High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Size: Market Cap wise it is among the top 20% companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Dividend: Dividend paying stock. Dividend yield of 2.72%.
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money has been increasing their position in the stock.
Growth: Declining Revenues! Trailing 12m revenue has fallen by -23.3% in past one year. In past three years, revenues have changed by -11.2%.
Momentum: Stock has a weak negative price momentum.
Technicals: SharesGuru indicator is Bearish.
Past Returns: Underperforming stock! In past three years, the stock has provided -34.8% return compared to 6.5% by NIFTY 50.
Valuation | |
|---|---|
| Market Cap | 7.26 kCr |
| Price/Earnings (Trailing) | 27.34 |
| Price/Sales (Trailing) | 1.88 |
| EV/EBITDA | 13.62 |
| Price/Free Cashflow | 54.35 |
| MarketCap/EBT | 16.76 |
| Enterprise Value | 6.97 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 3.87 kCr |
| Rev. Growth (Yr) | -48.5% |
| Earnings (TTM) | 265.94 Cr |
| Earnings Growth (Yr) | -109.7% |
Profitability | |
|---|---|
| Operating Margin | 12% |
| EBT Margin | 11% |
| Return on Equity | 20% |
| Return on Assets | 12.79% |
| Free Cashflow Yield | 1.84% |
Growth & Returns | |
|---|---|
| Price Change 1W | 0.70% |
| Price Change 1M | -11.4% |
| Price Change 6M | -12.1% |
| Price Change 1Y | -69.5% |
| 3Y Cumulative Return | -34.8% |
| 5Y Cumulative Return | -12.5% |
| 7Y Cumulative Return | -3.2% |
| 10Y Cumulative Return | 0.70% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -705.41 Cr |
| Cash Flow from Operations (TTM) | 362.84 Cr |
| Cash Flow from Financing (TTM) | -75.71 Cr |
| Cash & Equivalents | 292.29 Cr |
| Free Cash Flow (TTM) | 133.65 Cr |
| Free Cash Flow/Share (TTM) | 27.03 |
Balance Sheet | |
|---|---|
| Total Assets | 2.08 kCr |
| Total Liabilities | 749.6 Cr |
| Shareholder Equity | 1.33 kCr |
| Current Assets | 1.46 kCr |
| Current Liabilities | 708.4 Cr |
| Net PPE | 436.76 Cr |
| Inventory | 323.44 Cr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | 1.24 K |
| Interest/Cashflow Ops | 1.04 K |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 40 |
| Dividend Yield | 2.72% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Size: Market Cap wise it is among the top 20% companies of india.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Dividend: Dividend paying stock. Dividend yield of 2.72%.
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money has been increasing their position in the stock.
Growth: Declining Revenues! Trailing 12m revenue has fallen by -23.3% in past one year. In past three years, revenues have changed by -11.2%.
Momentum: Stock has a weak negative price momentum.
Technicals: SharesGuru indicator is Bearish.
Past Returns: Underperforming stock! In past three years, the stock has provided -34.8% return compared to 6.5% by NIFTY 50.
Investor Care | |
|---|---|
| Dividend Yield | 2.72% |
| Dividend/Share (TTM) | 40 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 53.75 |
Financial Health | |
|---|---|
| Current Ratio | 2.06 |
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 32.56 |
| RSI (5d) | 49.6 |
| RSI (21d) | 28.92 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Buy |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
Summary of SKF India's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the recent earnings call held on May 21, 2026, management of SKF India Limited provided a mixed outlook for the company. Sales saw a positive growth of 3% quarter-on-quarter to INR 5.6 billion, while full-year sales grew by 12.7% to INR 20.3 billion. However, profit before tax declined by 9% quarter-on-quarter, and 694 basis points year-on-year, attributed to factors such as price mix, discounts, and impacts from demerger-related costs.
Management expressed optimism about continued growth, particularly emphasizing sustained demand within the automotive sector and successful navigation of new emission norms. The macroeconomic indicators showed stability with a 4.1% IIP growth and a Manufacturing PMI of 53.9 in March 2026, influencing positive performance prospects.
Looking ahead, management anticipates achieving a sustainable profit before tax margin of approximately 11-12%. They cited ongoing strategic initiatives under the "RACE" framework, which focuses on product efficiency, commercial excellence, capacity development, and agile execution. Management plans to invest INR 500 crores over two years, with INR 200 crores earmarked for the current fiscal year, which they project will support continued growth and operational improvements.
Key forward-looking points include:
Overall, management is focusing on strategic investments and sales growth, while addressing margin recovery challenges post-demerger.
Question 1: What would be the mix of end segments, which is 2-wheelers, passenger vehicles, and EVs for the quarter and FY '26?
Answer: I can't share specific segment revenues. However, I can say that our portfolio on wheel ends dominates transmission. In the automotive sector, wheel ends significantly outpace transmission sales.
Question 2: What would be the one-off costs related to the demerger in Q4 and sustainable margin expectations for FY '27?
