Timken India Ltd

Timken India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Timken India Ltd

₹ 3,630 -0.18%
29 May - close price
timken.com BSE: 522113 NSE: TIMKEN
About

Timken India Ltd is engaged in the manufacturing, distribution and sale of anti-friction bearings, components, accessories and mechanical power transmission products for the customer base across different sectors. It also provided maintenance contracts and refurbishment services and industrial services.
It was incorporated in 1987 and is a part of the global Timken Group.[1][2]

Key Points

History
Timken India Limited was incorporated in 1987 as Tata Timken Limited, a JV between Tata Iron and Steel Company and The Timken Company. It commenced commercial production at its Jamshedpur plant in March 1992. TISCO and TIMKEN each held a 40% equity stake in the company and the public held the rest.
In 1999, Timken acquired from Tata Steel its 40% stake in Tata Timken Limited. The name of the Company was changed to Timken India Limited on July 2, 1999. [1]

Website BSE NSE
  • Market Cap ₹ 27,307 Cr.
  • Current Price ₹ 3,630
  • High / Low ₹ 3,775 / 2,800
  • Stock P/E 68.6
  • Book Value ₹ 395
  • Dividend Yield 0.99 %
  • ROCE 18.3 %
  • ROE 13.7 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 23.4%

Cons

  • Stock is trading at 9.18 times its book value
  • Promoter holding has decreased over last 3 years: -16.8%

* 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

Industrials Capital Goods Industrial Products Abrasives & Bearings

Part of BSE 500 BSE Capital Goods Nifty 500 Nifty MNC Nifty500 Shariah

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
803 718 682 612 898 784 753 671 940 809 773 764 1,073
650 582 546 510 699 643 620 565 730 666 635 669 838
Operating Profit 153 136 136 102 199 141 133 107 210 142 138 96 235
OPM % 19% 19% 20% 17% 22% 18% 18% 16% 22% 18% 18% 13% 22%
7 9 10 11 11 12 12 13 14 10 10 6 3
Interest 1 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 21 21 21 21 22 22 21 21 21 21 27 29 30
Profit before tax 137 123 124 91 187 130 124 98 202 130 121 72 207
Tax % 24% 27% 25% 26% 24% 26% 27% 24% 7% 20% 26% 31% 25%
105 90 93 68 141 96 90 74 187 104 89 50 155
EPS in Rs 13.89 11.98 12.37 8.98 18.80 12.80 11.96 9.88 24.84 13.86 11.89 6.63 20.58
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
926 1,042 1,056 1,233 1,664 1,618 1,411 2,203 2,807 2,910 3,148 3,419
792 880 898 1,070 1,375 1,254 1,159 1,692 2,246 2,337 2,556 2,808
Operating Profit 134 162 158 163 289 363 252 511 560 572 592 612
OPM % 14% 16% 15% 13% 17% 22% 18% 23% 20% 20% 19% 18%
6 3 10 21 16 23 20 14 53 41 50 28
Interest 1 1 1 1 2 3 1 2 3 4 4 4
Depreciation 17 22 29 43 79 77 75 84 87 85 85 106
Profit before tax 122 142 138 140 224 306 195 438 524 524 553 530
Tax % 34% 35% 30% 34% 34% 20% 27% 25% 25% 25% 19% 25%
81 92 97 92 149 246 143 327 391 392 447 398
EPS in Rs 11.87 13.50 14.29 13.53 19.76 32.72 19.04 43.49 51.95 52.13 59.48 52.96
Dividend Payout % 25% 7% 7% 7% 5% 153% 8% 3% 3% 5% 61% 5%
Compounded Sales Growth
10 Years: 13%
5 Years: 19%
3 Years: 7%
TTM: 9%
Compounded Profit Growth
10 Years: 16%
5 Years: 23%
3 Years: 1%
TTM: -11%
Stock Price CAGR
10 Years: 21%
5 Years: 22%
3 Years: 3%
1 Year: 16%
Return on Equity
10 Years: 16%
5 Years: 18%
3 Years: 16%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 68 68 68 68 75 75 75 75 75 75 75 75
Reserves 370 462 550 634 1,266 1,501 1,268 1,582 1,962 2,342 2,770 2,898
3 4 8 16 23 24 35 32 31 25 17 15
144 168 251 261 411 377 510 505 489 545 564 763
Total Liabilities 585 702 877 979 1,775 1,977 1,888 2,194 2,557 2,988 3,425 3,751
107 137 231 251 795 748 818 860 843 853 809 1,446
CWIP 27 21 58 54 64 157 97 50 53 104 592 101
Investments 17 38 91 55 176 13 0 99 236 161 117 180
435 506 498 619 741 1,060 973 1,185 1,424 1,870 1,908 2,025
Total Assets 585 702 877 979 1,775 1,977 1,888 2,194 2,557 2,988 3,425 3,751

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
42 101 164 39 249 357 189 33 341 340 387 437
-23 -67 -126 -64 -106 -110 -67 -75 -45 -228 -337 -404
-26 1 -5 -2 -23 -17 -379 -15 -15 -17 -27 -279
Net Cash Flow -7 36 34 -27 119 230 -257 -57 281 94 23 -246
Free Cash Flow 16 35 34 -32 131 237 111 -47 280 81 14 140
CFO/OP 65% 94% 129% 47% 112% 121% 93% 29% 88% 82% 89% 94%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 69 68 66 66 66 66 96 89 75 82 81 85
Inventory Days 110 108 111 121 125 124 171 171 125 142 124 136
Days Payable 57 65 92 97 92 91 156 100 76 82 76 105
Cash Conversion Cycle 122 110 85 90 99 99 112 160 124 142 129 116
Working Capital Days 98 91 70 96 80 74 86 117 102 111 107 115
ROCE % 30% 30% 24% 21% 22% 21% 13% 29% 28% 23% 21% 18%

Insights

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Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Manufacturing Facilities
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Number of Employees
Number
Number of Distribution Centers
Number
Total Capex Investment
INR Million
Bharuch Plant Target Utilization (Exit)
%
Revenue Mix - Distribution / Industrial Aftermarket
%
Revenue Mix - Exports
%
Revenue Mix - Rail
%

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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
57.70% 57.70% 57.70% 57.70% 51.05% 51.05% 51.05% 51.05% 51.05% 51.05% 51.05% 51.05%
6.56% 6.71% 7.13% 7.20% 12.53% 13.14% 12.97% 10.68% 9.44% 7.39% 6.94% 6.96%
19.11% 19.68% 22.57% 23.62% 25.57% 24.80% 24.93% 26.80% 27.68% 29.72% 30.15% 30.63%
16.64% 15.91% 12.59% 11.45% 10.84% 11.02% 11.04% 11.46% 11.82% 11.84% 11.85% 11.35%
No. of Shareholders 74,33973,42970,04062,83866,16269,09371,43876,27077,82776,56674,63771,023

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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