Timken India Ltd Stock Analysis

BSE: 522113 | NSE: TIMKEN | Bearings | Large Cap

BSE Share Price 01-Dec-2022 18:01
3523.00 216.50 (6.55%)

DeciZen - Make an Informed Decision on Timken India

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Timken India Price Chart

P/E Ratio (SA) :
65.14
Market Cap :
26,499.6 Cr.
52-wk low :
1,714.8
52-wk high :
3,760.8
Bole Toh?

1. Is Timken India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Timken India Ltd is a good quality company.

2. Is Timken India Ltd undervalued or overvalued?

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

3. Is Timken India Ltd a good buy now?

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

10 Year X-Ray of Timken India:

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.
Timken India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 13.5%12.2%19.5%19.4%16.6%14%14.2%16.6%9.8%21.4%-
Value Creation Index -0.0-0.10.40.40.20.00.00.2-0.30.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6897209291,0511,0561,2331,6641,6171,4112,2032,572
YoY Gr. Rt. %-4.6%29%13.1%0.5%16.8%34.9%-2.8%-12.8%56.2%-
Adj EPS 6.96.411.813.814.113.719.632.519.343.354.1
YoY Gr. Rt. %--7.4%83.7%16.7%2.3%-2.8%42.7%66.2%-40.8%125%-
BVPS (₹) 53.656.264.57890.9103.3178.3209.6178.6220.3247.5
Adj Net Profit 44.243.780.393.795.993.2147244145326407
Cash Flow from Ops. 13.143.642.51011643924934818932.9-
Debt/CF from Ops. 00.10.100.10.40.10.10.20.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.8%15.8%9.8%56.2%
Adj EPS 22.6%25.2%30.4%125%
BVPS 1719.47.323.3
Share Price 33.3% 32.7% 58.4% 65.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 13.512.119.619.416.714.114.416.89.921.723.1
Op. Profit Mgn % 10.910.114.415.41513.417.422.41823.223.2
Net Profit Mgn % 6.46.18.68.99.17.68.815.110.314.815.8
Debt to Equity 00000000000
Working Cap Days 195210236244208215238236261222192
Cash Conv. Cycle 78928076666465698985134

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 23.10%

Net Profit is growing at healthy rate in last 3 years 30.36%

Sales growth is good in last 4 quarters at 36.92%

Sales growth has been subdued in last 3 years 9.81%

Latest Financials - Timken India Ltd.

Standalone Consolidated
TTM EPS (₹) 54.1 -
TTM Sales (₹ Cr.) 2,572 -
BVPS (₹.) 247.5 -
Reserves (₹ Cr.) 1,787 -
P/BV 14.23 -
PE 65.14 -
From the Market
52 Week Low / High (₹) 1714.80 / 3760.80
All Time Low / High (₹) 20.00 / 3760.80
Market Cap (₹ Cr.) 26,500
Equity (₹ Cr.) 75.2
Face Value (₹) 10
Industry PE 50

Management X-Ray of Timken India :

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Timken India

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Timken India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Timken India on 01-Dec-2022 18:01 is : 3,523.
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 01-Dec-2022 18:01 the market cap of Timken India stood at ₹ 26,499.6.
The latest PE ratio of Timken India as of 01-Dec-2022 18:01 is 65.14.
The latest PB ratio of Timken India as of 01-Dec-2022 18:01 is 14.23
The 52-week high of Timken India is ₹ 3,760.8 and the 52-week low is ₹ 1,714.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Timken India is ₹ 2,572 ( Cr.) .

About Timken India Ltd

Timken India Ltd., (TIL) a Timken Company subsidiary, started manufacturing bearings in India nearly three decades ago and today has state-of-the-art manufacturing plants in Jamshedpur and Bharuch to serve local bearing market needs and beyond. Employing the highly collaborative technical selling model for which Timken is known, the India team works directly with large OEM customers and with end users through a network of authorized distributors to make design and application recommendations to optimize performance and reliability. The Timken Technology Centre in Bangalore, one of four such centres in the world, provides customers access to engineering expertise and the latest technological advancements. It also offers a breadth of bearing repair and related mechanical power transmission services to its customers. Timken India was incorporated in 1987 as Tata Timken Limited (TTL), a joint venture between Tata Iron and Steel Company (TISCO) and The Timken Company, a world leader in bearings. It commenced commercial production at its Jamshedpur plant in March 1992. The Timken Company is a world leader in tapered roller bearings.

Business area of the company

The company actively operates in Indian anti-friction bearings, mechanical power transmission products and related services business.

Products and services of the company

The company offers a growing portfolio of engineered bearings, mechanical power transmission products and industrial services to keep industries moving efficiently and reliably.

Awards

2017-18

  • Best safety award from JSW, Bellary MILLTEC site.
  • Sustainability Award from Mahindra and Mahindra.
  • Sustainable supplier award from TATA motors.
  • Quality Focus, responsiveness and cost efficiency award from Spicer India.
  • Platinum award for Delivery by Automotive Axles.
  • Hallmark International Railway Industry Standard (IRIS) certification highly valued by global rail customers.
  • Winner of Kaizen and Poka-yoke competition in Confederation of Indian Industries.
  • Silver certificate of merit for manufacturing excellence by Frost & Sullivan & FICCI.

2018-19

  • On-Time delivery award by Terex in Sept’18
  • Received Authorized Economic Operator (AEO) certificate from Central Board of Excise & Customs.

2019-20

  • Excellence in Manufacturing from Indo-American Corporate Excellence Award.
  • DL Shah Quality Award- Silver award for 'The Yield and Productivity Improvement’.
  • Award for Energy Efficiency in Supply Chain by Tata Motors.
  • Recipient of the award for Best Supplier from TATA Motors.
  • Dana award for Expand Global Markets, recognizing successful and substantial efforts put in by a Supplier to support them across platforms and geographies.
  • GE India conferred 'Best Supplier Support' award Opportunities.
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