SKF India
- P/E
- 32.94
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 13.30%
- Debt to Equity
- 0.00
- EPS (TTM)
- ₹42.36
- Book Value
- ₹268.91
- Market Cap
- —
- P/E (TTM)
- 32.94
- P/B
- 5.19
- ROE
- 15.10%
- Dividend Yield
- 2.72%
- EBITDA
- ₹555 Cr
- 52W High
- ₹2,245.00
- 52W Low
- ₹1,375.00
- Day Range
- ₹1,378.00 – ₹1,462.50
- Volume
- 2,75,041
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 100/100
Category scores
- Quality
- 73
- Strong
- Returns, margins, earnings quality 22% weight
- Valuation
- 61
- Good
- Cheap vs sector & own history 24% weight
- Growth
- 52
- Average
- Sales & profit trajectory 9% weight
- Financial Health
- 76
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 19
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 38
- Weak
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
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.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 11 | 6 | 2 |
| Oscillators | Bullish | 1 | 6 | 2 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bullish
Overall
Strong Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 41.45
- Neutral
- MACD (12,26,9)
- −16.43
- Bullish
- SMA (50)
- 1,487.58
- Bearish
- SMA (200)
- 1,601.42
- Bearish
As of
Analyst Rating
2 of 6 analysts rate Buy, 3 Hold, 1 Sell.
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | Irregular period |
|---|---|
| 5Y | −4.43% |
| 3Y | −20.91% |
| 1Y | +15.45% |
| TTM | +17.93% |
Net profit
| 10Y | Irregular period |
|---|---|
| 5Y | −2.25% |
| 3Y | −20.28% |
| 1Y | −53.00% |
| TTM | −60.08% |
Operating cash flow
| 10Y | Irregular period |
|---|---|
| 5Y | +2.30% |
| 3Y | −19.27% |
| 1Y | +78.82% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | Irregular period |
|---|---|
| 5Y | −4.03 pp |
| 3Y | −5.71 pp |
| 1Y | −8.74 pp |
| TTM | −7.56 pp |
Revenue by year
| Mar 2017 | ₹2,631 Cr |
|---|---|
| Mar 2018 | ₹2,750 Cr |
| Mar 2019 | ₹3,035 Cr |
| Mar 2020 | ₹2,842 Cr |
| Mar 2021 | ₹2,671 Cr |
| Mar 2022 | ₹3,666 Cr |
| Mar 2023 | ₹4,305 Cr |
| Mar 2024 | ₹4,570 Cr |
| Mar 2025 | ₹1,845 Cr |
| Mar 2026 | ₹2,130 Cr |
Net profit by year
| Mar 2017 | ₹244 Cr |
|---|---|
| Mar 2018 | ₹296 Cr |
| Mar 2019 | ₹336 Cr |
| Mar 2020 | ₹289 Cr |
| Mar 2021 | ₹298 Cr |
| Mar 2022 | ₹395 Cr |
| Mar 2023 | ₹525 Cr |
| Mar 2024 | ₹552 Cr |
| Mar 2025 | ₹566 Cr |
| Mar 2026 | ₹266 Cr |
Analyst Forecasts
Analyst consensus here uses a different definition from reported ebitda (they differ 1.6× on periods where both exist), so the forecast is shown on its own rather than joined to the reported line.
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
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.
- 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.
Quarterly Results
₹ Cr| Particulars | 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 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,150 | 1,125 | 1,092 | 1,203 | 1,206 | 399 | 559 | 493 | 462 | 496 | 577 | 595 | 588 | 596 |
| Expenses | 947 | 1,001 | 920 | 990 | 1,013 | 336 | 452 | 370 | 389 | 438 | 494 | 562 | 500 | 538 |
| Operating Profit | 203 | 124 | 172 | 213 | 194 | 63 | 106 | 123 | 74 | 58 | 82 | 33 | 88 | 57 |
| OPM % | 18% | 11% | 16% | 18% | 16% | 16% | 19% | 25% | 16% | 12% | 14% | 6% | 15% | 10% |
| Other Income | 23 | 18 | 24 | 35 | 40 | 59 | 45 | 122 | 77 | 74 | 20 | 29 | 12 | 29 |
| Interest | 0 | 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 | 17 |
| PBT | 208 | 122 | 177 | 229 | 214 | 109 | 137 | 232 | 135 | 116 | 86 | 46 | 84 | 70 |
| Tax % | 26% | 26% | 25% | 24% | 26% | 13% | 20% | 13% | 12% | 9% | 28% | 144% | 26% | 26% |
| Net Profit | 155 | 90 | 132 | 175 | 159 | 94 | 110 | 203 | 119 | 106 | 62 | −20 | 62 | 52 |
| EPS (₹) | 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 | — |
Sep 2026: from the results filed on 3 Nov 2026, ahead of the full statement, so some rows are blank.
Profit & Loss
₹ Cr| Particulars | 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 (₹) | 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
₹ Cr| Particulars | 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
₹ Cr| Particulars | 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/EBITDA | 117 | 47 | 76 | 124 | 81 | 129 | 102 | 37 | 120 | 115 | 116 | 190 |
Ratios
| Particulars | 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view SKF India insights
63 extracted metrics across FY11–FY27.
Documents
- Q1 FY27 concall · Aug 2026Transcript PPT Recording
- Concall · Jun 2026Recording
- Q4 FY26 concall · May 2026Transcript PPT
- Concall · Aug 2025Transcript PPT
- Q1 FY26 concall · Aug 2025Transcript PPT
- 13 May 2026
- General announcements 3 Nov 2026
- General announcements 3 Nov 2026
- General announcements 30 Oct 2026
Frequently Asked Questions about SKF India
What does SKF India Ltd do?
Where is SKF India Ltd (SKFINDIA) listed?
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What is the PE ratio of SKF India Ltd?
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Does SKF India Ltd pay dividends?
What is the Return on Equity (ROE) of SKF India Ltd?
Company Information
SKF India Ltd is a leading supplier of products, solutions & services within rolling bearing, seals, mechatronics, and lubrication systems.
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