SKF India Ltd.

1,596.5-0.32%

2026-08-21

skf.com / www.skfindia.comBSE: 500472NSE: SKFINDIA
Market Cap₹ 8,063 Cr.
Current Price₹ 1,602
High / Low₹ 5,074 / 1,404
Stock P/E38.5
Book Value₹ 281
Price to Book5.26
Dividend Yield2.45 %
ROCE22.1 %
ROE13.5 %
Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

PROS

  • Company is almost debt free
  • Company has a healthy return on capital (ROCE) of 26.8%
  • Company has consistently been profitable over the last 5 years
  • Working capital cycle has improved - days down from 123 to 73
  • Company has a consistent dividend-paying track record
  • Company generates healthy free cash flow

CONS

  • Recent results are weak - TTM profit is down 67.4% versus prior year
  • Company has delivered a poor profit growth of -2.2% over past five years
  • Operating margins have contracted to 11.9% from 18.6%
  • Company has delivered a poor sales growth of 7.1% over past five years
  • Stock is trading at 5.3x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.SCHAEFFLER4106.2051.2064181.410.85325.7813.472760.5517.3427.5518.08
2.TIMKEN3232.3558.6024313.330.081196.59528.779433.20891.4519.1418.83
3.SKFINDUS2800.050.0013842.880.3661.92-48.96970.7734.7215.899.09
4.SKFINDIA1630.9538.468063.082.4561.92-47.62587.79-54.1922.0914.99
5.NRBBEARING484.4031.834694.931.64377.601050.873695.301091.8418.3117.23
6.ROLEXRINGS174.800.004585.580.0060.1422.34304.344.3820.9822.58
7.BIMETAL618.0020.70236.382.183.94-7.0679.5310.987.016.32
8.NIBL31.130.0075.430.00-6.59-29.5718.901.90-18.80-7.86
9.AUSTENG121.809.9742.360.000.94-38.7632.28-10.688.164.86
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
1,150
941
Operating Profit
OPM %
Other Income
17
Interest
0
Depreciation
18
208
Tax %
25.56%
Net Profit
0
31
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
1,125
1,001
Operating Profit
OPM %
Other Income
18
Interest
0
Depreciation
19
122
Tax %
26.02%
Net Profit
0
18
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
1,092
920
Operating Profit
OPM %
Other Income
24
Interest
0
Depreciation
19
177
Tax %
25.33%
Net Profit
0
27
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
1,203
990
Operating Profit
OPM %
Other Income
35
Interest
0
Depreciation
19
229
Tax %
23.73%
Net Profit
0
35
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
1,206
1,013
Operating Profit
OPM %
Other Income
40
Interest
0
Depreciation
20
214
Tax %
25.58%
Net Profit
159
32
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
1,244
1,120
Operating Profit
OPM %
Other Income
23
Interest
0
Depreciation
20
127
Tax %
25.73%
Net Profit
94
19
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
1,256
1,135
Operating Profit
OPM %
Other Income
48
Interest
0
Depreciation
21
147
Tax %
25.51%
Net Profit
110
22
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
1,213
929
Operating Profit
OPM %
Other Income
12
Interest
0
Depreciation
22
275
Tax %
26.31%
Net Profit
