On 6 Nov 2026, Timex Group India was priced at ₹701.20, or 69.1× trailing earnings, against an industry P/E of 19.6×. Sales and net profit grew 28% and 17% a year over 3 years, with ROCE of 65%. Debt is 0.32× equity. It is a small-cap company with a market cap of ₹7,079 Cr, ranked 11th of 82 Luxury Goods companies by market cap; the shares rose 104% over the past year.
- ₹686.00
- ₹707.25
- ₹680.25
- ₹697.40
- 4.2 L
Health check
- ReturnsAhead
+103.5% over a year, better than 6 of 7 peers.
- Price tagPricier
P/E 69.1 vs industry 19.6.
- GrowthSlow
Sales +27.7%, profit +17.5% a year over 3 years.
- ProfitabilityStrong
ROCE 64.8% vs peer median 34.2%.
- Balance sheetSolid
Debt 0.32× equity, interest covered 22.1×.
- Red flags1 to check
P/E of 69.1 against an industry P/E of 19.6.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹7,079 Cr
- Small cap
- P/E
- 69.1
- Industry 19.6
- Price to book
- 93.89
- Peers 8.57
- Dividend yield
- 0.00%
- ROE
- 150.0%
- Peers 29.3%
- ROCE
- 64.8%
- Peers 34.2%
- Debt to equity
- 0.32
- Debt ₹36 Cr
- EPS (TTM)
- ₹10.15
- Face value ₹1
- OPM (TTM)
- 15.3%
- Net margin 10.1%
- Sales growth
- +46.9%
- Latest quarter vs a year ago
- Profit growth
- +55.8%
- Latest quarter vs a year ago
- Price to sales
- 8.34
- EV/EBITDA 55.4
Strengths and risks
Strengths
- Return on equity of 150.0%.
- Return on capital employed of 64.8%.
- Quarterly profit up 55.8% on a year ago.
- Quarterly sales up 46.9% on a year ago.
Risks to check
- P/E of 69.1 against an industry P/E of 19.6.
About Timex Group India
Timex Group India Limited engages in designing, manufacturing, and trading of watches in India and internationally. It offers wrist watches for men, women, and children under the Timex, Guess, Gc, Versace, Salvatore Ferragamo, Nautica, Ted Baker, Furla, Adidas Originals, Philipp Plein, Plein Sports, Helix, Aston Martin, UNLTD., and TMX brand names. The company also provides after-sales services. The company also offers information and technology support…
- Headquarters
- Noida
- Employees
- 303
- Sector
- Consumer Cyclical
- ISIN
- INE064A01026
- Website
- timexindia.com
Price range
- Avg volume (3M)
- 5.4 L
- 1-year return
- plus 103.5%
- From 52-week high
- minus 7.7%
Peers · Luxury Goods
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TITANTitan Company | 5,000.00 | plus 3.42% | 4,43,656 | 63.1 | 24.30 | 38.4% | 37.1% | 11.6% | 29.2% | 16.0% | 0.30% | plus 26.8% |
| KALYANKJILKalyan Jewellers India | 590.75 | plus 5.49% | 61,010 | 42.6 | 9.66 | 26.7% | 24.3% | 6.7% | 36.4% | 46.1% | 0.42% | plus 7.2% |
| LALITHAALalithaa Jewellery Mart | 373.50 | plus 0.50% | 20,905 | 21.9 | 6.37 | 46.1% | 41.6% | 5.7% | 23.4% | 61.8% | 0.00% | plus 50.3% |
