SKF India Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis

April 2024 | 50 pages | ID: SA9607DFDFCBEN
BAC Reports

Abstracts

SKF India Ltd. Fundamental Company Report provides a complete overview of the company’s affairs. All available data is presented in a comprehensive and easily accessed format. The report includes financial and SWOT information, industry analysis, opinions, estimates, plus annual and quarterly forecasts made by stock market experts. The report also enables direct comparison to be made between SKF India Ltd. and its competitors. This provides our Clients with a clear understanding of SKF India Ltd. position in the Heavy Machinery Industry.

• The report contains detailed information about SKF India Ltd. that gives an unrivalled in-depth knowledge about internal business-environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history.
• Another part of the report is a SWOT-analysis carried out for SKF India Ltd.. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it.
• The SKF India Ltd. financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and company’s long-term solvency. This sort of company's information will assist and strengthen your company’s decision-making processes.
• In the part that describes SKF India Ltd. competitors and the industry in whole, the information about company's financial ratios is compared to those of its competitors and to the industry. The unique analysis of the market and company’s competitors along with detailed information about the internal and external factors affecting the relevant industry will help to manage your business environment. Your company’s business and sales activities will be boosted by gaining an insight into your competitors’ businesses.
• Also the report provides relevant news, an analysis of PR-activity, and stock price movements. The latter are correlated with pertinent news and press releases, and annual and quarterly forecasts are given by a variety of experts and market research firms. Such information creates your awareness about principal trends of SKF India Ltd. business.

About SKF India Ltd.

SKF Bearings India Ltd (SKF India or the Company) is a part of the SKF Group (SKF or the Group), a global supplier of rolling bearing and seals. Along with a varied range of products it also offers extensive solutions and services in this area. SKF has an increasingly important position in the market for linear motion products, high precision bearings, spindles and spindle services for the machine tool industry, electrical actuators, actuation systems and is an established producer of rolling bearing steel.

SKF India locally manufactures a product range comprising about 60 sizes of Deep Groove Ball Bearings, 70 sizes of Taper Roller Bearings, Textile machinery Components, Automotive Specials, bearing accessories like housings, sleeves etc to cater to the needs of the Automotive, Electrical and Industrial OEMs and aftermarket customers. Annual installed capacity of the Company is 71 million Ball and Roller Bearings. The major user industries of antifriction bearings are automobiles, general engineering, railways, electrical equipments etc.

SKF India's associate company, CR Seals India Pvt. Ltd. a wholly owned subsidiary of AB SKF Sweden offers customers complete sealing solutions based on CR's leading edge technology.

The SKF business is organized into seven divisions: Industrial, Automotive, Electrical, Service, Seals, Steel and Aerospace and other businesses. SKF also offers aftermarket solutions. In addition to its comprehensive range of bearings being manufactured in the Pune or Bangalore plants, or imported to India from any of the Group’s overseas plants, SKF is also offering a wide range of bearing related products and systems, such as Condition Monitoring Systems for Trouble-free Operations, Linear Motion products, Machine Tool Spindle maintenance etc.

SKF India Business Units

The company has organized itself into five Business Units, each responsible for sales, marketing, manufacturing, product development and related support functions in the respective areas. They include Automotive Business Unit (ABU); Electrical Business Unit (EBU); Industrial Business Unit (IBU); Service Business Unit (SBU); and Textile Machinery Component Business Unit (TBU).

Automotive Business Unit (ABU): ABU provides Product Development, production of Taper Roller Bearings, HUB bearing units and sales of bearings and related products to all vehicle manufacturers in the car, light & heavy truck, bus & tractor segments in OEM segment of the automotive industries; Sales to replacement vehicle service market (VSM) of 2 & 3 wheelers, cars, trucks & tractors and replacement requirements of home appliances like fans, washing machines, power tools, mono-block electric motor and water pumps; Development & sales of Vehicle After Market Kits for the Indian vehicle after market; and globally and in India also, SKF range in VSM includes, besides standard ball & taper Roller Bearings; wheel bearings, water pumps, timing belt kits, belt tensioners, MacPherson suspension bearings and other automotive special products. For more than 90 years SKF has been supplying car manufacturers around the world with high quality bearings.

