SKFINDUS
SKF India (Industrial) share price & financials
- Price
- ₹2,627.9
- Market cap
- ₹13.9k Cr
- Sector
- Capital Goods
- Calls analysed
- 2
SKF India (Industrial) Limited Q1 FY27
What went well
- Revenue from operations grew 18.3% YoY to ₹970.8 crores, demonstrating strong market demand.
- Secured new orders worth ₹175 crores, including a ₹140 crore order from a gearbox manufacturer and a ₹35 crore contract from a tractor OEM.
- Strategic investments of ₹900-950 crores are planned for a new state-of-the-art Pune plant, expected to commence production by 2028.
What to watch
- PBT margin compressed to 9.0% due to ₹147 million in forex losses and ₹150 million in one-time IT demerger expenses.
- Near-term margin pressure is expected to continue for the next two quarters due to ongoing IT separation costs and strategic investments.
What SKF India (Industrial) Limited does
SKF India (Industrial) Limited is the industrial bearings business demerged from SKF India Limited, manufacturing tapered, cylindrical and deep groove ball bearings, bearing units and seals for industrial and mobility applications. It sells through OEM, industrial distribution and export channels, plus intercompany sales to its former parent SKF India Limited, serving customers in sectors such as wind energy, rail/metro, tractors and agriculture, metals and automotive. The company runs bearing manufacturing operations at Pune and Ahmedabad and is investing in a new Pune plant to expand its DGBB and TRB product lines.
Segments
- OEM
- Distribution
- Exports
- SKF India
- Others
- Manufacturing plants
- Pune and Ahmedabad, India
- Product range
- Tapered roller bearings (TRB), cylindrical roller bearings (CRB), deep groove ball bearings (DGBB), bearing units and seals
- Sales channels
- OEM, Distribution, Exports, and intercompany sales to SKF India Limited
- Key end-markets served
- Wind energy, rail/metro, tractors and agriculture, metals, automotive, off-highway equipment
- Export markets
- EMEA (Europe, Middle East and Africa)
- Pune plant TRB installed capacity
- Expanded to approx. 886,000 pieces/year (110-165mm OD range) from approx. 600,000 pieces/year
Guidance record · Q1 FY27
what the last two calls moved 12 tracked 0 delivered 0 missed 12 open- PBT Margin (Long-term) diluted said Q4 FY26 Promised: around 15% by '29-'30 Q1 FY27: Management revised long-term guidance to a range of 14-16%. While the midpoint remains 15%, the introduction of a 14% lower bound represents a dilution of the previous 'around 15%' guidance.
- PBT Margin (Adjusted) on track said Q4 FY26 Promised: around 13% by end of calendar year 2026 Q1 FY27: Adjusted PBT margin improved to 12.0% (from 11.5% in Q4 FY26) after accounting for ~3% impact from one-time IT costs and forex losses. The trajectory is positive towards the target of ~13% by end of CY26.
All 12 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 18.3%, net profit down 13.9% against the same quarter last year.
| Line item | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|
| Revenue | 721 | 821 | 813 | 861 | 946 +31% | 971 +18% |
| EBITDA | 161 | 94 | 108 | 107 | 81 −50% | 88 −6% |
| Net profit | 121 | 72 | 77 | -50 | 119 −2% | 62 −14% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +11.1% YTD
YTD: ₹2,600 on 1 Jan 2026 → ₹2,887.7. High ₹3,062.8 (3 Sept 2026), low ₹2,038.2 (12 May 2026).
