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Buy SKF India Ltd For Target Rs. 6400 - ICICI Direct Focus on localisation to boost growth… About the stock: SKF India, incorporated in 1961, is engaged in manufacturing of bearings, seals, lubrication systems, after-market and other maintenance products * Company’s ~52% of revenues come from industrial segment while ~41% of revenues come from automotive segment. Balance ~7% of sales is from exports. After-market segment contributes ~36% of total revenue * Consolidated revenue of the company has grown by 14.9% CAGR during ...
Buy SKF India Ltd For Target Rs. 6400 - ICICI Direct
Buy SKF India Ltd For Target Rs. 6400 - ICICI Direct
Source: ICICI Direct
2/09/2023 2:20:41 PM
SKF India gains on reporting 20% rise in Q1 consolidated net profit SKF India is currently trading at Rs. 5237.30, up by 94.30 points or 1.83% from its previous closing of Rs. 5143.00 on the BSE. The scrip opened at Rs. 5230.10 and has touched a high and low of Rs. 5301.00 and Rs. 5179.95 respectively. So far 1039 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5528.90 on 01-Aug-2023 and a 52 week low of Rs. 3961.00 on 28-Mar-2023. Last one week high and low of the scrip stood ...
SKF India gains on reporting 20% rise in Q1 consolidated net profit
SKF India gains on reporting 20% rise in Q1 consolidated net profit
Source: Accord Fintech
3/08/2023 11:23:37 AM
SKF India announces Q1 FY 2023-24 financial results The Board of Directors of SKF India Limited, India’s leading technology and solutions provider of bearings and units, seals, lubrication, condition monitoring and services, today approved the unaudited financial results for the first quarter ended June 30, 2023.  The financial highlights are as given below:   * The Revenue from operations of the Company for the quarter was at Rs 11,496 million as compared to Rs 10,547 million in the previous...
SKF India announces Q1 FY 2023-24 financial results
SKF India announces Q1 FY 2023-24 financial results
Source: PR Agency
2/08/2023 4:16:51 PM
SKF India gains on inking pact to acquire stake in Clean Max Taiyo SKF India is currently trading at Rs. 4361.00, up by 13.60 points or 0.31% from its previous closing of Rs. 4347.40 on the BSE. The scrip opened at Rs. 4347.40 and has touched a high and low of Rs. 4396.25 and Rs. 4340.00 respectively. So far 354 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5170.85 on 22-Nov-2022 and a 52 week low of Rs. 3060.00 on 19-May-2022. Last one week high and low of the scrip stood a...
SKF India gains on inking pact to acquire stake in Clean Max Taiyo
SKF India gains on inking pact to acquire stake in Clean Max Taiyo
Source: Accord Fintech
16/05/2023 12:22:31 PM
SKF India surges as the company to acquire 26% stake in Cleanmax Taiyo SKF India is currently trading at Rs. 4313.60, up by 23.10 points or 0.54% from its previous closing of Rs. 4290.50 on the BSE. The scrip opened at Rs. 4269.10 and has touched a high and low of Rs. 4345.05 and Rs. 4269.10 respectively. So far 423 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5170.85 on 22-Nov-2022 and a 52 week low of Rs. 2984.40 on 12-May-2022. Last one week high and low of the scrip stood a...
SKF India surges as the company to acquire 26% stake in Cleanmax Taiyo
SKF India surges as the company to acquire 26% stake in Cleanmax Taiyo
Source: Accord Fintech
20/03/2023 1:13:59 PM
SKF India soars on inking contracts with two pulp & paper manufacturers SKF India is currently trading at Rs. 4578.05, up by 78.25 points or 1.74% from its previous closing of Rs. 4499.80 on the BSE. The scrip opened at Rs. 4529.55 and has touched a high and low of Rs. 4600.00 and Rs. 4528.95 respectively. So far 642 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5170.85 on 22-Nov-2022 and a 52 week low of Rs. 2984.40 on 12-May-2022. Last one week high and low of the scrip stood a...
