MarketFriction

Timken India Ltd

NSE TIMKEN · BSE 522113 · Abrasives & Bearings
₹3,098.80 -1.19%
NSE close2026-10-01
52 week range2,800.50 - 3,925.00
Market cap₹23,214 Cr.
P/E56.7
Nifty 500Smallcap 250Nifty MNC Price band 20% Delivery 53.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6826128987847536719408097737641,073929
Expenses546510699643620565730666635669838757
Operating Profit13610219914113310721014213896235172
OPM %20%17%22%18%18%16%22%18%18%13%22%19%
Other Income1011111212131410106310
Interest111111111111
Depreciation212122222121212127293031
Profit before tax124911871301249820213012172207150
Tax %25%26%24%26%27%24%7%20%26%31%25%23%
Net Profit93681419690741871048950155115
EPS in Rs12.378.9818.8012.8011.969.8824.8413.8611.896.6320.5815.31
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0421,0561,2331,6641,6181,4112,2032,8072,9103,1483,4193,540
Expenses8808981,0701,3751,2541,1591,6922,2462,3372,5562,8072,898
Operating Profit162158163289363252511560572592612642
OPM %16%15%13%17%22%18%23%20%20%19%18%18%
Other Income31021162320145341502828
Interest111231234443
Depreciation22294379777584878585106116
Profit before tax142138140224306195438524524553530550
Tax %35%30%34%34%20%27%25%25%25%19%25%
Net Profit929792149246143327391392447398409
EPS in Rs13.5014.2913.5319.7632.7219.0443.4951.9552.1359.4852.9654.41
Dividend Payout %7%7%7%5%153%8%3%3%5%61%5%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth13%19%7%12%
Compounded Profit Growth16%23%1%-10%
Stock Price CAGR19%13%0%3%
Return on Equity16%18%16%14%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital686868687575757575757575
Reserves3704625506341,2661,5011,2681,5821,9622,3422,7702,898
Borrowings348162324353231251715
Other Liabilities144168251261411377510505489545564763
Total Liabilities5857028779791,7751,9771,8882,1942,5572,9883,4253,751
Fixed Assets1071372312517957488188608438538091,446
CWIP2721585464157975053104592101
Investments1738915517613099236161117180
Other Assets4355064986197411,0609731,1851,4241,8701,9082,025
Total Assets5857028779791,7751,9771,8882,1942,5572,9883,4253,751
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity421011643924935718933341340387437
Cash from Investing Activity-23-67-126-64-106-110-67-75-45-228-337-402
Cash from Financing Activity-261-5-2-23-17-379-15-15-17-27-279
Net Cash Flow-73634-27119230-257-572819423-243
Free Cash Flow163534-32131237111-472808114140
CFO/OP65%94%129%47%112%121%93%29%88%82%89%94%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days696866666666968975828185
Inventory Days110108111121125124171171125142124136
Days Payable576592979291156100768276105
Cash Conversion Cycle12211085909999112160124142129116
Working Capital Days98917096807486117102111107110
ROCE %30%30%24%21%22%21%13%29%28%23%21%18%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters57.70%57.70%57.70%51.05%51.05%51.05%51.05%51.05%51.05%51.05%51.05%51.05%
FIIs6.71%7.13%7.20%12.53%13.14%12.97%10.68%9.44%7.39%6.94%6.96%7.32%
DIIs19.68%22.57%23.62%25.57%24.80%24.93%26.80%27.68%29.72%30.15%30.63%30.26%
Public15.91%12.59%11.45%10.84%11.02%11.04%11.46%11.82%11.84%11.85%11.35%11.33%
No. of Shareholders73,42970,04062,83866,16269,09371,43876,27077,82776,56674,63771,02369,808

