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Schaeffler India Limited (SCHAEFFLER)

₹3,669.20 +0.52% last close, 16 Oct

📊 NSE: SCHAEFFLER 🏢 Bearings 📢 Latest filing: 15 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Schaeffler India's revenue was ₹2,761 Cr (+17.3% year on year, +6.7% on the previous quarter), and net profit ₹326 Cr (+13.5% year on year); the operating margin was 18.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹2,761	+17.3%	+6.7%
Operating profit	₹499	+16.0%	+4.4%
Net profit	₹326	+13.5%	+3.1%
EPS (₹)	20.80	+13.0%	+2.9%
Operating margin	18.1%	—	—

Full quarterly financials → Results calendar →

SCHAEFFLER delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 49.38% of the SCHAEFFLER shares traded on NSE were taken to delivery, against the stock's own 20-session average of 60.29%. That is lower than usual for this stock.

49.38%Delivery, 16 Oct

60.29%Own 20-session average

0.6×Volume vs its average

₹3,669.20NSE close · +0.52%

Delivery in the last 5 sessions: 52.0% · 63.1% · 65.6% · 69.8% · 49.4%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Schaeffler India Submits Demat Compliance Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 15 Oct 2026, 05:42 PM

Schaeffler India Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate from RTA MUFG Intime India Private Limited covers the quarter ended September 30, 2026. It confirms that all securities received for dematerialisation were processed, confirmed, rejected, or mutilated within the prescribed timelines. This is a recurring administrative filing and holds no financial or operational impact.

Regulation 74(5) compliance certificate submitted for the quarter ended September 30, 2026
Issued by RTA MUFG Intime India Private Limited on October 3, 2026
Filing officially submitted to BSE and NSE on October 15, 2026

💡 No action required. Investors should track upcoming quarterly financial results for business performance updates.

Schaeffler India Outlines ~80% Localization Rate and 15%-20% Export Share Target in Investor Meet

🟡 NEUTRAL ⭐ 3/10

OTHER 📅 05 Oct 2026, 06:27 PM

Schaeffler India released the transcript of its investor group meeting held on September 28, 2026. Management highlighted that domestic business is currently expanding at 14% to 15%, while exports are anticipated to stabilize at 15% to 20% of total revenue. Overall localization has risen to about 80% (up from 60%-65% historically), with the automotive segment localization standing well above 95%. Geographically, exports are diversified across Europe (50%), Southeast Asia (25%), China (13%), and the Americas.

Localization rate has increased from 60%-65% three to four years ago to around 80% currently.
Automotive segment localization exceeds 95% due to Tier 1 local sourcing demands.
Domestic market demand is growing at 14% to 15%, keeping the expected export revenue share between 15% and 20%.
Current export geographic mix is 50% Europe, 25% Southeast Asia, 13% China, and the remainder Americas.

💡 Monitor upcoming quarterly financial prints to assess whether domestic volume momentum sustains the 14%-15% trajectory amidst global macroeconomic headwinds.

Schaeffler India Approves Appointment of Two Directors via Postal Ballot with Over 99.9% Approval

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 25 Sep 2026, 06:53 PM

Schaeffler India announced the approval of postal ballot resolutions for board appointments. Shareholders approved the appointment of Mr. Christophe Hannequin as a Non-Executive Non-Independent Director (99.94% votes in favour) and Mr. Chetan Kumar Maini as an Independent Director (99.99% votes in favour). A total of 14,65,56,785 votes were polled, representing 93.76% of outstanding shares. The voting concluded on September 25, 2026, following e-voting that started on August 27, 2026.

Christophe Hannequin appointed as Non-Executive Non-Independent Director with 99.94% votes in favour (14,64,64,491 votes)
Chetan Kumar Maini appointed as Independent Director with 99.99% votes in favour (14,65,52,085 votes)
Total voter turnout stood at 93.76% of outstanding shares (14,65,56,785 votes polled out of 15,63,03,670 shares)
Institutional shareholder participation was high at 95.09% of eligible institutional voting power

💡 Track subsequent board committee reconstitution and future strategic direction, particularly in EV segments where Chetan Maini holds extensive industry domain experience.

