SKF India Ltd
SKF India Ltd
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BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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39 extracted metrics + investor summaries across FY14–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
4- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 67.8%
- Company's working capital requirements have reduced from 103 days to 77.4 days
Weaknesses
2- The company has delivered a poor sales growth of -4.43% over past five years.
- Earnings include an other income of Rs.136 Cr.
Growth Rate
AI Analysis — Bull vs Bear
SKF India Ltd trades at a market cap of Rs.7,299 Cr with a PE of 27.4x and dividend yield of 2.72%. The company is virtually debt-free with a healthy dividend payout of 67.8%, but faces challenges with declining sales growth of -4.43% over five years and a 48% TTM profit decline.
- Company is almost debt-free, significantly reducing financial risk and interest burden
- Healthy dividend payout ratio of 67.8% with a current dividend yield of 2.72%, indicating strong shareholder return focus
- Working capital efficiency has improved from 103 days to 77.4 days, freeing up cash for operations
- Long-term ROE track record remains solid at 21% over 5 years and 19% over 10 years, demonstrating consistent capital efficiency
- TTM sales growth of 15% suggests a potential recovery in top-line momentum after years of decline
- Price-to-book of 5.47x is supported by the near-zero debt balance sheet, implying asset quality is high
- 10-year stock CAGR of 9% shows the company has delivered positive long-term returns despite recent weakness
- Active debt reduction strategy provides headroom for future capital allocation or enhanced dividends
- Compounded sales growth is negative at -4.43% over five years and -3% over ten years, indicating structural top-line challenges
- TTM compounded profit has declined by 48%, signaling a sharp erosion in earnings power
- 3-year compounded sales decline of -21% reflects sustained revenue contraction in recent years
- Earnings quality concern as other income of Rs.198 Cr forms a significant portion of profits, masking core operating weakness
- ROE has deteriorated from 20-21% (3-5 year average) to 15% in the last year, showing declining return on equity
- Stock price has declined 36% over one year and posted a -16% CAGR over three years, reflecting sustained de-rating
- PE of 27.4x appears elevated relative to 5-year compounded profit growth of 0%, implying earnings have not justified the valuation
- 5-year compounded profit growth is flat at 0% and 10-year growth is only 1%, showing negligible long-term earnings expansion
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Final dividend record date set Jul 17
SKF India fixed July 3, 2026 as the record date for FY26 final dividend, subject to shareholder approval at the upcoming AGM.
- BRSR filed for FY26 Jul 17
SKF India filed its Business Responsibility and Sustainability Report for FY26, disclosing ESG metrics with third-party assurance.
TL;DR: A quiet news cycle for SKF India with only routine corporate filings and dividend housekeeping. No operational headwinds or growth catalysts surfaced in the period. The dividend record date signals continued shareholder returns. Watch for AGM outcomes and quarterly results for directional cues.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,150 | 1,125 | 1,092 | 1,203 | 1,206 | 399 | 559 | 493 | 462 | 496 | 577 | 595 | 588 |
| Expenses | 947 | 1,001 | 920 | 990 | 1,013 | 336 | 452 | 370 | 389 | 438 | 494 | 562 | 500 |
| Operating Profit | 203 | 124 | 172 | 213 | 194 | 63 | 106 | 123 | 74 | 58 | 82 | 33 | 88 |
| OPM % | 18% | 11% | 16% | 18% | 16% | 16% | 19% | 25% | 16% | 12% | 14% | 6% | 15% |
| Other Income | 23 | 18 | 24 | 35 | 40 | 59 | 45 | 122 | 77 | 74 | 20 | 29 | 12 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 18 | 19 | 19 | 19 | 20 | 13 | 14 | 13 | 16 | 15 | 16 | 16 | 17 |
