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Model Note · SKF IND (INDUSTRIAL) LTD · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
SKF IND (INDUSTRIAL) LTD Discounted cash flow · base FY26
SKF IND (INDUSTRIAL) LTD
Value per share, this model₹521
CMP 2026-09-10₹2,916.00
Difference(82.1)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of SKF IND (INDUSTRIAL) LTD, built on its filed FY26 consolidated statements. The value is the outcome of the assumptions below and nothing else; it is not a fair value, a target or a recommendation.
Assumptions
Input
This model
Filed reference
Revenue growth, 5 years
8% a year
FY26 —% · 5-yr CAGR —%
EBITDA margin
5.6%
FY26 5.6% · 5-yr average 5.6%
Depreciation · capex, % of revenue
0.9% · 2.7%, fading to 1.2× depreciation
FY26 0.9% · 2.7%
Working capital, % of added revenue · tax
18.1% · 1.6%
66 working-capital days · effective 1.6%
Discount rate
11.00%
1-yr beta 0.36
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(569) · ₹0 · ₹0 cr
FY26 net debt ₹(569) cr
Shares
4.94 crore
4.94 crore today
Source: SEBI results XBRL as filed with BSE/NSE, exchange prices; the reader's assumptions.
Projected cash flow to the firm
₹ crore
FY26
FY27
FY28
FY29
FY30
FY31
Revenue
3,440
3,716
4,013
4,334
4,681
5,055
growth %
—
8.0
8.0
8.0
8.0
8.0
EBITDA
194
208
225
243
262
283
Depreciation
(31)
(33)
(36)
(39)
(42)
(45)
NOPAT
160
172
186
200
216
234
less capex
(94)
(100)
(92)
(82)
(70)
(55)
less working-capital build
—
(50)
(54)
(58)
(63)
(68)
Free cash flow to firm
—
55
76
99
126
157
Present value
52
65
77
88
98
Source: the model; base year as filed.
Every figure is the reader's model over filed numbers · No rating, target or fair value is expressedmarketping.in
Model Note · SKF IND (INDUSTRIAL) LTD · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
380
PV of the terminal value (81% of EV)
1,630
Enterprise value
2,009
less net debt
569
less non-controlling interest
0
add non-operating investments
0
Equity value
2,578
÷ 4.94 crore shares
₹521
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
535
568
608
656
716
10.5%
501
528
561
599
647
11.0%
472
495
521
553
591
11.5%
446
466
488
515
546
12.0%
424
441
460
482
508
Source: the model; n/a where terminal growth reaches the discount rate.
Statement
This note is the reader's own model over publicly filed information: SEBI results XBRL filed with BSE and NSE and exchange price data, assembled by MarketPing software; every assumption above is the reader's. It contains no research recommendation, no price target and no opinion by MarketPing on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Historical per-share figures are on the current share count. Where a figure is unavailable the table shows a dash rather than an estimate. Nothing here constitutes investment advice, an offer or a solicitation.
Every figure is the reader's model over filed numbers · No rating, target or fair value is expressedmarketping.in
