SKFINDIA - SKF India Ltd. Share Price

Industrial Products

₹3912.00+26.30(+0.68%)

Market Closed as of May 2, 2025, 15:30 IST

What does SKF India Ltd. do?

Abrasives & Bearings •Capital Goods•Small Cap

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.

Industry Group:Industrial Products

Employees:1,701

Website:www.skf.com

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Category	SKFINDIA	Industrial
PE	36.08	31.65
PS	3.84	2.31
Growth	11.2 %	4.1 %

Summary of Latest Earnings Report from SKF India

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.

Earnings Outlook

Last updated: Apr 25

Management Outlook and Major Points:

SKF India's management outlined a strategic demerger to separate Automotive and Industrial businesses into independent entities, aiming to accelerate growth and profitability by addressing differing market dynamics, customer needs, and manufacturing processes.

Key Rationale for Demerger:

Divergent Industry Dynamics:
- Automotive: Driven by emission norms, electrification (30% EV penetration target by 2030), premiumization (SUVs, high-performance vehicles), and last-mile mobility.
- Industrial: Focused on infrastructure growth (cement, metals, renewables), rail expansion (Vande Bharat, metros), and localization (Make in India, PLI schemes).
Customer-Centric Focus:
- Automotive: Requires high-performance, energy-efficient solutions (e.g., ceramic bearings for EVs).
- Industrial: Demands reliability, predictive maintenance, and customized solutions (e.g., bearings for steel plants, wind turbines).
Operational Efficiency:
- Automotive: High-volume, standardized production with automation.
- Industrial: Flexible manufacturing for diverse, application-specific products.

Pro Forma Financials (FY24):

Combined revenue: INR 45.7 billion.
Automotive: Focus on margin improvement via innovation (low-friction bearings), OEM collaboration, and cost optimization.
Industrial: Targets value-selling (critical applications), service expansion (remanufacturing, condition monitoring), and distribution growth.

Demerger Timeline:

Expected completion in 12"“15 months (targeting Q4 2025).
NCLT approval by Q3 2025; SKF Industrial to mirror SKF India's shareholding and list on stock exchanges.

Future Drivers:

Automotive: EV-focused R&D, price premium on advanced solutions, and capacity expansion.
Industrial: Regionalization/localization (30"“35% currently), services growth, and infrastructure/rail opportunities.

Capex & Investments:

Current annual capex ~INR 150 crores to continue, with potential increases (especially for Automotive capacity).

Shareholder Impact:

No dilution; 1:1 share allocation in SKF Industrial. Both entities to maintain strong ROCE (Automotive: ~20%, Industrial: ~35% in FY24).

The demerger aims to enhance agility, financial visibility, and investor appeal while sustaining SKF India's legacy of robust returns (23% stock CAGR over 5 years).

Q&A Session

Last updated: Apr 25

Question 1:
Can you provide historical financial data (last 3"“5 years) for Automotive and Industrial businesses to understand unit economics?
Answer: Historical financial data will be shared with shareholders via notices ahead of meetings. Pro forma FY24 data is provisional and unaudited.

Question 2:
How will capex be allocated post-demerger, and will regionalization impact investments?
Answer: Both businesses will continue ~INR 150 crore annual capex. Additional investments are under evaluation, particularly for Automotive (capacity constraints) and Industrial growth.

Question 3:
How is SKF India addressing portfolio gaps in Industrial compared to the parent company?
Answer: Focus remains on India-centric growth via value-selling, services (remanufacturing, predictive maintenance), and expanding distribution. Localization (currently ~30"“35%) will improve competitiveness.

Question 4:
What progress has been made on portfolio pruning and price corrections?
Answer: Pruning low-profit businesses and price adjustments are ongoing. Results are visible but classified as routine financial updates, not demerger-specific.

Question 5:
What drives margin improvement for Automotive, given high localization/utilization?
Answer: Efficiency gains (procurement, manufacturing), value-based pricing (e.g., energy-efficient bearings), and premium products (ceramic bearings) could add 2"“3% EBITDA margins.

Question 6:
Will demerger enable M&A or product expansion?
Answer: Focused entities may pursue opportunities, but no specifics shared. Capital allocation agility could spur growth via investments or acquisitions.

Question 7:
How will plants/operations be divided between Automotive and Industrial?
Answer: Planning is ongoing; details will be shared later. Automotive requires capacity expansion, and Industrial may leverage a mix of local/regional manufacturing.

Question 8:
What is the export split between Automotive/Industrial, and what's the global outlook?
Answer: Exports are allocated based on customer segments. Focus remains India-first; exports are minor and not a priority for near-term growth.

Question 9:
How will Gross Block and capex split post-demerger?
Answer: Gross Block allocation is pending. Automotive may have higher assets due to localized manufacturing. INR 150 crore capex is combined; additional investments under review.