Schaeffler India Approves Appointment of Two Directors via Postal Ballot with Over 99.9% Approval

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 25 Sep 2026, 06:52 PM

Christophe Hannequin appointed as Non-Executive Non-Independent Director with 99.94% votes in favour (14,64,64,491 votes)
Chetan Kumar Maini appointed as Independent Director with 99.99% votes in favour (14,65,52,085 votes)
Total voter turnout stood at 93.76% of outstanding shares (14,65,56,785 votes polled out of 15,63,03,670 shares)
Institutional shareholder participation was high at 95.09% of eligible institutional voting power

💡 Track subsequent board committee reconstitution and future strategic direction, particularly in EV segments where Chetan Maini holds extensive industry domain experience.

Schaeffler India Showcases Motion Technology Portfolio at bauma CONEXPO INDIA 2026

🟡 NEUTRAL ⭐ 3/10

OTHER 📅 15 Sep 2026, 11:13 AM

Schaeffler India announced its participation in bauma CONEXPO INDIA 2026 from September 15–18, 2026, showcasing solutions for the construction and off-highway sectors. The company highlighted its portfolio spanning low-friction X-life bearings, electric motors, electromechanical linear actuators, and sensor technologies. Management emphasized local manufacturing capabilities supported by five Indian plants and an approximate 80% localization level. This is a promotional and industry event filing with no immediate financial orders or capex commitments disclosed.

Participating in bauma CONEXPO INDIA 2026 from September 15–18, 2026
Showcasing low-friction bearings, electric motors, and electromechanical linear actuators
Highlights Indian presence across 5 manufacturing plants and 3 R&D centers
Localization levels in India cited at approximately 80%

💡 Track upcoming quarterly results to assess order book traction and revenue conversion from off-highway and construction OEM client engagements.

Schaeffler Announces Aftermarket Brand Unification; Rollout Starting Q2 2027

🟡 NEUTRAL ⭐ 3/10

OTHER 📅 08 Sep 2026, 02:42 PM

Schaeffler has announced a global aftermarket brand transformation uniting its FAG, INA, and LuK brands under a single Schaeffler corporate brand identity. The phased rollout will begin globally with the FAG brand packaging in Q2 2027, while product specifications, part numbers, and catalog listings remain unchanged. The initiative aims to simplify communications and strengthen cross-selling across its distribution network. With Schaeffler India clocking ₹10,505 Cr in TTM revenue, this global brand alignment from its parent division is strategic but carries no direct immediate financial or capex impact.

Phased global aftermarket brand unification to start in Q2 2027 with FAG product lines
FAG, INA, and LuK brands will remain as supporting identifiers on components and packaging
Product quality, specifications, part numbers, and customer agreements remain unchanged
INA and LuK packaging products will remain unchanged through 2027
Global corporate parent profile includes ~110,000 employees across 250+ locations in 55 countries

💡 Track whether the brand transition in Q2 2027 affects aftermarket distribution efficiency or causes any customer transition friction in Schaeffler India's network.

Schaeffler India posts update on special window for physical shares dematerialization

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 26 Aug 2026, 06:04 PM

Schaeffler India Limited has informed stock exchanges that it posted details regarding a special window for the transfer and dematerialization of physical securities on its official Facebook social media channel. This disclosure follows SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. The announcement is strictly procedural and has no financial or operational impact on the company's core business.

Filing submitted to stock exchanges on August 26, 2026
Issued pursuant to SEBI Circular dated January 30, 2026 (Ref: HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026)
Details of the special window for physical securities transfer/demat shared via Facebook post link

💡 Shareholders holding physical share certificates should review the company's dematerialization process instructions to convert shares into electronic form.

Schaeffler India Issues Postal Ballot Notice for Director Appointments

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 26 Aug 2026, 01:55 PM

Schaeffler India Limited has issued a Postal Ballot notice seeking shareholder approval for the appointment of two board members. The resolutions include the appointment of Mr. Christophe Hannequin (Schaeffler Group CFO) as Non-Executive Non-Independent Director and Mr. Chetan Kumar Maini as Independent Director. Remote e-voting commences on August 27, 2026, and ends on September 25, 2026, with the cut-off date set as August 21, 2026. Results of the postal ballot will be announced on or before September 28, 2026.

Postal ballot notice issued for appointment of two directors effective July 1, 2026
Remote e-voting period open from August 27, 2026 (9:00 AM IST) to September 25, 2026 (5:00 PM IST)
Cut-off date for determining shareholder voting eligibility is Friday, August 21, 2026
Scrutinizer voting results to be declared on or before Monday, September 28, 2026

💡 Eligible shareholders holding shares as of August 21, 2026, may cast their votes via NSDL e-voting before September 25, 2026.

