SKF India (SKFINDIA) | Financial Analysis & Statements
SKF India Ltd. Mid-cap Industrials
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
12.8B
Gross Profit
4.9B
38.54%
Operating Income
1.4B
11.28%
Net Income
1.2B
9.21%
EPS (Diluted)
₹23.90
Balance Sheet Metrics
Total Assets
35.6B
Total Liabilities
9.7B
Shareholders Equity
26.0B
Debt to Equity
0.37
Cash Flow Metrics
Revenue & Profitability Trend
Quarter Income Flow
Jun 30, 2025
Annual Income Flow
2025
SKF India Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 48.3B | 44.9B | 42.3B | 36.0B | 26.3B |
| Cost of Goods Sold | 32.6B | 30.1B | 27.7B | 24.2B | 16.8B |
| Gross Profit | 15.8B | 14.8B | 14.6B | 11.9B | 9.5B |
| Gross Margin % | 32.6% | 33.0% | 34.5% | 32.9% | 36.2% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 370.8M | 391.8M | 402.6M | 279.8M | 305.3M |
| Other Operating Expenses | 5.2B | 4.6B | 4.0B | 3.6B | 2.8B |
| Total Operating Expenses | 5.6B | 5.0B | 4.4B | 3.9B | 3.1B |
| Operating Income | 6.6B | 6.4B | 7.3B | 5.1B | 3.8B |
| Operating Margin % | 13.7% | 14.3% | 17.2% | 14.2% | 14.3% |
| Non-Operating Items | |||||
| Interest Income | 728.7M | 712.7M | 360.1M | 184.0M | 288.5M |
| Interest Expense | 7.0M | 12.1M | 15.1M | 20.8M | 21.3M |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 7.6B | 7.4B | 7.3B | 5.3B | 4.0B |
| Income Tax | 2.0B | 1.8B | 2.1B | 1.4B | 985.6M |
| Effective Tax Rate % | 25.9% | 25.0% | 28.4% | 25.6% | 24.9% |
| Net Income | 5.7B | 5.5B | 5.2B | 3.9B | 3.0B |
| Net Margin % | 11.7% | 12.3% | 12.4% | 11.0% | 11.3% |
| Key Metrics | |||||
| EBITDA | 8.5B | 8.1B | 8.0B | 5.9B | 4.6B |
| EPS (Basic) | ₹114.50 | ₹111.60 | ₹106.20 | ₹79.90 | ₹60.20 |
| EPS (Diluted) | ₹114.50 | ₹111.60 | ₹106.20 | ₹79.90 | ₹60.20 |
| Basic Shares Outstanding | 49437963 | 49437963 | 49437963 | 49437963 | 49437963 |
| Diluted Shares Outstanding | 49437963 | 49437963 | 49437963 | 49437963 | 49437963 |
Income Statement Trend
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SKF India Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 7.1B | 12.2B | 9.6B | 3.9B | 4.4B |
| Short-term Investments | 500.0K | 500.0K | 500.0K | 109.0M | 555.8M |
| Accounts Receivable | 8.5B | 7.7B | 6.8B | 6.9B | 5.8B |
| Inventory | 8.7B | 6.8B | 6.9B | 6.8B | 4.7B |
| Other Current Assets | 18.5M | 14.3M | 46.2M | 76.0M | 106.2M |
| Total Current Assets | 25.7B | 27.4B | 24.5B | 19.5B | 16.3B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 5.3B | 4.5B | 4.0B | 3.8B | 3.3B |
| Goodwill | 10.3M | 1.5M | 3.2M | 2.5M | 2.6M |
| Intangible Assets | 10.3M | 1.5M | 3.2M | 2.5M | 2.6M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 100.0K | -200.0K | -100.0K | 110.7M | 130.4M |
| Total Non-Current Assets | 10.0B | 9.1B | 7.3B | 6.6B | 6.7B |
| Total Assets | 35.6B | 36.5B | 31.8B | 26.1B | 23.0B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 6.6B | 7.1B | 6.1B | 5.1B | 5.8B |
