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SKF India Ltd (SKFINDIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500472 NSE: SKFINDIA Bearings | Small Cap | SKF India Share Price

₹1,615.80 10.35 (0.64%)

As on 04-Jun'26 16:59

SKF India Ltd (SKFINDIA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500472 NSE: SKFINDIA Bearings | Small Cap | SKF India Share Price

₹1,615.80 10.35 (0.64%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹7,988 Cr.
Current Price
₹1,615.8
52-Week Low / High
₹1,404 / 5,077
TTM EPS
₹23.7
TTM Sales
₹2,130 Cr.
Book Value per Share
₹268.9
P/E Ratio
68.15
Higher than its 5-year historical median
Industry PE
51.1
Price to Book (P/B)
6.01
Lower than its 5-year historical median
Price to Sales (P/S)
3.75
Lower than its 5-year historical median
EV/EBITDA
23.64
Lower than its 5-year historical median
Dividend Yield
0.38%
Profitability Efficiency
Return on Equity (ROE)
21.43%
Outperforms industry median
Return on Capital Employed (ROCE)
28.93%
Outperforms industry median
Return on Assets (ROA)
9.57%
Operating Profit Margin
15.2%
Net Profit Margin
11.5%
Gross Profit Margin
17.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
7.65%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
3.88%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
2.54%
Asset Quality
Promoter Holding
52.58%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,280 Cr.
Equity
₹49.4 Cr.
Face Value
₹10
All Time Low / High
₹15.24 / 7349.00

SKF India stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is SKF India Ltd a good quality company?
SKF India Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does SKF India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of SKF India Ltd vs industry peers?
SKF India Ltd revenue CAGR is 11.60%, compared to the industry median CAGR of 7.70%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of SKF India Ltd?
Promoters hold 52.58% of the SKF India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of SKF India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 3.4% based on the current price.
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DeciZen - make an informed investing decision on SKF India

Decision Maker
Standalone basis

1. Right Stock

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2. Right Price

Right Price
Price Chart

3. Right Time ⓘ

Right Price
#Likely Future 5 Year CAGR.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
SKF India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ25.1%21%24.4%28.7%21.5%23%30.9%34.8%29.3%28.9%-
Value Creation
Index ⓘ		0.90.60.81.10.60.71.32.11.61.1-

Growth Parameters ⓘ
Sales ⓘ2,3982,6312,7503,0352,8422,6713,6664,3054,5704,9202,130
Sales YoY Gr.-9.7%4.5%10.3%-6.4%-6%37.3%17.4%6.2%7.7%-
Adj EPS ⓘ38.345.459.266.955.761.381.7111.9110.811223.7
YoY Gr.-18.5%30.5%12.9%-16.7%10.1%33.3%36.9%-1%1.1%-
BVPS (₹) ⓘ252.6343.5357.9343.2385.4316.3381.5473.6542.7525.5268.9
Adj Net
Profit ⓘ		202239304330275303404553548553117
Cash Flow from Ops. ⓘ20.911536718133032457.1690624203-
Debt/CF from Ops. ⓘ2.50.30.20.5000000-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ8.3%11.6%10.3%7.7%
Adj EPS ⓘ12.7%15%11.1%1.1%
BVPSⓘ8.5%6.4%11.3%-3.2%
Share Price 2.7% -7.5% -29.1% -66%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		16.413.816.718.715.317.523.426.221.8216
Op. Profit
Mgn % ⓘ		12.112.816.31612.816.115.518.415.715.211.6
Net Profit
Mgn % ⓘ		8.49.111.110.99.711.31112.81211.35.5
Debt to
Equity ⓘ		000.10.10000000
Working Cap
Days ⓘ		119150157149162294330310313323202
Cash Conv.
Cycle ⓘ		39646058624857564656126

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2,9972,6312,7503,0352,8422,6713,6664,3054,5704,920
Operating Expenses ⓘ + 2,6362,2952,3162,5492,4922,2513,1103,5563,8534,174
Manufacturing Costs261231251262231235311362391414
Material Costs1,8781,6231,5841,7761,7911,5612,2452,5662,7783,017
Employee Cost 254222237258240246286300343360
Other Costs ⓘ 243219244251231208268328340384
Operating Profit ⓘ 361336435486349420556749718745
Operating Profit Margin (%) 12.1%12.8%15.8%16.0%12.3%15.7%15.2%17.4%15.7%15.2%
Other Income ⓘ + 10287719210436355294101
Exceptional Items ⓘ 0000000000
Interest ⓘ 0058922211
Depreciation ⓘ 68484646575857677583
Profit Before Tax ⓘ 394376455524387396531733736763
Tax ⓘ 1391321601889899136208184197
Profit After Tax 256244296336289298395525552566
PAT Margin (%) 8.5%9.3%10.8%11.1%10.2%11.2%10.8%12.2%12.1%11.5%
Adjusted EPS (₹)48.546.357.667.958.560.279.9106.2111.6114.4
Dividend Payout Ratio (%)30.90%21.60%20.80%17.70%222.40%24.10%18.10%37.70%116.50%12.70%

