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 ₹ 9,470 Cr.
- Current Price ₹ 1,916
- High / Low ₹ 2,430 / 1,652
- Stock P/E 23.6
- Book Value ₹ 558
- Dividend Yield 0.76 %
- 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: | 21% |
| 3 Years: | -5% |
| 1 Year: | -18% |
| 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
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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.
2d - 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.
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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
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
15 Nov - Q2 revenue Rs13,090.6m, PBT Rs1,406.2m; demerger; capex ₹8,000–9,500m and ₹4,100–5,100m by 2030.
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
from nse
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Concalls
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Aug 2025TranscriptPPT
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May 2025Transcript PPT REC
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Apr 2025TranscriptNotesPPT
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Aug 2024TranscriptPPT
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Aug 2023TranscriptPPT
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Aug 2022TranscriptPPT
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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]