Shareholder Name	Holding %
Ab Skf	45.85%
Hdfc Mutual Fund - Hdfc Mid-Cap Opportunities Fund	9.76%
Skf U.K. Ltd.	6.33%
Mirae Asset Large & Midcap Fund	5.64%
Sbi Blue Chip Fund	2.74%
Icici Prudential Smallcap Fund	1.36%
Franklin India Prima Fund	1.29%
Skf Forvaltning Ab	0.4%

Investor Care
Dividend Yield	3.08%
Dividend/Share (TTM)	130
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	108.79

Financial Health
Current Ratio	2.17
Debt/Equity	0.00

Cash Flow for SKF India

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-58.8%	1.21	1.51	2.08
Change in inventories	111.3%	2.15	-9.21	-208.82
Depreciation	12.1%	75	67	57
Adjustments for interest income	44.5%	7.33	5.38	18
Net Cashflows from Operations	-5%	886	933	206
Interest received	-105.3%	-63.94	-30.63	0
Income taxes paid (refund)	-6.6%	198	212	149
Net Cashflows From Operating Activities	-9.6%	624	690	57
Proceeds from sales of PPE	228.2%	2.28	1.39	0.85
Purchase of property, plant and equipment	21.7%	130	107	92
Proceeds from sales of investment property	-297%	-9.68	-1.69	0
Purchase of investment property	-	0	0	7.19
Cash receipts from repayment of advances and loans made to other parties	-635.3%	-90	18	0
Interest received	115.6%	70	33	21
Other inflows (outflows) of cash	-110%	0	11	45
Net Cashflows From Investing Activities	-246.6%	-158.15	-44.92	-32.59
Dividends paid	176.1%	197	72	72
Interest paid	-58.8%	1.21	1.51	2.08
Net Cashflows from Financing Activities	-157.4%	-203.76	-78.55	-77.99
Net change in cash and cash eq.	-53.9%	262	567	-53.49

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-58.8%	1.21	1.51	2.08
Change in inventories	111.3%	2.15	-9.21	-208.82
Depreciation	12.1%	75	67	57
Adjustments for interest income	44.5%	7.33	5.38	18
Net Cashflows from Operations	-5%	886	933	206
Interest received	-105.3%	-63.94	-30.63	0
Income taxes paid (refund)	-6.6%	198	212	149
Net Cashflows From Operating Activities	-9.6%	624	690	57
Proceeds from sales of PPE	228.2%	2.28	1.39	0.85
Purchase of property, plant and equipment	21.7%	130	107	92
Proceeds from sales of investment property	-297%	-9.68	-1.69	0
Purchase of investment property	-	0	0	7.19
Cash receipts from repayment of advances and loans made to other parties	-635.3%	-90	18	0
Interest received	115.6%	70	33	21
Other inflows (outflows) of cash	-110%	0	11	45
Net Cashflows From Investing Activities	-246.6%	-158.15	-44.92	-32.59
Dividends paid	176.1%	197	72	72
Interest paid	-58.8%	1.21	1.51	2.08
Net Cashflows from Financing Activities	-157.4%	-203.76	-78.55	-77.99
Net change in cash and cash eq.	-53.9%	262	567	-53.49

Balance Sheet for SKF India

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-36.2%	777	1,217	913	955	661	389
Current investments	-	0	0	0	0	0	0
Loans, current	-	0	0	0	0	0	40
Total current financial assets	-19%	1,618	1,998	1,646	1,664	1,393	1,157
Inventories	20.6%	825	684	698	686	676	677
Total current assets	-6.9%	2,551	2,741	2,425	2,449	2,171	1,958
Property, plant and equipment	6.5%	476	447	460	401	403	380
Capital work-in-progress	-14.8%	76	89	48	63	33	52
Investment property	0%	25	25	25	23	23	22
Loans, non-current	0%	158	158	78	68	68	46
Total non-current financial assets	0%	191	191	112	98	95	81
Total non-current assets	5.3%	958	910	808	729	716	670
Total assets	-3.9%	3,510	3,651	3,232	3,178	2,887	2,629
Total non-current financial liabilities	-62.2%	2.04	3.75	6.8	8.14	9.52	10
Provisions, non-current	5.6%	39	37	34	32	9.04	6.82
Total non-current liabilities	0%	41	41	40	40	49	48
Borrowings, current	-	0	0	0	0	0	0
Total current financial liabilities	30.2%	1,113	855	748	736	688	637
Provisions, current	2.1%	49	48	39	37	17	12
Current tax liabilities	-	0	0	-0.03	0	12	6.68
Total current liabilities	26.6%	1,175	928	803	796	739	695
Total liabilities	25.5%	1,216	969	844	837	788	743
Equity share capital	0%	49	49	49	49	49	49
Total equity	-14.5%	2,294	2,683	2,388	2,342	2,099	1,886
Total equity and liabilities	-3.9%	3,510	3,651	3,232	3,178	2,887	2,629

