SKF INDIA sees a downgrade to Neutral on account of less fundamental stars
The independent financial analyst theScreener just lowered the general evaluation of SKF INDIA (IN), active in the Industrial Machinery industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date February 1, 2022, the closing price was INR 3,600.10 and its target price was estimated at INR 3,152.84.SKF India Limited. SKF India Limited (SKF) offers bearing and its components. The Company's business model comprises two streams, which include sales of own manufactured goods and services, and sales of traded goods manufactured by other SKF companies. The Company's segments are domestic and export. It offers SIBCO range of bearing housings and accessories. The product assortment under the SIBCO brand consists of housings, seals, sleeves, locating rings, lock nuts and lock washers. The SIBCO range of solutions are indigenously designed and manufactured in Pune. The Company delivers solutions across every technology area it operates in, including bearings and units, seals, services, lubrication systems and mechatronics. The Company's network has approximately 20,000 touch points comprising distributors, retail partners and mechanic points. The Company also sells products to other SKF legal entities for ultimate sales to external customers in their country.
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