Thread by @KeshavKabra05

#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