Timex Group India Ltd.
Snapshot View

47.05 +2.20 ▲4.9%

29 July 2021, 04:00:00 P.M.
Volume: 215,043

Overview View Details

Sector Consumer Durables Compare with Sector peers
Industry Watches & Accessories Compare with Industry peers
Website http://www.timexindia.com
Financial Indicators
Market Cap 474.97 Cr.
Earnings per share (EPS) -0.79 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE - Trailing Twelve Months Ending 2021-03
Book Value / Share 1.24 Trailing Twelve Months Ending 2021-03
Price to Book Value 37.86 Calculated using Price: 47.05
Dividend Yield 0.00 Period Ending 2020-03
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 :

  • Men’s collection- SLX Series, Retrogrades, Perpetual Calandar, Chronographs, Fashion, Outdoor, Sports, Fitness and Advanced, Empera, Formals, World Time.
  • Women’s collection- Fashion, Empera, Formals.
  • Pair collection- Fashion, Empera, Formals.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+4.91%
1 Week
+24.64%
1 Month
+23.65%
3 Month
+34.24%
6 Month
+83.43%
1 Year
+127.85%
2 Year
+23.33%
5 Year
+15.46%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 14.77 -405.41
Return on Capital Employed (%) 9.54 -67.13 -114.77 -59.53 -45.64 -1.77 25.27 21.48 2.32
Return on Assets (%) 2.78 -26.42 -24.46 -8.63 -7.10 -2.82 6.90 6.14 -1.36

Balance Sheet View Details

Particulars 9 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.
Shh. Funds 72 30 -3 -14 -23 8 15 22 21
Non Curr. Liab. 9 9 9 10 10 5 6 7 19
Curr. Liab. 95 101 123 130 149 84 100 93 103
Minority Int.
Equity & Liab. 177 141 129 126 135 97 121 122 143
Non Curr. Assets 28 26 25 22 22 13 11 13 24
Curr. Assets 149 114 104 104 113 84 110 109 119
Misc. Exp. not W/O
Total Assets 177 141 129 126 135 97 121 122 143

Profit Loss View Details

Particulars 9 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.
Net Sales 184 121 124 142 173 200 207 242 252
Other Income 0 0 0 0 0 0 1 0 0
Total Income 184 122 124 142 173 200 208 242 252
Total Expenditure -175 -160 -153 -150 -176 -199 -197 -230 -248
PBIDT 9 -39 -29 -8 -3 2 11 12 4
Interest -1 -1 -1 -3 -4 -3 -2 -2 -3
Depreciation -2 -2 -2 -2 -3 -2 -2 -2 -3
Taxation -2 -1
Exceptional Items 2
PAT 5 -42 -33 -11 -9 -3 8 7 -2

Cash Flow View Details

Particulars 9 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.
Cash Fr. Operatn. -11 7 -5 -8 -1 -23 -1 6 10
Cash Fr. Inv. -3 -2 -1 -1 -2 -1 0 -4 -1
Cash Fr. Finan. 4 -3 6 8 3 24 0 -3 -10
Net Change -9 2 0 -1 0 0 -1 -1 -2
Cash & Cash Eqvt 3 6 5 4 4 4 3 2 0

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 74.93 74.93 74.93 74.93 74.93 74.93 74.93 74.93 74.93
Public 25.07 25.07 25.07 25.07 25.07 25.07 25.07 25.07 25.07
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Thu, 29 Jul 2021
Announcement under Regulation 30 (LODR)-Press Release / Media Release
In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 please find enclosed herewith a copy of press release being issued by the Company on the following subject:

Timex India launches its First Made in India Smartwatch

You are requested to take the above information on record and acknowledge.
Fri, 23 Jul 2021
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we wish to inform you that the Company has received request for issue of duplicate share certificate(s) on April 12 2021 against the certificate(s) reported to be lost / misplaced as per the details given below.
--------------------------------------------------------------------------------
NAME OF THE NO. OF CERT NOS DISTINCTIVE NO
SHAREHOLDER SHARES
--------------------------------------------------------------------------------
Gurdeep Singh 100 59722 3819601-9700
Bhasin
Navin Parwani 100 118209 9668301-8400

You are requested to take the above information on record and acknowledge.
Fri, 16 Jul 2021
Shareholding for the Period Ended June 30 2021
Timex Group India Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here

Technical Scans View Details

Thu, 29 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index

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