SKF India Ltd is an India-based company that manufactures and distributes bearing products and other related products. The company's products and services include bearings, hydraulic and mechanical tools for mounting and dismounting, alignment tools, seals, lubrication systems, and services such as technical support, maintenance, and condition monitoring. SKF India Ltd is a leading supplier of products, solutions & services within rolling bearing, seals, mechatronics, and lubrication systems.
SKF began its operations in India in 1923 by establishing a trading outpost in Calcutta. SKF India Ltd was incorporated in 1961 following a collaboration between AB SKF, Associated Bearing Co. Ltd, and Investment Corp. of India Ltd. in 1963, SKF set up its first bearing factory in Pune, Maharashtra. The company was founded in 1923 and is headquartered in Pune, India.
Its products include Rolling bearings, Mounted bearings and housings, Super-precision bearings, Slewing bearings, Plain bearings, Magnetic bearings and systems, Thin section bearings, Industrial seals, Automotive seals, Lubrication management, Maintenance Products, Condition monitoring systems, and others. It offers various products such as bearings, lubrication solutions, magnetic systems, power transmission products, coupling systems, and seals. SKF India also provides test and measurement equipment; maintenance products; vehicle aftermarket, condition monitoring, and actuation systems.
It serves various industries, including Aerospace, Agriculture, Automotive, Construction, Food and beverage, General machinery, Machine tools, Marine, Material handling, and others. It operates in a single segment which is Bearings. The company's products and technologies are used by original equipment makers and aftermarket customers across the world. SKF India generates a majority of its revenue from the Indian domestic market.
The Company's manufacturing facilities are located at Pune, Bangalore, and Haridwar. Its manufacturing units in Pune, Bengaluru, and Haridwar cater to automotive and industrial sectors near the industrial corridors of Northern and Peninsular India. As of 2021, SKF India has 3 manufacturing facilities and 12 offices across India. SKF India has 1,701 total employees.
The company is a subsidiary of AB SKF, which holds approximately 53% stake through group companies. AB SKF (Swedish: Svenska Kullagerfabriken, 'Swedish Ball Bearing Factory') is a Swedish bearing and seal manufacturing company founded in Gothenburg, Sweden, in 1907. The company manufactures and supplies bearings, seals, lubrication and lubrication systems, maintenance products, mechatronics products, power transmission products, condition monitoring systems, and related services globally. SKF is the world's largest bearing manufacturer and employs 44,000 people in 108 manufacturing units.
Promoter holding in SKF India Ltd has remained stable at 52.58% as of March 2025 (unchanged from June 2024). SKF India is publicly listed on the National Stock Exchange of India and the Bombay Stock Exchange. The company has a large presence in the Indian bearing industry.
Based on the latest available financial data, SKF India Ltd has a market capitalization of ₹23,978 Crore (or ₹22,678.18 Crore as of May 28, 2025).
For the full year, net profit rose 2.56% to ₹565.91 Crore in the year ended March 2025, as against ₹551.80 Crore during the previous year ended March 2024. Sales rose 7.65% to ₹4,919.92 Crore in the year ended March 2025, as against ₹4,570.13 Crore during the previous year ended March 2024.
Net profit of SKF India rose 16.01% to ₹203.28 Crore in the quarter ended March 2025, as against ₹175.23 Crore during the previous quarter ended March 2024. Sales rose 0.83% to ₹1,213.37 Crore in the quarter ended March 2025, as against ₹1,203.40 Crore during the previous quarter ended March 2024.
SKF India announced that the Board of Directors of the Company at its meeting held on May 15, 2025, inter alia, have recommended a final dividend of ₹14.5 per equity Share (i.e., 145%), subject to the approval of the shareholders. SKF India announced that the 64th Annual General Meeting (AGM) of the company will be held on August 6, 2025.
The P/E (price-to-earnings) ratio of SKF India Ltd (SKFINDIA) is 40.07. The P/B (price-to-book) ratio is 8.45. The SKF India Ltd's 52-week high share price is ₹6,690.00 and 52-week low share price is ₹3,544.00.
SKF India Ltd's top 5 peers in the Engineering sector are Schaeffler India, Timken India, SKF India, NRB Bearings, Galaxy Bearings, Bimetal Bearings. JTEKT, NTN (Industrial Supplies and Parts), Forvia Hella, The Timken Company, and Hanon Systems are some of the 28 competitors of SKF India. SKF India Ltd (SKFINDIA) belongs to the Industrials sector & Industrial Machinery sub-sector.
The company is almost debt-free. The company has established itself as a trusted partner for both original equipment manufacturers and aftermarket customers across various industrial sectors. With its comprehensive product portfolio ranging from basic bearings to advanced mechatronics solutions, SKF India continues to serve the growing demand for precision engineering solutions in the Indian market.
The company's strategic positioning in key industrial corridors through its manufacturing facilities in Pune, Bengaluru, and Haridwar allows it to efficiently serve customers across India while maintaining close proximity to major automotive and industrial clusters. This geographical advantage, combined with the backing of the global SKF group's technology and expertise, positions SKF India well for continued growth in the Indian industrial landscape.
