Schaeffler India Ltd(SCHAEFFLER)

NSE: SCHAEFFLERBSE: 505790

₹ 3,468-1.72%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 54,206 crNext results: 27 Oct 2026Website: www.schaeffler.co.inUpdated: 24 Oct 2026

About

Schaeffler India Ltd manufactures precision bearings, automotive components, and industrial solutions, operating across three commercial segments: Automotive Technologies (ICE and e-mobility), Vehicle Lifetime Solutions (aftermarket), and Bearings and Industrial Solutions. The company reported standalone revenue of INR 9,395 crores in CY2025, growing 16.3% year-on-year, and is on track to cross INR 10,000 crores in CY2026. It is a subsidiary of Germany's Schaeffler Group, which holds a 74.13% promoter stake.^[1][2][3]

Business segments

Mobility components and related solutions contributed 77.9% of FY2025 revenue (INR 7,546.97 cr) at 13.2% EBIT margin; its share fell 0.9 percentage points over FY2023 - FY2025.^[4]
Others segment contributed 22.1% of FY2025 revenue (INR 2,138.88 cr) at a higher EBIT margin of 19.8%; its share rose 0.9 percentage points over FY2023 - FY2025.^[4]
Within commercial reporting, Automotive Technologies grew 33.3% YoY in Q2 CY26; Vehicle Lifetime Solutions grew 9.9% YoY; Bearings and Industrial Solutions grew 5.0% YoY; intercompany exports grew 23.9% YoY.^[5]

Products and portfolio

Automotive Technologies covers conventional ICE products (clutches, dual-mass flywheels, hydraulic cam phasers, chain drive systems) and e-mobility (e-axles for electric vehicles).^[1]
Vehicle Lifetime Solutions serves the automotive aftermarket; capacity at Hosur is currently binding, with OEMs taking priority allocation over aftermarket demand.^[5]
Bearings and Industrial Solutions supplies precision bearings to industrial end-markets including wind energy, power transmission, railways, and raw-material sectors.^[5][2]
Through Vitesco integration, Schaeffler India now offers the Vitesco portfolio - battery management systems, thermal management, sensors, power electronics - to Indian OEMs as the commercial face to customers.^[2]

Operations and plants

Talegaon plant hosts e-axle Phase 2 localization (sub-component assembly); end-of-line test capacity is 300,000 pieces per year against current demand of 85,000 pieces as of Q3 CY2026.^[2]
Savli plant produces large industrial bearings including the 1.6-metre bearing for 6 MW wind turbines; Hall 3 is under construction within the existing Savli footprint to add dedicated Wind segment capacity.^[2]
Shoolagiri greenfield plant is in Phase 2 focused on passenger vehicle transmission assembly; a second hall is under construction and a production line is being shipped from Europe.^[2][6]
Hosur plant serves Vehicle Lifetime Solutions (aftermarket); capacity is currently constrained, causing prioritization of OEM supply over aftermarket and resulting in air-freight cost increases.^[5]
Overall localization rate reached ~80% as of Q3 CY2026, up from 60 - 65% a few years ago; automotive at ~90% and industrial at 65 - 70%.^[2]

Key operating metrics

Automotive Technologies segment grew ~29 - 30% YoY in Q3 CY2026, driven by GST 2.0-induced market demand and maturing ICE localization lines.^[2]
Railways contributes 13 - 14% of revenue in Q3 CY2026 and has delivered at least double-digit growth for six consecutive months.^[2]
Export mix stands at 15 - 20% of revenue; composed of ~50% Europe intercompany, ~25% South-East Asia, 13% China, and the remainder Americas as of Q3 CY2026.^[2]
Commodity and fuel cost pass-through from customers is ~70% historically; the balance is absorbed through operational efficiency.^[2]
Book-to-bill ratio was greater than 1 in Q3 CY2026.^[2]

Customers and distribution

Automotive Technologies customers include domestic PV OEMs; Schaeffler India gained market share in Q2 CY2026 even as overall PV production fell 8% QoQ.^[5]
Wind energy customers are domestic; management classifies wind revenue as domestic sales, not exports. Revenue dipped in Q2 CY2026 due to customer contract re-negotiations.^[5][1]

Expansion and capex

CY2026 standalone capex guided at ~INR 500 crores for the full year; INR 1,746 mn deployed in the first six months of CY2026.^[5]
Shoolagiri second hall construction has commenced; a production line relocated from Sheffield, UK is being installed in the current hall, focused on passenger vehicle transmission.^[2][6]
Hall 3 at Savli is under construction to add dedicated Wind segment capacity; the plant already produces the 1.6-metre bearing for 6 MW turbines.^[2]
E-axle Phase 3 localization (local child-part sourcing, e.g. magnets) will follow Phase 2; supplier development is under way with Schaeffler India hand-holding smaller suppliers.^[2][6]

Recent developments

Schaeffler India produced its first 1.6-metre bearing for a 6 MW wind turbine in Q2 CY2026, extending its large-bearing capability into higher-capacity turbine platforms.^[2]
KRSV Innovative Auto Solutions (Koovers) reported Q2 CY2026 revenue of INR 791 mn at an EBITDA margin of -17.3%; breakeven guidance was revised from 2027 to 2029.^[5]
Vitesco integration remains commercially unified - decision-making and customer-facing leadership consolidated - but legal merger has no fixed timeline pending global Vitesco entity consolidation.^[2]
Promoter Schaeffler Group holds 74.13% stake as of Q3 CY2026; any legal merger with Vitesco requires preparatory steps before a listed-entity transaction.^[2]
Full-year CY2026 revenue expected to cross INR 10,000 crores based on year-to-date June performance.^[2]

Market Cap

₹54,206 Cr

High / Low

₹4,465 / 3,507

Stock P/E

44.3

Price / Book

9.0

Book Value

₹387

EPS

₹73.6

No. of Shares

15.63 Cr

ROCE

27.2%

ROE

20.2%

OPM

15.9%

Debt / Equity

0.01

Sales

₹9,686 Cr

Net Profit

₹1,150 Cr

Promoter holding

74.1%

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Schaeffler India Ltd(SCHAEFFLER)

About

Business segments

Products and portfolio

Operations and plants

Key operating metrics

Customers and distribution

Expansion and capex

Recent developments

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