Fundamentals

Market Cap₹ 23,214 Cr.
Current Price₹ 3,086
Stock P/E56.7
Book Value₹ 395
ROCE18.3 %
ROE13.7 %
Dividend Yield0.08 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)12%
Compounded Profit Growth (TTM)-10%
Standalone figures.
Valuation
Market capRs 23,309 Cr
Enterprise valueRs 23,099 Cr
P/E (TTM)56.96x
Price to book7.84x
Price to sales6.59x
EV / EBITDA34.48x
EV / EBIT41.72x
EV / sales6.53x
Price to cash flow53.29x
Earnings yield1.76%
Dividend yield0.08%
P/E, 3-year average54.00x
P/B, 3-year average8.11x
P/E, 5-year average52.86x
P/B, 5-year average8.84x
Profitability
Operating margin (excl. other income)17.89%
Operating margin (incl. other income)18.71%
EBITDA margin18.93%
Pre-tax margin15.55%
Net profit margin11.56%
Net margin, latest quarter12.39%
ROE13.69%
ROCE18.26%
ROA11.10%
ROE, 3-year average16.10%
ROCE, 3-year average20.89%
ROA, 3-year average13.07%
ROE, 5-year average18.25%
ROCE, 5-year average23.89%
ROA, 5-year average14.34%
ROIC (approx.)15.04%
Tax rate24.90%
Other income / net worth0.94%
Growth
Sales growth (latest year)8.63%
Profit growth (latest year)-10.97%
Sales CAGR, 3 years6.80%
Sales CAGR, 5 years19.37%
Profit CAGR, 3 years0.64%
Profit CAGR, 5 years22.71%
Sales growth QoQ-13.42%
Profit growth QoQ-25.62%
Sales growth YoY (latest quarter)14.87%
Profit growth YoY (latest quarter)10.47%
Per share
EPS (TTM)Rs 54.41
EPS (latest year)Rs 52.96
EPS (latest quarter)Rs 15.31
EPS, 3-year averageRs 54.86
EPS, 5-year averageRs 52.00
Book value per shareRs 395.32
Sales per shareRs 470.57
Cash flow per shareRs 58.15
Free cash flow per shareRs 18.61
Dividend per share (latest year)Rs 2.50
Dividend per share, 3-year averageRs 13.67
Dividend per share, 5-year averageRs 8.80
Dividends
Dividend payout4.72%
Dividend payout, 3-year average23.35%
Dividend payout, 5-year average15.28%
Efficiency
Asset turnover0.91x
Fixed asset turnover2.37x
Inventory turnover3.01x
Inventory days121 days
Debtor days85 days
Debtors turnover4.29x
Creditor days105 days
Cash conversion cycle116 days
Working capital days110 days
Leverage
Total debtRs 15 Cr
Cash and bankRs 224 Cr
Net debtRs -210 Cr
Debt to equity0.00x
Net debt / EBITDA-0.31x
Interest coverage167.76x
Current ratio (filing 2026-03-31)2.89x
Quick ratio (filing 2026-03-31)1.76x
Trade payables (filing 2026-03-31)Rs 603 Cr
Owners' fund to total sources79.26%
Debt to assets0.39%
Cash flow
Cash from Operating Activity (latest year)Rs 437 Cr
Cash from Investing Activity (latest year)Rs -402 Cr
Cash from Financing Activity (latest year)Rs -279 Cr
Net Cash Flow (latest year)Rs -243 Cr
Free cash flow (latest year)Rs 140 Cr
