Skf India (Industrial) Limited (SKFINDUS)

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Skf India (Industrial) Limited (SKFINDUS) · mywealthgrid

About

SKF India manufactures abrasives and bearings for the industrial sector, with a market capitalization of ₹13,262 Cr and recent quarterly revenues near ₹950–970 Cr. As a supplier of essential inputs to industrial machinery, the company's growth depends on capex cycles in manufacturing and engineering. Recent quarters show profitability volatility and margin compression, warranting attention to operational stability.

Face value: ₹10

Market cap

₹13,507 Cr

P/E

62.1×

P/B

9.2×

Dividend yield

1.1%

ROE

15.6%

ROCE

29.7%

Debt / equity

OPM

11.3%

EPS (TTM)

₹44.0

Book value

₹298.7

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Profitability volatility: net loss of ₹50.09 Cr (Dec 2025) followed by recovery to ₹61.92 Cr (Jun 2026); verify whether the loss was a one-time issue or signals structural challenges.

Operating margin compression from 12.41% (Dec 2025) to 8.57% (Mar 2026) and 9.09% (Jun 2026); verify whether input costs, pricing power, or capacity utilization are the drivers.

High valuation at PE 60.93 with flat revenue growth (₹860–971 Cr quarterly range); limited room for earnings disappointment.

Cyclical exposure: as an industrial inputs supplier, demand is tied to capex and utilization in manufacturing; verify current capital investment trends.

Generated analysis · source review pending

Growth drivers

ROE of 15.62% supports reinvestment in manufacturing capacity and product development.

Zero debt (D/E 0) enables balance-sheet flexibility for strategic capex, R&D, or acquisitions.

Profit recovery from ₹−50.09 Cr (Dec 2025) loss to ₹61.92 Cr (Jun 2026) signals operational stabilization if sustained in coming quarters.

Generated analysis · source review pending

200 historical price candles were omitted because the exchange source has not been verified.

₹2,734.2-2%1Y

Quick read

rule-based

Pros

+High return on capital employed of 21.1%
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 1988.5×
+Dividend payout of 68.1% of profit

Cons

−Expensive at 62.1× trailing earnings
−Trading at 9.2× book value

Research score

Structured signal from quality, growth, valuation and momentum.

39/100

Business quality: 69
Valuation: 8

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2025	Mar 2026
	721	3,440
COGS	412	2,324
Gross profit	309	1,116
	147	726
	161	390
OPM %	22.4%	11.3%
Depreciation	9	31
Interest	0	0
	13	-137
Profit before tax	164	221
Tax	43	4
Tax %	26.2%	1.6%
	121	218
PAT margin %	16.8%	6.3%
EPS (₹)	—	44
EPS adjusted (₹)	24.5	44
	—	22.7%
Annual report	—	Annual report for Mar 2026

₹ Cr	Mar 2025	Mar 2026
Equity capital	49	49
Reserves	1,262	1,427
	—	0
	604	1,198
Total equity & liabilities	1,915	2,675
	156	184
CWIP	9	134
Investments	—	23
	1,750	2,333
Total assets	1,915	2,675

₹ Cr	Mar 2026
	171
	-53
	-2
Net cash flow	116
Free cash flow	77
CFO / Operating profit %	43.7%

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: 377%

Compounded profit growth

7 years: —
5 years: —
3 years: —
1 year: 79%

Return on equity

7 years: —
5 years: —
3 years: —
Last year: 15%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2025	Mar 2026
Margins
Gross margin %	42.8%	32.4%
EBITDA margin %	22.4%	11.3%
EBIT margin %	21.1%	10.4%
PAT margin %	16.8%	6.3%
Working capital
Receivable days	269	88
Inventory days	450	84
Payable days	—	116
NWC days	—	56
Leverage
Current ratio	2.61	1.75
Debt to EBITDA	—	0
Debt to equity	—	0
Interest coverage	1,175.3	1,988.5
Asset turnover	0.38	1.29
Return ratios
Return on assets %	6.3%	8.1%
Return on capital employed %	12.4%	29.7%
Return on equity %	9.3%	14.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	52.58%	52.58%	52.58%	52.58%
	7%	4.75%	4.86%	5.08%
	27.07%	29.48%	29.73%	29.18%
Government	0%	0%	0%	0%
	13.35%	13.19%	12.83%	13.16%
No. of shareholders	64,255	61,646	57,325	55,936

Promoter holding up 0 percentage points since Sep 2025.

