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 ₹ 7,935 Cr.
- Current Price ₹ 1,606
- High / Low ₹ 2,396 / 1,404
- Stock P/E 27.2
- Book Value ₹ 269
- Dividend Yield 0.90 %
- ROCE 24.2 %
- ROE 14.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 67.8%
Cons
- The company has delivered a poor sales growth of 7.10% 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.
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 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 2,671 | 3,666 | 4,305 | 4,570 | 4,920 | 3,763 | |
| 2,251 | 3,111 | 3,556 | 3,853 | 4,175 | 3,315 | |
| Operating Profit | 420 | 555 | 749 | 718 | 745 | 449 |
| OPM % | 16% | 15% | 17% | 16% | 15% | 12% |
| 36 | 35 | 52 | 94 | 102 | 63 | |
| Interest | 2 | 2 | 2 | 1 | 1 | 0 |
| Depreciation | 58 | 57 | 67 | 75 | 83 | 78 |
| Profit before tax | 396 | 531 | 733 | 736 | 763 | 433 |
| Tax % | 25% | 26% | 28% | 25% | 26% | 39% |
| 298 | 395 | 525 | 552 | 566 | 266 | |
| EPS in Rs | 60.26 | 79.95 | 106.25 | 111.70 | 114.56 | 53.83 |
| Dividend Payout % | 24% | 18% | 38% | 116% | 13% | 74% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | -4% |
| TTM: | -24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 0% |
| 3 Years: | -18% |
| TTM: | -48% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 8% |
| 3 Years: | -8% |
| 1 Year: | -26% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 20% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 49 | 49 | 49 | 49 | 49 | 49 |
| Reserves | 1,514 | 1,836 | 2,292 | 2,633 | 2,549 | 1,280 |
| 18 | 16 | 14 | 12 | 7 | 3 | |
| 721 | 713 | 822 | 957 | 959 | 747 | |
| Total Liabilities | 2,303 | 2,615 | 3,178 | 3,651 | 3,564 | 2,079 |
| 345 | 402 | 424 | 472 | 551 | 440 | |
| CWIP | 65 | 52 | 63 | 89 | 56 | 28 |
| Investments | 2 | 2 | 2 | 9 | 9 | 9 |
| 1,890 | 2,158 | 2,688 | 3,081 | 2,948 | 1,602 | |
| Total Assets | 2,303 | 2,615 | 3,178 | 3,651 | 3,564 | 2,079 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 324 | 57 | 690 | 624 | 203 | 363 | |
| 654 | -33 | -45 | -158 | -60 | -182 | |
| -652 | -78 | -79 | -204 | -650 | -76 | |
| Net Cash Flow | 326 | -53 | 567 | 262 | -507 | 105 |
| Free Cash Flow | 255 | -34 | 585 | 496 | 72 | 134 |
| CFO/OP | 102% | 37% | 120% | 115% | 59% | 106% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 80 | 68 | 58 | 60 | 63 | 70 |
| Inventory Days | 109 | 110 | 98 | 90 | 106 | 52 |
| Days Payable | 135 | 83 | 86 | 94 | 80 | 89 |
| Cash Conversion Cycle | 54 | 96 | 69 | 56 | 88 | 33 |
| Working Capital Days | 60 | 87 | 59 | 47 | 70 | 44 |
| ROCE % | 31% | 34% | 29% | 29% | 24% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2025 | |
|---|---|---|---|---|---|
| Net Working Capital % of Net Sales % ・Standalone data |
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| Number of Remanufacturing Centers Centers ・Standalone data |
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| Number of Manufacturing Lines - Bangalore Plant Lines ・Standalone data |
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| Sales Mix - Automotive % ・Standalone data |
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| Sales Mix - Industrial % ・Standalone data |
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| Number of Manufacturing Lines - Haridwar Plant Lines ・Standalone data |
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| Number of Manufacturing Lines - Pune Plant Lines ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Clarification To Query Raised By NSE With Respect To Limited Review Report/ Independent Auditors'' Report For Consolidated Annual Financial Results For The Quarter And Year Ended 31St March 2026
4h - SKF India corrected auditor report signing date to 13 May 2026 and filed updated report.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
26 May - We are enclosing herewith the Transcript of Analyst / Institutional Investor meeting held on Thursday, 21st May 2026 at 11:00 AM.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
21 May - SKF India shared audio link of Q4 FY26 investor earnings call held on 21 May 2026.
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Announcement under Regulation 30 (LODR)-Investor Presentation
21 May - Pursuant to Regulation 30 clause 15(a)(ii), we are hereby submitting the presentation on Analyst/Institutional Investor meet scheduled on Thursday, 21st May 2026
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 May - In compliance with Regulation 47 of SEBI (LODR) Regulations, 2015 we are enclosing the Financial results published in the newspapers of Financial Express (all India …
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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May 2026Transcript PPT
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Aug 2025TranscriptPPT
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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 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptPPT
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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]