Valuation of SKF India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 1,6651,8111,8371,6971,9051,5641,8862,3422,6832,598
Share Capital ⓘ 53535149494949494949
Reserves ⓘ 1,6121,7581,7861,6481,8561,5141,8362,2922,6332,549
Debt +65348590000000
Long Term Debt0000000000
Short Term Debt65348590000000
Minority Interest0000000000
Trade Payables293304390349412577508608713663
Others Liabilities ⓘ 1171431141381351,8332,0252,2532,4842,687
Total Liabilities ⓘ 2,1402,2932,4262,2742,4523,9734,4205,2035,8795,947

Fixed Assets

Net Fixed Assets ⓘ +298281275267335330380401447527
Gross Block3784064424635756147278079231,083
Accumulated Depreciation80125167196240285347406476557
CWIP ⓘ 12353762416552638956
Investments ⓘ 01491544419722299
Inventories335417403461452468677686684873
Trade Receivables483514491521436583686679751849
Cash Equivalents 6975917436036185004029581,222719
Others Assets ⓘ 3153053243153732,0252,2212,4132,6772,915
Total Assets ⓘ 2,1402,2932,4262,2742,4523,9734,4205,2035,8795,947

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 2611536718133032457690624203
PBT ⓘ 394376455524387396531733736763
Adjustment ⓘ -11-14-9-24-263036371715
Changes in Working Capital ⓘ -215-10594-107913-36113270-341
Tax Paid ⓘ -142-141-173-212-122-106-149-212-198-235
Cash Flow From Investing Activity ⓘ + -174147-265306-154654-33-45-158-60
Capex -30-41-49-41-59-69-91-105-131-131
Net Investments -26193-279259-1706394511-70
Others ⓘ 11894638875841450-2071
Cash Flow From Financing Activity ⓘ + 49-126-225-477-178-652-78-79-204-650
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 0000000000
Interest Paid ⓘ 00-5-8-9-2-2-200
Dividend Paid ⓘ -13-79-51-62-59-643-72-72-197-643
Others ⓘ 62-47-169-407-109-7-4-5-6-7
Net Cash Flow ⓘ -99136-12311-2326-53567262-507

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)16.6114.0316.221916.0517.1622.9124.8321.9621.43
ROCE (%)25.0821.0124.4428.6821.4622.9730.934.7529.3428.93
Asset Turnover Ratio1.591.281.191.291.20.830.870.890.820.83
PAT to CFO Conversion(x)0.10.471.240.541.141.090.141.311.130.36
Working Capital Days
Receivable Days48.4064.2065.4060.9061.5069.6063.2057.8057.1059.40
Inventory Days35.5048.4053.305258.6062.905757.8054.7057.80
Payable Days61.2067.1079.9075.9077.60115.6088.2079.4086.8083.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

SKF India Ltd FAQs

The current trading price of SKF India on 04-Jun-2026 16:59 is ₹1,615.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of SKF India stood at ₹7,988.2 Cr

The latest P/E ratio of SKF India as of 03-Jun-2026 is 68.15.

The latest P/B ratio of SKF India as of 03-Jun-2026 is 6.01.

The 52-week high of SKF India is ₹5,077 and the 52-week low is ₹1,404.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SKF India is ₹2,130 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that SKF India Ltd is a good quality company.

The key valuation ratios of SKF India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of SKF India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About SKF India Ltd

SKF India has been a trusted name in motion technologies since 1961. The company has, since, been actively driving industrial and automotive innovation. From its beginning as a ball bearing manufacturer, the company has evolved into one of India’s leading providers of advanced bearings, engineering services, and rotating equipment solutions.

