Timken
Timken
IndustrialsKey Fundamentals
SmallcapAbrasives & BearingsIndustrial ProductsTapetide 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 8.35 times its book value
- Promoter holding has decreased over last 3 years: -6.65%
Growth Rate
AI Analysis — Bull vs Bear
Timken India Ltd is a ₹23,307 Cr market-cap industrial bearings company trading at a PE of 54.7x and 7.84x book value. The company is virtually debt-free with a 5-year sales CAGR of 19%, but recent profitability has decelerated with TTM profit growth at -10% and ROE declining from an 18% 5-year average to 14% last year.
- Almost debt-free balance sheet provides financial flexibility and resilience through industrial cycles
- Strong long-term sales track record with 5-year compounded sales growth of 19% and 10-year CAGR of 13%
- 5-year compounded profit growth of 23% demonstrates historically strong earnings power
- Consistent dividend payout ratio of 23.4% indicates shareholder-friendly capital allocation despite being a growth-oriented industrial company
- 10-year stock CAGR of 18% reflects sustained long-term wealth creation
- TTM revenue growth of 12% shows the top line continues to expand even as profit growth has slowed
- 10-year ROE average of 16% indicates the business generates reasonable returns on equity over full cycles
- PE ratio of 54.7x is significantly elevated for an industrial company, leaving limited margin of safety
- TTM profit growth has turned negative at -10%, signalling margin compression or cost pressures
- ROE has declined from 18% (5-year average) to 14% last year, indicating deteriorating capital efficiency
- Stock trades at 7.84x book value, a steep premium that prices in substantial future growth
- Promoter holding has decreased by 6.65% over the last 3 years, which may signal reduced promoter confidence
- 3-year stock CAGR of -1% shows the stock has delivered no returns over a meaningful medium-term period despite earnings growth
- 3-year compounded profit growth of just 1% suggests recent earnings momentum has stalled considerably versus the 5-year CAGR of 23%
- Dividend yield of just 0.08% offers negligible income return relative to the high valuation multiples
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- 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 39th AGM and declared a modest ₹2.50 per share final dividend, signaling steady but unremarkable shareholder returns. With no negative or notably bullish developments in the current batch, the near-term outlook hinges on upcoming quarterly results and broader industrial demand trends.
Quarterly Results
| 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 | 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 |
Profit & Loss
| 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 | 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% | — |
Balance Sheet
| 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 | 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
| 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 | 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 |
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 | 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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51 extracted metrics + investor summaries across FY13–FY26.
Documents
Frequently Asked Questions about Timken
What does Timken India Ltd do?
Where is Timken India Ltd (TIMKEN) listed?
Which sector does Timken India Ltd belong to?
What is the market capitalisation of Timken India Ltd?
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What is the 52-week high and low of Timken India Ltd?
Does Timken India Ltd pay dividends?
What is the Return on Equity (ROE) of Timken India Ltd?
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]
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