SKF India Limited (IN:SKFINDIA)
:SKFINDIA
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SKF India Limited
(SKFINDIA)
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Rating:68Neutral
Price Target:
₹1,846.00
▲(1.71% Upside)
Action:Reiterated
Date:05/15/26
The score is primarily supported by a very strong balance sheet and generally solid historical profitability, but it is held back by the latest year’s sharp revenue/margin deterioration and inconsistent cash conversion, alongside a mixed technical picture and only moderate valuation support (P/E ~26, ~0.86% yield).
Positive Factors
Very low leverage / strong balance sheet
Extremely low leverage (debt-to-equity near zero) is a durable strength: it preserves financial flexibility to fund working capital, capital expenditure or absorb cyclical shocks without external borrowing, supporting resilient operations and strategic investments over the medium term.
Negative Factors
Sharp revenue and margin deterioration
A pronounced drop in sales (~25.6% y/y) with material margin compression weakens earnings quality and limits internal cash generation. If sustained, this can erode scale advantages, pressure unit economics, and force trade-offs between margin recovery and market share maintenance over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Extremely low leverage (debt-to-equity near zero) is a durable strength: it preserves financial flexibility to fund working capital, capital expenditure or absorb cyclical shocks without external borrowing, supporting resilient operations and strategic investments over the medium term.
Read all positive factors
SKF India Limited (SKFINDIA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹83.52B
Dividend Yield0.39%
Average Volume (3M)1.85K
Price to Earnings (P/E)―
Beta (1Y)1.07
Revenue Growth-23.51%
EPS Growth-53.01%
CountryIN
Employees1,701
SectorIndustrials
Sector Strength72
IndustryManufacturing - Tools & Accessories
Share Statistics
EPS (TTM)108.40
Shares Outstanding49,437,965
10 Day Avg. Volume2,027
30 Day Avg. Volume1,850
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)49.87
Revenue Forecast (FY)₹23.10B
SKF India Limited Business Overview & Revenue Model
Company Description
SKF India Limited supplies rotating equipment in automotive and industrial segment in India. It offers rolling bearings, bearings accessories, engineered products, and track rollers; and mounted bearings and housings, super-precision bearings, sle...
How the Company Makes Money
SKF India makes money primarily by selling bearings and related rotating equipment products to customers in India across industrial and automotive end-markets. Revenue is typically generated through (1) product sales to OEMs (original equipment ma...
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 | 50.62B | 37.63B | 49.20B | 45.70B | 43.05B | 36.66B |
| Gross Profit | 19.32B | 11.46B | 18.42B | 17.33B | 16.81B | 13.69B |
| EBITDA | 7.73B | 4.49B | 7.45B | 7.15B | 7.92B | 5.73B |
| Net Income | 5.36B | 2.66B | 5.66B | 5.52B | 5.25B | 3.95B |
Balance Sheet | ||||||
| Total Assets | 38.73B | 20.79B | 35.64B | 36.51B | 31.78B | 26.28B |
| Cash, Cash Equivalents and Short-Term Investments | 8.11B | 3.00B | 7.19B | 12.18B | 9.55B | 3.99B |
| Total Debt | 33.50M | 29.10M | 69.20M | 117.60M | 144.40M | 161.00M |
| Total Liabilities | 11.19B | 7.50B | 9.66B | 9.69B | 8.37B | 7.43B |
| Stockholders Equity | 27.54B | 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 Technical Analysis
Positive
1815.00
Price Trends
1637.21
Positive
1702.23
Negative
1918.80
Negative
Market Momentum
3.22
Positive
51.12
Neutral
45.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SKFINDIA, the sentiment is Positive. The current price of 1815 is above the 20-day moving average (MA) of 1703.19, above the 50-day MA of 1637.21, and below the 200-day MA of 1918.80, indicating a neutral trend. The MACD of 3.22 indicates Positive momentum. The RSI at 51.12 is Neutral, neither overbought nor oversold. The STOCH value of 45.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SKFINDIA.
SKF India Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹282.13B | 38.31 | ― | 1.18% | 9.64% | -9.12% | |
68 Neutral | ₹83.52B | -88.36 | ― | 0.39% | -23.51% | -53.01% | |
65 Neutral | ₹37.07B | 18.43 | ― | 0.27% | 15.57% | 73.80% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | ₹8.45B | 91.53 | ― | 0.87% | -19.34% | -49.87% | |
50 Neutral | ₹100.47B | 117.53 | ― | 0.38% | 3.88% | -85.35% | |
38 Underperform | ₹741.70M | -2.06 | ― | ― | 7.34% | ― |
* Industrials Sector Average
IN:SKFINDIA
SKF India Limited
1,689.30
-476.93
-22.02%
IN:HARSHA
Harsha Engineers International Ltd.
407.15
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4.51%
IN:NIBL
NRB Industrial Bearings Ltd.
30.61
6.49
26.91%
IN:RKFORGE
Ramkrishna Forgings Ltd
555.00
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IN:STERTOOLS
Sterling Tools Limited
232.50
-86.00
-27.00%
IN:TIMKEN
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3,750.85
668.77
21.70%
SKF India Limited Corporate Events
SKF India opens special window for re-lodgment of physical share transfer requests
Apr 18, 2026
SKF India Limited has informed the stock exchanges that it has published a regulatory newspaper notice regarding a special window for shareholders to re-lodge transfer requests of physical share certificates. The advertisement, carried in the Fina...
SKF India shareholders ratify appointment of three non-executive directors
Mar 17, 2026
SKF India Limited has informed the stock exchanges that its shareholders, through a postal ballot process concluded on 17 March 2026, have approved the appointment of three Non-Executive, Non-Independent Directors to its board, effective 13 Januar...
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.