Timex Group India Ltd.

138.05 -5.70 ▼-4.0%

03 May 2024, 04:01:00 PM
Volume: 48,223

Company Profile

Sector Consumer Durables Sector Icon Consumer Durables Compare with Sector peers
Industry Watches & Accessories Industry Icon Watches & Accessories Compare with Industry peers
Website http://www.timexindia.com
Market Cap 1,393.61 Cr.
Enterprise Value(EV) 1,400.58 Cr. 2023-09
Financial Indicators
Earnings per share (EPS) 3.58 Trailing Twelve Months Ending 2023-12
Price-Earning Ratio (PE) 38.55 Trailing Twelve Months Ending 2023-12
Industry PE 38.91 Trailing Twelve Months Ending 2023-12
Book Value / Share 7.36 Trailing Twelve Months Ending 2023-12
Price to Book Value 18.76 Calculated using Price: 138.05
Dividend Yield 0.00 Period Ending 2023-03
No. of Shares Subscribed 10.10 Cr. 100,950,000 Shares
FaceValue 1
About Timex Group India Ltd.
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 India Ltd. Delivery

Delivered Qty
Traded Qty

Timex Group India Ltd. Performance

1 Day
-3.97%
1 Week
+1.77%
1 Month
-2.23%
3 Month
-9.18%
6 Month
-27.21%
1 Year
-5.57%
2 Year
+104.52%
5 Year
+172.56%
10 Year
+1208.53%

Timex Group India Ltd. Fundamental Ratios

9 years 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03 2022-03 2023-03
Return on Equity (%) 0 0 0 0 0 0 0 0 0
Return on Capital Employed (%) -59.53 -45.64 -1.77 25.27 21.48 2.32 -20.79 20.48 56.29
Return on Assets (%) -8.63 -7.1 -2.82 6.9 6.14 -1.36 -6.45 2.73 30.22

Timex Group India Ltd. Balance Sheet

Particulars 10 years 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. 2023-03 Rs. Cr. 2023-09* Rs. Cr.
Shh. Funds -14 -23 8 15 22 21 13 16 61 76
Non Curr. Liab. 10 10 5 6 7 19 19 19 9 17
Curr. Liab. 130 149 84 100 93 103 75 96 108 106
Minority Int.
Equity & Liab. 126 135 97 121 122 143 106 130 177 199
Non Curr. Assets 22 22 13 11 13 24 21 18 18 18
Curr. Assets 104 113 84 110 109 119 85 112 159 181
Misc. Exp. not W/O
Total Assets 126 135 97 121 122 143 106 130 177 199

Timex Group India Ltd. Profit and Loss

Particulars 10 years 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. 2023-03 Rs. Cr. 2023-12 Rs. Cr. TTM
Net Sales 142 173 200 207 242 252 141 264 383 410
Other Income 0 0 0 1 0 0 1 1 0 1
Total Income 142 173 200 208 242 252 142 266 384 411
Total Expenditure -150 -176 -199 -197 -230 -248 -144 -256 -345 -380
PBIDT -8 -3 2 11 12 4 -2 9 39 32
Interest -3 -4 -3 -2 -2 -3 -2 -2 -5 -4
Depreciation -2 -3 -2 -2 -2 -3 -4 -4 -4 -4
Taxation -1 0 17 12
Exceptional Items 2
PAT -11 -9 -3 8 7 -2 -8 3 47 36
Adjusted EPS -1 -1 0 1 1 0 -1 0 5 4

Timex Group India Ltd. Cash Flow

Particulars 10 years 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. 2023-03 Rs. Cr.
Cash Fr. Operatn. -5 -8 -1 -23 -1 6 10 22 -18 10
Cash Fr. Inv. -1 -1 -2 -1 0 -4 -1 0 -1 -1
Cash Fr. Finan. 6 8 3 24 0 -3 -10 -21 18 -8
Net Change 0 -1 0 0 -1 -1 -2 1 -1 1
Cash & Cash Eqvt 5 4 4 4 3 2 0 1 0 1

Timex Group India Ltd. Shareholding Pattern

9 Qtrs 2022-03 (%) 2022-06 (%) 2022-09 (%) 2022-12 (%) 2023-03 (%) 2023-06 (%) 2023-09 (%) 2023-12 (%) 2024-03 (%)
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
No. of Shareholders (in Lacs)

