Timken India Ltd

Timken India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Timken India Ltd

₹ 2,851 -0.62%
11 Aug - close price
timken.com BSE: 522113 NSE: TIMKEN
About

Timken India Ltd is engaged in the manufacturing, distribution and sale of anti-friction bearings, components, accessories and mechanical power transmission products for the customer base across different sectors. It also provided maintenance contracts and refurbishment services and industrial services.
It was incorporated in 1987 and is a part of the global Timken Group.[1][2]

Key Points

History
Timken India Limited was incorporated in 1987 as Tata Timken Limited, a JV between Tata Iron and Steel Company and The Timken Company. It commenced commercial production at its Jamshedpur plant in March 1992. TISCO and TIMKEN each held a 40% equity stake in the company and the public held the rest.
In 1999, Timken acquired from Tata Steel its 40% stake in Tata Timken Limited. The name of the Company was changed to Timken India Limited on July 2, 1999. [1]

Website BSE NSE
  • Market Cap ₹ 21,399 Cr.
  • Current Price ₹ 2,851
  • High / Low ₹ 3,959 / 2,200
  • Stock P/E 47.0
  • Book Value ₹ 378
  • Dividend Yield 1.26 %
  • ROCE 20.9 %
  • ROE 17.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 22.7%

Cons

  • Stock is trading at 7.54 times its book value
  • Promoter holding has decreased over last 3 years: -16.8%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Products Abrasives & Bearings

Part of BSE 500 BSE Capital Goods Nifty 500 BSE SmallCap Nifty MNC

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Quarterly Results

Figures in Rs. Crores

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
699 695 609 803 718 682 612 898 784 753 671 940 809
528 563 506 650 582 546 510 699 643 620 565 730 666
Operating Profit 172 132 104 153 136 136 102 199 141 133 107 210 142
OPM % 25% 19% 17% 19% 19% 20% 17% 22% 18% 18% 16% 22% 18%
11 22 14 7 9 10 11 11 12 12 13 14 10
Interest 0 0 1 1 1 1 1 1 1 1 1 1 1
Depreciation 22 22 22 21 21 21 21 22 22 21 21 21 21
Profit before tax 160 131 95 137 123 124 91 187 130 124 98 202 130
Tax % 26% 26% 26% 24% 27% 25% 26% 24% 26% 27% 24% 7% 20%
118 98 71 105 90 93 68 141 96 90 74 187 104
EPS in Rs 15.70 12.98 9.38 13.89 11.98 12.37 8.98 18.80 12.80 11.96 9.88 24.84 13.86
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
719 926 1,042 1,056 1,233 1,664 1,617 1,411 2,203 2,807 2,910 3,148 3,173
646 792 880 898 1,070 1,375 1,254 1,159 1,692 2,246 2,337 2,556 2,581
Operating Profit 73 134 162 158 163 289 363 252 511 560 572 592 592
OPM % 10% 14% 16% 15% 13% 17% 22% 18% 23% 20% 20% 19% 19%
10 6 3 10 21 16 23 20 14 53 41 50 49
Interest 1 1 1 1 1 2 3 1 2 3 4 4 4
Depreciation 16 17 22 29 43 79 77 75 84 87 85 85 84
Profit before tax 66 122 142 138 140 224 306 195 438 524 524 553 553
Tax % 32% 34% 35% 30% 34% 34% 20% 27% 25% 25% 25% 19%
45 81 92 97 92 149 246 143 327 391 392 447 455
EPS in Rs 6.58 11.87 13.50 14.29 13.53 19.76 32.72 19.04 43.49 51.95 52.13 59.48 60.54
Dividend Payout % 99% 25% 7% 7% 7% 5% 153% 8% 3% 3% 5% 61%
Compounded Sales Growth
10 Years: 13%
5 Years: 14%
3 Years: 13%
TTM: 7%
Compounded Profit Growth
10 Years: 19%
5 Years: 13%
3 Years: 11%
TTM: 14%
Stock Price CAGR
10 Years: 17%
5 Years: 23%
3 Years: -3%
1 Year: -28%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 18%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 68 68 68 68 68 75 75 75 75 75 75 75
Reserves 314 370 462 550 634 1,266 1,501 1,268 1,582 1,962 2,342 2,770
3 3 4 8 16 23 24 35 32 31 25 17
114 144 168 251 261 411 380 510 505 489 545 564
Total Liabilities 500 585 702 877 979 1,775 1,980 1,888 2,194 2,557 2,988 3,425
97 107 137 231 251 795 748 818 860 843 853 809
CWIP 26 27 21 58 54 64 157 97 50 53 104 592
Investments 23 17 38 91 55 176 13 0 99 236 161 117
354 435 506 498 619 741 1,063 973 1,185 1,424 1,870 1,908
Total Assets 500 585 702 877 979 1,775 1,980 1,888 2,194 2,557 2,988 3,425

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
44 42 101 164 39 249 348 189 33 341 340 387
-30 -23 -67 -126 -64 -106 -104 -67 -75 -45 -228 -337
-14 -26 1 -5 -2 -23 -13 -379 -15 -15 -17 -27
Net Cash Flow -0 -7 36 34 -27 119 230 -257 -57 281 94 23

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 75 69 68 66 66 66 66 96 89 75 82 81
Inventory Days 112 110 108 111 121 125 124 171 171 125 142 124
Days Payable 60 57 65 92 97 92 92 156 100 76 82 76
Cash Conversion Cycle 128 122 110 85 90 99 98 112 160 124 142 129
Working Capital Days 104 98 91 70 96 80 74 86 117 102 111 107
ROCE % 19% 30% 30% 24% 21% 22% 21% 13% 29% 28% 23% 21%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
67.80% 67.80% 67.80% 57.70% 57.70% 57.70% 57.70% 51.05% 51.05% 51.05% 51.05% 51.05%
3.90% 4.30% 3.95% 6.56% 6.71% 7.13% 7.20% 12.53% 13.14% 12.97% 10.68% 9.44%
12.13% 12.14% 12.44% 19.11% 19.68% 22.57% 23.62% 25.57% 24.80% 24.93% 26.80% 27.68%
16.16% 15.75% 15.79% 16.64% 15.91% 12.59% 11.45% 10.84% 11.02% 11.04% 11.46% 11.82%
No. of Shareholders 67,50968,78566,65274,33973,42970,04062,83866,16269,09371,43876,27077,827

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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