SKF India soars on inking contracts with two pulp & paper manufacturers
SKF India soars on inking contracts with two pulp & paper manufacturers
Source: Accord Fintech
27/12/2022 3:14:21 PM
Buy SKF India Ltd For Target Rs.5215 - ICICI Direct Decent performance led by better margins… About the stock: SKF India is one of the leading bearing manufacturers known for its deep groove ball bearings and has a presence across the industrial & auto sector. * Auto & industrial have been contributing 50% each to SKF’s topline over the years, with a slight tilt on either side depending on macros * SKF boasts a debt free balance sheet, coupled with consistent RoCE & RoICs upwards of 20% Q2FY23 Results: SKF ...
Buy SKF India Ltd For Target Rs.5215 - ICICI Direct
Buy SKF India Ltd For Target Rs.5215 - ICICI Direct
Source: ICICI Direct Ltd
7/11/2022 3:11:43 PM
SKF India rises on unveiling two-wheeler Centre of Excellence in Bangalore SKF India is currently trading at Rs. 4021.30, up by 22.85 points or 0.57% from its previous closing of Rs. 3998.45 on the BSE. The scrip opened at Rs. 3912.30 and has touched a high and low of Rs. 4037.55 and Rs. 3912.30 respectively. So far 1217 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4245.25 on 16-Dec-2021 and a 52 week low of Rs. 2535.00 on 22-Jul-2021. Last one week high and low of the scrip stood ...
SKF India rises on unveiling two-wheeler Centre of Excellence in Bangalore
SKF India rises on unveiling two-wheeler Centre of Excellence in Bangalore
Source: Accord Fintech
22/07/2022 11:25:58 AM
Buy SKF India Ltd For Target Rs.3,720 - ICICI Direct Decent performance led by better margins… About the stock: SKF India is one of the leading bearing manufacturers known for its deep groove ball bearings and has a presence across the industrial & auto sector * Auto & industrial have been contributing 50-50% to SKF’s topline over the years, with a slight tilt on either side depending on macros * SKF boasts a debt free balance sheet, coupled with consistent RoCE & RoICs upwards of 20% Q4FY22 Results: SKF rep...
Buy SKF India Ltd For Target Rs.3,720 - ICICI Direct
Buy SKF India Ltd For Target Rs.3,720 - ICICI Direct
Source: ICICI Direct
13/05/2022 12:01:47 PM
Buy SKF India Ltd For Target Rs.3,960 - ICICI Direct Solid revenue growth compensates for low gross margin About the stock: SKF India is one of the leading bearing manufacturers known for its deep grove ball bearings and has a presence across industrial & auto sector. * Auto & industrial have been contributing 50-50% to SKF’s topline over the years, with a slight tilt in either side depending on macros * SKF boasts a debt free balance sheet, coupled with consistent RoCE & RoICs upwards of 20%   Q2FY22 Resu...
Buy SKF India Ltd For Target Rs.3,960 - ICICI Direct
Buy SKF India Ltd For Target Rs.3,960 - ICICI Direct
Source: ICICI Direct Ltd
4/12/2021 11:44:36 AM
MTF Stock Pick Buy SKF India Ltd For Target Rs. 3339 - HDFC Securities MTF Stock Pick Buy SKF India Ltd For Target Rs. 3339 - HDFC Securities  TECHNICAL OBSERVATIONS SKFIND is in strong uptrend on Major time frame. After making a life high on 27th JULY 2021 it started correcting and halted near 2728 levels which also coincide with bullish trend line. Today stock has broken out from tight range of consolidation with volumes. It also took multiple support of bullish trend line and resumed its upward momentum along with hug...
