SKF India Ltd: Intrinsic Value & Share Price Analysis

Q: What is the intrinsic value of SKF India Ltd and is it undervalued?

SKF India Ltd: the stored intrinsic value estimate is ₹1,185.76, compared with a stored share price of ₹1,520.00. The model value is 22.0% below that quote. The model classifies this as overvalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

Fair Value

₹1,687.50Undervalued by 11.02%vs CMP ₹1,520.00

P/E (50.6) × ROE (15.1%) × BV (₹269.00) × DY (2.63%)

₹1,183.48Overvalued by 22.14%vs CMP ₹1,520.00

MoS: -28.4% (Negative)Confidence: 53/100 (Moderate)Models: 2 Under, 1 Fair, 6 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹1,761.02	22%	Under (+15.9%)
Graham Number	Earnings	₹774.08	16%	Over (-49.1%)
Earnings Power	Earnings	₹926.27	13%	Over (-39.1%)
DCF	Cash Flow	₹1,304.58	13%	Over (-14.2%)
Net Asset Value	Assets	₹268.84	7%	Over (-82.3%)
EV/EBITDA	Enterprise	₹2,009.34	9%	Under (+32.2%)
Earnings Yield	Earnings	₹990.00	7%	Over (-34.9%)
ROCE Capital	Returns	₹555.74	9%	Over (-63.4%)
Revenue Multiple	Revenue	₹1,492.89	5%	Fair (-1.8%)
Consensus (9 models)		₹1,183.48	100%	Overvalued

Key Drivers: Wide model spread (₹269–₹2,009) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 4.4%

*Investments are subject to market risks

Analysis summary

Data coverage: Price-data record updated 24 September 2026, 3:37 am +05:30. Annual results through Mar 2025; quarterly results through Dec 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Operating performance

Revenue for Mar 2025 was ₹4,920.00 Cr, versus ₹4,570.00 Cr in Mar 2024 (7.7% year on year). Net profit for Mar 2025 was ₹566.00 Cr, versus ₹552.00 Cr in Mar 2024 (2.5% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹203.00 Cr against net profit of ₹566.00 Cr. Cash flow covered 0.36 times reported profit. The gap warrants checking receivables, working capital and one-off items in the cash-flow statement.

Balance-sheet check

Reported borrowings were ₹3.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

SKF India Ltd scores 64/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health87/100 · Strong

ROCE 13.3% GoodROE 15.1% GoodDebt/equity Not availableInterest Coverage 1,209.7x StrongProfitable 5/5 available years Reported history

Smart Money50/100 · Moderate

FII holding stable No changePromoter holding at 52.6% Stable

Earnings Quality75/100 · Strong

CFO/NP ratio: 0.92x Cash-backed earningsOPM stable around 16% Steady

Quarterly Momentum15/100 · Weak

Revenue (4Q): -18% YoY DecliningProfit (4Q): -9% YoY DecliningOPM: 14.0% (down 5.0% YoY) Margin pressure

Industry Rank75/100 · Strong

P/E 50.6 vs industry 703.1 Lower P/EROCE 13.3% vs industry 17.6% AverageROE 15.1% vs industry 12.3% Above peers3Y sales CAGR: 10% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

Share Price and Basic Stock Data

Last Updated: September 24, 2026, 3:37 am

Market Cap	7,514 Cr.
Current Price	1,520
Intrinsic Value	₹1,185.76
High / Low	2,396/1,404
Stock P/E	50.6
Book Value	269
Dividend Yield	2.63 %
ROCE	13.3 %
ROE	15.1 %
Face Value	10.0
PEG Ratio	11.61

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for SKF India Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
SKF India Ltd	7,514 Cr.	1,520	2,396/1,404	50.6	269	2.63 %	13.3 %	15.1 %	10.0
NRB Bearings Ltd	5,244 Cr.	541	549/213	35.1	99.3	1.47 %	18.4 %	15.6 %	2.00
Menon Bearings Ltd	1,688 Cr.	301	330/101	49.5	27.3	0.66 %	27.1 %	22.9 %	1.00
Deccan Bearings Ltd	582 Cr.	291	310/103	5,287	8.97	0.00 %	1.00 %	0.56 %	10.0
Galaxy Bearings Ltd	295 Cr.	928	1,096/412	79.6	346	0.00 %	5.24 %	3.04 %	10.0
Industry Average	14,845.00 Cr	1,236.55		703.14	195.82	0.63%	17.59%	12.34%	7.22