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-36.2%	777	1,217	913	955	661	389
Loans, current	-	0	0	0	0	0	40
Total current financial assets	-19%	1,618	1,998	1,646	1,664	1,393	1,157
Inventories	20.6%	825	684	698	686	676	677
Total current assets	-6.9%	2,551	2,741	2,425	2,449	2,171	1,958
Property, plant and equipment	6.5%	476	447	460	401	403	380
Capital work-in-progress	-14.8%	76	89	48	63	33	52
Investment property	0%	25	25	25	23	23	22
Loans, non-current	0%	158	158	78	68	68	46
Total non-current financial assets	0%	191	191	112	98	95	81
Total non-current assets	5.3%	958	910	807	729	716	670
Total assets	-3.9%	3,510	3,651	3,232	3,178	2,887	2,628
Total non-current financial liabilities	-62.2%	2.04	3.75	6.8	8.14	9.52	10
Provisions, non-current	5.6%	39	37	34	32	9.04	6.82
Total non-current liabilities	0%	41	41	40	40	49	48
Total current financial liabilities	30.2%	1,113	855	748	736	688	637
Provisions, current	2.1%	49	48	39	37	17	12
Current tax liabilities	-	0	0	-0.03	0	12	6.68
Total current liabilities	26.6%	1,175	928	803	796	739	695
Total liabilities	25.5%	1,216	969	844	837	788	743
Equity share capital	0%	49	49	49	49	49	49
Total equity	-14.5%	2,294	2,683	2,388	2,341	2,099	1,886
Total equity and liabilities	-3.9%	3,510	3,651	3,232	3,178	2,887	2,628

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
SCHAEFFLER	Schaeffler IndiaAuto Components & Equipments	55.37 kCr	8.35 kCr	+7.29%	-5.51%	58.98	6.63	+13.60%	+3.54%
TIMKEN	Timken IndiaAbrasives & Bearings	20.09 kCr	3.15 kCr	-1.28%	-20.44%	49.98	6.37	+10.63%	+13.16%
NRBBEARING	NRB BearingsAuto Components & Equipments	2.09 kCr	1.18 kCr	-0.64%	-32.63%	18.09	1.77	+2.91%	-52.59%

Income Statement for SKF India

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	1%	1,256	1,244	1,206	1,203	1,092	1,125
Other Income	113.6%	48	23	40	35	24	20
Total Income	2.8%	1,304	1,268	1,246	1,238	1,116	1,145
Cost of Materials	-0.6%	311	313	302	333	282	285
Purchases of stock-in-trade	-11.2%	515	580	495	420	340	444
Employee Expense	3.6%	88	85	87	89	83	84
Finance costs	-3.7%	0.15	0.18	0.23	0.24	0.25	0.48
Depreciation and Amortization	5.3%	21	20	20	19	19	19
Other expenses	1.5%	210	207	194	194	178	177
Total Expenses	1.3%	1,156	1,141	1,033	1,009	939	1,024
Profit Before exceptional items and Tax	15.9%	147	127	214	229	177	122
Total profit before tax	15.9%	147	127	214	229	177	122
Current tax	27.3%	43	34	57	56	46	33
Deferred tax	-232.6%	-5.32	-0.9	-2.55	-1.44	-0.88	-1.48
Total tax	15.6%	38	33	55	54	45	32
Total profit (loss) for period	17.2%	110	94	159	175	132	90
Other comp. income net of taxes	-	-3.59	0	0	-5.69	-5.86	0
Total Comprehensive Income	12.9%	106	94	159	169	126	90
Earnings Per Share, Basic	17.3%	22.178	19.05	32.147	35.445	26.732	18.249
Earnings Per Share, Diluted	17.3%	22.178	19.05	32.147	35.445	26.732	18.249

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	6.2%	4,570	4,305	3,666	2,671	2,842	3,035
Other Income	82.4%	94	52	34	36	104	92
Total Income	7%	4,664	4,357	3,700	2,707	2,946	3,127
Cost of Materials	11.3%	1,160	1,042	901	595	603	734
Purchases of stock-in-trade	5.1%	1,633	1,554	1,518	956	1,203	1,086
Employee Expense	14.4%	343	300	286	246	240	258
Finance costs	-58.8%	1.21	1.51	2.08	2.13	9.48	7.66
Depreciation and Amortization	12.1%	75	67	57	58	57	46
Other expenses	6%	731	690	579	443	462	514
Total Expenses	8.4%	3,928	3,624	3,169	2,311	2,559	2,603
Profit Before exceptional items and Tax	0.4%	736	733	531	396	387	524
Total profit before tax	0.4%	736	733	531	396	387	524
Current tax	-8.7%	190	208	138	103	89	193
Deferred tax	-1532.6%	-6.02	0.57	-1.87	-4.18	9.01	-4.98
Total tax	-11.6%	184	208	136	99	98	188
Total profit (loss) for period	5.2%	552	525	395	298	289	336
Other comp. income net of taxes	-1012%	-12.68	2.5	-1.35	3.52	-9.16	-2.26
Total Comprehensive Income	2.3%	539	527	394	301	280	334
Earnings Per Share, Basic	5.1%	111.609	106.2	79.9	60.2	58.5	65.7
Earnings Per Share, Diluted	5.1%	111.609	106.2	79.9	60.2	58.5	65.7

