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5004

SKF IndiaBSE:500472 Stock Report

Market Cap

₹153.5b

7D

-0.1%

1Y

111.8%

Updated

26 Oct, 2021

Data

Company Financials
500472 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance6/6
Financial Health5/6
Dividends3/6

500472 Overview

SKF India Limited manufactures and supplies products, solutions, and services in the area of rolling bearings, seals, mechatronics, and lubrication systems primarily in India.

SKF India Competitors

Schaeffler India

BSE:505790

₹226.4b

Timken India

BSE:522113

₹127.0b

MTAR Technologies

BSE:543270

₹45.8b

Rolex Rings

BSE:543325

₹30.3b

Price History & Performance

Summary of all time highs, changes and price drops for SKF India
Historical stock prices
Current Share Price₹3,179.45
52 Week High₹1,463.20
52 Week Low₹3,440.00
Beta0.56
1 Month Change6.00%
3 Month Change11.53%
1 Year Change111.84%
3 Year Change79.08%
5 Year Change125.07%
Change since IPO981.45%

Recent News & Updates

Shareholder Returns

500472IN MachineryIN Market
7D-0.1%-5.3%-4.6%
1Y111.8%80.6%61.7%

Return vs Industry: 500472 exceeded the Indian Machinery industry which returned 80.2% over the past year.

Return vs Market: 500472 exceeded the Indian Market which returned 61% over the past year.

Price Volatility

Is 500472's price volatile compared to industry and market?
500472 volatility
500472 Beta0.56
Industry Beta0.78
Market Beta1

Stable Share Price: 500472 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 500472's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19231,762Manish Bhatnagarhttps://www.skf.com/in

SKF India Limited manufactures and supplies products, solutions, and services in the area of rolling bearings, seals, mechatronics, and lubrication systems primarily in India. It offers rolling bearings, bearings accessories, engineered products, and track rollers; and mounted bearings and housings, super-precision bearings, slewing bearings, plain bearings, and magnetic bearings and systems. The company also provides industrial seals, such as power transmission, hydraulic, fluid handling, and machined seals, as well as engineering services; automotive seals; and lubrication management products, such as lubricants, lubricators, and manual lubrication tools.

SKF India Fundamentals Summary

How do SKF India's earnings and revenue compare to its market cap?
500472 fundamental statistics
Market Cap₹153.53b
Earnings (TTM)₹3.77b
Revenue (TTM)₹30.63b

41.7x

P/E Ratio

5.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
500472 income statement (TTM)
Revenue₹30.63b
Cost of Revenue₹18.02b
Gross Profit₹12.61b
Expenses₹8.84b
Earnings₹3.77b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)76.26
Gross Margin41.18%
Net Profit Margin12.31%
Debt/Equity Ratio1.1%

How did 500472 perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

21%

Payout Ratio

Valuation

Is SKF India undervalued compared to its fair value and its price relative to the market?

41.69x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 500472 (₹3105.6) is trading above our estimate of fair value (₹938.17)

Significantly Below Fair Value: 500472 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 500472 is poor value based on its PE Ratio (40.7x) compared to the Indian Machinery industry average (23.9x).

PE vs Market: 500472 is poor value based on its PE Ratio (40.7x) compared to the Indian market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 500472's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 500472 is overvalued based on its PB Ratio (9.8x) compared to the IN Machinery industry average (1.8x).


Future Growth

How is SKF India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.0%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as SKF India has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has SKF India performed over the past 5 years?

4.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500472 has high quality earnings.

Growing Profit Margin: 500472's current net profit margins (12.3%) are higher than last year (8.9%).


Past Earnings Growth Analysis

Earnings Trend: 500472's earnings have grown by 4% per year over the past 5 years.

Accelerating Growth: 500472's earnings growth over the past year (78.9%) exceeds its 5-year average (4% per year).

Earnings vs Industry: 500472 earnings growth over the past year (78.9%) exceeded the Machinery industry 77.1%.


Return on Equity

High ROE: 500472's Return on Equity (24.1%) is considered high.


Financial Health

How is SKF India's financial position?


Financial Position Analysis

Short Term Liabilities: 500472's short term assets (₹16.3B) exceed its short term liabilities (₹6.9B).

Long Term Liabilities: 500472's short term assets (₹16.3B) exceed its long term liabilities (₹457.3M).


Debt to Equity History and Analysis

Debt Level: 500472's debt to equity ratio (1.1%) is considered satisfactory.

Reducing Debt: 500472's debt to equity ratio has increased from 0.06% to 1.1% over the past 5 years.

Debt Coverage: 500472's debt is well covered by operating cash flow (1842.8%).

Interest Coverage: 500472 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is SKF India current dividend yield, its reliability and sustainability?

0.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 500472's dividend (0.47%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).

High Dividend: 500472's dividend (0.47%) is low compared to the top 25% of dividend payers in the Indian market (1.41%).


Stability and Growth of Payments

Stable Dividend: 500472's dividend payments have been volatile in the past 10 years.

Growing Dividend: 500472's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.4%), 500472's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Manish Bhatnagar (52 yo)

3.17yrs

Tenure

₹29,658,919

Compensation

Mr. Manish Bhatnagar is Managing Director, Chief Executive Officer and Director at SKF India Limited since August 16, 2018. He has been Vice President and General Manager of Asia Water Section, Danaher Cor...


CEO Compensation Analysis

Compensation vs Market: Manish's total compensation ($USD395.27K) is about average for companies of similar size in the Indian market ($USD425.15K).

Compensation vs Earnings: Manish's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 500472's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: 500472's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

SKF India Limited's employee growth, exchange listings and data sources


Key Information

  • Name: SKF India Limited
  • Ticker: 500472
  • Exchange: BSE
  • Founded: 1923
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: ₹153.535b
  • Shares outstanding: 49.44m
  • Website: https://www.skf.com/in

Number of Employees


Location

  • SKF India Limited
  • Chinchwad
  • Pune
  • Maharashtra
  • 411033
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 12:01
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.