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 ₹ 7,169 Cr.
- Current Price ₹ 1,450
- High / Low ₹ 2,396 / 1,404
- Stock P/E 30.9
- Book Value ₹ 269
- Dividend Yield 2.76 %
- 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.
Peer comparison
Industrials Capital Goods Industrial Products Abrasives & Bearings
Part of Nifty Smallcap 500 BSE Consumer Discretionary BSE 1000
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 | TTM | |
|---|---|---|---|---|---|---|---|
| 2,671 | 3,666 | 4,305 | 4,570 | 4,920 | 3,763 | 3,068 | |
| 2,251 | 3,111 | 3,556 | 3,853 | 4,175 | 3,314 | 2,699 | |
| Operating Profit | 420 | 555 | 749 | 718 | 745 | 449 | 369 |
| OPM % | 16% | 15% | 17% | 16% | 15% | 12% | 12% |
| 36 | 35 | 52 | 94 | 102 | 63 | 60 | |
| Interest | 2 | 2 | 2 | 1 | 1 | 0 | 0 |
| Depreciation | 58 | 57 | 67 | 75 | 83 | 78 | 72 |
| Profit before tax | 396 | 531 | 733 | 736 | 763 | 433 | 357 |
| Tax % | 25% | 26% | 28% | 25% | 26% | 39% | |
| 298 | 395 | 525 | 552 | 566 | 266 | 210 | |
| EPS in Rs | 60.26 | 79.95 | 106.25 | 111.70 | 114.56 | 53.83 | 42.43 |
| Dividend Payout % | 24% | 18% | 38% | 116% | 13% | 74% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | -4% |
| TTM: | -39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 0% |
| 3 Years: | -18% |
| TTM: | -56% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 0% |
| 3 Years: | -16% |
| 1 Year: | -36% |
| 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 | -706 | |
| -652 | -78 | -79 | -204 | -650 | -76 | |
| Net Cash Flow | 326 | -53 | 567 | 262 | -507 | -418 |
| Free Cash Flow | 255 | -34 | 585 | 496 | 72 | 134 |
| CFO/OP | 102% | 37% | 120% | 115% | 59% | 105% |
Ratios
Consolidated / 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 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Capital Expenditure INR Crores |
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| Exports as % of Revenue % |
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| Distributor Network Size Count |
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| Manufacturing Mix (Manufactured %) % |
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| Automotive Localization % |
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| Bearings Production Volume Million Bearings |
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| Industrial Localization % |
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| Installed Manufacturing Capacity Million Bearings per Annum |
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Extracted by Screener AI
Documents
Announcements
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Closure of Trading Window
- Trading window closes from 1 Oct 2026 until 48 hours after Q2 FY26 results.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- The Company has published a newspaper advertisement titled "Notice with respect to Special Window for re-lodgment of transfer requests of physical shares" in Financial ....
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- We are enclosing herewith the transcript of Analyst / Institutional Investor meeting held on Monday, 17th August 2026 at 1:00 pm.
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Transcript Of 65Th Annual General Meeting Held On 14Th August 2026
- Transcript of SKF India’s 65th AGM held 14 August 2026; final dividend of ₹40 per share proposed for FY26.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of Q1 FY27 investor earnings call held on 17 August 2026 uploaded.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2014
from bse
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Annual Report 2013
from nse
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Annual Report 2013
from bse
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Annual Report 2012
from bse
Concalls
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Aug 2026Transcript PPT REC
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Jun 2026REC
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May 2026Transcript PPT
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Aug 2025Transcript
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Aug 2025Transcript PPT
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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 2025PPT
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Feb 2025Transcript
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Aug 2024Transcript
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Aug 2024Transcript PPT
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Feb 2024Transcript
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Aug 2023Transcript
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Aug 2023Transcript PPT
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Mar 2023Transcript
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Aug 2022Transcript
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Aug 2022Transcript PPT
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Jun 2022Transcript
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May 2019Transcript
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Oct 2018Transcript
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Jul 2018Transcript
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May 2018Transcript
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Feb 2018Transcript
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Oct 2017Transcript
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Aug 2017Transcript
Demerger:[1] [2]
Effective 1st October 2025, SKF India demerged its Industrial business into SKF India (Industrial) Limited. SKF India Limited now houses an Automotive business, while demerged entity caters to industrial sectors including railways, wind, cement, mining and heavy engineering. Shareholders received 1 share of SKF India (Industrial) Limited for every 1 share held in
SKF India Limited. Both entities operate with separate management, boards and capital allocation, while continuing to use SKF
Group technology and engineering
platforms.