TIMKEN INDIA LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,386 INR | +0.88% |
|
+5.88% | +4.07% |
| 25/04 | Auto parts maker Schaeffler India posts rise in Q1 profit on better demand | RE |
| 01/04 | Timken India Limited Announces Cessation of P S Dasgupta as an Independent Director | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 44,383 | 57,196 | 97,393 | 1,61,920 | 2,08,958 | 2,54,657 | - | - |
| Enterprise Value (EV) 1 | 42,616 | 53,097 | 95,985 | 1,61,046 | 2,05,276 | 2,50,981 | 2,49,632 | 2,46,210 |
| P/E ratio | 29.6 x | 23.2 x | 68 x | 49.5 x | 53.5 x | 72.1 x | 59.3 x | 45.2 x |
| Yield | 0.17% | - | 0.12% | 0.07% | 0.05% | 0.07% | 0.07% | 0.08% |
| Capitalization / Revenue | 2.67 x | 3.54 x | 6.9 x | 7.35 x | 7.45 x | 9.09 x | 7.93 x | 6.49 x |
| EV / Revenue | 2.56 x | 3.28 x | 6.8 x | 7.31 x | 7.31 x | 8.96 x | 7.78 x | 6.28 x |
| EV / EBITDA | 14.8 x | 14.6 x | 38.1 x | 31.5 x | 36.6 x | 48 x | 39.1 x | 30.5 x |
| EV / FCF | 32.4 x | 23 x | 86.9 x | -340 x | 73.3 x | 197 x | 381 x | 69 x |
| FCF Yield | 3.08% | 4.34% | 1.15% | -0.29% | 1.36% | 0.51% | 0.26% | 1.45% |
| Price to Book | 3.31 x | 3.63 x | 7.25 x | 9.77 x | 10.3 x | 10.7 x | 9.05 x | 7.58 x |
| Nbr of stocks (in thousands) | 75,219 | 75,219 | 75,219 | 75,219 | 75,219 | 75,219 | - | - |
| Reference price 2 | 590.0 | 760.4 | 1,295 | 2,153 | 2,778 | 3,386 | 3,386 | 3,386 |
| Announcement Date | 21/05/19 | 05/06/20 | 18/06/21 | 27/05/22 | 17/05/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,644 | 16,178 | 14,105 | 22,032 | 28,066 | 28,005 | 32,106 | 39,210 |
| EBITDA 1 | 2,886 | 3,632 | 2,518 | 5,106 | 5,604 | 5,227 | 6,378 | 8,074 |
| EBIT 1 | 2,093 | 2,864 | 1,769 | 4,263 | 4,732 | 4,362 | 5,260 | 6,765 |
| Operating Margin | 12.58% | 17.7% | 12.54% | 19.35% | 16.86% | 15.58% | 16.38% | 17.25% |
| Earnings before Tax (EBT) 1 | 2,238 | 3,064 | 1,951 | 4,382 | 5,235 | 4,743 | 5,753 | 7,409 |
| Net income 1 | 1,486 | 2,461 | 1,432 | 3,271 | 3,907 | 3,603 | 4,300 | 5,539 |
| Net margin | 8.93% | 15.21% | 10.15% | 14.85% | 13.92% | 12.87% | 13.39% | 14.13% |
| EPS 2 | 19.92 | 32.72 | 19.03 | 43.49 | 51.95 | 46.96 | 57.10 | 74.88 |
| Free Cash Flow 1 | 1,314 | 2,306 | 1,104 | -474 | 2,801 | 1,274 | 654.6 | 3,570 |
| FCF margin | 7.89% | 14.26% | 7.83% | -2.15% | 9.98% | 4.55% | 2.04% | 9.1% |
| FCF Conversion (EBITDA) | 45.51% | 63.49% | 43.86% | - | 49.99% | 24.37% | 10.26% | 44.22% |
| FCF Conversion (Net income) | 88.38% | 93.71% | 77.12% | - | 71.68% | 35.36% | 15.22% | 64.45% |
| Dividend per Share 2 | 1.000 | - | 1.500 | 1.500 | 1.500 | 2.275 | 2.500 | 2.667 |
| Announcement Date | 21/05/19 | 05/06/20 | 18/06/21 | 27/05/22 | 17/05/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,836 | 4,754 | 4,678 | 5,579 | 5,100 | 6,674 | 6,992 | 6,954 | 6,094 | 8,025 | 7,625 | 6,735 | 7,492 |
| EBITDA 1 | 670.7 | 868.5 | 927.6 | 1,238 | 1,141 | 1,798 | 1,716 | 1,321 | 1,037 | 1,529 | 1,517 | 1,320 | 1,379 |
| EBIT 1 | 483.1 | 673.8 | 728.8 | 1,033 | 925 | 1,574 | 1,498 | 1,104 | 813 | 1,316 | 1,323 | 1,322 | 1,132 |
| Operating Margin | 12.59% | 14.17% | 15.58% | 18.52% | 18.14% | 23.58% | 21.42% | 15.88% | 13.34% | 16.4% | 17.35% | 19.63% | 15.11% |
| Earnings before Tax (EBT) 1 | 498.3 | 746.6 | 753.6 | 1,067 | 950 | 1,610 | 1,600 | 1,314 | 952 | 1,369 | 1,204 | 1,186 | 1,140 |
| Net income 1 | 371.8 | 529.3 | 567.2 | 791.9 | 698 | 1,213 | 1,181 | 976 | 706 | 1,045 | 1,192 | 1,086 | 853.5 |
| Net margin | 9.69% | 11.13% | 12.12% | 14.19% | 13.69% | 18.18% | 16.89% | 14.04% | 11.59% | 13.02% | 15.63% | 16.13% | 11.39% |
| EPS 2 | 4.940 | 7.040 | 7.540 | 10.53 | 9.280 | 16.13 | 15.70 | 12.98 | 9.390 | 13.89 | 13.65 | 13.35 | 11.35 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 12/02/21 | 18/06/21 | 09/08/21 | 10/11/21 | 02/02/22 | 27/05/22 | 12/08/22 | 31/10/22 | 01/02/23 | 17/05/23 | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 1,766 | 4,099 | 1,409 | 874 | 3,682 | 3,676 | 5,025 | 8,447 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,314 | 2,306 | 1,104 | -474 | 2,801 | 1,274 | 655 | 3,570 |
| ROE (net income / shareholders' equity) | 14.6% | 16.9% | 9.81% | 21.8% | 21.2% | 15.9% | 16.5% | 17.9% |
| ROA (Net income/ Total Assets) | - | 13.3% | - | - | - | - | - | - |
| Assets 1 | - | 18,462 | - | - | - | - | - | - |
| Book Value Per Share 2 | 178.0 | 210.0 | 179.0 | 220.0 | 271.0 | 317.0 | 374.0 | 447.0 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 1,174 | 1,263 | 783 | 799 | 611 | 3,932 | 3,079 | 1,200 |
| Capex / Sales | 7.05% | 7.81% | 5.55% | 3.63% | 2.18% | 14.04% | 9.59% | 3.06% |
| Announcement Date | 21/05/19 | 05/06/20 | 18/06/21 | 27/05/22 | 17/05/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +4.07% | 3.05B | |
| -12.25% | 7.25B | |
| +17.79% | 7.07B | |
| -36.44% | 1B | |
| -23.97% | 906M | |
| +17.15% | 753M | |
| -17.76% | 670M | |
| -17.95% | 627M | |
| -13.21% | 552M | |
| -9.84% | 529M |
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