SKF India (Industrial) Limited (SKFINDUS)
₹2,514.60 +0.17% last close, 16 Oct
Latest quarterly results (Q3 FY26)
In its latest reported quarter, Q3 FY26, SKF India's revenue was ₹861 Cr, and net profit ₹-50.0 Cr; the operating margin was 12.4%.
| Q3 FY26 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹861 | — | — |
| Operating profit | ₹107 | — | — |
| Net profit | ₹-50.0 | — | — |
| EPS (₹) | -10.13 | — | — |
| Operating margin | 12.4% | — | — |
SKFINDUS delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 38.47% of the SKFINDUS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 52.55%. That is lower than usual for this stock. Volume was 0.2 times its average, well below normal. 2 bulk or block deals were reported in SKFINDUS in the last 60 days: ₹154 Cr bought, none sold.
Delivery in the last 5 sessions: 55.5% · 63.3% · 46.8% · 48.4% · 38.5%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 18 Sep | Buy | Vanguard Total International Stock Index Fund | ₹77.94 Cr | ₹2,984.60 | 261,148 | Bulk |
| 18 Sep | Buy | Vanguard Emerging Markets Stock Index Fund A Series Of Vieif | ₹75.87 Cr | ₹2,984.60 | 254,214 | Bulk |
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
Shareholders of SKF India (Industrial) Limited have approved the appointment of Mr. Mukund Vasudevan as a Non-Executive, Non-Independent Director via Postal Ballot, with results declared on 15th October 2026. Mr. Vasudevan previously resigned as Managing Director on 31st August 2026, and his new role is effective from 1st September 2026. Vasudevan brings over 25 years of experience in strategy and P&L management, holding degrees from IIT Bombay and the University of Chicago. This completes the formal governance process following earlier board recommendations from 11th August 2026.
- Shareholder approval declared on 15th October 2026 via Postal Ballot
- Mukund Vasudevan transitioned from Managing Director (resigned 31st August 2026) to Non-Executive Director
- Appointment effective from 1st September 2026
- Executive possesses 25+ years of operational, M&A, and P&L management experience
Shareholders of SKF India (Industrial) Limited have approved the re-designation of Mr. Sujeeth Pai from Whole-Time Director to Managing Director via postal ballot results declared on 15th October 2026. The appointment is for a tenure of 5 consecutive years, effective retrospectively from 1st September 2026. Mr. Pai holds an MBA from ISB and brings over 20 years of multidimensional industry experience. The operational leadership continuity follows previous board recommendations made on 11th August 2026.
- Shareholders approved appointment of Mr. Sujeeth Pai as Managing Director for a term of 5 consecutive years
- Appointment effective from 1st September 2026, approved via postal ballot on 15th October 2026
- Earlier recommended by the Board of Directors on 11th August 2026
- Mr. Sujeeth Pai brings over 20 years of experience with an engineering degree from P.E.S.I.T and an MBA from ISB
SKF India (Industrial) Limited announced the results of its Postal Ballot concluded on October 15, 2026. Shareholders approved the redesignation of Mr. Sujeeth Pai from Whole-Time Director to Managing Director for a 5-year term starting September 1, 2026, with 99.75% votes in favor. Additionally, members approved the appointment of outgoing MD Mr. Mukund Vasudevan as a Non-Executive Director with 99.75% majority. A total of 41,133,196 votes were polled, representing 83.20% of outstanding shares.
- Appointment of Sujeeth Pai as Managing Director approved for a 5-year term effective September 1, 2026
- Approval for Sujeeth Pai's appointment passed with 99.7533% votes in favor (41,031,735 votes)
- Appointment of former MD Mukund Vasudevan as Non-Executive Director passed with 99.7500% votes in favor
- Total remote e-voting turnout stood at 83.2016% of total outstanding shares (41,133,196 votes polled)
SKF India (Industrial) Limited has issued a Postal Ballot Notice to seek shareholder approval for key management appointments. The company proposes changing the designation of Mr. Sujeeth Pai from Whole-Time Director to Managing Director for a 5-year term starting 1st September 2026. Additionally, shareholder approval is sought to appoint Mr. Mukund Vasudevan as a Non-Executive Director effective 1st September 2026. The remote e-voting window opens on 16th September 2026 and closes on 15th October 2026.
- Proposed re-designation of Mr. Sujeeth Pai to Managing Director for a term of 5 years from 1st September 2026
- Appointment of Mr. Mukund Vasudevan as Non-Executive Director w.e.f. 1st September 2026
- Remote e-voting period runs from 16th September 2026 (9:00 am) to 15th October 2026 (5:00 pm)
- Voting cut-off date fixed as Friday, 4th September 2026
- Mr. Sujeeth Pai's last drawn monthly remuneration reported at INR 2,111,695 per month
SKF India (Industrial) Limited has redesignated Mr. Sujeeth Pai as Managing Director for a period of 5 years effective September 1, 2026, subject to shareholder approval. He replaces Mr. Mukund Vasudevan, who stepped down following an internal role transition within the broader SKF Group. Mr. Pai ceased to be a Whole-Time Director on August 31, 2026, and brings over 20 years of industry experience to the role. The company will seek requisite shareholder approval within 3 months as per SEBI regulations.
