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Timken India Ltd

₹ 2,990-1.99%
16 Jan – close price
🔗timken.com•BSE: 522113•NSE: TIMKEN
Market Cap₹ 22,496 Cr.
Current Price₹ 2,990
High / Low₹ 3,576
Stock P/E49.5
Book Value₹ 368
Dividend Yield1.20 %
ROCE20.9 %
ROE17.0 %
Face Value₹ 10.0
Sales₹ 3,193 Cr.
OPM18.7 %
Mar Cap₹ 22,496 Cr.

ABOUT

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]

KEY POINTS

HistoryTimken India Limited was incorporated in 1987 as Tata Timken Limited, a JV between Tata Iron and Steel Company and The Timken Company. It commenced commercial production at its Jamshedpur plant in March 1992. TISCO and TIMKEN each held a 40% equity stake in the company and the public held the rest.In 1999, Timken acquired from Tata Steel its 40% stake in Tata Timken Limited. The name of the Company was changed to Timken India Limited on July 2, 1999.[1]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsJv Partnerships AcquisitionsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Timken India2990.5049.4622496.371.2089.47-0.53772.992.6720.933193.0318.70454.8389.478.1313.910.01
2.Grindwell Norton1600.2046.5017702.391.06107.4311.12774.7411.6520.902890.3218.04380.69106.887.7611.960.04
3.Carborundum Uni.814.1062.0115494.770.4974.26-35.691298.086.0416.124989.6712.04249.8974.514.148.490.08
4.SKF India Indus.2679.70–13229.590.00-0.56–0.00–––––-0.56–––
5.SKF India1856.0016.549184.570.78105.4931.881309.065.2128.835061.6814.59555.21124.223.3315.690.00
6.Wendt India7258.5052.861458.430.692.70-74.7456.581.6519.81237.7518.2327.592.705.8412.370.00
7.SKP Bearing165.5051.64274.730.673.35231.6839.9615.9611.9675.8316.885.323.355.393.180.68
–Median: 8 Co.1728.149.4611207.080.6838.8-0.53414.795.2119.812890.3216.88249.8938.935.3911.960.04

Quarterly Results

Standalone figures in ₹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
695609803718682612898784753671940809773
Expenses
563506650582546510699643620565730666635
Operating Profit
132104153136136102199141133107210142138
Other Income
221479101111121213141010
Profit before tax
131951371231249118713012498202130121
Tax %
26%26%24%27%25%26%24%26%27%24%7%20%26%
Net Profit
987110590936814196907418710489
EPS in Rs
12.989.3813.8911.9812.378.9818.8012.8011.969.8824.8413.8611.89

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
7199261,0421,0561,2331,6641,6181,4112,2032,8072,9103,1483,193
Expenses
6467928808981,0701,3751,2541,1591,6922,2462,3372,5562,596
Operating Profit
73134162158163289363252511560572592597
Other Income
106310211623201453415047
Interest
1111123123444
Depreciation
16172229437977758487858589
Profit before tax
66122142138140224306195438524524553550
Net Profit
4581929792149246143327391392447455
EPS in Rs
6.5811.8713.5014.2913.5319.7632.7219.0443.4951.9552.1359.4860.47
Dividend Payout %
99%25%7%7%7%5%153%8%3%3%5%61%–

Compounded Sales Growth

10 Years:13%
5 Years:14%
3 Years:13%
TTM:5%

Compounded Profit Growth

10 Years:19%
5 Years:13%
3 Years:11%
TTM:15%

Stock Price CAGR

10 Years:21%
5 Years:19%
3 Years:-2%
1 Year:3%

Return on Equity

10 Years:17%
5 Years:18%
3 Years:18%
Last Year:17%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
68686868687575757575757575
Reserves
3143704625506341,2661,5011,2681,5821,9622,3422,7702,693
Borrowings
3348162324353231251715
Other Liabilities
114144168251261411377510505489545564598
Total Liabilities
5005857028779791,7751,9771,8882,1942,5572,9883,4253,382
Fixed Assets
971071372312517957488188608438538091,265
Gross Block
2813061602823429669861,1281,2521,3171,4041,437–
Accumulated Depreciation
184199225191172238310392474551629–
CWIP
262721585464157975053104592241
Investments
231738915517613099236161117120
Other Assets
3544355064986197411,0609731,1851,4241,8701,9081,756
Total Assets
5005857028779791,7751,9771,8882,1942,5572,9883,4253,382

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
44421011643924935718933341340387
Cash from Investing Activity
-30-23-67-126-64-106-110-67-75-45-228-337
Cash from Financing Activity
-14-261-5-2-23-17-379-15-15-17-27
Net Cash Flow
-0-73634-27119230-257-572819423

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
756968666666669689758281
Inventory Days
112110108111121125124171171125142124
Days Payable
60576592979291156100768276
Cash Conversion Cycle
12812211085909999112160124142129
Working Capital Days
10498917096807486117102111107
ROCE %
19%30%30%24%21%22%21%13%29%28%23%21%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters
67.80%67.80%57.70%57.70%57.70%57.70%51.05%51.05%51.05%51.05%51.05%51.05%51.05%
FIIs
4.30%3.95%6.56%6.71%7.13%7.20%12.53%13.14%12.97%10.68%9.44%7.39%6.94%
DIIs
12.14%12.44%19.11%19.68%22.57%23.62%25.57%24.80%24.93%26.80%27.68%29.72%30.15%
Public
15.75%15.79%16.64%15.91%12.59%11.45%10.84%11.02%11.04%11.46%11.82%11.84%11.85%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Timken India Board Meeting Scheduled for May 14, 2026, to Consider Financial Results and Dividend