Schaeffler India schedules 1-on-1 meeting with M&G Investments on Aug 24, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 19 Aug 2026, 03:12 PM

Schaeffler India Limited has announced a scheduled one-on-one physical meeting with institutional investor M&G Investments on August 24, 2026, in Pune. The interaction is intended to discuss the company's overall business situation. The company confirmed that no unpublished price sensitive information (UPSI) will be shared during this meeting.

One-on-one institutional investor meeting scheduled with M&G Investments on 24/08/26
Meeting format is an in-person physical interaction in Pune
Discussion focused on general business environment; no UPSI to be shared

💡 Track post-interaction investor presentations or disclosures on the exchanges if any new qualitative industry commentary is released.

Schaeffler India Appoints Amit Bhalerao as COO Effective August 10, 2026

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 07 Aug 2026, 05:27 PM

Schaeffler India has appointed Amit Bhalerao as its Chief Operating Officer (COO), effective August 10, 2026. Bhalerao brings over 23 years of global experience in manufacturing and operations, having previously served as Managing Director and VP of Operations at Kelvion India. He will be responsible for overseeing the company's five manufacturing plants in India and driving the localization strategy, which currently stands at 79%. This leadership change is aimed at strengthening operational excellence for a company with a TTM revenue of Rs 10,097 Cr and a high ROCE of 28.0%.

Amit Bhalerao appointed as COO effective August 10, 2026, bringing 23+ years of experience.
Will oversee manufacturing operations across 5 Indian plants: Talegaon, Savli, Maneja, Hosur, and Shoolagiri.
Tasked with accelerating localization initiatives, which reached 79% in Q3 2025.
Previous experience includes leadership roles at Kelvion India, Cummins, Eaton, and Sterlite Technologies.
Joins the Executive Leadership Team to drive digital transformation and manufacturing strategy.

💡 Watch for any shifts in operational efficiency or margin improvements in upcoming quarters, as the new COO focuses on 'sweating assets' and digital transformation to maintain the current 18.3% OPM.

17.5% Revenue Growth in Q2 CY26; Automotive Outperforms Market Despite PV Slump

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 28 Jul 2026, 06:26 PM

Schaeffler India reported a strong Q2 CY26 with revenue of 2,681 cr, up 17.5% YoY. The Automotive Technologies segment was a standout, growing 33.3% YoY and gaining market share as it grew 3.6% while the broader passenger vehicle market declined by 8%. Management maintained a CY26 capex guidance of 400-500 cr, with 175 cr already spent in H1. The e-commerce subsidiary Koovers is scaling with 80 cr quarterly revenue but is not expected to reach EBITDA breakeven until 2029.

Q2 CY26 revenue reached 2,681 cr, representing a 17.5% YoY and 7% QoQ increase.
Automotive Technologies grew 33.3% YoY, driven by a 20% rise in conventional business and the remainder from e-mobility.
Company outperformed the PV market significantly, growing 3.6% vs a market drop of 8% in June.
CY26 capex target set at 400-500 cr, with 170 cr earmarked for automotive technologies.
Localization rate stands at 79%, with ongoing efforts to increase this to improve cost competitiveness.

💡 Watch for the execution of the remaining 225-325 cr capex in H2 CY26 and monitor if the 33% growth in automotive technology can be sustained as e-mobility nominations ramp up.

Schaeffler India Releases Audio Recording of July 23 Analyst/Investor Meet

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 23 Jul 2026, 02:15 PM

Schaeffler India has made the audio recording of its Analyst/Investor meeting held on July 23, 2026, available to the public. This follows the company's recent quarterly performance (Mar 2026) where it reported a revenue of ‡2,586 cr and a PAT of ‡316 cr. The recording likely covers management's strategy on maintaining its 79% localization rate and its 10% expected growth target. Investors can access the link on the company's official website to review detailed management commentary on the EV segment and industrial demand.

Audio recording of the Analyst/Investor meet held on July 23, 2026, is now publicly available.
Company maintains a high localization rate of 79% as of the latest strategic updates.
Management continues to target a long-term growth rate of approximately 10%.
TTM revenue stands at ‡10,097 cr with a healthy OPM of 18.3%.

