SKF India Ltd

SKF India Ltd

₹ 1,916 -1.18%
28 Nov - 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

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]

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
1,078 1,077 1,095 1,150 1,125 1,092 1,203 1,206 399 1,256 1,213 462 496
864 893 928 947 1,001 920 990 1,013 336 1,135 929 389 438
Operating Profit 215 184 167 203 124 172 213 194 63 121 285 74 58
OPM % 20% 17% 15% 18% 11% 16% 18% 16% 16% 10% 23% 16% 12%
10 13 20 23 18 24 35 40 59 48 12 77 74
Interest 0 0 0 0 0 0 0 0 -0 0 0 -0 0
Depreciation 17 17 17 18 19 19 19 20 13 21 22 16 15
Profit before tax 208 180 170 208 122 177 229 214 109 147 275 135 116
Tax % 25% 35% 28% 26% 26% 25% 24% 26% 13% 26% 26% 12% 9%
156 116 123 155 90 132 175 159 94 110 203 119 106
EPS in Rs 31.57 23.58 24.87 31.28 18.26 26.76 35.39 32.19 19.10 22.20 41.05 24.01 21.39
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58%
6.48% 6.51% 6.42% 6.46% 6.61% 6.77% 7.93% 8.25% 8.32% 8.21% 7.55% 6.98%
28.97% 29.09% 29.37% 29.20% 28.98% 29.00% 28.12% 27.32% 27.15% 26.51% 26.61% 27.01%
11.98% 11.81% 11.66% 11.77% 11.83% 11.65% 11.38% 11.86% 11.93% 12.68% 13.27% 13.42%
No. of Shareholders 45,53443,09842,35942,37746,56245,97048,47758,53560,29566,26466,53466,337

* 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.

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