15th April 2026, 10:53 pm

Timken India Files SEBI Compliance Certificate for March 2026 Quarter

7th April 2026, 11:19 pm

Timken India Shareholders Approve Director Appointments Via Postal Ballot

6th April 2026, 10:53 pm

Timken India Shareholders Approve Director Appointments via Postal Ballot

6th April 2026, 10:51 pm

Timken India Completes Acquisition of 26.1% Stake in Sunstreamgreen Energy

24th March 2026, 4:19 pm

Published by Other Websites

External media mentions & references

Experts Unveil 9 Top Buy Ideas for March 13 Trading

13th March 2026, 7:32 am

Expert Picks: Delhivery, Eicher Motors, IndusInd Bank Trade Ideas for Feb 27

27th February 2026, 5:53 am

Timken India Stock Upgraded to Accumulate with ₹3,665 Target

20th February 2026, 7:21 pm

Dalal Street Pain: Stock Picking Hits Rough Patch, Most Stocks Underperform

14th February 2026, 10:38 pm

Q3 Earnings Radar: Marico Invests, Trent Surges, Cummins Dips Feb 5

5th February 2026, 7:38 am

News Articles

Editorial & research coverage

India Stocks: Index Up, Individual Shares Down - The Divergence Deepens
India Stocks: Index Up, Individual Shares Down - The Divergence Deepens

14th February 2026, 10:38 pm

Timken India's Profit Squeezed Amidst Revenue Growth
Timken India's Profit Squeezed Amidst Revenue Growth

4th February 2026, 10:31 pm

Timken India Revenue Up 14%, But Profit Plunges 30% on Margin Squeeze
Timken India Revenue Up 14%, But Profit Plunges 30% on Margin Squeeze
Timken India PAT Plummets 30% YoY Despite Revenue Growth
Timken India PAT Plummets 30% YoY Despite Revenue Growth
Timken India Q3 Revenue Up 13.8%, But One-offs Dent Profitability
Timken India Q3 Revenue Up 13.8%, But One-offs Dent Profitability

Documents

Announcements

Board Meeting Intimation for Board Meeting Date

13 Jan - Board meeting on 4 Feb 2026 to approve unaudited consolidated results for quarter and nine months ended 31 Dec 2025.

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

5 Jan - Certificate confirming dematerialization for quarter ended 31 Dec 2025 by CB Management (Timken India).

Announcement under Regulation 30 (LODR)-Updates on Acquisition

31 Dec - Timken delays completion of 26.1% Sunstreamgreen Energy acquisition to on or before March 2026.

ORDER PASSED BY INCOME TAX DEPARTMENT, ASSESSMENT UNIT: UPDATE

26 Dec - IT order dated 24 Dec 2025 reduced demand from Rs74,76,70,348 to Rs32,47,28,750; company will appeal.

ORDER PASSED BY INCOME TAX DEPARTMENT, ASSESSMENT UNIT

19 Dec - IT Department assessed AY2022-23 higher by Rs89,08,07,881; demand Rs74,76,70,348 on 18-Dec-2025; company to appeal.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from nse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Credit Ratings

No credit ratings.

Concalls

Aug 2025

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Jun 2025

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Feb 2025

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Nov 2024

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Aug 2024

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May 2024

TranscriptRecording

May 2024

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Feb 2024

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Nov 2023

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Aug 2023

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Jun 2023

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May 2023

TranscriptPPT

Dec 2022

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Jun 2022

Transcript

Jun 2016

PPT

Stock Analysis

Description

  1. Timken India Ltd is engaged in the manufacturing, distribution, and sale of anti-friction bearings, components, accessories, and mechanical power transmission products. It also provides maintenance contracts, refurbishment services, and industrial services. Incorporated in 1987, it is part of the global Timken Group.

Key Growth Triggers

  1. Currently no data available for Key Growth Triggers.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Currently no data available for Key Red Flags.

Key Dates To Watch

  1. February 4, 2026: Board Meeting to approve Q3 & 9M FY26 Financial Results.

Corporate Announcements

15th Apr 26
Impact Rating: 9
Timken India announced its Board of Directors meeting scheduled for May 14, 2026. Key agenda items include approval of audited financial results for the fiscal year ended March 31, 2026, and consideration of dividend recommendation.
7th Apr 26
Impact Rating: 1
Timken India Limited's Registrar and Share Transfer Agent has issued a confirmation certificate for SEBI regulations regarding dematerialization processes for the quarter ending March 31, 2026, confirming timely actions on share certificates.
6th Apr 26
Impact Rating: 5
Shareholders of Timken India Limited have successfully re-appointed Mr. Soumitra Hazra as Independent Director and Mr. Michael Discenza as Non-Executive Director through a postal ballot, with significant majority votes.
6th Apr 26
Impact Rating: 9
Timken India shareholders overwhelmingly approved the re-appointment of Soumitra Hazra as Independent Director and the appointment of Michael Discenza as Non-Executive Director via postal ballot with high assent percentages.
24th Mar 26
Impact Rating: 9
Timken India Limited has finalized its agreement to acquire 26.1% of the equity shares in Sunstreamgreen Energy C&I Three Private Limited. This acquisition, previously communicated on September 22, 2025, and December 31, 2025, was officially completed on March 23, 2026.