Timken India Ltd logo

Timken India Ltd

TIMKEN NSE

Timken India Ltd is engaged in the manufacturing, distribution and sale of anti-friction bearings, components, accessories and mechanical power transmission products for the customer base across different sectors. It also provided maintenance contracts and refurbishment services and industrial services. It was incorporated in 1987 and is a part of the global Timken Group.[1][2]

AI Verdict: HOLD Confidence: 5%

Timken India is a high-quality, debt-free industrial compounder with a 10-year stock CAGR of 21%, but at a PE of 68.1x and with TTM profit declining 11%, the current valuation leaves limited margin of safety. With 83% analyst buy ratings, the long-term structural story remains intact but near-term earnings momentum is weak.

Key Fundamentals

SmallcapAbrasives & BearingsIndustrial Products
Market Cap
₹27,990 Cr
Volatility
Moderate
P/E Ratio
68.99
EBITDA
₹612 Cr
Return on Equity
16.22%
Debt to Equity
0.01
Book Value
₹387.48
EPS
₹52.95
52W High
₹3,925
52W Low
₹2,800.5

Technical Indicators

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 23.4%

Weaknesses

2
  • Stock is trading at 9.51 times its book value
  • Promoter holding has decreased over last 3 years: -16.8%

Growth Rate

Revenue Growth
6.92% ↘
Net Income Growth
-7.54% ↘
Cash Flow Change
13.94% ↗
ROE
-3.02% ↘
ROCE
-8.95% ↘
EBITDA Margin (Avg.)
-11.56% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 1d ago
HOLD
Risk medium

Timken India is a high-quality, debt-free industrial compounder with a 10-year stock CAGR of 21%, but at a PE of 68.1x and with TTM profit declining 11%, the current valuation leaves limited margin of safety. With 83% analyst buy ratings, the long-term structural story remains intact but near-term earnings momentum is weak.

Bull Case 8
  • Company is almost debt-free, providing strong balance sheet resilience and flexibility for future capex or acquisitions
  • 10-year stock CAGR of 21% demonstrates consistent long-term wealth creation for shareholders
  • 5-year compounded sales growth of 19% reflects strong secular demand in industrial bearings and engineered products
  • 83.33% analyst buy ratings (5 out of 6 analysts) indicate broad Street confidence in the business outlook
  • 5-year ROE average of 18% indicates efficient capital allocation and superior return generation versus industrial peers
  • Healthy dividend payout ratio of 23.4% with 0.96% yield provides income support while retaining capital for growth
  • 5-year compounded profit growth of 23% demonstrates strong earnings power over a full business cycle
  • Market cap of Rs 28,578 Cr positions it as a credible mid-to-large cap industrial play with institutional participation
Bear Case 8
  • PE ratio of 68.1x is extremely elevated for an industrial company, pricing in several years of flawless execution
  • TTM compounded profit growth of -11% signals near-term earnings deceleration despite revenue still growing at 9%
  • Promoter holding has decreased by 16.8% over 3 years, raising concerns about parent Timken Co's long-term commitment
  • Price-to-book ratio of 9.51x is very expensive, offering no valuation support if earnings disappoint
  • 3-year stock CAGR of only 4% suggests the stock has largely de-rated from peak valuations already
  • 3-year compounded profit growth of just 1% indicates earnings have stagnated over the medium term
  • Last year ROE declined to 14% from a 5-year average of 18%, indicating deteriorating return efficiency
  • 3-year sales CAGR of only 7% shows revenue growth has moderated significantly from the 5-year 19% pace

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

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Headwinds 2
  • HC orders back-wages since 2005 Jun 22

    Gujarat High Court upheld a Labour Court order directing Timken India to pay regular wages to a former employee from 2005 until superannuation. The company is assessing financial impact and plans to appeal.

  • Rs 107.86 crore damages suit May 30

    Artech International filed a civil suit challenging termination of its distributor agreement and claiming damages of Rs 107.86 crore against Timken India.

