| Sector |
Consumer Durables
|
Compare with Sector peers |
| Industry |
Watches & Accessories
|
Compare with Industry peers |
| Website | http://www.timexindia.com | |
| Market Cap | 701.10 Cr. | |
| Enterprise Value(EV) | 711.08 Cr. | 2021-09 |
| Financial Indicators | ||
|---|---|---|
| Earnings per share (EPS) | 0.49 | Trailing Twelve Months Ending 2021-12 |
| Price-Earning Ratio (PE) | 141.64 | Trailing Twelve Months Ending 2021-12 |
| Industry PE | 52.15 | Trailing Twelve Months Ending 2021-12 |
| Book Value / Share | 1.34 | Trailing Twelve Months Ending 2021-12 |
| Price to Book Value | 51.99 | Calculated using Price: 69.45 |
| Dividend Yield | 0.00 | Period Ending 2021-03 |
| No. of Shares Subscribed | 10.10 Cr. | 100,950,000 Shares |
| FaceValue | 1 | |
| Company Profile | ||
|
The Timex Group India was incorporated in 1988 as a joint venture between Timex Corporation USA and Titan Watches (a Tata company) to manufacture watches. Timex Group designs manufactures and markets innovative timepieces and jewelry globally. Timex, founded in 1854, has expanded to become Timex Group, with numerous brands and over 5,000 employees worldwide. For over 150 years, Timex has been providing innovative, well-designed and reliable timepieces with hundreds of styles among its Fashion, Sports and Outdoor lines and has sold more than one-billion watches. One of the largest watch makers in the world, the Timex Group companies market global brands including Timex, Versace, Valentino, Salvatore Ferragamo, Guess, GC, Vincent Berard, Versus, TX, Marc Ecko, Nautica and Opex. Timex Group is privately held. Timex Group’s businesses and exclusive worldwide licenses include Timex Business Unit (Timex, Timex Ironman, Opex); Timex Group Luxury Watches (Valentino Timeless, Salvatore Ferragamo Timepieces); Sequel (Guess, Gc); Vertime (Versace, Versus); Vincent Bérard; and Callanen International (TX, Nautica, Marc Ecko).Timex Group’s vast supply chain network produces and distributes quality timepieces and jewelry through multiple locations across the globe. An extensive network and close partnership with leading logistics service providers allow us to support the global requirements of our brands and customers. The wide-ranging capabilities of Timex Group’s manufacturing and distribution are underpinned by years of experience in producing mechanical timepieces combined with the latest innovations in performance and electronics technology. In-house manufacturing includes precision watch parts and movements, assembly and distribution. Timely fulfillment of all production is ensured through extensive planning and scheduling systems augmented with the latest in process and quality controls. Timex Group built its reputation as the pioneer in timekeeping and jewelry by harnessing the power and possibility of time. From the first clock and wristwatch we produced through data integration - from classic, time-honored designs through exclusive, luxury collector's pieces -- Timex Group continues to deliver unparalleled quality to a highly diverse and global customer. Milan to Hong Kong, design sensibility and creativity inspire multiple lifestyle brands. From the hallmark everyday watches on which we built our reputation, to the exclusive, high-end offerings in our portfolio today, we are equipped to meet the needs of our brand partners. Designer Giorgio Galli and his Milan-based company have built an international presence and outstanding reputation as a leader in the field of modern timekeeping and jewelry design. The Giorgio Galli Design Lab has been creating elaborate watches for Timex Group for over a decade. In July 2007, Timex Group purchased the Giorgio Galli Design Lab. Timex established it’s state-of-the-art precision Tool room and Injection molding facility in 1992 for manufacturing of precision plastics parts to support the watch business. The Toolroom and Injection moulding facility was commercialized in the year 1998 and has been renamed as Timex Group Precision Engineering Limited . By leveraging 15 years of experience, the Precision Engineering Division of Timex has established itself as one of the leading commercial Toolrooms in the country. In 2006 Timex Brand Ambassador Brett Lee unveiled the 'new look' Timex. Timex Group's unwavering commitment to corporate social responsibility is an integral part of our core values. Its CSR stated mission is to identify, track and address responsibly the social, environmental and economic impact of our business globally. Product range of the company includes :
|
||
Company Profile
The Timex Group India was incorporated in 1988 as a joint venture between Timex Corporation USA and Titan Watches (a Tata company) to manufacture watches.
Timex Group designs manufactures and markets innovative timepieces and jewelry globally. Timex, founded in 1854, has expanded to become Timex Group, with numerous brands and over 5,000 employees worldwide. For over 150 years, Timex has been providing innovative, well-designed and reliable timepieces with hundreds of styles among its Fashion, Sports and Outdoor lines and has sold more than one-billion watches.