Timex Group India Ltd. Announcements

Wed, 01 May 2024
Announcement Under Regulation 30(LODR)-Updates
We wish to inform you that Company has received a letter for proceedings u/s 133(6) of the Income Tax Act 1961 for furnishing information regarding Form 15CA from Income Tax Officer Delhi for the period from 1st April 2020 to 31st March 2021.The details of the same are provided in the attached letter.
Tue, 16 Apr 2024
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1Name of CompanyTIMEX GROUP INDIA LTD.-
2CIN NO.L33301DL1988PLC033434
3 Outstanding borrowing of company as on 31st March / 31st December as applicable (in Rs cr) 0.00
4Highest Credit Rating during the previous FY 0
4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)Not Applicable
5Name of Stock Exchange# in which the fine shall be paid in case of shortfall in the required borrowing under the frameworkBSE


We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. No



Name of the Company Secretary: Dhiraj Kumar Maggo
Designation: VP Legal HR and Company Secretary
EmailId: dmaggo@timex.com
Name of the Chief Financial Officer: Amit Jain
Designation: CFO
EmailId: amijain@timex.com

Date: 16/04/2024

Note: In terms para of 3.2(ii) of the circular beginning F.Y 2022 in the event of shortfall in the mandatory borrowing through debt securities a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore an entity identified as LC shall provide in its initial disclosure for a financial year the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
Tue, 16 Apr 2024
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1 Name of Company TIMEX GROUP INDIA LTD.-
2 CIN NO. L33301DL1988PLC033434
3 Report filed for FY 2023-2024
Details of the Current block (all figures in Rs crore):
4 2 - year block period (Specify financial years)* FY 2022-23 2023-24
5 Incremental borrowing done in FY (T)(a) 0.00
6 Mandatory borrowing to be done through debt securities in FY (T) (b) = (25% of a) 0.00
7 Actual borrowing done through debt securities in FY (T)(c) 0.00
8 Shortfall in the borrowing through debt securities if any for FY (T - 1) carried forward to FY (T) (d) NIL
8Quantum of (d) which has been met from (c)(e)* NIL
9 Shortfall if any in the mandatory borrowing through debt securities for FY (T) { after adjusting for any shortfall in borrowing for FY(T - 1) which was carried forward to FY(T)}(f) = (b) - [(c) - (e)]{ If the calculated value is zero or negative write nil}* NIL


Details of penalty to be paid if any in respect to previous block (all figures in Rs crore):
2 - year Block period (Specify financial years)FY 2022-23 2023-24
Amount of fine to be paid for the block if applicable Fine = 0.2% of {(d) - (e)}#0.00



Name of the Company Secretary :-Dhiraj Kumar Maggo
Designation :-VP Legal HR and Company secretary
Name of the Chief Financial Officer :- Amit Jain
Designation : -CFO

Date: 16/04/2024

Timex Group India Ltd. Technical Scans

Fri, 03 May 2024
Higher Trade Quantity Higher Trade Quantity
Close Within 52 Week Low Zone Close Within 52 Week Low Zone
High Decrease in 1 Month High Decrease in 1 Month
High Decrease in 6 Months High Decrease in 6 Months
High Increase in 2 Years High Increase in 2 Years

