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Timken India

TIMKEN
Small Cap
(%) 1D
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1D1W1M3M6M1YMAX

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Timken India Share price and Fundamental Analysis

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Timken India Limited (TIL) (previously known as Tata Timken) is primarily into manufacture, distribution and sale of anti-friction bearings primarily tapered roller bearings, other roller bearings, components, accessories, and mechanical power transmission products for diverse customer base. The Company provides maintenance contract and refurbishment services. The Company's manufacturing plants are located at Jamshedpur in Jharkhand & Bharuch in Gujarat and distribution centers are located in various parts of the country.
Company Incorporation1987
ChairmanSanjay Koul
Head QuartersNA
Previous NameNA

Key Metrics

Market Cap (Cr)
23,470
PE Ratio
52.46
Industry P/E
48.57
PEG Ratio
3.72
ROE
15.73%
ROCE
19.3%
ROA
13.06%
Total Debt (Cr)
16.62
Debt to Equity
0.01
Dividend Yield
0.08%
EPS
59.48
Book Value & P/B
378.21 x 8.25
Face Value
10
Outstanding Shares(Cr)
7.52
Current Ratio
3.84
EV to Sales
7.38

Included In

+More

Stock Returns

1 Week+5.83%
1 Month+27.81%
6 Months-7.89%
1 Year-20.72%
3 Years+24.47%
5 Years+247.49%

CAGR

1 Year CAGR

Revenue Growth

+3.67%

Net Profit Growth

+0.36%

Operating Profit Growth

-0.06%

Dividend Growth

+66.67%

Stock Returns CAGR

-19.41%
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2.4
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Adj EPS in Rs - Basic

Adj EPS in Rs - Diluted

Profit and Loss Statement

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Dec 24

Promoters : 51.05%

FIIs : 12.96%

DIIs : 24.94%

Public : 11.04%

Promoter
FII/FPI
DII
Public
Promoter Pledge stands at 0.0% of holding in December 2024 Qtr
FII Shareholding Decreased by 0.17% to 12.96% in December 2024 Qtr
DII Shareholding Decreased by 0.01% to 24.94% in December 2024 Qtr

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ROE

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Dividend History

Timken India Competitors

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Timken India Management and History

Company Management

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Company History

Timken India Limited (TIL) (previously known as Tata Timken) is primarily into manufacture, distribution and sale of anti-friction bearings primarily tapered roller bearings, other roller bearings, components, accessories, and mechanical power transmission products for diverse customer base. The Company provides maintenance contract and refurbishment services. The Company's manufacturing plants are located at Jamshedpur in Jharkhand & Bharuch in Gujarat and distribution centers are located in various parts of the country.

The Company's active operations are in anti-friction bearings, mechanical power transmission products and related services business. The parent organization, The Timken Company is a 120-year-old US-based organization with operations in 41 countries around the world keeping industries in motion. The journey started when Henry Timken, founder of the Timken Company, designed and patented world's first tapered roller bearing. Today, it is synonymous with innovation, cutting-edge technology, and quality.

Presently, the Company caters to an entire gamut of bearings including Tapered Roller Bearings, Cylindrical Roller Bearings, Spherical Roller Bearings and Slewing Bearings with focus on localized manufacturing having facilities in Jamshedpur and Bharuch. Its dedicated focus has been towards providing technical value and customer experience with an unbeatable and unquestioned quality standard. With the strong supplier network and localized manufacturing facilities, it aims at providing state-of-the-art products and services in India with means of a solid workforce and world-class manufacturing facilities. It stands tall with the 'Make in India' concept by not only localizing finished goods but also raw material sourcing, reducing the dependency on imports.

Company's expertise in the domains of metallurgy, tribology and mechanical systems enable collaboration with OEMs to customize solutions based on customer's requirements and diverse applications with an in-house design and development. With strong footprint of channel partners across India, it reaches out to end-markets for its product & services and assist customers in improving the reliability and efficiency of equipment, machinery, and vehicles.

The company was incorporated on 15 June 1987 under the provisions of the erstwhile Company's Act, 1956. It came with a rights issue in Feb.'94 to part-finance the overrun in the project cost.

To extend the product range, the company embarked upon a small bearings project for Rs 16 crore to manufacture TRBs with a bore size of 35mm and less which has been completed within the budgeted cost in fiscal 2001. During the fiscal it introduced a new concept in technical problem solving and roll shop management, drawing heavily from the expertise in its steel rolling mill as well as its strong base of knowledge in bearing. The service envisages round the clock management of customer's roll shop and the associated chock and bearing maintenance. It is also pursuing new business activities that enhance the value adding propositions of the company's existing businesses.

