Timken logo

Timken

TIMKEN NSE

Key Fundamentals

SmallcapAbrasives & BearingsIndustrial Products
Market Cap
₹23,407 Cr
Volatility
Moderate
P/E Ratio
56.95
EBITDA
₹662 Cr
Return on Equity
14.23%
Debt to Equity
0.01
Book Value
₹387.48
EPS
₹52.95
52W High
₹3,925
52W Low
₹2,800.5

Tapetide Score

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

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 7.84 times its book value
  • Promoter holding has decreased over last 3 years: -6.65%

Growth Rate

Revenue Growth
8% higher than 3Y
Net Income Growth
-10.23% lower than 3Y
Cash Flow Change
11.77%
ROE
-10.78%
ROCE
-4.73%
EBITDA Margin (Avg.)
-7.41%

AI Analysis — Bull vs Bear

1d ago
AI opinion · based on fundamentals
Risk medium

Timken India (market cap about ₹23,404 Cr) is almost debt-free and has grown sales and profit at 13% and 16% compounded over 10 years. Recent earnings have weakened: TTM profit is down 10% even though sales grew 12%, 3-year profit CAGR is 1%, and ROE slipped to 14% last year from a 5-year average of 18%. The stock trades at 54.7x earnings and about 8x book value, and it has returned 0% compounded over 3 years.

Bull Case 7
  • The company is almost debt-free, so its balance sheet has little financial risk and room to fund capex in a cyclical industrial business.
  • Long-term growth has been steady: 10-year sales CAGR of 13% and profit CAGR of 16%, with profit growing faster than sales, which suggests operating leverage over the cycle.
  • The 5-year record is stronger still, with 19% sales CAGR and 23% profit CAGR, showing the business can grow quickly in a good demand environment.
  • Revenue growth has picked up: TTM sales growth of 12% is well above the 3-year sales CAGR of 7%, a sign that demand may be recovering.
  • ROE has stayed between 14% and 18% across the 1-, 3-, 5- and 10-year periods (10-year average of 16%) without relying on debt.
  • Over the long run the stock has returned a 19% 10-year CAGR, compounding faster than the company's 16% 10-year profit growth.
  • A dividend payout of 23.4% means about 76.6% of earnings is kept for reinvestment, alongside a steady dividend record.
Bear Case 8
  • The P/E of 54.7 means an earnings yield of only about 1.8%. That leaves little room for error, especially while TTM profit is shrinking.
  • The stock trades at about 7.81-8x book value with a latest ROE of 14%, a steep price for the return the company currently earns on equity.
  • TTM profit fell 10% while sales rose 12%, which points to margin pressure from input costs, product mix or pricing.
  • Over 3 years, profit grew at just a 1% CAGR against 7% sales growth, and the stock returned 0% compounded over the same period.
  • ROE has fallen to 14% last year from a 5-year average of 18%, meaning the company is earning less on its capital.
  • Promoter holding has dropped by 6.65 percentage points over the last 3 years, which reduces promoter ownership and could add supply of shares to the market.
  • The dividend yield is 0.08%, so shareholders get almost no income return at the current price.
  • The 1-year stock return of 3% trails the TTM sales growth of 12%, which shows the market is already reacting to the weaker profit trend.

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

AI News Digest

15d ago
Neutral 1
  • 39th AGM, ₹2.50 dividend declared Aug 18

    Timken India held its 39th AGM on August 18, 2026, approving FY26 audited financials and declaring a final dividend of ₹2.50 per equity share.

TL;DR: Limited recent news flow for Timken India. The company held its routine AGM and declared a modest ₹2.50 per share final dividend for FY26, signaling steady but unremarkable capital return. With no significant headwinds or catalysts in the latest updates, the near-term outlook hinges on upcoming quarterly results and broader industrial demand trends.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
718
682
612
898
784
753
671
940
809
773
764
1,073
929
Expenses
582
546
510
699
643
620
565
730
666
635
669
838
757
Operating Profit
136
136
102
199
141
133
107
210
142
138
96
235
172
OPM %
19%
20%
17%
22%
18%
18%
16%
22%
18%
18%
13%
22%
19%
Other Income
9
10
11
11
12
12
13
14
10
10
6
3
10
Interest
1
1
1
1
1
1
1
1
1
1
1
1
1
Depreciation
21
21
21
22
22
21
21
21
21
27
29
30
31
PBT
123
124
91
187
130
124
98
202
130
121
72
207
150
Tax %
27%
25%
26%
24%
26%
27%
24%
7%
20%
26%
31%
25%
23%
Net Profit
90
93
68
141
96
90
74
187
104
89
50
155
115
EPS in Rs
11.98
12.37
8.98
18.8
12.8
11.96
9.88
24.84
13.86
11.89
6.63
20.58
15.31
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
926
1,042
1,056
1,233
1,664
1,618
1,411
2,203
2,807
2,910
3,148
3,419
3,540
Expenses
792
880
898
1,070
1,375
1,254
1,159
1,692
2,246
2,337
2,556
2,807
2,898
Operating Profit
134
162
158
163
289
363
252
511
560
572
592
612
642
OPM %
14%
16%
15%
13%
17%
22%
18%
23%
20%
20%
19%
18%
18%
Other Income
6
3
10
21
16
23
20
14
53
41
50
28
28
Interest
1
1
1
1
2
3
1
2
3
4
4
4
3
Depreciation
17
22
29
43
79
77
75
84
87
85
85
106
116
PBT
122
142
138
140
224
306
195
438
524
524
553
530
550
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
409
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
54.41
Div. Payout %
25%
7%
7%
7%
5%
153%
8%
3%
3%
5%
61%
5%
—
Figures in ₹ Crores

Balance Sheet

Particulars 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

Particulars 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
-402
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
-243
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

Particulars 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
110
ROCE %
30%
30%
24%
21%
22%
21%
13%
29%
28%
23%
21%
18%

Insights

Beta

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

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63 extracted metrics + investor summaries across FY12–FY27.

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Shareholding Pattern

Others3.04%Promot.51.05%FIIs7.32%Public8.31%DIIs30.28%As ofJun 2026

Documents

Frequently Asked Questions about Timken

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 trades as TIMKEN on the NSE and under code 522113 on the BSE.
Which sector does Timken India Ltd belong to?
Timken India Ltd is classified under the Industrial Products sector, in the Abrasives & Bearings industry.
What is the market capitalisation of Timken India Ltd?
Timken India Ltd has a market capitalisation of ₹23,407 Cr, which places it in the Large Cap band.
What is the PE ratio of Timken India Ltd?
Timken India Ltd trades at a PE ratio of 56.95, on earnings per share of ₹52.95, against a book value of ₹387.48 per share.
What is the 52-week high and low of Timken India Ltd?
Over the last 52 weeks Timken India Ltd has traded between ₹2,800.5 and ₹3,925.
Does Timken India Ltd pay dividends?
Timken India Ltd has a dividend yield of 0.08%.
What is the Return on Equity (ROE) of Timken India Ltd?
Timken India Ltd reported a return on equity of 14.23%. Its debt-to-equity ratio is 0.01.

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

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