SKP Bearing Industries Ltd

Q1 FY27Industrial Products

SKP Bearing Industries Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹171

Market cap₹284 Cr

P/E481.1

Published14 Sept 2026

The short version

SKP is steadily increasing capacity from about 80-100 tons earlier to around 1,800 tons now, operating at ~80% utilization (Page 20). - Expects positive growth outlook for the India entity and good customer feedback on products (Page 20). - Export revenue targeted to grow from 5-10% this year to approx. SKP expects significant improvement in performance during FY27, with a positive outlook for the India entity and ball manufacturing segment.

From SKP Bearing Industries Ltd's Q1 FY27 earnings-call transcript · updated 14 Sept 2026.

Revenue & Sales Performance

SKP is steadily increasing capacity from about 80-100 tons earlier to around 1,800 tons now, operating at ~80% utilization (Page 20).
Expects positive growth outlook for the India entity and good customer feedback on products (Page 20).
Export revenue targeted to grow from 5-10% this year to approx. 20% in 2-3 years, with organic growth (Page 18).
New customer additions and increased share of business from existing customers are driving growth (Pages 16, 11).
Ball plant aiming to increase utilization from 17% in Q1 FY27 to 50%-60% in near term, potentially generating ~INR30 crore revenue at 50% utilization (Pages 7, 16).
France business expected to reach breakeven around Q4 FY27 with volume ramp-up (Page 18).
Overall, growth driven by diversified customers across geographies and sectors including automotive and defense (Pages 15, 11).

Profitability & Margins

SKP expects significant improvement in performance during FY27, with a positive outlook for the India entity and ball manufacturing segment.
Export revenues are targeted to grow from 5-10% in the current year, aiming to reach around 20% of revenue in the next 2-3 years organically.
France subsidiary is expected to break even by Q4 FY27, supported by confirmed increases in share of business from existing and new customers.
Return on capital employed (ROCE) for core Indian manufacturing is strong, approximately 40-50%, with ambitions to achieve profit before tax of 20% at INR 150-160 crores revenue in coming years.
Capacity utilization improvements are anticipated, especially in the ball plant, moving towards 50-60%, potentially leading to INR 30 crores revenue and better operating leverage.
Overall, despite some short-term challenges, management is confident about steady growth in earnings, profitability, and EPS over the next few years.

See what SKP Bearing Industries Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Majority of major CapEx already completed; current CapEx is normal and ongoing (de-bottlenecking, R&D, machine upgrades).
No substantial new CapEx expected that will significantly impact expenses.
Some customer-need-based investments possible, linked to projected volumes and specific testing or requirements.
France subsidiary requires continued capital infusion until break-even; losses have reduced but compliance and social contribution costs persist.
Potential new investments under consideration for future growth and new customer requirements in France, but not finalized.
CapEx for FY27 and FY28 primarily normal expansion, machinery upgrades, and quality improvements.
Return on capital employed for India estimated at approximately 40% to 60%; France returns expected to be higher after turnaround.
Management monitors customer needs closely before finalizing any new capital investments.

Fundraising & Capital Structure

SKP France subsidiary will require further meaningful capital infusion from the parent over FY27 and FY28 until it reaches breakeven, necessitating continued cash injections to support operations.
Financial support will also be needed to comply with legal requirements such as taxes and social contributions, as well as to meet new customer-specific requirements with high potential.
Regarding loan restructuring, SKP France has incurred one-time financial costs related to banking system changes aimed at obtaining better loan products.
There is no mention of a planned new equity fundraising.
Normal capex for India operations will continue, focusing on de-bottlenecking, R&D, and machinery upgrades, but no substantial new investments or fundraising are currently disclosed.

See what SKP Bearing Industries Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

SKP has received letter of nominations from approximately 3 to 4 global sites for Indian entity and others for French entity, with business already started.
Exports percentage is slowly increasing, reflecting order book growth.
For the ball plant, about 4 to 5 customers are in the sampling stage, with commercial terms mostly settled for others, awaiting customers' decision to switch sourcing from China or current suppliers.
Management highlighted a customer opportunity with potential revenue of approx. INR 100 crore by FY30 across global facilities, progressing well with steady order conversion visibility.
Sample submissions and validations with key French customers are ongoing, expected to drive order ramp-up and improve utilization in coming quarters.
SOP (Schedule of Production) revisions are expected in Q3 FY27 (Sep-Dec), which should positively impact order book and revenues.
Overall, orderbook growth is gradual and organic, aligned with customer onboarding and validation processes.

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SKP Bearing Industries Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Jun 2025

Sep 2025

Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹25 Cr, net loss ₹1 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What SKP Bearing Industries Ltd's management said in earlier quarters

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Frequently Asked Questions

What were SKP Bearing Industries Ltd Q1 FY27 results?

What is SKP Bearing Industries Ltd share price analysis?

SKP Bearing Industries Ltd currently shows a neutral. The stock trades at a P/E of 481.1 with a market cap of ₹284 Cr. Investors should review the full earnings analysis for detailed insights.

Is SKP Bearing Industries Ltd planning capital expenditure?

Majority of major CapEx already completed; current CapEx is normal and ongoing (de-bottlenecking, R&D, machine upgrades).

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.