FCFE (approx.: FCF + change in debt)Rs 138 Cr
Cash from ops / profit, 5 years0.79x
Sales to cash flow7.82x
Statement figures
Net sales (TTM)Rs 3,540 Cr
Net sales (latest year)Rs 3,419 Cr
Sales (latest quarter)Rs 929 Cr
Operating profit excl. other income (latest year)Rs 612 Cr
Operating profit (latest quarter)Rs 172 Cr
Other income (TTM)Rs 28 Cr
EBITDA (TTM)Rs 670 Cr
PBDT (TTM)Rs 667 Cr
Profit before tax (TTM)Rs 550 Cr
Tax (latest year)Rs 132 Cr
Net profit (TTM)Rs 409 Cr
Net profit (latest year)Rs 398 Cr
Net profit (latest quarter)Rs 115 Cr
Depreciation (TTM)Rs 116 Cr
Depreciation (latest quarter)Rs 31 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 2,344 Cr
Total expenditure (latest year)Rs 2,807 Cr
Total income (latest year)Rs 3,447 Cr
Share capitalRs 75 Cr
ReservesRs 2,898 Cr
Shareholders' fundsRs 2,974 Cr
Total assetsRs 3,751 Cr
Net blockRs 1,446 Cr
Capital work in progressRs 101 Cr
InvestmentsRs 180 Cr
ReceivablesRs 798 Cr
InventoryRs 778 Cr
Other liabilitiesRs 763 Cr
Shares outstanding (crore)7.52
Ownership
Promoter holding51.05% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 57.0 is at the 51th percentile of its own 9.4-year range (median 56.6, low 29.0, high 119.8).
P/B 7.84 is at the 35th percentile (median 8.76).
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.
PeriodTIMKENNifty 50Difference
1 week-4.9%-2.8% -2.1 pts
1 month-3.5%-6.8% +3.3 pts
3 months-8.9%-7.6% -1.3 pts
6 months-3.9%+0.4% -4.3 pts
1 year+2.2%-9.9% +12.1 pts
2 years-18.0%-13.6% -4.4 pts
3 years+0.1%+14.2% -14.1 pts
5 years+84.3%+27.9% +56.4 pts
120 mutual fund schemes hold about ₹6,543 Cr. Over three months 20 bought more and 41 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Mid Cap Fund0.57%616 -18%
HDFC Small Cap Fund1.31%549 -4%
Nippon India Small Cap Fund0.53%435 -6%
Invesco India Smallcap Fund1.78%280 +88%
Nippon India Multi Cap Fund0.43%241 -4%
Nippon India Growth Mid Cap Fund0.39%204 -7%
HDFC Multi Cap Fund0.95%195 -3%
Axis Small Cap Fund0.62%195 -7%
Franklin India Mid Cap Fund1.45%190 +2%
SBI Large & Midcap Fund0.42%176 -4%
ICICI Pru Small Cap Fund1.78%175 -5%
ICICI Pru Small Cap Fund1.78%170 -5%
Invesco India Contra Fund0.80%166 +5%
Mirae Asset ELSS Tax Saver Fund0.61%161 -2%
Franklin India Multi Cap Fund2.85%150 +34%
Mirae Asset Large Cap Fund0.34%133 -0%
UTI Mid Cap Fund1.01%129 -3%
HDFC Large & Mid Cap Fund0.42%127 -4%
SBI Contra Fund0.24%114 -1%
Invesco India Large & Mid Cap Fund0.93%109 -11%
Nippon India ELSS Tax Saver Fund0.74%109 +0%
PGIM India Midcap Fund0.94%105 -3%
SBI Automotive Opportunities Fund1.74%100 -16%
SBI Dividend Yield Fund1.10%94 -2%
HDFC Manufacturing Fund0.88%93 -5%

