SKF India Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 28 May 2026 | Industrial Products | Market Cap: ₹7.5K Cr
The company anticipates a 6% to 8% CAGR in revenue growth through 2028. The company targets a PBT margin in the range of 11-12% in the near term, aiming for margin improvement over the long term.
From SKF India Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹1,596
Market Cap
₹7.5K Cr
P/E Ratio
25.2
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SKF India Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹595 Cr, net profit ₹-20 Cr.
Full financials →📊 Revenue & Sales Performance
- →The company anticipates a 6% to 8% CAGR in revenue growth through 2028.
- →Growth is expected to be driven primarily by the passenger vehicle and commercial vehicle segments, which have high potential.
- →There will be a significant portfolio shift towards these segments with emphasis on premiumization and value-added products.
- →Strategic focus includes new energy vehicles, emission norms compliance, and energy efficiency.
- →Growth is also aimed at increasing localization, reducing reliance on traded goods.
- →Expansion and capacity investments (around INR 500 crores from 2026-28) support this growth.
- →Aftermarket business volumes are expected to remain flat, with OEM sales driving growth.
- →Close partnerships with customer R&Ds are expected to help in capturing new vehicle launches and enhancing growth.
- →Export focus remains steady but limited due to prioritizing domestic demand.
📈 Profitability & Margins
- →The company targets a PBT margin in the range of 11-12% in the near term, aiming for margin improvement over the long term.
- →Revenue growth is expected at a CAGR of 6-8% through FY 2028, driven by portfolio shifts towards passenger vehicles and commercial vehicles.
- →Growth priorities include energy-efficient products, premiumization of product offerings, and value selling through close OEM partnerships.
- →New product wins, especially in electric vehicles (EVs) and compliance with new emission norms (BS-VII and CAFE), are expected to drive revenues.
- →Capex of around INR 500 crores planned from FY 26 to FY 28 to drive capacity and capability expansion.
- →Premium segments and unitized bearings for wheel applications in SCV and LCV are identified as significant white spaces for growth.
- →Cash flow conversion is strong (~85%), emphasizing quality of earnings over topline growth.
🏗️ Capital Expenditure Plans
- →SKF India plans an investment of around INR 500 crores from 2026 to 2028.
- →In FY 2026-27, about INR 200 crores of this capex is expected to be spent, with some spillover into early FY 2027-28.
- →Capex is focused on:
- → - Increasing localization in automotive, reducing trading in industrial products.
- → - Expanding manufacturing capacities for automotive segments.
- → - Upgrading manufacturing capabilities to support growth and strategic priorities.
- →The capex supports 6-8% CAGR revenue growth.
- →New product lines will be introduced at Haridwar in 2026.
- →Long-term strategy focuses on energy efficiency, emission norms (BS-VII, CAFE), and electric mobility.
- →Capex also aims at strengthening capacity to meet growing demand domestically and strategically position for electric vehicle components.
💰 Fundraising & Capital Structure
- →There is no mention of any current or future fundraising through debt or equity in the provided transcript from SKF India Limited's May 21, 2026 call.
- →The focus discussed is on operational performance, margin recovery, growth strategies, capex for capacity and capability enhancements, and localization.
- →The capex plan mentioned is INR 500 crores primarily aimed at capacity and capability development, expected to support 6-8% revenue CAGR, but funding sources for this capex are not specified.
- →No explicit references to plans for raising funds through equity or debt are made in this transcript.
📋 Order Book & Pipeline
- →SKF India Limited's order book extends up to the year 2030.
- →The current portfolio of wins spans across 2-wheelers, 3-wheelers, passenger vehicles, and commercial vehicles.
- →Recent listings primarily include electric motor components and wheel hub bearings.
- →These new product wins align with upcoming launches in the financial year 2026-2027.
- →The order book reflects strong demand driven by shifts towards electric vehicles and compliance with new emission norms like BS-VII and CAFE standards.
Key Metrics
Frequently Asked Questions
What were SKF India Ltd Q4 FY26 results?
The company anticipates a 6% to 8% CAGR in revenue growth through 2028. The company targets a PBT margin in the range of 11-12% in the near term, aiming for margin improvement over the long term.
What is SKF India Ltd share price analysis?
SKF India Ltd currently shows a neutral. The stock trades at a P/E of 25.2 with a market cap of ₹7,465 Cr. Investors should review the full earnings analysis for detailed insights.
Is SKF India Ltd planning capital expenditure?
SKF India plans an investment of around INR 500 crores from 2026 to 2028.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.