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SKF India Limited (SKFINDIA) Fair Value & Analysis

Industrials · IN · Market cap ₹80.7B

SI SKF India Limited SKFINDIA · NSE
Price₹1,653
Fair Value₹1,577
Upside-4.6%
Quality68/100
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Mixed Growth
Thin margins · 7.1% net margin
generates free cash flow
2.38% dividend yield
Mixed vs. peers (7/14)
Moderate moat 49/100
Evidence: High Range ₹1,012 – ₹2,320 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from ₹876.37 to ₹1,577 (+80.0%) since Aug 8, 2026. Share price +12.3% over the past month.

A solid business, currently priced close to our fair value.

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (₹1,012 to ₹2,320) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹2,949 ₹877.77 Fair Value ₹1,577 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹877.77 – ₹2,949 · fair‑value band ₹1,012 – ₹2,320 · the ₹1,653 price screens above the ₹1,577 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

SKF India Limited (SKFINDIA) currently trades at ₹1,653, while our model-based Fair Value estimate is ₹1,577, implying the stock looks roughly 4.6% fairly valued today. The Quality Score stands at 68/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, SKF India Limited generated revenue of ₹37.6B at a net margin of 7.1%. Revenue declined 51.0% year over year. It earns a return on equity of 13.5%. The balance sheet holds a net cash position of ₹3.0B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹1,012 (bear case) to ₹2,320 (bull case); at ₹1,653, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 27% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at -5%, SKFINDIA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹352.12 ₹469.14 ₹1,900 76
Growth DCF ₹466.04 ₹651.26 ₹912.56 72
Gordon GGM ₹133.16 ₹276.88 ₹439.23 70
All 26 models by family
DCF Models
FCF DCF ₹457.63 ₹663.69 ₹971.33 38
Owner Earnings ₹318.73 ₹452.69 ₹652.69 31
5Y Revenue Exit ₹619.57 ₹986.67 ₹1,454 39
5Y EBITDA Exit ₹707.63 ₹1,149 ₹1,659 41
5Y P/E Exit ₹685.95 ₹1,109 ₹1,547 38
10Y Revenue Exit ₹536.06 ₹856.00 ₹1,281 36
10Y EBITDA Exit ₹612.24 ₹967.55 ₹1,435 37
10Y P/E Exit ₹598.51 ₹940.08 ₹1,351 35
Earnings-Based
Graham-Dodd ₹365.79 ₹1,047 ₹1,380 54
Lynch FV ₹214.63 ₹306.62 ₹398.60 50
PEG = 1.0 ₹214.63 ₹306.62 ₹398.60 46
EPV ₹452.46 ₹517.76 ₹574.89 59
Dividend Discount
Gordon GGM ₹133.16 ₹276.88 ₹439.23 70
DDM Multi-Stage ₹133.16 ₹212.41 ₹290.59 61
Multiples
P/E Multiple ₹847.23 ₹1,130 ₹1,412 63
P/S Multiple ₹685.86 ₹914.48 ₹1,143 58
P/B Multiple ₹685.86 ₹914.48 ₹1,143 55
EV/EBIT ₹1,017 ₹1,336 ₹1,655 53
EV/EBITDA ₹945.77 ₹1,241 ₹1,536 54
EV/Revenue ₹743.23 ₹1,036 ₹1,328 43
Asset-Based
NCAV (Graham) ₹134.45 ₹180.17 ₹268.91 50
Growth DCF
Growth DCF ₹466.04 ₹651.26 ₹912.56 72
Rev-Margin DCF ₹619.57 ₹983.87 ₹1,391 67
Economic Profit
Residual Income ₹352.12 ₹469.14 ₹1,900 76
ROIC Compounder ₹476.79 ₹582.38 ₹703.31 67
Growth Earnings
Growth-Adj P/E ₹681.02 ₹972.88 ₹1,265 68

Widest divergence: Multiples (₹1,036) versus Asset-Based (₹180.17). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹37.6B
Revenue growth (YoY) -51.0%
Net margin 7.1%
Return on equity 13.5%
Free cash flow ₹1.8B FY2026
P/E ratio 30.7
More key figures
Operating margin 2.9%
EPS (TTM) ₹53.86
Dividend yield 2.4%
EPS growth (YoY) -43.4%
Net cash ₹3.0B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 68 · Market factors (momentum, volatility) 43

Profitability 77
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

SKF India Limited engages in the provision of bearings, engineering services, and rotating equipment solutions in India and internationally.