One of the largest watch makers in the world, the Timex Group companies market global brands including Timex, Versace, Valentino, Salvatore Ferragamo, Guess, GC, Vincent Berard, Versus, TX, Marc Ecko, Nautica and Opex. Timex Group is privately held.
Timex Group’s businesses and exclusive worldwide licenses include Timex Business Unit (Timex, Timex Ironman, Opex); Timex Group Luxury Watches (Valentino Timeless, Salvatore Ferragamo Timepieces); Sequel (Guess, Gc); Vertime (Versace, Versus); Vincent Bérard; and Callanen International (TX, Nautica, Marc Ecko).Timex Group’s vast supply chain network produces and distributes quality timepieces and jewelry through multiple locations across the globe. An extensive network and close partnership with leading logistics service providers allow us to support the global requirements of our brands and customers.
The wide-ranging capabilities of Timex Group’s manufacturing and distribution are underpinned by years of experience in producing mechanical timepieces combined with the latest innovations in performance and electronics technology. In-house manufacturing includes precision watch parts and movements, assembly and distribution. Timely fulfillment of all production is ensured through extensive planning and scheduling systems augmented with the latest in process and quality controls.
Timex Group built its reputation as the pioneer in timekeeping and jewelry by harnessing the power and possibility of time. From the first clock and wristwatch we produced through data integration - from classic, time-honored designs through exclusive, luxury collector's pieces -- Timex Group continues to deliver unparalleled quality to a highly diverse and global customer.
Milan to Hong Kong, design sensibility and creativity inspire multiple lifestyle brands. From the hallmark everyday watches on which we built our reputation, to the exclusive, high-end offerings in our portfolio today, we are equipped to meet the needs of our brand partners.
Designer Giorgio Galli and his Milan-based company have built an international presence and outstanding reputation as a leader in the field of modern timekeeping and jewelry design. The Giorgio Galli Design Lab has been creating elaborate watches for Timex Group for over a decade. In July 2007, Timex Group purchased the Giorgio Galli Design Lab.
Timex established it’s state-of-the-art precision Tool room and Injection molding facility in 1992 for manufacturing of precision plastics parts to support the watch business. The Toolroom and Injection moulding facility was commercialized in the year 1998 and has been renamed as Timex Group Precision Engineering Limited .
By leveraging 15 years of experience, the Precision Engineering Division of Timex has established itself as one of the leading commercial Toolrooms in the country.
In 2006 Timex Brand Ambassador Brett Lee unveiled the 'new look' Timex.
Timex Group's unwavering commitment to corporate social responsibility is an integral part of our core values. Its CSR stated mission is to identify, track and address responsibly the social, environmental and economic impact of our business globally.
Product range of the company includes :
| 1 Day |
|
+5.87% |
| 1 Week |
|
+25.14% |
| 1 Month |
|
+0.29% |
| 3 Month |
|
+3.04% |
| 6 Month |
|
-7.21% |
| 1 Year |
|
+110.77% |
| 2 Year |
|
+244.67% |
| 5 Year |
|
+55.20% |
| 10 Year |
|
+205.95% |
| 9 years | 2013-03 | 2014-03 | 2015-03 | 2016-03 | 2017-03 | 2018-03 | 2019-03 | 2020-03 | 2021-03 | |
| Return on Equity (%) | -405.41 | |||||||||
| Return on Capital Employed (%) | -67.13 | -114.77 | -59.53 | -45.64 | -1.77 | 25.27 | 21.48 | 2.32 | -20.79 | |
| Return on Assets (%) | -26.42 | -24.46 | -8.63 | -7.10 | -2.82 | 6.90 | 6.14 | -1.36 | -6.45 |
| Particulars | 10 years | 2013-03 Rs. Cr. | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. | 2021-09* Rs. Cr. |
| Shh. Funds | 30 | -3 | -14 | -23 | 8 | 15 | 22 | 21 | 13 | 19 | |
| Non Curr. Liab. | 9 | 9 | 10 | 10 | 5 | 6 | 7 | 19 | 19 | 19 | |
| Curr. Liab. | 101 | 123 | 130 | 149 | 84 | 100 | 93 | 103 | 75 | 83 | |
| Minority Int. | |||||||||||
