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 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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 29.7% | 29.2% | 24% | 21% | 21.7% | 20.9% | 13.2% | 28.8% | 28.1% | 23.5% | - |
| Value Creation Index ⓘ | 1.1 | 1.1 | 0.7 | 0.6 | 0.6 | 0.6 | 0.0 | 1.1 | 1.5 | 1.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 929 | 1,051 | 1,056 | 1,233 | 1,664 | 1,617 | 1,411 | 2,203 | 2,807 | 2,910 | 3,047 |
| Sales YoY Gr. | - | 13.1% | 0.5% | 16.8% | 34.9% | -2.8% | -12.8% | 56.2% | 27.4% | 3.7% | - |
| Adj EPS ⓘ | 11.8 | 13.6 | 14.1 | 13.7 | 19.6 | 32.5 | 19.3 | 43.3 | 49.8 | 52.1 | 52.5 |
| YoY Gr. | - | 14.9% | 3.9% | -2.8% | 42.7% | 66.2% | -40.8% | 125% | 15.1% | 4.5% | - |
| BVPS (₹) ⓘ | 64.5 | 78 | 90.9 | 103.3 | 178.3 | 209.6 | 178.6 | 220.3 | 270.8 | 321.4 | 343.5 |
| Adj Net Profit ⓘ | 80.3 | 92.3 | 95.9 | 93.2 | 147 | 244 | 145 | 326 | 375 | 392 | 395 |
| Cash Flow from Ops. ⓘ | 42.5 | 101 | 164 | 39 | 249 | 348 | 189 | 32.9 | 341 | 340 | - |
| Debt/CF from Ops. ⓘ | 0.1 | 0 | 0.1 | 0.4 | 0.1 | 0.1 | 0.2 | 0.9 | 0.1 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 13.5% | 11.8% | 27.3% | 3.7% | ||||
| Adj EPS ⓘ | 17.9% | 21.6% | 39.3% | 4.5% | ||||
| BVPSⓘ | 19.5% | 12.5% | 21.6% | 18.7% | ||||
| Share Price | 22.1% | 30% | 18% | 9.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 19.6 | 19.1 | 16.7 | 14.1 | 14.4 | 16.8 | 9.9 | 21.7 | 20.3 | 17.6 | 15.8 |
| Op. Profit Mgn % ⓘ | 14.4 | 15.4 | 15 | 13.4 | 17.4 | 22.4 | 18 | 23.2 | 20 | 19.7 | 18.9 |
| Net Profit Mgn % ⓘ | 8.6 | 8.8 | 9.1 | 7.6 | 8.8 | 15.1 | 10.3 | 14.8 | 13.4 | 13.5 | 13 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 236 | 244 | 208 | 215 | 238 | 236 | 261 | 222 | 207 | 226 | 104 |
| Cash Conv. Cycle ⓘ | 80 | 76 | 66 | 64 | 65 | 69 | 89 | 85 | 91 | 100 | 76 |
Sales growth is growing at healthy rate in last 3 years 27.30%
Net Profit is growing at healthy rate in last 3 years 39.33%
Return on Equity has declined versus last 3 years average to 15.80%
Sales growth is not so good in last 4 quarters at 7.98%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 52.5 | - |
| TTM Sales (₹ Cr.) | 3,047 | - |
| BVPS (₹.) ⓘ | 343.5 | - |
| Reserves (₹ Cr.) ⓘ | 2,509 | - |
| P/BV ⓘ | 9.44 | - |
| PE ⓘ | 61.70 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 2490.05 / 4816.00 |
| All Time Low / High (₹) | 20.00 / 4816.00 |
| Market Cap (₹ Cr.) | 24,385 |
| Equity (₹ Cr.) | 75.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 46.4 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 929 | 1,051 | 1,056 | 1,233 | 1,664 | 1,617 | 1,411 | 2,203 | 2,807 | 2,910 |
| Operating Expenses ⓘ | 795 | 889 | 898 | 1,070 | 1,375 | 1,254 | 1,159 | 1,693 | 2,246 | 2,337 |
| Manufacturing Costs | 87 | 104 | 109 | 150 | 187 | 162 | 160 | 247 | 285 | 293 |
| Material Costs | 558 | 631 | 624 | 728 | 929 | 859 | 786 | 1,194 | 1,660 | 1,717 |
| Employee Cost | 67 | 68 | 74 | 91 | 123 | 124 | 119 | 141 | 159 | 164 |
| Other Costs ⓘ | 84 | 85 | 92 | 102 | 138 | 109 | 94 | 111 | 143 | 164 |
| Operating Profit ⓘ | 134 | 162 | 158 | 163 | 289 | 363 | 252 | 511 | 560 | 572 |
| Operating Profit Margin (%) | 14.4% | 15.4% | 15.0% | 13.2% | 17.3% | 22.4% | 17.9% | 23.2% | 20.0% | 19.7% |
| Other Income ⓘ | 6 | 6 | 10 | 21 | 16 | 23 | 20 | 14 | 53 | 41 |
| Interest ⓘ | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 2 | 3 | 4 |
| Depreciation ⓘ | 17 | 22 | 29 | 43 | 79 | 77 | 75 | 84 | 87 | 85 |
| Exceptional Items ⓘ | 0 | -3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 122 | 142 | 138 | 140 | 224 | 306 | 195 | 438 | 524 | 524 |
| Tax ⓘ | 42 | 50 | 41 | 48 | 75 | 60 | 52 | 111 | 133 | 132 |
| Profit After Tax | 81 | 92 | 97 | 92 | 149 | 246 | 143 | 327 | 391 | 392 |
