SKP Bearing Industries Ltd. stands as a leading manufacturer of rolling elements and a prominent exporter of steel balls, serving industries globally with reliable solutions. Incorporated in 1992, the company specializes in precision needle rollers, cylindrical rollers, pins, and steel balls, holding IATF-16949 certification for its precision manufacturing.
The company's journey began in 1991 as M/s. SKP Bearing Industries, evolving from a partnership firm to a distinguished public limited entity under the leadership of Chairman & Managing Director, Mr. Shrinand K. Palshikar. SKP Bearing Industries Limited has solidified its reputation in the precision engineering sector, consistently delivering high-quality products tailored to diverse industrial needs.
SKP Bearing Industries Limited is a primary manufacturer, supplier, and exporter of rollers and pins for bearings worldwide. The company focuses on producing high-quality, durable products designed for various industrial applications, where rollers are crucial for reducing frictional forces and facilitating desired relative motion. SKP also offers customized solutions based on specific customer requirements.
The company's extensive product range includes:
- Precision Needle Rollers: Available in Type BP (Flat Unground Ends), Type BR (Rounded Ends), and Type BPM (Flat Ground Ends).
- Corrosion-Free Rollers: Needle rollers, cylindrical rollers, and precision rollers for demanding industrial environments.
- Pins and Steel Balls: Catering to a broad spectrum of bearing and industrial needs.
Leveraging advanced technology and modern machinery, SKP has significantly enhanced its production capacity and product quality. This allows them to supply reputable bearing manufacturers and OEMs across India's textile, automobile, and other key industries.
SKP Bearing Industries Limited supplies its products to a wide array of industries, including textiles and automobiles, throughout India. The company has also established a notable international presence, exporting its rolling elements to customers in countries such as Brazil, Argentina, and the UAE. This global reach underscores SKP's capability to meet international quality standards and compete effectively in diverse markets.
The company has cultivated strong, long-term partnerships with leading bearing manufacturers and Original Equipment Manufacturers (OEMs), positioning itself as a trusted and reliable supplier within the precision engineering ecosystem. This focus on quality, customer satisfaction, and robust relationships has been instrumental in its sustained market presence.
- June 3, 2025: Investor presentation on FY25 results; commissioned Plant 3 with a capital expenditure of ₹14.94 Cr, signalling a commitment to expanding manufacturing capabilities and meeting growing market demands.
- June 10, 2025: Detailed FY25 earnings, announced a French acquisition, outlined capacity expansion plans, and presented its growth strategy for FY26 and beyond. Strategic international expansion through acquisitions is a key focus.
- Diversification into Renewable Energy: The company has recently ventured into the power generation business, operating wind and solar plants. This diversification demonstrates a strategic move towards renewable energy and expanding its business scope beyond core manufacturing operations.
- Market Capitalisation: ₹375 Crore (as of June 2025)
- Profit (FY ended 2024): ₹10.68 Crore on a total income of ₹51.66 Crore.
- Revenue (Recent Reporting Period): ₹50.6 Crore
- Profit (Recent Reporting Period): ₹13.2 Crore
- P/E Ratio: 36.21
- P/B Ratio: 7.70
- ROCE (FY 2022-2024 Average): 22.1% (Median: 24.5%)
Operational Efficiency Improvements:
- Debtor days have improved significantly from 201 to 111 days.
- Working capital requirements have reduced from 273 days to 137 days, indicating enhanced cash flow management and operational optimization.
- Promoter Holding: Increased to 74.68% as of March 2025 from 73.49% as of September 2023, reflecting strong promoter confidence. (Current stated Promoter Holding: 74.5%)
- Corporate Governance Updates:
- June 18, 2025: Informed about changes in Directors/Key Managerial Personnel/Auditor/Compliance Officer/Share Transfer Agent.
- June 16, 2025: Appointed Megha Agarwal as Company Secretary and Compliance Officer, effective from June 16, 2025.
As classified by Value Research, SKP Bearing Industries Ltd is a Small Cap company operating within the Industrial Machinery sector. Its major competitors include Galaxy Bearings, Bimetal Bearings, SNL Bearings, Menon Bearings, NRB Bearings, Harsha Engineers International, and Rolex Rings. Despite a competitive landscape, SKP maintains a strong market position through its unwavering focus on quality, continuous innovation, and dedicated customer service.
SKP Bearing Industries appears financially stable compared to its peers, with a lower probability of facing bankruptcy or financial distress. This financial resilience, combined with its technical expertise and expanding manufacturing capabilities, positions the company well for sustained growth in the precision engineering sector.
The company's strategic emphasis on capacity expansion, penetration into international markets, and diversification into renewable energy highlights its commitment to long-term value creation while steadfastly upholding its core competencies in the manufacturing of precision rolling elements.