Neutral 1
  • Trading window closed for Q1FY26 Jun 19

    Timken India shut its trading window from July 1, 2026, until 48 hours after Q1FY26 results are published, a routine insider trading compliance measure.

TL;DR: Timken India faces two legal overhangs — a Gujarat HC wage order with liability stretching back to 2005 and a Rs 107.86 crore distributor dispute — both creating near-term uncertainty around potential cash outflows. No positive catalysts emerged in the recent news cycle. The trend is mildly deteriorating on the legal front, and investors should watch for the appeal outcome and Q1FY26 results for clarity on operational performance.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
803
718
682
612
898
784
753
671
940
809
773
764
1,073
Expenses
650
582
546
510
699
643
620
565
730
666
635
669
838
Operating Profit
153
136
136
102
199
141
133
107
210
142
138
96
235
OPM %
19%
19%
20%
17%
22%
18%
18%
16%
22%
18%
18%
13%
22%
Other Income
7
9
10
11
11
12
12
13
14
10
10
6
3
Interest
1
1
1
1
1
1
1
1
1
1
1
1
1
Depreciation
21
21
21
21
22
22
21
21
21
21
27
29
30
PBT
137
123
124
91
187
130
124
98
202
130
121
72
207
Tax %
24%
27%
25%
26%
24%
26%
27%
24%
7%
20%
26%
31%
25%
Net Profit
105
90
93
68
141
96
90
74
187
104
89
50
155
EPS in Rs
13.89
11.98
12.37
8.98
18.8
12.8
11.96
9.88
24.84
13.86
11.89
6.63
20.58
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
926
1,042
1,056
1,233
1,664
1,618
1,411
2,203
2,807
2,910
3,148
3,419
Expenses
792
880
898
1,070
1,375
1,254
1,159
1,692
2,246
2,337
2,556
2,808
Operating Profit
134
162
158
163
289
363
252
511
560
572
592
612
OPM %
14%
16%
15%
13%
17%
22%
18%
23%
20%
20%
19%
18%
Other Income
6
3
10
21
16
23
20
14
53
41
50
28
Interest
1
1
1
1
2
3
1
2
3
4
4
4
Depreciation
17
22
29
43
79
77
75
84
87
85
85
106
PBT
122
142
138
140
224
306
195
438
524
524
553
530
Tax %
34%
35%
30%
34%
34%
20%
27%
25%
25%
25%
19%
25%
Net Profit
81
92
97
92
149
246
143
327
391
392
447
398
EPS in Rs
11.87
13.5
14.29
13.53
19.76
32.72
19.04
43.49
51.95
52.13
59.48
52.96
Div. Payout %
25%
7%
7%
7%
5%
153%
8%
3%
3%
5%
61%
5%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
68
68
68
68
75
75
75
75
75
75
75
75
Reserves
370
462
550
634
1,266
1,501
1,268
1,582
1,962
2,342
2,770
2,898
Borrowings
3
4
8
16
23
24
35
32
31
25
17
15
Other Liabilities
144
168
251
261
411
377
510
505
489
545
564
763
Total Liabilities
585
702
877
979
1,775
1,977
1,888
2,194
2,557
2,988
3,425
3,751
Fixed Assets
107
137
231
251
795
748
818
860
843
853
809
1,446
CWIP
27
21
58
54
64
157
97
50
53
104
592
101
Investments
17
38
91
55
176
13
0
99
236
161
117
180
Other Assets
435
506
498
619
741
1,060
973
1,185
1,424
1,870
1,908
2,025
Total Assets
585
702
877
979
1,775
1,977
1,888
2,194
2,557
2,988
3,425
3,751
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
42
101
164
39
249
357
189
33
341
340
387
437
Investing
-23
-67
-126
-64
-106
-110
-67
-75
-45
-228
-337
-404
Financing
-26
1
-5
-2
-23
-17
-379
-15
-15
-17
-27
-279
Net Cash Flow
-7
36
34
-27
119
230
-257
-57
281
94
23
-246
Free Cash Flow
16
35
34
-32
131
237
111
-47
280
81
14
140
CFO/OP
65
94
129
47
112
121
93
29
88
82
89
94
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
69
68
66
66
66
66
96
89
75
82
81
85
Inventory Days
110
108
111
121
125
124
171
171
125
142
124
136
Days Payable
57
65
92
97
92
91
156
100
76
82
76
105
Cash Conversion Cycle
122
110
85
90
99
99
112
160
124
142
129
116
Working Capital Days
98
91
70
96
80
74
86
117
102
111
107
115
ROCE %
30%
30%
24%
21%
22%
21%
13%
29%
28%
23%
21%
18%