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	1%	1,256	1,244	1,206	1,203	1,092	1,125
Other Income	113.6%	48	23	40	35	24	20
Total Income	2.8%	1,304	1,268	1,246	1,238	1,116	1,145
Cost of Materials	-0.6%	311	313	302	333	282	285
Purchases of stock-in-trade	-11.2%	515	580	495	420	340	444
Employee Expense	3.6%	88	85	87	89	83	84
Finance costs	-3.7%	0.15	0.18	0.23	0.24	0.25	0.48
Depreciation and Amortization	5.3%	21	20	20	19	19	19
Other expenses	1.5%	210	207	194	194	178	177
Total Expenses	1.3%	1,156	1,141	1,033	1,009	939	1,024
Profit Before exceptional items and Tax	15.9%	147	127	214	229	177	122
Total profit before tax	15.9%	147	127	214	229	177	122
Current tax	27.3%	43	34	57	56	46	33
Deferred tax	-232.6%	-5.32	-0.9	-2.55	-1.44	-0.88	-1.48
Total tax	15.6%	38	33	55	54	45	32
Total profit (loss) for period	17.2%	110	94	159	175	132	90
Other comp. income net of taxes	-	-3.59	0	0	-5.69	-5.86	0
Total Comprehensive Income	12.9%	106	94	159	170	126	90
Earnings Per Share, Basic	17.2%	22.149	19.05	32.147	35.445	26.732	18.197
Earnings Per Share, Diluted	17.2%	22.149	19.05	32.147	35.445	26.732	18.197

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	6.2%	4,570	4,305	3,666	2,671	-	-
Other Income	82.4%	94	52	34	36	-	-
Total Income	7%	4,664	4,357	3,700	2,707	-	-
Cost of Materials	11.3%	1,160	1,042	901	595	-	-
Purchases of stock-in-trade	5.1%	1,633	1,554	1,518	956	-	-
Employee Expense	14.4%	343	300	286	246	-	-
Finance costs	-58.8%	1.21	1.51	2.08	2.13	-	-
Depreciation and Amortization	12.1%	75	67	57	58	-	-
Other expenses	6%	731	690	579	443	-	-
Total Expenses	8.4%	3,928	3,624	3,169	2,311	-	-
Profit Before exceptional items and Tax	0.4%	736	733	531	396	-	-
Total profit before tax	0.4%	736	733	531	396	-	-
Current tax	-8.7%	190	208	138	103	-	-
Deferred tax	-1532.6%	-6.02	0.57	-1.87	-4.18	-	-
Total tax	-11.6%	184	208	136	99	-	-
Total profit (loss) for period	5.2%	552	525	395	298	-	-
Other comp. income net of taxes	-1012%	-12.68	2.5	-1.35	3.52	-	-
Total Comprehensive Income	2.3%	539	527	394	301	-	-
Earnings Per Share, Basic	5.2%	111.609	106.169	79.9	60.2	-	-
Earnings Per Share, Diluted	5.2%	111.609	106.169	79.9	60.2	-	-

Valuation
Market Cap	19.34 kCr
Price/Earnings (Trailing)	35.96
Price/Sales (Trailing)	3.83
EV/EBITDA	24.23
Price/Free Cashflow	48.87
MarketCap/EBT	26.97

Fundamentals
Revenue (TTM)	5.06 kCr
Rev. Growth (Yr)	16.81%
Rev. Growth (Qtr)	2.83%
Earnings (TTM)	537.85 Cr
Earnings Growth (Yr)	-17.14%
Earnings Growth (Qtr)	16.26%

Profitability
Operating Margin	14.18%
EBT Margin	14.18%
Return on Equity	23.45%
Return on Assets	15.32%
Free Cashflow Yield	2.05%

SKFINDIA - SKF India Ltd. Share Price

What does SKF India Ltd. do?

Sector Comparison: SKFINDIA vs Industrial Products

Comparative Metrics

Performance Comparison

Summary of Latest Earnings Report from SKF India

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Investor Care

Financial Health

Cash Flow for SKF India

Balance Sheet for SKF India

Is SKF India Better than it's peers?

Income Statement for SKF India

Valuation

Fundamentals

Profitability

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)