Is SKF India the Best Stock in Its Sector? A Look at the Numbers
- September 16, 2026
- Posted by: Harsh Piplani
- Category: Market
SKF India CMP Rs 1,513 (16 Sep 2026). Market cap Rs 7,455 Cr. ROE 20.00%. P/E 35.56x versus Industry P/E 47.89x.
Quick Answer
SKF India is one of the names investors compare when screening the Capital Goods sector, built on a 20.00% return on equity and a P/E of 35.56x against an Industry P/E of 47.89x. SKF India Ltd manufactures precision bearings and related components for automotive, industrial and railway applications, and is the Indian listed arm of Sweden’s SKF Group. Whether SKF India is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Capital Goods sector peers, so you can judge that for yourself.
Is SKF India the best stock in its sector? The stock trades on the NSE at Rs 1,513 as of 16 September 2026, within its 52-week range of Rs 1,404.00 to Rs 2,330.13. SKF India Ltd manufactures precision bearings and related components for automotive, industrial and railway applications, and is the Indian listed arm of Sweden’s SKF Group.
SKF India sits in the Capital Goods sector, and its 20.00% ROE and 35.56x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
Also read – Is Abbott India the Best Stock in Its Sector? A Look at the Numbers
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About SKF India
SKF India Ltd manufactures precision bearings and related components for automotive, industrial and railway applications, and is the Indian listed arm of Sweden’s SKF Group. At a market capitalisation of Rs 7,455 Cr, it is tracked as part of the Capital Goods sector on Univest.
Is SKF India the Best Stock in Its Sector?
SKF India makes its case as the best stock in its sector primarily on return on equity and balance sheet strength, combining a 20.00% ROE with a 35.56x P/E against the sector’s 47.89x Industry P/E. SKF India’s 35.56x P/E is below the 47.89x Industry P/E and below Schaeffler India’s in this comparison, despite a comparable 20.00% ROE, making it look relatively inexpensive among precision bearing manufacturers.
| Metric | SKF India |
|---|---|
| CMP (NSE) | Rs 1,513.40 |
| 52-Week High / Low | Rs 2,330.13 / Rs 1,404.00 |
| Market Cap | Rs 7,455 Cr |
| P/E (TTM) vs Industry P/E | 35.56x vs 47.89x |
| P/B | 5.61 |
| ROE | 20.00% |
| EPS (TTM) | Rs 42.41 |
| Dividend Yield | 2.65% |
| Debt to Equity | 0.00 |
Compare SKF India Against Other Capital Goods Sector Stocks
How SKF India Compares Against Its Capital Goods Sector Peers
The table below sets SKF India against 3 other Capital Goods sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 3 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| SKF India | 7,455 | 35.56 | 20.00% | 0.00 |
| Schaeffler India | 61,113 | 48.76 | 20.39% | 0.01 |
| Cummins India | 1,35,024 | 57.04 | 27.87% | 0.00 |
| Thermax | 42,404 | 71.79 | 12.98% | 0.42 |
| Peer average (3 companies) | – | 59.20 | 20.41% | 0.14 |
Against this peer set, SKF India’s 20.00% ROE is below the 20.41% peer average, and its P/E of 35.56x runs below the peer average of 59.20x. SKF India’s 35.56x P/E is below the 47.89x Industry P/E and below Schaeffler India’s in this comparison, despite a comparable 20.00% ROE, making it look relatively inexpensive among precision bearing manufacturers.
What Makes SKF India Worth Watching in Capital Goods
- Well below Industry P/E: A 35.56x P/E against a 47.89x Industry P/E is a discount for a precision bearing manufacturer with 20% ROE.
- Debt free balance sheet: A debt to equity ratio of 0.00 gives SKF India complete flexibility to fund capacity and technology investment.
- Strong ROE: A 20.00% ROE compares closely with Schaeffler India, its main listed bearing peer in this series.
SKF India Valuation: Is It Justified?
SKF India’s 35.56x P/E is below the 47.89x Industry P/E and below Schaeffler India’s in this comparison, despite a comparable 20.00% ROE, making it look relatively inexpensive among precision bearing manufacturers. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Bata India the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track SKF India and other Capital Goods sector stocks.
How to Track SKF India Before You Invest
Before deciding whether SKF India deserves its label as the best stock in its sector for your own portfolio, compare it directly against Capital Goods sector peers using the steps below.
- Open the Univest Screener and search for SKF India to view live price, valuation ratios, and peer comparisons within the Capital Goods sector.
- Compare its P/E, P/B, and ROE against other Capital Goods sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
SKF India earns a place in the best stock in its sector conversation on the strength of a 20.00% ROE and a P/E of 35.56x against a 47.89x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is SKF India the best stock in its sector?
Ans. SKF India has a 20.00% ROE and trades at 35.56x P/E against a 47.89x Industry P/E, and compares below the peer average ROE of 20.41% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of SKF India?
Ans. SKF India was trading at Rs 1,513.40 on the NSE as of 16 September 2026, within its 52-week range of Rs 1,404.00 to Rs 2,330.13.
What sector does SKF India belong to?
Ans. SKF India is classified under the Capital Goods sector on Univest.
How does SKF India compare to its sector peers on P/E?
Ans. SKF India’s P/E of 35.56x is below the 59.20x average of the 3 named peers compared in this article.
What is SKF India’s return on equity?
Ans. SKF India reported a return on equity of 20.00%, which is below the 20.41% average of its named peers in this comparison.
Should I invest in SKF India based on its sector position?
Ans. SKF India’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
