5

Timex Group India Ltd

TIMEX NSE

Key Fundamentals

MicrocapJewellery & WatchesConsumer Goods
Market Cap
₹5,408 Cr
Volatility
Moderate
P/E Ratio
94.01
EBITDA
₹49.70 Cr
Return on Equity
37.4%
Debt to Equity
4.04
Book Value
₹11.02
52W High
₹591.8
52W Low
₹312

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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34 extracted metrics + investor summaries across FY13–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

3
  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 81.1% CAGR over last 5 years

Weaknesses

3
  • Stock is trading at 23.7 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -8.93%

Growth Rate

Revenue Growth
28.01% ↘
Net Income Growth
50.96% ↘
Cash Flow Change
-109.70% ↘
ROE
45.87% ↗
ROCE
18.44% ↗
EBITDA Margin (Avg.)
10.31% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 11d ago
AI opinion · based on fundamentals
Risk high

Timex Group India Ltd has a market cap of ₹5,451 Cr and trades at a PE of 70.3x with a price-to-book of 47.65x. The company has delivered strong profit growth of 81% CAGR over 5 years and TTM sales growth of 41%, but pays no dividend and has seen promoter holding decline by 8.93% in the last quarter.

Bull Case 7
  • Compounded profit growth of 81% CAGR over 5 years indicates strong earnings momentum
  • TTM sales growth of 41% shows accelerating revenue trajectory compared to 5-year CAGR of 16%
  • Last year ROE of 197% reflects exceptionally high return on equity capital
  • Stock CAGR of 56% over 5 years demonstrates sustained wealth creation for shareholders
  • Company has reduced debt, improving balance sheet strength and financial flexibility
  • Compounded profit growth of 103% on TTM basis suggests continued earnings acceleration
  • 10-year compounded sales CAGR of 14% shows long-term consistency in revenue expansion
Bear Case 8
  • PE ratio of 70.3x is significantly elevated relative to broader market averages, pricing in high future expectations
  • Price-to-book of 47.65x (or 23.7x by alternate measure) implies extreme premium over asset value
  • Zero dividend yield despite repeated profitability suggests no shareholder return via payouts
  • Promoter holding decreased by 8.93% in the last quarter, signaling potential lack of promoter confidence
  • 52-week high and low data unavailable (reported as 0), limiting visibility on recent price range and volatility
  • ROE, ROCE, EPS, and debt-to-equity data unavailable for multi-year periods, reducing analytical clarity
  • 10-year compounded profit CAGR of only 16% versus recent 81% over 5 years raises questions about sustainability of recent growth acceleration
  • Market cap of ₹5,451 Cr on a small-cap company with limited historical profitability track record increases valuation risk

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 11d ago
Neutral 1
  • Analyst meet scheduled June 30 Jun 22

    Timex Group India will host an investor/analyst meeting on June 30, 2026 at its Noida office and via Microsoft Teams.

TL;DR: Limited recent news flow for Timex Group India. The company is engaging with analysts via an upcoming meet on June 30, which may provide forward guidance. No clear headwinds or positive catalysts are visible from current coverage, leaving the near-term outlook data-dependent on what emerges from the analyst session.

Quarterly Results

  Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales
84.64
83.31
106
126
94.2
92.06
109
174
120
135
169
244
151
Expenses
88.71
75.75
98.97
110
94.91
82.37
104
149
116
121
147
201
141
Operating Profit
-4.07
7.56
7.32
16.1
-0.71
9.69
4.24
25.13
4.21
14.38
21.64
42.54
9.55
OPM %
-4.81%
9.07%
6.89%
12.74%
-0.75%
10.53%
3.9%
14.44%
3.51%
10.62%
12.81%
17.46%
6.33%
Other Income
0.01
0.04
0.37
0.57
0.35
1.48
0.52
0.09
0.41
0.7
0.31
0.37
-2.48
Interest
1.72
1.21
1.13
1.07
0.75
0.88
0.66
0.53
1.17
1.25
1.27
1.35
1.4
Depreciation
0.91
0.85
0.89
0.9
0.88
0.91
0.85
0.84
0.82
0.79
0.81
0.87
0.87
PBT
-6.69
5.54
5.67
14.7
-1.99
9.38
3.25
23.85
2.63
13.04
19.87
40.69
4.8
Tax %
0%
-304.15%
25.04%
25.17%
-25.13%
24.52%
25.23%
25.32%
26.24%
29.14%
26.17%
25.71%
33.33%
Net Profit
-6.69
22.39
4.25
11
-1.49
7.08
2.43
17.81
1.94
9.24
14.67
30.23
3.2
EPS in Rs
-0.66
2.22
0.42
1.09
-0.15
0.7
0.24
1.76
0.19
0.92
1.45
2.99
0.32
Figures in ₹ Crores

