Loading...

SKF India

NSEI:SKFINDIA
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SKFINDIA
NSEI
₹91B
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

SKF India Limited manufactures and supplies products, solutions, and services in the area of bearings, seals, mechatronics, and lubrication systems primarily in India. The last earnings update was 8 days ago. More info.


Add to Portfolio Compare Print
SKFINDIA Share Price and Events
7 Day Returns
2.7%
NSEI:SKFINDIA
3.8%
IN Machinery
4.3%
IN Market
1 Year Returns
3.2%
NSEI:SKFINDIA
-17.5%
IN Machinery
0.3%
IN Market
SKFINDIA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SKF India (SKFINDIA) 2.7% -7.5% -5.3% 3.2% 49.8% 105.3%
IN Machinery 3.8% -5.2% 3.6% -17.5% 18% 69.5%
IN Market 4.3% -1.1% 6.7% 0.3% 36.5% 45.2%
1 Year Return vs Industry and Market
  • SKFINDIA outperformed the Machinery industry which returned -17.5% over the past year.
  • SKFINDIA outperformed the Market in India which returned 0.3% over the past year.
Price Volatility
SKFINDIA
Industry
5yr Volatility vs Market

SKFINDIA Value

 Is SKF India undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SKF India to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SKF India.

NSEI:SKFINDIA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 16.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:SKFINDIA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.051 (1 + (1- 35%) (0.99%))
1.039
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.039 * 8.6%)
16.48%

Discounted Cash Flow Calculation for NSEI:SKFINDIA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SKF India is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:SKFINDIA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.48%)
2019 2,182.50 Analyst x4 1,873.64
2020 2,772.75 Analyst x4 2,043.49
2021 2,742.40 Analyst x5 1,735.10
2022 2,807.00 Analyst x2 1,524.64
2023 2,916.36 Est @ 3.9% 1,359.87
2024 3,061.94 Est @ 4.99% 1,225.70
2025 3,238.29 Est @ 5.76% 1,112.85
2026 3,442.20 Est @ 6.3% 1,015.52
2027 3,671.88 Est @ 6.67% 929.97
2028 3,926.56 Est @ 6.94% 853.74
Present value of next 10 years cash flows ₹13,674.53
NSEI:SKFINDIA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹3,926.56 × (1 + 7.55%) ÷ (16.48% – 7.55%)
₹47,265.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹47,265.66 ÷ (1 + 16.48%)10
₹10,276.84
NSEI:SKFINDIA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹13,674.53 + ₹10,276.84
₹23,951.37
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹23,951.37 / 49.44
₹484.47
NSEI:SKFINDIA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:SKFINDIA represents 0.99686x of BSE:500472
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99686x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 484.47 x 0.99686
₹482.95
Value per share (INR) From above. ₹482.95
Current discount Discount to share price of ₹1,854.40
= -1 x (₹1,854.40 - ₹482.95) / ₹482.95
-284%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of SKF India is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SKF India's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SKF India's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:SKFINDIA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹65.70
BSE:500472 Share Price ** BSE (2019-05-23) in INR ₹1860.25
India Machinery Industry PE Ratio Median Figure of 139 Publicly-Listed Machinery Companies 16.79x
India Market PE Ratio Median Figure of 2,766 Publicly-Listed Companies 15.4x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SKF India.

NSEI:SKFINDIA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500472 Share Price ÷ EPS (both in INR)

= 1860.25 ÷ 65.70

28.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SKF India is overvalued based on earnings compared to the IN Machinery industry average.
  • SKF India is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does SKF India's expected growth come at a high price?
Raw Data
NSEI:SKFINDIA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
12%per year
India Machinery Industry PEG Ratio Median Figure of 25 Publicly-Listed Machinery Companies 1.69x
India Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.3x

*Line of best fit is calculated by linear regression .

NSEI:SKFINDIA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 28.31x ÷ 12%

2.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SKF India is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on SKF India's assets?
Raw Data
NSEI:SKFINDIA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹336.50
BSE:500472 Share Price * BSE (2019-05-23) in INR ₹1860.25
India Machinery Industry PB Ratio Median Figure of 167 Publicly-Listed Machinery Companies 1.53x
India Market PB Ratio Median Figure of 3,639 Publicly-Listed Companies 1.04x
NSEI:SKFINDIA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500472 Share Price ÷ Book Value per Share (both in INR)

= 1860.25 ÷ 336.50

5.53x

* Primary Listing of SKF India.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SKF India is overvalued based on assets compared to the IN Machinery industry average.
X
Value checks
We assess SKF India's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. SKF India has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SKFINDIA Future Performance

