SKP Bearing Industries Limited expanded its manufacturing capacity and outlined medium-term revenue targets in its Q3 and nine-month FY26 investor presentation. The company is scaling up roller production, increasing installed capacities across plants, and targeting standalone India revenue of INR 1 billion by FY29.
Plant 2, which specialises in rollers, is expanding capacity from approximately 120 tons per month to 200 tons per month by Q4 FY26 through debottlenecking, automation and new machinery. Current output stands at around 120 tons per month, with utilisation at approximately 90 percent.
Across its Indian facilities, SKP reports a combined annual production capacity of more than 1,200 million pieces. The plants operate integrated superfinishing lines with automated grading, sorting systems and in-line visual inspection.
Installed capacity at the roller plant increased from 1,320 to 1,800 by 9M FY26. Utilisation reached 92 percent based on pre-expansion annualised capacity of 2,400 metric tons per annum. At the ball plant, installed capacity increased from 480 to 1,500 by 9M FY26. Utilisation is reported at 23 percent on pre-expansion annualised capacity of 2,000 metric tons per annum.
Plant 3, dedicated to steel ball production, was commissioned in late 2023, with commercial production starting in March 2025. Installed capacity stands at approximately 200 tons per month, equivalent to 2,000 metric tons per annum. The company has indicated Phase 2 expansion potential to 4,800 metric tons per annum. Capital expenditure of INR 180 million was completed in FY25 for the facility.
The company has also set a standalone India revenue target of INR 1 billion by FY29. In addition, it expects operational stabilisation and improved performance at its France subsidiary by Q4 FY26.
SKP acquired Valette & Gaurand Industries in France to establish a European manufacturing base. A key customer engagement is projected to generate revenue potential of approximately INR 1 billion by FY30, enabling dual sourcing across the customer’s global facilities.
On the financial front, consolidated revenue from operations increased from INR 516.6 million in FY24 to INR 703.3 million in FY25. EBITDA margin declined to 15.7 percent, compared with 33.8 percent in FY24, due to high initial operating costs in France. Standalone property, plant and equipment increased from INR 317.9 million in FY24 to INR 582.8 million in FY25, reflecting expansion-related capital deployment.
In the steel ball segment, the company estimates an addressable market of approximately INR 12 billion. The portfolio includes steel balls in sizes ranging from 0.6 millimetres to 22.5 millimetres, catering to automotive and industrial applications.
SKP Bearing Industries Limited, founded in 1991 and headquartered in Surendranagar, Gujarat, manufactures needle rollers, cylindrical rollers, precision pins and steel balls, and operates manufacturing facilities in India and France.
