Arthneeti

SKP Bearing Industries Q1 FY27 Share Price & Earnings Call Analysis

₹162.95+4.62% today
Market cap
₹271 Cr
P/E
458.48
ROE
1.79%
Price to sales
2.64
Debt to equity
0.88
52W high / low
₹227 / ₹140
EBITDA margin
9.45%
Net profit margin
0.86%
Promoter holding
74.90%
Sales (last year)
₹103 Cr

Incorporated in 1992, SKP Bearings Ltd manufactures & supplies Precision needle rollers, cylindrical rollers, pins and balls[1]

Guidance scorecard · Q1 FY27 call

What SKP Bearing's management guided
and where it ranks in Industrial Products

Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookRising

RevenueQ4 FY26 call

10–20%
  • The company has a very positive and optimistic outlook for future growth with good visibility on customer expansions and addition of value-added products.
  • Target for standalone roller division revenue is INR 100 crore by FY29, up from around INR 80 crore in FY26.
  • Roller plant capacity is expanding from 120 to 200 tons per month with about 70-78% utilization currently; full utilization expected by next year.
  • Ball plant utilization expected to reach 50-60% in the current year and potentially full utilization next year.
  • Growth is driven by both onboarding new global customers and increasing wallet share from existing customers.

2 more points from SKP Bearing's call on revenue

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Full Q4 FY26 analysis

MarginsQ4 FY26 call

Flat

See what SKP Bearing said on margins — free account, 30 seconds.

Full Q4 FY26 analysis

CapexQ4 FY26 call

Planned
  • SKP is focused on expanding capacity, particularly in the roller division, increasing from around 1,320 tons to 1,700 tons per annum and targeting 2,400 tons in the near future (expected completion in FY27).
  • Ball plant capacity was recently added with 2,000 metric tons per annum and utilization is increasing from 240 to 340 tons.
  • Expansion activities are ongoing with staggered ramp-up due to customer validations and approvals.
  • Investment plans include new product development and adding value-added products, which are at different stages of validation for future revenue.
  • There is a strategic focus on operational efficiency, new technologies, and maintaining integrated supplier status for global customers.
  • SKP aims for reaching 80-90% utilization in the ball plant as early as possible due to available capacity.

2 more points from SKP Bearing's call on capex

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Full Q4 FY26 analysis

FundraisingQ4 FY26 call

See what SKP Bearing said on fundraising — free account, 30 seconds.

Full Q4 FY26 analysis

Order bookQ4 FY26 call

Rising
  • The company has discussed multiple large customers, some with over 100 plants globally, indicating significant order potential.
  • There is visibility of future expansions and good customer levels, including new premium customers and increased wallet share from existing ones.
  • Capacity allocations for the ball business are well-defined with gradual ramp-up expected to 50-60% utilization in the current year and full utilization potentially next year.
  • The roller division is expanding capacity from around 1,320 tons (110 tons/month) to 1,700 tons and aiming for 200 tons/month soon, with around 70-78% utilization currently.
  • New customer validations and order visibility for incremental production are confirmed, with both new and existing customers contributing to growth.

2 more points from SKP Bearing's call on the order book

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Full Q4 FY26 analysis
Full Industrial Products ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does SKP Bearing rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹448 Cr17.9
240%+Up 2%+₹413 Cr12.0
340%+Up 2%+₹324 Cr22.7
440%+Up 0–2%₹1,496 Cr32.8
540%+Up 0–2%₹1,079 Cr12.7
640%+Flat₹827 Cr21.4

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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products ranking

Financials of SKP Bearing

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of SKP Bearing

Quarterly Results

Quarter-by-quarter operating performance

Jun 2025Sep 2025Dec 2025
Sales +22.1217.8424.77
Expenses +19.5113.3223.37
Operating Profit2.614.521.40
OPM %11.80%25.34%5.65%
Other Income +0.242.410.42
Interest0.800.760.83
Depreciation0.881.551.06
Profit before tax1.174.62-0.07
Tax %67.52%35.71%2,014.29%
Net Profit +0.382.98-1.48
EPS in Rs0.231.80-0.89

Financials of SKP Bearing

Profit & Loss

Annual income statement trend

Mar 2024Mar 2025
Sales +51.6670.33
Expenses +34.2159.29
Operating Profit17.4511.04
OPM %33.78%15.70%
Other Income +0.260.71
Interest1.121.96
Depreciation1.312.45
Profit before tax15.287.34
Tax %30.10%59.40%
Net Profit +10.682.97
EPS in Rs6.431.79
Dividend Payout %17.10%62.04%

Financials of SKP Bearing

Balance Sheet

Capital structure and asset base

Mar 2024Mar 2025Sep 2025
Equity Capital16.6016.6016.60
Reserves33.5934.5834.37
Borrowings +25.2128.9034.61
Other Liabilities +14.8716.6719.91
Total Liabilities90.2796.75105.49
Fixed Assets +32.3259.7962.12
CWIP18.530.000.00
Investments0.020.110.12
Other Assets +39.4036.8543.25
Total Assets90.2796.75105.49

Financials of SKP Bearing

Cash Flows

Operating, investing and financing cash movement

Mar 2024Mar 2025
Cash from Operating Activity +6.875.95
Cash from Investing Activity +-23.08-8.23
Cash from Financing Activity +19.07-0.09
Net Cash Flow2.86-2.37
Free Cash Flow-5.20-23.74
CFO/OP57%86%

Financials of SKP Bearing

Ratios

Working capital efficiency and return ratios

Mar 2024Mar 2025
Debtor Days115.9483.35
Inventory Days
Days Payable
Cash Conversion Cycle115.9483.35
Working Capital Days133.5476.45
ROCE %11.96%

Guidance history

How SKP Bearing's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q4 FY26 call →10–20%FlatPlanned—Rising
Q3 FY26 call →10–20%FlatPlanned——
Q2 FY26 call →20–40%FlatPlanned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

Continue your research

What SKP Bearing's management said in earlier quarters

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