Timken India Ltd - Stock Valuation and Financial Performance

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

Timken India Ltd Share Price

2,817.75 2.90 0.10%
as on 23-Feb'24 16:59

DeciZen - make an informed investing decision on Timken India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Timken India stock performance -

mw4me loader
P/E Ratio (SA):
59.77
Market Cap:
21,230.1 Cr.
52-wk low:
2,658.7
52-wk high:
3,576

Is Timken India Ltd an attractive stock to invest in?

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 Somewhat overvalued zone.

3. Is Timken India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Timken India Ltd is likely to Fall 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 12.2%19.5%19.1%16.6%14%14.2%16.6%9.8%21.4%20.1%-
Value Creation
Index
-0.10.40.40.20.00.00.2-0.30.60.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7209291,0511,0561,2331,6641,6171,4112,2032,8072,814
Sales YoY Gr.-29%13.1%0.5%16.8%34.9%-2.8%-12.8%56.2%27.4%-
Adj EPS 6.411.813.614.113.719.632.519.343.349.847.2
YoY Gr.-83.7%14.9%3.9%-2.8%42.7%66.2%-40.8%125%15.1%-
BVPS (₹) 56.264.57890.9103.3178.3209.6178.6220.3270.8302.5
Adj Net
Profit
43.780.392.395.993.2147244145326375355
Cash Flow from Ops. 43.642.51011643924934818932.9341-
Debt/CF from Ops. 0.10.100.10.40.10.10.20.90.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 16.3%17.9%20.2%27.4%
Adj EPS 25.6%29.5%15.3%15.1%
BVPS19.1%21.3%8.9%23%
Share Price 32.6% 38.7% 29.4% -5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
12.119.619.116.714.114.416.89.921.720.316.5
Op. Profit
Mgn %
10.114.415.41513.417.422.41823.22018.7
Net Profit
Mgn %
6.18.68.89.17.68.815.110.314.813.412.6
Debt to
Equity
0000000000-
Working Cap
Days
262236244208215238236261222207100
Cash Conv.
Cycle
9280766664656989859174

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 20.18%

Net Profit is growing at healthy rate in last 3 years 15.32%

Return on Equity has declined versus last 3 years average to 16.50%

Sales growth is not so good in last 4 quarters at 5.35%

Latest Financials - Timken India Ltd.

Standalone Consolidated
TTM EPS (₹) 47.2 -
TTM Sales (₹ Cr.) 2,814 -
BVPS (₹.) 302.5 -
Reserves (₹ Cr.) 2,200 -
P/BV 9.33 -
PE 59.77 -
From the Market
52 Week Low / High (₹) 2658.70 / 3575.95
All Time Low / High (₹) 20.00 / 3760.80
Market Cap (₹ Cr.) 21,230
Equity (₹ Cr.) 75.2
Face Value (₹) 10
Industry PE 44.2

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 (%)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

Timken India Ltd Stock News

Timken India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Timken India on 23-Feb-2024 16:59 is ₹2,817.8.
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 23-Feb-2024 16:59 the market cap of Timken India stood at ₹21,230.1.
The latest P/E ratio of Timken India as of 23-Feb-2024 16:59 is 59.77.
The latest P/B ratio of Timken India as of 23-Feb-2024 16:59 is 9.33.
The 52-week high of Timken India is ₹3,576 and the 52-week low is ₹2,658.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Timken India is ₹2,814 ( 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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