Buy, Sell Or Hold: SKF India, Schaeffler India, NRB Bearings, Timken India, JTEKT India — Analyst Forecast
- September 23, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Analyst Forecast
Sector Snapshot (23 September 2026)
| Stock | LTP (Rs) | 52W High | 52W Low | P/E vs Industry | ROE | Our View |
|---|---|---|---|---|---|---|
| SKF India | 2,885.90 | 3,218.70 | 1,994.10 | 66.46 / 48.33 | 25.15% | Hold |
| Schaeffler India | 4,085.70 | 4,467.70 | 3,518.40 | 50.59 / 48.66 | 20.39% | Buy on Dips |
| NRB Bearings | 541.05 | 548.95 | 212.55 | 33.52 / 48.66 | 14.83% | Buy on Dips |
| Timken India | 3,287.90 | 3,925.00 | 2,800.50 | 56.11 / 48.66 | 14.23% | Hold |
| JTEKT India | 119.99 | 187.95 | 114.82 | 44.56 / 46.47 | 6.48% | Hold |
Quick Answer
Schaeffler India and NRB Bearings stand out among these bearings stocks, both trading close to or below their industry average valuation while delivering healthy return on equity. SKF India posts the strongest return on equity in the group but at the richest multiple, JTEKT India is the cheapest on valuation but also has the weakest return on equity by a wide margin, and Timken India sits in between on both counts.
Bearings makers supply precision components to the automotive, railways and industrial machinery sectors, businesses tied closely to manufacturing activity and capital expenditure cycles. This piece checks five listed bearings stocks on valuation and profitability.
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SKF India: Hold
SKF India, the demerged bearings manufacturing entity, trades at Rs 2,885.90, down about 10% from its 52-week high of Rs 3,218.70. It posts the strongest return on equity in this group at 25.15% with a debt-free balance sheet, but its price-to-earnings ratio of 66.46 is also the richest here, well above the industry average of 48.33. With the premium already reflecting much of that strong profitability, this looks like a hold rather than a fresh buy.
Schaeffler India: Buy on Dips
Schaeffler India is at Rs 4,085.70, down about 9% from its 52-week high of Rs 4,467.70. It combines a healthy return on equity of 20.39% with a price-to-earnings ratio of 50.59 that sits almost exactly at the industry average of 48.66. That balance of solid profitability and a fair valuation makes it one of the more attractive bearings stocks to accumulate on dips.
NRB Bearings: Buy on Dips
NRB Bearings has had a strong run, trading at Rs 541.05, close to a fresh 52-week high after climbing sharply from its low of Rs 212.55. It trades at a price-to-earnings ratio of just 33.52, comfortably below the industry average of 48.66, with a return on equity of 14.83%. That combination of a cheap valuation relative to peers and solid profitability, even after the rally, keeps it among the more attractive bearings stocks to watch.
Timken India: Hold
Timken India trades at Rs 3,287.90, down close to 16% from its 52-week high of Rs 3,925.00. It posts a return on equity of 14.23% with a price-to-earnings ratio of 56.11, above the industry average of 48.66. That gap between a full valuation and moderate profitability keeps this in hold territory rather than a name to add to.
JTEKT India: Hold
JTEKT India is at Rs 119.99, down close to 36% from its 52-week high of Rs 187.95 and just above its low of Rs 114.82. Its price-to-earnings ratio of 44.56 is close to the industry average of 46.47, but a return on equity of just 6.48%, the weakest in this group by a wide margin, means the near-fair valuation is not yet backed by strong profitability. This is a hold to watch for a turnaround rather than a buy on the steep correction alone.
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What Ties These Bearings Stocks Together
Across these bearings stocks, Schaeffler India and NRB Bearings currently offer the more attractive combination of a reasonable to cheap valuation and solid return on equity, while SKF India’s industry-leading profitability comes at the richest multiple in the group. JTEKT India’s steep correction has brought its valuation close to fair, but its weak return on equity keeps it from looking like a clear bargain. Auto and industrial production volumes, along with steel and specialty alloy input costs, can move these numbers from one quarter to the next.
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Conclusion
Bearings stocks in India show a fairly clear split between names whose valuation is backed by strong profitability and those still priced ahead of their current returns. Schaeffler India and NRB Bearings currently look better placed for gradual accumulation among these bearings stocks, while SKF India, Timken India and JTEKT India are more reasonable holds for now. As always, treat this as a starting point rather than a final word.
Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Stock market investments are subject to market risks. Please verify all data independently and consult a SEBI-registered investment adviser before making any investment decisions. Univest Financial Services Private Limited, SEBI Registered Investment Adviser, Registration No. INH000013776.
Frequently Asked Questions
A few common questions on these bearings stocks, answered briefly below for quick reference on this bearings stocks basket.
Which bearings stocks look attractive right now?
Schaeffler India and NRB Bearings currently show the most favourable combination of a reasonable to cheap valuation and solid return on equity among the names covered here.
Why does SKF India trade at such a high valuation?
SKF India posts the strongest return on equity in this group at 25.15%, along with a debt-free balance sheet, which has led the market to price it well above the industry average.
Is NRB Bearings still worth buying after its rally?
Despite trading near a fresh 52-week high, NRB Bearings still carries a price-to-earnings ratio well below the industry average alongside solid return on equity, which keeps it in buy-on-dips territory rather than looking overextended.
Why is JTEKT India’s return on equity so weak?
JTEKT India’s return on equity of 6.48% is the weakest among these bearings stocks, which suggests its steep correction has not yet been matched by a turnaround in profitability.
Does Timken India carry much debt?
No, Timken India has a very low debt-to-equity ratio of 0.01, though its valuation still runs above the industry average relative to its current return on equity.
Where can I track these bearings stocks in real time?
You can track live prices, set price alerts, and follow quarterly results for SKF India, Schaeffler India, NRB Bearings, Timken India and JTEKT India using the Univest iOS App and Univest Android App.