| Equity & Liab. | 141 | 129 | 126 | 135 | 97 | 121 | 122 | 143 | 106 | 120 | |
| Non Curr. Assets | 26 | 25 | 22 | 22 | 13 | 11 | 13 | 24 | 21 | 20 | |
| Curr. Assets | 114 | 104 | 104 | 113 | 84 | 110 | 109 | 119 | 85 | 101 | |
| Misc. Exp. not W/O | |||||||||||
| Total Assets | 141 | 129 | 126 | 135 | 97 | 121 | 122 | 143 | 106 | 120 |
| Particulars | 10 years | 2013-03 Rs. Cr. | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. | 2021-12 Rs. Cr. TTM |
| Net Sales | 121 | 124 | 142 | 173 | 200 | 207 | 242 | 252 | 141 | 236 | |
| Other Income | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | |
| Total Income | 122 | 124 | 142 | 173 | 200 | 208 | 242 | 252 | 142 | 237 | |
| Total Expenditure | -160 | -153 | -150 | -176 | -199 | -197 | -230 | -248 | -144 | -227 | |
| PBIDT | -39 | -29 | -8 | -3 | 2 | 11 | 12 | 4 | -2 | 10 | |
| Interest | -1 | -1 | -3 | -4 | -3 | -2 | -2 | -3 | -2 | -2 | |
| Depreciation | -2 | -2 | -2 | -3 | -2 | -2 | -2 | -3 | -4 | -4 | |
| Taxation | -1 | 0 | 0 | ||||||||
| Exceptional Items | 2 | ||||||||||
| PAT | -42 | -33 | -11 | -9 | -3 | 8 | 7 | -2 | -8 | 5 | |
| Adjusted EPS | -4 | -3 | -1 | -1 | 0 | 1 | 1 | 0 | -1 | 0 |
| Particulars | 10 years | 2012-03 Rs. Cr. | 2013-03 Rs. Cr. | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. |
| Cash Fr. Operatn. | -11 | 7 | -5 | -8 | -1 | -23 | -1 | 6 | 10 | 22 | |
| Cash Fr. Inv. | -3 | -2 | -1 | -1 | -2 | -1 | 0 | -4 | -1 | 0 | |
| Cash Fr. Finan. | 4 | -3 | 6 | 8 | 3 | 24 | 0 | -3 | -10 | -21 | |
| Net Change | -9 | 2 | 0 | -1 | 0 | 0 | -1 | -1 | -2 | 1 | |
| Cash & Cash Eqvt | 3 | 6 | 5 | 4 | 4 | 4 | 3 | 2 | 0 | 1 |
|
Fri, 20 May 2022
Update on board meeting TIMEX GROUP INDIA LTD.-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2022 inter alia to consider and approve Update on board meeting-Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we wish to inform you that the Board of Directors of the Company will at its meeting scheduled to be held on Thursday May 26 2022 consider inter-alia issuance of Non-Cumulative Redeemable Non-Convertible Preference Shares on private placement basis for an amount upto Rs. 2.5 Crore for the purpose of redemption of existing Non-Cumulative Redeemable Non-Convertible Preference shares of the same amount. Please take the same on record and acknowledge. |
|
Wed, 04 May 2022
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot Further to our letter dated.2-5-22 for conducting Postal Ballot by the Company for seeking the shareholders approval for Appointment of Mr. Deepak Chhabra ( DIN 01879706) as a Director & MDctor of the Company we wish to inform you that the Co. has completed the electronic transmission of the PB Notice on 3-5-22 to the sh-holders whose names appear in the Cos ROM/ List of Beneficial Owners as on the Cut-off date i.e.29-4-22.The Calendar of Events for the PB process is attached herewith as Annexure I for your reference.In this regard the Co. has published the Advertisement in Newspapers- Business Standard (Delhi Edition) in English and Hindi and Business Standard (Mumbai Edition) in English regarding completion of dispatch of PB Notice. Pls find attached Newspapers cuttings as Annexure II. The other detail regarding evoting are in the attached letter for your reference.You are requested to take the above information on your records and disseminate the same on your website. |
|
Mon, 02 May 2022
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we enclose herewith the Postal Ballot Notice which is being sent to the shareholders of the Company through email whose names appear in the Register of Members/ List of Beneficial Owners received from the depositories as on April 29 2022 for seeking their approval for Appointment of Mr. Deepak Chhabra (DIN 01879706) as a Director & Managing Director of the Company. The dispatch is expected to complete by May 3 2022.The above documents are also available on the Website of the Company at www.timexindia.com.This is for your information and records. |
| Fri, 20 May 2022 |
Higher Delivery Quantity
|
Higher Trade Quantity
|
Higher Trade and Delivery Quantity
|
Closing Above Previous High
|
High Increase 1 Year
|
Equities
M.F.
Sectors