Timex Group India Ltd. Related Stocks

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Voltas Ltd. 49,320.02 1,487.10 +0.4%
Honeywell Automation India Ltd. 39,009.20 43,971.00 -1.9%
Blue Star Ltd. 29,762.74 1,447.50 -1.4%
Crompton Greaves Consumer Electricals Ltd. 20,926.70 325.40 +0.4%
Whirlpool Of India Ltd. 18,669.82 1,466.60 -1.5%
Amber Enterprises India Ltd. 13,369.50 3,965.60 +1.3%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Dixon Technologies (India) Ltd. Consolidated 2023-12 143.11 8,445.25 +0.4%
Voltas Ltd. Consolidated 2023-12 176.47 1,487.10 +0.4%
Honeywell Automation India Ltd. Standalone 2023-12 83.84 43,971.00 -1.9%
Blue Star Ltd. Consolidated 2024-03 71.73 1,447.50 -1.4%
Crompton Greaves Consumer Electricals Ltd. Consolidated 2023-12 48.36 325.40 +0.4%
Whirlpool Of India Ltd. Consolidated 2023-12 92.37 1,466.60 -1.5%
Amber Enterprises India Ltd. Consolidated 2023-12 94.02 3,965.60 +1.3%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Dixon Technologies (India) Ltd. Consolidated 2023-12 32.70 8,445.25 +0.4%
Voltas Ltd. Consolidated 2023-12 8.62 1,487.10 +0.4%
Honeywell Automation India Ltd. Standalone 2023-12 11.27 43,971.00 -1.9%
Blue Star Ltd. Consolidated 2024-03 11.40 1,447.50 -1.4%
Crompton Greaves Consumer Electricals Ltd. Consolidated 2023-12 7.31 325.40 +0.4%
Whirlpool Of India Ltd. Consolidated 2023-12 5.18 1,466.60 -1.5%
Amber Enterprises India Ltd. Consolidated 2023-12 6.84 3,965.60 +1.3%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Dixon Technologies (India) Ltd. Consolidated 2023-03 0.14 8,445.25 +0.4%
Voltas Ltd. Consolidated 2023-03 0.12 1,487.10 +0.4%
Honeywell Automation India Ltd. Standalone 2023-03 0.01 43,971.00 -1.9%
Blue Star Ltd. Consolidated 2023-03 0.43 1,447.50 -1.4%
Crompton Greaves Consumer Electricals Ltd. Consolidated 2023-03 0.37 325.40 +0.4%
Whirlpool Of India Ltd. Consolidated 2023-03 0.00 1,466.60 -1.5%
Amber Enterprises India Ltd. Consolidated 2023-03 0.78 3,965.60 +1.3%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Dixon Technologies (India) Ltd. Consolidated 2023-03 22.63 8,445.25 +0.4%
Voltas Ltd. Consolidated 2023-03 2.49 1,487.10 +0.4%
Honeywell Automation India Ltd. Standalone 2023-03 14.59 43,971.00 -1.9%
Blue Star Ltd. Consolidated 2023-03 34.13 1,447.50 -1.4%
Crompton Greaves Consumer Electricals Ltd. Consolidated 2023-03 19.71 325.40 +0.4%
Whirlpool Of India Ltd. Consolidated 2023-03 6.64 1,466.60 -1.5%
Amber Enterprises India Ltd. Consolidated 2023-03 9.14 3,965.60 +1.3%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Dixon Technologies (India) Ltd. Consolidated 2023-03 22.63 8,445.25 +0.4%
Voltas Ltd. Consolidated 2023-03 2.49 1,487.10 +0.4%
Honeywell Automation India Ltd. Standalone 2023-03 14.59 43,971.00 -1.9%
Blue Star Ltd. Consolidated 2023-03 34.13 1,447.50 -1.4%
Crompton Greaves Consumer Electricals Ltd. Consolidated 2023-03 19.71 325.40 +0.4%
Whirlpool Of India Ltd. Consolidated 2023-03 6.64 1,466.60 -1.5%
Amber Enterprises India Ltd. Consolidated 2023-03 9.14 3,965.60 +1.3%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Dixon Technologies (India) Ltd. Consolidated 2023-03 12,192.01 8,445.25 +0.4%
Voltas Ltd. Consolidated 2023-03 9,498.77 1,487.10 +0.4%
Honeywell Automation India Ltd. Standalone 2023-03 3,447.59 43,971.00 -1.9%
Blue Star Ltd. Consolidated 2023-03 7,977.32 1,447.50 -1.4%
Crompton Greaves Consumer Electricals Ltd. Consolidated 2023-03 6,869.61 325.40 +0.4%
Whirlpool Of India Ltd. Consolidated 2023-03 6,667.65 1,466.60 -1.5%
Amber Enterprises India Ltd. Consolidated 2023-03 6,927.10 3,965.60 +1.3%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Dixon Technologies (India) Ltd. Consolidated 2023-03 255.08 8,445.25 +0.4%
Voltas Ltd. Consolidated 2023-03 136.22 1,487.10 +0.4%
Honeywell Automation India Ltd. Standalone 2023-03 438.01 43,971.00 -1.9%
Blue Star Ltd. Consolidated 2023-03 400.69 1,447.50 -1.4%
Crompton Greaves Consumer Electricals Ltd. Consolidated 2023-03 476.40 325.40 +0.4%
Whirlpool Of India Ltd. Consolidated 2023-03 224.01 1,466.60 -1.5%
Amber Enterprises India Ltd. Consolidated 2023-03 163.78 3,965.60 +1.3%

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