| PBT | 208 | 122 | 177 | 229 | 214 | 109 | 137 | 232 | 135 | 116 | 86 | 46 | 84 |
| Tax % | 26% | 26% | 25% | 24% | 26% | 13% | 20% | 13% | 12% | 9% | 28% | 144% | 26% |
| Net Profit | 155 | 90 | 132 | 175 | 159 | 94 | 110 | 203 | 119 | 106 | 62 | -20 | 62 |
| EPS in Rs | 31.28 | 18.26 | 26.76 | 35.39 | 32.19 | 19.1 | 22.19 | 41.05 | 24.01 | 21.39 | 12.55 | -4.1 | 12.52 |
Profit & Loss
| Dec 2014 | Mar 2016 15m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,414 | 2,997 | 2,631 | 2,750 | 3,035 | 2,842 | 2,671 | 3,666 | 4,305 | 4,570 | 1,845 | 2,130 | 2,255 |
| Expenses | 2,132 | 2,636 | 2,295 | 2,316 | 2,549 | 2,492 | 2,251 | 3,110 | 3,556 | 3,853 | 1,468 | 1,881 | 1,994 |
| Operating Profit | 281 | 362 | 336 | 435 | 486 | 349 | 420 | 556 | 749 | 718 | 377 | 249 | 261 |
| OPM % | 12% | 12% | 13% | 16% | 16% | 12% | 16% | 15% | 17% | 16% | 20% | 12% | 12% |
| Other Income | 79 | 101 | 87 | 71 | 92 | 104 | 36 | 35 | 52 | 94 | 333 | 198 | 136 |
| Interest | 0 | 0 | 0 | 5 | 8 | 9 | 2 | 2 | 2 | 1 | 0 | 0 | 0 |
| Depreciation | 54 | 68 | 48 | 46 | 46 | 57 | 58 | 57 | 67 | 75 | 53 | 63 | 64 |
| PBT | 306 | 394 | 376 | 455 | 524 | 387 | 396 | 531 | 733 | 736 | 658 | 384 | 333 |
| Tax % | 34% | 35% | 35% | 35% | 36% | 25% | 25% | 26% | 28% | 25% | 14% | 31% | — |
| Net Profit | 203 | 256 | 244 | 296 | 336 | 289 | 298 | 395 | 525 | 552 | 566 | 266 | 209 |
| EPS in Rs | 38.48 | 48.56 | 46.28 | 57.68 | 67.97 | 58.5 | 60.27 | 79.99 | 106 | 112 | 115 | 53.85 | 42.36 |
| Div. Payout % | 26% | 31% | 22% | 21% | 18% | 222% | 24% | 18% | 38% | 116% | 13% | 74% | — |
Balance Sheet
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 53 | 53 | 53 | 51 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 |
| Reserves | 1,363 | 1,612 | 1,758 | 1,786 | 1,648 | 1,856 | 1,514 | 1,836 | 2,292 | 2,633 | 2,549 | 1,280 |
| Borrowings | 0 | 65 | 34 | 85 | 90 | 22 | 18 | 16 | 14 | 12 | 7 | 3 |
| Other Liabilities | 495 | 419 | 459 | 522 | 510 | 542 | 721 | 713 | 822 | 957 | 959 | 747 |
| Total Liabilities | 1,911 | 2,149 | 2,304 | 2,444 | 2,297 | 2,469 | 2,303 | 2,615 | 3,178 | 3,651 | 3,564 | 2,079 |
| Fixed Assets | 347 | 298 | 299 | 293 | 284 | 352 | 345 | 402 | 424 | 472 | 551 | 440 |
| CWIP | 18 | 12 | 35 | 37 | 62 | 41 | 65 | 52 | 63 | 89 | 56 | 28 |
| Investments | 20 | 19 | 149 | 154 | 44 | 197 | 2 | 2 | 2 | 9 | 9 | 9 |
| Other Assets | 1,526 | 1,820 | 1,821 | 1,960 | 1,906 | 1,879 | 1,890 | 2,158 | 2,688 | 3,081 | 2,948 | 1,602 |
| Total Assets | 1,911 | 2,149 | 2,304 | 2,444 | 2,297 | 2,469 | 2,303 | 2,615 | 3,178 | 3,651 | 3,564 | 2,079 |
Cash Flow
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 218 | 26 | 115 | 367 | 181 | 330 | 324 | 57 | 690 | 624 | 203 | 363 |
| Investing | -3 | -174 | 147 | -265 | 306 | -154 | 654 | -33 | -45 | -158 | -60 | -705 |
| Financing | -93 | 49 | -126 | -225 | -477 | -178 | -652 | -78 | -79 | -204 | -650 | -76 |
| Net Cash Flow | 122 | -99 | 136 | -123 | 11 | -2 | 326 | -53 | 567 | 262 | -507 | -418 |
| Free Cash Flow | 184 | -4 | 74 | 318 | 140 | 271 | 255 | -34 | 585 | 496 | 72 | 134 |
| CFO/OP | 117 | 47 | 76 | 124 | 81 | 129 | 102 | 37 | 120 | 115 | 116 | 190 |
Ratios
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 56 | 59 | 71 | 65 | 63 | 56 | 80 | 68 | 58 | 60 | 168 | 123 |
| Inventory Days | 71 | 65 | 94 | 92 | 95 | 92 | 109 | 110 | 98 | 90 | 381 | 103 |
| Days Payable | 82 | 57 | 68 | 89 | 72 | 84 | 135 | 83 | 86 | 94 | 289 | 175 |
| Cash Conversion Cycle | 46 | 67 | 97 | 68 | 86 | 64 | 54 | 96 | 69 | 56 | 260 | 51 |
| Working Capital Days | 44 | 56 | 85 | 56 | 71 | 65 | 60 | 87 | 59 | 47 | 186 | 77 |
| ROCE % | 23% | 25% | 21% | 24% | 28% | 19% | 23% | 31% | 34% | 29% | 13% | 13% |
Documents
Frequently Asked Questions about SKF India Ltd
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Company Information
SKF India Ltd is a leading supplier of products, solutions & services within rolling bearing, seals, mechatronics, and lubrication systems.[1]