Timex Group India Ltd
₹ 563
-0.79%
21 Jul
- 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 ₹ 5,683 Cr.
- Current Price ₹ 563
- High / Low ₹ 592 / 200
- Stock P/E 71.7
- Book Value ₹ 7.47
- Dividend Yield 0.00 %
- ROCE 82.8 %
- ROE 158 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Company has delivered good profit growth of 64.1% CAGR over last 5 years
- Debtor days have improved from 36.1 to 26.6 days.
- Company's working capital requirements have reduced from 63.2 days to 48.9 days
Cons
- Stock is trading at 75.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -23.9%
* 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: 29 July 2026
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 142 | 173 | 200 | 207 | 242 | 252 | 141 | 264 | 383 | 419 | 538 | 799 | |
| 150 | 176 | 199 | 197 | 230 | 248 | 144 | 256 | 345 | 386 | 490 | 684 | |
| Operating Profit | -8 | -3 | 2 | 11 | 11 | 4 | -4 | 8 | 38 | 32 | 48 | 114 |
| OPM % | -6% | -2% | 1% | 5% | 5% | 1% | -3% | 3% | 10% | 8% | 9% | 14% |
| 2 | -0 | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 3 | 2 | -3 | |
| Interest | 3 | 4 | 3 | 2 | 2 | 3 | 2 | 2 | 5 | 4 | 4 | 6 |
| Depreciation | 2 | 3 | 2 | 2 | 2 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
| Profit before tax | -11 | -9 | -3 | 8 | 8 | -2 | -8 | 3 | 30 | 28 | 43 | 102 |
| Tax % | 0% | 0% | 0% | 0% | 11% | 0% | -1% | 0% | -57% | 25% | 27% | 26% |
| -11 | -9 | -3 | 8 | 7 | -2 | -8 | 3 | 47 | 21 | 31 | 75 | |
| EPS in Rs | -1.09 | -0.92 | -0.32 | 0.74 | 0.74 | -0.18 | -0.79 | 0.32 | 4.61 | 2.06 | 3.11 | 7.47 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 41% |
| 3 Years: | 28% |
| TTM: | 48% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 64% |
| 3 Years: | 19% |
| TTM: | 152% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 71% |
| 3 Years: | 52% |
| 1 Year: | 159% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 158% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | -65 | -75 | -2 | -71 | -64 | -66 | -74 | -71 | -24 | -3 | 15 | 65 |
| 69 | 76 | 25 | 104 | 103 | 109 | 91 | 111 | 110 | 86 | 101 | 71 | |
| 104 | 118 | 64 | 78 | 73 | 89 | 78 | 80 | 98 | 108 | 126 | 191 | |
| Total Liabilities | 117 | 129 | 97 | 121 | 122 | 143 | 106 | 130 | 194 | 201 | 252 | 338 |
| 11 | 12 | 8 | 7 | 8 | 23 | 20 | 17 | 17 | 15 | 12 | 11 | |
| 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 |
| 106 | 117 | 88 | 114 | 113 | 120 | 86 | 113 | 178 | 186 | 240 | 326 | |
| Total Assets | 117 | 129 | 97 | 121 | 122 | 143 | 106 | 130 | 194 | 201 | 252 | 338 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -8 | -1 | -23 | -1 | 6 | 10 | 22 | -18 | 10 | 32 | -3 | 91 | |
| -1 | -2 | -1 | -0 | -4 | -1 | -0 | -1 | -1 | -1 | -0 | -1 | |
| 8 | 3 | 24 | 0 | -3 | -10 | -21 | 18 | -8 | -28 | -0 | -56 | |
| Net Cash Flow | -1 | -0 | -0 | -1 | -1 | -2 | 1 | -1 | 1 | 3 | -4 | 34 |
| Free Cash Flow | -9 | -4 | -24 | -1 | 2 | 8 | 22 | -19 | 8 | 31 | -4 | 89 |
| CFO/OP | 101% | 50% | -1,484% | -7% | 56% | 264% | -618% | -217% | 26% | 101% | 10% | 104% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 176 | 150 | 75 | 104 | 81 | 91 | 98 | 67 | 50 | 45 | 37 | 27 |
| Inventory Days | 124 | 134 | 120 | 149 | 132 | 111 | 155 | 132 | 161 | 159 | 178 | 158 |
| Days Payable | 358 | 328 | 166 | 220 | 154 | 172 | 269 | 138 | 111 | 104 | 86 | 97 |
| Cash Conversion Cycle | -58 | -44 | 29 | 33 | 59 | 30 | -15 | 61 | 100 | 100 | 129 | 88 |
| Working Capital Days | -78 | -83 | -7 | 12 | 21 | 22 | 24 | 22 | 47 | 66 | 74 | 49 |
| ROCE % | -72% | -45% | -2% | 25% | 22% | 2% | -14% | 14% | 48% | 33% | 43% | 83% |
Insights
In beta| May 2022 | May 2023 | May 2024 | May 2025 | May 2026 | |
|---|---|---|---|---|---|
| Baddi Plant Production Capacity Million Units (Single-Shift) |
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| Authorized Service Centres Count |
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| Baddi Plant Production Volume Million Units (Annual) |
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| Defence Canteen Outlets Count |
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| Large Format Stores Count |
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| Luxury Retail Doors Count |
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| Multi Brand Outlets (Doors) Count |
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| Timex World Showrooms (Retail) Count |
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Documents
Announcements
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Announcement Under Regulation 30 (LODR)-Intimation To Shareholders Of The Company Holding Shares In Physical Mode For Furnishing KYC Details
1d - Timex reminds physical shareholders to update PAN, KYC and nomination details with RTA.
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Announcement Under Regulation 30 (LODR)-AGM Letter To The Shareholders
1d - 38th AGM scheduled for August 20, 2026; annual report 2025-26 shared via email and web link.
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Business Responsibility and Sustainability Reporting (BRSR)
1d - Timex Group India filed its FY 2025-26 Business Responsibility and Sustainability Report.
- Notice Of 38Th Annual General Meeting (AGM) Of The Company For The Financial Year 2025-26 1d
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Reg. 34 (1) Annual Report.
1d - 38th AGM on Aug 20, 2026; annual report issued, preference dividend confirmations proposed.
Annual reports
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Financial Year 2026
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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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Concalls
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May 2026TranscriptAI SummaryPPT
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025TranscriptAI SummaryPPT
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Jul 2025TranscriptAI SummaryPPT
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May 2025TranscriptAI SummaryPPT
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Oct 2024TranscriptAI SummaryPPT
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Jul 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Oct 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
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Oct 2020TranscriptAI SummaryPPT
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Aug 2020TranscriptAI SummaryPPT
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Jun 2020TranscriptAI SummaryPPT
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Jan 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Aug 2019TranscriptAI 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]