All Competitor Stocks of SKF India Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	1,077	1,095	1,150	1,125	1,092	1,203	1,206	399	559	1,213	462	496	577
Expenses	893	928	947	1,001	920	990	1,013	336	452	929	389	438	494
Operating Profit	184	167	203	124	172	213	194	63	106	285	74	58	82
OPM %	17%	15%	18%	11%	16%	18%	16%	16%	19%	23%	16%	12%	14%
Other Income	13	20	23	18	24	35	40	59	45	12	77	74	20
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	17	17	18	19	19	19	20	13	14	22	16	15	16
Profit before tax	180	170	208	122	177	229	214	109	137	275	135	116	86
Tax %	35%	28%	26%	26%	25%	24%	26%	13%	20%	26%	12%	9%	28%
Net Profit	116	123	155	90	132	175	159	94	110	203	119	106	62
EPS in Rs	23.58	24.87	31.28	18.26	26.76	35.39	32.19	19.10	22.19	41.05	24.01	21.39	12.55

Last Updated: March 3, 2026, 2:40 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 9:16 pm

Metric	Dec 2013	Dec 2014	Mar 2016n n 15m	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	2,275	2,414	2,997	2,631	2,750	3,035	2,842	2,671	3,666	4,305	4,570	4,920	2,748
Expenses	2,014	2,132	2,636	2,295	2,316	2,549	2,492	2,251	3,110	3,556	3,853	4,174	2,250
Operating Profit	261	281	362	336	435	486	349	420	556	749	718	745	499
OPM %	11%	12%	12%	13%	16%	16%	12%	16%	15%	17%	16%	15%	18%
Other Income	41	79	101	87	71	92	104	36	35	52	94	101	183
Interest	0	0	0	0	5	8	9	2	2	2	1	1	0
Depreciation	49	54	68	48	46	46	57	58	57	67	75	83	69
Profit before tax	253	306	394	376	455	524	387	396	531	733	736	763	613
Tax %	34%	34%	35%	35%	35%	36%	25%	25%	26%	28%	25%	26%
Net Profit	167	203	256	244	296	336	289	298	395	525	552	566	489
EPS in Rs	31.64	38.48	48.56	46.28	57.68	67.97	58.50	60.27	79.99	106.23	111.69	114.54	99.00
Dividend Payout %	24%	26%	31%	22%	21%	18%	222%	24%	18%	38%	116%	13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	21.31%	13.51%	-13.99%	3.11%	32.55%	32.91%	5.14%	2.54%
Change in YoY Net Profit Growth (%)	0.00%	-7.80%	-27.50%	17.10%	29.44%	0.36%	-27.77%	-2.61%

SKF India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	7%
5 Years:	12%
3 Years:	10%
TTM:	8%

Compounded Profit Growth
10 Years:	11%
5 Years:	17%
3 Years:	13%
TTM:	-6%

Stock Price CAGR
10 Years:	14%
5 Years:	23%
3 Years:	-1%
1 Year:	-14%

Return on Equity
10 Years:	19%
5 Years:	22%
3 Years:	23%
Last Year:	21%

Last Updated: September 5, 2025, 1:31 pm

Balance Sheet

Last Updated: July 21, 2026, 2:00 am

Month	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

Reserves and Borrowings Chart

Cash Flow

Month	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	218	26	115	367	181	330	324	57	690	624	203	363
Cash from Investing Activity +	-3	-174	147	-265	306	-154	654	-33	-45	-158	-60	-705
Cash from Financing Activity +	-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/OP	117%	47%	76%	124%	81%	129%	102%	37%	120%	115%	116%	190%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
Period	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	184.00	-4.00	74.00	318.00	140.00	271.00	255.00	-34.00	585.00	496.00	72.00	134.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Dec 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	53	56	59	71	65	63	56	80	68	58	60	63
Inventory Days	65	71	65	94	92	95	92	109	110	98	90	106
Days Payable	64	82	57	68	89	72	84	135	83	86	94	80
Cash Conversion Cycle	54	46	67	97	68	86	64	54	96	69	56	88
Working Capital Days	44	44	56	85	56	71	66	60	87	59	47	69
ROCE %	23%	23%	25%	21%	24%	28%	19%	23%	31%	34%	29%	29%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	52.58%	52.58%	52.58%	52.58%	52.58%	52.58%	52.58%	52.58%	52.58%	52.58%	52.58%	52.58%
FIIs	6.46%	6.61%	6.77%	7.93%	8.25%	8.32%	8.21%	7.55%	6.98%	7.01%	7.10%	6.89%
DIIs	29.20%	28.98%	29.00%	28.12%	27.32%	27.15%	26.51%	26.61%	27.01%	26.74%	27.00%	27.17%
Public	11.77%	11.83%	11.65%	11.38%	11.86%	11.93%	12.68%	13.27%	13.42%	13.67%	13.31%	13.36%
No. of Shareholders	42,377	46,562	45,970	48,477	58,535	60,295	66,264	66,534	66,337	72,265	69,931	69,291

