SKF India Share Price

The company released the unaudited financial results for the second quarter of the financial year spanning 2018-2019, and from this, we can see that:

1. The total income of the company rose to Rs.787.47 crore in the second quarter, up from Rs.777.48 crore in the first quarter.
2. The total expenses of the company rose marginally from Rs.652.34 crore in the first quarter to Rs.657.07 crore in the second quarter.
3. The profit before tax increased from Rs.125.14 crore to Rs.130.40 crore in the second quarter.
4. The total profit for the period increased to Rs.84.3 crore, up from Rs.80.86 crore in the previous quarter.

Q1 Results FY19

The company released the first quarter results for the FY19 and the unaudited financial results for that quarter show the following:

1. The total income of the company increased from Rs.722.45 crore in the final quarter of FY18 to Rs.777.48 crore in the first quarter of FY19.
2. The total expenses of the company rose from Rs.610.73 crore in the last quarter of FY18 to Rs.652.34 crore in the first quarter of FY19.
3. The profit before tax was Rs.125.14 crore as opposed to the result in the preceding quarter at Rs.111.72 crore.
4. The profit for the period was Rs.80.86 crore which was a solid increase from the profit in the previous quarter at Rs.71.56 crore.

Annual Report 2017-2018

The unaudited financial results for the year ending March 2018 indicate the following:

1. The total income of the company for the year dropped to Rs.2,876.18 crore from Rs.2,922.87 crore in the previous year.
2. The total expenses of the company decreased to Rs.2,420.69 crore from Rs.2,547.27 crore in the previous year.
3. The profit before tax increased to Rs.455.49 crore, up from Rs.375.60 crore in FY17.
4. The total profit for FY18 was Rs.295.89 crore, which was an increase from Rs.243.89 crore in FY17.
5. The total assets of the company increased in value from Rs.2,304.03 crore in FY17 to Rs.2,443.84 crore in FY18.
6. The total liabilities of the company rose from Rs.492.82 crore in FY17 to Rs.606.53 crore in FY18.

Q4 Results FY18

The company released the unaudited financial results for the last quarter of the financial year spanning 2017-2018 and the results are as follows:

1. The total income of the company rose from Rs.720.52 crore in the third quarter of the year to Rs.722.45 crore in the final quarter.
2. The total expenses of the company increased from Rs.590.34 crore in the previous quarter to Rs.610.73 crore in the last quarter of FY18.
3. The profit before tax was lower at Rs.111.72 crore in the final quarter of FY18 compared to the profit before tax in the third quarter of FY18 during which it was Rs.130.18 crore.
4. The total tax expense incurred by the company lowered to Rs.40.16 crore compared to Rs.44.03 crore in the previous quarter.
5. The profit for the period was definitely lower at Rs.71.56 crore compared to Rs.86.15 crore in the preceding quarter.

Stock Trends in 2018

1. The stock began trading at about Rs.1,898 in January 2018. The stock decreased over the course of the month and the closing price for the month was about Rs.1759.
2. The stock price appeared to increase in February 2018 but dipped during the course of the final week and the final price for the month was about Rs.1780.
3. While the stock dipped further in March 2018, there was a period when the stock appeared to steady in price. The price finally rose over the course of the final days of the month to close at about Rs.1753.
4. In April 2018, the stock rose a little and the final price for that month was about Rs.1872.
5. The price dipped again in May 2018 and the final price for that month was about Rs.1784.
6. The price of the stock held steady for most of June 2018 but dipped again in the final months. The final price for the month was Rs.1712.
7. The stock dived in July 2018 and the final price for the month was about Rs.1678. A final 120% dividend was announced on 13 July 2018.
8. In August 2018, the stock rose again in price and the stock crossed the Rs.1700 mark. The final price for the month was about Rs.1793.
9. The stock dived to below Rs.1700 again in September and the final price for the month was about Rs.1684.
10. In October 2018, the price of the stock again increased and the final price for the month was about Rs.1784.

Stock Trends in 2016 and 2017

Stock Trends in 2016

1. The stock began trading at over Rs.1220 in January 2016. The stock held steady for the entire month. While there was a dip in February, the stock rose again in price. March saw the price of the stock increase gradually and the final price for the month was about Rs.1264.
2. The price of the stock held steady for most of the month of April 2016. While it dipped steeply in May, the stock recovered very well in June 2016. The final price for the June 2016 was about Rs.1385.
3. A final 150% dividend was announced on 8 July 2016. The stock held mostly steady over the course of this month. In August too, the stock was mostly steady with no major fluctuations. In September, the stock closed at about Rs.1402 at the end of the month.
4. While the stock was steady in October 2016 and peaked in the initial days of November 2016, the stock dipped steeply after that. The final price for the year was about Rs.1262.

Stock Trends in 2017

1. The stock was trading close to Rs.1300 in January 2017. While the stock price remained steady for most of January, it increased in February. The stock continued to grow in price over the course of March too. The final price in March was about Rs.1557.
2. The stock rose again in April and peaked at the end of the month. The stock declined in May and June 2017 to result in a lackluster performance. The final price for the month was about Rs.1565.
3. The company announced a dividend, a final 100% dividend, on 18 July 2017. The stock was mostly steady in August and September 2017 with the final price at the close of September being about Rs.1518.
4. October, November, and December 2017 marked a period of growth for the stock price and the final price for the month of December 2017 was about Rs.1930.

