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SKFI

SKF India NSEI:SKFINDIA Stock Report

Last Price

₹3.32k

Market Cap

₹164.2b

7D

2.1%

1Y

28.4%

Updated

23 Jun, 2022

Data

Company Financials
SKFINDIA fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends2/6

SKFINDIA Stock 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

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for SKF India
Historical stock prices
Current Share Price₹3,316.75
52 Week High₹4,239.95
52 Week Low₹2,502.30
Beta0.47
1 Month Change1.82%
3 Month Change-1.16%
1 Year Change28.38%
3 Year Change66.12%
5 Year Change114.43%
Change since IPO2,774.13%

Recent News & Updates

Jun 24
SKF India (NSE:SKFINDIA) Is Due To Pay A Dividend Of ₹14.50

SKF India (NSE:SKFINDIA) Is Due To Pay A Dividend Of ₹14.50

SKF India Limited's ( NSE:SKFINDIA ) investors are due to receive a payment of ₹14.50 per share on 26th of August. The...

May 14
SKF India (NSE:SKFINDIA) Has Re-Affirmed Its Dividend Of ₹14.50

SKF India (NSE:SKFINDIA) Has Re-Affirmed Its Dividend Of ₹14.50

The board of SKF India Limited ( NSE:SKFINDIA ) has announced that it will pay a dividend of ₹14.50 per share on the...

Shareholder Returns

SKFINDIAIN MachineryIN Market
7D2.1%-3.3%-3.1%
1Y28.4%21.6%-2.5%

Return vs Industry: SKFINDIA exceeded the Indian Machinery industry which returned 21.6% over the past year.

Return vs Market: SKFINDIA exceeded the Indian Market which returned -2.5% over the past year.

Price Volatility

Is SKFINDIA's price volatile compared to industry and market?
SKFINDIA volatility
SKFINDIA Average Weekly Movement3.9%
Machinery Industry Average Movement6.5%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.8%
10% least volatile stocks in IN Market4.5%

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

Volatility Over Time: SKFINDIA'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?
SKFINDIA fundamental statistics
Market Cap₹164.24b
Earnings (TTM)₹3.95b
Revenue (TTM)₹36.66b

41.6x

P/E Ratio

4.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SKFINDIA income statement (TTM)
Revenue₹36.66b
Cost of Revenue₹22.45b
Gross Profit₹14.21b
Other Expenses₹10.26b
Earnings₹3.95b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)79.89
Gross Margin38.75%
Net Profit Margin10.77%
Debt/Equity Ratio0%

How did SKFINDIA perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

18%

Payout Ratio

Does SKFINDIA pay a reliable dividends?

See SKFINDIA dividend history and benchmarks
When do you need to buy SKFINDIA by to receive an upcoming dividend?
SKF India dividend dates
Ex Dividend DateJun 28 2022
Dividend Pay DateAug 26 2022
Days until Ex dividend4 days
Days until Dividend pay date63 days

Does SKFINDIA pay a reliable dividends?

See SKFINDIA dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is SKFINDIA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SKFINDIA?

Other financial metrics that can be useful for relative valuation.

SKFINDIA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.4x
Enterprise Value/EBITDA28.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does SKFINDIA's PE Ratio compare to its peers?

SKFINDIA PE Ratio vs Peers
The above table shows the PE ratio for SKFINDIA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average56x

Price-To-Earnings vs Peers: SKFINDIA is good value based on its Price-To-Earnings Ratio (41.6x) compared to the peer average (56x).


Price to Earnings Ratio vs Industry

How does SKFINDIA's PE Ratio compare vs other companies in the Indian Machinery Industry?

Price-To-Earnings vs Industry: SKFINDIA is expensive based on its Price-To-Earnings Ratio (41.6x) compared to the Indian Machinery industry average (24.2x)


Price to Earnings Ratio vs Fair Ratio

What is SKFINDIA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SKFINDIA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio41.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SKFINDIA's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of SKFINDIA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SKFINDIA (₹3316.75) is trading above our estimate of fair value (₹192.38)

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


Price to Earnings Growth Ratio

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


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


18.8%

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.


Discover growth companies

  • Examine SKF India's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • SKF India competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has SKF India performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


6.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SKFINDIA has a high level of non-cash earnings.

Growing Profit Margin: SKFINDIA's current net profit margins (10.8%) are lower than last year (11.1%).


Past Earnings Growth Analysis

Earnings Trend: SKFINDIA's earnings have grown by 6.1% per year over the past 5 years.

Accelerating Growth: SKFINDIA's earnings growth over the past year (32.7%) exceeds its 5-year average (6.1% per year).

Earnings vs Industry: SKFINDIA earnings growth over the past year (32.7%) underperformed the Machinery industry 42.4%.


Return on Equity

High ROE: SKFINDIA's Return on Equity (20.9%) is considered high.


Discover strong past performing companies

Financial Health

How is SKF India's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SKFINDIA's short term assets (₹19.6B) exceed its short term liabilities (₹7.0B).

Long Term Liabilities: SKFINDIA's short term assets (₹19.6B) exceed its long term liabilities (₹475.6M).


Debt to Equity History and Analysis

Debt Level: SKFINDIA is debt free.

Reducing Debt: SKFINDIA has no debt compared to 5 years ago when its debt to equity ratio was 1.9%.

Debt Coverage: SKFINDIA has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SKFINDIA has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.44%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 24 2022Ex Dividend DateJun 28 2022Dividend Pay DateAug 26 202259 days from Ex DividendBuy in the next 4 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: SKFINDIA's dividend (0.44%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.44%).

High Dividend: SKFINDIA's dividend (0.44%) is low compared to the top 25% of dividend payers in the Indian market (1.92%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (18.1%), SKFINDIA's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: SKFINDIA is paying a dividend but the company has no free cash flows.


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Management

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

2.1yrs

Average management tenure


CEO

Manish Bhatnagar (52 yo)

3.83yrs

Tenure

₹29,658,919

Compensation

Mr. Manish Bhatnagar serves as President of Industrial Region India and Southeast Asia at AB SKF (publ). Mr. Bhatnagar is Managing Director, Chief Executive Officer and Director at SKF India Limited since...


CEO Compensation Analysis

Compensation vs Market: Manish's total compensation ($USD379.14K) is about average for companies of similar size in the Indian market ($USD461.75K).

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


Leadership Team

Experienced Management: SKFINDIA's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: SKFINDIA's board of directors are considered experienced (3.1 years average tenure).


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: SKFINDIA
  • Exchange: NSEI
  • Founded: 1923
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: ₹164.238b
  • 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 Analysis2022/06/23 00:00
End of Day Share Price2022/06/23 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.