The company serves various industries globally, offering products and services that enable customers to improve performance, reduce environmental impact, and gain sustainable competitive advantage. With deep expertise in designing and manufacturing bearings, seals, and lubrication systems, SKF India holds a strong position in both the industrial and automotive sectors. It caters to a diverse sectors of industries, including automotive, agriculture, construction, food and beverage, oil and gas, metals, and general engineering.

Business area of the company

The company is a leading supplier of products, solutions & services within rolling bearing, seals, mechatronics, and lubrication systems. The company focusses on delivering comprehensive rotational equipment solutions across its automotive and industrial segments. Its diverse portfolio includes bearings, seals, lubrication systems, mechatronics, complemented by value-added services such as technical support, maintenance, and condition monitoring.

Business segments

  • Automotive: SKF India delivers advanced solutions for a wide range of automotive applications, including engines, transmissions, wheel-end systems, and steering mechanisms. Its offerings are designed to enhance vehicle performance, improve fuel efficiency, and increase safety and reliability. The company provides customised solutions for diverse requirements across wheel-end, driveline, e-powertrain, engine, suspension, and steering systems - serving OEMs across cars, light and heavy trucks, trailers, buses, and two-wheelers. In addition to supporting OEMs, SKF India has a strong presence in the vehicle aftermarket, supplying spare parts through a network of several distributors across the country.
  • Industrial: SKF India offers a comprehensive range of solutions, including bearings, seals, lubrication systems, rotating shaft services, and advanced capabilities in machine health assessment, reliability engineering, and remanufacturing. These offerings cater to various industries worldwide, supplied both directly and through a robust network of distributors across India.

Awards

2016

  • SKF India has been selected as a 2016 Working Mother & AVTAR 100 Best Company for Women in India
  • Manufacturing Today Conference & Awards 2016
  • India Manufacturing Excellence Award 2016 organized by Frost & Sullivan
  • Shyam Datye, Factory Manager -Pune Factory won the  Great Managers Award - 2016 run by People Business in association with Times of India
  • The Emerson Cup 2016 special jury mention for ‘Corporate Office’ in New Project - Metropolitan Cities category
  • CNBC TV18 featured SKF India on an exclusive episode in the “Workplace excellence Series” that showcased best practices across top 30 corporate houses in India

2017

  • SKF India won CII-ITC Award in Sustainability for 2017
  • Frost & Sullivan - India Manufacturing Excellence Awards 2017
  • SKF India featured in India’s Most Admired Workplaces for 2017 published by The Economic Times
  • SKF India’s Managing Director & Country Head - Shishir Joshipura won the “Hall of Fame” at the 6th Annual Manufacturing Today Conference & Awards 2017 by ITP Publishing
  • SKF India’s Finance Director - Chandramowli Srinivasan was conferred with the Best CFO Award for Manufacturing sector at the 6th BrandSlam Awards 2017
  • SKF India’s HR Director - Anjali Byce won the Best HR Leader Award for Manufacturing Sector at the 6th BrandSlam Awards 2017
  • SKF India’s S.Rajiv won the Great Managers Award - 2017 under Enhancing People Performance Category by People Business & Times Ascent

2018

  • The company’s Pune factory has bagged Platinum Award as “Future ready factory” by Frost & Sullivan - India Manufacturing Excellence Awards 2018
  • SKF India is featured among the 100 Best companies for women and working mothers in India by Avatar 
  • SKF India is certified as one of the Top 500 companies in India by Dun & Bradsteet 
  • Awarded as the best supplier in “Outstanding support” category by ACE designers in recognition of extended support in quality, delivery and customer engagement 
  • Winner of “Best sustainability practice” award from Tata Steel in social excellence category 
  • SKF India triumphs at Great Managers Award - 2018 by People Business & Times Ascent 

2019

  • Agile Strategy Leader Award for SKF India at the 4th Annual Strategy Leaders Summit and Awards 2019 hosted by Transformance Business Media.
  • Won the Best Performance in Boughtout Category by Nord Drivesystems Pvt. Ltd at their Vendors Meet 2019.
  • Recognized by Tata Steel for being one of the best suppliers under the material category for 2019.
  • SKF India was recognized by Honda Motors India in 2019 for quality and commendable performance in motorcycle and scooter spare parts.
  • SKF India was recognized for quality and delivery performance in 2019 by John Deere.
  • SKF India received the India edition of Mahatma Award 2019, for demonstrating excellence and the highest standards of ethical conduct, integrity, civic and social responsibility.
2020
  • Company of the Year: (Bearings) was awarded to SKF India Limited at the India Wind Energy Forum 2020 Awards. SKF won the award amongst several entries from all over the industry who competed for this coveted award.
  • Companies with Great Managers was awarded to SKF India Limited at the 5th Edition of the 'Great Managers Awards' 2020. The Great Managers Awards is a People Business initiative, partnered by Economic Times and ET NOW. Two of its employees also won awards in the individual competition segment.
2021

