SKF India Ltd
SKF India Ltd is a leading supplier of products, solutions & services within rolling bearing, seals, mechatronics, and lubrication systems.[1]
- Market Cap ₹ 9,005 Cr.
- Current Price ₹ 1,821
- High / Low ₹ 2,396 / 1,652
- Stock P/E 22.5
- Book Value ₹ 558
- Dividend Yield 0.80 %
- ROCE 28.8 %
- ROE 21.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 55.6%
Cons
- The company has delivered a poor sales growth of 11.6% over past five years.
- Earnings include an other income of Rs.210 Cr.
* 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
Industrials Capital Goods Industrial Products Abrasives & Bearings
Part of BSE 500 BSE Capital Goods Nifty 500 BSE SmallCap Nifty MNC
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Mar 2016 15m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,275 | 2,414 | 2,997 | 2,631 | 2,750 | 3,035 | 2,842 | 2,671 | 3,666 | 4,305 | 4,570 | 4,920 | 3,428 | |
| 2,014 | 2,132 | 2,636 | 2,295 | 2,316 | 2,549 | 2,492 | 2,251 | 3,110 | 3,556 | 3,853 | 4,174 | 2,890 | |
| Operating Profit | 261 | 281 | 362 | 336 | 435 | 486 | 349 | 420 | 556 | 749 | 718 | 745 | 538 |
| OPM % | 11% | 12% | 12% | 13% | 16% | 16% | 12% | 16% | 15% | 17% | 16% | 15% | 16% |
| 41 | 79 | 101 | 87 | 71 | 92 | 104 | 36 | 34 | 52 | 94 | 101 | 210 | |
| Interest | -0 | -0 | -0 | -0 | 5 | 8 | 9 | 2 | 2 | 2 | 1 | 1 | 0 |
| Depreciation | 49 | 54 | 68 | 48 | 46 | 46 | 57 | 58 | 57 | 67 | 75 | 83 | 74 |
| Profit before tax | 253 | 306 | 394 | 376 | 455 | 524 | 387 | 396 | 531 | 733 | 736 | 763 | 674 |
| Tax % | 34% | 34% | 35% | 35% | 35% | 36% | 25% | 25% | 26% | 28% | 25% | 26% | |
| 167 | 203 | 256 | 244 | 296 | 336 | 289 | 298 | 395 | 525 | 552 | 566 | 537 | |
| EPS in Rs | 31.64 | 38.48 | 48.56 | 46.28 | 57.68 | 67.97 | 58.50 | 60.27 | 79.99 | 106.23 | 111.69 | 114.54 | 108.65 |
| Dividend Payout % | 24% | 26% | 31% | 22% | 21% | 18% | 222% | 24% | 18% | 38% | 116% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 12% |
| 3 Years: | 10% |
| TTM: | -12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 17% |
| 3 Years: | 13% |
| TTM: | -21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 19% |
| 3 Years: | -7% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 22% |
| 3 Years: | 23% |
| Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 53 | 53 | 53 | 53 | 51 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 |
| Reserves | 1,223 | 1,363 | 1,612 | 1,758 | 1,786 | 1,648 | 1,856 | 1,514 | 1,836 | 2,292 | 2,633 | 2,549 | 2,705 |
| -0 | -0 | 65 | 34 | 85 | 90 | 22 | 18 | 16 | 14 | 12 | 7 | 2 | |
| 420 | 495 | 419 | 459 | 522 | 510 | 542 | 721 | 727 | 822 | 957 | 959 | 1,116 | |
| Total Liabilities | 1,695 | 1,911 | 2,149 | 2,304 | 2,444 | 2,297 | 2,469 | 2,303 | 2,629 | 3,178 | 3,651 | 3,564 | 3,873 |
| 376 | 347 | 298 | 299 | 293 | 284 | 352 | 345 | 402 | 424 | 472 | 551 | 408 | |
| CWIP | 25 | 18 | 12 | 35 | 37 | 62 | 41 | 65 | 52 | 63 | 89 | 56 | 56 |
| Investments | -0 | 20 | 19 | 149 | 154 | 44 | 197 | 2 | 2 | 2 | 9 | 9 | 9 |
| 1,294 | 1,526 | 1,820 | 1,821 | 1,960 | 1,906 | 1,879 | 1,890 | 2,172 | 2,688 | 3,081 | 2,948 | 3,400 | |
| Total Assets | 1,695 | 1,911 | 2,149 | 2,304 | 2,444 | 2,297 | 2,469 | 2,303 | 2,629 | 3,178 | 3,651 | 3,564 | 3,873 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 122 | 218 | 26 | 115 | 367 | 181 | 330 | 324 | 57 | 690 | 624 | 203 | |
| -165 | -3 | -174 | 147 | -265 | 306 | -154 | 654 | -33 | -45 | -158 | -60 | |
