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SKF India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2,254.39Undervalued by 32.46%vs CMP ₹1,702.00

P/E (23.4) × ROE (21.4%) × BV (₹558.00) × DY (0.85%)

₹1,437.36Overvalued by 15.55%vs CMP ₹1,702.00
MoS: -18.4% (Negative)Confidence: 58/100 (Moderate)Models: 2 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2,352.6122%Under (+38.2%)
Graham NumberEarnings₹1,114.8716%Over (-34.5%)
Earnings PowerEarnings₹926.6613%Over (-45.6%)
DCFCash Flow₹1,305.0513%Over (-23.3%)
Net Asset ValueAssets₹557.227%Over (-67.3%)
EV/EBITDAEnterprise₹2,009.959%Under (+18.1%)
Earnings YieldEarnings₹990.007%Over (-41.8%)
ROCE CapitalReturns₹1,150.099%Over (-32.4%)
Revenue MultipleRevenue₹1,493.205%Over (-12.3%)
Consensus (9 models)₹1,437.36100%Overvalued
Key Drivers: Wide model spread (₹557–₹2,353) — 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

Analyst Summary

SKF India Ltd operates in the Bearings segment, current market price is ₹1,702.00, market cap is 8,412 Cr.. At a glance, stock P/E is 23.4, ROE is 21.4 %, ROCE is 28.8 %, book value is 558, dividend yield is 0.85 %. The latest intrinsic value estimate is ₹1,437.36, around 15.5% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹4,920 Cr versus the prior period change of 7.7%, while latest net profit is about ₹566 Cr with a prior-period change of 2.5%. The 52-week range shown on this page is 2,396/1,404, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisSKF India Ltd. is a Public Limited Listed company incorporated on 12/04/1961 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L29130P…

This summary is generated from the stock page data available for SKF India Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

52
SKF India Ltd scores 52/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health92/100 · Strong
ROCE 28.8% ExcellentROE 21.4% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money30/100 · Weak
FII holding down -1.20% (6mo) SellingPromoter holding at 52.6% Stable
Earnings Quality50/100 · Moderate
OPM 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 Rank40/100 · Moderate
P/E 23.4 vs industry 31.3 In-lineROCE 28.8% vs industry 30.6% AverageROE 21.4% vs industry 74.7% Below peers3Y sales CAGR: 10% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 26, 2026, 12:12 am

Market Cap 8,412 Cr.
Current Price 1,702
Intrinsic Value₹1,383.00
High / Low 2,396/1,404
Stock P/E23.4
Book Value 558
Dividend Yield0.85 %
ROCE28.8 %
ROE21.4 %
Face Value 10.0
PEG Ratio5.37

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

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 8,412 Cr. 1,702 2,396/1,40423.4 5580.85 %28.8 %21.4 % 10.0
NRB Bearings Ltd 2,739 Cr. 283 313/20818.4 98.52.02 %15.9 %12.7 % 2.00
Menon Bearings Ltd 665 Cr. 119 146/96.425.5 23.81.68 %17.2 %14.4 % 1.00
Deccan Bearings Ltd 574 Cr. 287 310/98.6 8.790.00 %127 %127 % 10.0
Galaxy Bearings Ltd 154 Cr. 485 1,100/42624.2 3370.00 %16.1 %13.6 % 10.0
Industry Average15,143.43 Cr1,202.2531.26221.570.71%30.55%74.66%7.22

All Competitor Stocks of SKF India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,0771,0951,1501,1251,0921,2031,2063995591,213462496577
Expenses 8939289471,0019209901,013336452929389438494
Operating Profit 18416720312417221319463106285745882
OPM % 17%15%18%11%16%18%16%16%19%23%16%12%14%
Other Income 13202318243540594512777420
Interest 0000000000000
Depreciation 17171819191920131422161516
Profit before tax 18017020812217722921410913727513511686
Tax % 35%28%26%26%25%24%26%13%20%26%12%9%28%
Net Profit 116123155901321751599411020311910662
EPS in Rs 23.5824.8731.2818.2626.7635.3932.1919.1022.1941.0524.0121.3912.55

