Timken India Ltd

Timken India is primarily into the manufacture and distribution of tapered roller bearings, components and accessories for the automotive sector and the railway industry. It also provides maintenance contract services and refurbishment services.

  • Market Cap: 6,785 Cr.
  • Current Price: 902.05
  • 52 weeks High / Low 1101.00 / 625.25
  • Book Value: 209.61
  • Stock P/E: 27.57
  • Dividend Yield: 0.11 %
  • ROCE: 21.67 %
  • ROE: 14.55 %
  • Sales Growth (3Yrs): 16.88 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company is virtually debt free.
Cons:
Promoter holding has decreased over last 3 years: -7.20%

Peer comparison Sector: Auto Ancillaries // Industry: Bearings

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Quarterly Results Figures in Rs. Crores

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
300 310 279 345 418 414 385 448 438 401 373 406
258 256 258 299 356 344 329 347 343 311 289 312
Operating Profit 42 54 21 46 62 70 55 101 95 90 84 94
OPM % 14% 17% 7% 13% 15% 17% 14% 23% 22% 22% 23% 23%
Other Income 2 14 3 2 2 4 3 7 4 6 5 7
Interest 0 0 0 0 1 1 0 0 0 0 2 0
Depreciation 11 12 9 11 17 20 20 22 21 19 18 19
Profit before tax 33 57 14 37 47 53 38 86 78 77 69 82
Tax % 34% 34% 33% 35% 35% 35% 30% 33% 35% 35% -22% 26%
Net Profit 22 37 9 24 30 35 26 57 50 50 85 61
EPS in Rs 3.22 5.48 1.35 3.48 4.05 4.59 3.51 7.61 6.71 6.62 11.24 8.14
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Dec 2007 Dec 2008 Dec 2009 Dec 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
337 404 316 462 828 686 719 926 1,042 1,056 1,233 1,664 1,618
280 338 275 397 721 613 646 792 880 898 1,070 1,375 1,255
Operating Profit 57 66 41 64 106 73 73 134 162 158 163 289 363
OPM % 17% 16% 13% 14% 13% 11% 10% 14% 16% 15% 13% 17% 22%
Other Income 10 23 14 19 20 5 10 6 3 10 21 16 23
Interest 1 1 0 1 1 1 1 1 1 1 1 2 3
Depreciation 10 10 10 11 15 14 16 17 22 29 43 79 77
Profit before tax 56 78 45 71 111 64 66 122 142 138 140 224 306
Tax % 33% 32% 28% 28% 27% 31% 32% 34% 35% 30% 34% 34%
Net Profit 37 53 33 51 81 44 45 81 92 97 92 149 246
EPS in Rs 5.87 8.32 5.11 8.01 7.53 6.58 5.48 11.25 13.50 14.30 13.53 19.76 32.71
Dividend Payout % 0% 0% 0% 0% 158% 29% 99% 25% 7% 7% 7% 5%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:15.21%
5 Years:18.28%
3 Years:16.88%
TTM:-2.80%
Compounded Profit Growth
10 Years:11.33%
5 Years:26.68%
3 Years:16.69%
TTM:65.55%
Stock Price CAGR
10 Years:21.74%
5 Years:8.93%
3 Years:9.20%
1 Year:30.40%
Return on Equity
10 Years:15.60%
5 Years:16.25%
3 Years:14.97%
Last Year:14.55%

Balance Sheet Figures in Rs. Crores

Dec 2007 Dec 2008 Dec 2009 Dec 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
64 64 64 64 64 64 68 68 68 68 68 75 75
Reserves 180 233 266 317 249 278 314 370 462 550 634 1,266 1,501
Borrowings 0 0 0 0 15 0 3 3 4 8 16 23 24
58 84 59 108 131 122 114 144 168 251 261 412 377
Total Liabilities 303 381 389 489 459 463 500 585 702 877 979 1,776 1,977
53 53 57 58 80 79 97 107 137 231 251 795 748
CWIP 10 17 11 2 10 26 26 27 21 58 54 64 157
Investments 82 113 169 210 66 32 23 17 38 91 55 176 13
157 197 152 218 304 326 354 435 506 498 619 742 1,060
Total Assets 303 381 389 489 459 463 500 585 702 877 979 1,776 1,977

Cash Flows Figures in Rs. Crores

Dec 2007 Dec 2008 Dec 2009 Dec 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
32 37 58 38 34 13 44 42 101 164 39 249
-30 -39 -56 29 -50 -17 -30 -23 -67 -126 -64 -106
-2 -1 -0 -0 -132 -16 -14 -26 1 -5 -2 -23
Net Cash Flow -0 -3 2 67 -148 -20 -0 -7 36 34 -27 119

Ratios Figures in Rs. Crores

Dec 2007 Dec 2008 Dec 2009 Dec 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 24% 28% 14% 20% 30% 19% 19% 30% 30% 24% 21% 22%
Debtor Days 72 71 59 65 48 69 75 69 68 66 66 66
Inventory Turnover 2.98 2.78 2.13 2.74 3.77 2.90 3.23 3.65 3.57 3.32 3.42 3.30