| PCJEWELLERPC Jeweller | 15.77 | plus 1.35% | 15,467 | 17.1 | 1.65 | 10.3% | 10.8% | 24.6% | 10.7% | – | 0.00% | plus 29.0% |
| SKYGOLDSKY GOLD AND DIAMONDS | 951.95 | plus 0.31% | 14,743 | 37.3 | 10.49 | 35.9% | 33.0% | 7.5% | 76.0% | 145.4% | 0.00% | plus 164.3% |
| THANGAMAYLThangamayil Jewellery | 4,148.20 | minus 4.32% | 12,893 | 32.9 | 8.57 | 34.2% | 29.3% | 6.5% | 39.2% | 64.0% | 0.43% | plus 42.6% |
| BLUESTONEBlueStone Jewellery and Lifestyle | 710.85 | minus 2.09% | 10,867 | 102.6 | 5.92 | 7.7% | 5.8% | 17.0% | 46.8% | – | 0.00% | plus 2.0% |
| TIMEXTimex Group India | 701.20 | plus 0.54% | 7,079 | 69.1 | 93.89 | – | 135.9% | 15.0% | 27.7% | 17.5% | 0.00% | plus 103.5% |
| Median of 7 peers | – | 0.50% | 15,467 | 37.3 | 8.57 | 34.2% | 29.3% | 7.5% | 36.4% | 61.8% | 0.00% | 29.0% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 244 | 151 | 235 | 219 | 358 | |
| 201 | 144 | 195 | 184 | 294 | |
| 42.5 | 7.1 | 40.4 | 35.2 | 64.3 | |
| 17.5% | 4.7% | 17.2% | 16.1% | 18.0% | |
| 0.4 | 3.2 | 0.6 | 0.6 | 1.2 | |
| 1.4 | 1.4 | 1.5 | 1.1 | 1.2 | |
| 0.9 | 0.9 | 0.9 | 0.9 | 1 | |
| – | −3.2 | −2.1 | – | – | |
| 40.7 | 4.8 | 36.6 | 33.8 | 63.3 | |
| 25.7% | 33.3% | 25.3% | 25.9% | 25.6% | |
| 30.2 | 3.2 | 27.3 | 25 | 47.1 | |
| 2.87 | 0.19 | 2.90 | 2.44 | 4.62 |
Profit & loss
- Sales CAGR 3Y
- +27.7%
- Profit CAGR 3Y
- +17.5%
- EPS CAGR 3Y
- +23.2%
- ROE
- 150.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 383 | 419 | 538 | 799 | |
| – | +9.2% | +28.5% | +48.4% | |
| 344 | 385 | 490 | 683 | |
| 39.2 | 33.5 | 48.4 | 115 | |
| 10.2% | 8.0% | 9.0% | 14.4% | |
| −3 | −0.4 | −0.1 | −1.1 | |
| 3 | 1.8 | 2.7 | 4.8 | |
| 3.6 | 3.6 | 3.3 | 3.4 | |
| −0 | 0.1 | 0.4 | −4.1 | |
| 29.7 | 27.8 | 42.8 | 102 | |
| −56.8% | 24.9% | 26.5% | 26.0% | |
| 46.5 | 20.8 | 31.4 | 75.4 | |
| – | minus 55.2% | +50.8% | +140.1% | |
| 3.90 | 1.36 | 2.62 | 7.30 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 84.6 | 84.6 | 68.9 | 46 | |
| −98.6 | −77.8 | −43.7 | 29.4 | |
| 34.3 | 9.8 | 12.4 | 6 | |
| 174 | 185 | 214 | 256 | |
| 194 | 201 | 252 | 338 | |
| 16.6 | 14.5 | 12.2 | 11.4 | |
| 0.2 | – | 0.2 | 0.1 | |
| 0.9 | 0.8 | 0.9 | 1.1 | |
| 1.3 | 3.9 | – | 34 | |
| 175 | 182 | 239 | 291 | |
| 194 | 201 | 252 | 338 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9.8 | 32.5 | −3.2 | 91 | |
| −1.3 | −1.4 | −0.4 | −0.6 | |
| −7.6 | −28.4 | −0.4 | −56.5 | |
| 0.9 | 2.6 | −3.9 | 34 | |
| −1.5 | −1.5 | −0.9 | −1.9 | |
| 8.4 | 31 | −4.1 | 89.1 | |
| – | – | – | −23.7 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 2.2% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.