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← CockpitCompetitor Analysis › SKFINDIA.NS SKF India LimitedOpen in the cockpit ↗

SKF India LimitedSKFINDIA.NSCompetitor analysis, valuation and peers

India · INR·Capital Goods›Metal Fabrication
Momentum weak 38
Mkt cap
$747M
US dollars, full cap
Free float
47%
of shares outstanding
$/day
$599,621
20-day average traded
Fwd P/E
27.3×
forward earnings
ROIC−WACC
-0.0 pp
WACC 12.9%
Hurdle
+25 pp
Req g minus delivered
Next earnings
96 days
10 Feb 2027
Close · INR₹1,426
1D+0.4%
1W+2.2%
1M-0.2%
3M-6.2%
6M-17.6%
YTD-23.0%
1Y-33.8%
ATR %3.0%
Beta0.73
52w lowhigh36.5% off high

What SKF India does

Employees: 1,891

SKF India at a glance

Size SKF India (SKFINDIA.NS) is an India Industrials company (Metal Fabrication) with a market value of $747M, the 699th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,426 on 6 Nov 2026.

Performance Over six months the shares fell 17.6%, against -26.3% for the median peer and 0.0% for the India market (cap-weighted) — 9th highest of 21 in its peer set.

Growth Revenue fell 53.5% over the last twelve months (peer median +12.7%); the operating margin is 8.3% (peer median 10.7%).

Valuation It trades at 27.3× forward earnings against a peer median of 16.0× (5th most expensive of 12).

Price implies For today's price to make sense, revenue must grow about 32% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +25 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 0.0 points below its cost of capital (12.9% WACC).

Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).

Relative performance

70809010011 May 202611 Aug 20266 Nov 2026SKFINDIA.NS 81Peer median 74
Six months, rebased to 100: SKF India against the median of its 20 peers (local-currency closes).

SKF India financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹23.5B₹37.6B₹49.2B₹45.7B₹43.0B
Revenue growth—-24%+8%+6%—
Gross profit₹8.48B₹8.92B₹11.8B₹11.0B₹11.2B
EBITDA₹2.61B₹4.75B₹7.59B₹7.29B₹7.99B
Net income₹1.56B₹2.66B₹5.66B₹5.52B₹5.25B
Free cash flown/a₹1.76B₹1.46B₹5.62B₹6.15B
Capital expendituren/a₹2.29B₹1.31B₹1.30B₹1.07B
Total debt₹17.9M₹29.1M₹69.2M₹118M₹144M

Quarterly statements and history in the cockpit →

SKF India competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-60%-40%-20%0%+20%-20%-10%0%6474OMNI301326002685002122603278301004002553KENNAMETSKIPPER601002301535VARVTIIL3013073009633004213011413008856584SKFINDIA.NS6-month return →1-month return →
Up and to the right = strong over both horizons. SKF India is the large dot.

Fundamentals: revenue growth against valuation

-50%-25%0%+25%+50%20×40×6474OMNI301326603278301004KENNAMETSKIPPERVARV3013076584SKFINDIA.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. SKF India is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%6474301004601002301535VARVTIIL300421300885SKFINDIA.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. SKF India is the large dot.

SKF India competitors and peer comparison

How SKF India compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

SKF India against its 20 peers (data as of 6 Nov 2026)
MeasureSKFINDIA.NSPeer medianRank in peer set
1-month return-0.2%-6.6%4th highest of 21
6-month return-17.6%-26.3%9th highest of 21
Distance from 52-week high-36.5%-50.5%10th highest of 21
Revenue growth (TTM)-53.5%+12.7%lowest of 21
Operating margin8.3%10.7%9th lowest of 21
Forward P/E27.3×16.0×5th most expensive of 12
Growth the price implies (Req g, 7 yrs)32.5%10.1%2nd most demanding of 9
Growth delivered (Del g)+7.1%+5.7%5th highest of 9
Hurdle (Req g minus delivered)+25.4 pp+2.9 pp2nd most demanding of 9
ROIC minus cost of capital-0.0 pp+1.8 pp10th lowest of 21
EV / EBITDA26.6×21.7×4th most expensive of 10
Net debt / EBITDA-0.4×1.1×3rd least indebted of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
SKF India SKFINDIA.NSIndia$747M-18%-53%8%27.3×32.5%+7.1%
Nachi-Fujikoshi 6474.TJapan$723M-6%+8%5%16.0×1.7%+3.2%
Omnitech Engineering OMNI.NSIndia$785M+40%+49%23%55.4×n/an/a
J.Pond Precision Technology 301326.SZChina$791M-60%+15%-6%39.7×n/an/a
Wuxi Huadong Heavy Machinery 002685.SZChina$698M-50%+33%10%n/an/an/a
HuiZhou Intelligence Technology 002122.SZChina$802M-10%+10%-16%n/an/an/a
Shandong Daye 603278.SSChina$689M+21%0%0%13.7×n/an/a
Zhejiang Cayi Vacuum Container 301004.SZChina$688M-28%-23%16%13.6×-8.0%+45.9%
Jiangsu NanFang Precision 002553.SZChina$813M-29%+5%13%n/an/an/a
Kennametal India KENNAMET.NSIndia$832M+27%+29%17%37.5×n/an/a
Skipper SKIPPER.NSIndia$669M+7%+17%9%21.7×n/an/a
Gem-Year Industrial 601002.SSChina$668M-25%+5%14%n/a-7.5%-1.5%
Zhejiang Huayuan Auto Technology 301535.SZChina$836M-30%+66%12%n/a22.2%+17.2%
SBE-Varvit VARV.MIItaly$663M-7%+11%12%15.1×-0.9%-4.6%
Technocraft Industries (India) TIIL.NSIndia$655M+9%+12%14%16.0×18.5%+16.3%
Chongqing Millison Technologies 301307.SZChina$851M-18%+13%-11%54.7×n/an/a
Shanghai Zhongzhou Special Alloy Materials 300963.SZChina$651M-44%+1%8%n/an/an/a
Jiangsu LiXing General Steel Ball 300421.SZChina$866M-30%+4%4%n/a35.0%+7.1%
Zhejiang Zhongke Magnetic Industry 301141.SZChina$638M-35%+22%1%n/an/an/a
Yangzhou Seashine New Materials 300885.SZChina$637M-40%+39%22%n/a24.7%+4.3%
Nan Juen International 6584.TWOTaiwan$633M-59%+44%27%15.9×n/an/a

Questions

Which companies are SKF India's closest peers?
The cockpit's peer set: Nachi-Fujikoshi (6474.T), Omnitech Engineering (OMNI.NS), J.Pond Precision Technology (301326.SZ), Wuxi Huadong Heavy Machinery (002685.SZ), HuiZhou Intelligence Technology (002122.SZ), Shandong Daye (603278.SS), Zhejiang Cayi Vacuum Container (301004.SZ), Jiangsu NanFang Precision (002553.SZ).
Is SKF India expensive compared with its peers?
On forward p/e it trades at 27.3× against a peer median of 16.0×, 5th most expensive of 12 in its peer set. For today's price to make sense, revenue must grow about 32% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +25 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has SKF India stock performed?
Over six months to 6 Nov 2026 the shares returned -17.6% against -26.3% for the median peer; over one year -33.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.