| Short-term Debt | 63.4M | 80.1M | 63.0M | 56.1M | 73.7M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 231.7M | 258.6M | 100.0K | 21.8M | 127.8M |
| Total Current Liabilities | 9.1B | 9.3B | 7.9B | 6.8B | 6.9B |
| Non-Current Liabilities | |||||
| Long-term Debt | 5.8M | 37.5M | 81.4M | 104.9M | 102.1M |
| Deferred Tax Liabilities | - | - | - | - | - |
| Other Non-Current Liabilities | 100.0K | - | - | - | -400.0K |
| Total Non-Current Liabilities | 555.3M | 406.9M | 422.9M | 481.2M | 457.3M |
| Total Liabilities | 9.7B | 9.7B | 8.4B | 7.3B | 7.4B |
| Equity | |||||
| Common Stock | 494.4M | 494.4M | 494.4M | 494.4M | 494.4M |
| Retained Earnings | 22.6B | 23.5B | 20.0B | 15.5B | 12.3B |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 26.0B | 26.8B | 23.4B | 18.9B | 15.6B |
| Key Metrics | |||||
| Total Debt | 69.2M | 117.6M | 144.4M | 161.0M | 175.8M |
| Working Capital | 16.6B | 18.1B | 16.5B | 12.7B | 9.4B |
Balance Sheet Composition
SKF India Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 7.6B | 7.4B | 7.3B | 5.3B | 4.0B |
| Depreciation & Amortization | - | - | - | - | - |
| Stock-Based Compensation | - | - | - | - | - |
| Working Capital Changes | -2.9B | -357.3M | 374.0M | -2.9B | -1.6B |
| Operating Cash Flow | 4.0B | 6.3B | 7.4B | 2.2B | 2.1B |
| Investing Activities | |||||
| Capital Expenditures | -1.3B | -1.3B | -1.1B | -907.8M | -693.2M |
| Acquisitions | 0 | -65.3M | 0 | 0 | -24.8M |
| Investment Purchases | - | - | 0 | -109.0M | -765.8M |
| Investment Sales | - | 0 | 108.5M | 555.8M | 7.2B |
| Investing Cash Flow | -1.3B | -1.3B | -944.9M | -461.0M | 5.7B |
| Financing Activities | |||||
| Share Repurchases | - | - | - | - | - |
| Dividends Paid | -6.4B | -2.0B | -719.4M | -716.9M | -6.4B |
| Debt Issuance | - | - | - | - | - |
| Debt Repayment | - | - | - | - | - |
| Financing Cash Flow | -6.4B | -2.0B | -719.4M | -716.9M | -6.4B |
| Free Cash Flow | 717.3M | 4.9B | 5.8B | -345.4M | 2.5B |
| Net Change in Cash | -3.7B | 3.0B | 5.7B | 1.0B | 1.4B |
Cash Flow Trend
SKF India Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
17.50
Forward P/E
33.14
Price to Book
3.12
Price to Sales
1.96
PEG Ratio
-0.40
Profitability Ratios
Profit Margin
11.16%
Operating Margin
11.47%
Return on Equity
21.78%
Return on Assets
15.88%
Financial Health
Current Ratio
2.57
Debt to Equity
0.12
Beta
0.19
Per Share Data
EPS (TTM)
₹99.03
Book Value per Share
₹556.08
Revenue per Share
₹886.99
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| SKFINDIA | 85.7B | 17.50 | 3.12 | 21.78% | 11.16% | 0.12 |
| Timken India | 264.6B | 63.83 | 9.96 | 15.73% | 13.12% | 0.55 |
| Esab India | 89.5B | 43.68 | 22.08 | 48.56% | 14.23% | 0.88 |
| Technocraft | 56.5B | 20.54 | 3.00 | 14.13% | 10.01% | 43.32 |
| Kennametal India | 54.7B | 49.09 | 6.82 | 14.09% | 8.97% | 0.26 |
| Harsha Engineers | 35.3B | 33.83 | 2.72 | 7.12% | 6.92% | 24.12 |
Financial data is updated regularly. All figures are in the company's reporting currency.





