SKF India is one of India’s oldest and leading ball bearing and related products company. The brand and technology of the company, provided by its global parent company is its key strength as also its product range. Performance of the company is driven by trends in auto and overall industrial activity, both of which have been subdued past few years. Post Covid, we expect a sharp pick up in sales and profits and that is the key reason for neutral weight rating despite stagnant financials for past many years. Competition from imports is a major industry bugbear but with rising cost of Chinese imports, this threat is reduced – 14-05-2021 Price: 2313.25 Rating: Neutral Weight Recommendation: Hold
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