 How is SKF India expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SKF India expected to grow at an attractive rate?
  • SKF India's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • SKF India's earnings growth is positive but not above the India market average.
  • SKF India's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:SKFINDIA Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:SKFINDIA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 12%
NSEI:SKFINDIA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 11.5%
India Machinery Industry Earnings Growth Rate Market Cap Weighted Average 15.4%
India Machinery Industry Revenue Growth Rate Market Cap Weighted Average 12%
India Market Earnings Growth Rate Market Cap Weighted Average 17.1%
India Market Revenue Growth Rate Market Cap Weighted Average 10.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:SKFINDIA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:SKFINDIA Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 56,228 1
2023-03-31 49,793 1
2022-03-31 43,420 3,323 4,947 2
2021-03-31 38,339 3,444 4,200 6
2020-03-31 33,867 3,330 3,720 5
NSEI:SKFINDIA Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 30,345 3,358
2018-12-31 29,897 3,251
2018-09-30 29,251 3,228
2018-06-30 28,389 3,125
2018-03-31 27,504 3,672 2,959
2017-12-31 27,066 2,823
2017-09-30 26,706 2,615
2017-06-30 26,467 2,478
2017-03-31 26,314 1,150 2,439
2016-12-31 25,575 2,391
2016-09-30 25,033 2,300
2016-06-30 24,429 2,198

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SKF India's earnings are expected to grow by 12% yearly, however this is not considered high growth (20% yearly).
  • SKF India's revenue is expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:SKFINDIA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from SKF India Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SKFINDIA Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 100.04 103.70 96.38 2.00
2021-03-31 85.19 91.00 81.80 6.00
2020-03-31 74.99 77.70 72.70 8.00
NSEI:SKFINDIA Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 65.70
2018-12-31 59.06
2018-09-30 62.92
2018-06-30 60.85
2018-03-31 57.29
2017-12-31 54.29
2017-09-30 49.92
2017-06-30 47.00
2017-03-31 46.25
2016-12-31 45.37
2016-09-30 43.67
2016-06-30 41.77

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • SKF India is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SKF India's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SKF India has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SKFINDIA Past Performance

  How has SKF India performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SKF India's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SKF India's year on year earnings growth rate has been positive over the past 5 years.
  • SKF India's 1-year earnings growth exceeds its 5-year average (13.5% vs 12.3%)
  • SKF India's earnings growth has not exceeded the IN Machinery industry average in the past year (13.5% vs 32.7%).
Earnings and Revenue History
SKF India's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SKF India Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:SKFINDIA Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 30,345.30 3,357.70 2,582.80
2018-12-31 29,897.30 3,251.10 2,756.10
2018-09-30 29,251.20 3,228.20 2,720.00
2018-06-30 28,388.90 3,124.80 2,609.80
2018-03-31 27,504.10 2,958.90 2,576.20
2017-12-31 27,065.70 2,822.70 2,555.30
2017-09-30 26,705.70 2,614.60 2,525.90
2017-06-30 26,467.20 2,477.60 2,255.40
2017-03-31 26,314.10 2,438.90 2,453.50
2016-12-31 25,574.70 2,390.60 2,460.10
2016-09-30 25,032.60 2,299.80 2,365.70
2016-06-30 24,428.90 2,197.60 2,306.50
2016-03-31 24,164.40 2,046.50 2,302.80
2015-12-31 24,029.10 2,059.70 1,975.00
2015-09-30 24,126.00 1,887.10 3,593.20
2015-06-30 24,267.10 1,973.20 3,620.80
2015-03-31 24,177.40 2,049.10 3,591.80
2014-12-31 24,069.90 2,027.70 2,405.60
2014-09-30 23,732.20 2,102.80 3,227.90
2014-06-30 23,330.70 1,982.10 3,151.10
2014-03-31 22,991.30 1,899.40 3,121.30
2013-12-31 22,771.90 1,667.20 3,139.60
2013-09-30 21,805.90 1,505.10 3,150.90
2013-06-30 21,482.30 1,491.90 3,102.00
2013-03-31 21,647.00 1,499.90 3,084.90
2012-12-31 22,160.90 1,900.80 2,933.30
2012-09-30 23,039.23 1,982.49 3,368.28
2012-06-30 23,666.64 2,086.82 3,366.57

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SKF India has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SKF India used its assets more efficiently than the IN Machinery industry average last year based on Return on Assets.
  • SKF India has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SKF India's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SKF India has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SKFINDIA Health

 How is SKF India's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SKF India's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SKF India is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SKF India's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SKF India's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 19x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SKF India Company Filings, last reported 1 month ago.

