SKF India Ltd
About
SKF India Limited is a subsidiary of the Swedish multinational Aktiebolaget Svenska Kullagerfabriken (AB SKF) and was established in 1961. SKF India manufactures and distributes a variety of products such as bearings, seals, lubrication systems, and condition monitoring solutions, catering to both industrial and automotive sectors. Over the past few decades, the company has transitioned into a knowledge-driven engineering company, providing solutions for businesses to achieve breakthroughs in friction reduction, energy efficiency, equipment longevity and reliability. SKF has a significant national footprint, with 6 manufacturing sites, 12 offices, and a supplier network consisting of 450 distributors , all supported by 1700 working professionals.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 4679 6.7% | 4386 13.2% | 3874 43.6% | 2697 -8.9% | 2961 -6.6% | 3171 13.5% | 2795 0.3% | 2786 -11.3% | 3140 24.4% | 2524 7.7% | 2345 3.1% | 2274 -9.1% | 2502 16.2% | 2153 35.4% | 1590 -4.9% | 1672 - |
| Net Operating Income (INR Cr) | 4570 6.16% | 4305 17.43% | 3666 37.26% | 2671 0.00% | 2842 -6.36% | 3035 10.33% | 2750 4.52% | 2631 -12.21% | 2997 24.18% | 2414 6.09% | 2275 2.13% | 2228 -8.51% | 2435 17.72% | 2068 31.67% | 1571 -3.47% | 1627 3.82% |
| Profit (INR Cr) | 552 5.1% | 525 32.9% | 395 32.7% | 298 3.0% | 289 -13.9% | 336 13.5% | 296 21.3% | 244 -4.7% | 256 26.2% | 203 21.6% | 167 -12.3% | 190 -8.8% | 208 17.8% | 177 87.8% | 94 -26.2% | 128 - |
| Assets (INR Cr) | 2731 14.3% | 2390 23.2% | 1939 20.0% | 1617 -17.6% | 1961 7.8% | 1819 -6.7% | 1950 4.1% | 1875 6.7% | 1757 21.8% | 1443 11.2% | 1297 10.5% | 1175 14.1% | 1029 21.3% | 849 18.7% | 715 10.8% | 645 - |
| Net Worth (INR Cr) | 2683 14.6% | 2341 24.2% | 1886 20.6% | 1564 0.0% | 1905 12.3% | 1697 -7.6% | 1837 1.4% | 1811 8.8% | 1665 17.5% | 1416 11.0% | 1276 10.4% | 1155 14.3% | 1011 19.2% | 849 18.8% | 715 10.8% | 645 18.3% |
| Employee Cost (INR Cr) | 343 14.6% | 300 4.9% | 286 16.0% | 246 2.8% | 240 -7.2% | 258 9.1% | 237 6.6% | 222 -12.6% | 254 17.9% | 216 3.9% | 207 22.4% | 169 2.6% | 165 14.1% | 145 0.3% | 144 14.6% | 126 - |
| Interest Cost (INR Cr) | 1 | 2 | 2 | 2 | 9 | 8 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Cash & Bank Balance (INR Cr) | 1222 | 958 | 402 | 500 | 618 | 603 | 743 | 591 | 697 | 535 | 376 | 307 | 224 | 212 | 289 | 192 |
| Total Debt (INR Cr) | 12 | 14 | 16 | 18 | 22 | 90 | 85 | 34 | 65 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 11.8% | 12.0% | 10.2% | 11.0% | 9.8% | 10.6% | 10.6% | 8.8% | 8.2% | 8.0% | 7.1% | 8.4% | 8.3% | 8.2% | 5.9% | 7.6% |
| Profit As % Of Assets | 20.2% | 22.0% | 20.4% | 18.4% | 14.7% | 18.5% | 15.2% | 13.0% | 14.6% | 14.1% | 12.9% | 16.2% | 20.3% | 20.9% | 13.2% | 19.8% |
| Profit As % Of Networth | 20.6% | 22.4% | 21.0% | 19.0% | 15.2% | 19.8% | 16.1% | 13.5% | 15.4% | 14.3% | 13.1% | 16.5% | 20.6% | 20.9% | 13.2% | 19.8% |
| Interest Cost to EBITDA % | 0.2% | 0.2% | 0.4% | 0.5% | 2.7% | 1.6% | 1.1% | - | - | - | - | - | - | 0.3% | 0.5% | 0.3% |
| Debt to Equity Ratio | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.05 | 0.05 | 0.02 | 0.04 | - | - | - | - | 0.00 | 0.00 | 0.00 |
| RONW | 22.0% | 24.8% | 22.9% | 19.0% | 16.1% | 19.0% | 16.2% | 14.0% | 13.3% | 15.1% | 13.7% | 17.6% | 22.4% | 22.6% | 15.4% | 21.5% |
| ROCE | 28.8% | 33.9% | 30.0% | 24.6% | 21.0% | 28.2% | 24.1% | 20.7% | 19.7% | 22.3% | 20.5% | 25.7% | 33.4% | 34.1% | 23.5% | 32.8% |