Timex Group India Ltd Stock Analysis

BSE: 500414 | NSE: TIMEXWATCH | Watches & Accessories | Small Cap

BSE Share Price 09-Dec-2022 10:39
147.50 0.00 (0.00%)

DeciZen - Make an Informed Decision on Timex Group India

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Timex Group India Price Chart

P/E Ratio (SA) :
53.24
Market Cap :
1,489 Cr.
52-wk low :
55
52-wk high :
157.9
Bole Toh?

1. Is Timex Group India Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Timex Group India Ltd is a below average quality company.

2. Is Timex Group India Ltd undervalued or overvalued?

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

3. Is Timex Group India Ltd a good buy now?

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

10 Year X-Ray of Timex Group 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.
Timex Group India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -63.6%-101.1%-68.1%-29.3%-6%22.5%19.8%1.3%-25.3%18.9%-
Value Creation Index NANANANANA0.60.4NANA0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 121124142173200207242252141264360
YoY Gr. Rt. %-1.8%15.2%21.8%15.4%3.6%16.6%4.3%-44.1%87.7%-
Adj EPS -3.9-2.9-1.1-0.6-0.30.70.8-0.1-0.90.42.8
YoY Gr. Rt. %-NANANANANA14.3%-117.5%NANA-
BVPS (₹) -1.1-4.3-5.5-6.4-6.7-6-5.3-5.5-6.3-64.6
Adj Net Profit -39.5-28.8-11.4-6.2-3.37.18.1-1.4-8.73.528
Cash Flow from Ops. 7.3-4.8-8.1-1.4-23-0.86.49.522.4-17.7-
Debt/CF from Ops. 1.4-3.6-3.4-24.3-1.1-37.74.22.20.1-1.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9%5.7%3.1%87.7%
Adj EPS NANA-24.1%NA
BVPS 0000
Share Price 22% 25.9% 63.7% 63.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -76.8-206.3136.832.843.261.142.8-6.5-52.425-395.7
Op. Profit Mgn % -29.1-19.1-4.80.90.85.151.7-2.53.29.1
Net Profit Mgn % -32.5-23.3-8-3.6-1.73.43.3-0.6-6.21.37.8
Debt to Equity 0.3-6.8-2-1.53.21.91.210.21.50
Working Cap Days 412333278239185170149146265136120
Cash Conv. Cycle 18670342122392329473537

Recent Performance Summary

Sales growth is good in last 4 quarters at 77.41%

Return on Equity is Poor

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years -24.09%

Debt to equity has increased versus last 3 years average to 1.53

Latest Financials - Timex Group India Ltd.

Standalone Consolidated
TTM EPS (₹) 2.8 -
TTM Sales (₹ Cr.) 360 -
BVPS (₹.) 4.6 -
Reserves (₹ Cr.) 36 -
P/BV 32.10 -
PE 53.24 -
From the Market
52 Week Low / High (₹) 55.00 / 157.90
All Time Low / High (₹) 6.65 / 157.90
Market Cap (₹ Cr.) 1,489
Equity (₹ Cr.) 10.1
Face Value (₹) 1
Industry PE 32.1

Management X-Ray of Timex Group 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 Timex Group India

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

News

Timex Group India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Timex Group India on 09-Dec-2022 10:39 is : 147.5.
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 09-Dec-2022 10:39 the market cap of Timex Group India stood at ₹ 1,489.
The latest PE ratio of Timex Group India as of 09-Dec-2022 10:39 is 53.24.
The latest PB ratio of Timex Group India as of 09-Dec-2022 10:39 is 32.10
The 52-week high of Timex Group India is ₹ 157.9 and the 52-week low is ₹ 55.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Timex Group India is ₹ 359.9 ( Cr.) .

About Timex Group India Ltd

The Timex Group India was incorporated in 1988 as a joint venture between Timex Corporation USA and Titan Watches (a Tata company) to manufacture watches.

Timex Group designs manufactures and markets innovative timepieces and jewelry globally. Timex, founded in 1854, has expanded to become Timex Group, with numerous brands and over 5,000 employees worldwide. For over 150 years, Timex has been providing innovative, well-designed and reliable timepieces with hundreds of styles among its Fashion, Sports and Outdoor lines and has sold more than one-billion watches.

One of the largest watch makers in the world, the Timex Group companies market global brands including Timex, Versace, Valentino, Salvatore Ferragamo, Guess, GC, Vincent Berard, Versus, TX, Marc Ecko, Nautica and Opex. Timex Group is privately held.

Timex Group’s businesses and exclusive worldwide licenses include Timex Business Unit (Timex, Timex Ironman, Opex); Timex Group Luxury Watches (Valentino Timeless, Salvatore Ferragamo Timepieces); Sequel (Guess, Gc); Vertime (Versace, Versus); Vincent Bérard; and Callanen International (TX, Nautica, Marc Ecko).Timex Group’s vast supply chain network produces and distributes quality timepieces and jewelry through multiple locations across the globe. An extensive network and close partnership with leading logistics service providers allow us to support the global requirements of our brands and customers.

The wide-ranging capabilities of Timex Group’s manufacturing and distribution are underpinned by years of experience in producing mechanical timepieces combined with the latest innovations in performance and electronics technology. In-house manufacturing includes precision watch parts and movements, assembly and distribution. Timely fulfillment of all production is ensured through extensive planning and scheduling systems augmented with the latest in process and quality controls.

Timex Group built its reputation as the pioneer in timekeeping and jewelry by harnessing the power and possibility of time. From the first clock and wristwatch we produced through data integration - from classic, time-honored designs through exclusive, luxury collector's pieces -- Timex Group continues to deliver unparalleled quality to a highly diverse and global customer.

Milan to Hong Kong, design sensibility and creativity inspire multiple lifestyle brands. From the hallmark everyday watches on which we built our reputation, to the exclusive, high-end offerings in our portfolio today, we are equipped to meet the needs of our brand partners.

Designer Giorgio Galli and his Milan-based company have built an international presence and outstanding reputation as a leader in the field of modern timekeeping and jewelry design. The Giorgio Galli Design Lab has been creating elaborate watches for Timex Group for over a decade. In July 2007, Timex Group purchased the Giorgio Galli Design Lab.

Timex established it’s state-of-the-art precision Tool room and Injection molding facility in 1992 for manufacturing of precision plastics parts to support the watch business. The Toolroom and Injection moulding facility was commercialized in the year 1998 and has been renamed as Timex Group Precision Engineering Limited .

By leveraging 15 years of experience, the Precision Engineering Division of Timex has established itself as one of the leading commercial Toolrooms in the country.

In 2006 Timex Brand Ambassador Brett Lee unveiled the 'new look' Timex.

Timex Group's unwavering commitment to corporate social responsibility is an integral part of our core values. Its CSR stated mission is to identify, track and address responsibly the social, environmental and economic impact of our business globally.

Product range of the company includes :

  • Men’s collection- SLX Series, Retrogrades, Perpetual Calandar, Chronographs, Fashion, Outdoor, Sports, Fitness and Advanced, Empera, Formals, World Time.
  • Women’s collection- Fashion, Empera, Formals.
  • Pair collection- Fashion, Empera, Formals.
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