During the year 2001-02, The Company had shut down 2 plants (in UK and USA) and as a part of the products of those plants has been transferred permanently to Timken India. This will result in an important growth of manufacturing volumes of Jemshedpur plant.

TIL has completed the acquisition of The Torrington company in 2002. This acquisition offers a fit and will bring a broader line of engineered products and services.

During the year 2004, the company undertook an expansion project of installing a new 8' cone line. This new line is expected to produce a little over five lacs tapered single cones annually necessitating an approximate investment of Rs.1.65 Crores. It also has undertaken a new project for manufacture of double extended cones for the purpose of export to US. This double extended cone project envisages an investment of Rs 10.50 Crores. This project is expected to be completed by the end of the first quarter of 2007.

TIL continued to drive Lean Six Sigma Projects across all parts of its operations and business processes. In 2004 TIL was awarded a special award for excellence in Lean Six Sigma at the Indian Manufacturing Excellence Awards (IMEA) announced by Frost & Sullivan.

During the year 2004, the installed capacity of AP Cartridge Tapered Roller Bearings, units including components and accessories has been increased by 45000 Nos. Due to this expansion the installed capacity of AP Cartridge Tapered Roller Bearings, unit including components and accessories is 150000 Nos for this year.

In 2006, the company undertook an expansion project of installing large size cup line. This new line was installed and commercial production started on May 15, 2006. The actual investment for this project was around Rs 4.50 Crores.

In FY 2008, the company acquired two strategic services' contracts in steel industry.

During FY 2015, the company fully commenced its operation of Industrial Service plant in Raipur, Chhattisgarh and completed its Roller expansion project at a cost of Rs. 163 Million.

During FY 2018, the Board of Directors of the Company at its meeting held on 4 July, 2017, approved a Scheme of Amalgamation and Arrangement between ABC Bearings Limited and Timken India Limited and their respective shareholders and creditors. Subsequently, pursuant to an Order of the National Company Law Tribunal (NCLT), Bengaluru Bench, meetings of the shareholders and creditors were held on 1 February 2018. At the said meetings, the proposed Scheme was approved by the shareholders and creditors and thereafter the Company has received approval of NCLT, Bengaluru Bench.

With acquisition of ABC Bearings, the Company made significant progress with a variety of new product lines. The acquisition helped to expand capacity, customer base and ability to increase participation in local and export markets during the FY 2018-19.

In 2021, the Company introduced Wheel-Pac repair kit for the first time and revamped the grease range for its aftermarket business. At Jamshedpur plant, it made Roller facility operational and enabled the Rail facility with automation technology to serve the high-speed rail market. Besides this, rail bearing services were made operational along with all related utilities at the plant. The Bharuch Plant implemented integration of vital internal systems to align itself with Timken processes.

In FY 2021-22, Company made significant headway in service business with MillTec adding five new sites and achieving a business growth of approx. 50% in the year. This was achieved by penetrating new segments including public sector and nonferrous rolling. It grew progressively in the industrial distribution, Indian Railways and Renewable Energy Segment.

A new manufacturing facility for spherical and cylindrical roller bearings and related components was set up in Bharuch, Gujarat during 2022-23.

Timken India Share Price

Timken India share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

Timken India Market Cap

Market capitalization of Timken India indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Timken India is valued compared to its competitors.

Timken India PE Ratio

Timken India PE ratio helps investors understand what is the market value of each stock compared to Timken India 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

Timken India PEG Ratio

The PEG ratio of Timken India evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

Timken India ROE (Return on Equity)

Return on Equity (ROE) measures how effectively Timken India generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

Timken India ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of Timken India in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

Timken India Total Debt

Total debt of Timken India shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

Timken India Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of Timken India compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

Timken India CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of Timken India over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

Timken India Technical Analysis

Technical analysis of Timken India helps investors get an insight into when they can enter or exit the stock. Key components of Timken India Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Timken India shares often struggle to rise above due to selling pressure.

Timken India Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Timken India ’s financial health and profitability.

Timken India Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

Timken India Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

Timken India Financials

The financials of Timken India provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

Timken India Profit and Loss Statements

The profit and loss statement of Timken India highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Timken India .

Timken India Balance Sheet

The balance sheet presents a snapshot of Timken India ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

Timken India Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.

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