SKF India Ltd

SKF India Ltd

₹ 4,610 -0.52%
21 May 12:47 p.m.
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 22,791 Cr.
  • Current Price 4,610
  • High / Low 7,350 / 3,541
  • Stock P/E 40.3
  • Book Value 526
  • Dividend Yield 2.85 %
  • ROCE 28.8 %
  • ROE 21.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 8.70 times its book value

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,039 1,055 1,078 1,077 1,095 1,150 1,125 1,092 1,203 1,206 1,244 1,256 1,213
880 871 864 893 928 947 1,001 920 990 1,013 1,121 1,135 929
Operating Profit 159 184 214 184 167 203 124 172 213 194 124 121 285
OPM % 15% 17% 20% 17% 15% 18% 11% 16% 18% 16% 10% 10% 23%
2 9 10 13 20 23 18 24 35 40 23 48 13
Interest 1 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 15 16 17 17 17 18 19 19 19 20 20 21 22
Profit before tax 146 176 207 180 170 207 122 177 230 214 127 147 276
Tax % 25% 27% 25% 35% 28% 26% 26% 25% 24% 26% 26% 26% 26%
109 129 156 117 123 154 90 132 175 159 94 110 203
EPS in Rs 22.14 26.12 31.52 23.60 24.87 31.24 18.20 26.73 35.44 32.15 19.05 22.15 41.12
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,671 3,666 4,305 4,570 4,920
2,251 3,111 3,556 3,853 4,197
Operating Profit 420 555 749 718 723
OPM % 16% 15% 17% 16% 15%
36 35 52 94 124
Interest 2 2 2 1 1
Depreciation 58 57 67 75 83
Profit before tax 396 531 733 736 763
Tax % 25% 26% 28% 25% 26%
298 395 525 552 566
EPS in Rs 60.21 79.89 106.17 111.61 114.47
Dividend Payout % 24% 18% 38% 116% -0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 10%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 13%
TTM: 3%
Stock Price CAGR
10 Years: 13%
5 Years: 27%
3 Years: 13%
1 Year: -23%
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
Equity Capital 49 49 49 49 49
Reserves 1,514 1,836 2,292 2,633 2,549
18 16 14 12 7
721 713 822 957 959
Total Liabilities 2,303 2,615 3,178 3,651 3,564
345 402 424 472 551
CWIP 65 52 63 89 56
Investments 2 2 2 9 9
1,890 2,158 2,688 3,081 2,948
Total Assets 2,303 2,615 3,178 3,651 3,564

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 61 87 60 48 70
ROCE % 31% 34% 29% 29%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 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%
6.47% 6.36% 6.48% 6.51% 6.42% 6.46% 6.61% 6.77% 7.93% 8.25% 8.32% 8.21%
28.56% 29.02% 28.97% 29.09% 29.37% 29.20% 28.98% 29.00% 28.12% 27.32% 27.15% 26.51%
12.39% 12.05% 11.98% 11.81% 11.66% 11.77% 11.83% 11.65% 11.38% 11.86% 11.93% 12.68%
No. of Shareholders 40,45644,61045,53443,09842,35942,37746,56245,97048,47758,53560,29566,264

* 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.

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Documents

Concalls