Employees: 1,891
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| 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 flow | n/a | ₹1.76B | ₹1.46B | ₹5.62B | ₹6.15B |
| Capital expenditure | n/a | ₹2.29B | ₹1.31B | ₹1.30B | ₹1.07B |
| Total debt | ₹17.9M | ₹29.1M | ₹69.2M | ₹118M | ₹144M |
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| Measure | SKFINDIA.NS | Peer median | Rank 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 margin | 8.3% | 10.7% | 9th lowest of 21 |
| Forward P/E | 27.3× | 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 pp | 2nd most demanding of 9 |
| ROIC minus cost of capital | -0.0 pp | +1.8 pp | 10th lowest of 21 |
| EV / EBITDA | 26.6× | 21.7× | 4th most expensive of 10 |
| Net debt / EBITDA | -0.4× | 1.1× | 3rd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SKF India SKFINDIA.NS | India | $747M | -18% | -53% | 8% | 27.3× | 32.5% | +7.1% |
| Nachi-Fujikoshi 6474.T | Japan | $723M | -6% | +8% | 5% | 16.0× | 1.7% | +3.2% |
| Omnitech Engineering OMNI.NS | India | $785M | +40% | +49% | 23% | 55.4× | n/a | n/a |
| J.Pond Precision Technology 301326.SZ | China | $791M | -60% | +15% | -6% | 39.7× | n/a | n/a |
| Wuxi Huadong Heavy Machinery 002685.SZ | China | $698M | -50% | +33% | 10% | n/a | n/a | n/a |
| HuiZhou Intelligence Technology 002122.SZ | China | $802M | -10% | +10% | -16% | n/a | n/a | n/a |
| Shandong Daye 603278.SS | China | $689M | +21% | 0% | 0% | 13.7× | n/a | n/a |
| Zhejiang Cayi Vacuum Container 301004.SZ | China | $688M | -28% | -23% | 16% | 13.6× | -8.0% | +45.9% |
| Jiangsu NanFang Precision 002553.SZ | China | $813M | -29% | +5% | 13% | n/a | n/a | n/a |
| Kennametal India KENNAMET.NS | India | $832M | +27% | +29% | 17% | 37.5× | n/a | n/a |
| Skipper SKIPPER.NS | India | $669M | +7% | +17% | 9% | 21.7× | n/a | n/a |
| Gem-Year Industrial 601002.SS | China | $668M | -25% | +5% | 14% | n/a | -7.5% | -1.5% |
| Zhejiang Huayuan Auto Technology 301535.SZ | China | $836M | -30% | +66% | 12% | n/a | 22.2% | +17.2% |
| SBE-Varvit VARV.MI | Italy | $663M | -7% | +11% | 12% | 15.1× | -0.9% | -4.6% |
| Technocraft Industries (India) TIIL.NS | India | $655M | +9% | +12% | 14% | 16.0× | 18.5% | +16.3% |
| Chongqing Millison Technologies 301307.SZ | China | $851M | -18% | +13% | -11% | 54.7× | n/a | n/a |
| Shanghai Zhongzhou Special Alloy Materials 300963.SZ | China | $651M | -44% | +1% | 8% | n/a | n/a | n/a |
| Jiangsu LiXing General Steel Ball 300421.SZ | China | $866M | -30% | +4% | 4% | n/a | 35.0% | +7.1% |
| Zhejiang Zhongke Magnetic Industry 301141.SZ | China | $638M | -35% | +22% | 1% | n/a | n/a | n/a |
| Yangzhou Seashine New Materials 300885.SZ | China | $637M | -40% | +39% | 22% | n/a | 24.7% | +4.3% |
| Nan Juen International 6584.TWO | Taiwan | $633M | -59% | +44% | 27% | 15.9× | n/a | n/a |