Red flags

F-score 5 of 8
lookRegulator order or action Regulator order or action 2026-06-22: Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we
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 2026
Sales ₹929 Cr +14.8% vs Jun 2025. Net profit ₹115 Cr +10.6%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-31Dividend - Rs 2.50 Per Share
2025-07-25Dividend - Rs 36 Per Share
2024-07-26Dividend - Rs 2.50 Per Share
2023-08-04Dividend - Rs 1.50 Per Share
2022-08-11Dividend - Rs 1.50 Per Share
2021-07-29 Annual General Meeting/Dividend - Rs 1.50 Per Share
2020-07-23 Annual General Meeting/Dividend - Rs 50 Per Share
2019-08-02 Annual General Meeting/Dividend - Re 1 Per Share
2018-08-02 Annual General Meeting/Dividend- Re 1 Per Share
2017-08-01 Annual General Meeting/Dividend - Re 1 Per Share
2016-08-02 Annual General Meeting/ Dividend - Re 1/- Per Share
2015-08-03Annual General Meeting
2014-11-20Interim Dividend - Rs 3/- Per Share
2014-08-04Annual General Meeting
2013-11-20Interim Dividend Rs.6.50 Per Share
2013-07-23Annual General Meeting And Dividend Rs.2/- Per Share
2012-07-10Annual General Meeting
2011-11-21Interim Dividend Rs.20/- Per Share
2011-04-07Annual General Meeting
2010-04-19Annual General Meeting
2009-04-15Annual General Meeting Bc Start Date Revised
2008-04-09Annual General Meeting
2007-04-11Agm
DateTypeWhat it says
2026-08-19Shareholder meetingPursuant to Regulation 44 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other appl...
2026-08-18Shareholder meetingIn terms of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose he...
2026-08-10Concall / analyst meetPursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we attach...
2026-08-05Concall / analyst meetLink of Audio Recording
2026-08-04Change in ManagementChange in Management
2026-08-04Board meeting outcomeTimken India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-30Concall / analyst meetPursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write ...
2026-07-24UpdatesIn furtherance to our earlier communication dated 18 May, 2026 regarding Amalgamation ofTimken GGB Technology Private Limited (a wholly owned subsidia...
2026-07-21Shareholder meetingNotice of Annual General Meeting to be held on August 18, 2026
2026-07-13UpdatesPlease find attached press release regarding BIS Licenses obtained by Timken India Limited. This is for your information and record.
2026-07-07UpdatesCommunication To Members In Respect Of Deduction Of Tax At Source On Dividend. Please see attachment for more details.
2026-07-02Record DatePlease note that 39th Annual General Meeting of the Company will be held on Tuesday, 18 August, 2026 through Video Conferencing/Other Audio-Visual Mea...
2026-06-22Regulatory actionPursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inf...
2026-05-30General UpdatesPursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write to inform you about civil suit filed b...
2026-05-22Concall / analyst meetPursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we attach...
2026-05-19Concall / analyst meetUpdate regarding Post Results Conference Call Q4 FY 2025-26Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations an...
2026-05-18Amalgamation/MergerAmalgamation/Merger
2026-05-18Change in ManagementChange in Management
2026-05-18DividendBoard of Directors at its meeting held on May 18, 2026, recommended Final Dividend of Rs. 2.5 per equity share.
2026-05-18Board meeting outcomePursuant to Regulations 30 and 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wr...
2026-05-13UpdatesWe are in receipt of communication stating that CB Management Services Private Limited (Registrar and Transfer Agent) has amalgamated with MUFG Intim...
2026-05-12Concall / analyst meetPlease refer to our earlier communication regarding Post Results Conference Call Q4 FY 2025-26. In our earlier communication, participant registration...
2026-05-08Concall / analyst meetPursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write ...
2026-04-24ResignationResignation of Director/KMP/SMP
2026-04-21Change in ManagementChange in Management
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.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Timken India Ltd?

Timken India Ltd (TIMKEN) has a market capitalisation of Rs 23,214 Cr. at the 2026-10-01 close.

What is the P/E ratio of Timken India Ltd?

Timken India Ltd trades at a P/E of 56.7 on trailing twelve-month profit, at the 2026-10-01 close.

What were Timken India Ltd's latest quarterly results?

In the Jun 2026 quarter, Timken India Ltd sales was Rs 929 Cr (+14.8% vs Jun 2025) and net profit was Rs 115 Cr.

What is the 52-week high and low of Timken India Ltd?

The 52-week high is Rs 3,925.00 and the 52-week low is Rs 2,800.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03