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 ₹ 24,791 Cr.
- Current Price ₹ 5,008
- High / Low ₹ 5,489 / 3,541
- Stock P/E 47.2
- Book Value ₹ 526
- Dividend Yield 0.29 %
- 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
- Stock is trading at 9.53 times its book value
- The company has delivered a poor sales growth of 11.6% over past five years.
* 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 | 4,997 | |
2,014 | 2,132 | 2,636 | 2,295 | 2,316 | 2,549 | 2,492 | 2,251 | 3,110 | 3,556 | 3,853 | 4,174 | 4,299 | |
Operating Profit | 261 | 281 | 362 | 336 | 435 | 486 | 349 | 420 | 556 | 749 | 718 | 745 | 697 |
OPM % | 11% | 12% | 12% | 13% | 16% | 16% | 12% | 16% | 15% | 17% | 16% | 15% | 14% |
41 | 79 | 101 | 87 | 71 | 92 | 104 | 36 | 35 | 52 | 94 | 101 | 99 | |
Interest | 0 | 0 | 0 | 0 | 5 | 8 | 9 | 2 | 2 | 2 | 1 | 1 | 1 |
Depreciation | 49 | 54 | 68 | 48 | 46 | 46 | 57 | 58 | 57 | 67 | 75 | 83 | 86 |
Profit before tax | 253 | 306 | 394 | 376 | 455 | 524 | 387 | 396 | 531 | 733 | 736 | 763 | 710 |
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 | 525 | |
EPS in Rs | 31.62 | 38.45 | 48.53 | 46.25 | 57.64 | 67.92 | 58.46 | 60.22 | 79.92 | 106.15 | 111.61 | 114.45 | 106.27 |
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: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 17% |
3 Years: | 13% |
TTM: | -6% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 28% |
3 Years: | 3% |
1 Year: | -7% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 53 | 53 | 53 | 53 | 51 | 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 |
0 | 0 | 65 | 34 | 85 | 90 | 22 | 18 | 16 | 14 | 12 | 7 | |
420 | 495 | 419 | 459 | 522 | 510 | 542 | 721 | 713 | 822 | 957 | 959 | |
Total Liabilities | 1,695 | 1,911 | 2,149 | 2,304 | 2,444 | 2,297 | 2,469 | 2,303 | 2,615 | 3,178 | 3,651 | 3,564 |
376 | 347 | 298 | 299 | 293 | 284 | 352 | 345 | 402 | 424 | 472 | 551 | |
CWIP | 25 | 18 | 12 | 35 | 37 | 62 | 41 | 65 | 52 | 63 | 89 | 56 |
Investments | 0 | 20 | 19 | 149 | 154 | 44 | 197 | 2 | 2 | 2 | 9 | 9 |
1,294 | 1,526 | 1,820 | 1,821 | 1,960 | 1,906 | 1,879 | 1,890 | 2,158 | 2,688 | 3,081 | 2,948 | |
Total Assets | 1,695 | 1,911 | 2,149 | 2,304 | 2,444 | 2,297 | 2,469 | 2,303 | 2,615 | 3,178 | 3,651 | 3,564 |
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 | 83 | 86 | 94 | 80 |
Cash Conversion Cycle | 54 | 46 | 67 | 97 | 68 | 86 | 64 | 54 | 96 | 69 | 56 | 88 |
Working Capital Days | 44 | 44 | 56 | 85 | 56 | 71 | 66 | 60 | 87 | 59 | 47 | 69 |
ROCE % | 23% | 23% | 25% | 21% | 24% | 28% | 19% | 23% | 31% | 34% | 29% | 29% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1h - In compliance with Regulation 47 of the SEBI (LODR) Regulations, 2015 (the "SEBI LODR"), we are enclosing the Postal Ballot Notice published in the newspapers …
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 21h
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Disclosure Under Regulation 4(1) Of The SEBI (Prohibition Of Insider Trading) Regulations, 2015 ("Insider Trading Regulations') And Paragraph 13.2 (A) Of The Code Of Conduct For Prevention Of Insider Trading Of SKF India Limited (The 'Code'); And Disclosure Under Regulation 7(2) Of The Insider Trading Regulations.
6 Oct - AB SKF acquired 3,326,004 shares (6.73%) on Oct 1, 2025 via dividend-in-kind off-market transfer.
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Disclosure Under Regulation 4(1) Of The SEBI (Prohibition Of Insider Trading) Regulations, 2015 ("Insider Trading Regulations') And Paragraph 13.2 (A) Of The Code Of Conduct For Prevention Of Insider Trading Of SKF India Limited (The 'Code'); And Disclosure Under Regulation 7(2) Of The Insider Trading Regulations.
6 Oct - SKF Forvaltning AB distributed 196,423 shares (0.40%) to AB SKF on Oct 1, 2025 (dividend in kind)
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Disclosure Under Regulation 4(1) Of The SEBI (Prohibition Of Insider Trading) Regulations, 2015 ("Insider Trading Regulations') And Paragraph 13.2 (A) Of The Code Of Conduct For Prevention Of Insider Trading Of SKF India Limited (The 'Code'); And Disclosure Under Regulation 7(2) Of The Insider Trading Regulations.
6 Oct - SKF (U.K.) disposed 3,129,581 shares (6.33%) to Aktiebolaget SKF on Oct 1, 2025 (off-market, dividend in-kind).
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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Aug 2025Transcript PPT
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Jul 2025Transcript PPT
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May 2025Transcript PPT REC
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Apr 2025Transcript PPT
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Apr 2025TranscriptNotesPPT
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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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Aug 2023Transcript PPT
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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]