💡 Investors should review the recording for specific management commentary on the 'seesaw effect' in the Wind and Railway segments and the integration progress of the Koovers acquisition.

17.5% Revenue Growth in Q2CY26; EBITDA Margins Contract to 19.1% on Geopolitical Costs

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 23 Jul 2026, 10:05 AM

Schaeffler India reported a 17.5% YoY revenue growth to ₹2,681.4 Cr for Q2CY26, driven by strong performance in Automotive Technologies and Exports. However, EBITDA margins contracted to 19.1% from 19.7% a year ago, primarily due to geopolitical pressures on fuel prices and currency depreciation. Free Cash Flow saw a significant 66.3% YoY decline to ₹96.5 Cr, impacted by a sharp rise in working capital (inventories) which reached ₹2,029.1 Cr. The consolidated entity, including the KRSV acquisition, showed a lower EBITDA margin of 18.5% as the new unit remains loss-making at the operating level.

Revenue grew 17.5% YoY to ₹2,681.4 Cr, with domestic business up 16.2% and exports showing double-digit growth.
EBITDA margin compressed by 60 bps YoY to 19.1% due to higher input and geopolitical costs.
Free Cash Flow dropped 66.3% YoY to ₹96.5 Cr, driven by a ₹2,029.1 Cr working capital requirement.
KRSV (Koovers) acquisition contributed ₹79.1 Cr to revenue but posted a -17.3% EBITDA margin, diluting consolidated performance.
Capex for the quarter stood at ₹95.8 Cr, representing approximately 0.95% of TTM revenue.

💡 Monitor the stabilization of working capital and the turnaround of the KRSV (Koovers) business, which is currently diluting consolidated margins. Watch for the impact of monsoon and rural demand on the tractor segment, which grew 24.7% YTD.

17.5% YoY Revenue Growth in Q2 2026; Net Profit Reaches ₹336.7 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 22 Jul 2026, 06:34 PM

Schaeffler India reported a robust 17.5% YoY revenue growth for Q2 2026, reaching ₹2,681.4 cr, driven by strong momentum in Automotive Technologies and Exports. While top-line growth exceeded the company's historical 10% expectation, PBT margins saw a slight contraction to 16.9% from 17.4% YoY due to geopolitical cost pressures. Net profit for the quarter stood at ₹336.7 cr, contributing to a half-year profit of ₹656.4 cr. The company continues to leverage its 79% localization rate to manage earnings quality amid a volatile macro-economic landscape.

Revenue from operations grew 17.5% YoY to ₹2,681.4 cr in Q2 2026
PBT (before exceptional items) increased 13.7% YoY to ₹452.5 cr for the quarter
H1 2026 revenue reached ₹5,188.4 cr, representing 51.4% of the TTM revenue
Net profit for the quarter stood at ₹336.7 cr with a margin of 12.6%
Double-digit growth momentum sustained in Automotive Technologies and Intercompany Exports

💡 Monitor the company's ability to pass through cost pressures in upcoming quarters to restore PBT margins to the 17.4%+ level. Watch for updates on new EV segment business nominations which are critical for long-term growth.

13.7% YoY PAT Growth to ₹336.7 Cr; Amit Bhalerao Appointed as COO

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 22 Jul 2026, 06:18 PM

Schaeffler India reported a healthy 17.3% YoY increase in consolidated revenue to ₹2,760.55 Cr for the quarter ended June 30, 2026. Net profit grew by 13.7% YoY to ₹336.73 Cr, though margins faced slight pressure as total expenses rose 17.6% YoY, primarily driven by a 34.4% jump in raw material costs. The Automotive Technologies segment was the standout performer, growing 33.3% YoY. Additionally, the company appointed Amit Dinesh Bhalerao as Chief Operating Officer to lead global operational excellence initiatives.

Consolidated Revenue from operations rose 17.3% YoY to ₹2,760.55 Cr.
Net Profit for the quarter increased 13.7% YoY to ₹336.73 Cr.
Automotive Technologies segment revenue surged 33.3% YoY to ₹940.28 Cr.
H1 2026 Capex (purchase of property, plant, and equipment) stood at ₹233.19 Cr.
New COO Amit Bhalerao appointed effective August 10, 2026, with 23 years of global experience.

💡 Watch for the new COO's impact on operational efficiencies to counter rising raw material costs and monitor the sustainability of high growth in the Automotive Technologies segment.

