NSEI:TIMKEN

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Executive Summary

Timken India Limited manufactures and distributes tapered roller bearings, components, and accessories for the automotive sector and railway industry in India and internationally.


Snowflake Analysis

Excellent balance sheet with proven track record.

Share Price & News

How has Timken India's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TIMKEN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-6.8%

TIMKEN

5.3%

IN Machinery

1.2%

IN Market


1 Year Return

36.4%

TIMKEN

0.5%

IN Machinery

4.3%

IN Market

Return vs Industry: TIMKEN exceeded the Indian Machinery industry which returned 0.5% over the past year.

Return vs Market: TIMKEN exceeded the Indian Market which returned 4.3% over the past year.


Shareholder returns

TIMKENIndustryMarket
7 Day-6.8%5.3%1.2%
30 Day-7.9%7.9%7.1%
90 Day19.2%21.8%23.6%
1 Year43.4%36.4%2.1%0.5%6.3%4.3%
3 Year41.5%34.2%-18.7%-22.2%4.2%-0.7%
5 Year72.5%63.1%-2.9%-9.0%34.4%24.4%

Price Volatility Vs. Market

How volatile is Timken India's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Timken India undervalued compared to its fair value and its price relative to the market?

36.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TIMKEN (₹956.15) is trading above our estimate of fair value (₹411.87)

Significantly Below Fair Value: TIMKEN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TIMKEN is poor value based on its PE Ratio (36.2x) compared to the IN Machinery industry average (14.7x).

PE vs Market: TIMKEN is poor value based on its PE Ratio (36.2x) compared to the Indian market (14.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TIMKEN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TIMKEN is overvalued based on its PB Ratio (4.6x) compared to the IN Machinery industry average (1x).


Next Steps

Future Growth

How is Timken India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.2%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Timken India has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Timken India performed over the past 5 years?

22.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TIMKEN has high quality earnings.

Growing Profit Margin: TIMKEN's current net profit margins (14.8%) are higher than last year (10%).


Past Earnings Growth Analysis

Earnings Trend: TIMKEN's earnings have grown significantly by 22.5% per year over the past 5 years.

Accelerating Growth: TIMKEN's earnings growth over the past year (17.7%) is below its 5-year average (22.5% per year).

Earnings vs Industry: TIMKEN earnings growth over the past year (17.7%) exceeded the Machinery industry -12.5%.


Return on Equity

High ROE: TIMKEN's Return on Equity (12.6%) is considered low.


Next Steps

Financial Health

How is Timken India's financial position?


Financial Position Analysis

Short Term Liabilities: TIMKEN's short term assets (₹10.4B) exceed its short term liabilities (₹2.9B).

Long Term Liabilities: TIMKEN's short term assets (₹10.4B) exceed its long term liabilities (₹1.2B).


Debt to Equity History and Analysis

Debt Level: TIMKEN's debt to equity ratio (1.3%) is considered satisfactory.

Reducing Debt: TIMKEN's debt to equity ratio has increased from 0.6% to 1.3% over the past 5 years.

Debt Coverage: TIMKEN's debt is well covered by operating cash flow (1788.3%).

Interest Coverage: TIMKEN earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Timken India current dividend yield, its reliability and sustainability?

5.22%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TIMKEN's dividend (5.22%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: TIMKEN's dividend (5.22%) is in the top 25% of dividend payers in the Indian market (2.51%)


Stability and Growth of Payments

Stable Dividend: TIMKEN has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: TIMKEN's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (189.1%), TIMKEN's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.9yrs

Average management tenure


CEO

Sanjay Koul (55 yo)

7.83yrs

Tenure

₹31,880,874

Compensation

Mr. Sanjay Koul has been the Managing Director of Timken India Limited since October 26, 2012 and Chairman of the Board since August 19, 2014 and serves as Chief Executive Officer. Mr. Koul is responsible ...


CEO Compensation Analysis

Compensation vs Market: Sanjay's total compensation ($USD425.81K) is about average for companies of similar size in the Indian market ($USD378.62K).

Compensation vs Earnings: Sanjay's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Sanjay Koul
Chairman7.83yrs₹31.88mno data
Avishrant Keshava
Business Controller of India4.92yrs₹8.25mno data
Mandar Vasmatkar
Company Secretary & Chief of Compliance0.83yr₹2.84mno data
Regina Vasudevan
Head of Communicationsno datano datano data
S. Sivaramakrishnan
General Manager of Marketingno datano datano data
Kumar Sudesh
Managing Director of Middle Eastno data₹7.15mno data

4.9yrs

Average Tenure

53yo

Average Age

Experienced Management: TIMKEN's management team is considered experienced (4.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sanjay Koul
Chairman7.83yrs₹31.88mno data
Avishrant Keshava
Business Controller of India4.92yrs₹8.25mno data
Priya Dasgupta
Non Executive Independent Director14.58yrs₹310.00kno data
Bushen Raina
Additional Independent Director2.5yrs₹490.00k0.00020%
₹ 144.0k
Douglas Smith
Additional Director0.50yrno datano data
N. Rama
Additional & Independent Director0.83yr₹270.00kno data

3.7yrs

Average Tenure

60yo

Average Age

Experienced Board: TIMKEN's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Timken India Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Timken India Limited
  • Ticker: TIMKEN
  • Exchange: NSEI
  • Founded: 1987
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: ₹71.984b
  • Shares outstanding: 75.22m
  • Website: https://www.timken.com/en-in

Number of Employees


Location

  • Timken India Limited
  • 39-42, Electronic City
  • Phase II
  • Bengaluru
  • Karnataka
  • 560100
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
522113BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 2000
TIMKENNSEI (National Stock Exchange of India)YesEquity SharesININRMay 2000

Biography

Timken India Limited manufactures and distributes tapered roller bearings, components, and accessories for the automotive sector and railway industry in India and internationally. The company offers cylind ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 19:15
End of Day Share Price2020/08/14 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.