SKF India Ltd

SKF India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

SKF India Ltd

₹ 4,672 0.22%
21 Nov - close price
skfindia.com BSE: 500472 NSE: SKFINDIA
About

SKF India Ltd is a leading supplier of products, solutions & services within rolling bearing, seals, mechatronics, and lubrication systems.[1]

Key Points

Parent Company
The company is a subsidiary of AB SKF which holds ~53% stake through group companies. [1] AB SKF is a Swedish bearing and seal manufacturing company founded in 1907. It manufactures and supplies bearings, seals, lubrication and lubrication systems, maintenance products, mechatronics products, power transmission products, etc. It employs ~44,000 in ~110 manufacturing units around the world. [2]

Website BSE NSE
  • Market Cap ₹ 23,099 Cr.
  • Current Price ₹ 4,672
  • High / Low ₹ 7,350 / 4,024
  • Stock P/E 41.2
  • Book Value ₹ 464
  • Dividend Yield 2.78 %
  • ROCE 29.2 %
  • ROE 21.9 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 57.4%
  • Company's working capital requirements have reduced from 64.9 days to 47.8 days

Cons

  • Stock is trading at 10.1 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Bearings Industry: Bearings

Part of BSE Capital Goods Nifty 500 Nifty LargeMidcap 250 Nifty Midcap150 Quality 50 Nifty 500 Multicap 50:25:25

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
966 967 1,039 1,055 1,078 1,077 1,095 1,150 1,125 1,092 1,203 1,206 1,244
807 844 880 871 864 893 928 947 1,001 920 990 1,013 1,120
Operating Profit 160 123 159 184 215 184 167 203 124 172 213 194 124
OPM % 17% 13% 15% 17% 20% 17% 15% 18% 11% 16% 18% 16% 10%
9 16 2 9 10 13 20 23 18 24 35 40 23
Interest 1 0 1 0 0 0 0 0 0 0 0 0 0
Depreciation 12 16 15 16 17 17 17 18 19 19 19 20 20
Profit before tax 156 123 146 176 208 180 170 208 122 177 229 214 127
Tax % 25% 28% 25% 27% 25% 35% 28% 26% 26% 25% 24% 26% 26%
118 89 109 129 156 116 123 155 90 132 175 159 94
EPS in Rs 23.80 17.98 22.14 26.13 31.54 23.56 24.85 31.26 18.25 26.74 35.36 32.17 19.08
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Mar 2016 15m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,228 2,275 2,414 2,997 2,631 2,750 3,035 2,842 2,671 3,666 4,305 4,570 4,746
1,969 2,014 2,132 2,636 2,295 2,316 2,549 2,492 2,251 3,110 3,556 3,853 4,043
Operating Profit 258 261 281 362 336 435 486 349 420 556 749 718 703
OPM % 12% 11% 12% 12% 13% 16% 16% 12% 16% 15% 17% 16% 15%
68 41 79 101 87 71 92 104 36 35 52 94 123
Interest 0 0 0 0 0 5 8 9 2 2 2 1 1
Depreciation 44 49 54 68 48 46 46 57 58 57 67 75 78
Profit before tax 283 253 306 394 376 455 524 387 396 531 733 736 747
Tax % 33% 34% 34% 35% 35% 35% 36% 25% 25% 26% 28% 25%
190 167 203 256 244 296 336 289 298 395 525 552 560
EPS in Rs 36.05 31.62 38.45 48.53 46.25 57.64 67.92 58.46 60.22 79.92 106.15 111.61 113.35
Dividend Payout % 21% 24% 26% 31% 22% 21% 18% 222% 24% 18% 38% 116%
Compounded Sales Growth
10 Years: 7%
5 Years: 9%
3 Years: 20%
TTM: 7%
Compounded Profit Growth
10 Years: 12%
5 Years: 11%
3 Years: 23%
TTM: 16%
Stock Price CAGR
10 Years: 13%
5 Years: 17%
3 Years: 8%
1 Year: -1%
Return on Equity
10 Years: 19%
5 Years: 21%
3 Years: 23%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 53 53 53 53 53 51 49 49 49 49 49 49 49
Reserves 1,103 1,223 1,363 1,612 1,758 1,786 1,648 1,856 1,514 1,836 2,292 2,633 2,244
0 0 0 65 34 85 90 22 18 16 14 12 10
444 420 495 419 459 522 510 542 721 713 822 957 1,206
Total Liabilities 1,599 1,695 1,911 2,149 2,304 2,444 2,297 2,469 2,303 2,615 3,178 3,651 3,510
348 376 347 298 299 293 284 352 345 402 424 472 502
CWIP 59 25 18 12 35 37 62 41 65 52 63 89 76
Investments 0 0 20 19 149 154 44 197 2 2 2 9 9
1,192 1,294 1,526 1,820 1,821 1,960 1,906 1,879 1,890 2,158 2,688 3,081 2,923
Total Assets 1,599 1,695 1,911 2,149 2,304 2,444 2,297 2,469 2,303 2,615 3,178 3,651 3,510

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
199 122 218 26 115 367 181 330 324 57 690 624
-101 -165 -3 -174 147 -265 306 -154 654 -33 -45 -158
-46 -46 -93 49 -126 -225 -477 -178 -652 -78 -79 -204
Net Cash Flow 52 -89 122 -99 136 -123 11 -2 326 -53 567 262

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 52 53 56 59 71 65 63 56 80 68 58 60
Inventory Days 63 65 71 65 94 92 95 92 109 110 98 90
Days Payable 68 64 82 57 68 89 72 84 135 83 86 94
Cash Conversion Cycle 47 54 46 67 97 68 86 64 54 96 69 56
Working Capital Days 37 44 44 64 90 67 71 66 61 87 60 48
ROCE % 26% 23% 23% 25% 21% 24% 28% 19% 23% 31% 34% 29%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58% 52.58%
6.37% 6.33% 6.47% 6.36% 6.48% 6.51% 6.42% 6.46% 6.61% 6.77% 7.93% 8.25%
28.54% 28.26% 28.56% 29.02% 28.97% 29.09% 29.37% 29.20% 28.98% 29.00% 28.12% 27.32%
12.52% 12.84% 12.39% 12.05% 11.98% 11.81% 11.66% 11.77% 11.83% 11.65% 11.38% 11.86%
No. of Shareholders 37,30241,00940,45644,61045,53443,09842,35942,37746,56245,97048,47758,535

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Concalls