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Indian industrial-bearings arm of Sweden's SKF Group (demerged from SKF India), making bearings and lubrication systems.
Indian industrial-bearings arm of Sweden's SKF Group (demerged from SKF India), making bearings and lubrication systems.
Moat: narrow (brand, process know-how). SKF's global engineering pedigree and brand help, but Schaeffler and Timken compete closely in Indian industrial bearings.
Headquarters: Pune, India
Size SKF India (Industrial) (SKFINDUS.NS) is an India Consumer Discretionary company (Auto Parts: OEM) with a market value of $1.23B, the 540th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹2,344 on 6 Nov 2026.
Performance Over six months the shares gained 8.6%, against -18.4% for the median peer and 0.0% for the India market (cap-weighted) — 7th highest of 20 in its peer set.
Growth The operating margin is 10.8% (peer median 5.9%).
Valuation It trades at 33.3× forward earnings against a peer median of 16.2× (3rd most expensive of 13).
Capital Return on invested capital runs 6.8 points above its cost of capital (16.2% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | |
|---|---|---|
| Revenue | n/a | ₹34.4B |
| Revenue growth | — | — |
| Gross profit | n/a | ₹7.16B |
| EBITDA | n/a | ₹4.00B |
| Net income | n/a | ₹2.18B |
| Free cash flow | n/a | ₹1.10B |
| Capital expenditure | n/a | ₹936M |
| Total debt | ₹269M | ₹45.7M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| SKF India (Industrial) SKFINDUS.NS | $1.23B | +9% | n/a | 11% | 33.3× | 36.9% |
| Schaeffler India SCHAEFFLER.NS | $5.83B | -17% | +23% | 15% | 40.4× | 29.7% |
| Timken India TIMKEN.NS | $2.43B | -12% | +19% | 16% | 46.1× | 36.2% |
| NRB Bearings NRBBEARING.NS | $442M | +44% | +14% | 13% | 28.2× | 27.7% |
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.
| Measure | SKFINDUS.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.6% | -3.1% | 5th lowest of 21 |
| 6-month return | +8.6% | -18.4% | 7th highest of 20 |
| Distance from 52-week high | -27.2% | -42.4% | 7th highest of 21 |
| Operating margin | 10.8% | 5.9% | 5th highest of 21 |
| Forward P/E | 33.3× | 16.2× | 3rd most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 36.9% | 9.3% | 2nd most demanding of 12 |
| ROIC minus cost of capital | +6.8 pp | +0.4 pp | 3rd highest of 20 |
| EV / EBITDA | 28.2× | 13.9× | 2nd most expensive of 8 |
| Net debt / EBITDA | -0.7× | 1.2× | 4th least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SKF India (Industrial) SKFINDUS.NS | India | $1.23B | +9% | n/a | 11% | 33.3× | 36.9% | n/a |
| Xiangyang Automobile Bearing 000678.SZ | China | $1.22B | +53% | -3% | -3% | n/a | n/a | n/a |
| Ruifeng Power 2025.HK | Hong Kong | $1.22B | +29% | +4% | 1% | n/a | n/a | n/a |
| NASN Intelligent Tech (Zhejiang) 2261.HK | Hong Kong | $1.21B | n/a | +57% | -12% | n/a | n/a | n/a |
| JBM Auto JBMA.NS | India | $1.24B | -21% | +16% | 9% | n/a | n/a | n/a |
| Sichuan Chengfei Integration Technology 002190.SZ | China | $1.20B | -24% | +9% | -1% | n/a | n/a | n/a |
| F.C.C.Co 7296.T | Japan | $1.20B | +20% | +10% | 8% | 9.0× | -7.1% | +12.3% |
| Adient ADNT | United States | $1.26B | -28% | +4% | 3% | 6.1× | -17.6% | +2.1% |
| Zhejiang Wanliyang 002434.SZ | China | $1.19B | -13% | -30% | -10% | 15.5× | n/a | n/a |
| Hong Leong Asia H22.SI | Singapore | $1.26B | -40% | +17% | 9% | 9.5× | -12.9% | +2.9% |
| Jiangsu Yunyi Electric 300304.SZ | China | $1.27B | -19% | +14% | 17% | 16.9× | 17.1% | +23.4% |
| Zhejiang EV-Tech 301607.SZ | China | $1.18B | -7% | +60% | 6% | 20.3× | 24.2% | +35.3% |
| Varroc Engineering VARROC.NS | India | $1.28B | +40% | +22% | 6% | 31.5× | 29.9% | +15.1% |
| ASK Automotive ASKAUTOLTD.NS | India | $1.28B | +35% | +39% | 9% | 34.3× | n/a | n/a |
| Longhorn Auto 301488.SZ | China | $1.29B | -32% | +34% | 2% | 82.0× | n/a | n/a |
| Zhejiang Shibao 002703.SZ | China | $1.29B | -20% | +16% | 4% | n/a | 41.6% | +26.5% |
| Zhejiang Fenglong Electric 002931.SZ | China | $1.30B | -31% | +2% | 0% | n/a | n/a | n/a |
| Kuangda Technology 002516.SZ | China | $1.16B | -13% | +3% | 12% | n/a | 9.3% | +9.0% |
| Wuxi Zhenhua Auto Parts 605319.SS | China | $1.16B | -18% | +13% | 20% | 14.6× | -4.7% | +16.0% |
| KYB 7242.T | Japan | $1.15B | +10% | +11% | 6% | 9.6× | -0.4% | +8.0% |
| Wuxi Best Precision Machinery 300580.SZ | China | $1.32B | -40% | +12% | 16% | 29.4× | 20.8% | +10.1% |