MTF Stock Pick Buy SKF India Ltd For Target Rs. 3339 - HDFC Securities
MTF Stock Pick Buy SKF India Ltd For Target Rs. 3339 - HDFC Securities
Source: HDFC Securities Ltd
27/08/2021 12:56:36 PM
Buy SKF India Ltd For Target Rs.3300 - ICICI Direct Industrials keep margins buoyant… About the stock: SKF India is one of the leading bearing manufacturers known for its deep grove ball bearings and has a presence across industrial & auto sector. * Auto & industrial have been contributing 50-50% to SKF’s topline over the years, with a slight tilt in either side depending on macros * SKF boasts a debt free balance sheet, coupled with consistent RoCE & RoICs upwards of 20%.   Q1FY22 Results: SKF repo...
Buy SKF India Ltd For Target Rs.3300 - ICICI Direct
Buy SKF India Ltd For Target Rs.3300 - ICICI Direct
Source: ICICI Direct
16/08/2021 11:45:05 AM
SKF India trades in green on the BSE SKF India is currently trading at Rs. 2330.05, up by 13.40 points or 0.58% from its previous closing of Rs. 2316.65 on the BSE. The scrip opened at Rs. 2316.65 and has touched a high and low of Rs. 2369.95 and Rs. 2316.65 respectively. So far 34 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2514.45 on 24-May-2021 and a 52 week low of Rs. 1425.00 on 15-Jun-2020. Last one week high and low of the scrip stood at...
SKF India trades in green on the BSE
SKF India trades in green on the BSE
Source: Accord Fintech
1/06/2021 10:59:20 AM
Buy SKF India Ltd For Target Rs. 2890 - ICICI Direct Decent performance… SKF reported a strong Q4FY21 performance, which was broadly in line with our estimates for the quarter. Sequentially, the margin profile seems to have cooled off (base being exceptionally high) but they still remain buoyant with respect to the larger picture. The company also announced a final dividend of | 14.5 per share during the quarter. Margins remain buoyant… Revenue for the quarter came in at | 847.5 crore, up 38.9% YoY & 3.5% QoQ (vs. I-d...
Buy SKF India Ltd For Target Rs. 2890 - ICICI Direct
Buy SKF India Ltd For Target Rs. 2890 - ICICI Direct
Source: ICICI Direct
27/05/2021 10:54:26 AM
SKF reports 51% growth in Q4 profit Amidst the pandemic, bearings major SKF India has reported a smart 51 per cent growth in its profit during the fourth quarter period of FY21 ending March 31, 2021. It's profit before tax in the January-March quarter surged to 138.7 crore as compared to Rs 91.8 crore in the same period of previous year as per the unaudited financial results for the period. The revenue from operations of the company for the period also grew to Rs 8,47.53 crore as compared to Rs 610. 21 crore in the pr...
SKF reports 51% growth in Q4 profit
SKF reports 51% growth in Q4 profit
Source: IANS
15/05/2021 12:59:26 PM
Buy SKF India Ltd For Target Rs.2,890 - ICICI Direct Margins surprise, bottomline expands … SKF registered a handsome beat for Q3FY21 across all parameters. The company posted highest ever profitability led by improvement in topline and highest ever gross margins. Revenue for the quarter came in at | 818.7 crore, up 15.7% YoY (vs. I-direct estimate of | 781 crore). We anticipate a strong performance across the auto and industrial segment. Gross margins came in at 46.7%, an expansion of ~ 1230 bps. The significant jump in margins was ...
Buy SKF India Ltd For Target Rs.2,890 - ICICI Direct
Buy SKF India Ltd For Target Rs.2,890 - ICICI Direct
Source: ICICI Direct
3/03/2021 10:50:49 AM
SKF India logs nearly 2-fold rise in Q3 net profit SKF India on Friday reported a nearly twofold growth in its net profit for the quarter ended December at Rs 128.11 crore. During the same period of the last fiscal, the company had reported a net profit of Rs 65.02 crore. The revenue from operations of the company for the period was at Rs 818.72 crore as compared to Rs 703.24 crore in the previous quarter. SKF India Ltd Managing Director Manish Bhatnagar said: "We have responded well to a challenging operating environment with d...
SKF India logs nearly 2-fold rise in Q3 net profit
SKF India logs nearly 2-fold rise in Q3 net profit
Source: IANS
6/02/2021 9:22:18 AM