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SKF India Ltd

Updated on September 21, 2020

Stock/Share Code - SKFINDIA

SKF India is a leading supplier of products, solutions & services within rolling bearing, seals, mechatronics, and lubrication system.

Below is the details of SKFINDIA SKF India Ltd

Market Cap₹7,981 Cr.
Current Price ₹1,440.6 as on 25 Sep 20
52 Week High / Low Price₹2,317.95 / ₹1,230
Face Value₹10
Stock P/E37.84
Book Value₹385.38
Dividend Yield0.74 %
ROCE19.56 %
ROE14.60 %
Sales Growth (3yrs)2.59 %
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has reduced debt. Company is virtually debt free. Company has been maintaining a healthy dividend payout of 20.24%
Cons: The company has delivered a poor growth of 3.32% over past five years. Earnings include an other income of Rs.102.04 Cr.

SKF India Ltd Price Chart

SKF India Ltd Price Chart

SKF India Ltd Peer Comparison in Bearings

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Schaeffler India ₹3,596.15 57.71 ₹12,399.88 Cr. 0.88 -₹42.47 Cr. -151.49 -60.70 438.88 18.82
2. SKF India ₹254.75 38.10 ₹8,035.89 Cr. 0.74 -₹0.25 Cr. -100.32 -61.22 301.24 19.56
3. Bimetal Bearings ₹40 134.39 ₹106.17 Cr. 2.53 ₹3.7 Cr. 172.06 -25.16 36.62 0.41
4. Vishal Bearings ₹320.05 2557.00 ₹25.57 Cr. 1.17 Cr. 5.78
5. NRB Indl Bearing ₹72.95 ₹14.79 Cr. 0.00 -₹3.76 Cr. 23.27 -47.48 5.52 -9.32

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SKF India Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020
Sales -679.81700.49703.64754.95766.04767.65748.44776.83747.20707.34610.21301.24
YOY Sales Growth %3%5%8%13%13%10%6%3%-2%-8%-18%-61%
Expenses -568.74577.47597.51638.93643.35646.01637.45656.81652.19634.79548.34301.87
Material Cost %56%57%57%59%57%59%59%60%64%66%62%61%
Employee Cost %9%9%8%8%9%8%8%8%8%8%10%19%
Operating Profit111.07123.02106.13116.02122.69121.64110.99120.0295.0172.5561.87-0.63
OPM %16.34%17.56%15.08%15.37%16.02%15.85%14.83%15.45%12.72%10.26%10.14%-0.21%
Other Income16.4920.0318.8122.5321.4333.8229.1617.1523.2217.1146.4415.27
Profit before tax114.48130.18111.72125.14130.40141.91126.78120.68101.6472.7291.83-0.33
Tax %35.39%33.82%35.95%35.38%35.35%37.67%35.16%35.42%16.75%29.61%17.96%24.24%
Net Profit73.9686.1571.5680.8684.3088.4582.2077.9484.6251.1975.34-0.25
EPS in Rs14.4016.8013.9015.7016.4017.2016.3015.8017.1010.4015.20-0.10

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020TTM
Sales -1,6271,5712,0682,4352,2282,2752,4142,9972,6312,7503,0352,8422,366
Sales Growth %3.82%-3.47%31.67%17.72%-8.51%2.13%6.09%24.18%-12.21%4.52%10.33%-6.36%
Expenses -1,4291,4081,8182,1361,9692,0142,1322,6362,2952,3162,5492,4922,137
Material Cost %64%66%65%65%65%63%62%62%62%58%59%63%
Manufacturing Cost %6%6%7%6%6%6%6%6%6%5%6%6%
Employee Cost %8%9%7%7%8%9%9%9%8%9%9%8%
Other Cost %9%8%9%10%10%10%11%11%11%12%11%11%
Operating Profit198163251298258261281362336435486349229
OPM %12%10%12%12%12%11%12%12%13%16%16%12%10%
Other Income26105054684179101877192104102
Profit before tax194143266314283253306394376455524387266
Tax %34%34%33%34%33%34%34%35%35%35%36%25%
Net Profit12894177208190167203256244296336289211
EPS in Rs23.4517.2032.4138.3234.8330.3436.6838.8246.2557.6367.9158.4542.60
Dividend Payout %19%22%21%19%21%24%26%31%22%21%18%22%

Compounded Sales Growth

  • 10 Years:: 6.11%
  • 5 Years:: 3.32%
  • 3 Years:: 2.59%
  • TTM:: -22.65%

Compounded Profit Growth

  • 10 Years:: 9.66%
  • 5 Years:: 5.35%
  • 3 Years:: 2.56%
  • TTM:: -36.65%

Return on Equity

  • 10 Years:: 10.85%
  • 5 Years:: 5.61%
  • 3 Years:: 1.85%
  • 1 Year:: -12.96%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Share Capital -535353535353535353514949
Equity Capital52.7352.7352.7352.7352.7352.7352.7352.7352.7351.3449.4449.44
Other Liabilities -305366436496444420495419459522510564
Trade Payables223286309319268251337293304390349412
Advance from Customers323423412212
Other liability items7978124174174166155125153130160150
Total Liabilities9511,0811,2851,5081,5991,6951,9112,1492,3042,4442,2972,469
Fixed Assets -176202283318348376347298299293284352
Gross Block6767148118839451,0101,013378426462483595
Accumulated Depreciation50051352856459763466680127169199243
Other Assets -7128249651,1531,1921,2941,5261,8201,8211,9601,9061,879
Trade receivables215216271372320330373483514491521436
Cash Equivalents192289212224307376535697591743603618
Loans n Advances89148253638597112117169129111158
Other asset items-8-11-12214232237214188130195209216
Total Assets9511,0811,2851,5081,5991,6951,9112,1492,3042,4442,2972,469

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Cash from Operating Activity -4722711515219912221826115367181330
Profit from operations207158277319276278298383361446500361
Loans Advances00-157-9-12100000
Other WC items00000-126-19-3-2922-67
Working capital changes-86125-84-6411-4632-215-10594-10791
Direct taxes-73-55-79-103-89-87-112-142-141-173-212-122
Exceptional CF items00000-22000000
Cash from Investing Activity -59-104-165-52-101-165-3-174147-265306-154
Fixed assets purchased-72-55-97-85-88-51-37-32-42-50-46-95
Fixed assets sold0954823211536
Investments purchased00000000-149-50-153
Investments sold00000000001090
Interest received161118324442587765587658
Inter corporate deposits000-4600000000
Other investing items115-68-9144-65-158-26-220271-2691620
Cash from Financing Activity --37-27-25-44-46-46-9349-126-225-477-178
Proceeds from borrowings000000000050
Repayment of borrowings-0-0-0-00000000-90
Interest paid fin00-1-100000-5-8-9
Dividends paid-37-28-25-43-46-46-93-16-95-62-74-72
Financial liabilities00000000000-7
Other financing items000000065-31-159-4000
Net Cash Flow7097-765652-89122-99136-12311-2

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Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
ROCE %33%24%34%34%26%23%23%25%21%24%28%20%
Debtor Days485048565253565971656356
Inventory Turnover5.495.276.546.185.615.885.636.124.444.044.234.03

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