TG

Timex Group

TIMEX NSE
₹701.15 0.60 (0.09%)
Market Cap
₹7,078 Cr
P/E
82.49

Key Fundamentals

MicrocapJewellery & WatchesConsumer Goods
Market Cap
₹7,078 Cr
P/E (TTM)
82.49
EBITDA
₹116 Cr
Return on Equity
67.79%
Debt to Equity
0.95
Book Value
₹7.47
EPS (TTM)
₹8.50
52W High
₹759.70
52W Low
₹237.20

Price-based figures as of 19 Oct 2026, 15:59 IST · EPS basis: Standalone · TTM

Peer Comparison

Consumer Discretionary › Consumer Goods › Jewellery & Watches › Gems, Jewellery And Watches

Titan
₹4,424.2068.183,92,774 Cr25.010.34%32.31%38.43%83,417 Cr5,760 Cr
Kalyan Jewellers
₹551.3039.6656,936 Cr9.020.45%21.41%27.43%39,281 Cr1,436 Cr
Sky Gold & Diamonds
₹1,028.1047.5115,923 Cr13.360.19%23.37%36.01%7,216 Cr344 Cr
Thangamayil Jewellery
₹5,017.5039.8815,595 Cr11.010.35%24.83%34.71%9,622 Cr392 Cr
BlueStone Jewellery & Lifestyle
₹765.85206.4311,701 Cr6.500.00%0.73%7.89%2,733 Cr54 Cr
PN Gadgil Jewellers
₹589.3017.948,675 Cr3.260.00%20.88%30.49%11,542 Cr445 Cr
Timex Group (this company)
₹701.1582.497,078 Cr93.860.00%67.79%65.17%851 Cr85 Cr
Ethos
₹2,593.8066.526,940 Cr4.660.00%5.78%8.18%1,781 Cr107 Cr
Senco Gold
₹341.009.785,589 Cr2.220.52%22.85%33.83%9,736 Cr571 Cr
D P Abhushan
₹2,302.7021.925,257 Cr8.310.04%29.36%39.81%1,732 Cr239 Cr
Median 10 companies₹896.9743.7010,188 Cr8.670.12%23.11%34.27%8,419 Cr368 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

As of 2026-10-19
v2.0.0
59 Good
Overall score
Data confidence 98/100

Category scores

Quality Strong 80
Returns, margins, earnings quality 22%
Valuation Poor 30
Cheap vs sector & own history 24%
Growth Average 50
Sales & profit trajectory 9%
Financial Health Poor 31
Solvency, leverage, coverage 9%
Momentum Strong 98
Trend strength, vol-adjusted 12%
Ownership Good 59
FII/DII/promoter flows 24%

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

5
  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 64.1% CAGR over last 5 years
  • Debtor days have improved from 36.1 to 26.6 days.
  • Company's working capital requirements have reduced from 63.2 days to 48.9 days

Weaknesses

4
  • Stock is trading at 93.9 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -23.9%

Technical Indicators

Oscillators

BearishNeutralBullish

Bearish

Bearish
2
Neutral
7
Bullish
0

Overall

BearishNeutralBullish

Neutral

Bearish
6
Neutral
7
Bullish
6

Moving Averages

BearishNeutralBullish

Bullish

Bearish
4
Neutral
0
Bullish
6
Analyst Rating
Based on 1 analysts
BUY SHARE100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

Updated 19 Oct 2026

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

Revenue Growth
48.31% higher than 3Y

change over 1 year

Net Income Growth
140% higher than 3Y

change over 1 year

Cash Flow Change
—

EBITDA Margin Change
57.72%

change over 1 year Operating margin 16% · Jun 2026

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
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

106d 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.

Analyst Forecasts

Forecast For
Mar 27 consensus · Price
₹820 +14.0% vs Sep 26
Reported High Mean Low

