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SKF India

Buy SKF India shares

SKF INDIA (BOM: 500472) Shares

ABOUT SKF INDIA

SKF India Limited is a bearings and components company with its headquarters in Mumbai, Maharashtra. Operations started in India in 1923 and today it provides industry leading automotive and industrial engineered solutions through its five technology-centric platforms: bearings and units, seals, mechatronics, lubrication solutions and services.

The company has evolved from being a pioneer ball bearing manufacturing company to a knowledge-driven engineering company helping customers achieve sustainable and competitive business excellence.

SKF India Limited has an India footprint of 6 manufacturing facilities, 12 offices, a supplier network of over 300 distributors and an employee base of more than 2 600 dedicated professionals.

In India, SKF has consolidated its operations in three different companies – SKF India Limited, SKF Technologies (India) Pvt. Ltd and Lincoln Helios India Ltd.

OVERVIEW OF SKF INDIA

  • SKF India Limited offers bearing and its components. The company’s business model includes two streams, which comprise sales of own manufactured goods and services, and sales of traded goods manufactured by other SKF companies.

  • The company’s divisions 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 designed and manufactured in Pune. It delivers solutions across every technology area it operates in, including bearings and units, seals, services, lubrication systems and mechatronics.
  • SKF’s network has approximately 20 000 touch points containing distributors, retail partners and mechanic points. It sells products to other SKF legal entities for ultimate sales to external customers in their country.

VISION & VALUES OF SKF INDIA

  • SKF India Limited strives to do business as economically, socially and responsibly as possible. The company’s core values are high ethics, empowerment, openness and teamwork. Its responsibility towards customers, distributors and suppliers embraces issues such as business ethics, free and fair trade and ethical behavior in respect of competition.

  • SKF India Limited’s goal is to make a positive contribution. The company focuses on activities that will have the most positive impact on people, its climate footprint and the sustainability performance of its customers.

  • SKF India Limited commits to its value chain to ensure it reaches its set goals, meet current and future needs of customers and maximizes returns, income growth and capital appreciation for shareholders who purchase shares with it.

MARKET PERFORMANCE OF SKF INDIA

  • SKF India Limited’s shares trade on the Bombay Stock Exchange (BSE) under stock symbol BOM: 500472. SKF India Limited also lists on the National Stock Exchange of India (NSE) under the SKF INDIA code.

  • For the 2018 – 2019 financial year, the company reports revenue from operations of `30 345 million as compared to `27 504 million in the previous year showing a growth of 10%. Profit after tax for the same period was `3 358 million, a growth of 13%.

  • Due to SKF India Limited’s continued performance on this market, shareholders can buy or sell shares with confidence and expect sound dividends and returns during 2022 and in future.

LATEST NEWS SKF INDIA

Buy SKF INDIA stocks / shares – A Step by Step Guide how to Buy / Purchase SKF INDIA Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy SKF INDIA Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN SKF INDIA STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE SKF INDIA STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of SKF INDIA stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy SKF INDIA stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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