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SKF India Limited
(SKFINDIA)
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Rating:67Neutral
Price Target:
₹1,706.00
▲(14.69% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by strong financial resilience (very low leverage and solid historical profitability), but it is held back by the latest year’s sharp revenue decline and margin compression, plus inconsistent cash conversion. Technicals are mixed (some near-term support but still below longer-term averages), and valuation is relatively expensive with a high P/E despite a moderate dividend yield.
Positive Factors
Very Low Leverage
A near debt-free balance sheet gives SKF India flexibility to withstand cyclical industrial and automotive demand, fund operations, and invest in capabilities without significant interest or refinancing pressure.
Negative Factors
Sharp Revenue Decline
The substantial sales contraction signals weaker current demand or customer activity across key markets. Unless growth broadens again, lower revenue can reduce operating leverage and constrain the company’s earnings base.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
A near debt-free balance sheet gives SKF India flexibility to withstand cyclical industrial and automotive demand, fund operations, and invest in capabilities without significant interest or refinancing pressure.
Read all positive factors
SKF India Limited (SKFINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹74.93B
Dividend Yield2.67%
Average Volume (3M)3.36K
Price to Earnings (P/E)35.6
Beta (1Y)1.05
Revenue Growth-38.60%
EPS Growth-60.08%
CountryIN
Employees1,701
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Tools & Accessories
Share Statistics
EPS (TTM)42.36
Shares Outstanding49,437,965
10 Day Avg. Volume3,219
30 Day Avg. Volume3,364
Financial Highlights & Ratios
PEG Ratio-0.50
Price to Book (P/B)5.26
Price to Sales (P/S)1.86
P/FCF Ratio39.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)51.2
Revenue Forecast (FY)₹24.12B
SKF India Limited Business Overview & Revenue Model
Company Description
SKF India Limited serves as a key provider of rotating machinery and associated solutions for both the automotive and industrial segments throughout India. Their extensive product line features a broad spectrum of bearings, including rolling, supe...
How the Company Makes Money
SKF India makes money primarily by selling bearings and related products to two broad customer segments: (1) original equipment manufacturers (OEMs) in automotive and industrial markets, and (2) the aftermarket (replacement demand) where customers...
SKF India Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
90
Very Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.68B | 37.63B | 49.20B | 45.70B | 43.05B | 36.66B |
| Gross Profit | 11.29B | 11.46B | 18.42B | 17.33B | 16.81B | 13.69B |
| EBITDA | 4.17B | 5.12B | 7.45B | 7.15B | 7.92B | 5.73B |
| Net Income | 2.10B | 2.66B | 5.66B | 5.52B | 5.25B | 3.95B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 20.79B | 35.64B | 36.51B | 31.78B | 26.28B |
| Cash, Cash Equivalents and Short-Term Investments | 2.92B | 3.00B | 7.19B | 12.18B | 9.55B | 3.99B |
| Total Debt | 0.00 | 29.10M | 69.20M | 117.60M | 144.40M | 161.00M |
| Total Liabilities | -13.29B | 7.50B | 9.66B | 9.69B | 8.37B | 7.43B |
| Stockholders Equity | 13.29B | 13.29B | 25.98B | 26.83B | 23.41B | 18.86B |
Cash Flow | ||||||
| Free Cash Flow | 1.26B | 1.76B | 717.30M | 4.94B | 5.84B | -345.40M |
| Operating Cash Flow | 3.20B | 4.06B | 2.03B | 6.24B | 6.90B | 570.90M |
| Investing Cash Flow | -1.60B | -2.25B | -598.30M | -1.58B | -449.20M | -325.90M |
| Financing Cash Flow | -755.20M | -754.60M | -6.50B | -2.04B | -785.50M | -779.90M |
SKF India Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹233.10B | 55.90 | ― | 0.16% | 13.01% | -7.32% | |
67 Neutral | ₹74.93B | 35.64 | ― | 2.67% | -38.60% | -60.08% | |
65 Neutral | ₹42.35B | 27.68 | ― | 0.32% | 20.22% | 69.59% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹8.01B | 30.20 | ― | 2.40% | -9.28% | -46.61% | |
47 Neutral | ₹130.42B | 119.24 | ― | 0.14% | 8.55% | -74.66% | |
42 Neutral | ₹782.65M | -2.49 | ― | ― | 11.94% | -243.51% |
* General Sector Average
IN:SKFINDIA
SKF India Limited
1,507.75
-719.87
-32.32%
IN:HARSHA
Harsha Engineers International Ltd.
470.50
74.98
18.96%
IN:NIBL
NRB Industrial Bearings Ltd.
32.77
4.76
16.99%
IN:RKFORGE
Ramkrishna Forgings Ltd
701.55
162.97
30.26%
IN:STERTOOLS
Sterling Tools Limited
221.00
-91.91
-29.37%
IN:TIMKEN
Timken India Limited
3,131.40
65.18
2.13%
SKF India Limited Corporate Events
SKF India Board Clears Q1 FY2026 Unaudited Results With Clean Auditor Review
Aug 12, 2026
SKF India Limited’s board has approved the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026 at its 12 August 2026 meeting, in line with SEBI listing regulations. The limited review reports issued by ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.