
TIMKEN - Timken India Ltd Share Price
Industrial Products
Valuation | |
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Market Cap | 22.58 kCr |
Price/Earnings (Trailing) | 49.58 |
Price/Sales (Trailing) | 7.01 |
EV/EBITDA | 34.59 |
Price/Free Cashflow | 2.32 K |
MarketCap/EBT | 40.8 |
Enterprise Value | 22.18 kCr |
Fundamentals | |
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Revenue (TTM) | 3.22 kCr |
Rev. Growth (Yr) | 2.9% |
Earnings (TTM) | 455.31 Cr |
Earnings Growth (Yr) | 8.2% |
Profitability | |
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Operating Margin | 17% |
EBT Margin | 17% |
Return on Equity | 16% |
Return on Assets | 13.29% |
Free Cashflow Yield | 0.04% |
Price to Sales Ratio
Revenue (Last 12 mths)
Net Income (Last 12 mths)
Growth & Returns | |
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Price Change 1W | -9.1% |
Price Change 1M | -15.1% |
Price Change 6M | 16.8% |
Price Change 1Y | -19% |
3Y Cumulative Return | -0.10% |
5Y Cumulative Return | 25% |
7Y Cumulative Return | 23% |
10Y Cumulative Return | 18.9% |
Cash Flow & Liquidity | |
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Cash Flow from Investing (TTM) | -337.56 Cr |
Cash Flow from Operations (TTM) | 387.3 Cr |
Cash Flow from Financing (TTM) | -27.33 Cr |
Cash & Equivalents | 394.35 Cr |
Free Cash Flow (TTM) | 9.75 Cr |
Free Cash Flow/Share (TTM) | 1.3 |
Balance Sheet | |
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Total Assets | 3.43 kCr |
Total Liabilities | 580.49 Cr |
Shareholder Equity | 2.84 kCr |
Current Assets | 1.95 kCr |
Current Liabilities | 511.72 Cr |
Net PPE | 577.43 Cr |
Inventory | 644.66 Cr |
Goodwill | 181.31 Cr |
Capital Structure & Leverage | |
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Debt Ratio | 0.00 |
Debt/Equity | 0.00 |
Interest Coverage | 126.7 |
Interest/Cashflow Ops | 90.38 |
Dividend & Shareholder Returns | |
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Dividend/Share (TTM) | 36 |
Dividend Yield | 1.2% |
Shares Dilution (1Y) | 0.00% |
Shares Dilution (3Y) | 0.00% |
Summary of Latest Earnings Report from Timken India
Summary of Timken India's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
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In the earnings call for Q1 FY 2025-26, Timken India Limited management provided a cautious yet optimistic outlook for the company's performance. Mr. Sanjay Koul, Chairman and Managing Director, noted that revenue from operations reached INR 808.8 crores, reflecting a 3.2% year-on-year increase and marking the best first quarter to date. PBT stood at INR 130.4 crores, flat compared to the previous year, with a PBT margin of 16.1%, slightly down from 16.6% in Q1 FY 2024.
Key updates highlighted by management included the stabilization of the Bharuch plant and the capitalization of one CRB line, which commenced commercial production in late June. They reiterated a commitment to capacity building and operational efficiency. The investment in rail expansion in Jamshedpur and the ramp-up of plain bearings in Bharuch continue as planned.
For their core industrial sectors, Mr. Koul emphasized a cautious optimism regarding the demand environment despite macroeconomic uncertainties. The growth forecast for rail segments is expected to be steady, although he ruled out double-digit growth, suggesting high single digits instead. For the process sector, growth prospects remain mixed.
Management also indicated that they are closely monitoring geopolitical factors, economic conditions in the U.S., and tariff impacts, which pose potential challenges but are not seen as insurmountable. They affirmed plans to enhance capacity through investments totaling INR 155 crores for rail and plain bearings, aiming for a utilization target of around 45% by the end of FY 2026. Additionally, they confirmed that the majority of initial revenues from the Bharuch facility would be directed towards export markets. Overall, they remain focused on execution excellence while navigating these challenges.
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Question 1: "If you could give us the mix in the first quarter? How much was from railways and the other segments?"
Answer: In Q1 FY '26, the revenue mix was as follows: Rail contributed INR196.5 crores (24%), Mobile INR156 crores (19%), Distribution INR146 crores (18%), Process INR142 crores (18%), and Exports at INR164 crores (20%). Overall, we achieved revenues of INR808.8 crores.
Question 2: "Could you kind of give an update on the new plant utilization plans? Does that stay the same or is there some change to that estimate?"
Answer: We expect to maintain our target of reaching about 45% utilization by year-end. The first line has been capitalized, and other lines will follow shortly. We are focused on training our team and qualifying new lines, so a slight variation in percentage may occur, but we're on track for our previous estimate.
Question 3: "What are your expectations for the rail and process markets? Which will influence growth more?"
Answer: Rail is expected to grow steadily but not explosively; we anticipate high single-digit growth, as it's cyclical. The process market is mixed. While sectors like wind are doing well, mining and steel are sluggish. Infrastructure spending will be key, but overall, I remain cautiously optimistic about both sectors.
