SKF India Limited (SKFINDIA.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+58.6%

₹2,326.58

vs ₹1,466.80 price

Levered DCF

₹1,805.24

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	26.28×	15.86×	18.74×	19.17×	21.15×	17.87×	12.02×	14.64×
P/B	5.26×	3.45×	3.85×	4.3×	4.43×	3.4×	1.82×	2.9×
P/S	1.86×	1.82×	2.26×	2.34×	2.28×	1.99×	1.22×	1.62×
EV / EBITDA	13.08×	11×	12.65×	11.44×	13.86×	11.31×	9.11×	9.98×
Gross margin	30.4%	37.4%	37.9%	39.1%	37.3%	39.8%	35.5%	39.9%
Operating margin	9.9%	29.7%	29.9%	31.5%	29.3%	30.3%	26.7%	30.7%
Net margin	7.1%	11.5%	12.1%	12.2%	10.8%	11.1%	10.2%	11.1%
Current ratio	2.06×	2.82×	2.95×	3.08×	2.88×	2.35×	3.56×	3.02×
Debt / equity	0×	0×	0×	0.01×	0.01×	0.01×	0.01×	0.05×
Interest coverage	1,059.49×	2,084.33×	1,127.46×	899.4×	516.44×	379.46×	79.89×	121.49×
Dividend yield	1.0%	7.2%	1.9%	0.7%	0.9%	12.1%	2.1%	1.5%
Payout ratio	27.0%	113.6%	35.8%	13.7%	18.2%	215.9%	24.7%	22.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	20.0%	21.8%	20.6%	22.4%	20.9%	19.0%	15.2%	19.8%
Return on invested capital	16.6%	40.7%	37.5%	40.7%	40.9%	37.6%	28.9%	32.8%
Return on assets	12.8%	15.9%	15.1%	16.5%	15.0%	12.9%	11.7%	14.6%
Free cash flow yield	2.5%	0.8%	4.8%	5.8%	-0.4%	4.7%	6.8%	2.8%
Earnings yield	3.8%	6.3%	5.3%	5.2%	4.7%	5.6%	8.3%	6.8%
Enterprise value	₹66.9B	₹82.6B	₹91.3B	₹91.2B	₹79.8B	₹48.9B	₹33.8B	₹48.9B
Net debt / EBITDA	-0.58×	-0.95×	-1.67×	-1.18×	-0.65×	-0.98×	-0.25×	-0.06×
Cash conversion cycle (days)	38	88	99	128	168	135	76	93