Should You Invest in Stocks of SKF India Limited?

1. SKF is a very old and standard company that has continued to push the limits of innovation when it comes to developing bearings, seals, and lubricants.
2. The company has a solid presence all around the globe.
3. The company has 15,000 distributors across 450 locations.
4. The company's manufacturing facilities have received awards for excellence.
5. The company's Haridwar facility has the unique distinction of having achieved zero water discharge status. This is a highly coveted status that indicates how sustainable the company's practices are.
6. The company received seven customer awards in 2017-2018 alone for the quality and level of service that they provided.
7. During the 2017-2018 year, the company received five industry awards for excellence in performance for various categories.
8. The company is introducing newer products that include housings and accessories, UC Range insert bearing units, grease guns optimized for heavy duty, and pinion bearings.
9. The company has maintained its profit levels over the course of time, at times showing major increases.
10. The company's book value has increased over time without falling even once from 2013 to 2018.

Considering all this, along with the company's plants and their manufacturing capacity in India, investing in the company's stocks could be potentially lucrative. However, any such investment should be done after careful personal research and this research should be based on risk appetites and personal financial commitments.

Company Information

The company provides a number of services and products around the world. The company offers Services & Solutions from SKF which are aimed at helping companies improve productivity, energy efficiency, and so on. It is a complete service that deals with all aspects of a given company's manufacturing processes. SKF also offers something called SKF Life Cycle Management to achieve this. The company's products include a number of types of bearings, seals, and lubricants. The company now has customers and distribution channels around the world in about 130 countries, has over 45,678 employees, has over a hundred manufacturing sites in about 24 countries, and has 15 technical centres around the world.

History of the Company

SKF is a company which has been in existence for over hundred years. At present, it is considered the leading bearing manufacturer in the world. The company began its association with India in the year 1923, beginning with an outpost in Calcutta (presently, Kolkata). Initially, the company served the country by importing the bearings that were required. The importing process reduced after the company set up its first Indian factory to manufacture bearings in Pune. This was done in the year 1963. In the year 1995, the company began to enter international markets like in the USA, Europe, and South-East Asia.

Management of the Company

The Board of Directors of the company includes the following people:

R. Makhija - Chairman

Manish Bhatnagar - Managing Director

P.R.Menon

P.M.Telang

Hema Hattangady

Bernd Stephan

The country management team of the company includes the following people:

Manish Bhatnagar - Managing Director

Chandramowli Srinivasan - Director, Finance

Anjali Byce - Director, HR

Shrikant Savangikar - Director, Business Excellence, quality, sustainability, and CSR

Shoaib Shaikh - Director, Automotive sales, Asia and India (OEM and after market)

Rajesh Thantry - Head, Industrial distribution business

Mandar Vaidya - Vice President, Material, SKF India and Global category manager, Group purchase at SKF

Anjan Ghosal - Head Lincoln Helios (India) Limited

Mr. Manish Bhatnagar, the MD of SKF India, is responsible for deciding the direction in which the company will proceed in the coming years. His undergraduate degree was in electronics from BITS Pilani in India. He has graduated from IIM in India and is also a Chevening scholar from the London School of Economics. He has previously worked at companies such as Danaher Corporation, General Electric, Underwriters Laboratories, and Lakme Lever. In all of these companies, he was involved in creating and sustaining high performance cultures. This prior experience also indicates his abilities to manage working across industries. With almost three decades of experience, he is the best person to set the course at SKF.

SKF India Listings in BSE, NSE, and Other Indices

SKF India Limited is listed on the BSE and the NSE under the following codes:

1. BSE: 500472
2. NSE: SKFINDIAEQ
3. IND: Bearings
4. ISIN Code: INE640A01023
5. SECT: Engineering

The company is considered to be one of the constituents of the following indices:

1. Nifty 500
2. Nifty LargeMidcap 250
3. Nifty Midcap 150
4. Nifty MidSmallcap 400
5. S&P BSE 400 MidSmallCap Index
6. S&P BSE 500
7. S&P BSE AllCap
8. S&P BSE Capital Goods
9. S&P BSE Dollex - 200
10. S&P BSE Industrials
11. S&P BSE MidSmallCap
12. S&P BSE SmallCap

Registered Office

The SKF Technologies India Private Limited (Global Technical Center India) is located at the following address:

Plot 2, Bommasandra Industrial Area, Hosur Road, Bengaluru

Phone number: +91 080 49130205

The company also has another office in Chinchwad, Pune

Phone number: 1800 222 007, +91 20 6611 2500

Stocks vs. Mutual Funds: here's what we recommend

Stock market investments require a lot of research and knowledge. They do not generally offer any tax benefits and are regarded as high-risk investments. Hence,it is crucial to have a diversified portfolio. At Bankbazaar, we encourage our readers to invest on mutual funds.It doesn't require a lot of knowledge and equity linked mutual fund schemes offer tax benefits. Additionally, since mutual funds comprise stocks from multiple companies, they help in building a diversified portfolio.

DISCLAIMER:

The contents of this post/blog does not constitute financial or other professional advice nor does it imply in any manner a principal-agent relationship, and is not a professional advice on a specific financial matter.