Profit & Loss

  Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
124
142
173
200
207
242
252
141
264
383
419
538
699
Expenses
153
150
176
199
197
230
248
144
256
345
386
490
611
Operating Profit
-29
-8
-3
2
11
11
4
-4
8
38
32
48
88
OPM %
-24%
-6%
-2%
1%
5%
5%
1%
-3%
3%
10%
8%
9%
13%
Other Income
0
2
0
0
1
0
0
1
1
0
3
2
-1
Interest
1
3
4
3
2
2
3
2
2
5
4
4
5
Depreciation
2
2
3
2
2
2
3
4
4
4
4
3
3
PBT
-33
-11
-9
-3
8
8
-2
-8
3
30
28
43
78
Tax %
0%
0%
0%
0%
0%
11%
0%
-1%
0%
-57%
25%
27%
—
Net Profit
-33
-11
-9
-3
8
7
-2
-8
3
47
21
31
57
EPS in Rs
-3.27
-1.09
-0.92
-0.32
0.74
0.74
-0.18
-0.79
0.32
4.61
2.06
3.11
5.68
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
10
10
10
10
10
10
10
10
10
10
10
10
10
Reserves
-54
-65
-75
-2
-71
-64
-66
-74
-71
-24
-3
15
109
Borrowings
58
69
76
25
104
103
109
91
111
110
86
101
13
Other Liabilities
106
104
118
64
78
73
89
78
80
98
108
126
204
Total Liabilities
121
117
129
97
121
122
143
106
130
194
201
252
336
Fixed Assets
13
11
12
8
7
8
23
20
17
17
15
12
13
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
0
Investments
0
0
0
0
0
0
0
0
0
0
0
0
43
Other Assets
107
106
117
88
114
113
120
86
113
178
186
240
280
Total Assets
121
117
129
97
121
122
143
106
130
194
201
252
336
Figures in ₹ Crores

Cash Flow

  Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating
-5
-8
-1
-23
-1
6
10
22
-18
10
32
-3
Investing
-1
-1
-2
-1
0
-4
-1
0
-1
-1
-1
0
Financing
6
8
3
24
0
-3
-10
-21
18
-8
-28
0
Net Cash Flow
0
-1
0
0
-1
-1
-2
1
-1
1
3
-4
Figures in ₹ Crores

Ratios

  Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
203
176
150
75
104
81
91
98
67
50
45
37
Inventory Days
119
124
134
120
149
132
111
155
132
161
159
178
Days Payable
354
358
328
166
220
154
172
269
138
111
104
86
Cash Conversion Cycle
-31
-58
-44
29
33
59
30
-15
61
100
100
129
Working Capital Days
-72
-78
-83
-7
12
21
22
24
22
47
66
74
ROCE %
-115%
-72%
-45%
-2%
25%
22%
2%
-14%
14%
48%
33%
43%

Shareholding Pattern

As of Mar 2026
Promoters 51.00%
Public 34.47%
Others 12.71%
FIIs 1.32%
DIIs 0.51%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
74.93%
74.93%
74.93%
74.93%
74.93%
74.93%
74.93%
74.93%
74.93%
74.93%
74.93%
74.93%
74.93%
74.93%
74.93%
74.93%
74.93%
59.93%
59.93%
51.00%
51.00%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.76%
0.47%
0.21%
0.10%
0.10%
1.09%
1.60%
2.02%
1.32%
DIIs
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.15%
0.16%
0.01%
0.01%
0.01%
0.15%
0.48%
0.49%
0.51%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
19.99%
19.63%
20.13%
20.43%
20.70%
20.49%
19.82%
20.11%
19.93%
19.99%
19.97%
19.71%
19.42%
19.63%
20.09%
20.44%
20.50%
27.25%
28.65%
33.88%
34.47%
Others
5.07%
5.43%
4.92%
4.62%
4.36%
4.56%
5.23%
4.94%
5.13%
5.06%
5.09%
5.35%
4.73%
4.81%
4.75%
4.52%
4.45%
11.57%
9.33%
12.61%
12.71%
No. of Shareholders
0
40,597
39,957
39,983
42,728
45,692
44,932
43,729
42,369
42,947
42,859
42,524
42,645
43,407
43,402
45,011
44,398
47,812
50,288
60,965
59,586

Documents

1
Concall - Nov 2018 Nov 2018
2
Concall - Feb 2019 Feb 2019
3
Concall - May 2019 May 2019
4
Concall - Aug 2019 Aug 2019
5
Concall - Nov 2019 Nov 2019

Frequently Asked Questions about Timex Group India Ltd

What does Timex Group India Ltd do?
Timex Group India Limited is a group company of Tanager Group B.V. (formerly known as Timex Group B.V.). The Co is engaged in manufacturing and trading of watches and rendering of related after sales service. The Company also provides information and technology support services to the Group Compa...
Where is Timex Group India Ltd (500414) listed?
Timex Group India Ltd is listed on the Indian stock exchanges. It is listed on NSE: TIMEX and BSE: 500414. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Timex Group India Ltd belong to?
Timex Group India Ltd operates in the Consumer Goods sector within the Jewellery & Watches industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Timex Group India Ltd?
Timex Group India Ltd has a market capitalisation of approximately ₹5407.89 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Timex Group India Ltd?
The Price-to-Earnings (PE) ratio of Timex Group India Ltd is 94.01. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Timex Group India Ltd?
Over the past 52 weeks, Timex Group India Ltd has traded between a low of ₹312 and a high of ₹591.8. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Timex Group India Ltd?
Timex Group India Ltd has a Return on Equity (ROE) of 37.40%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Timex Group India Ltd on Tapetide?
On Tapetide, you can view Timex Group India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Timex Group India Limited is a group company of Tanager Group B.V. (formerly known as Timex Group B.V.). The Co is engaged in manufacturing and trading of watches and rendering of related after sales service. The Company also provides information and technology support services to the Group Companies. [1][2]

Website timexindia.com
Face Value ₹ 1

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