View All SCHAEFFLER Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Bearings & Industrial Solutions grew 14.1% in 2024 (contributing 44% of revenue), while Automotive Technologies grew 11.6% (34% of revenue). Vehicle Lifetime Solutions contributed 13% and Intercompany Exports/Others 9%. Standalone revenue for Q3 2025 grew 13.9% YoY to INR 2,360.1 Cr.

Geographic Revenue Split

Exports hover at approximately 15% of total revenue, while domestic business remains the primary focus. Intercompany exports and others contributed 9% to the 2024 revenue mix.

Profitability Margins

PAT margin was 12.1% in 2024 (INR 977.7 Cr) compared to 12.6% in 2023. Standalone PAT margin for Q3 2025 improved to 13.0% (INR 306.7 Cr), a 24% YoY increase from INR 247.1 Cr.

EBITDA Margin

EBITDA margin was 18.5% in 2024 (INR 1,496.9 Cr). Standalone EBITDA margin for Q3 2025 reached 20.2% (INR 476 Cr), up from 18.5% in Q3 2024, driven by volume gains and fixed cost absorption.

Capital Expenditure

2024 Capex was INR 740.5 Cr, up 42.7% from INR 518.9 Cr in 2023. 9M 2025 Capex was INR 267 Cr, focusing on leveraging and sweating existing assets.

Credit Rating & Borrowing

Finance costs decreased 15.8% YoY to INR 3.5 Cr in 2024, indicating low leverage. Specific credit ratings and interest rate percentages were not disclosed in available documents.

⚙️ Operational Drivers

Raw Materials

Steel and traded goods are primary inputs for bearings and engine/transmission products. Traded goods sales are reducing as localization increases.

Capacity Expansion

Manufacturing facility is located in Savli, Gujarat. Current focus is on leveraging existing machines and capacities to generate value rather than aggressive new expansion.

Raw Material Costs

Not disclosed as a specific percentage of revenue; however, localization reached 79% in Q3 2025 (up from 76% in the preceding quarter), reducing dependency on imported traded goods.

Manufacturing Efficiency

Localization rate improved to 79% in Q3 2025. Operating margins improved due to better fixed cost absorption from higher volumes.

Logistics & Distribution

Distribution business is supported by over 150 partners pan-India. Specific costs were not disclosed.

📈 Strategic Growth

Expected Growth Rate

10%

Growth Strategy

Growth will be achieved by leveraging existing assets (sweating machines), increasing localization to 79%+, expanding the distribution network (150+ partners), and securing new business nominations in the EV segment and PV hydraulic tensioners.

Products & Services

Ball and roller bearings, plain bearings, engine and transmission products, clutch applications, dampers, hydraulic tensioners, large-size SRBs, and cast steel housings.

Brand Portfolio

Schaeffler, Koovers (KRSV Innovative Auto Solutions).

New Products/Services

Launched large-size SRBs and Cast Steel Housings for steel, cement, and mining. Secured new business in the EV segment for two-wheelers and hydraulic tensioners in the PV segment.

Market Expansion

Focus on growing domestic market share through 150+ distribution partners and expanding e-commerce channels via the Koovers platform.

Strategic Alliances

Acquisition of KRSV Innovative Auto Solutions (Koovers), an aftermarket e-commerce platform, which achieved sales of INR 158.1 Cr in 2024.

🌍 External Factors

Industry Trends

The industry is shifting toward EV technology and modernized railways (10,000 new LHB coaches planned). Schaeffler is positioning itself as a 'Motion Technology Company' to capture these shifts.

Competitive Landscape

Intense competition in automotive and industrial markets; company focuses on innovative product development to maintain a robust order intake.

Competitive Moat

Moat is built on precision engineering, 'X-life' quality standards, and a high localization rate (79%) which provides cost leadership and supply chain resilience.

Macro Economic Sensitivity

Sensitive to global economic conditions and headwinds which exerted pressure on 2024 margins. Domestic demand is sensitive to GST reforms.

Consumer Behavior

Shift toward passenger convenience in railways and sustainable performance in the automotive sector (EVs).

Geopolitical Risks

Global headwinds and trade barriers are mentioned as factors that could cause actual results to differ from projections.

⚖️ Regulatory & Governance

Industry Regulations

Adheres to local statutory requirements and SEBI Regulation 30 for disclosures. GST reforms are impacting demand anticipation and working capital management.