Reviews

SKF INDIA

Ticker : 500472
FV: Rs.10
52-Week H/L : Rs.2164.50/1610



We had recommended SKF India Ltd. in volume no. 35, issue no. 35 (dated June 24, 2019), when the scrip was trading at Rs. 1,985. SKF India Ltd. has two business segments, including sales of in-house manufactured goods and services and sales of traded goods manufactured by other related SKF companies. The company offers bearing and its components. It has business in the domestic as well as foreign markets. The stock was previously recommended due to the pick-up in the industrial performance. In Q4FY19, the company’s revenue increased by 6.37 per cent to Rs. 748.44 crore from Rs. 703.64 crore in Q4FY18. The PBDT for Q4FY19 stood at Rs. 138.33 core, an increase of 12.24 per cent as compared to Rs. 123.24 crore for Q4FY18. In Q4FY19, the net profit increased by 14.87 per cent to Rs. 82.20 crore as against Rs. 71.56 crore in Q4FY18. The company’s board of directors recommended a dividend of Rs. 12 per share. Considering the company's strong financials, we recommend a HOLD.