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

Quarterly Chart

Profit & Loss - Annual Report

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

MetricDec 2013Dec 2014Mar 2016n n 15mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,2752,4142,9972,6312,7503,0352,8422,6713,6664,3054,5704,9202,748
Expenses 2,0142,1322,6362,2952,3162,5492,4922,2513,1103,5563,8534,1742,250
Operating Profit 261281362336435486349420556749718745499
OPM % 11%12%12%13%16%16%12%16%15%17%16%15%18%
Other Income 417910187719210436355294101183
Interest 0000589222110
Depreciation 49546848464657585767758369
Profit before tax 253306394376455524387396531733736763613
Tax % 34%34%35%35%35%36%25%25%26%28%25%26%
Net Profit 167203256244296336289298395525552566489
EPS in Rs 31.6438.4848.5646.2857.6867.9758.5060.2779.99106.23111.69114.5499.00
Dividend Payout % 24%26%31%22%21%18%222%24%18%38%116%13%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
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: January 7, 2026, 4:25 pm

MonthDec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 53535353514949494949494949
Reserves 1,2231,3631,6121,7581,7861,6481,8561,5141,8362,2922,6332,5492,705
Borrowings 0065348590221816141272
Other Liabilities 4204954194595225105427217138229579591,116
Total Liabilities 1,6951,9112,1492,3042,4442,2972,4692,3032,6153,1783,6513,5643,873
Fixed Assets 376347298299293284352345402424472551408
CWIP 25181235376241655263895656
Investments 0201914915444197222999
Other Assets 1,2941,5261,8201,8211,9601,9061,8791,8902,1582,6883,0812,9483,400
Total Assets 1,6951,9112,1492,3042,4442,2972,4692,3032,6153,1783,6513,5643,873

Reserves and Borrowings Chart

Cash Flow

MonthDec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1222182611536718133032457690624203
Cash from Investing Activity + -165-3-174147-265306-154654-33-45-158-60
Cash from Financing Activity + -46-9349-126-225-477-178-652-78-79-204-650
Net Cash Flow -89122-99136-12311-2326-53567262-507
Free Cash Flow 73184-474318140271255-3458549672
CFO/OP 80%117%47%76%124%81%129%102%37%120%115%59%

Free Cash Flow

MonthDec 2013Dec 2014Mar 2016n n 15mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow261.00281.00362.00302.00350.00396.00327.00402.00540.00735.00706.00738.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthDec 2013Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 535659716563568068586063
Inventory Days 657165949295921091109890106
Days Payable 6482576889728413583869480
Cash Conversion Cycle 544667976886645496695688
Working Capital Days 444456855671666087594769
ROCE %23%23%25%21%24%28%19%23%31%34%29%29%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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 6.51%6.42%6.46%6.61%6.77%7.93%8.25%8.32%8.21%7.55%6.98%7.01%
DIIs 29.09%29.37%29.20%28.98%29.00%28.12%27.32%27.15%26.51%26.61%27.01%26.74%
Public 11.81%11.66%11.77%11.83%11.65%11.38%11.86%11.93%12.68%13.27%13.42%13.67%
No. of Shareholders 43,09842,35942,37746,56245,97048,47758,53560,29566,26466,53466,33772,265