NSEI:SKFINDIA Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 16,969.40 900.00 6,475.90
2018-12-31 19,282.00 1,000.00 10,058.80
2018-09-30 19,282.00 1,000.00 10,058.80
2018-06-30 18,373.10 850.00 8,940.30
2018-03-31 18,373.10 850.00 8,940.30
2017-12-31 16,781.20 850.00 7,266.50
2017-09-30 16,781.20 850.00 7,266.50
2017-06-30 18,112.10 340.30 7,676.00
2017-03-31 18,112.10 340.30 7,383.20
2016-12-31 16,887.40 798.80 7,189.60
2016-09-30 16,887.40 798.80 7,189.60
2016-06-30 15,693.90 0.00 6,973.30
2016-03-31 16,645.90 650.00 6,956.50
2015-12-31 16,134.10 0.00 6,984.70
2015-09-30 15,052.10 0.00 5,687.00
2015-06-30 15,052.10 0.00 5,687.00
2015-03-31 14,161.80 0.00 5,347.50
2014-12-31 14,161.80 0.00 5,347.50
2014-09-30 13,787.40 0.00 4,688.30
2014-06-30 13,787.40 0.00 4,688.30
2014-03-31 12,755.00 0.00 3,757.90
2013-12-31 12,755.00 0.00 3,757.90
2013-09-30 12,267.80 0.00 2,096.20
2013-06-30 12,267.80 0.00 2,096.20
2013-03-31 11,553.60 0.00 3,069.80
2012-12-31 11,553.60 0.00 3,069.80
2012-09-30 11,238.91 0.00 2,643.04
2012-06-30 11,238.91 0.00 2,643.04
  • SKF India's level of debt (5.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 5.3% today).
  • Debt is well covered by operating cash flow (408%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 57.4x coverage).
X
Financial health checks
We assess SKF India's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SKF India has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SKFINDIA Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.65%
Current annual income from SKF India dividends. Estimated to be 0.87% next year.
If you bought ₹2,000 of SKF India shares you are expected to receive ₹13 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • SKF India's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.54%).
  • SKF India's dividend is below the markets top 25% of dividend payers in India (2%).
Upcoming dividend payment

Purchase SKF India before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:SKFINDIA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
India Machinery Industry Average Dividend Yield Market Cap Weighted Average of 98 Stocks 1.3%
India Market Average Dividend Yield Market Cap Weighted Average of 1409 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:SKFINDIA Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 18.00 1.00
2021-03-31 16.75 4.00
2020-03-31 15.08 4.00
NSEI:SKFINDIA Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-15 12.000 0.656
2018-05-08 12.000 0.656
2017-05-26 10.000 0.598
2016-05-11 15.000 1.087
2016-05-10 15.000 1.213
2015-02-18 10.000 0.776
2014-10-21 15.000 1.127
2014-09-19 15.000 1.364
2014-03-26 7.500 0.767
2014-02-21 7.500 1.007
2013-02-21 7.500 1.349
2012-05-15 7.500 1.208
2011-02-23 6.000 0.955
2010-03-02 4.000 0.809
2010-02-19 4.000 1.182

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SKF India has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but SKF India only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of SKF India's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.6x coverage).
X
Income/ dividend checks
We assess SKF India's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SKF India afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SKF India has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SKFINDIA Management

 What is the CEO of SKF India's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Manish Bhatnagar
AGE 49
TENURE AS CEO 0.8 years
CEO Bio

Mr. Manish Bhatnagar is Managing Director and Director at SKF India Limited since August 16, 2018. He has been Vice President and General Manager of Asia Water Section, Danaher Corporation since July 2014. Mr. Bhatnagar joined Lakme Lever Company in May 1992 and served as Market Development Manager, General Electric Company (GE Silicon India) since April 1996. He served as Director of India and Southeast Asia Sales and Marketing, Underwriters Laboratories Company (Singapore and India) since April 2004. He served as Vice President and General Manager, Global Chemical Industry Unit of Underwriters Laboratories Company (India) since February 2011. He served as Vice President and General Manager, India Water Section, Danaher Corporation since February 2013. He has been a Director of DKK-TOA Corporation since June 2015.

CEO Compensation
  • Insufficient data for Manish to compare compensation growth.
  • Insufficient data for Manish to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure and age of the SKF India management team in years:

2.9
Average Tenure
54
Average Age
  • The tenure for the SKF India management team is about average.
Management Team

Pradeep Bhandari

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹4M

Chandramowli Srinivasan

TITLE
Director of Finance
COMPENSATION
₹15M
AGE
55
TENURE
10.2 yrs

Manish Bhatnagar

TITLE
MD & Director
AGE
49
TENURE
0.8 yrs

Anurag Bhagania

TITLE
Chief Financial Officer

Dilnavaz Gulestani

TITLE
Assistant Manager of Legal & Secretarial

Bharti Deshpande

TITLE
Head of Internal Audit
AGE
48

Soami Pamnani

TITLE
Head of Knowledge Engineering
AGE
54

Mattias Axelsson

TITLE
Regional Head of Logistics & Demand Chain Asia
TENURE
2.9 yrs

Sandip Sen

TITLE
Head of SKF Lincoln Business Unit
TENURE
2.9 yrs

Shrikant Savangikar

TITLE
Director of Business Excellence
COMPENSATION
₹3M
AGE
60
Board of Directors

Gopal Subramanyam

TITLE
Chairman of the Board

Manish Bhatnagar

TITLE
MD & Director
AGE
49
TENURE
0.8 yrs

Bernd Stephan

TITLE
Additional Director
AGE
62
TENURE
1.9 yrs

Aldo Cedrone

TITLE
Director

Werner Hoffmann

TITLE
Director

Ann Wakhlu

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess SKF India's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SKF India has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SKFINDIA News

Simply Wall St News

How Many SKF India Limited (NSE:SKFINDIA) Shares Do Institutions Own?

