Timex Group India Ltd
₹ 293
1.42%
21 Jan
4:01 p.m.
About
Timex Group India Limited is a group company of Tanager Group B.V. (formerly known as Timex Group B.V.). The Co is engaged in manufacturing and trading of watches and rendering of related after sales service. The Company also provides information and technology support services to the Group Companies. [1][2]
Key Points
- Market Cap ₹ 2,959 Cr.
- Current Price ₹ 293
- High / Low ₹ 421 / 147
- Stock P/E 52.8
- Book Value ₹ 11.8
- Dividend Yield 0.00 %
- ROCE 42.6 %
- ROE 197 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Company has delivered good profit growth of 81.1% CAGR over last 5 years
Cons
- Stock is trading at 24.0 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last 3 years: -15.0%
* 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.
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Quarterly Results
Figures in Rs. Crores
Upcoming result date: 3 February 2026
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 124 | 142 | 173 | 200 | 207 | 242 | 252 | 141 | 264 | 383 | 419 | 538 | 668 | |
| 153 | 150 | 176 | 199 | 197 | 230 | 248 | 144 | 256 | 345 | 386 | 490 | 585 | |
| Operating Profit | -29 | -8 | -3 | 2 | 11 | 11 | 4 | -4 | 8 | 38 | 32 | 48 | 83 |
| OPM % | -24% | -6% | -2% | 1% | 5% | 5% | 1% | -3% | 3% | 10% | 8% | 9% | 12% |
| 0 | 2 | -0 | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 3 | 2 | 2 | |
| Interest | 1 | 3 | 4 | 3 | 2 | 2 | 3 | 2 | 2 | 5 | 4 | 4 | 5 |
| Depreciation | 2 | 2 | 3 | 2 | 2 | 2 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
| Profit before tax | -33 | -11 | -9 | -3 | 8 | 8 | -2 | -8 | 3 | 30 | 28 | 43 | 76 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 11% | 0% | -1% | 0% | -57% | 25% | 27% | |
| -33 | -11 | -9 | -3 | 8 | 7 | -2 | -8 | 3 | 47 | 21 | 31 | 56 | |
| EPS in Rs | -3.27 | -1.09 | -0.92 | -0.32 | 0.74 | 0.74 | -0.18 | -0.79 | 0.32 | 4.61 | 2.06 | 3.11 | 5.55 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 16% |
| 3 Years: | 27% |
| TTM: | 42% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 81% |
| 3 Years: | 114% |
| TTM: | 117% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 60% |
| 3 Years: | 23% |
| 1 Year: | 55% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 197% |
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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | -54 | -65 | -75 | -2 | -71 | -64 | -66 | -74 | -71 | -24 | -3 | 15 | 109 |
| 58 | 69 | 76 | 25 | 104 | 103 | 109 | 91 | 111 | 110 | 86 | 101 | 13 | |
| 106 | 104 | 118 | 64 | 78 | 73 | 89 | 78 | 80 | 98 | 108 | 126 | 204 | |
| Total Liabilities | 121 | 117 | 129 | 97 | 121 | 122 | 143 | 106 | 130 | 194 | 201 | 252 | 336 |
| 13 | 11 | 12 | 8 | 7 | 8 | 23 | 20 | 17 | 17 | 15 | 12 | 13 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 43 |
| 107 | 106 | 117 | 88 | 114 | 113 | 120 | 86 | 113 | 178 | 186 | 240 | 280 | |
| Total Assets | 121 | 117 | 129 | 97 | 121 | 122 | 143 | 106 | 130 | 194 | 201 | 252 | 336 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -5 | -8 | -1 | -23 | -1 | 6 | 10 | 22 | -18 | 10 | 32 | -3 | |
| -1 | -1 | -2 | -1 | -0 | -4 | -1 | -0 | -1 | -1 | -1 | -0 | |
| 6 | 8 | 3 | 24 | 0 | -3 | -10 | -21 | 18 | -8 | -28 | -0 | |
| Net Cash Flow | -0 | -1 | -0 | -0 | -1 | -1 | -2 | 1 | -1 | 1 | 3 | -4 |
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 | 203 | 176 | 150 | 75 | 104 | 81 | 91 | 98 | 67 | 50 | 45 | 37 |
| Inventory Days | 119 | 124 | 134 | 120 | 149 | 132 | 111 | 155 | 132 | 161 | 159 | 178 |
| Days Payable | 354 | 358 | 328 | 166 | 220 | 154 | 172 | 269 | 138 | 111 | 104 | 86 |
| Cash Conversion Cycle | -31 | -58 | -44 | 29 | 33 | 59 | 30 | -15 | 61 | 100 | 100 | 129 |
| Working Capital Days | -72 | -78 | -83 | -7 | 12 | 21 | 22 | 24 | 22 | 47 | 66 | 74 |
| ROCE % | -115% | -72% | -45% | -2% | 25% | 22% | 2% | -14% | 14% | 48% | 33% | 43% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
10 Jan - Copies of Newspaper Advertisement published on January 9, 2026 in Business Standard(English) in New Delhi and Mumbai edition and Business Standard (Hindi) in New Delhi …
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Jan - Depositories and Participants) Regulations 2018, Please find enclosed herewith a confirmation certificate from Alankit Assignments Limited, the Registrar and Share Transfer Agent (RTA) of the …
-
Report On Re-Lodgement Of Transfer Request Of Physical Shares
6 Jan - One physical share transfer re-lodgement in December; signature mismatch; transfer pending upon completion of formalities per SEBI circular.
-
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
6 Jan - Timex promoter sold 9,018,500 shares (8.93%) on Dec 29-30,2025; stake now 51.00%.
-
Intimation Under The SEBI (SAST) Regulations 2011
5 Jan - Promoter sold 9,018,500 shares (8.93%) on Dec 29-30, 2025; holding fell from 59.93% to 51.00%.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Concalls
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Oct 2021TranscriptAI SummaryPPT
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Oct 2020TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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Feb 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
History
Co entered India in 1988 as a joint venture with Jayna Times Industries Ltd until 1990. In 1990, co entered into a JV with Titan which ended in 2000. Co got listed in 1994. Timex Group is America’s Oldest Watchmaker, established in 1854 in Connecticut[1][2]