Shareholding Pattern Chart

No. of Shareholders

SKF India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Mirae Asset Large & Midcap Fund	2,022,050	0.82	346.78	1,785,509	2026-06-11 04:02:37	13.25%
Mirae Asset ELSS Tax Saver Fund	1,577,259	1.07	270.5	1,398,826	2026-03-24 00:21:47	12.76%
Mirae Asset Midcap Fund	629,219	0.59	107.91	628,803	2026-06-11 04:02:37	0.07%
ICICI Prudential Smallcap Fund	550,739	1.08	94.45	550,136	2026-02-22 09:17:00	0.11%
ICICI Prudential Business Cycle Fund	299,609	0.32	51.38	222,885	2026-06-11 04:02:37	34.42%
ICICI Prudential Manufacturing Fund	196,292	0.51	33.66	N/A	N/A	N/A
Franklin Build India Fund	100,000	0.53	17.15	N/A	N/A	N/A
DSP India T.I.G.E.R. Fund	93,800	0.28	16.09	N/A	N/A	N/A
Tata Infrastructure Fund	80,000	0.66	13.72	N/A	N/A	N/A
ICICI Prudential MNC Fund	56,007	0.56	9.61	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	114.50	111.60	106.20	79.90	60.20
Diluted EPS (Rs.)	114.50	111.60	106.20	79.90	60.20
Cash EPS (Rs.)	131.23	126.69	119.67	91.47	71.94
Book Value[Excl.RevalReserv]/Share (Rs.)	525.48	542.63	473.58	381.41	316.30
Book Value[Incl.RevalReserv]/Share (Rs.)	525.48	542.63	473.58	381.41	316.30
Revenue From Operations / Share (Rs.)	995.13	924.38	870.74	741.48	540.20
PBDIT / Share (Rs.)	171.28	164.16	162.07	119.36	92.31
PBIT / Share (Rs.)	154.48	149.07	148.55	107.82	80.59
PBT / Share (Rs.)	154.33	148.82	148.25	107.39	80.16
Net Profit / Share (Rs.)	114.43	111.60	106.15	79.92	60.22
NP After MI And SOA / Share (Rs.)	114.46	111.61	106.17	79.89	60.21
PBDIT Margin (%)	17.21	17.75	18.61	16.09	17.08
PBIT Margin (%)	15.52	16.12	17.06	14.54	14.91
PBT Margin (%)	15.50	16.09	17.02	14.48	14.83
Net Profit Margin (%)	11.49	12.07	12.19	10.77	11.14
NP After MI And SOA Margin (%)	11.50	12.07	12.19	10.77	11.14
Return on Networth / Equity (%)	21.78	20.56	22.41	20.94	19.03
Return on Capital Employeed (%)	28.78	27.06	30.83	27.57	24.75
Return On Assets (%)	15.87	15.11	16.51	15.02	12.92
Asset Turnover Ratio (%)	1.36	1.34	1.48	1.49	0.00
Current Ratio (X)	2.82	2.95	3.08	2.82	2.35
Quick Ratio (X)	1.86	2.22	2.21	1.84	1.68
Inventory Turnover Ratio (X)	6.32	1.69	1.53	1.57	0.00
Dividend Payout Ratio (NP) (%)	113.56	35.83	13.65	18.15	215.89
Dividend Payout Ratio (CP) (%)	99.02	31.56	12.11	15.85	180.71
Earning Retention Ratio (%)	-13.56	64.17	86.35	81.85	-115.89
Cash Earning Retention Ratio (%)	0.98	68.44	87.89	84.15	-80.71
Interest Coverage Ratio (X)	1209.73	670.74	530.65	283.72	214.26
Interest Coverage Ratio (Post Tax) (X)	809.20	457.01	348.54	190.97	140.78
Enterprise Value (Cr.)	18303.46	19358.28	20085.19	17090.76	10624.18
EV / Net Operating Revenue (X)	3.72	4.24	4.67	4.66	3.98
EV / EBITDA (X)	21.61	23.85	25.07	28.96	23.28
MarketCap / Net Operating Revenue (X)	3.87	4.50	4.89	4.77	4.17
Retention Ratios (%)	-13.56	64.16	86.34	81.84	-115.89
Price / BV (X)	7.32	7.67	8.99	9.28	7.11
Price / Net Operating Revenue (X)	3.87	4.50	4.89	4.77	4.17
EarningsYield	0.02	0.02	0.02	0.02	0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of SKF India Ltd and is it undervalued?

SKF India Ltd: the stored intrinsic value estimate is ₹1,183.48, compared with a stored share price of ₹1,520.00. The model value is 22.1% below that quote. The model classifies this as overvalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for SKF India Ltd?

The stored share price is ₹1,520.00. Price-data record updated: 24 September 2026, 3:37 am +05:30. This is not a live quote. The stored 52-week high / low is 2,396/1,404; this is a rolling range, not a financial-year range.

How have SKF India Ltd's revenue and profit changed?

Does SKF India Ltd's profit convert into cash?

What should I check in SKF India Ltd's balance sheet?

Reported borrowings were ₹3.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare SKF India Ltd's P/E with other stocks?

The stored P/E is 50.60. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change SKF India Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.