Electrical Business Unit (EBU): The SKF India Electrical Business Unit (EBU) is structured in line with the SKF Group's Electrical Division. EBU provides Product Development and production of all Deep Groove Ball Bearings, in India; and sales of bearings and related products to manufacturers of two & 3 wheelers, electric motors, household appliances, auto electricals and fuel injection equipments for cars & trucks, tractors; power tools and office machinery.

Industrial Business Unit (IBU): SKF India Industrial Business Unit provides Sales to industrial OEM customers; Operation focus on segemnts like, Railways, Machine Tools Spindles, Linear Motion and Automation, Couplings, Bearings Accessories like Housings, Sleeves; and developing special products and subassemblies with Bearings for selected customer applications.

The Company also has focus for Railway, Linear Motion Products, Machine Tools Spindles and SKF Bearings accessories.

Service Business Unit (SBU): SKF India Service Business Unit is responsible for sales of bearings and other related products to the Industrial End-User customers. The Service Division is also responsible for sales to the Industrial aftermarket via network of Recognised Industrial Distributors throughout India. The Division supports industrial customers with knowledge-based service solutions to optimize plant asset efficiency through its SKF Reliability Systems.

SKF Reliability Systems is a part of the Division offers the following services to the customers: Mechanical Services; Predictive Maintenance; Integrated Maintenance Solution; and Condition Monitoring Products & Solution.

Customer Service is a part of the Division deals with logistics support, which covers order booking and related matters for speedy processing of customer orders.

Textile Machinery Component Business Unit (TBU): SKF India Textile Business Unit is engaged in the manufacture and sale of precision textile machinery components to all OEM customers like Laxmi Machinery Works, Kirloskar Toyoda Textile Machinery Limited, Jeetstex Engineering Ltd. and most textile mills; and sale to spindle manufacturers and drafting conversion manufacturers. The business unit has introduced new products like PK 2000 and PK 1500 series weighting arms for spindle frames in 2001.

The business unit also helps customers/ textile mills modernize existing machines. The business unit operates a factory at Chinchwad, Pune within the bearing factory for manufacturing various products. The sales organization has its head office and customer handling located at Pune with regional representatives in Coimbotore, Delhi and Ahmedabad.

The above Company Fundamental Report is a half-ready report and contents are subject to change.
It means that we have all necessary data in our database to prepare the report but need 2-3 days to complete it. During this time we are also updating the report with respect to the current moment. So, you can get all the most recent data available for the same price. Please note that preparation of additional types of analyses requires extra time.

Contents

RESEARCH METHODOLOGY

DISCLAIMER

1. SKF INDIA LTD. COMPANY PROFILE

1.1. Key facts
1.2. Financial Performance
1.3. Key Executives
1.4. Ownership and Major Holders
1.5. Company History

2. SKF INDIA LTD. BUSINESS OVERVIEW

2.1. Business Description
2.2. Major Products and Services
2.3. Markets and Sales Activities
2.4. Locations, Subsidiaries, Operating Units

3. SKF INDIA LTD. SWOT ANALYSIS

3.1. Overview
3.2. Strengths
3.3. Weaknesses
3.4. Opportunities
3.5. Threats

4. SKF INDIA LTD. FINANCIAL ANALYSIS

4.1. Financial Statements
4.1.1. Income Statement
4.1.2. Balance Sheet
4.1.3. Cash Flow
4.2. Financial Ratios
4.2.1. Profitability
4.2.2. Margin Analysis
4.2.3. Asset Turnover
4.2.4. Credit Ratios
4.2.5. Long-Term Solvency
4.2.6. Growth Over Prior Year
4.2.7. Financial Ratios Charts
4.3. Stock Market Snapshot

