2.67x
Revenue Growth %: 1.69%
Operating Profit Growth %: 2.54%
Net Profit Growth %: 1.21%
: 1.21%
P/E (x): 27.79x
P/B (x): 7.04x
Dividend Yield %: 0.49%
: 19.48x

Mar 2025

EPS (₹): 7.85
Book Value (₹): 38.64
Dividend per Share (₹): 1.10
Cash EPS (₹): 9.15
Operating Margin %: 38.40%
Net Margin %: 24.66%
ROE %: 22.25%
ROCE %: 22.61%
: 13.46%
Debtor Days: 99
Inventory Days: 59
Payable Days: 88
: 70
Debt to Equity (x): 0.45x
Interest Coverage (x): 9.88x
: 2.08x
Revenue Growth %: 6.08%
Operating Profit Growth %: 5.36%
Net Profit Growth %: -2.88%
: -2.88%
P/E (x): 28.56x
P/B (x): 5.80x
Dividend Yield %: 0.49%
: 18.63x

Shareholding Pattern

Numbers in percentages

TRADES

	Sep 2023	Mar 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Mar 2026	Jun 2026
	73.49	73.49	74.46	74.51	74.68	74.68	74.75	74.90	74.90
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.11	0.11
	1.34	1.34	1.54	2.01	2.84	3.03	3.03	2.38	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	25.17	25.17	23.99	23.48	22.48	22.29	22.22	22.61	24.98

Sep 2023

: 73.49
: 0.00
: 1.34
Government: 0.00
: 25.17

Mar 2024

: 73.49
: 0.00
: 1.34
Government: 0.00
: 25.17

Sep 2024

: 74.46
: 0.00
: 1.54
Government: 0.00
: 23.99

Dec 2024

: 74.51
: 0.00
: 2.01
Government: 0.00
: 23.48

Mar 2025

: 74.68
: 0.00
: 2.84
Government: 0.00
: 22.48

Jun 2025

: 74.68
: 0.00
: 3.03
Government: 0.00
: 22.29

Sep 2025

: 74.75
: 0.00
: 3.03
Government: 0.00
: 22.22

Mar 2026

: 74.90
: 0.11
: 2.38
Government: 0.00
: 22.61

Jun 2026

: 74.90
: 0.11
: 0.00
Government: 0.00
: 24.98

Documents

Announcements

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Annual Reports

Credit Ratings

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Concalls

May 2026
TranscriptPPTREC
Feb 2026
Transcript PPTREC
Nov 2025
Transcript PPTREC