Skip to content
Timken logo

Timken India

TIMKEN NSE
₹3,071.50 +63.20 (+2.10%)
P/E
56.45
View as Markdown
MCP
Close 4 Nov 2026 ₹3,071.50 +17.10 +0.56% 1Y
Start ₹3,054.40

Key Fundamentals

SmallcapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
18.30%
Debt to Equity
0.01
EPS (TTM)
₹54.41
Book Value
₹416.75
Market Cap
—
P/E (TTM)
56.45
P/B
7.37
ROE
13.70%
Dividend Yield
0.08%
EBITDA
₹662 Cr
52W High
₹3,925.00
52W Low
₹2,687.90
Day Range
₹2,974.00 – ₹3,100.00
Volume
22,908

Tapetide Score

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

Overall score

49 Average

Data confidence 100/100

Category scores

Quality
62
Good
Returns, margins, earnings quality 22% weight
Valuation
46
Average
Cheap vs sector & own history 24% weight
Growth
35
Poor
Sales & profit trajectory 9% weight
Financial Health
80
Strong
Solvency, leverage, coverage 9% weight
Momentum
16
Poor
Trend strength, vol-adjusted 12% weight
Ownership
47
Average
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

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

Weaknesses

2
  • Stock is trading at 7.07 times its book value
  • Promoter holding has decreased over last 3 years: -6.65%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish739
OscillatorsNeutral333
Moving AveragesStrong Bullish406

Key readings

RSI (14)
59.94
Neutral
MACD (12,26,9)
−33.20
Bullish
SMA (50)
3,056.42
Bullish
SMA (200)
3,269.65
Bearish

As of

Analyst Rating

Based on 6 analysts
BUY83%

5 of 6 analysts rate Buy, 1 Hold, 0 Sell.

As of

BUY
5
83%
HOLD
1
17%
SELL
0
0%

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

Revenue growth by window
10Y+12.62%
5Y+19.36%
3Y+6.80%
1Y+8.61%
TTM+11.53%

Net profit

Net profit growth by window
10Y+15.77%
5Y+22.72%
3Y+0.59%
1Y−10.96%
TTM−10.11%

Operating cash flow

Operating cash flow growth by window
10Y+15.78%
5Y+18.25%
3Y+8.62%
1Y+12.92%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+2.35 pp
5Y+0.04 pp
3Y−2.05 pp
1Y−0.91 pp
TTM−0.55 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,056 Cr
Mar 2018₹1,233 Cr
Mar 2019₹1,664 Cr
Mar 2020₹1,618 Cr
Mar 2021₹1,411 Cr
Mar 2022₹2,203 Cr
Mar 2023₹2,807 Cr
Mar 2024₹2,910 Cr
Mar 2025₹3,148 Cr
Mar 2026₹3,419 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹97.00 Cr
Mar 2018₹92.00 Cr
Mar 2019₹149 Cr
Mar 2020₹246 Cr
Mar 2021₹143 Cr
Mar 2022₹327 Cr
Mar 2023₹391 Cr
Mar 2024₹392 Cr
Mar 2025₹447 Cr
Mar 2026₹398 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹744 Cr +12.3% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 2 Nov 2026
AI opinion · based on fundamentals
Risk medium

Timken India Ltd trades at ₹3,016.7 as of 2026-11-02 with a market cap of ₹21,886.4 Cr. The company operates virtually debt-free (debt-to-equity of 0.01) and has delivered a 10-year compounded sales growth of 13%, though TTM profit has declined by 10% and the stock trades at a PE of 55.44, well above typical industrial sector multiples.

Bull Case 8
  • The company is virtually debt-free with a debt-to-equity ratio of just 0.01, providing significant financial flexibility and resilience against interest rate cycles.
  • Long-term compounded sales growth stands at 13% over 10 years and 19% over 5 years, indicating a sustained revenue expansion track record.
  • Long-term compounded profit growth of 16% over 10 years and 23% over 5 years reflects strong historical earnings compounding.
  • Return on equity has averaged 16% over 10 years and 18% over 5 years, demonstrating consistent and efficient capital deployment.
  • ROCE stands at 18.52%, indicating healthy returns on total capital employed — a positive signal for an industrial business.
  • The stock is trading roughly 23% below its 52-week high of ₹3,925, offering a narrower valuation gap compared to peak levels.
  • The company has maintained a healthy dividend payout ratio of 23.4%, returning a meaningful share of profits to shareholders despite being in a capital-intensive sector.
  • TTM revenue growth of 12% shows the top line continues to expand even as profitability has come under near-term pressure.
Bear Case 7
  • The TTM PE ratio of 55.44 is elevated for an industrial products company, demanding significant future earnings growth to justify the current valuation.
  • TTM compounded profit has declined by 10%, signalling a meaningful near-term earnings contraction despite continued revenue growth.
  • 3-year compounded profit growth has slowed to just 1%, a sharp deceleration from the 5-year rate of 23%, suggesting fading earnings momentum.
  • Promoter holding has decreased by 6.65% over the last three years, which may signal reduced promoter conviction or strategic dilution.
  • The dividend yield of 0.09% is negligible, offering virtually no income cushion to investors during periods of capital depreciation.
  • The stock has delivered a negative 1-year return of -3% and a 3-year CAGR of -2%, underperforming broader market indices over these horizons.
  • Last year's ROE of 14% has dipped below the 10-year average of 16% and the 5-year average of 18%, hinting at declining return efficiency.

