SKF India
1,891.80
-48.70(-2.51%)
Market Cap₹- Cr
PE Ratio-
Company Performance:
1D-2.51%
1M-10.71%
6M-60.38%
1Y-19.82%
5Y+144.51%
View Company Insightsright
More news about SKF India
15Oct 25
SKF India Shares Adjust 54% Down on Demerger; Actual Market Decline Only 5%
SKF India shares fell 54% to Rs 2,395.85 from Rs 5,010.75 on October 15, primarily due to a price adjustment following the demerger of its automotive and industrial businesses. The actual market-driven fall was about 5%. The demerger, effective October 1, created two entities: SKF India (Automotive) and SKF India (Industrial). Shareholders will receive one share of SKF India (Industrial) for each existing share. The stock hit its lower circuit at Rs 2,276.10. The restructuring aims to create focused organizations with dedicated management teams. SKF India (Industrial) shares are expected to list in November 2024.
13Oct 25
SKF India Seeks Shareholder Approval for Material Related Party Transactions and Leadership Changes
SKF India Limited has issued a postal ballot notice for three key resolutions: approval of material related party transactions with SKF India (Industrial) Limited up to ₹19,355.00 million, appointment of Shailesh Kumar Sharma as Managing Director for five years, and appointment of Mukund Vasudevan as Non-Executive Director. These changes follow the demerger of SKF India's Industrial Business, effective from October 1, 2025. E-voting for shareholders is scheduled from October 17 to November 15, 2025.
30Sept 25
SKF India Announces Management Restructuring with New Appointments
SKF India Limited has announced significant changes to its board and management structure. Mukund Vasudevan has been appointed as a Non-executive Non-Independent Director, effective October 1, 2025, following his resignation as Managing Director. Shailesh Kumar Sharma has been named the new Managing Director for a five-year term. Several other key appointments have been made, including Aashi Arora as Interim CFO, Mayuri Kulkarni as Company Secretary, Alagesan Thasari as Head of Automotive Business, Kshipra Khairnar as Head of Legal Counsel, and Bhavna Panigrahi as Interim HR Head for Automotive India. These changes are part of a broader restructuring initiative related to the company's ongoing demerger.
26Sept 25
NCLT Approves SKF India's Industrial Business Demerger, Creating New Listed Entity
SKF India Limited has obtained NCLT Mumbai Bench approval to demerge its Industrial Business into SKF India (Industrial) Limited. Shareholders will receive one share of the new entity for each SKF India share held. The new company will be listed on BSE and NSE. This strategic move aims to enhance focus, enable independent growth, and improve capital allocation for both automotive and industrial segments. The demerger's effective date will be determined by the boards of both companies.
25Sept 25
AB SKF to Boost Stake in SKF India to 52.58% Through Inter-se Transfer
AB SKF plans to increase its shareholding in SKF India from 45.85% to 52.58% through an off-market inter-se transfer of shares. The transaction involves acquiring 3,326,004 equity shares (6.73%) from SKF (U.K.) Limited and SKF Förvaltning AB. The transfer, structured as a dividend in kind distribution, is set to occur on or after October 1, 2025. This move complies with regulatory requirements and maintains the aggregate promoter group holding.
05Sept 25
SKF India Approves Q4 Results, Proposes Rs 130 Dividend, and Announces Key Board Changes
SKF India has approved financial results for Q4 and FY 2023-24, proposing a final dividend of Rs 130 per share. The 63rd AGM is scheduled for August 13, 2024, via video conferencing, with July 4, 2024, set as the record date. The Board approved reappointment of two independent directors and appointed various auditors for FY 2024-25. A postal ballot process has been initiated for key appointments, including a new Managing Director.
06Aug 25
SKF India Reports Q1 FY26 Results; Holds 64th AGM
SKF India Limited announced its Q1 FY26 results and held its 64th AGM. Standalone revenue grew 6.38% YoY to ₹12,831.50 million, but profit declined 25.43% to ₹1,186.00 million. The company declared a final dividend of ₹14.50 per share for FY 2024-25. SKF India's FY 2024-25 performance showed revenue growth of 7.65% and PAT increase of 2.54%. The company is progressing with its demerger strategy to separate Automotive and Industrial businesses, scheduled for implementation between Q4 CY24 and Q4 CY25.
22Jul 25
SKF India Shareholders Approve Demerger of Industrial Business
SKF India Limited's equity shareholders have approved a scheme to demerge its industrial business into a new entity, SKF India (Industrial) Limited. The demerger will create two independent companies focusing on automotive and industrial segments respectively. Shareholders will receive one share in the new industrial company for each share held in SKF India Limited. The company expects NCLT approval by September-October 2025 and aims to complete the demerger by Q4 2025. SKF India has increased its annual capital expenditure guidance to ₹350-400 crore for capacity expansion and construction of a new industrial factory. The demerger is expected to drive growth, increase localization, and create more value for shareholders.
14Jul 25
SKF India Shareholders Approve Demerger Plan in NCLT-Convened Meeting
SKF India Limited received shareholder approval for its proposed demerger plan during a special meeting on July 14, 2025. The scheme involves demerging part of SKF India's business into a new entity, SKF India (Industrial) Limited. The meeting, held via video conferencing, saw 59 shareholders representing 2,60,96,069 shares participate. The resolution was passed with overwhelming support, with 99.99% of votes in favor. The company will now seek final approval from the NCLT to implement the demerger.
30Jun 25
SKF India Unveils Rs 1,460 Crore Investment Plan by 2030, Projects Steady EBITDA
SKF India plans to invest up to Rs 1,460 crore by 2030 to enhance manufacturing capabilities across key facilities. The investment will be split between the Industrial Business (Rs 800-950 crore) and Automotive Business (Rs 410-510 crore), focusing on capacity increases in Haridwar, Pune, and Bangalore plants. The company projects EBITDA ranges of 16% to 18% for the Industrial segment and 17% to 19% for the Automotive segment over the next three years.
20May 25
SKF India Unveils Ambitious Plans to Double Capital Expenditure
SKF India, a leading manufacturer of bearings and lubrication systems, announces plans to double its capital expenditure from the current Rs 130-150 crores over the next 2-3 years. The company anticipates margin expansion across both business segments in the next three years. This increased investment aims to strengthen manufacturing capabilities and enhance market position, reflecting SKF India's commitment to long-term growth and competitiveness in the Indian market.
16May 25
SKF India: Q4 Profit Surges 20%, Declares Dividend
SKF India, a leading bearings manufacturer, reported strong Q4 results with net profit rising 20% to ₹275.65 crore. Revenue slightly increased to ₹1,213.40 crore, while EBITDA grew 33% to ₹284.00 crore. The company declared a final dividend of ₹14.50 per share. Shares surged 9% on the results announcement, reflecting investor confidence in the company's improved profitability and operational efficiency.
04Apr 25
SKF India Shares: Block Trade Worth ₹18.07 Crore Executed on NSE
A significant block trade of SKF India Ltd. shares occurred on the NSE, involving 47,934 shares at ₹3,770.00 per share, totaling ₹18.07 crore. This large transaction has drawn market attention, potentially indicating shifts in investor positions or strategic moves by institutional players.
SKF India
1,891.80
-48.70
(-2.51%)
1 Year Returns:-19.82%
Industry Peers
Carborundum Universal
879.70
(-1.79%)
Wendt
7,975.00
(-0.44%)
Grindwell Norton
1,581.20
(+0.14%)
SKF India
1,891.80
(-2.51%)
Timken
3,134.10
(+1.89%)
Galaxy Bearings
679.80
(-0.29%)