Timken India Ltd.
Snapshot View

1961.00 +7.35 ▲0.4%

27 May 2022, 04:01:00 PM
Volume: 1,122

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Bearings Compare with Industry peers
Website http://www.timken.com/en-in
Market Cap 14,775.97 Cr.
Enterprise Value(EV) 14,619.07 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 43.49 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) 45.17 Trailing Twelve Months Ending 2022-03
Industry PE 43.78 Trailing Twelve Months Ending 2022-03
Book Value / Share 220.28 Trailing Twelve Months Ending 2022-03
Price to Book Value 8.92 Calculated using Price: 1,964.40
Dividend Yield 0.08 Period Ending 2021-03
No. of Shares Subscribed 7.52 Cr. 75,218,734 Shares
FaceValue 10
Company Profile

Timken India Ltd., (TIL) a Timken Company subsidiary, started manufacturing bearings in India nearly three decades ago and today has state-of-the-art manufacturing plants in Jamshedpur and Bharuch to serve local bearing market needs and beyond. Employing the highly collaborative technical selling model for which Timken is known, the India team works directly with large OEM customers and with end users through a network of authorized distributors to make design and application recommendations to optimize performance and reliability. The Timken Technology Centre in Bangalore, one of four such centres in the world, provides customers access to engineering expertise and the latest technological advancements. It also offers a breadth of bearing repair and related mechanical power transmission services to its customers. Timken India was incorporated in 1987 as Tata Timken Limited (TTL), a joint venture between Tata Iron and Steel Company (TISCO) and The Timken Company, a world leader in bearings. It commenced commercial production at its Jamshedpur plant in March 1992. The Timken Company is a world leader in tapered roller bearings.

Business area of the company

The company actively operates in Indian anti-friction bearings, mechanical power transmission products and related services business.

Products and services of the company

The company offers a growing portfolio of engineered bearings, mechanical power transmission products and industrial services to keep industries moving efficiently and reliably.

Awards

2017-18

  • Best safety award from JSW, Bellary MILLTEC site.
  • Sustainability Award from Mahindra and Mahindra.
  • Sustainable supplier award from TATA motors.
  • Quality Focus, responsiveness and cost efficiency award from Spicer India.
  • Platinum award for Delivery by Automotive Axles.
  • Hallmark International Railway Industry Standard (IRIS) certification highly valued by global rail customers.
  • Winner of Kaizen and Poka-yoke competition in Confederation of Indian Industries.
  • Silver certificate of merit for manufacturing excellence by Frost & Sullivan & FICCI.

2018-19

  • On-Time delivery award by Terex in Sept’18
  • Received Authorized Economic Operator (AEO) certificate from Central Board of Excise & Customs.

2019-20

  • Excellence in Manufacturing from Indo-American Corporate Excellence Award.
  • DL Shah Quality Award- Silver award for 'The Yield and Productivity Improvement’.
  • Award for Energy Efficiency in Supply Chain by Tata Motors.
  • Recipient of the award for Best Supplier from TATA Motors.
  • Dana award for Expand Global Markets, recognizing successful and substantial efforts put in by a Supplier to support them across platforms and geographies.
  • GE India conferred 'Best Supplier Support' award Opportunities.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+0.38%
1 Week
+1.57%
1 Month
-2.00%
3 Month
-4.78%
6 Month
+3.66%
1 Year
+48.63%
2 Year
+155.84%
5 Year
+180.22%
10 Year
+783.93%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 13.52 12.37 19.66 18.96 16.93 13.94 14.55 16.87 9.81
Return on Capital Employed (%) 19.43 18.32 29.74 29.23 23.96 20.97 21.67 20.88 13.22
Return on Assets (%) 7.98 7.52 10.14 9.74 10.24 8.14 8.22 10.97 6.45

Balance Sheet View Details

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. 2022-03* Rs. Cr.
Shh. Funds 341 382 438 530 618 702 1,341 1,577 1,344 1,657
Non Curr. Liab. 5 240 284 328 19 309 394 115 108 101
Curr. Liab. 112 110 138 167 238 375 497 564 736 436
Minority Int.
Equity & Liab. 459 732 860 1,025 874 1,386 2,232 2,255 2,188 2,194
Non Curr. Assets 117 374 434 525 325 604 1,169 936 943 934
Curr. Assets 341 358 426 500 549 782 1,063 1,319 1,244 1,260
Misc. Exp. not W/O
Total Assets 459 732 860 1,025 874 1,386 2,232 2,255 2,188 2,194

Profit Loss View Details

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. 2022-03 Rs. Cr. TTM
Net Sales 689 720 929 1,051 1,056 1,233 1,664 1,617 1,411 2,203
Other Income 6 11 6 6 10 21 16 23 20 14
Total Income 694 731 935 1,057 1,066 1,254 1,680 1,640 1,430 2,218
Total Expenditure -615 -649 -795 -889 -898 -1,070 -1,375 -1,254 -1,159 -1,693
PBIDT 79 82 140 168 168 184 305 386 271 525
Interest -1 -1 -1 -1 -1 -1 -2 -3 -1 -2
Depreciation -14 -16 -17 -22 -29 -43 -79 -77 -75 -84
Taxation -20 -21 -42 -50 -41 -48 -75 -60 -52 -111
Exceptional Items -3
PAT 44 45 81 92 97 92 149 246 143 327
Adjusted EPS 7 7 12 14 14 14 20 33 19 43

Cash Flow View Details

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. 34 13 44 43 101 164 39 249 348 189
Cash Fr. Inv. -50 -17 -30 -23 -67 -125 -64 -110 -102 -69
Cash Fr. Finan. -132 -16 -14 -26 1 -5 -2 -23 -13 -379
Net Change -148 -20 0 -7 36 34 -27 116 233 -259
Cash & Cash Eqvt 66 46 46 39 75 105 78 198 428 170

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 67.80 67.80 67.80 67.80 67.80 67.80 67.80 67.80 67.80
Public 32.20 32.20 32.20 32.20 32.20 32.20 32.20 32.20 32.20
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

Sat, 28 May 2022
Board recommends Dividend
Timken India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 27 2022 inter alia has recommended dividend of Rs. 1.5/- per equity share of Rs. 10 each fully paid up for the year ended March 31 2022. This dividend will be paid to eligible shareholders after obtaining approval of the members of the Company at ensuing Annual General Meeting.
Fri, 27 May 2022
Outcome Of The Board Meeting Held On 27 May 2022
Audited Financial Results: The Board has approved Audited Financial Results for the quarter and year ended 31 March 2022. Copy of Audited Financial Results for the quarter and year ended 31 March 2022 along with Auditors Report (without UDIN) is enclosed herewith. We confirm that Deloitte Haskins & Sells LLP Statutory Auditors of the Company have issued Auditors Report with unmodified opinion on said Financial Results.Please note that Auditors Report issued by Statutory Auditors with UDIN is being filed separately.
Fri, 27 May 2022
Board Meeting Outcome for Outcome Of The Board Meeting Held On 27 May 2022
Dividend: The Board has recommended dividend of Rs. 1.5/- per equity share of Rs 10 each fully paid up for the year ended 31 March 2022. This dividend will be paid to eligible shareholders after obtaining approval of the members of the Company at ensuing Annual General Meeting.

Technical Scans View Details

Fri, 27 May 2022
Closing Above Previous High Closing Above Previous High
Close Within 52 Week High Zone Close Within 52 Week High Zone
Close Entering 52 Week High Zone Close Entering 52 Week High Zone
High Increase 1 Year High Increase 1 Year
High Increase 2 Years High Increase 2 Years

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