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
106
126
94
92
109
174
120
135
169
244
151
235
219
Expenses
99
110
95
82
104
149
116
121
147
201
141
195
184
Operating Profit
7
16
-1
10
4
25
4
14
22
43
10
40
35
OPM %
7%
13%
-0.8%
11%
3.9%
14%
3.5%
11%
13%
17%
6%
17%
16%
Other Income
0
1
0
1
1
0
0
1
0
0
-2
-1
1
Interest
1
1
1
1
1
1
1
1
1
1
1
1
1
Depreciation
1
1
1
1
1
1
1
1
1
1
1
1
1
PBT
6
15
-2
9
3
24
3
13
20
41
5
37
34
Tax %
25%
25%
-25%
25%
25%
25%
26%
29%
26%
26%
33%
25%
26%
Net Profit
4
11
-1
7
2
18
2
9
15
30
3
27
25
EPS (₹)
0.42
1.09
-0.15
0.7
0.24
1.76
0.19
0.92
1.45
2.99
0.32
2.71
2.48
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
142
173
200
207
242
252
141
264
383
419
538
799
849
Expenses
150
176
199
197
230
248
144
256
345
386
490
684
721
Operating Profit
-8
-3
2
11
11
4
-4
8
38
32
48
114
128
OPM %
-6%
-1.6%
0.8%
5%
4.7%
1.4%
-2.5%
3.1%
10%
8%
9%
14%
15%
Other Income
2
0
0
1
0
0
1
1
0
3
2
-3
-3
Interest
3
4
3
2
2
3
2
2
5
4
4
6
5
Depreciation
2
3
2
2
2
3
4
4
4
4
3
3
4
PBT
-11
-9
-3
8
8
-2
-8
3
30
28
43
102
116
Tax %
0%
0%
0%
0%
11%
0%
-1%
0%
-57%
25%
27%
26%
—
Net Profit
-11
-9
-3
8
7
-2
-8
3
47
21
31
75
86
EPS (₹)
-1.09
-0.92
-0.32
0.74
0.74
-0.18
-0.79
0.32
4.61
2.06
3.11
7.47
8.5
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
10
10
10
10
10
10
10
10
10
10
10
10
Reserves
-65
-75
-2
-71
-64
-66
-74
-71
-24
-3
15
65
Borrowings
69
76
25
104
103
109
91
111
110
86
101
71
Other Liabilities
104
118
64
78
73
89
78
80
98
108
126
191
Total Liabilities
117
129
97
121
122
143
106
130
194
201
252
338
Fixed Assets
11
12
8
7
8
23
20
17
17
15
12
11
CWIP
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
Other Assets
106
117
88
114
113
120
86
113
178
186
240
326
Total Assets
117
129
97
121
122
143
106
130
194
201
252
338
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-8
-1
-23
-1
6
10
22
-18
10
32
-3
91
Investing
-1
-2
-1
0
-4
-1
0
-1
-1
-1
0
-1
Financing
8
3
24
0
-3
-10
-21
18
-8
-28
0
-56
Net Cash Flow
-1
0
0
-1
-1
-2
1
-1
1
3
-4
34
Free Cash Flow
-9
-4
-24
-1
2
8
22
-19
8
31
-4
89
CFO/EBITDA
101
50
-1,484
-7
56
264
-618
-217
26
101
10
104
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
176
150
75
104
81
91
98
67
50
45
37
27
Inventory Days
124
134
120
149
132
111
155
132
161
159
178
158
Days Payable
358
328
166
220
154
172
269
138
111
104
86
97
Cash Conversion Cycle
-58
-44
29
33
59
30
-15
61
100
100
129
88
Working Capital Days
-78
-83
-7
12
21
22
24
22
47
66
74
49
ROCE %
-72%
-45%
-2%
25%
22%
2%
-14%
14%
48%
33%
43%
83%

Insights

Beta

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

Log in to view Timex Group insights

35 extracted metrics + investor summaries across FY13–FY27.

Shareholding Pattern

FIIs2.26%Promot.51.00%DIIs2.36%Others10.54%Public33.84%As ofSep 2026

Documents

1
Concall - Jul 2026 Jul 2026
2
Concall - May 2026 May 2026
3
Concall - Feb 2026 Feb 2026
4
Concall - Nov 2025 Nov 2025
5
Concall - Jul 2025 Jul 2025

Frequently Asked Questions about Timex Group

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 (TIMEX) listed?
Timex Group India Ltd trades as TIMEX on the NSE and under code 500414 on the BSE.
Which sector does Timex Group India Ltd belong to?
Timex Group India Ltd is classified under the Consumer Goods sector, in the Jewellery & Watches industry.
What is the market capitalisation of Timex Group India Ltd?
Timex Group India Ltd has a market capitalisation of ₹7,078 Cr as of 19 Oct 2026, which places it in the Mid Cap band.
What is the PE ratio of Timex Group India Ltd?
Timex Group India Ltd trades at a PE ratio of 82.49 as of 19 Oct 2026, on earnings per share of ₹8.5, against a book value of ₹7.47 per share.
What is the 52-week high and low of Timex Group India Ltd?
Over the last 52 weeks Timex Group India Ltd has traded between ₹237.2 and ₹759.7 as of 19 Oct 2026.
What is the Return on Equity (ROE) of Timex Group India Ltd?
Timex Group India Ltd reported a return on equity of 67.79%. Its debt-to-equity ratio is 0.95.

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
Listed 2026-04-20
Face Value ₹ 1
Shares Outstanding 10,09,50,000

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