How the price took the results
close before → close after
- Q1 FY27
- −1.4%
- 14 Aug
- Q4 FY26
- +7.9%
- 13 May
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
| Year ending | FY26 |
|---|---|
| Revenue | ₹3.4k Cr |
| Operating profit | ₹390 Cr |
| Operating margin | 11.3% |
| Interest | ₹0 Cr |
| Depreciation | ₹32 Cr |
| Net profit | ₹218 Cr |
| Net margin | 6.3% |
| Cash from operations | ₹164 Cr |
| Free cash flow | ₹70 Cr |
| ROCE | 30.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY25 | FY26 |
|---|---|---|
| Equity capital | ₹49 Cr | ₹49 Cr |
| Reserves | ₹1.3k Cr | ₹1.4k Cr |
| Borrowings | ₹2 Cr | ₹5 Cr |
| Other liabilities | ₹602 Cr | ₹1.2k Cr |
| Total liabilities | ₹1.9k Cr | ₹2.7k Cr |
| Fixed assets | ₹182 Cr | ₹211 Cr |
| Capital work in progress | ₹9 Cr | ₹134 Cr |
| Investments | ₹0 Cr | ₹0 Cr |
| Other assets | ₹1.7k Cr | ₹2.3k Cr |
| Total assets | ₹1.9k Cr | ₹2.7k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Dec 2025, FIIs added +0.34 pp while DIIs trimmed −0.29 pp. The shareholder count shrank 9% to 55,936.
- Promoters
- 52.6%
- FIIs
- 5.1%
- DIIs
- 29.2%
- Public
- 13.2%
Since Dec 2025
- FIIs +0.34 pp
- DIIs −0.29 pp
- Public −0.04 pp
How it drifted, 3 quarters
Ownership split by quarter, oldest first. Dec '25: Promoters 52.6%, FIIs 4.7%, DIIs 29.5%, Public 13.2%.Mar '26: Promoters 52.6%, FIIs 4.9%, DIIs 29.7%, Public 12.8%.Jun '26: Promoters 52.6%, FIIs 5.1%, DIIs 29.2%, Public 13.2%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Franklin India Opportunites Fund Mutual fund newly disclosed 1.34% held
- ICICI Prudential Business Cycle Fund Mutual fund newly disclosed 1.14% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of SKF India (Industrial) Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ab Skf | 52.58% | unchanged |
| Mirae Asset Large & Midcap Fund Mutual fund | 9.88% | unchanged |
| HDFC Mutual Fund - HDFC Mid-Cap Fund Mutual fund | 9.67% | −0.06 pp |
| SBI Large Cap Fund Mutual fund | 2.33% | unchanged |
| Franklin India Opportunites Fund Mutual fund | 1.34% | newly disclosed |
| ICICI Prudential Business Cycle Fund Mutual fund | 1.14% | newly disclosed |
| ICICI Prudential Smallcap Fund Mutual fund | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in SKFINDUS
Filings to Aug 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹1.0k Cr
- 8 schemes
- Biggest holder
- HDFC Small Cap Fund
- ₹304 Cr · 0.7% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Small Cap Fund HDFC Mutual Fund | ₹304 Cr | held | Oct '25 |
| HDFC Hybrid Equity Fund HDFC Mutual Fund | ₹258 Cr | held | Oct '25 |
| SBI Large Cap Fund SBI Mutual Fund | ₹236 Cr | held | Oct '25 |
| SBI Dividend Yield Fund SBI Mutual Fund | ₹107 Cr | held | Oct '25 |
| HDFC Transportation and Logistics Fund HDFC Mutual Fund | ₹41 Cr | held | Oct '25 |
| HDFC Retirement Savings Fund - Equity Plan HDFC Mutual Fund | ₹31 Cr | held | Dec '25 |
| HDFC Dividend Yield Fund HDFC Mutual Fund | ₹26 Cr | held | Oct '25 |
| HDFC Retirement Savings Fund - Hybrid-Equity Plan HDFC Mutual Fund | ₹6 Cr | held | Oct '25 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- -3%
- vs est. average cost
- Held by funds
- ₹1.0k Cr
- 8 schemes · ≈ 6.8% of the company
- Biggest holder
- HDFC Small Cap Fund
- ₹304 Cr · 0.7% of that fund
- Longest holder
- SBI Large Cap Fund
- 11 mo · since Oct '25
Shares held by these funds +1%
Oct '25 35.81 L shares Jul '26
All earnings calls (2)
Read the Q1 FY27 call →Learn to analyse SKF India (Industrial) Limited
Guides on how to read this kind of business and the numbers that matter.