Answer: There weren't significant demerger-related costs in Q4. The sustainable margin we're targeting is around 11-12%. In the long term, we're focused on improving this further.
Question 3: Can you explain the decline in margins compared to FY '25?
Answer: The drop in margins relates to various factors including costs associated with demerger, product mix, and discounts offered to remain competitive. We expect to stabilize around 12% margins in the near future.
Question 4: What percentage of revenues arise from traded goods, and how long is this trend expected to last?
Answer: In automotive, we're over 90% localized. The traded goods come primarily from SKF India Industrial. This trading won't continue long-term as we ramp up our own capacities.
Question 5: What is the current contribution of EV-related business to overall revenue and their margin contribution?
Answer: Currently, EVs represent less than ICE in terms of bearings. However, in the 2-wheeler space, we're capturing around 50% market share. EVs may be margin-accretive over time, especially with new product offerings.
Question 6: How are you addressing raw material price increases in both aftermarket and OEM?
Answer: We are working on passing through raw material cost increases to customers. We've initiated price hikes with some OEMs already, and aftermarket price hikes are on the way as well.
Question 7: Can you share your FY '27 capex expectations?
Answer: For FY '26 to '28, we're looking at INR 500 crores in total investment. For FY '26, we plan to spend around INR 200 crores, which will carry over slightly into FY '27.
Question 8: What is the percentage contribution of top customers to your revenue?
Answer: The top 5 customers account for approximately 50% of our revenue. The top 3 include Bajaj for 2-wheelers, Mahindra for passenger vehicles, and Tata for commercial vehicles.
Question 9: What are the strategic priorities for the next 1 to 3 years?
Answer: Our priorities include focusing on energy efficiency, investing in manufacturing capabilities, and amplifying value selling through close partnerships with customers.
Question 10: Could you elaborate on the margin breakdown and the impact of the demerger?
Answer: We are currently focusing on an average PBT margin of 11-12%. Factors affecting margins include costs from the demerger and differences in product segments. We're committed to transparency and addressing these concerns going forward.
Understand SKF India ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| SKF Vertevo AB (Earstwhile SKF Interim AB) | 52.58% |
| HDFC Mutual Fund - HDFC Mid-Cap Fund | 9.65% |
| MIRAE Asset Large & Midcap Fund | 9.12% |
| ICICI Prudential Smallcap Fund | 2.63% |
| SBI Large Cap Fund | 1.6% |
| AB SKF | 0% |
| SKF U.K. Ltd. | 0% |
| SKF Forvaltning AB | 0% |
| Foreign Bank | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of SKF India against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| SCHAEFFLER | Schaeffler India | 64.78 kCr | 10.51 kCr | -0.30% | +2.10% | 50.85 | 6.17 | - | - |
| TIMKEN | Timken India | 23.52 kCr | 3.46 kCr | -15.80% | -10.80% | 58.36 | 6.79 | - | - |
| NRBBEARING | NRB Bearings | 4.1 kCr | 1.37 kCr | -1.50% | +50.00% | 28.72 | 2.99 | - | - |
Comprehensive comparison against sector averages
SKFINDIA metrics compared to Industrial
| Category | SKFINDIA | Industrial |
|---|---|---|
| PE | 27.65 | 38.99 |
| PS | 1.9 | 2.8 |
| Growth | -23.3 % | 9.8 % |
SKF India Limited provides bearings technology and solutions to industrial and automotive sectors in India and internationally. It offers rolling bearings including ball and roller bearing, bearing accessories, track rollers, and engineered products; mounted bearing and housing, such as ball and roller bearing units, and bearing housing; and super-precision bearing including angular contact ball, cylindrical roller, double direction angular contact thrust ball, and axial-radial cylindrical roller bearings, as well as angular contact thrust bearing for screw drives, and precision lock nuts and gauges. The company also provides slewing bearings; plain bearing, which includes spherical plain bearings and rod ends, and bushing, thrust washer, and strips; magnetic bearing systems; thin section bearing, such as reali-slim and ultra-slim thin section bearings, and customized thin section bearings; and industrial seals including power transmission, hydraulic, fluid handling, and machined seals. In addition, it offers automotive seals, such as bearing, body, driveline, engine, eDrive unit, suspension, and wheel seals, as well as two wheeler sealing solution; lubrication management comprising lubricants, manual lubricant tools, lubricators, automatic lubrication system, and lubrication system components; and maintenances products including hydraulic and mechanical tools, and heaters for mounting and dismounting, as well as alignment tools. Further, the company provides condition monitoring system, which includes surveillance and machine protection systems, software, sensor, product support and training, and inactive or obsolete products; power transmission solutions comprising belts, pulleys, chains, sprockets, bushing and hub, coupling, bolts and tightening systems, and v-belts; and test and measuring equipment, such as waviness and roundness analyzer, noise and vibration tester, and grease test rigs. The company was founded in 1923 and is headquartered in Pune, India.
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SKFINDIA vs Industrial (2021 - 2026)