Price
Financials
Standalone, Rs crore| 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 | 126 | 94 | 92 | 109 | 174 | 120 | 135 | 169 | 244 | 151 | 235 | 219 |
| Expenses | 110 | 95 | 82 | 104 | 149 | 116 | 121 | 147 | 201 | 141 | 195 | 184 |
| Operating Profit | 16 | -1 | 10 | 4 | 25 | 4 | 14 | 22 | 43 | 10 | 40 | 35 |
| OPM % | 13% | -0.8% | 11% | 3.9% | 14% | 3.5% | 11% | 13% | 17% | 6% | 17% | 16% |
| Other Income | 1 | 0 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | -2 | -1 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 15 | -2 | 9 | 3 | 24 | 3 | 13 | 20 | 41 | 5 | 37 | 34 |
| Tax % | 25% | -25% | 25% | 25% | 25% | 26% | 29% | 26% | 26% | 33% | 25% | 26% |
| Net Profit | 11 | -1 | 7 | 2 | 18 | 2 | 9 | 15 | 30 | 3 | 27 | 25 |
| EPS in Rs | 1.09 | -0.15 | 0.70 | 0.24 | 1.76 | 0.19 | 0.92 | 1.45 | 2.99 | 0.32 | 2.71 | 2.48 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 173 | 200 | 207 | 242 | 252 | 141 | 264 | 383 | 419 | 538 | 799 | 849 |
| Expenses | 176 | 199 | 197 | 230 | 248 | 144 | 256 | 345 | 386 | 490 | 684 | 721 |
| Operating Profit | -3 | 2 | 11 | 11 | 4 | -4 | 8 | 38 | 32 | 48 | 114 | 128 |
| OPM % | -1.6% | 0.8% | 5% | 4.7% | 1.4% | -2.5% | 3.1% | 10% | 8% | 9% | 14% | 15% |
| Other Income | -0 | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 3 | 2 | -3 | -3 |
| Interest | 4 | 3 | 2 | 2 | 3 | 2 | 2 | 5 | 4 | 4 | 6 | 5 |
| Depreciation | 3 | 2 | 2 | 2 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 4 |
| Profit before tax | -9 | -3 | 8 | 8 | -2 | -8 | 3 | 30 | 28 | 43 | 102 | 116 |
| Tax % | 0% | 0% | 0% | 11% | 0% | -1% | 0% | -57% | 25% | 27% | 26% | |
| Net Profit | -9 | -3 | 8 | 7 | -2 | -8 | 3 | 47 | 21 | 31 | 75 | 86 |
| EPS in Rs | -0.92 | -0.32 | 0.74 | 0.74 | -0.18 | -0.79 | 0.32 | 4.61 | 2.06 | 3.11 | 7.47 | 8.50 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 17% | 41% | 28% | 42% | ||
| Compounded Profit Growth | 27% | 64% | 19% | 104% | ||
| Stock Price CAGR | 31% | 71% | 68% | 105% | ||
| Return on Equity | % | % | % | 158% |
| 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 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | -65 | -75 | -2 | -71 | -64 | -66 | -74 | -71 | -24 | -3 | 15 | 65 |
| Borrowings | 69 | 76 | 25 | 104 | 103 | 109 | 91 | 111 | 110 | 86 | 101 | 71 |
| Other Liabilities | 104 | 118 | 64 | 78 | 73 | 89 | 78 | 80 | 98 | 108 | 126 | 191 |
| Total Liabilities | 117 | 129 | 97 | 121 | 122 | 143 | 106 | 130 | 194 | 201 | 252 | 338 |
| Fixed Assets | 11 | 12 | 8 | 7 | 8 | 23 | 20 | 17 | 17 | 15 | 12 | 11 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 106 | 117 | 88 | 114 | 113 | 120 | 86 | 113 | 178 | 186 | 240 | 326 |
| Total Assets | 117 | 129 | 97 | 121 | 122 | 143 | 106 | 130 | 194 | 201 | 252 | 338 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -8 | -1 | -23 | -1 | 6 | 10 | 22 | -18 | 10 | 32 | -3 | 91 |
| Cash from Investing Activity | -1 | -2 | -1 | -0 | -4 | -1 | -0 | -1 | -1 | -1 | -0 | -1 |
| Cash from Financing Activity | 8 | 3 | 24 | 0 | -3 | -10 | -21 | 18 | -8 | -28 | -0 | -56 |
| Net Cash Flow | -1 | -0 | -0 | -1 | -1 | -2 | 1 | -1 | 1 | 3 | -4 | 34 |