Full company description

SKF India Limited engages in the provision of bearings, engineering services, and rotating equipment solutions in India and internationally. The company offers rolling bearings including ball and roller bearing, bearing accessories, track rollers, and engineered products; mounted bearing and housing, such as ball and roller bearing units, and bearing housing; and super-precision bearing including angular contact ball, cylindrical roller, double direction angular contact thrust ball, and axial-radial cylindrical roller bearings, as well as angular contact thrust bearing for screw drives, and precision lock nuts, and gauges. It also provides slewing bearings; plain bearing, which includes spherical plain bearings and rod ends, and bushing, thrust washer, and strips; magnetic bearing systems; thin section bearing, such as reali-slim and ultra-slim thin section bearings, and customized thin section bearings; and industrial seals including power transmission, hydraulic, fluid handling, and machined seals. In addition, it offers automotive seals, such as bearing, body, driveline, engine, eDrive unit, suspension, and wheel seals, as well as two wheeler sealing solution; lubrication management comprising lubricants, manual lubricant tools, lubricators, automatic lubrication system, and lubrication system components; and maintenances products including hydraulic and mechanical tools, and heaters for mounting and dismounting, as well as alignment tools. Further, the company provides condition monitoring system, which includes portable condition monitoring and machine protection systems; power transmission solutions comprising belts, pulleys, chains, sprockets, bushing and hub, coupling, and bolts and tightening systems; and test and measuring equipment, such as waviness and roundness analyzer, noise and vibration tester, and grease test rigs. The company was founded in 1923 and is headquartered in Pune, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

SKF India Limited reported revenue of ₹37.6B in FY2026 versus ₹36.7B in FY2022, a compound +0.7%/yr. Reported net income was ₹2.7B in FY2026, compounding −9.4%/yr from FY2022.

Growth Quality 68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹37.6B
Latest YoY
−23.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−4.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.1%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.3%
Revenue +0.7%/yr
FY22 ₹36.7B
FY23 ₹43.0B
FY24 ₹45.7B
FY25 ₹49.2B
FY26 ₹37.6B
Net income −9.4%/yr
FY22 ₹3.9B
FY23 ₹5.2B
FY24 ₹5.5B
FY25 ₹5.7B
FY26 ₹2.7B
Character of growth · EPS growth decomposed (2015-2026) +9.2 % p.a.
Revenue per share +7.2 pp

of which total revenue +6.4 pp · buybacks/dilution +0.8 pp

EBIT margin −1.2 pp
Tax rate +1.0 pp
Residual (interest, one-offs) +2.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "SKF India Limited Fair Value". https://www.fairvalue-calculator.com/stock/SKFINDIA

Peer Group

Tools & Accessories · 121 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 68 · Top 25%
Fair Value upside −5% · Above median
Return on equity (TTM) 14% · Above median
Return on assets 8% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 3% · Bottom 25%
Revenue growth -51% · Bottom 25%
Dividend yield (TTM) 2.4% · Above median

Valuation Multiples vs Tools & Accessories median · lower = cheaper

P/E (TTM) 30.7× · Pricier than median
P/B 6.07× · Pricier than 75% of peers
P/S (TTM) 2.15× · Pricier than median
P/FCF 0.5× · Cheaper than 75% of peers
EV/EBITDA 17.3× · Pricier than median
PEG 5.64× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 27 · sector 2
FUTURE 0 · sector 14
PAST 54 · sector 29
HEALTH 0 · sector 97
DIVIDEND 48 · sector 43

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Tools & Accessories stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Techtronic Industries Company 0669 HK$144.80 HK$78.62 -46%
Snap-on Incorporated SNA $408.44 $344.67 -16%
RBC Bearings Incorporated RBC $555.65 $179.94 -68%
Lincoln Electric Holdings LECO $286.97 $151.86 -47%
Stanley Black & Decker, Inc SWK $102.90 $52.80 -49%
AB SKF (publ) SKFB kr 265.10 kr 192.57 -27%
The Timken Company TKR $130.25 $64.85 -50%
The Toro Company TTC $97.92 $69.71 -29%
Hangzhou Greatstar Industrial Co 002444 ¥30.08 ¥30.38 +1%
Hiwin Technologies Corporation 2049 381.00 TWD 73.32 TWD -81%

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Frequently asked questions

Is SKF India Limited (SKFINDIA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹1,577 versus a price of ₹1,653, about −5% (fairly valued).
What is the fair value of SKFINDIA?
Our model-based fair value for SKF India Limited is ₹1,577 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹1,653.
What is the quality score of SKFINDIA?
SKF India Limited has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of SKF India Limited (SKFINDIA)?
SKF India Limited reported trailing-twelve-month revenue of about ₹37.6B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SKFINDIA?
The net profit margin of SKF India Limited is about 7.1%, meaning it keeps roughly 7.1% of revenue as net income. Based on the latest reported figures.
Does SKF India Limited pay a dividend?
SKF India Limited currently shows a dividend yield of about 2.38% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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