Question 4: "Is it reasonable to assume that rail probably grows in double digits and process maybe in high single, mid-single?"
Answer: I don't believe rail can achieve double-digit growth, but both rail and process could see growth in the high single digits. The overall economic forecast suggests a modest trend as we advance into FY '26.
Question 5: "What are your thoughts on the CV industry growth expectations? What has changed?"
Answer: The CV industry growth outlook remains unclear. Typically, it could range from 0-9%. There are various scenarios"”poor, average, or optimistic. The economic climate will largely dictate the growth trajectory in this sector.
Question 6: "Regarding Bharuch ramp-up, would it be fair to assume that current billing is primarily for export markets?"
Answer: Yes, that's correct. The billing initiated in July focused primarily on export markets, which aligns with our strategy of rooting for increased export capacity from the Bharuch facility.
Question 7: "Can you share our geographical mix of exports and how tariffs might affect pass-through?"
Answer: Our export mix is about 50% towards North America, primarily in heavy trucks and rail, with other markets like Europe and Asia also significant. Regarding tariffs, they are factored into our pricing strategy, but the key concern is the broader economic context in the U.S.
Question 8: "Any order visibility for CRB and SRB in the domestic market?"
Answer: Yes, we're working on customer qualifications (PPAPs) and have received the first order for locomotive applications from Indian Railways. We have strong visibility and anticipate gaining further traction in domestic markets.
Question 9: "What is your expectation for FY '26 capex?"
Answer: For FY '26, we expect capex of around INR120 crores for rail expansion and approximately INR35 crores for the first phase of plain bearings. The total immediate expansion capex will be about INR150 crores, including maintenance that will follow standard norms.
Each of the answers is concise and follows the character limit while retaining critical figures and forward guidance.
Share Holdings
Understand Timken India ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
Holding Pattern
Share Holding Details
Shareholder Name | Holding % |
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Timken Singapore Pte Ltd | 51.05% |
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund | 4.11% |
Sbi Large & Midcap Fund | 3.06% |
Mirae Asset Large Cap Fund | 1.81% |
Invesco India Flexi Cap Fund | 1.57% |
Uti-Mid Cap Fund | 1.38% |
Hdfc Life Insurance Company Limited | 1.18% |
Tata Aia Life Insurance Co Ltd-Whole Life Mid Cap Equity Fund-Ulif 009 04/01/07 Wle 110 | 1.17% |
Government Of Singapore | 1.15% |
Franklin India Prima Fund | 1.04% |
Overall Distribution
Distribution across major stakeholders
Ownership Distribution
Distribution across major institutional holders
Is Timken India Better than it's peers?
Detailed comparison of Timken India against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|---|
SCHAEFFLER | Schaeffler India | 61.7 kCr | 8.73 kCr | -6.40% | -2.80% | 58.31 | 7.06 | - | - |
SKFINDIA | SKF India | 22.28 kCr | 5.1 kCr | -9.90% | -14.80% | 42.46 | 4.37 | - | - |
NRBBEARING | NRB Bearings | 2.89 kCr | 1.25 kCr | -2.80% | -5.50% | 33.39 | 2.32 | - | - |
MENONBE | Menon Bearings | 709.24 Cr | 254.19 Cr | -0.40% | -3.30% | 26.04 | 2.79 | - | - |
Sector Comparison: TIMKEN vs Industrial Products
Comprehensive comparison against sector averages
Comparative Metrics
TIMKEN metrics compared to Industrial
Category | TIMKEN | Industrial |
---|---|---|
PE | 49.58 | 34.55 |
PS | 7.01 | 2.61 |
Growth | 6.7 % | 7.8 % |
Performance Comparison
TIMKEN vs Industrial (2021 - 2025)
- 1. TIMKEN is among the Top 10 Industrial Products companies but not in Top 5.
- 2. The company holds a market share of 0.7% in Industrial Products.
- 3. The company is growing at an average growth rate of other Industrial Products companies.
Income Statement for Timken India
Balance Sheet for Timken India
Cash Flow for Timken India
What does Timken India Ltd do?
Timken India Limited manufactures and distributes tapered roller bearings, other roller bearings, components, and accessories for the automotive sector and railway industry in India, the United States, and internationally. The company offers cylindrical roller, plain, spherical roller, tapered roller, thrust, precision, slewing, and ball bearing, as well as seals, maintenance tools, housed units, and wheel hub under the Timken brand; and integrated bearing assemblies, driveline center support bearings for commercial and light vehicles, and lubrication and lubrication systems. It provides mechanical power transmission products, such as encoders, gear boxes/transmissions, couplings and joints, belts, augers, linear motion products, brakes and clutches, commercial vehicles wheels and accessories and tools, and chains. In addition, the company offers maintenance contract and refurbishment services; and uptower and motor repair services. Timken India Limited was formerly known as Tata Timken Limited and changed its name to Timken India Limited in July 1999. The company was incorporated in 1987 and is based in Bengaluru, India. Timken India Limited operates as a subsidiary of The Timken Company.