Shareholding Pattern Chart

No. of Shareholders

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

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid Cap Fund 2,353,023 0.43 408.84N/AN/AN/A
Mirae Asset Large & Midcap Fund 1,785,509 0.72 310.231,134,4402026-03-24 00:21:4757.39%
Mirae Asset ELSS Tax Saver Fund 1,577,259 1.05 274.051,398,8262026-03-24 00:21:4712.76%
HDFC Small Cap Fund 1,108,471 0.51 192.6N/AN/AN/A
HDFC Hybrid Equity Fund 1,000,000 0.73 173.75943,1082026-01-26 02:18:516.03%
SBI Large Cap Fund 791,489 0.25 137.52N/AN/AN/A
Mirae Asset Midcap Fund 628,803 0.6 109.25544,7962026-03-24 00:21:4715.42%
ICICI Prudential Smallcap Fund 550,739 1.15 95.69550,1362026-02-22 09:17:000.11%
Mirae Asset Focused Fund 247,847 0.61 43.06685,8132026-03-24 00:21:47-63.86%
ICICI Prudential Business Cycle Fund 222,885 0.24 38.73N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 114.50111.60106.2079.9060.20
Diluted EPS (Rs.) 114.50111.60106.2079.9060.20
Cash EPS (Rs.) 131.23126.69119.6791.4771.94
Book Value[Excl.RevalReserv]/Share (Rs.) 525.48542.63473.58381.41316.30
Book Value[Incl.RevalReserv]/Share (Rs.) 525.48542.63473.58381.41316.30
Revenue From Operations / Share (Rs.) 995.13924.38870.74741.48540.20
PBDIT / Share (Rs.) 171.28164.16162.07119.3692.31
PBIT / Share (Rs.) 154.48149.07148.55107.8280.59
PBT / Share (Rs.) 154.33148.82148.25107.3980.16
Net Profit / Share (Rs.) 114.43111.60106.1579.9260.22
NP After MI And SOA / Share (Rs.) 114.46111.61106.1779.8960.21
PBDIT Margin (%) 17.2117.7518.6116.0917.08
PBIT Margin (%) 15.5216.1217.0614.5414.91
PBT Margin (%) 15.5016.0917.0214.4814.83
Net Profit Margin (%) 11.4912.0712.1910.7711.14
NP After MI And SOA Margin (%) 11.5012.0712.1910.7711.14
Return on Networth / Equity (%) 21.7820.5622.4120.9419.03
Return on Capital Employeed (%) 28.7827.0630.8327.5724.75
Return On Assets (%) 15.8715.1116.5115.0212.92
Asset Turnover Ratio (%) 1.361.341.481.490.00
Current Ratio (X) 2.822.953.082.822.35
Quick Ratio (X) 1.862.222.211.841.68
Inventory Turnover Ratio (X) 6.321.691.531.570.00
Dividend Payout Ratio (NP) (%) 113.5635.8313.6518.15215.89
Dividend Payout Ratio (CP) (%) 99.0231.5612.1115.85180.71
Earning Retention Ratio (%) -13.5664.1786.3581.85-115.89
Cash Earning Retention Ratio (%) 0.9868.4487.8984.15-80.71
Interest Coverage Ratio (X) 1209.73670.74530.65283.72214.26
Interest Coverage Ratio (Post Tax) (X) 809.20457.01348.54190.97140.78
Enterprise Value (Cr.) 18303.4619358.2820085.1917090.7610624.18
EV / Net Operating Revenue (X) 3.724.244.674.663.98
EV / EBITDA (X) 21.6123.8525.0728.9623.28
MarketCap / Net Operating Revenue (X) 3.874.504.894.774.17
Retention Ratios (%) -13.5664.1686.3481.84-115.89
Price / BV (X) 7.327.678.999.287.11
Price / Net Operating Revenue (X) 3.874.504.894.774.17
EarningsYield 0.020.020.020.020.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

SKF India Ltd. is a Public Limited Listed company incorporated on 12/04/1961 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L29130PN1961PLC213113 and registration number is 011980. Currently Company is involved in the business activities of Manufacture of bearings, gears, gearing and driving elements. Company's Total Operating Revenue is Rs. 4919.92 Cr. and Equity Capital is Rs. 49.44 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
BearingsChinchwad, Pune Maharashtra 411033Contact not found
Management
NamePosition Held
Mr. Gopal SubramanyamChairman(NonExe.&Ind.Director)
Mr. Mukund VasudevanManaging Director
Mr. Shailesh SharmaWhole Time Director
Mr. Karl Robin Joakim LandholmNon Exe.Non Ind.Director
Ms. Anu WakhluNon Exe.Non Ind.Director
Ms. Kerstin EnochssonNon Exe.Non Ind.Director

FAQ

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

As of 26 April 2026, SKF India Ltd's intrinsic value is ₹1437.36, which is 15.55% lower than the current market price of ₹1,702.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (21.4 %), book value (₹558), dividend yield (0.85 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of SKF India Ltd?

SKF India Ltd is trading at ₹1,702.00 as of 26 April 2026, with a FY2026-2027 high of ₹2,396 and low of ₹1,404. The stock is currently in the middle of its 52-week range. Market cap stands at ₹8,412 Cr..

How does SKF India Ltd's P/E ratio compare to its industry?

SKF India Ltd has a P/E ratio of 23.4, which is below the industry average of 31.26. This is broadly in line with or below the industry average.

Is SKF India Ltd financially healthy?

Key indicators for SKF India Ltd: ROCE of 28.8 % indicates efficient capital utilization; ROE of 21.4 % shows strong shareholder returns. Dividend yield is 0.85 %.

Is SKF India Ltd profitable and how is the profit trend?

SKF India Ltd reported a net profit of ₹566 Cr in Mar 2025 on revenue of ₹4,920 Cr. Compared to ₹395 Cr in Mar 2022, the net profit shows an improving trend.

Does SKF India Ltd pay dividends?

SKF India Ltd has a dividend yield of 0.85 % at the current price of ₹1,702.00. The company pays dividends, though the yield is modest.

Last Updated: April 26, 2026, 12:12 am
Author: Getaka|Social: XLinkedIn
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in SKF India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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