2 deals · 18 Sept 2026 – 18 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
18 Sept 2026	VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND	Bulk	NSE	Buy	2,61,148	₹2,984.60	₹77.94 Cr
18 Sept 2026	VANGUARD EMERGING MARKETS STOCK INDEX FUND A SERIES OF VIEIF	Bulk	NSE	Buy	2,54,214	₹2,984.60	₹75.87 Cr

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Gopal SubramanyamNon-Executive - Independent Director-Chairperson
Ms. Anu Arun WakhluNon-Executive - Independent Director
Mr. Mukund VasudevanExecutive Director-MD
Mr. Mangalore Sujeeth PaiExecutive Director
Mr. Ajay Ranjit NaikNon-Executive - Non Independent Director
Mr. Karl Robin Joakim LandholmNon-Executive - Non Independent Director
Ms. Poorva BangCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 8 fund houses

Held by these funds

4.23%

of the company's equity

All mutual funds

26.47%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

17 schemes · 8 fund houses

		Shares
Large Cap Fund	SBI Mutual Fund	7.91 L	236.12	0.43%	1.602%	-0
Dividend Yield Fund	SBI Mutual Fund	3.6 L	107.4	1.26%	0.729%	-0
Business Cycle Fund	ICICI Prudential Mutual Fund	2.23 L	66.49	0.42%	0.451%	-0
Small Cap FundNEW	ICICI Prudential Mutual Fund	1.7 L	50.72	0.52%	0.344%	—
Infrastructure Fund	ICICI Prudential Mutual Fund	1.42 L	42.29	0.49%	0.287%	-0
India T.I.G.E.R. Fund (The Infrastructure Growth and Economic Reforms Fund)	DSP Mutual Fund	1.01 L	30.19	0.47%	0.205%	-0
INFRASTRUCTURE FUND	Tata Mutual Fund	80,000	23.87	1.18%	0.162%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	60,405	18.02	0.72%	0.122%	-1,323

1–8 of 17

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Annual Report FY2026from bse Summary

Investor Presentation and earnings call

Aug 2026Transcript AI Summary PPT REC
May 2026Transcript AI SummaryPPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

2

Interim dividend17 Aug 2026 · ex-date₹20
Final dividend3 Jul 2026 · ex-date₹10

1

Board meeting to consider results11 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

27 announcementsExport CSV

12 Sept 2026, 8:37 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

11 Sept 2026, 7:44 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

Postal Ballot PDF

1 Sept 2026, 12:40 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

1 Sept 2026, 12:34 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

1 Sept 2026, 12:06 pmCompany Update

Announcement under Regulation 30 (LODR)-Cessation

Cessation PDF

19 Aug 2026, 5:45 pmCompany Update

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Earnings Call Transcript PDF

14 Aug 2026, 7:12 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

14 Aug 2026, 8:09 amCompany Update

Announcement under Regulation 30 (LODR)-Investor Presentation

Investor Presentation PDF

Date	Category	Subject	Filing
12 Sept 2026, 8:37 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
11 Sept 2026, 7:44 pm	AGM/EGM Postal Ballot	Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

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Ratio	Mar 2025	Mar 2026
Margins
Gross margin %	42.8%	32.4%
EBITDA margin %	22.4%	11.3%
EBIT margin %	21.1%	10.4%
PAT margin %	16.8%	6.3%
Working capital
Receivable days	269	88
Inventory days	450	84
Payable days	—	116
NWC days	—	56
Leverage
Current ratio	2.61	1.75
Debt to EBITDA	—	0
Debt to equity	—	0
Interest coverage	1,175.3	1,988.5
Asset turnover	0.38	1.29
Return ratios
Return on assets %	6.3%	8.1%
Return on capital employed %	12.4%	29.7%
Return on equity %	9.3%	14.7%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Carborundum Universal LimitedCARBORUNIVCARBORUNIV	₹23,616 Cr	₹23,921 Cr	₹5,414 Cr	₹593 Cr	11.1%	₹209 Cr	3.2%	9.9%	5.2%	187
Timken India LimitedTIMKENTIMKEN	₹23,303 Cr	₹23,303 Cr	₹3,478 Cr	₹632 Cr	18.2%	₹415 Cr	11.9%	18.6%	14.3%	116
Grindwell Norton LimitedGRINDWELLGRINDWELL	₹21,872 Cr	₹21,933 Cr	₹3,173 Cr	₹601 Cr	18.7%	₹436 Cr	13.6%	22.1%	17.4%	39
Skf India (Industrial) LimitedSKFINDUSSKFINDUS	₹13,507 Cr	₹13,507 Cr	₹3,440 Cr	₹390 Cr	11.3%	₹218 Cr	6.3%	29.7%	15.6%	56
Wendt (India) LimitedWENDTWENDT	₹1,623 Cr	₹1,623 Cr	₹255 Cr	₹36 Cr	13.6%	₹17 Cr	6.2%	9.1%	5.8%	168
Galaxy Bearings LtdGALXBRGGALXBRG	₹310 Cr	₹328 Cr	₹63 Cr	₹12 Cr	9.5%	₹8 Cr	4.9%	6.2%	3.1%	371
Nrb Industrial Bearings LimitedNIBLNIBL	₹76 Cr	₹212 Cr	₹76 Cr	₹-11 Cr	-13.5%	₹-31 Cr	-39%	-31.8%	—	32

Skf India (Industrial) Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Dividends2

Board meetings1

Announcements

Dividends2

Board meetings1

Not in the F&O segment

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

2

1

2

1