SKF India Ltd

SKF India Ltd

₹ 5,004 -1.18%
14 May - close price
About

SKF India Ltd is a leading supplier of products, solutions & services within rolling bearing, seals, mechatronics, and lubrication systems.[1]

Key Points

Product Portfolio
The company's product portfolio primarily consists of bearings, seals and lubrication systems. It develops solutions for its customers across automotive and industrial sectors through its 5 technology-centric platforms i.e. bearings and units, seals, mechatronics, lubrication solutions and services. [1]

  • Market Cap 24,737 Cr.
  • Current Price 5,004
  • High / Low 5,535 / 4,024
  • Stock P/E 44.8
  • Book Value 543
  • Dividend Yield 0.80 %
  • ROCE 29.2 %
  • ROE 22.0 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 57.4%
  • Company's working capital requirements have reduced from 64.9 days to 47.8 days

Cons

  • Stock is trading at 9.22 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Bearings Industry: Bearings

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
848 694 966 967 1,039 1,055 1,078 1,077 1,095 1,150 1,125 1,092 1,203
699 580 807 844 880 871 864 893 928 947 1,004 920 990
Operating Profit 148 114 160 123 159 184 214 184 167 203 121 172 213
OPM % 17% 16% 17% 13% 15% 17% 20% 17% 15% 18% 11% 16% 18%
5 6 9 16 2 9 10 13 20 23 20 24 35
Interest 0 0 1 0 1 0 0 0 0 0 0 0 0
Depreciation 14 14 12 16 15 16 17 17 17 18 19 19 19
Profit before tax 139 106 156 123 146 176 207 180 170 207 122 177 230
Tax % 24% 25% 25% 28% 25% 27% 25% 35% 28% 26% 26% 25% 24%
105 79 118 89 109 129 156 117 123 154 90 132 175
EPS in Rs 21.20 16.00 23.78 17.96 22.14 26.12 31.52 23.60 24.87 31.24 18.20 26.73 35.44
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,671 3,666 4,305 4,570
2,251 3,111 3,556 3,853
Operating Profit 420 555 749 718
OPM % 16% 15% 17% 16%
36 35 52 94
Interest 2 2 2 1
Depreciation 58 57 67 75
Profit before tax 396 531 733 736
Tax % 25% 26% 28% 25%
298 395 525 552
EPS in Rs 60.21 79.89 106.17 111.61
Dividend Payout % 24% 18% 38% 116%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 20%
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 23%
TTM: 5%
Stock Price CAGR
10 Years: 20%
5 Years: 22%
3 Years: 29%
1 Year: 12%
Return on Equity
10 Years: %
5 Years: %
3 Years: 23%
Last Year: 22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 49 49 49 49
Reserves 1,514 1,836 2,292 2,633
18 16 14 12
721 713 822 957
Total Liabilities 2,303 2,615 3,178 3,651
345 402 424 472
CWIP 65 52 63 89
Investments 2 2 2 9
1,890 2,158 2,688 3,081
Total Assets 2,303 2,615 3,178 3,651

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
324 57 690 624
654 -33 -45 -158
-652 -78 -79 -204
Net Cash Flow 326 -53 567 262

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 80 68 58 60
Inventory Days 109 110 98 90
Days Payable 135 83 86 94
Cash Conversion Cycle 54 96 69 56
Working Capital Days 61 87 59 48
ROCE % 31% 34%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58%
5.11% 6.45% 6.37% 6.33% 6.47% 6.36% 6.48% 6.51% 6.42% 6.46% 6.61% 6.77%
27.90% 28.73% 28.54% 28.26% 28.56% 29.02% 28.97% 29.09% 29.37% 29.20% 28.98% 29.00%
14.42% 12.24% 12.52% 12.84% 12.39% 12.05% 11.98% 11.81% 11.66% 11.77% 11.83% 11.65%
No. of Shareholders 30,83931,42437,30241,00940,45644,61045,53443,09842,35942,37746,56245,970

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls