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 ₹ 9,286 Cr.
- Current Price ₹ 1,878
- High / Low ₹ 2,396 / 1,652
- Stock P/E 16.7
- Book Value ₹ 558
- Dividend Yield 0.77 %
- 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 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 2,671 | 3,666 | 4,305 | 4,570 | 4,920 | 5,062 | |
| 2,251 | 3,111 | 3,556 | 3,853 | 4,175 | 4,323 | |
| Operating Profit | 420 | 555 | 749 | 718 | 745 | 739 |
| OPM % | 16% | 15% | 17% | 16% | 15% | 15% |
| 36 | 35 | 52 | 94 | 102 | 74 | |
| Interest | 2 | 2 | 2 | 1 | 1 | 1 |
| Depreciation | 58 | 57 | 67 | 75 | 83 | 89 |
| Profit before tax | 396 | 531 | 733 | 736 | 763 | 723 |
| Tax % | 25% | 26% | 28% | 25% | 26% | |
| 298 | 395 | 525 | 552 | 566 | 536 | |
| EPS in Rs | 60.26 | 79.95 | 106.25 | 111.70 | 114.56 | 108.60 |
| Dividend Payout % | 24% | 18% | 38% | 116% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 10% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 13% |
| TTM: | -1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 19% |
| 3 Years: | -6% |
| 1 Year: | -21% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 23% |
| Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 49 | 49 | 49 | 49 | 49 | 49 |
| Reserves | 1,514 | 1,836 | 2,292 | 2,633 | 2,549 | 2,705 |
| 18 | 16 | 14 | 12 | 7 | 3 | |
| 721 | 713 | 822 | 957 | 959 | 1,115 | |
| Total Liabilities | 2,303 | 2,615 | 3,178 | 3,651 | 3,564 | 3,873 |
| 345 | 402 | 424 | 472 | 551 | 594 | |
| CWIP | 65 | 52 | 63 | 89 | 56 | 170 |
| Investments | 2 | 2 | 2 | 9 | 9 | 9 |
| 1,890 | 2,158 | 2,688 | 3,081 | 2,948 | 3,099 | |
| Total Assets | 2,303 | 2,615 | 3,178 | 3,651 | 3,564 | 3,873 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 324 | 57 | 690 | 624 | 203 | |
| 654 | -33 | -45 | -158 | -60 | |
| -652 | -78 | -79 | -204 | -650 | |
| Net Cash Flow | 326 | -53 | 567 | 262 | -507 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 80 | 68 | 58 | 60 | 63 |
| Inventory Days | 109 | 110 | 98 | 90 | 106 |
| Days Payable | 135 | 83 | 86 | 94 | 80 |
| Cash Conversion Cycle | 54 | 96 | 69 | 56 | 88 |
| Working Capital Days | 60 | 87 | 59 | 47 | 70 |
| ROCE % | 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.
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.
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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
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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 2025TranscriptAI SummaryPPT
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Aug 2024TranscriptPPT
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Oct 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]