Insider Ownership Of SKF India The definition of company insiders can be subjective, and does vary between jurisdictions. … Keep in mind that it's a big company, and the insiders own ₹1.9m worth of shares. … Public Company Ownership Public companies currently own 52% of SKFINDIA stock.

Simply Wall St -

Why You Should Like SKF India Limited’s (NSE:SKFINDIA) ROCE

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Despite Its High P/E Ratio, Is SKF India Limited (NSE:SKFINDIA) Still Undervalued?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … How Do I Calculate SKF India's Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

SKF India Limited (NSE:SKFINDIA): Exploring Free Cash Flows

If you are currently a shareholder in SKF India Limited (NSE:SKFINDIA), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … Free cash flow (FCF) is the amount of cash SKF India has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations. … There are two methods I will use to evaluate the quality of SKF India’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability

Simply Wall St -

Where SKF India Limited (NSE:SKFINDIA) Stands In Terms Of Earnings Growth Against Its Industry

Measuring SKF India Limited's (NSE:SKFINDIA) track record of past performance is a valuable exercise for investors. … Today I will assess SKFINDIA's recent performance announced on 31 December 2018 and compare these figures to its historical trend and industry movements. … Commentary On SKFINDIA's Past Performance.

Simply Wall St -

SKF India Limited (NSE:SKFINDIA): The Best Of Both Worlds

I've been keeping an eye on SKF India Limited (NSE:SKFINDIA) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe SKFINDIA has a lot to offer. … , dividend-paying company with a

Simply Wall St -

Can You Imagine How Chuffed SKF India's Shareholders Feel About Its 181% Share Price Gain?

But on a lighter note, a good company can see its share price rise well over 100%. … For example, the SKF India Limited (NSE:SKFINDIA) share price has soared 181% in the last half decade. … This EPS growth is slower than the share price growth of 23% per year, over the same period.

Simply Wall St -

Do Directors Own SKF India Limited (NSE:SKFINDIA) Shares?

If you want to know who really controls SKF India Limited (NSE:SKFINDIA), then you'll have to look at the makeup of its share registry. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … Taking a look at the our data on the ownership groups (below), it's seems that

Simply Wall St -

A Close Look At SKF India Limited’s (NSE:SKFINDIA) 22% ROCE

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Is SKF India Limited (NSE:SKFINDIA) Undervalued After Accounting For Its Future Growth?

Growth expectations for SKF India Limited (NSE:SKFINDIA) are high, but many investors are starting to ask whether its last close at ₹1900.8 can still be rationalized by the future potential. … Check out our latest analysis for SKF India? … SKF India's growth potential is very attractive

Simply Wall St -

SKFINDIA Company Info

Description

SKF India Limited manufactures and supplies products, solutions, and services in the area of bearings, seals, mechatronics, and lubrication systems primarily in India. The company’s products primarily include bearings, units, and housings; seals; lubrication solutions; actuation systems and engineering tools; magnetic bearings/permanent magnet electric motors; drive-by-wire products; maintenance products; condition monitoring products; power transmission products; coupling systems; test and measurement equipment; and vehicle aftermarket products. It also provides services, such as asset management, training, lubrication management, lubrication planning and audit, life cycle management, remanufacturing and maintenance, and products reuse and recycling services. The company was formerly known as SKF Bearings India Limited and changed its name to SKF India Limited in 2004. SKF India Limited was founded in 1907 and is based in Mumbai, India. SKF India Limited is a subsidiary of Aktiebolaget SKF.

Details
Name: SKF India Limited
SKFINDIA
Exchange: NSEI
Founded: 1907
₹91,131,469,096
49,437,963
Website: http://www.skf.com/in
Address: SKF India Limited
Mahatma Gandhi Memorial Building,
Netaji Subhash Road,
Mumbai,
Maharashtra, 400002,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500472 Equity Shares Mumbai Stock Exchange IN INR 01. Jul 1996
NSEI SKFINDIA Equity Shares National Stock Exchange of India IN INR 01. Jul 1996
Number of employees
Current staff
Staff numbers
1,779
SKF India employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 12:50
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.