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Timex Group India Ltd. Stock Analysis

Small Cap
Evaluated by 234 users | BSE: 500414 | NSE: TIMEXWATCH |
Watches & Accessories
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...

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 21.12%10.98%-63.6%-101.12%-68.09%-29.34%-5.97%22.5%19.84%1.33%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 173184121124142173200207242252
Y-o-Y Gr. Rt.-6%-33.8%1.8%15.2%21.8%15.4%3.6%16.6%4.3%
Adjusted EPS (Rs.) 1.360.74-3.91-2.86-1.13-0.61-0.330.70.8-0.14
Y-o-Y Gr. Rt.--45.6%-628.4%NANANANANA14.3%-117.5%
Book Value per Share (Rs.) 2.973.1-1.05-4.32-5.47-6.39-6.74-6.02-5.31-5.49
Adjusted Net Profit 13.87.5-39.5-28.8-11.4-6.2-3.37.18.1-1.4
Net Op. Cash Flow (Rs. Cr.) 6.8-11.27.3-4.8-8.1-1.4-23-0.86.49.5
Debt to Cash Flow from Ops 0-0.781.41-3.56-3.41-24.25-1.09-37.724.192.15
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.
Timex Group India Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 4.3%12.1%8%4.3%
Adjusted EPS -177.7%NANA-117.5%
Book Value per Share -207.1000
Share Price 3.4% -2.1% -11.6% -3.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 20.9710.46-76.75-206.27136.7732.8243.1561.1142.78-6.46
Operating Profit Margin (%) 10.787.13-29.13-19.08-4.780.910.775.125.041.67
Net Profit Margin (%) 7.954.09-32.52-23.33-8.01-3.56-1.673.433.34-0.55
Debt to Equity 00.120.34-6.81-1.96-1.473.151.851.20.99
Working Capital Days 240277412333278239185170149146
Cash Conversion Cycle 7811818670342122392329
Entity Percentage Holding
Promoters 74.93%
Institutions 0.03%
Non-Institutions 25.04%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Timex Group India Ltd.'s performance infers:

Timex Group India Ltd. earnings have grown by 0%, whereas share price has depreciated -2.1% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

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

Timex Group India Ltd. share price has depreciated -2.8% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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