SCHAEFFLER
Large CapSchaeffler India Limited
Auto
Schaeffler India Limited is an automotive and industrial supplier, manufacturing precision components and systems for powertrain and chassis applications, as well as rolling and plain bearing solutions. Its business segments include Automotive Technologies, Vehicle Lifetime Solutions, and Bearings and Industrial Solutions.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Mixed fundamentals, management trust is supportive, price trend is neutral, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 31 Mar 2026
Good · 57/100Rev +19% YoY · PAT +25% YoY · operating leverage · margin compression
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,586 Cr | +18.9% | -5.1% |
| EBITDA | ₹478 Cr | +21.6% | -1.2% |
| Operating margin | 18.0% | +0 bps | +0 bps |
| PAT | ₹316 Cr | +25.4% | -1.9% |
| PAT margin | 12.2% | +63 bps | +40 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Where growth can come from, and what can break the case
Q1CY26 revenue grew 18.8% YoY to INR 25,070 mn, driven by Automotive Technologies, Vehicle Lifetime Solutions, and Exports. EBITDA rose 19.3% YoY to INR 4,830 mn, with PAT up 12.8% YoY to INR 3,197 mn. QoQ revenue declined 5.1%, and FCF was significantly down.
Schaeffler India sustained double-digit YoY growth in Automotive Technologies, Vehicle Lifetime Solutions, and Exports, demonstrating resilience. Earnings quality was maintained through localization and capital efficiency. However, QoQ revenue declined, and FCF was significantly impacted by increased working capital, which warrants close monitoring.
Revenue by Segment (Q1 2026)
Latest issuer-disclosed distribution across 4 reported categories.
Automotive Technologies
Sustained double-digit YoY growth momentum (30.8% YoY) and new business wins in double clutches for tractors and hydraulic cam phaser.
Vehicle Lifetime Solutions
Sustained double-digit YoY growth momentum (18.1% YoY), focus campaigns, workshop engagement, and portfolio expansion.
Exports
Sustained double-digit YoY growth momentum (32.5% YoY in Intercompany Exports & others).
Industrial Solutions
New business wins for Housing, SRBs, Split SRBs, needle bearings for steering, CRBs, TRBs, DGBBs for Raw Materials and Power Transmission sectors.
Capex Framework
Capex – moderate investments for the quarter, framework remains on track.
Resilient Consumption & Investment
GDP growth estimated at ~7.4%, sustained by resilient consumption, investment momentum, and export recovery.
Infrastructure Push
Growth in cement and steel production supported by construction demand, infrastructure push, and steady rural housing activity.
Government EV Incentives
Two and three wheelers growth driven by government incentive for electric vehicles and rise in urban mobility needs.
Localization Benefits
Earnings quality sustained due to localization benefits and capital efficiency.
Subdued IIP Growth
IIP growth subdued due to weak domestic demand and capex momentum.
Inflationary Pressures
Surge in CPI due to higher food prices and energy pressure reversing the disinflationary trend. Successfully navigated margin headwinds on inflationary pressures.
Supply Chain Disruptions
Successfully navigated margin headwinds on supply chain disruptions. QoQ trend impact due to ongoing geopolitical conflicts.
Working Capital Increase
Free cash flow generation adversely impacted by increase in absolute working capital to meet increasing demand in ATECH.
Geopolitical Conflicts
QoQ trend impact due to ongoing geopolitical conflicts.
Raw Material & Energy Costs
Surge in CPI due to higher food prices and energy pressure reversing the disinflationary trend.
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
The company provides both YoY and QoQ comparisons for financial results and segment performance. YoY is crucial for understanding underlying growth trends, while QoQ highlights sequential momentum and immediate impacts of market conditions and supply chain disruptions.
Automotive Production Growth (YoY)
Q1CY26 CVs up 17.0%, PVs up 11.3%, Tractors up 37.2%. 2W and 3W up 21.0%.
Revenue Growth (YoY)
Total revenue grew 18.8% YoY. Automotive Technologies up 30.8%, Vehicle Lifetime Solutions up 18.1%, Intercompany Exports & others up 32.5%.
EBITDA Margin
EBITDA margin was 19.3% in Q1CY26, consistent with Q1CY25 (19.3%) and Q4CY25 (19.1%).
New Business Wins
New business wins in double clutches for tractors, hydraulic cam phaser, FEAD timing kits, SRBs, Split SRBs, needle bearings for steering, CRBs, TRBs, DGBBs, NRBs.
Sustained Growth Momentum
YoY double digit growth momentum sustained in Automotive Technologies, Vehicle Lifetime Solutions and Exports.
Earnings Quality
Earnings quality sustained due to localization benefits and capital efficiency.
Commitment to Stakeholder Value
Committed to deliver results and drive long term stakeholder value.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Free Cash Flow | INR 1,369 mn (-42.2% YoY, -46.1% QoQ) | Improvement in FCF generation and management of working capital levels as demand increases. |
| QoQ Revenue Growth | -5.1% | Reversal of the sequential decline in revenue, especially in Bearings and Industrial Solutions (-14.3% QoQ). |
| EBITDA Margin | 19.3% | Sustained margin levels amidst ongoing supply chain disruptions and inflationary pressures. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
56NeutralSMA20 +4.3% / mo
Technical chart
SCHAEFFLERdaily · 6M+5.7%Technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 50. Wait for confirmation.
- SMA20 falling (~2.6% over last month) — short-term momentum negative.
- RSI(14) at 50 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 9% off 52W high · 16% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation, score drivers, trust methodology, financials, and peers
Use these sections after reviewing the decision summary, latest result, thesis, management accountability, and technical timing above.
Fundamental score breakdown
FAIR VALUEWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 11/15 to the score.
- Quality contributes 14/20 to the score.
Main drags
- Fair-value margin of safety is negative at -58.7%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Growth is weaker at 13/25; verify the latest quarterly trend.
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
High Trust: Claim history is still being built. It ranks around the 99th percentile of the scored universe and 99th percentile within Auto. No major sub-score weakness stands out.
High Trust Lite: Promoter holding is 74.1%.
Management behaviour ranks as unusually reliable. Still verify valuation and cycle risk.
overall median 67 · Auto: 99th pctile, median 71 · Large: 97th pctile, median 74
128 documents indexed, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
High Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 74.1%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.5%.
- ▸4 years of positive FCF.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Intrinsic value
Fundamentals
Valuation
- P/E
- 52.40
- P/B
- 10.55
- EV/EBITDA
- 29.00
- Market Cap
- 63708.00Cr
Profitability
- ROE
- 20.20%
- ROCE
- 27.30%
- ROA
- 14.79%
- Dividend Y
- 0.86%
Growth (CAGR)
- Revenue 5Y
- 31.00%
- EPS 5Y
- 31.00%
- Revenue 3Y
- 12.00%
- EPS 3Y
- 10.00%
Balance Sheet
- Debt/Equity
- 0.01
- Interest Coverage
- 369.60×
- Altman Z
- 9.26
- Book Value
- 387.00
Cash Flow
- FCF Yield
- 1.49%
- FCF Positive Y
- 4/5
- OCF
- 1290.00 Cr
- EPS TTM
- 77.72
Shareholding
- Promoter Hold
- 74.13%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 59%
Financial History
Updated 9/6/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.