203
41
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
1,283
1,116
Operating Profit
OPM %
Other Income
15
Interest
0
Depreciation
23
160
Tax %
26.06%
Net Profit
118
24
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
1,309
1,143
Operating Profit
OPM %
Other Income
24
Interest
0
Depreciation
23
141
Tax %
24.97%
Net Profit
105
21
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
577
494
Operating Profit
OPM %
Other Income
30
Interest
0
Depreciation
16
86
Tax %
28.20%
Net Profit
62
12
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
595
561
Operating Profit
OPM %
Other Income
37
Interest
0
Depreciation
16
47
Tax %
142.00%
Net Profit
-20
-4
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
588
516
Operating Profit
OPM %
Other Income
12
Interest
0
Depreciation
17
84
Tax %
26.16%
Net Profit
62
1
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
49
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
2,671
2,251
Operating Profit
456
OPM %
17
Other Income
36
Interest
2
Depreciation
58
396
Tax %
25
Net Profit
298
EPS
60
Dividend Payout %
24
Minority Interest
0
Share of Associates
-0
Adjusted EPS
60
Minority Interest
0
Share of Associates
-0
Adjusted EPS
60
Mar 2022
3,666
3,110
Operating Profit
590
OPM %
16
Other Income
35
Interest
2
Depreciation
57
531
Tax %
26
Net Profit
395
EPS
80
Dividend Payout %
18
Minority Interest
0
Share of Associates
0
Adjusted EPS
80
Minority Interest
0
Share of Associates
0
Adjusted EPS
80
Mar 2023
4,305
3,556
Operating Profit
801
OPM %
19
Other Income
52
Interest
2
Depreciation
67
733
Tax %
28
Net Profit
525
EPS
106
Dividend Payout %
38
Minority Interest
0
Share of Associates
0
Adjusted EPS
106
Minority Interest
0
Share of Associates
0
Adjusted EPS
106
Mar 2024
4,570
3,853
Operating Profit
812
OPM %
18
Other Income
94
Interest
1
Depreciation
75
736
Tax %
25
Net Profit
552
EPS
112
Dividend Payout %
116
Minority Interest
0
Share of Associates
0
Adjusted EPS
112
Minority Interest
0
Share of Associates
0
Adjusted EPS
112
Mar 2025
4,920
4,175
Operating Profit
847
OPM %
17
Other Income
101
Interest
1
Depreciation
83
763
Tax %
26
Net Profit
566
EPS
114
Dividend Payout %
13
Minority Interest
0
Share of Associates
0
Adjusted EPS
114
Minority Interest
0
Share of Associates
0
Adjusted EPS
114
Mar 2026
3,763
3,315
Operating Profit
555
OPM %
15
Other Income
106
Interest
0
Depreciation
78
433
Tax %
39
Net Profit
266
EPS
54
Dividend Payout %
74
Minority Interest
0
Share of Associates
0
Adjusted EPS
54
Minority Interest
0
Share of Associates
0
Adjusted EPS
54
TTM
3,068
2,715
Operating Profit
OPM %
Other Income
103
Interest
0
Depreciation
72
358
Tax %
41
Net Profit
210
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
-0
Adjusted EPS
Minority Interest
0
Share of Associates
-0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
7%
3 Years:
-4%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
-2%
3 Years:
-20%