- Mr. Sujeeth Pai appointed as Managing Director for a 5-year term effective September 1, 2026
- Predecessor Mr. Mukund Vasudevan stepped down due to an internal role change within the SKF Group
- Company to seek shareholder approval within 3 months under Regulation 17(1C) of SEBI LODR
- Mr. Pai holds a Mechanical Engineering degree from PESIT and an MBA from ISB Hyderabad with over 20 years of experience
SKF India (Industrial) Limited announced a board restructuring effective September 1, 2026. Mr. Mukund Vasudevan resigned as Managing Director at the close of business on August 31, 2026, and transitioned to the role of Non-Executive, Non-Independent Director starting September 1, 2026. The appointment is subject to shareholder approval, which will be sought within 3 months under SEBI LODR Regulation 17(1C).
- Resignation as Managing Director effective from closure of business hours on August 31, 2026
- Appointed as Non-Executive, Non-Independent Director effective September 1, 2026
- Shareholder approval to be sought within 3 months pursuant to Regulation 17(1C)
- Mr. Mukund Vasudevan brings 25+ years of cross-border executive experience
SKF India (Industrial) Limited announced that Mr. Mukund Vasudevan has stepped down from the role of Managing Director and member of board committees, effective from the close of business hours on August 31, 2026. The resignation is pursuant to a transition into a new role within the broader SKF Group. The company confirmed there are no other material reasons for his departure. Investors will monitor subsequent announcements regarding the appointment of a successor to lead executive operations.
- Resignation of Managing Director Mr. Mukund Vasudevan effective August 31, 2026
- Departure driven by a role change within the global/parent SKF Group
- Formal resignation letter submitted on August 04, 2026 with no other material reasons cited
- Follows initial intimation provided on August 11, 2026
In its inaugural Q1 FY2026-27 earnings call following the demerger, SKF India (Industrial) Limited shared details on its strategic roadmap, targeting to double its business over the next five years. The company disclosed planned investments of ₹800 to ₹950 crore (primarily ₹850-900 crore for a new manufacturing facility and line transfers) with an expected payback period of 5 to 7 years. Operationally, it added a new tapered roller bearing line in Pune capable of producing 3 million units annually. Additionally, Sujeeth Pai will take over as Managing Director effective September 1, 2026, as Mukund Vasudevan transitions to a broader regional leadership role within the SKF Group.
- Outlined capital expenditure plan of ₹800 to ₹950 crore (₹850-900 crore factory setup) with a 5-7 year payback period
- Targeting to double the industrial business over the next five-year horizon
- Commissioned a new tapered roller bearing line in Pune with a capacity of 3 million units annually
- Announced leadership succession with Sujeeth Pai appointed as Managing Director effective September 1, 2026
SKF India (Industrial) Limited has submitted the audio recording of its Analyst and Institutional Investor Meeting held on August 14, 2026, at 11:00 AM IST. The call discussed the company's financial results for the first quarter ended June 30, 2026. The recording is publicly accessible on the company's website in compliance with Regulation 30 of SEBI LODR Regulations.
- Audio recording made available for the investor call held on 14th August 2026 at 11:00 am IST
- Meeting covered financial results for the quarter ended 30th June 2026
- Disclosure submitted pursuant to Regulation 30 of SEBI LODR Regulations
SKF India (Industrial) reported a revenue of ₹970.8 crore for Q1 FY27, representing an 18.3% YoY growth driven by strong performance in the wind, general machinery, and agriculture segments. Profit Before Tax (PBT) reached ₹86.9 crore with a 9.0% margin, though margins contracted by 56 bps sequentially due to forex losses. The company secured major contracts totaling ₹175 crore in the wind and agri sectors and operationalized a new 3-million-unit annual capacity line for Tapered Roller Bearings. Management committed to a long-term investment plan of ₹800-950 crore through 2030 to enhance localization and manufacturing capabilities.
- Revenue grew 18.3% YoY to ₹9,708 million (₹970.8 crore) in Q1 FY27.
- Announced a long-term growth investment plan of ₹800-950 crore through 2030.
- Secured a ₹140 crore contract with a global gearbox OEM in the wind segment.
- Operationalized a new manufacturing line adding 3 million units of annual capacity for Tapered Roller Bearings.
- PBT margin stood at 9.0%, impacted by a 56 bps sequential decline due to forex losses.
SKF India (Industrial) Limited concluded its 2nd Annual General Meeting on August 13, 2026, with shareholders approving all 12 proposed resolutions. A final dividend of ₹10 per equity share (100% of face value) was declared for the financial year ended March 31, 2026. Crucially, shareholders ratified material related party transactions with several SKF group entities, including the ultimate holding company SKF AB Sweden, which saw a notable 13.55% of votes cast against it. Other resolutions, including the adoption of FY26 financial statements and auditor appointments, passed with near-unanimous support.
