SKF India Ltd. share price target

ICICI Securities Ltd | Retail Equity Research SKF India's (SKF) Q4FY16 topline decline marginally by 1.2% YoY to | 608.3 crore, below our estimate of | 635.4 crore, as volumes...

SKF, with adequate capacity headroom, is well positioned to capitalize oneconomic recovery: With an up-tick in the economy, aided by Indian government's industry friendly policies coupled with RBI's initiative to cut interest rates resulting in lower lending rates, manufacturing sector is feeling re-energized. And bearing, being the basic requirement in manufacturing sector and SKF, being the market leader with ~ 28% market share & 15% headroom in capacity utilization, is more than well placed to capitalize on the much anticipated revival in the economy.