Auto stocks · Micro cap · NSE
SKF India Limited is an Indian manufacturer and supplier of bearings, seals, mechatronics, and lubrication systems, primarily serving the automotive and industrial sectors. The company focuses on innovative products to help customers build efficient vehicles and aims for growth through commercial excellence and capability building.
full bear SMA stack · SMA20 -5.4% / mo · MACD − · near 52W low · sector -2.3pp vs Nifty 500 (3M)
Latest mapped FPI equity flow was not positive. View sector evidence
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Adjusted completed-session prices, rebased to 100
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Revenue -54.2% · PAT -47.5% YoY
Price trend and sector-relative-strength timing.
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Financial-only signal; management claim evidence is not sufficient yet.
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Rev -54% YoY · PAT -47% YoY · margin expansion · operating leverage
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹588 Cr | -54.2% | -1.2% |
| EBITDA | ₹88 Cr | -47.3% | +166.7% |
| Operating margin | 15.0% | +200 bps | +900 bps |
| PAT | ₹62 Cr | -47.5% | NDF |
| PAT margin | 10.5% | +134 bps | +1390 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Updated 20/10/2026
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Signals are conflicting — long-term trend down. RSI 35. Wait for confirmation.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
U-Score 33 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Top U-Score contributors and drags from the latest stored fundamentals.
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
12 stored score snapshots. Latest stored move: +0 points.
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Growth engines, risks, management commitments and evidence-backed delivery
Q4 FY26 sales grew 3% QoQ and 14.8% YoY, driven by volumes. However, PBT significantly declined by 770 bps QoQ and 694 bps YoY, impacted by one-off factors. Full-year FY26 sales rose 12.7% YoY, but PBT margin contracted to 12.3% from 19.2% in FY25.
Despite healthy volume-led sales growth in Q4 FY26 and for the full year, the sharp contraction in PBT margins QoQ and YoY is concerning. Management attributes this to 'one-off factors' and 'higher cost,' which require further clarity. The decline in Net Working Capital % of Sales is a positive, but overall profitability is under pressure.
Latest issuer-disclosed distribution across 4 reported categories.
Secured new business for EV eMotors Bearings (DGBB) in 2W/3W and EV eAxle Reducer, eMotor Bearings, and Conductive Brush in Passenger Vehicles.
Won new business for Wheel Speed Sensor Bearing for ABS (DGBB) and Wheel Hub Bearings (HUB), alongside portfolio range extension.
Secured new business for Manual and Automotive Transmission Bearings (DGBB, TRB, CRB) and Pinion Bearings (TRB).
Achieved new business wins for Transmission Bearings (DGBB and TRB) and Unitized Wheel Bearings (HUB).
Macro Key Indicators show Automotive production improved compared to Q3 FY26.
IIP-Industrial Production Growth (YoY) for Q4 FY26 was 4.1%, indicating a supportive industrial environment.
Q4 FY26 profitability was 'Impacted by one-off factors' leading to a significant PBT margin decline.
FY26 profitability was affected by 'Higher cost partially offset with volume growth', contributing to PBT margin contraction.
Q4 FY26 profitability was 'Impacted by one-off factors' which are not detailed, posing a risk to future earnings predictability.
Higher costs impacted FY26 profitability, suggesting potential challenges in cost pass-through or operational efficiency.
Management's forward-looking statements are 'subject to risk, and uncertainties and actual results may defer materially'.
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Both QoQ and YoY comparisons are crucial. QoQ highlights sequential momentum and the immediate impact of 'one-off factors' on profitability. YoY provides context for annual growth trends and the broader performance against the previous fiscal year, especially for a business with potential seasonality.
Q4 FY26 Sales: 5.6 BINR, up 3% QoQ. Volume growth contributed +3.4% QoQ, while Price/Mix was -0.4% QoQ.
Q4 FY26 Sales: 5.6 BINR, up 14.8% YoY. Volume growth contributed +11.8% YoY, and Price/Mix was +3.1% YoY.
Q4 FY26 PBT% was 9.0%, a decline of 770 bps QoQ from 16.7% in Q3 FY26. PBT (excl. exceptional items) was 534 MINR.
Q4 FY26 PBT% was 9.0%, a decline of 694 bps YoY from 22.5% in Q4 FY25. PBT (excl. exceptional items) was 534 MINR.
Strategic priorities include: Reduce CO2 with Innovative Products, Accelerate Growth Through Commercial Excellence, Capability and Capacity Building, and Execute with Speed, Agility and Attentiveness.
Management aims to 'Accelerate Growth Through Commercial Excellence' as a key strategic priority.
A strategic priority is 'Capability and Capacity Building across Full Value Chain' to support future growth.
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| PBT Margin | 9.0% in Q4 FY26 (excl. exceptional items) | Recovery in PBT margin and clarity on the 'one-off factors' that impacted Q4 FY26 profitability. |
| Net Working Capital (NWC) % of Sales | 24.3% in Q4 FY26 | Continued improvement or stability in NWC % of Sales, indicating efficient working capital management. |
| New Business Wins & EV Penetration | Secured new EV component wins and other segment-specific business. | Further announcements of new business wins, especially in the EV segment, and their contribution to revenue. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 42nd percentile of the scored universe and 27th percentile within Auto. Main check: results consistency is weak at 5/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
overall median 67 · Auto: 27th pctile, median 74 · Micro: 25th pctile, median 73
66 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Latest exchange and company disclosures found within the past two years.
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