| Free Cash Flow | -9 | -4 | -24 | -1 | 2 | 8 | 22 | -19 | 8 | 31 | -4 | 89 |
| CFO/OP | 101% | 50% | -1,484% | -7% | 56% | 264% | -618% | -217% | 26% | 101% | 10% | 104% |
| 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 | 176 | 150 | 75 | 104 | 81 | 91 | 98 | 67 | 50 | 45 | 37 | 27 |
| Inventory Days | 124 | 134 | 120 | 149 | 132 | 111 | 155 | 132 | 161 | 159 | 178 | 158 |
| Days Payable | 358 | 328 | 166 | 220 | 154 | 172 | 269 | 138 | 111 | 104 | 86 | 97 |
| Cash Conversion Cycle | -58 | -44 | 29 | 33 | 59 | 30 | -15 | 61 | 100 | 100 | 129 | 88 |
| Working Capital Days | -78 | -83 | -7 | 12 | 21 | 22 | 24 | 22 | 47 | 66 | 74 | 49 |
| ROCE % | -72% | -45% | -2% | 25% | 22% | 2% | -14% | 14% | 48% | 33% | 43% | 83% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 74.93% | 74.93% | 74.93% | 74.93% | 74.93% | 74.93% | 74.93% | 59.93% | 59.93% | 51.00% | 51.00% | 51.00% |
| FIIs | 0.37% | 0.77% | 0.77% | 0.47% | 0.22% | 0.10% | 0.11% | 1.10% | 1.61% | 2.02% | 1.32% | 2.50% |
| DIIs | 0.01% | 0.01% | 0.15% | 0.16% | 0.01% | 0.01% | 0.01% | 0.15% | 0.48% | 0.49% | 0.51% | 1.37% |
| Public | 24.70% | 24.29% | 24.16% | 24.44% | 24.84% | 24.96% | 24.95% | 38.82% | 37.98% | 46.49% | 47.17% | 45.11% |
| No. of Shareholders | 42,859 | 42,524 | 42,645 | 43,407 | 43,402 | 45,011 | 44,398 | 47,812 | 50,288 | 60,965 | 59,586 | 63,477 |
Fundamentals
Market Cap₹ 7,360 Cr.
Current Price₹ 729
Stock P/E82.5
Book Value₹ 7.47
ROCE82.8 %
ROE158 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)42%
Compounded Profit Growth (TTM)104%
Standalone figures.
Valuation
Market capRs 7,364 Cr
Enterprise valueRs 7,402 Cr
P/E (TTM)85.84x
Price to book97.68x
Price to sales8.68x
EV / EBITDA59.38x
EV / EBIT61.09x
EV / sales8.72x
Price to cash flow80.94x
Earnings yield1.16%
P/E, 3-year average49.61x
P/B, 3-year average99.40x
P/E, 5-year average76.78x
P/B, 5-year average39.92x
Profitability
Operating margin (excl. other income)14.31%
Operating margin (incl. other income)13.89%
EBITDA margin14.69%
Pre-tax margin13.65%
Net profit margin10.11%
Net margin, latest quarter11.43%
ROE149.98%
ROCE78.93%
ROA25.58%
ROE, 3-year average-78.34%
ROCE, 3-year average51.61%
ROA, 3-year average16.66%
ROE, 5-year average-73.02%
ROCE, 5-year average43.35%
ROA, 5-year average16.27%
ROIC (approx.)79.47%
Tax rate26.00%
Other income / net worth-4.38%
Growth
Sales growth (latest year)48.41%
Profit growth (latest year)140.10%
Sales CAGR, 3 years27.70%
Sales CAGR, 5 years41.48%
Profit CAGR, 3 years17.49%
Sales growth QoQ-6.93%
Profit growth QoQ-8.49%
Sales growth YoY (latest quarter)29.57%
Profit growth YoY (latest quarter)70.55%
Per share
EPS (TTM)Rs 8.50
EPS (latest year)Rs 7.47
EPS (latest quarter)Rs 2.48
EPS, 3-year averageRs 4.22
EPS, 5-year averageRs 3.52
Book value per shareRs 7.47
Sales per shareRs 84.06
Cash flow per shareRs 9.01
Free cash flow per shareRs 8.82
Efficiency
Asset turnover2.36x
Fixed asset turnover70.42x
Inventory turnover2.53x
Inventory days144 days
Debtor days27 days
Debtors turnover13.73x
Creditor days97 days
Cash conversion cycle88 days
Working capital days49 days
