Timex Group India Ltd
₹ 240
-3.82%
21 May
- 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 ₹ 2,425 Cr.
- Current Price ₹ 240
- High / Low ₹ 250 / 113
- Stock P/E 77.2
- Book Value ₹ 8.32
- Dividend Yield 0.00 %
- ROCE 49.0 %
- ROE 69.2 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Company has delivered good profit growth of 81.0% CAGR over last 5 years
Cons
- Stock is trading at 28.9 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Sector: Consumer Durables Industry: Miscellaneous
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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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 124 | 142 | 173 | 200 | 207 | 242 | 252 | 141 | 264 | 383 | 419 | 538 | |
| 153 | 150 | 176 | 199 | 197 | 230 | 248 | 144 | 256 | 345 | 386 | 490 | |
| Operating Profit | -29 | -8 | -3 | 2 | 11 | 11 | 4 | -4 | 8 | 38 | 32 | 48 |
| OPM % | -24% | -6% | -2% | 1% | 5% | 5% | 1% | -3% | 3% | 10% | 8% | 9% |
| 0 | 2 | -0 | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 3 | 2 | |
| Interest | 1 | 3 | 4 | 3 | 2 | 2 | 3 | 2 | 2 | 5 | 4 | 4 |
| Depreciation | 2 | 2 | 3 | 2 | 2 | 2 | 3 | 4 | 4 | 4 | 4 | 3 |
| Profit before tax | -33 | -11 | -9 | -3 | 8 | 8 | -2 | -8 | 3 | 30 | 28 | 43 |
| 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 | |
| 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 |
| 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: | 28% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 81% |
| 3 Years: | 113% |
| TTM: | 51% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 65% |
| 3 Years: | 51% |
| 1 Year: | 82% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 69% |
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 | 74 |
| 58 | 69 | 76 | 25 | 104 | 103 | 109 | 91 | 111 | 110 | 86 | 12 | |
| 106 | 104 | 118 | 64 | 78 | 73 | 89 | 78 | 80 | 98 | 108 | 156 | |
| 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 | 108 | 86 |
| Cash Conversion Cycle | -31 | -58 | -44 | 29 | 33 | 59 | 30 | -15 | 61 | 100 | 96 | 129 |
| Working Capital Days | -21 | -7 | -11 | 39 | 61 | 62 | 53 | 35 | 56 | 71 | 68 | 79 |
| ROCE % | -115% | -72% | -45% | -2% | 25% | 22% | 2% | -14% | 14% | 48% | 33% | 49% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 May - Timex schedules investor meetings in Mumbai from May 21-23 and 26-28, 2025; no sensitive info disclosed.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 May - The Management team of the Company would be meeting Analyst/Investor in one-to-one in person meeting in Mumbai from May 21, 2025 to May 23, 2025 …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 May - Timex schedules investor meetings in Mumbai from May 21-23 and May 26-28, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 May - Timex schedules investor meetings in Mumbai from May 21-23 and May 26-28, 2025; no price sensitive info disclosed.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 May - Timex schedules investor meetings in Mumbai from May 21-23 and 26-28, 2025; no price sensitive info disclosed.
Annual reports
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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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Financial Year 2010
from bse
Concalls
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May 2025TranscriptNotesPPT
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Jan 2025TranscriptNotesPPT
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Oct 2024TranscriptNotesPPT
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Jul 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
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Jan 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 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]