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Timken India Ltd (TIMKEN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522113 NSE: TIMKEN Bearings | Small Cap | Timken India Share Price

₹3,649.70 81.00 (2.27%)

As on 05-Jun'26 16:59

Timken India Ltd (TIMKEN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 522113 NSE: TIMKEN Bearings | Small Cap | Timken India Share Price

₹3,649.70 81.00 (2.27%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹26,843 Cr.
Current Price
₹3,649.7
52-Week Low / High
₹2,832 / 3,775
TTM EPS
₹53
TTM Sales
₹3,419 Cr.
Book Value per Share
₹395.3
P/E Ratio
67.39
Higher than its 5-year historical median
Industry PE
51.1
Price to Book (P/B)
9.03
Lower than its 5-year historical median
Price to Sales (P/S)
7.85
In line with its 5-year historical median
EV/EBITDA
41.60
Higher than its 5-year historical median
Dividend Yield
1.27%
Profitability Efficiency
Return on Equity (ROE)
17.00%
Outperforms industry median
Return on Capital Employed (ROCE)
21.15%
Outperforms industry median
Return on Assets (ROA)
11.99%
Operating Profit Margin
18.8%
Net Profit Margin
14.21%
Gross Profit Margin
20.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
8.19%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
3.35%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
14.09%
Asset Quality
Promoter Holding
51.05%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,898 Cr.
Equity
₹75.2 Cr.
Face Value
₹10
All Time Low / High
₹20.00 / 4816.00

Timken India stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Timken India Ltd a good quality company?
Timken India Ltd is a good quality company, based on a consistently good 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 Timken India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Timken India Ltd vs industry peers?
Timken India Ltd revenue CAGR is 14.25%, compared to the industry median CAGR of 7.70%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Timken India Ltd?
Promoters hold 51.05% of the Timken India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Timken India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 21.2% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 29.2%24%21%21.7%20.9%13.2%28.8%28.1%23.5%21.2%-
Value Creation
Index
1.10.70.60.60.60.01.11.51.10.6-

Growth Parameters

Sales 1,0511,0561,2331,6641,6171,4112,2032,8072,9103,1483,419
Sales YoY Gr.-0.5%16.8%34.9%-2.8%-12.8%56.2%27.4%3.7%8.2%-
Adj EPS 13.614.113.719.632.519.343.349.852.15953
YoY Gr.-3.9%-2.8%42.7%66.2%-40.8%125%15.1%4.5%13.3%-
BVPS (₹) 7890.9103.3178.3209.6178.6220.3270.8321.4378.2395.3
Adj Net
Profit
92.395.993.2147244145326375392444398
Cash Flow from Ops. 1011643924934818932.9341340387-
Debt/CF from Ops. 00.10.40.10.10.20.90.100-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 13%14.3%12.6%8.2%
Adj EPS 17.7%12.7%10.9%13.3%
BVPS19.2%12.5%19.7%17.7%
Share Price 20.7% 22.6% 2.6% 10.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
19.116.714.114.416.89.921.720.317.616.913.7
Op. Profit
Mgn %
15.41513.417.422.41823.22019.718.817.9
Net Profit
Mgn %
8.89.17.68.815.110.314.813.413.514.111.7
Debt to
Equity
00000000000
Working Cap
Days
24420821523823626122220722623895
Cash Conv.
Cycle
76666465698985911009865

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,0511,0561,2331,6641,6171,4112,2032,8072,9103,148
Operating Expenses + 8898981,0701,3751,2541,1591,6932,2462,3372,556
Manufacturing Costs104109150187162160247285293316
Material Costs6316247289298597861,1941,6601,7171,900
Employee Cost 687491123124119141159164170
Other Costs 859210213810994111143164170
Operating Profit 162158163289363252511560572592
Operating Profit Margin (%) 15.4%15.0%13.2%17.3%22.4%17.9%23.2%20.0%19.7%18.8%
Other Income + 6102116232014534150
Exceptional Items -3000000000
Interest 1112312344
Depreciation 22294379777584878585
Profit Before Tax 142138140224306195438524524553
Tax 504148756052111133132105
Profit After Tax 929792149246143327391392447
PAT Margin (%) 8.7%9.2%7.5%8.9%15.2%10.2%14.9%13.9%13.5%14.2%
Adjusted EPS (₹)13.514.313.519.832.719.043.552.052.159.5
Dividend Payout Ratio (%)7.40%7%7.40%5.10%152.80%7.90%3.50%2.90%4.80%58.90%

Valuation of Timken India - Standalone

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

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 5306187021,3411,5771,3441,6572,0372,4172,845
Share Capital 68686875757575757575
Reserves 4625506341,2661,5011,2681,5821,9622,3422,770
Debt +4816232033302960
Long Term Debt0000000000
Short Term Debt4816232033302960
Minority Interest0000000000
Trade Payables113157197233216335329344386397
Others Liabilities 37891471634443476591485637773
Total Liabilities 1,0258741,3862,2322,2552,1882,6062,8963,4464,015

Fixed Assets

Net Fixed Assets +137231251795748808850833843799
Gross Block1602823429669861,1171,2421,3061,3931,427
Accumulated Depreciation225191172238310392473550628
CWIP 21585464157975053104592
Investments 38915517613099236161117
Inventories186188245317291369558569667645
Trade Receivables193192223302291371539576652700
Cash Equivalents 3318272441717418162331397
Others Assets 41696530555338368492467688765
Total Assets 1,0258741,3862,2322,2552,1882,6062,8963,4464,015

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1011643924934818933341340387
PBT 142138140224306195438524524553
Adjustment 28232975626377675248
Changes in Working Capital -2242-922664-25-368-96-105-72
Tax Paid -51-40-38-75-84-45-114-154-131-141
Cash Flow From Investing Activity + -67-125-64-110-102-69-76-47-228-338
Capex -66-131-71-117-115-78-80-61-259-374
Net Investments -3111-100000
Others 24771494143136
Cash Flow From Financing Activity + 1-5-2-23-13-379-15-15-17-27
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0-1-1-2-3-1-2-3-4-4
Dividend Paid 0-7-7-8-8-376-11-11-11-19
Others 236-14-3-1-1-1-2-4
Net Cash Flow 3634-27116233-259-582799422

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)18.9616.9313.9414.5516.879.8121.821.1617.6117
ROCE (%)29.2323.9620.9721.6720.8813.2228.7728.0523.5221.15
Asset Turnover Ratio1.181.181.110.920.720.630.921.020.920.84
PAT to CFO Conversion(x)1.11.690.421.671.411.320.10.870.870.87
Working Capital Days
Receivable Days60.4062.9060.5057.606785.8075.4072.507778.40
Inventory Days58.1061.1063.2061.7068.7085.4076.8073.4077.5076
Payable Days57.5078.9088.6084.5095.40128101.507477.6075.20

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Timken India Ltd FAQs

The current trading price of Timken India on 05-Jun-2026 16:59 is ₹3,649.7.

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 04-Jun-2026 the market cap of Timken India stood at ₹26,843.3 Cr

The latest P/E ratio of Timken India as of 04-Jun-2026 is 67.39.

The latest P/B ratio of Timken India as of 04-Jun-2026 is 9.03.

The 52-week high of Timken India is ₹3,775 and the 52-week low is ₹2,832.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Timken India is ₹3,419 ( Cr.) .

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

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.

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.

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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