Timex Group India Ltd
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]
- Market Cap ₹ 1,384 Cr.
- Current Price ₹ 137
- High / Low ₹ 203 / 120
- Stock P/E 38.3
- Book Value ₹ 7.51
- Dividend Yield 0.00 %
- ROCE 47.6 %
- ROE %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 44.0% CAGR over last 5 years
- Debtor days have improved from 71.8 to 49.8 days.
Cons
- Stock is trading at 18.3 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
* 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
184 | 121 | 124 | 142 | 173 | 200 | 207 | 242 | 252 | 141 | 264 | 383 | 410 | |
175 | 160 | 153 | 150 | 176 | 199 | 197 | 230 | 248 | 144 | 256 | 345 | 380 | |
Operating Profit | 9 | -39 | -29 | -8 | -3 | 2 | 11 | 11 | 4 | -4 | 8 | 38 | 30 |
OPM % | 5% | -32% | -24% | -6% | -2% | 1% | 5% | 5% | 1% | -3% | 3% | 10% | 7% |
0 | 0 | 0 | 2 | -0 | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 1 | |
Interest | 1 | 1 | 1 | 3 | 4 | 3 | 2 | 2 | 3 | 2 | 2 | 5 | 4 |
Depreciation | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 3 | 4 | 4 | 4 | 4 |
Profit before tax | 6 | -42 | -33 | -11 | -9 | -3 | 8 | 8 | -2 | -8 | 3 | 30 | 24 |
Tax % | 25% | 0% | 0% | 0% | 0% | 0% | 0% | 11% | 0% | 1% | 0% | -57% | |
5 | -42 | -33 | -11 | -9 | -3 | 8 | 7 | -2 | -8 | 3 | 47 | 36 | |
EPS in Rs | 0.45 | -4.16 | -3.27 | -1.09 | -0.92 | -0.32 | 0.74 | 0.74 | -0.18 | -0.79 | 0.32 | 4.61 | 3.58 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 13% |
3 Years: | 15% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 12% |
5 Years: | 44% |
3 Years: | 203% |
TTM: | 37% |
Stock Price CAGR | |
---|---|
10 Years: | 30% |
5 Years: | 22% |
3 Years: | 70% |
1 Year: | 11% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Reserves | 21 | -21 | -54 | -65 | -75 | -2 | -71 | -64 | -66 | -74 | -71 | -24 | 66 |
Preference Capital | 41 | 41 | 41 | 41 | 41 | 0 | 76 | 76 | 76 | 76 | 76 | 76 | |
9 | 10 | 17 | 28 | 34 | 25 | 28 | 27 | 33 | 15 | 35 | 34 | 16 | |
129 | 133 | 147 | 145 | 159 | 64 | 154 | 149 | 165 | 154 | 156 | 174 | 119 | |
Total Liabilities | 169 | 133 | 121 | 117 | 129 | 97 | 121 | 122 | 143 | 106 | 130 | 194 | 210 |
14 | 15 | 13 | 11 | 12 | 8 | 7 | 8 | 23 | 20 | 17 | 17 | 16 | |
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 | 0 |
154 | 118 | 107 | 106 | 117 | 88 | 114 | 113 | 120 | 86 | 113 | 178 | 194 | |
Total Assets | 169 | 133 | 121 | 117 | 129 | 97 | 121 | 122 | 143 | 106 | 130 | 194 | 210 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-11 | 7 | -5 | -8 | -1 | -23 | -1 | 6 | 10 | 22 | -18 | 10 | |
-3 | -2 | -1 | -1 | -2 | -1 | -0 | -4 | -1 | -0 | -1 | -1 | |
4 | -3 | 6 | 8 | 3 | 24 | 0 | -3 | -10 | -21 | 18 | -8 | |
Net Cash Flow | -9 | 2 | -0 | -1 | -0 | -0 | -1 | -1 | -2 | 1 | -1 | 1 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 197 | 198 | 203 | 176 | 150 | 75 | 104 | 81 | 91 | 98 | 67 | 50 |
Inventory Days | 155 | 173 | 119 | 124 | 134 | 120 | 149 | 132 | 111 | 155 | 132 | 161 |
Days Payable | 225 | 305 | 354 | 358 | 328 | 166 | 220 | 154 | 172 | 269 | 138 | 111 |
Cash Conversion Cycle | 128 | 67 | -31 | -58 | -44 | 29 | 33 | 59 | 30 | -15 | 61 | 100 |
Working Capital Days | 117 | 54 | -21 | -7 | -11 | 39 | 61 | 62 | 53 | 35 | 56 | 71 |
ROCE % | 10% | -67% | -115% | -72% | -45% | -2% | 25% | 22% | 2% | -14% | 14% | 48% |
Documents
Announcements
- Closure of Trading Window 1d
- Board Meeting Intimation for Considering And Approving The Audited Financial Results Of The Company For The Year Ending On March 31, 2024 1d
- Announcement Under Regulation 30 (LODR)- Appointment Of Mr. Paul Ruban As Brand Head - Timex And Senior Management Personnel Of The Company. 2d
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 2d
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 2d
Annual reports
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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
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Financial Year 2009
from bse
Concalls
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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 which lasted until 1990. In 1990, co entered into a JV with Titan which ended in 2000.
Co got listed as a Public limited company in 1994. Timex Group is America’s Oldest Watchmaker, established in 1854 in Connecticut[1][2]