  • Par Excellence Award at the 46th International Convention on Quality Control Circles in November 2021 (ICQCC-2021 hosted by QCFI).
  • CII Star Challenger Award (Challenger Trophy 2021).
  • 3 ‘Excellent’ ratings at the QCFI 35th National Convention on Quality Concepts (NCQCC-2021).
2022

  • Platinum Award at 42nd CII National Kai-Zen Competition - 2022 (Restorative Kaizen).
  • Silver Award at 42nd CII National Kai-Zen Competition - 2022 (Renovative Kaizen).
  • 3 Gold Awards at the Kaizen Competition on SMED – 2022.
  • 2 Gold and 1 Silver Award at the QCFI Safety Kaizen Competition – 2022.
2023

  • Conferred with Platinum award to maintenance team in 3M Competition organised by CII, Bengaluru on 23rd February 2023.
  • Received Gold award to factory resetting team in 3M Competition organised by CII, Bengaluru on 23rd February 2023.
  • Honoured with the Platinum award to factory resetting team in CII organised - SMED-Quick changeover on 24th February 2023.
  • Bestowed Gold award to Pune roller team for presenting their case study in Safety Case Study presentation competition organised by QCFI, Pune in March 2023.
  • Honoured with a Gold award to Pune factory resetting team for presenting their case study in Safety Case Study presentation competition organised by QCFI, Pune in March 2023.
  • Bagged a Gold award for the Pune maintenance team for presenting their case study in Safety Case Study presentation competition organised by QCFI, Pune in March 2023.
  • Awarded Silver award to Pune maintenance team for presenting their case study in Safety Case Study presentation competition organised by QCFI, Pune in March 2023.
  • Bestowed Silver award to Pune maintenance team for presenting their case study in Safety Case Study presentation competition organised by QCFI, Pune in March 2023.
2024
  • QCFI Bhosari Safety Kaizen Competition - 2024 Roller (Safety Case Study) Silver Award.
  • QCFI Bhosari Safety Kaizen Competition - 2024 Factory Resetting (Safety Case Study) Gold Award.
  • QCFI Bhosari Safety Kaizen Competition - 2024 TRB (Safety Slogan) Gold Award.
  • QCFI Bhosari Safety Kaizen Competition - 2024 Factory Maintenance (Safety Skit) Gold Award.
2025
  • QCFI – ‘Safety Week Competition 2025’ – Bhosari – Kushal Team – Gold Award.
  • QCFI – ‘Safety Week Competition 2025’ – Bhosari – HUB (Slogan) – Gold Award.

Milestones

  • 1907: Originally founded by Sven Wingquist following his invention of the self-aligning ball bearing.
  • 1923: Started the trading operations in then Calcutta (now Kolkata).
  • 1961: Incorporated the ‘Associated Bearing Company’.
  • 1964: Started the first factory in Pune for the manufacturing of rolling bearings.
  • 1989: Started the second factory in Bengaluru to meet the needs of customers in India and abroad.
  • 2004: Inaugurated an Application Development Centre in Bengaluru to support local customer needs.
  • 2010: Opened two new factories in Haridwar and Ahmedabad to meet the growing demand in India across the automotive and industrial segments.
  • 2011: Opened a Global Technical Centre in Bengaluru for end-to-end engineering and technology solutions.
  • 2012: Established Seals factory in Mysore to serve customers within the automotive, railway, and industrial application segments.
  • 2021: Inaugurated a Remanufacturing Centre in the Ahmedabad factory to contribute to sustainability and circularity goals.
  • 2022: Installed state-of-the-art facilities for the Truck Hub Unit (THU) Pune plant.
  • 2023: Pune and Bengaluru factories got certified under SPS Phase 2.
  • 2023: Installed new DGBB channel at Pune factory.
  • 2024: Installed new HUB1 channel in Pune factory.
  • 2025: Addition of capacity on HUB1T (Taper HUB Bearing) Pune Plant.
  • 2025: Installation of new channel for UC Insert bearing Pune Plant.
  • 2025: Addition of capacity for CRB at Bangalore Plant.
  • 2025: Refreshed brand identity in March, 2025.

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