- Approved a final dividend of ₹10 per equity share for the financial year ended March 31, 2026
- Shareholders approved material related party transactions with 6 different SKF group entities
- Resolution for transactions with SKF AB Sweden (Ultimate Holding Company) passed with 86.45% votes in favor
- Special resolution for Independent Director remuneration exceeding 50% of total NED pay passed with 99.60% support
- All 12 resolutions, including the adoption of FY26 audited financial statements, were passed with requisite majority
SKF India (Industrial) Limited has announced the appointment of Sujeeth Pai as its new Managing Director, effective September 1, 2026, subject to shareholder approval. He succeeds Mukund Vasudevan, who will transition to a regional role as President for the Industrial Region covering India, Southeast Asia, and the Middle East. This change is part of a governance restructuring to separate regional strategic oversight from India-focused operational leadership. Pai brings over four years of internal SKF leadership experience and a background in sales and operations from Danfoss and Tektronix.
- Sujeeth Pai to take over as Managing Director effective September 1, 2026
- Appointment approved by the Board of Directors on August 11, 2026
- Outgoing MD Mukund Vasudevan moves to a regional role covering India, SE Asia, and Middle East
- Sujeeth Pai has over 4 years of leadership experience within the SKF organization
- SKF Group reported annual sales of SEK 91,583 million for the year 2025
SKF India (Industrial) Limited reported a strong 18.3% YoY revenue growth to ₹970.77 crore for Q1 FY27, driven by demand in Wind, General Machinery, and Agriculture sectors. However, Profit After Tax (PAT) declined by 13.8% YoY to ₹61.92 crore, impacted by currency headwinds and one-off demerger-related expenses. Profit Before Tax (PBT) margins compressed significantly by 288 basis points to 9.0% compared to 11.8% in the year-ago period. This represents the company's third quarter operating as a focused, independent industrial entity.
- Revenue from operations increased 18.3% YoY to ₹970.77 crore (₹9,707.7 million).
- Profit Before Tax (PBT) declined 10.5% YoY to ₹86.92 crore from ₹97.09 crore.
- PAT margin contracted to 6.4% from 8.8% in the corresponding quarter of the previous year.
- Quarter-on-quarter revenue grew 2.6% compared to ₹945.72 crore in Q4 FY26.
- PAT fell 47.9% on a sequential (QoQ) basis from ₹118.96 crore in the previous quarter.
SKF India (Industrial) Limited has announced that Mr. Mukund Vasudevan has tendered his resignation as Managing Director, effective from the closure of business hours on August 31, 2026. The resignation is due to a role change within the broader SKF Group, and Mr. Vasudevan confirmed there are no other material reasons for his departure. The Board of Directors took note of the resignation at its meeting held on August 11, 2026.
- Managing Director Mukund Vasudevan resigns effective closure of business hours on August 31, 2026
- Resignation is pursuant to a change in role within the SKF Group
- Resignation letter submitted on August 04, 2026 and noted by Board on August 11, 2026
- No other material reason cited for the resignation
SKF India (Industrial) Limited has appointed Ms. Anagha Godse as the Internal Auditor of the company, effective August 11, 2026. Ms. Godse is a qualified Cost and Management Accountant (CMA) and a Certified Fraud Examiner (CFE) with approximately 27 years of experience. Her background includes finance, costing, and risk management within the automotive and industrial sectors. This appointment was approved by the Board following a recommendation from the Audit Committee.
- Appointment of Ms. Anagha Godse as Internal Auditor effective from August 11, 2026
- Appointee brings approximately 27 years of post-qualification experience in finance and audit
- Qualifications include being a Cost and Management Accountant (CMA) and a Certified Fraud Examiner (CFE, USA)
- Experience includes leading operational and compliance audits in automotive and industrial sectors
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents. The company was recently listed on December 5, 2025, and current filings do not contain segment-wise revenue data.
Geographic Revenue Split
Not disclosed in available documents. Registered office is located in Pune, Maharashtra, but regional revenue distribution is not provided.
Profitability Margins
Not disclosed in available documents. Financial statements for the period ending December 31, 2025, were not included in the provided text.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Growth Strategy
Not disclosed in available documents. The company recently completed its listing on December 5, 2025, but specific strategic roadmaps for CAGR growth are not detailed in the provided compliance certificates.
Products & Services
Not disclosed in available documents. While the company name 'SKF India (Industrial) Limited' implies industrial bearings and solutions, specific product lines are not listed.
Brand Portfolio
SKF
Strategic Alliances
Not disclosed in available documents. The company utilizes MUFG Intime India Private Limited as its Registrar and Share Transfer Agent (RTA).
External Factors
Industry Trends
Not disclosed in available documents. The company operates in the industrial sector, but specific trends or technology shifts are not discussed in the provided share-transfer compliance documents.
Competitive Moat
Not disclosed in available documents. Competitive advantages related to the SKF brand or industrial positioning are not detailed in the provided text.
Regulatory & Governance
Industry Regulations
Not disclosed in available documents. The provided documents focus exclusively on SEBI (Depositories and Participants) Regulations, 2018, which are excluded per instructions.
Legal Contingencies
Not disclosed in available documents. No pending court cases or labor disputes are mentioned in the provided compliance certificates.
Risk Analysis
Risk analysis not yet available for this company.
