Timex Group India Ltd
₹ 570
4.08%
10 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 ₹ 5,750 Cr.
- Current Price ₹ 570
- High / Low ₹ 577 / 200
- Stock P/E 72.5
- Book Value ₹ 11.0
- Dividend Yield 0.00 %
- ROCE 92.8 %
- ROE 116 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- 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 51.7 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: -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 | 5 |
| 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: | 72% |
| 3 Years: | 50% |
| 1 Year: | 153% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 116% |
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 | 101 |
| 69 | 76 | 25 | 104 | 103 | 109 | 91 | 111 | 110 | 86 | 101 | 6 | |
| 104 | 118 | 64 | 78 | 73 | 89 | 78 | 80 | 98 | 108 | 126 | 220 | |
| 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% | 93% |
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
- Shareholder Meeting-AGM On AUG 20, 2026( 20/08/2026) 7 Jul
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Closure of Trading Window
24 Jun - Board to approve Q1 FY2027 unaudited results on July 29, 2026; trading window closed July 1-31, 2026.
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Board Meeting Intimation for Considering And Approving The Un-Audited Financial Results Of The Company For The Quarter Ending On June 30, 2026.
24 Jun - Board meets July 29, 2026 to approve Q1 FY27 unaudited results; trading window closed July 1-31.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22 Jun - Please find attached details of Analyst/Investor Meet .
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Timex Group India submitted its FY2026 Annual Secretarial Compliance Report; no major violations reported.
Annual reports
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Financial Year 2025
from bse
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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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May 2026TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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May 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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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]