#SKPbearings
-Company is the in space of manufacturing of Steel Balls,Needle Rollers, Cylinders Rollers and Pins.
-It exports its products to Brazil,Argentina,UAE etc.
-Second part of the co is into Power & Electricity Generation Business.
1/n..
-It has 3 windmills in Maharashtra, Gujarat & MP.
-Company also has a solar plant in MP.
-90% of the business comes from needle and Rollers business rest 10% comes from Power business.
2/n..
1-IPO size 30.80cr of which (11.20cr is for fresh issue & 19.60cr offer for sale)
2-PAT has increased 26% yoy & stands at 940 lakh till January 22.
3-Company has repaid the debt of 36lakh & is “debt free”.
3/n..
4-Company assets stand at 5079lakh as of jan 22
5-Financial ratio as per data:
4/n..
Positives:
1-Debt free.
2-manufacturing of multiple rolling elements under one roof.
3-experienced promoters
4-good chance to grow in both auto ancillary & power generation.
5-Valuations looks attractive.
Negatives:
1-From 30cr of issue 19cr is for OFS.
5/n..
I will wait till the last day to look at the interest of HNI’s and the GMP.
As of now the GMP is nil.
Your views? @Maaachaaa69 @VRtrendfollower @nakulvibhor
#HappyInvesting
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