SKF India Ltd.

NSE: SKFINDIA | BSE: 500472 | ISIN: INE640A01023 | Industry: Abrasives & Bearings
| Mid-range Performer

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SKF India Ltd.
17 May 2019
1737.50
-2.99%
ICICI Securities Limited
Revenues grew a muted 6.4% YoY due to subdued performance of the auto segment. Auto contributed 48% to the topline (including exports contribution of 5%). On the flip side, industrial segment contributed 52% to the topline led by a pick-up in railways, wind energy, heavy industry, construction and cement industry. The management has also indicated at continued growth in the industrial segment led by sectors like off highway, steel, metals, renewables, etc. For Q4FY19, railways contributed 7% to topline (up 25% YoY) led by...
SKF India Ltd. is trading below all available SMAs
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