Leverage
Total debtRs 71 Cr
Cash and bankRs 34 Cr
Net debtRs 37 Cr
Debt to equity0.95x
Net debt / EBITDA0.30x
Interest coverage22.82x
Owners' fund to total sources22.32%
Debt to assets21.14%
Cash flow
Cash from Operating Activity (latest year)Rs 91 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs -56 Cr
Net Cash Flow (latest year)Rs 34 Cr
Free cash flow (latest year)Rs 89 Cr
FCFE (approx.: FCF + change in debt)Rs 60 Cr
Cash from ops / profit, 5 years0.63x
Sales to cash flow8.78x
Statement figures
Net sales (TTM)Rs 849 Cr
Net sales (latest year)Rs 799 Cr
Sales (latest quarter)Rs 219 Cr
Operating profit excl. other income (latest year)Rs 114 Cr
Operating profit (latest quarter)Rs 35 Cr
Other income (TTM)Rs -3 Cr
EBITDA (TTM)Rs 125 Cr
PBDT (TTM)Rs 119 Cr
Profit before tax (TTM)Rs 116 Cr
Tax (latest year)Rs 26 Cr
Net profit (TTM)Rs 86 Cr
Net profit (latest year)Rs 75 Cr
Net profit (latest quarter)Rs 25 Cr
Depreciation (TTM)Rs 4 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 499 Cr
Total expenditure (latest year)Rs 684 Cr
Total income (latest year)Rs 795 Cr
Share capitalRs 10 Cr
ReservesRs 65 Cr
Shareholders' fundsRs 75 Cr
Total assetsRs 338 Cr
Net blockRs 11 Cr
Capital work in progressRs 0 Cr
ReceivablesRs 58 Cr
InventoryRs 197 Cr
Other liabilitiesRs 191 Cr
Shares outstanding (crore)10.10
Ownership
Promoter holding51.00% (-8.93 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 85.8 is at the 83th percentile of its own 5.9-year range
(median 63.2, low 22.8, high 379.5).
P/B 97.68 is at the 62th percentile (median 84.89).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | TIMEX | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +2.6% | -2.8% | +5.4 pts |
| 1 month | +12.7% | -6.8% | +19.5 pts |
| 3 months | +39.1% | -7.6% | +46.7 pts |
| 3 years | +377.9% | +14.2% | +363.7 pts |
| 5 years | +1366.3% | +27.9% | +1338.4 pts |
4 mutual fund schemes hold about ₹14 Cr.
Over three months 1 bought more and 3 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| WOC Special Opp Fund | 0.42% | 8 | +100% |
| WOC Consumption Opportunities Fund | 3.20% | 4 | -17% |
| WOC Aggressive Hybrid Fund | 0.28% | 2 | -38% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | -10% |
Red flags
F-score 8 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹219 Cr +29.6% vs Jun 2025.
Net profit ₹25 Cr +66.7%.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 100perc in previous 365 daysClose to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 months
Quick answers
What is the market cap of Timex Group India Ltd?
Timex Group India Ltd (TIMEX) has a market capitalisation of Rs 7,360 Cr. at the 2026-10-01 close.
What is the P/E ratio of Timex Group India Ltd?
Timex Group India Ltd trades at a P/E of 82.5 on trailing twelve-month profit, at the 2026-10-01 close.
What were Timex Group India Ltd's latest quarterly results?
In the Jun 2026 quarter, Timex Group India Ltd sales was Rs 219 Cr (+29.6% vs Jun 2025) and net profit was Rs 25 Cr.
What is the 52-week high and low of Timex Group India Ltd?
The 52-week high is Rs 748.00 and the 52-week low is Rs 312.00.