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Swing Capital

SKF India Ltd

NSE: SKFINDIA BSE: 500472

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

₹1,656
52W: ₹1404 — ₹2396
PE 51.8 · Book ₹269 · +516% vs book
Market Cap₹8,187 Cr
Stock P/E51.8Price to Earnings
ROCE13.3%Return on Capital
ROE8.06%Return on Equity
Div. Yield0.87%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Company has been maintaining a healthy dividend payout of 67.8%

Weaknesses

  • −The company has delivered a poor sales growth of -4.43% over past five years.
  • −Earnings include an other income of Rs.199 Cr.
  • −Debtor days have increased from 81.9 to 123 days.

Shareholding Pattern

Promoters52.58%
FIIs7.1%
DIIs27%
Public13.31%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters52.58%52.58%52.58%52.58%52.58%52.58%52.58%52.58%
FIIs7.93%8.25%▲0.38.32%▲0.18.21%▼0.17.55%▼0.76.98%▼0.67.01%▲0.07.1%▲0.1
DIIs28.12%27.32%▼0.827.15%▼0.226.51%▼0.626.61%▲0.127.01%▲0.426.74%▼0.327%▲0.3
Public11.38%11.86%▲0.511.93%▲0.112.68%▲0.813.27%▲0.613.42%▲0.213.67%▲0.313.31%▼0.4

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales1,0921,2031,206399559493462496577595
Expenses9209901,013336452370389438494562
Operating Profit1722131946310612374588233
OPM %16%18%16%16%19%25%16%12%14%6%
Net Profit1321751599411020311910662-20
EPS ₹26.7635.3932.1919.122.1941.0524.0121.3912.55-4.1

AI Insights

Revenue Trend

Mar 2026 revenue at ₹2,130Cr, down 56.7% YoY. OPM at 12%.

Debt Position

Borrowings at ₹3Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Capex Cycle

CWIP at ₹28Cr (6% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 27% (-2.37pp change). FIIs: 7.1% (+0.68pp change). Promoters hold 52.58%.

Margin & Efficiency

ROCE declining from 23% (Dec 2014) to 13% (Mar 2026). Working capital days: 77.

Valuation

PE 51.8x with 13.3% ROCE. Price is 516% above book value of ₹269. Dividend yield: 0.87%.

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