Timex Group India Ltd
₹ 275
4.99%
13 Aug
- close price
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 ₹ 2,774 Cr.
- Current Price ₹ 275
- High / Low ₹ 290 / 118
- Stock P/E 63.5
- Book Value ₹ 2.50
- Dividend Yield 0.00 %
- ROCE 42.6 %
- ROE 197 %
- Face Value ₹ 1.00
Pros
- 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 110 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -15.0%
- Company might be capitalizing the interest cost
* 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
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 | 598 | |
| 153 | 150 | 176 | 199 | 197 | 230 | 248 | 144 | 256 | 345 | 386 | 490 | 533 | |
| Operating Profit | -29 | -8 | -3 | 2 | 11 | 11 | 4 | -4 | 8 | 38 | 32 | 48 | 65 |
| OPM % | -24% | -6% | -2% | 1% | 5% | 5% | 1% | -3% | 3% | 10% | 8% | 9% | 11% |
| 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 | 4 |
| 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 | 59 |
| 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 | 44 | |
| 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 | 4.32 |
| 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: | 130% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 68% |
| 3 Years: | 52% |
| 1 Year: | 91% |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 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 |
| 58 | 69 | 76 | 25 | 104 | 103 | 109 | 91 | 111 | 110 | 86 | 101 | |
| 106 | 104 | 118 | 64 | 78 | 73 | 89 | 78 | 80 | 98 | 108 | 126 | |
| Total Liabilities | 121 | 117 | 129 | 97 | 121 | 122 | 143 | 106 | 130 | 194 | 201 | 252 |
| 13 | 11 | 12 | 8 | 7 | 8 | 23 | 20 | 17 | 17 | 15 | 12 | |
| CWIP | 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 |
| 107 | 106 | 117 | 88 | 114 | 113 | 120 | 86 | 113 | 178 | 186 | 240 | |
| Total Assets | 121 | 117 | 129 | 97 | 121 | 122 | 143 | 106 | 130 | 194 | 201 | 252 |
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)-Analyst / Investor Meet - Intimation
6 Aug - The Management Team of the Company would be meeting Analyst/Investors in One to one in person meeting in Noida on Aug 7, 2025. The details …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Aug - Regulations,2015 and SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 2,2025 regarding the opening of Special Window for re- lodgement of the Transfer requests of Physical shares, …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Aug - In continuation to our letters dated August 4,2025 and August 5,2025 on the captioned subject and pursuant to Regulation 30 of the SEBI(LODR) Regulations 2015, …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Aug - Scheduled one-to-one investor/analyst meetings on August 7, 2025, no price sensitive info to be shared.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
4 Aug - The Management Team of the Company would be meeting Analyst/Investors in one-to one in person meeting in Noida on August 7, 2025. The details of …
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
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Concalls
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Jul 2025TranscriptNotesPPT
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Oct 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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]