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

AI News Digest

12h ago

TL;DR: Timken India delivered a strong Q2FY27 with 30% profit growth and a 60% export surge, supported by the Bharuch plant ramp-up. Input cost inflation in steel and carbides and rail segment delays are near-term headwinds, though pricing actions are underway. The GST dispute is modest at ₹8.19 crore and manageable. The growth trend is improving, but margin sustainability depends on successful cost pass-throughs in coming quarters.

Headwinds 3
  • GST demand of ₹8.19 crore Nov 3

    Appeal against ₹8.19 crore GST demand rejected, with royalty payments reclassified from 12% to 18% GST as franchise services. Company plans to escalate to Appellate Tribunal but lacked documentary evidence in its defense.

  • Cost inflation in key inputs Nov 3

    Management flagged cost inflation in carbides and steel during Q2FY27, with pricing actions underway but pass-through to customers still in progress.

  • Rail segment delays persist Nov 3

    Rail segment experienced order delays in Q2FY27, though interim orders have started flowing in.

Positives 3
  • Q2 profit surges 30% YoY Nov 3

    Net profit rose 29.7% YoY to ₹116 crore and revenue grew 25.4% YoY to ₹969.3 crore in Q2FY27, reflecting strong broad-based momentum.

  • Exports jump 60% YoY Nov 3

    Export revenue surged 60% YoY in Q2FY27, now contributing 27% of total revenue, signaling growing global demand for Timken India's products.

  • Bharuch plant ramping up Nov 3

    Bharuch facility running at 60% overall utilization with SRB lines at 70%, contributing ₹750 million in quarterly revenue with further ramp-up potential.

Neutral 1
  • GST appeal to Appellate Tribunal Nov 3

    Timken India stated the ₹8.19 crore GST demand has no immediate financial impact and plans to challenge the ruling at the Appellate Tribunal.

Quarterly Results

₹ Cr
TIMKEN quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
718
682
612
898
784
753
671
940
809
773
764
1,073
929
969
Expenses
582
546
510
699
643
620
565
730
666
635
669
838
757
791
Operating Profit
136
136
102
199
141
133
107
210
142
138
96
235
172
178
OPM %
19%
20%
17%
22%
18%
18%
16%
22%
18%
18%
13%
22%
19%
18%
Other Income
9
10
11
11
12
12
13
14
10
10
6
3
10
8
Interest
1
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
29
PBT
123
124
91
187
130
124
98
202
130
121
72
207
150
156
Tax %
27%
25%
26%
24%
26%
27%
24%
7%
20%
26%
31%
25%
23%
26%
Net Profit
90
93
68
141
96
90
74
187
104
89
50
155
115
116
EPS (₹)
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
—

Sep 2026: from the results filed on 29 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
TIMKEN profit and loss, annual, ₹ crore
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 (₹)
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%
—

Balance Sheet

₹ Cr
TIMKEN balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
TIMKEN cash flow, annual, ₹ crore
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/EBITDA
65
94
129
47
112
121
93
29
88
82
89
94

Ratios

TIMKEN financial ratios, annual
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

Log in to view Timken insights

63 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 51.05%
  • DIIs 30.74%
  • Public 8.34%
  • FIIs 6.90%
  • Others 2.96%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Timken India

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.
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 PE ratio of Timken India Ltd?
Timken India Ltd trades at a PE ratio of 56.45 as of 4 Nov 2026, on earnings per share of ₹54.41, against a book value of ₹416.75 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 ₹2,687.9 and ₹3,925 as of 4 Nov 2026.
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 13.70%. 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.

Website timken.com
CEO Mr. Sanjay Koul
Employees 1,282
Listed 6 Feb 2007
Face Value ₹10

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/TIMKEN.md for Timken India Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More Industrial Products stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month