| PAT Margin (%) | 8.7% | 8.7% | 9.2% | 7.5% | 8.9% | 15.2% | 10.2% | 14.8% | 13.9% | 13.5% |
| Adjusted EPS (₹) | 11.9 | 13.5 | 14.3 | 13.5 | 19.8 | 32.7 | 19.0 | 43.5 | 52.0 | 52.1 |
| Dividend Payout Ratio (%) | 25% | 7% | 7% | 7% | 5% | 153% | 8% | 3% | 3% | 5% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 438 | 530 | 618 | 702 | 1,341 | 1,577 | 1,344 | 1,657 | 2,037 | 2,417 |
| Share Capital ⓘ | 68 | 68 | 68 | 68 | 75 | 75 | 75 | 75 | 75 | 75 |
| Reserves ⓘ | 370 | 462 | 550 | 634 | 1,266 | 1,501 | 1,268 | 1,582 | 1,962 | 2,342 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 3 | 4 | 8 | 16 | 23 | 20 | 33 | 30 | 29 | 6 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 3 | 4 | 8 | 16 | 23 | 20 | 33 | 30 | 29 | 6 |
| Trade Payables | 86 | 113 | 157 | 197 | 233 | 216 | 335 | 329 | 344 | 386 |
| Others Liabilities ⓘ | 333 | 378 | 91 | 471 | 634 | 443 | 476 | 591 | 485 | 637 |
| Total Liabilities ⓘ | 860 | 1,025 | 874 | 1,386 | 2,232 | 2,255 | 2,188 | 2,606 | 2,896 | 3,446 |
Fixed Assets | ||||||||||
| Gross Block | 306 | 160 | 282 | 342 | 966 | 986 | 1,117 | 1,242 | 1,306 | 1,393 |
| Accumulated Depreciation | 199 | 22 | 51 | 91 | 172 | 238 | 310 | 392 | 473 | 550 |
| Net Fixed Assetsⓘ | 107 | 137 | 231 | 251 | 795 | 748 | 808 | 850 | 833 | 843 |
| CWIP ⓘ | 27 | 21 | 58 | 54 | 64 | 157 | 97 | 50 | 53 | 104 |
| Investmentsⓘ | 17 | 38 | 91 | 55 | 176 | 13 | 0 | 99 | 236 | 161 |
| Inventories | 167 | 186 | 188 | 245 | 317 | 291 | 369 | 558 | 569 | 667 |
| Trade Receivables | 174 | 193 | 192 | 223 | 302 | 291 | 371 | 539 | 576 | 652 |
| Cash Equivalents | 24 | 33 | 18 | 27 | 24 | 417 | 174 | 18 | 162 | 331 |
| Others Assetsⓘ | 344 | 416 | 96 | 530 | 555 | 338 | 368 | 492 | 467 | 688 |
| Total Assets ⓘ | 860 | 1,025 | 874 | 1,386 | 2,232 | 2,255 | 2,188 | 2,606 | 2,896 | 3,446 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 42 | 101 | 164 | 39 | 249 | 348 | 189 | 33 | 341 | 340 |
| PBT ⓘ | 122 | 142 | 138 | 140 | 224 | 306 | 195 | 438 | 524 | 524 |
| Adjustment ⓘ | 13 | 28 | 23 | 29 | 75 | 62 | 63 | 77 | 67 | 52 |
| Changes in Working Capital ⓘ | -49 | -22 | 42 | -92 | 26 | 64 | -25 | -368 | -96 | -106 |
| Tax Paid ⓘ | -44 | -51 | -40 | -38 | -75 | -84 | -45 | -114 | -154 | -131 |
| Cash Flow From Investing Activity ⓘ | -23 | -67 | -125 | -64 | -110 | -102 | -69 | -76 | -47 | -228 |
| Capex | -26 | -66 | -131 | -71 | -117 | -115 | -78 | -80 | -61 | -259 |
| Net Investments | 0 | -3 | 1 | 1 | 1 | -1 | 0 | 0 | 0 | 0 |
| Others ⓘ | 3 | 2 | 4 | 7 | 7 | 14 | 9 | 4 | 14 | 31 |
| Cash Flow From Financing Activityⓘ | -26 | 1 | -5 | -2 | -23 | -13 | -379 | -15 | -15 | -17 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | -1 | -1 | -2 | -3 | -1 | -2 | -3 | -4 |
| Dividend Paid ⓘ | -20 | 0 | -7 | -7 | -8 | -8 | -376 | -11 | -11 | -11 |
| Others ⓘ | -5 | 2 | 3 | 6 | -14 | -3 | -1 | -1 | -1 | -2 |
| Net Cash Flow ⓘ | -7 | 36 | 34 | -27 | 116 | 233 | -259 | -58 | 279 | 94 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 19.66 | 18.96 | 16.93 | 13.94 | 14.55 | 16.87 | 9.81 | 21.8 | 21.16 | 17.61 |
| ROCE (%) | 29.74 | 29.23 | 23.96 | 20.97 | 21.67 | 20.88 | 13.22 | 28.77 | 28.05 | 23.52 |
| Asset Turnover Ratio | 1.22 | 1.18 | 1.18 | 1.11 | 0.92 | 0.72 | 0.63 | 0.92 | 1.02 | 0.92 |
| PAT to CFO Conversion(x) | 0.52 | 1.1 | 1.69 | 0.42 | 1.67 | 1.41 | 1.32 | 0.1 | 0.87 | 0.87 | Working Capital Days |
| Receivable Days | 61 | 60 | 63 | 61 | 58 | 67 | 86 | 75 | 72 | 77 |
| Inventory Days | 57 | 58 | 61 | 63 | 62 | 69 | 85 | 77 | 73 | 78 |
| Payable Days | 52 | 58 | 79 | 89 | 85 | 95 | 128 | 101 | 74 | 78 |
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
2018-19
2019-20
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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