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Timex Group India Ltd (TIMEX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500414 NSE: TIMEX Watches & Accessories | Small Cap | Timex Group India Share Price

₹715.55 104.30 (17.06%)

As on 18-Sep'26 16:59

Timex Group India Ltd (TIMEX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500414 NSE: TIMEX Watches & Accessories | Small Cap | Timex Group India Share Price

₹715.55 104.30 (17.06%)

As on 18-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹7,223 Cr.
Current Price
₹715.6
52-Week Low / High
₹237 / 729
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
69.1
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
48.41%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
51.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹10.1 Cr.
Face Value
₹1
All Time Low / High
₹6.65 / 688.50

Timex Group India stock performance

Key Ratios
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Valuation

Overvalued

Price Trend

Strong
Q.1 Is Timex Group India Ltd a good quality company?
Timex Group India Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Timex Group India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Timex Group India Ltd vs industry peers?
Timex Group India Ltd revenue CAGR is %, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Timex Group India Ltd?
Promoters hold 51.00% of the Timex Group India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Timex Group India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 32% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Timex Group India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % -1.8%25.3%21.5%2.3%-20.8%20.5%56.3%37.6%46.2%83.2%-
Value Creation
Index
NA0.80.5NANA0.53.01.72.34.9-

Growth Parameters

Sales 200207242252141264383419538799849
Sales YoY Gr.-3.6%16.6%4.3%-44.1%87.7%45%9.3%28.5%48.4%-
Adj EPS -0.30.70.8-0.1-0.90.44.723.188.5
YoY Gr.-NA14.3%-117.5%NANA1228.6%-57.4%55.6%158.1%-
BVPS (₹) -6.7-6-5.3-5.5-6.3-6-1.40.72.57.510
Adj Net
Profit
-3.37.18.1-1.4-8.73.5472031.180.286
Cash Flow from Ops. -23-0.86.49.522.4-17.79.832.5-3.291-
Debt/CF from Ops. -1.1-37.74.22.20.1-1.42.50.1-10.80.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 16.6%41.5%27.7%48.4%
Adj EPS NANA19.6%158.1%
BVPSNANANA198.4%
Share Price 32% 71.7% 66.1% 101.4%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
43.261.142.8-6.5-52.425123.528.237.682.297.7
Op. Profit
Mgn %
0.85.151.7-2.53.210.27.88.914.615.1
Net Profit
Mgn %
-1.73.43.3-0.6-6.21.312.34.85.810.110.1
Debt to
Equity
3.21.91.210.21.50.400.40.3-
Working Cap
Days
18714814914726512211412611910259
Cash Conv.
Cycle
2219232947224148533927

Valuation of Timex Group India - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

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Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

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Announcements

Timex Group India Ltd FAQs

The current trading price of Timex Group India on 18-Sep-2026 16:59 is ₹715.5.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 17-Sep-2026 the market cap of Timex Group India stood at ₹7,223.5 Cr

The latest P/E ratio of Timex Group India as of 17-Sep-2026 is 84.20.

The latest P/B ratio of Timex Group India as of 17-Sep-2026 is 71.94.

The 52-week high of Timex Group India is ₹729.0 and the 52-week low is ₹237.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Timex Group India is ₹849 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Timex Group India Ltd is a below average quality company.

The key valuation ratios of Timex Group India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Timex Group India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Timex Group India Ltd

The Timex Group India was incorporated in 1988 as a joint venture between Timex Corporation USA and Titan Watches (a Tata company) to manufacture watches.

Timex Group designs manufactures and markets innovative timepieces and jewelry globally. Timex, founded in 1854, has expanded to become Timex Group, with numerous brands and over 5,000 employees worldwide. For over 150 years, Timex has been providing innovative, well-designed and reliable timepieces with hundreds of styles among its Fashion, Sports and Outdoor lines and has sold more than one-billion watches.

One of the largest watch makers in the world, the Timex Group companies market global brands including Timex, Versace, Valentino, Salvatore Ferragamo, Guess, GC, Vincent Berard, Versus, TX, Marc Ecko, Nautica and Opex. Timex Group is privately held.

Timex Group’s businesses and exclusive worldwide licenses include Timex Business Unit (Timex, Timex Ironman, Opex); Timex Group Luxury Watches (Valentino Timeless, Salvatore Ferragamo Timepieces); Sequel (Guess, Gc); Vertime (Versace, Versus); Vincent Bérard; and Callanen International (TX, Nautica, Marc Ecko).Timex Group’s vast supply chain network produces and distributes quality timepieces and jewelry through multiple locations across the globe. An extensive network and close partnership with leading logistics service providers allow us to support the global requirements of our brands and customers.

The wide-ranging capabilities of Timex Group’s manufacturing and distribution are underpinned by years of experience in producing mechanical timepieces combined with the latest innovations in performance and electronics technology. In-house manufacturing includes precision watch parts and movements, assembly and distribution. Timely fulfillment of all production is ensured through extensive planning and scheduling systems augmented with the latest in process and quality controls.

Timex Group built its reputation as the pioneer in timekeeping and jewelry by harnessing the power and possibility of time. From the first clock and wristwatch we produced through data integration - from classic, time-honored designs through exclusive, luxury collector's pieces -- Timex Group continues to deliver unparalleled quality to a highly diverse and global customer.

Milan to Hong Kong, design sensibility and creativity inspire multiple lifestyle brands. From the hallmark everyday watches on which we built our reputation, to the exclusive, high-end offerings in our portfolio today, we are equipped to meet the needs of our brand partners.

Designer Giorgio Galli and his Milan-based company have built an international presence and outstanding reputation as a leader in the field of modern timekeeping and jewelry design. The Giorgio Galli Design Lab has been creating elaborate watches for Timex Group for over a decade. In July 2007, Timex Group purchased the Giorgio Galli Design Lab.

Timex established it’s state-of-the-art precision Tool room and Injection molding facility in 1992 for manufacturing of precision plastics parts to support the watch business. The Toolroom and Injection moulding facility was commercialized in the year 1998 and has been renamed as Timex Group Precision Engineering Limited .

By leveraging 15 years of experience, the Precision Engineering Division of Timex has established itself as one of the leading commercial Toolrooms in the country.

In 2006 Timex Brand Ambassador Brett Lee unveiled the 'new look' Timex.

Timex Group's unwavering commitment to corporate social responsibility is an integral part of our core values. Its CSR stated mission is to identify, track and address responsibly the social, environmental and economic impact of our business globally.

Product range of the company includes :

  • Men’s collection- SLX Series, Retrogrades, Perpetual Calandar, Chronographs, Fashion, Outdoor, Sports, Fitness and Advanced, Empera, Formals, World Time.
  • Women’s collection- Fashion, Empera, Formals.
  • Pair collection- Fashion, Empera, Formals.
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