5. SKF INDIA LTD. COMPETITORS AND INDUSTRY ANALYSIS

5.1. SKF India Ltd. Direct Competitors
5.2. Comparison of SKF India Ltd. and Direct Competitors Financial Ratios
5.3. Comparison of SKF India Ltd. and Direct Competitors Stock Charts
5.4. SKF India Ltd. Industry Analysis
5.4.1. Heavy Machinery Industry Snapshot
  5.4.2. SKF India Ltd. Industry Position Analysis

6. SKF INDIA LTD. NEWS & EVENTS

6.1. News & PR Activity Analysis
6.2. IR Corporate News
6.3. Marketing News
6.4. Corporate Events

7. SKF INDIA LTD. EXPERTS REVIEW¹

7.1. Experts Consensus
7.2. Experts Revisions

8. SKF INDIA LTD. ENHANCED SWOT ANALYSIS²

9. INDIA PESTEL ANALYSIS²

9.1. Political Factors
9.2. Economic Factors
9.3. Social Factors
9.4. Technological Factors
9.5. Environmental Factors
9.6. Legal Factors

10. SKF INDIA LTD. IFE, EFE, IE MATRICES²

10.1. Internal Factor Evaluation Matrix
10.2. External Factor Evaluation Matrix
10.3. Internal External Matrix

11. SKF INDIA LTD. PORTER FIVE FORCES ANALYSIS²

12. SKF INDIA LTD. VRIO ANALYSIS²

APPENDIX: RATIO DEFINITIONS

LIST OF FIGURES

SKF India Ltd. Annual Revenues in Comparison with Cost of Goods Sold and Gross Profit
Profit Margin Chart
Operating Margin Chart
Return on Equity (ROE) Chart
Return on Assets (ROA) Chart
Debt to Equity Chart
Current Ratio Chart
SKF India Ltd. 1-year Stock Charts
SKF India Ltd. 5-year Stock Charts
SKF India Ltd. vs. Main Indexes 1-year Stock Chart
SKF India Ltd. vs. Direct Competitors 1-year Stock Charts
SKF India Ltd. Article Density Chart

1 – Data availability depends on company’s security policy.
2 – These sections are available only when you purchase a report with appropriate additional types of analyses.
The complete financial data is available for publicly traded companies.

List Of Tables

LIST OF TABLES

SKF India Ltd. Key Facts
Profitability
Management Effectiveness
Income Statement Key Figures
Balance Sheet Key Figures
Cash Flow Statement Key Figures
Financial Performance Abbreviation Guide
SKF India Ltd. Key Executives
SKF India Ltd. Major Shareholders
SKF India Ltd. History
SKF India Ltd. Products
Revenues by Segment
Revenues by Region
SKF India Ltd. Offices and Representations
SKF India Ltd. SWOT Analysis
Yearly Income Statement Including Trends
Income Statement Latest 4 Quarters Including Trends
Yearly Balance Sheet Including Trends
Balance Sheet Latest 4 Quarters Including Trends
Yearly Cash Flow Including Trends
Cash Flow Latest 4 Quarters Including Trends
SKF India Ltd. Profitability Ratios
Margin Analysis Ratios
Asset Turnover Ratios
Credit Ratios
Long-Term Solvency Ratios
Financial Ratios Growth Over Prior Year
SKF India Ltd. Capital Market Snapshot
SKF India Ltd. Direct Competitors Key Facts
Direct Competitors Profitability Ratios
Direct Competitors Margin Analysis Ratios
Direct Competitors Asset Turnover Ratios
Direct Competitors Credit Ratios
Direct Competitors Long-Term Solvency Ratios
Heavy Machinery Industry Statistics
SKF India Ltd. Industry Position
Company vs. Industry Income Statement Analysis
Company vs. Industry Balance Sheet Analysis
Company vs. Industry Cash Flow Analysis
Company vs. Industry Ratios Comparison
SKF India Ltd. Consensus Recommendations¹
Analyst Recommendation Summary¹
Price Target Summary¹
Experts Recommendation Trends¹
Revenue Estimates Analysis¹
Earnings Estimates Analysis¹
Historical Surprises¹
Revenue Estimates Trend¹
Earnings Estimates Trend¹
Revenue Revisions¹

ANALYSIS FEATURES

SWOT Analysis

SWOT, which stands for Strengths, Weaknesses, Opportunities and Threats, is an analytical framework that identifies the internal and external factors that are favorable and unfavorable for a company.

