Timken India Ltd
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]
- Market Cap ₹ 21,052 Cr.
- Current Price ₹ 2,799
- High / Low ₹ 3,761 / 1,713
- Stock P/E 51.6
- Book Value ₹ 248
- Dividend Yield 0.05 %
- ROCE 28.7 %
- ROE 21.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 27.5% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 54.7%
Cons
- Stock is trading at 11.3 times its book value
* 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: Auto Ancillaries Industry: Bearings
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Dec 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
462 | 828 | 686 | 719 | 926 | 1,042 | 1,056 | 1,233 | 1,664 | 1,617 | 1,411 | 2,203 | 2,671 | |
397 | 727 | 613 | 646 | 792 | 880 | 898 | 1,070 | 1,375 | 1,254 | 1,159 | 1,692 | 2,084 | |
Operating Profit | 65 | 100 | 73 | 73 | 134 | 162 | 158 | 163 | 289 | 363 | 252 | 511 | 587 |
OPM % | 14% | 12% | 11% | 10% | 14% | 16% | 15% | 13% | 17% | 22% | 18% | 23% | 22% |
19 | 26 | 5 | 10 | 6 | 3 | 10 | 21 | 16 | 23 | 20 | 14 | 51 | |
Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 2 | 3 |
Depreciation | 11 | 15 | 14 | 16 | 17 | 22 | 29 | 43 | 79 | 77 | 75 | 84 | 88 |
Profit before tax | 71 | 111 | 64 | 66 | 122 | 142 | 138 | 140 | 224 | 306 | 195 | 438 | 548 |
Tax % | 28% | 27% | 31% | 32% | 34% | 35% | 30% | 34% | 34% | 20% | 27% | 25% | |
Net Profit | 51 | 81 | 44 | 45 | 81 | 92 | 97 | 92 | 149 | 246 | 143 | 327 | 408 |
EPS in Rs | 8.01 | 12.66 | 6.94 | 6.58 | 11.87 | 13.50 | 14.29 | 13.53 | 19.76 | 32.72 | 19.04 | 43.49 | 54.20 |
Dividend Payout % | -0% | 158% | 29% | 99% | 25% | 7% | 7% | 7% | 5% | 153% | 8% | 3% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 16% |
3 Years: | 10% |
TTM: | 33% |
Compounded Profit Growth | |
---|---|
10 Years: | 16% |
5 Years: | 28% |
3 Years: | 30% |
TTM: | 58% |
Stock Price CAGR | |
---|---|
10 Years: | 35% |
5 Years: | 32% |
3 Years: | 57% |
1 Year: | 30% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 16% |
3 Years: | 16% |
Last Year: | 22% |
Balance Sheet
Figures in Rs. Crores
Dec 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
64 | 64 | 64 | 68 | 68 | 68 | 68 | 68 | 75 | 75 | 75 | 75 | 75 | |
Reserves | 317 | 249 | 278 | 314 | 370 | 462 | 550 | 634 | 1,266 | 1,501 | 1,268 | 1,582 | 1,787 |
-0 | 15 | -0 | 3 | 3 | 4 | 8 | 16 | 23 | 24 | 35 | 32 | 22 | |
108 | 131 | 122 | 114 | 144 | 168 | 251 | 261 | 411 | 380 | 510 | 505 | 516 | |
Total Liabilities | 489 | 459 | 463 | 500 | 585 | 702 | 877 | 979 | 1,775 | 1,980 | 1,888 | 2,194 | 2,400 |
58 | 80 | 79 | 97 | 107 | 137 | 231 | 251 | 795 | 748 | 818 | 860 | 854 | |
CWIP | 2 | 10 | 26 | 26 | 27 | 21 | 58 | 54 | 64 | 157 | 97 | 50 | 45 |
Investments | 210 | 66 | 32 | 23 | 17 | 38 | 91 | 55 | 176 | 13 | 0 | 99 | 193 |
218 | 304 | 326 | 354 | 435 | 506 | 498 | 619 | 741 | 1,063 | 973 | 1,185 | 1,307 | |
Total Assets | 489 | 459 | 463 | 500 | 585 | 702 | 877 | 979 | 1,775 | 1,980 | 1,888 | 2,194 | 2,400 |
Cash Flows
Figures in Rs. Crores
Dec 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
38 | 34 | 13 | 44 | 42 | 101 | 164 | 39 | 249 | 348 | 189 | 33 | |
29 | -50 | -17 | -30 | -23 | -67 | -126 | -64 | -106 | -104 | -67 | -75 | |
-0 | -132 | -16 | -14 | -26 | 1 | -5 | -2 | -23 | -13 | -379 | -15 | |
Net Cash Flow | 67 | -148 | -20 | -0 | -7 | 36 | 34 | -27 | 119 | 230 | -257 | -57 |
Ratios
Figures in Rs. Crores
Dec 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 65 | 48 | 69 | 75 | 69 | 68 | 66 | 66 | 66 | 66 | 96 | 89 |
Inventory Days | 163 | 113 | 123 | 112 | 110 | 108 | 111 | 121 | 125 | 124 | 171 | 171 |
Days Payable | 122 | 75 | 58 | 60 | 57 | 65 | 92 | 97 | 92 | 92 | 156 | 100 |
Cash Conversion Cycle | 106 | 87 | 134 | 128 | 122 | 110 | 85 | 90 | 99 | 98 | 112 | 160 |
Working Capital Days | 81 | 68 | 98 | 106 | 99 | 93 | 73 | 101 | 85 | 78 | 95 | 122 |
ROCE % | 20% | 30% | 19% | 19% | 30% | 30% | 24% | 21% | 22% | 21% | 13% | 29% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 10h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 16 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 10 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 9 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 6 Mar
Annual reports
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Financial Year 2022
from bse
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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
from bse
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2013
from nse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
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Financial Year 2010
from bse
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Financial Year 2009
from nse
Concalls
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Dec 2022TranscriptPPT
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Jun 2022TranscriptPPT
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Jun 2016TranscriptNotesPPT
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]