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SKF India Q1 FY27 Share Price & Earnings Call Analysis

₹1,394.60-2.26% today
Market cap
₹6,895 Cr
P/E
46.43
ROE
15.06%
PEG
-2.68
Price to sales
3.05
Debt to equity
0.00
52W high / low
₹2,152 / ₹1,395
Sales growth (5Y)
-4.43%
EBITDA margin
11.57%
Net profit margin
13.88%
Promoter holding
52.58%
Sales (last year)
₹2,255 Cr

SKF India Ltd is a leading supplier of products, solutions & services within rolling bearing, seals, mechatronics, and lubrication systems.[1]

Guidance scorecard · Q1 FY27 call

What SKF India Ltd's management guided
and where it ranks in Industrial Products

#44of 100 in
Industrial Products
Revenue20–40%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

20–40%
  • FY27 revenue growth guidance has improved from earlier 12% to around 20%, driven by strong Q1 performance (27% YoY growth).
  • Volume growth in Q1 was +22% YoY but -6.3% QoQ; price/mix positively impacted sales by 5.6%.
  • Capacity expansion planned with INR 170-180 crores capex in FY27, mostly coming online in Q4, expected to support growth in FY28.
  • New capacity primarily aimed at automotive segment growth and reducing dependency on industrial trading.

2 more points from SKF India Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what SKF India Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • SKF India Limited plans a total capex of INR 500 crores by FY28, primarily focused on capacity expansion and growth.
  • The bulk of the INR 500 crores capex will be completed by FY28, with some potential spillover into FY29.
  • For FY27, expected capex is approximately INR 170-180 crores, with some capacity expansion at the Haridwar factory starting Q4 FY27.
  • The capex focuses on backward integration to reduce dependency on trading volumes from SKF Industrial and also supports growth, especially in automotive segments including EV bearings and traction motors for 2-wheelers.

2 more points from SKF India Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what SKF India Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • SKF India Limited has secured a significant new wheel-end business from a large passenger vehicle manufacturer, starting from Q4 calendar year 2028.
  • This new nomination establishes a strong foundation for long-term engagement and localization of bearings with the customer.
  • The EV-related orders are in the development and ramp-up phases, with full production expected to commence by mid-2027 for various segments and more visibility in 2028.

2 more points from SKF India Ltd's call on the order book

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Full Q1 FY27 analysis
Full Industrial Products ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does SKF India Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹532 Cr21.2
240%+Up 2%+₹450 Cr13.2
340%+Up 2%+₹371 Cr26.1
440%+Up 0–2%₹1,340 Cr32.9
540%+Up 0–2%₹1,196 Cr14.1
640%+Flat₹966 Cr25.0

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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products ranking

Financials of SKF India Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of SKF India Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +1,0951,1501,1251,0921,2031,206399559493462496577595
Expenses +9289471,0019209901,013336452370389438494562
Operating Profit1672031241722131946310612374588233
OPM %15%18%11%16%18%16%16%19%25%16%12%14%6%
Other Income +202318243540594512277742029
Interest0000000000000
Depreciation17181919192013141316151616
Profit before tax1702081221772292141091372321351168646
Tax %28%26%26%25%24%26%13%20%13%12%9%28%144%
Net Profit +123155901321751599411020311910662-20
EPS in Rs24.8731.2818.2626.7635.3932.1919.1022.1941.0524.0121.3912.55-4.10

Financials of SKF India Ltd

Profit & Loss

Annual income statement trend

Dec 2014Mar 2016 15mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +2,4142,9972,6312,7503,0352,8422,6713,6664,3054,5704,9202,130
Expenses +2,1322,6362,2952,3162,5492,4922,2513,1103,5563,8534,1741,881
Operating Profit281362336435486349420556749718745248
OPM %12%12%13%16%16%12%16%15%17%16%15%12%
Other Income +7910187719210436355294101199
Interest000589222110
Depreciation546848464657585767758363
Profit before tax306394376455524387396531733736763384
Tax %34%35%35%35%36%25%25%26%28%25%26%31%
Net Profit +203256244296336289298395525552566266
EPS in Rs38.4848.5646.2857.6867.9758.5060.2779.99106.23111.69114.5453.85
Dividend Payout %26%31%22%21%18%222%24%18%38%116%13%74%

Financials of SKF India Ltd

Balance Sheet

Capital structure and asset base

Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital535353514949494949494949
Reserves1,3631,6121,7581,7861,6481,8561,5141,8362,2922,6332,5491,280
Borrowings +065348590221816141273
Other Liabilities +495419459522510542721713822957959747
Total Liabilities1,9112,1492,3042,4442,2972,4692,3032,6153,1783,6513,5642,079
Fixed Assets +347298299293284352345402424472551440
CWIP181235376241655263895628
Investments201914915444197222999
Other Assets +1,5261,8201,8211,9601,9061,8791,8902,1582,6883,0812,9481,602
Total Assets1,9112,1492,3042,4442,2972,4692,3032,6153,1783,6513,5642,079

Financials of SKF India Ltd

Cash Flows

Operating, investing and financing cash movement

Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +2182611536718133032457690624203363
Cash from Investing Activity +-3-174147-265306-154654-33-45-158-60-182
Cash from Financing Activity +-9349-126-225-477-178-652-78-79-204-650-76
Net Cash Flow122-99136-12311-2326-53567262-507105
Free Cash Flow184-474318140271255-3458549672134
CFO/OP117%47%76%124%81%129%102%37%120%115%59%191%

Financials of SKF India Ltd

Ratios

Working capital efficiency and return ratios

Dec 2014Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days5659716563568068586063123
Inventory Days7165949295921091109890106103
Days Payable82576889728413583869480175
Cash Conversion Cycle466797688664549669568851
Working Capital Days445685567165608759476977
ROCE %23%25%21%24%28%19%23%31%34%29%29%13%

Guidance history

How SKF India Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlanned——
Q4 FY26 call →10–20%FlatPlanned—Rising
Q1 FY26 call →0–10%Down 0–2%Planned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

16out of 100

Momentum score · price trend

16 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−34.8%18%
Last 6 months−14.9%29%
Last 3 months−1.4%65%

The price is 55% below its all-time high of ₹3,228.13 (14 Jun 2024). Stocks more than 20% below their peak have their score halved, so 32 became 16.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For SKF India Ltd: 0.4 × 18 + 0.4 × 29 + 0.2 × 65 = 32, halved to 16 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 16 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What SKF India Ltd's management said in earlier quarters

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