Shareholding Pattern

As of Mar 2026
Promoters 51.05%
DIIs 30.63%
Public 8.41%
FIIs 6.96%
Others 2.94%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
67.80%
67.80%
67.80%
67.80%
67.80%
67.80%
67.80%
67.80%
67.80%
57.70%
57.70%
57.70%
57.70%
51.05%
51.05%
51.05%
51.05%
51.05%
51.05%
51.05%
51.05%
FIIs
0.01%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
7.13%
7.20%
12.53%
13.13%
12.96%
10.68%
9.44%
7.38%
6.94%
6.96%
DIIs
11.22%
12.22%
13.10%
13.67%
12.88%
12.47%
12.02%
12.14%
12.20%
19.11%
18.38%
22.57%
23.64%
25.73%
24.95%
24.94%
26.81%
27.69%
29.73%
30.16%
30.63%
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
9.66%
9.55%
9.50%
9.53%
9.18%
9.22%
9.27%
9.25%
9.30%
9.81%
9.25%
8.70%
8.12%
7.98%
8.09%
8.19%
8.59%
8.88%
8.88%
8.79%
8.41%
Others
11.31%
10.42%
9.59%
9.00%
10.14%
10.51%
10.91%
10.80%
10.70%
13.39%
14.67%
3.90%
3.35%
2.71%
2.77%
2.85%
2.88%
2.95%
2.96%
3.06%
2.94%
No. of Shareholders
48,361
49,366
50,191
53,619
55,480
59,564
67,509
68,785
66,652
74,339
73,429
70,040
62,838
66,162
69,093
71,438
76,270
77,827
76,566
74,637
71,023

Documents

Frequently Asked Questions about Timken India Ltd

What does Timken India Ltd do?
Timken India Ltd is engaged in the manufacturing, distribution and sale of anti-friction bearings, components, accessories and mechanical power transmission products for the customer base across different sectors. It also provided maintenance contracts and refurbishment services and industrial se...
Where is Timken India Ltd (TIMKEN) listed?
Timken India Ltd is listed on the Indian stock exchanges. It is listed on NSE: TIMKEN and BSE: 522113. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Timken India Ltd belong to?
Timken India Ltd operates in the Industrials sector within the Industrial Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Timken India Ltd?
Timken India Ltd has a market capitalisation of approximately ₹27989.64 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Timken India Ltd?
The Price-to-Earnings (PE) ratio of Timken India Ltd is 68.99. 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 Timken India Ltd?
Over the past 52 weeks, Timken India Ltd has traded between a low of ₹2,800.5 and a high of ₹3,925. This range helps investors understand the stock's price volatility and recent trading levels.
Does Timken India Ltd pay dividends?
Yes, Timken India Ltd has a dividend yield of 0.96%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Timken India Ltd?
Timken India Ltd has a Return on Equity (ROE) of 16.22%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Timken India Ltd on Tapetide?
On Tapetide, you can view Timken 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

Timken India Ltd is engaged in the manufacturing, distribution and sale of anti-friction bearings, components, accessories and mechanical power transmission products for the customer base across different sectors. It also provided maintenance contracts and refurbishment services and industrial services. It was incorporated in 1987 and is a part of the global Timken Group.[1][2]

Website timken.com
CEO Mr. Sanjay Koul
Employees 1,282
Listed 2007-02-06
Face Value ₹ 10
Issued Size 7,52,18,734

Explore More

More in Industrials → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List