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Timken India Ltd Stock Analysis

Mid Cap
Evaluated by 1656 users | BSE: 522113 | NSE: TIMKEN |
Bearings

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...

1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

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
 Dec'10Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 14.05%23.1%13.49%12.2%19.52%19.35%16.62%13.99%14.24%16.64%
Value Creation Index NA0.930.120.020.630.610.390.170.190.39
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 4636656897209291,0511,0561,2331,6641,618
Y-o-Y Gr. Rt.-43.6%3.6%4.6%29%13.1%0.5%16.8%34.9%-2.8%
Adjusted EPS (Rs.) 7.7310.166.946.4311.8113.7814.113.719.5532.5
Y-o-Y Gr. Rt.-31.4%-31.7%-7.4%83.7%16.7%2.3%-2.8%42.7%66.2%
Book Value per Share (Rs.) 59.7339.3153.5956.2364.4977.9690.88103.3178.27209.64
Adjusted Net Profit 49.364.844.243.780.393.795.993.2147244
Net Op. Cash Flow (Rs. Cr.) 38.427.313.143.642.510116439249357
Debt to Cash Flow from Ops 00.4300.070.060.040.050.410.090.06
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Timken India Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 14.9%11.7%15.3%-2.8%
Adjusted EPS 17.3%22.4%32.1%66.2%
Book Value per Share 1526.632.117.6
Share Price 23.6% 22.8% 10.5% 34.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Dec'10Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 13.8823.3413.5212.0819.5619.3516.714.1214.3916.75
Operating Profit Margin (%) 13.913.5510.8510.0614.4115.4414.9613.3817.3522.45
Net Profit Margin (%) 10.649.756.426.078.648.929.087.558.8315.11
Debt to Equity 00.0500.010.010.010.010.020.020.01
Working Capital Days 180142195210236244208215238263
Cash Conversion Cycle 51457892807666646569
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 67.80%
Institutions 13.33%
Non-Institutions 18.86%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Timken India Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that Timken India Ltd is a good quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Timken India Ltd's performance infers:

Timken India Ltd earnings have grown by 22.4%, whereas share price has appreciated 22.8% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Timken India Ltd share prices over the last 10 years. Here is what we found out:

Timken India Ltd share price has appreciated 21.7% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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