Timex Group India
- P/E
- 78.98
Key Fundamentals
MicrocapConsumer DurablesConsumer DiscretionaryPrice-based figures as of · EPS basis: Standalone · TTM
- ROCE
- 82.80%
- Debt to Equity
- 0.95
- EPS (TTM)
- ₹8.50
- Book Value
- ₹7.47
- Market Cap
- —
- P/E (TTM)
- 78.98
- P/B
- 89.87
- ROE
- 158.00%
- Dividend Yield
- 0.00%
- EBITDA
- ₹116 Cr
- 52W High
- ₹759.70
- 52W Low
- ₹237.20
- Day Range
- ₹626.55 – ₹696.00
- Volume
- 17,66,466
Peer Comparison
Consumer Discretionary › Consumer Goods › Jewellery & Watches › Gems, Jewellery And Watches
| ₹4,754.40 | 73.27 | ₹4,08,204 Cr | 26.88 | 0.33% | 37.70% | 20.50% | ₹92,417 Cr | ₹5,760 Cr | |
| ₹529.05 | 38.06 | ₹52,836 Cr | 8.66 | 0.49% | 24.80% | 21.20% | ₹39,063 Cr | ₹1,436 Cr | |
| ₹366.05 | 19.89 | ₹20,211 Cr | 4.96 | 0.00% | 40.20% | 38.00% | ₹21,635 Cr | ₹922 Cr | |
| ₹15.82 | 16.48 | ₹14,560 Cr | 1.67 | 0.00% | 9.96% | 9.60% | ₹3,505 Cr | ₹775 Cr | |
| ₹4,285.90 | 34.07 | ₹14,306 Cr | 9.41 | 0.40% | 28.10% | 25.50% | ₹9,622 Cr | ₹392 Cr | |
| ₹927.20 | 42.85 | ₹13,567 Cr | 10.22 | 0.23% | 28.90% | 26.90% | ₹7,176 Cr | ₹344 Cr | |
| ₹690.65 | 99.80 | ₹10,225 Cr | 5.75 | 0.00% | 1.11% | 6.78% | ₹2,912 Cr | ₹102 Cr | |
| Timex Group (this company) | ₹671.30 | 78.98 | ₹6,579 Cr | 89.87 | 0.00% | 158.00% | 82.80% | ₹849 Cr | ₹85 Cr |
| Median 8 companies | ₹680.97 | 40.46 | ₹14,433 Cr | 9.04 | 0.12% | 28.50% | 23.35% | ₹8,399 Cr | ₹584 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 98/100
Category scores
- Quality
- 80
- Strong
- Returns, margins, earnings quality 22% weight
- Valuation
- 30
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 50
- Average
- Sales & profit trajectory 9% weight
- Financial Health
- 31
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 97
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 59
- Good
- FII/DII/promoter flows 24% weight
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 79.6 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
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bullish | 3 | 5 | 11 |
| Oscillators | Bearish | 3 | 5 | 1 |
| Moving Averages | Strong Bullish | 0 | 0 | 10 |
Oscillators
Bearish
Overall
Strong Bullish
Moving Averages
Strong Bullish
Key readings
- RSI (14)
- 51.96
- Neutral
- MACD (12,26,9)
- −9.49
- Bearish
- SMA (50)
- 667.99
- Bullish
- SMA (200)
- 461.66
- Bullish
As of
Analyst Rating
1 of 1 analyst rates Buy, 0 Hold, 0 Sell.
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +16.53% |
|---|---|
| 5Y | +41.47% |
| 3Y | +27.78% |
| 1Y | +48.51% |
| TTM | +41.97% |
Net profit
| 10Y | Turned to profit |
|---|---|
| 5Y | Turned to profit |
| 3Y | +16.86% |
| 1Y | +141.94% |
| TTM | +93.18% |
Operating cash flow
| 10Y | Turned positive |
|---|---|
| 5Y | +32.84% |
| 3Y | +108.78% |
| 1Y | Turned positive |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +16.00 pp |
|---|---|
| 5Y | +17.11 pp |
| 3Y | +4.35 pp |
| 1Y | +5.35 pp |
| TTM | +4.21 pp |
Revenue by year
| Mar 2017 | ₹200 Cr |
|---|---|
| Mar 2018 | ₹207 Cr |
| Mar 2019 | ₹242 Cr |
| Mar 2020 | ₹252 Cr |
| Mar 2021 | ₹141 Cr |
| Mar 2022 | ₹264 Cr |
| Mar 2023 | ₹383 Cr |
| Mar 2024 | ₹419 Cr |
| Mar 2025 | ₹538 Cr |
| Mar 2026 | ₹799 Cr |
Net profit by year
| Mar 2017 | −₹3.00 Cr |
|---|---|
| Mar 2018 | ₹8.00 Cr |
| Mar 2019 | ₹7.00 Cr |
| Mar 2020 | −₹2.00 Cr |
| Mar 2021 | −₹8.00 Cr |
| Mar 2022 | ₹3.00 Cr |
| Mar 2023 | ₹47.00 Cr |
| Mar 2024 | ₹21.00 Cr |
| Mar 2025 | ₹31.00 Cr |
| Mar 2026 | ₹75.00 Cr |
Analyst Forecasts
AI Analysis — Bull vs Bear
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.
- 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
- 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
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 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.
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Timex Group insights
35 extracted metrics across FY14–FY27.
Documents
- General announcements 3 Nov 2026
- General announcements 3 Nov 2026
- General announcements 27 Oct 2026
Frequently Asked Questions about Timex Group India
What does Timex Group India Ltd do?
Where is Timex Group India Ltd (TIMEX) listed?
Which sector does Timex Group India Ltd belong to?
What is the PE ratio of Timex Group India Ltd?
What is the 52-week high and low of Timex Group India Ltd?
What is the Return on Equity (ROE) of Timex Group India Ltd?
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.
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