Is Timken India a good quality company?

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

Is Timken India 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 .

What is Timken India share price return in the past 10 years?

Timken India Ltd share price has appreciated 28% annually (CAGR) over the past ten years.

Is Timken India a good buy now?

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

Timken India Ltd - Stock Valuation and Financial Performance

Name: Timken India
Brand: Timken India

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

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Timken India Share Price

₹4,015 -15.85 -0.39%
as on 26-Jul'24 16:01

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	19.5%	19.1%	16.6%	14%	14.2%	16.6%	9.8%	21.4%	20.1%	17.6%	-
Value Creation Index ⓘ	0.4	0.4	0.2	0.0	0.0	0.2	-0.3	0.6	0.8	0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	929	1,051	1,056	1,233	1,664	1,617	1,411	2,203	2,807	2,910	2,910
Sales YoY Gr.	-	13.1%	0.5%	16.8%	34.9%	-2.8%	-12.8%	56.2%	27.4%	3.7%	-
Adj EPS ⓘ	11.8	13.6	14.1	13.7	19.6	32.5	19.3	43.3	49.8	52.1	52.1
YoY Gr.	-	14.9%	3.9%	-2.8%	42.7%	66.2%	-40.8%	125%	15.1%	4.5%	-
BVPS (₹) ⓘ	64.5	78	90.9	103.3	178.3	209.6	178.6	220.3	270.8	321.4	321.4
Adj Net Profit ⓘ	80.3	92.3	95.9	93.2	147	244	145	326	375	392	392
Cash Flow from Ops. ⓘ	42.5	101	164	39	249	348	189	32.9	341	340	-
Debt/CF from Ops. ⓘ	0.1	0	0.1	0.4	0.1	0.1	0.2	0.9	0.1	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.5%	11.8%	27.3%	3.7%
Adj EPS ⓘ	17.9%	21.6%	39.3%	4.5%
BVPSⓘ	19.5%	12.5%	21.6%	18.7%
Share Price	28%	42.3%	37.1%	21.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	19.6	19.1	16.7	14.1	14.4	16.8	9.9	21.7	20.3	17.6	16.2
Op. Profit Mgn % ⓘ	14.4	15.4	15	13.4	17.4	22.4	18	23.2	20	19.7	19.7
Net Profit Mgn % ⓘ	8.6	8.8	9.1	7.6	8.8	15.1	10.3	14.8	13.4	13.5	13.5
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	236	244	208	215	238	236	261	222	207	226	101
Cash Conv. Cycle ⓘ	80	76	66	64	65	69	89	85	91	100	76

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 27.30%

Net Profit is growing at healthy rate in last 3 years 39.33%

Return on Equity has declined versus last 3 years average to 16.20%

Sales growth is not so good in last 4 quarters at 3.25%

Latest Financials - Timken India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	52.1	-
TTM Sales (₹ Cr.)	2,910	-
BVPS (₹.) ⓘ	321.4	-
Reserves (₹ Cr.) ⓘ	2,342	-
P/BV ⓘ	12.47	-
PE ⓘ	76.85	-

From the Market
52 Week Low / High (₹)	2490.05 / 4816.00
All Time Low / High (₹)	20.00 / 4816.00
Market Cap (₹ Cr.)	30,136
Equity (₹ Cr.)	75.2
Face Value (₹)	10
Industry PE ⓘ	57.2

Management X-Ray of Timken India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Timken India

