SKF India Limited manufactures and supplies products, solutions, and services in the area of bearings, seals, mechatronics, and lubrication systems primarily in India.
Flawless balance sheet second-rate dividend payer.
Share Price & News
How has SKF India's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SKFINDIA's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SKFINDIA exceeded the Indian Machinery industry which returned -26.6% over the past year.
Return vs Market: SKFINDIA underperformed the Indian Market which returned -14.8% over the past year.
Price Volatility Vs. Market
How volatile is SKF India's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StDo Directors Own SKF India Limited (NSE:SKFINDIA) Shares?
3 months ago | Simply Wall StHere's How We Evaluate SKF India Limited's (NSE:SKFINDIA) Dividend
3 months ago | Simply Wall StThese 4 Measures Indicate That SKF India (NSE:SKFINDIA) Is Using Debt Reasonably Well
Is SKF India undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SKFINDIA (₹1468.2) is trading above our estimate of fair value (₹458.62)
Significantly Below Fair Value: SKFINDIA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SKFINDIA is poor value based on its PE Ratio (25.1x) compared to the Machinery industry average (11.1x).
PE vs Market: SKFINDIA is poor value based on its PE Ratio (25.1x) compared to the Indian market (10.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SKFINDIA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SKFINDIA is overvalued based on its PB Ratio (3.8x) compared to the IN Machinery industry average (0.9x).
How is SKF India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- 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.
- Explore growth companies in the Capital Goods industry.
How has SKF India performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SKFINDIA has high quality earnings.
Growing Profit Margin: SKFINDIA's current net profit margins (10.2%) are lower than last year (11.1%).
Past Earnings Growth Analysis
Earnings Trend: SKFINDIA's earnings have grown by 11.4% per year over the past 5 years.
Accelerating Growth: SKFINDIA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SKFINDIA had negative earnings growth (-13.9%) over the past year, making it difficult to compare to the Machinery industry average (-6.6%).
Return on Equity
High ROE: SKFINDIA's Return on Equity (15.2%) is considered low.
How is SKF India's financial position?
Financial Position Analysis
Short Term Liabilities: SKFINDIA's short term assets (₹18.4B) exceed its short term liabilities (₹5.2B).
Long Term Liabilities: SKFINDIA's short term assets (₹18.4B) exceed its long term liabilities (₹476.1M).
Debt to Equity History and Analysis
Debt Level: SKFINDIA is debt free.
Reducing Debt: SKFINDIA had no debt 5 years ago.
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.
What is SKF India's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SKFINDIA's dividend (0.82%) is higher than the bottom 25% of dividend payers in the Indian market (0.79%).
High Dividend: SKFINDIA's dividend (0.82%) is low compared to the top 25% of dividend payers in the Indian market (3.23%).
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.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20.5%), SKFINDIA'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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Manish Bhatnagar (50yo)
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 ($USD340.54K) is about average for companies of similar size in the Indian market ($USD435.23K).
Compensation vs Earnings: Insufficient data to compare Manish's compensation with company performance.
|MD, CEO & Director||1.83yrs||₹25.73m||no data|
|CFO & Director of Finance||1yr||no data||no data|
|Deputy Manager of Legal & Secretarial||no data||no data||no data|
|Director of Ethics||0.83yr||no data||no data|
|Director of Human Resources||no data||no data||no data|
|Head of Internal Audit||no data||no data||no data|
|Head of Knowledge Engineering||no data||no data||no data|
|Regional Head of Logistics & Demand Chain Asia||4yrs||no data||no data|
|Head of SKF Lincoln Business Unit||4yrs||no data||no data|
|Head of Automotive Aftermarket Business||no data||no data||no data|
Experienced Management: SKFINDIA's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
|MD, CEO & Director||1.83yrs||₹25.73m||no data|
|Additional Director||3yrs||no data||no data|
|Independent Chairman of the Board||1.08yrs||no data||no data|
|Director||1.08yrs||no data||no data|
|Director||1.08yrs||no data||no data|
|Independent Director||1.08yrs||no data||no data|
Experienced Board: SKFINDIA's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
SKF India Limited's company bio, employee growth, exchange listings and data sources
- Name: SKF India Limited
- Ticker: SKFINDIA
- Exchange: NSEI
- Founded: 1907
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: ₹72.528b
- Shares outstanding: 49.44m
- Website: https://www.skf.com/in
Number of Employees
- SKF India Limited
- Mahatma Gandhi Memorial Building
- Netaji Subhash Road
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|500472||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Jul 1996|
|SKFINDIA||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Jul 1996|
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, engineering consultancy, logistics, mechanical maintenance, lubrication management, 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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/06 13:26|
|End of Day Share Price||2020/06/05 00:00|
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.