STOCK PRICE CAGR

10 Years:
1%
5 Years:
-10%
3 Years:
-32%
1 Year:
-65%

RETURN ON EQUITY

10 Years:
5 Years:
21%
3 Years:
19%
Last Year:
14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2026

Jul 3

₹ 4

Rs.40.0000 per share(400%)Final Dividend

2025

Jul 4

₹ 1.45

Rs.14.5000 per share(145%)Final Dividend

2024

Jul 4

₹ 13

Rs.130.0000 per share(1300%)Final Dividend

2023

Jun 28

₹ 4

Rs.40.0000 per share(400%)Final Dividend

2022

Jun 28

₹ 1.45

Rs.14.5000 per share(145%)Dividend

2021

Jul 6

₹ 1.45

Rs.14.5000 per share(145%)Dividend

2018

Jul 13

₹ 1.20

Rs.12.0000 per share(120%)Dividend

2017

Jul 18

₹ 1

Rs.10.0000 per share(100%)Dividend

2016

Jul 8

₹ 1.50

Rs.15.0000 per share(150%)Dividend

2020

May 7

₹ 13

Rs.130.0000 per share(1300%)Special Dividend

Mar 2021
Equity Capital
49
1,514
Trade Payables
577
1,833
Total Liabilities
3,973
330
Capital Work in Progress
65
2
468
0
Cash & Bank
500
2,608
Total Assets
3,973
Total Debt
0
Net Working Capital
938
Contingent Liabilities
301
Book Value per Share
316.30
Face Value
10.00
Total Debt
0
Net Working Capital
938
Contingent Liabilities
301
Book Value per Share
316.30
Face Value
10.00
Mar 2022
Equity Capital
49
1,836
Trade Payables
508
2,025
Total Liabilities
4,420
380
Capital Work in Progress
52
2
677
0
Cash & Bank
402
2,907
Total Assets
4,420
Total Debt
0
Net Working Capital
1,274
Contingent Liabilities
467
Book Value per Share
381.41
Face Value
10.00
Total Debt
0
Net Working Capital
1,274
Contingent Liabilities
467
Book Value per Share
381.41
Face Value
10.00
Mar 2023
Equity Capital
49
2,292
Trade Payables
608
2,253
Total Liabilities
5,203
401
Capital Work in Progress
63
2
686
0
Cash & Bank
958
3,092
Total Assets
5,203
Total Debt
0
Net Working Capital
1,654
Contingent Liabilities
480
Book Value per Share
473.58
Face Value
10.00
Total Debt
0
Net Working Capital
1,654
Contingent Liabilities
480
Book Value per Share
473.58
Face Value
10.00
Mar 2024
Equity Capital
49
2,633
Trade Payables
713
2,484
Total Liabilities
5,879
447
Capital Work in Progress
89
9
684
751
Cash & Bank
1,222
2,677
Total Assets
5,879
Total Debt
0
Net Working Capital
1,813
Contingent Liabilities
525
Book Value per Share
542.63
Face Value
10.00
Total Debt
0
Net Working Capital
1,813
Contingent Liabilities
525
Book Value per Share
542.63
Face Value
10.00
Mar 2025
Equity Capital
49
2,549
Trade Payables
663
2,686
Total Liabilities
5,947
527
Capital Work in Progress
56
9
873
849
Cash & Bank
719
2,915
Total Assets
5,947
Total Debt
0
Net Working Capital
1,658
Contingent Liabilities
582
Book Value per Share
525.48
Face Value
10.00
Total Debt
0
Net Working Capital
1,658
Contingent Liabilities
582
Book Value per Share
525.48
Face Value
10.00
Mar 2026
Equity Capital
49
1,280
Trade Payables
548
2,799
Total Liabilities
4,677
440
Capital Work in Progress
28
9
323
717
Cash & Bank
300
2,859
Total Assets
4,677
Total Debt
0
Net Working Capital
752
Contingent Liabilities
214
Book Value per Share
268.90
Face Value
10.00
Total Debt
0
Net Working Capital
752
Contingent Liabilities
214
Book Value per Share
268.90
Face Value
10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
324
Cash from Investing
654
Cash from Financing
-652
326
Free Cash Flow
324
OCF / Net Profit
1.09
Cumulative 5-Year FCF
0
OCF / Net Profit
1.09
Cumulative 5-Year FCF
0
Mar 2022
57
Cash from Investing
-33
Cash from Financing
-78
-53
Free Cash Flow
-43
OCF / Net Profit
0.14
Cumulative 5-Year FCF
0
OCF / Net Profit
0.14
Cumulative 5-Year FCF
0
Mar 2023
690
Cash from Investing
-45
Cash from Financing
-79
567
Free Cash Flow
599
OCF / Net Profit
1.32
Cumulative 5-Year FCF
0
OCF / Net Profit
1.32
Cumulative 5-Year FCF
0
Mar 2024
624
Cash from Investing
-158
Cash from Financing
-204
262
Free Cash Flow
482
OCF / Net Profit
1.13
Cumulative 5-Year FCF
0
OCF / Net Profit
1.13
Cumulative 5-Year FCF
0
Mar 2025
203
Cash from Investing
-60
Cash from Financing
-650
-507
Free Cash Flow
76
OCF / Net Profit
0.36
Cumulative 5-Year FCF
0
OCF / Net Profit
0.36
Cumulative 5-Year FCF
0
Mar 2026
363
Cash from Investing
-182
Cash from Financing
-76
105
Free Cash Flow
363
OCF / Net Profit
1.36
Cumulative 5-Year FCF
1,477
OCF / Net Profit
1.36
Cumulative 5-Year FCF
1,477