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Timken India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	929	1,051	1,056	1,233	1,664	1,617	1,411	2,203	2,807	2,910
Operating Expenses ⓘ	795	889	898	1,070	1,375	1,254	1,159	1,693	2,246	2,337
Manufacturing Costs	87	104	109	150	187	162	160	247	285	293
Material Costs	558	631	624	728	929	859	786	1,194	1,660	1,717
Employee Cost	67	68	74	91	123	124	119	141	159	164
Other Costs ⓘ	84	85	92	102	138	109	94	111	143	164
Operating Profit ⓘ	134	162	158	163	289	363	252	511	560	572
Operating Profit Margin (%)	14.4%	15.4%	15.0%	13.2%	17.3%	22.4%	17.9%	23.2%	20.0%	19.7%
Other Income ⓘ	6	6	10	21	16	23	20	14	53	41
Interest ⓘ	1	1	1	1	2	3	1	2	3	4
Depreciation ⓘ	17	22	29	43	79	77	75	84	87	85
Exceptional Items ⓘ	0	-3	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	122	142	138	140	224	306	195	438	524	524
Tax ⓘ	42	50	41	48	75	60	52	111	133	132
Profit After Tax	81	92	97	92	149	246	143	327	391	392
PAT Margin (%)	8.7%	8.7%	9.2%	7.5%	8.9%	15.2%	10.2%	14.8%	13.9%	13.5%
Adjusted EPS (₹)	11.9	13.5	14.3	13.5	19.8	32.7	19.0	43.5	52.0	52.1
Dividend Payout Ratio (%)	25%	7%	7%	7%	5%	153%	8%	3%	3%	5%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	438	530	618	702	1,341	1,577	1,344	1,657	2,037	2,417
Share Capital ⓘ	68	68	68	68	75	75	75	75	75	75
Reserves ⓘ	370	462	550	634	1,266	1,501	1,268	1,582	1,962	2,342
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	3	4	8	16	23	20	33	30	29	6
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	3	4	8	16	23	20	33	30	29	6
Trade Payables	86	113	157	197	233	216	335	329	344	386
Others Liabilities ⓘ	333	378	91	471	634	443	476	591	485	637
Total Liabilities ⓘ	860	1,025	874	1,386	2,232	2,255	2,188	2,606	2,896	3,446
Fixed Assets
Gross Block	306	160	282	342	966	986	1,117	1,242	1,306	1,393
Accumulated Depreciation	199	22	51	91	172	238	310	392	473	550
Net Fixed Assetsⓘ	107	137	231	251	795	748	808	850	833	843
CWIP ⓘ	27	21	58	54	64	157	97	50	53	104
Investmentsⓘ	17	38	91	55	176	13	0	99	236	161
Inventories	167	186	188	245	317	291	369	558	569	667
Trade Receivables	174	193	192	223	302	291	371	539	576	652
Cash Equivalents	24	33	18	27	24	417	174	18	162	331
Others Assetsⓘ	344	416	96	530	555	338	368	492	467	688
Total Assets ⓘ	860	1,025	874	1,386	2,232	2,255	2,188	2,606	2,896	3,446

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	42	101	164	39	249	348	189	33	341	340
PBT ⓘ	122	142	138	140	224	306	195	438	524	524
Adjustment ⓘ	13	28	23	29	75	62	63	77	67	52
Changes in Working Capital ⓘ	-49	-22	42	-92	26	64	-25	-368	-96	-106
Tax Paid ⓘ	-44	-51	-40	-38	-75	-84	-45	-114	-154	-131
Cash Flow From Investing Activity ⓘ	-23	-67	-125	-64	-110	-102	-69	-76	-47	-228
Capex	-26	-66	-131	-71	-117	-115	-78	-80	-61	-259
Net Investments	0	-3	1	1	1	-1	0	0	0	0
Others ⓘ	3	2	4	7	7	14	9	4	14	31
Cash Flow From Financing Activityⓘ	-26	1	-5	-2	-23	-13	-379	-15	-15	-17
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	-1	-1	-2	-3	-1	-2	-3	-4
Dividend Paid ⓘ	-20	0	-7	-7	-8	-8	-376	-11	-11	-11
Others ⓘ	-5	2	3	6	-14	-3	-1	-1	-1	-2
Net Cash Flow ⓘ	-7	36	34	-27	116	233	-259	-58	279	94

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	19.66	18.96	16.93	13.94	14.55	16.87	9.81	21.8	21.16	17.61
ROCE (%)	29.74	29.23	23.96	20.97	21.67	20.88	13.22	28.77	28.05	23.52
Asset Turnover Ratio	1.22	1.18	1.18	1.11	0.92	0.72	0.63	0.92	1.02	0.92
PAT to CFO Conversion(x)	0.52	1.1	1.69	0.42	1.67	1.41	1.32	0.1	0.87	0.87
Working Capital Days
Receivable Days	61	60	63	61	58	67	86	75	72	77
Inventory Days	57	58	61	63	62	69	85	77	73	78
Payable Days	52	58	79	89	85	95	128	101	74	78

Timken India Ltd Stock News

Timken India Ltd FAQs

What is the share price of Timken India?

Company share prices are keep on changing according to the market conditions. The closing price of Timken India on 26-Jul-2024 16:01 is ₹4,015.

What is the market cap of Timken India?

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 26-Jul-2024 16:01 the market cap of Timken India stood at ₹30,136.4.

What is the P/E ratio of Timken India?

The latest P/E ratio of Timken India as of 26-Jul-2024 16:01 is 76.85.

What is the P/B ratio of Timken India?

The latest P/B ratio of Timken India as of 26-Jul-2024 16:01 is 12.47.

What is the 52-week high and low of Timken India?

The 52-week high of Timken India is ₹4,816 and the 52-week low is ₹2,490.1.

What is the TTM revenue of Timken India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Timken India is ₹2,910 ( 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.