Enhanced SWOT Analysis

Enhanced SWOT is a 3×3 grid that arranges strengths, weaknesses, opportunities and threats into one scheme:

• How to use the strengths to take advantage of the opportunities?
• How to use the strengths to reduce likelihood and impact of the threats?
• How to overcome the weaknesses that obstruct taking advantage of the opportunities?
• How to overcome the weaknesses that can make the threats a reality?

Upon answering these questions a company can develop a project plan to improve its business performance.

PESTEL Analysis

PESTEL (also termed as PESTLE) is an ideal tool to strategically analyze what influence different outside factors – political, economic, sociocultural, technological, environmental and legal – exert on a business to later chart its long term targets.

Being part of the external analysis when carrying out a strategic assessment or performing a market study, PESTEL gives an overview of diverse macro-environmental factors that any company should thoughtfully consider. By perceiving these outside environments, businesses can maximally benefit from the opportunities while minimizing the threats to the organization.

Key Factors Examined by PESTEL Analysis:

• Political – What opportunities and pressures are brought by political bodies and what is the degree of public regulations’ impact on the business?
• Economic – What economic policies, trends and structures are expected to affect the organization, what is this influence’s degree?
• Sociological – What cultural and societal aspects will work upon the demand for the business’s products and operations?
• Technological – What impact do the technological aspects, innovations, incentives and barriers have on the organization?
• Environmental – What environmental and ecological facets, both locally and farther afield, are likely to predetermine the business?
• Legal – What laws and legislation will exert influence on the style the business is carried out?

IFE, EFE, IE Matrices

The Internal Factor Evaluation matrix (IFE matrix) is a strategic management tool helping audit or evaluate major weaknesses and strengths in a business’s functional areas. In addition, IFE matrix serves as a basis for identifying and assessing relationships amongst those areas. The IFE matrix is utilised in strategy formulation.

The External Factor Evaluation matrix (EFE matrix) is a tool of strategic management that is typically utilised to assess current market conditions. It is an ideal instrument for visualising and prioritising the threats and opportunities a firm is facing.

The essential difference between the above mentioned matrices lies in the type of factors incorporated in the model; whilst the latter is engaged in internal factors, the former deals exceptionally with external factors – those exposed to social, political, economic, legal, etc. external forces.

Being a continuation of the EFE matrix and IFE matrix models, the Internal External matrix (IE matrix) rests upon an investigation of external and internal business factors integrated into one suggestive model.

Porter Five Forces Analysis

The Porter’s five forces analysis studies the industry of operation and helps the company find new sources of competitive advantage. The analysis surveys an industry through five major questions:

1. What composes a threat of substitute products and services?
2. Is there a threat of new competitors entering the market?
3. What is the intensity of competitive rivalry?
4. How big is the bargaining power of buyers?
5. How significant is the bargaining power of suppliers?

VRIO Analysis

VRIO stands for Value, Rarity, Imitability, Organization. This analysis helps to evaluate all company’s resources and capabilities and bring them together into one aggregate table that includes:

• Tangible resources
  • Financial
  • Physical
  • Technological
  • Organizational
• Intangible resources
  • Human
  • Innovation and Creativity
  • Reputation
• Organizational capabilities

The result of the analysis gives a clear picture of company’s competitive and economic implications, answering the questions if the resources mentioned above are:

• Valuable?
• Rare?
• Costly to imitate?
• Organized properly?