| -46 | -93 | 49 | -126 | -225 | -477 | -178 | -652 | -78 | -79 | -204 | -650 | |
| Net Cash Flow | -89 | 122 | -99 | 136 | -123 | 11 | -2 | 326 | -53 | 567 | 262 | -507 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 53 | 56 | 59 | 71 | 65 | 63 | 56 | 80 | 68 | 58 | 60 | 63 |
| Inventory Days | 65 | 71 | 65 | 94 | 92 | 95 | 92 | 109 | 110 | 98 | 90 | 106 |
| Days Payable | 64 | 82 | 57 | 68 | 89 | 72 | 84 | 135 | 85 | 86 | 94 | 80 |
| Cash Conversion Cycle | 54 | 46 | 67 | 97 | 68 | 86 | 64 | 54 | 93 | 69 | 56 | 88 |
| Working Capital Days | 44 | 44 | 56 | 85 | 56 | 71 | 65 | 60 | 86 | 59 | 47 | 69 |
| ROCE % | 23% | 23% | 25% | 21% | 24% | 28% | 19% | 23% | 31% | 34% | 29% | 29% |
Documents
Announcements
- Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011 1d
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Compliance Letter W.R.T. Observation Letter Dated March 28, 2025 Issued By BSE Limited In The Matter Of Scheme Of Arrangement Between SKF India Limited And SKF India (Industrial) Limited.
28 Nov - SKF India demerger compliance: BSE observations addressed; NCLT filed April 9, 2025; compliance letter Nov 28, 2025.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
21 Nov - NCLT-sanctioned demerger; cost allocated 46.88% to SKF India, 53.12% to SKF Industrial; record date Oct 15, 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Nov - In compliance with regulation 47 of SEBI (LODR) Regulation, 2015 we are attaching the Financial Results published in newspapers of Financial Express, Economic Times & …
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 17 Nov
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Aug 2025TranscriptPPT
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May 2025Transcript PPT REC
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Apr 2025Transcript PPT
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Apr 2025TranscriptAI SummaryPPT
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Aug 2024TranscriptPPT
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Aug 2024Transcript PPT
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Feb 2024TranscriptPPT
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Aug 2023TranscriptPPT
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Mar 2023TranscriptPPT
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Aug 2022TranscriptPPT
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Aug 2022Transcript PPT
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Jun 2022TranscriptPPT
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May 2019TranscriptPPT
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Oct 2018TranscriptPPT
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Jul 2018TranscriptPPT
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May 2018TranscriptPPT
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Feb 2018TranscriptPPT
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Oct 2017TranscriptPPT
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Aug 2017TranscriptPPT
Parent Company
The company is a subsidiary of AB SKF which holds ~53% stake through group companies. [1] AB SKF is a Swedish bearing and seal manufacturing company founded in 1907. It manufactures and supplies bearings, seals, lubrication and lubrication systems, maintenance products, mechatronics products, power transmission products, etc. It employs ~44,000 in ~110 manufacturing units around the world. [2]