SKF INDIA LTD

Manufactures and sells bearings, which constitute 100% of the business. FY26 revenue was Rs 3,763.39 crore, with full-year sales of Rs 20.3bn growing 12.7% and Q4 FY26 sales at Rs 5.55bn — the highest quarterly in the year. The sales mix is split across original equipment (OE) at 66%, distribution at 20%, exports at 8%, and SKF Industrial trading at 6%; OE sales grew 20% in FY26 and led the growth. Customers are automotive OEMs across two-wheelers, three-wheelers, passenger vehicles and commercial vehicles — with named awards and wins from TVS Motors, Honda Motorcycles and Suzuki Motorcycles — along with industrial buyers and aftermarket channels. The EV portfolio spans motor bearings, wheel hub bearings, high-speed bearings and electric insulation, contributing about 6% of two-wheeler revenue and 4% of passenger vehicle revenue, with an order book extending to 2030. Manufacturing is based at Bangalore and Haridwar plants, with capacity additions planned at Haridwar and Pune; the company has committed Rs 500 crore capex over FY26-28 (~Rs 200 crore in FY27). Materials at 29.8% of revenue are the largest cost line, followed by other operating expenses at 20.6% and employee costs at 7.5%.