Financials SKF India Limited

Equities

SKFINDIA

INE640A01023

Industrial Machinery & Equipment

Market Closed - Bombay S.E. 06:00:51 2024-05-21 am EDT 5-day change 1st Jan Change
6,002 INR -3.07% Intraday chart for SKF India Limited +19.77% +30.41%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 99,758 71,589 111,240 174,919 210,423 306,140 - -
Enterprise Value (EV) 1 94,182 65,406 106,237 171,061 200,988 193,692 294,999 292,272
P/E ratio 30.7 x 24.8 x 37.4 x 44.3 x 40.1 x 37.3 x 46.5 x 41 x
Yield 0.59% - 0.64% 0.41% 0.34% 0.53% 0.9% 0.8%
Capitalization / Revenue 3.29 x 2.52 x 4.17 x 4.77 x 4.89 x 4.5 x 6.04 x 5.35 x
EV / Revenue 3.1 x 2.3 x 3.98 x 4.67 x 4.67 x 4.24 x 5.82 x 5.11 x
EV / EBITDA 19.4 x 18.7 x 25.3 x 30.8 x 26.8 x 27 x 34.6 x 29.8 x
EV / FCF 69.6 x 27.9 x 42.4 x -495 x 34.4 x 39.2 x 76.7 x 57.6 x
FCF Yield 1.44% 3.59% 2.36% -0.2% 2.9% 2.55% 1.3% 1.74%
Price to Book 5.88 x 3.76 x 7.11 x 9.28 x 8.99 x 7.67 x 10.3 x 8.91 x
Nbr of stocks (in thousands) 49,438 49,438 49,438 49,438 49,438 49,438 - -
Reference price 2 2,018 1,448 2,250 3,538 4,256 6,192 6,192 6,192
Announcement Date 5/15/19 5/7/20 5/14/21 5/11/22 5/17/23 5/8/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 30,345 28,416 26,707 36,659 43,049 45,701 50,719 57,200
EBITDA 1 4,859 3,494 4,201 5,557 7,494 7,176 8,534 9,792
EBIT 1 4,395 2,923 3,622 4,986 6,826 6,430 7,783 8,812
Operating Margin 14.48% 10.29% 13.56% 13.6% 15.86% 14.07% 15.34% 15.41%
Earnings before Tax (EBT) 1 5,242 3,868 3,963 5,310 7,329 7,358 8,804 9,999
Net income 1 3,357 2,890 2,977 3,951 5,248 5,518 6,582 7,473
Net margin 11.06% 10.17% 11.15% 10.78% 12.19% 12.07% 12.98% 13.06%
EPS 2 65.70 58.50 60.20 79.90 106.2 111.6 133.1 151.2
Free Cash Flow 1 1,353 2,345 2,504 -345.4 5,835 4,937 3,845 5,075
FCF margin 4.46% 8.25% 9.37% -0.94% 13.55% 10.8% 7.58% 8.87%
FCF Conversion (EBITDA) 27.85% 67.1% 59.59% - 77.86% 68.8% 45.06% 51.82%
FCF Conversion (Net income) 40.31% 81.14% 84.1% - 111.19% 89.48% 58.42% 67.91%
Dividend per Share 2 12.00 - 14.50 14.50 14.50 32.62 55.90 49.75
Announcement Date 5/15/19 5/7/20 5/14/21 5/11/22 5/17/23 5/8/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 8,187 8,475 6,935 9,664 9,670 10,390 10,547 10,783 10,772 10,946 11,496 12,076 11,658 11,370
EBITDA 1,804 1,482 1,138 1,598 1,232 1,594 1,837 2,146 1,841 1,670 - 2,199 1,776 1,875
EBIT 1,651 1,345 997.4 1,474 1,076 1,443 - 1,977 1,670 1,501 - 2,061 1,591 1,677
Operating Margin 20.17% 15.87% 14.38% 15.26% 11.13% 13.88% - 18.34% 15.51% 13.71% - 17.07% 13.65% 14.75%
Earnings before Tax (EBT) 1,736 1,387 1,058 1,561 1,234 1,457 1,761 2,075 1,797 1,696 - 2,309 1,724 1,899
Net income 1,281 1,049 791.2 1,176 888.9 1,095 1,291 1,558 1,165 1,228 - 1,730 1,251 1,422
Net margin 15.65% 12.37% 11.41% 12.17% 9.19% 10.54% 12.24% 14.45% 10.81% 11.22% - 14.33% 10.73% 12.51%
EPS 25.90 21.20 16.00 23.80 18.00 22.10 26.10 31.50 23.60 24.80 - 35.00 26.77 28.73
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 2/5/21 5/14/21 7/23/21 10/27/21 2/9/22 5/11/22 7/27/22 11/3/22 2/8/23 5/17/23 8/2/23 - - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 5,576 6,183 5,003 3,858 9,435 12,104 11,141 13,868
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 1,353 2,345 2,504 -345 5,835 4,937 3,845 5,075
ROE (net income / shareholders' equity) 19% 16% 17.2% 22.9% 24.8% 22% 22.7% 22.8%
ROA (Net income/ Total Assets) 14.2% 12.1% - - - - - -
Assets 1 23,698 23,830 - - - - - -
Book Value Per Share 2 343.0 385.0 316.0 381.0 474.0 543.0 600.0 695.0
Cash Flow per Share 35.40 66.80 - - - - - -
Capex 1 457 953 736 916 1,067 1,304 1,348 1,433
Capex / Sales 1.51% 3.35% 2.76% 2.5% 2.48% 2.85% 2.66% 2.51%
Announcement Date 5/15/19 5/7/20 5/14/21 5/11/22 5/17/23 5/8/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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