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
EPS (₹)
60.21
Book Value (₹)
316.30
Dividend per Share (₹)
14.50
Cash EPS (₹)
71.94
Operating Margin %
17.09%
Net Margin %
11.15%
ROE %
19.04%
ROCE %
25.48%
7.49%
Debtor Days
80
Inventory Days
64
Payable Days
135
9
Debt to Equity (x)
0.00x
Interest Coverage (x)
187.05x
2.35x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
79.89
Book Value (₹)
381.41
Dividend per Share (₹)
14.50
Cash EPS (₹)
91.44
Operating Margin %
16.10%
Net Margin %
10.77%
ROE %
22.90%
ROCE %
30.90%
9.41%
Debtor Days
63
Inventory Days
57
Payable Days
88
32
Debt to Equity (x)
0.00x
Interest Coverage (x)
256.19x
2.87x
Revenue Growth %
37.26%
Operating Profit Growth %
29.31%
Net Profit Growth %
32.66%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
106.17
Book Value (₹)
473.58
Dividend per Share (₹)
40.00
Cash EPS (₹)
119.68
Operating Margin %
18.61%
Net Margin %
12.19%
ROE %
24.83%
ROCE %
34.75%
10.91%
Debtor Days
58
Inventory Days
58
Payable Days
79
36
Debt to Equity (x)
0.00x
Interest Coverage (x)
486.44x
3.08x
Revenue Growth %
17.43%
Operating Profit Growth %
35.78%
Net Profit Growth %
32.89%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
111.61
Book Value (₹)
542.63
Dividend per Share (₹)
130.00
Cash EPS (₹)
126.70
Operating Margin %
15.70%
Net Margin %
12.07%
ROE %
21.97%
ROCE %
29.34%
9.96%
Debtor Days
57
Inventory Days
55
Payable Days
87
25
Debt to Equity (x)
0.00x
Interest Coverage (x)
609.12x
2.95x
Revenue Growth %
6.16%
Operating Profit Growth %
1.29%
Net Profit Growth %
5.13%
5.13%
P/E (x)
37.30x
P/B (x)
7.67x
Dividend Yield %
3.12%
23.85x
Mar 2025
EPS (₹)
114.46
Book Value (₹)
525.48
Dividend per Share (₹)
14.50
Cash EPS (₹)
131.27
Operating Margin %
15.15%
Net Margin %
11.50%
ROE %
21.43%
ROCE %
28.93%
9.57%
Debtor Days
59
Inventory Days
58
Payable Days
83
34
Debt to Equity (x)
0.00x
Interest Coverage (x)
1091.29x
2.82x
Revenue Growth %
7.65%
Operating Profit Growth %
4.34%
Net Profit Growth %
2.56%
2.56%
P/E (x)
33.61x
P/B (x)
7.32x
Dividend Yield %
0.38%
21.61x
Mar 2026
EPS (₹)
53.79
Book Value (₹)
268.90
Dividend per Share (₹)
40.00
Cash EPS (₹)
69.56
Operating Margin %
11.93%
Net Margin %
7.07%
ROE %
13.54%
ROCE %
22.09%
5.01%
Debtor Days
76
Inventory Days
58
Payable Days
98
36
Debt to Equity (x)
0.00x
Interest Coverage (x)
1239.23x
2.06x
Revenue Growth %
-23.51%
Operating Profit Growth %
-34.46%
Net Profit Growth %
-53.01%
-53.01%
P/E (x)
26.30x
P/B (x)
5.26x
Dividend Yield %
2.83%
12.06x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
52.58
7.93
28.12
Government
0.00
11.39
Sep 2024
52.58
8.25
27.32
Government
0.00
11.86
Dec 2024
52.58
8.32
27.15
Government
0.00
11.94
Mar 2025
52.58
8.21
26.51
Government
0.00
12.69
Jun 2025
52.58
7.55
26.61
Government
0.00
13.26
Sep 2025
52.58
6.98
27.01
Government
0.00
13.43
Dec 2025
52.58
7.01
26.74
Government
0.00
13.67
Mar 2026
52.58
7.10
27.00
Government
0.00
13.32
Jun 2026
52.58
6.89
27.17
Government
0.00
13.36

Documents

Announcements

  • Updates

    2026-08-20 - We are enclosing herewith Transcript of the 65th Annual General Meeting of the company held on 14th August 2026.

  • Analysts/Institutional Investor Meet/Con. Call Updates

    2026-08-18 - Pursuant to Clause 15(b)(i) of Schedule III, Part A, Para A read with Regulation 30(2), Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended from time to time) ( SEBI LODR ), SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026 and our intimation dated 11th August 2026 for intimation of meeting & 17th August 2026 for submission of Presentation, we are hereby submitting the audio-recording link of Investor Call (Earnings Call) for Q1 FY 2026-27 held on Monday, 17th August 2026 at 1:00 p.m. (IST) , which is available on the website of the Company.Below is the link of the Audio of the aforesaid Investor Call available on the website of the Company for reference: https://www.skf.com/in/investors/skf-india-ltd/shareholder-information

Credit Ratings

Nothing filed yet.

Concalls