On 6 Nov 2026, Timken India was priced at ₹3,057.80, or 50.7× trailing earnings, against an industry P/E of 22.6×, and the shares are 22% below their 52-week high. It earns ROCE of 19% and ROE of 15%, and sales and net profit grew 7.5% and 2.0% a year over 3 years. It has almost no debt, and its dividend yield is 0.1%. It is a small-cap company with a market cap of ₹23,000 Cr, the largest of 31 Tools & Accessories companies by market cap; the shares rose 2.4% over the past year.
- ₹3,132.60
- ₹3,132.60
- ₹3,015.00
- ₹3,124.60
- 30.1K
Health check
- ReturnsBehind
+2.4% over a year, better than 2 of 7 peers.
- Price tagPricier
P/E 50.7 vs industry 22.6.
- GrowthSteady
Sales +7.5%, profit +2.0% a year over 3 years.
- ProfitabilityAverage
ROCE 18.5% vs peer median 25.1%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flags1 to check
P/E of 50.7 against an industry P/E of 22.6.
Small cap
Defensive
Key metrics
- Market cap
- ₹23,000 Cr
- Small cap
- P/E
- 50.7
- Industry 22.6
- Price to book
- 7.34
- Peers 5.66
- Dividend yield
- 0.08%
- ROE
- 15.4%
- Peers 15.0%
- ROCE
- 18.5%
- Peers 25.1%
- Debt to equity
- 0.00
- Debt ₹14 Cr
- EPS (TTM)
- ₹60.28
- Face value ₹10
- OPM (TTM)
- 18.5%
- Net margin 11.9%
- Sales growth
- +25.4%
- Latest quarter vs a year ago
- Profit growth
- +29.2%
- Latest quarter vs a year ago
- Price to sales
- 6.05
- EV/EBITDA 32.0
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 29.2% on a year ago.
- Quarterly sales up 25.4% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 50.7 against an industry P/E of 22.6.
About Timken India
Timken India Limited manufactures, sells, and distributes tapered and other roller bearings, components, accessories, and mechanical power transmission products in India, the United States, and internationally. The company offers engineered bearing products, such as mounted, roller, energy efficient, ball, precision, plain, thrust bearings, engineered seals, bearing accessories, and lubricant solutions, as well as bearing repair; grease lubrication and…
- Headquarters
- Bengaluru
- Employees
- 1,241
- Sector
- Industrials
- ISIN
- INE325A01013
- Website
- timken.com
Price range
- Avg volume (3M)
- 42.7K
- 1-year return
- plus 2.4%
- From 52-week high
- minus 22.1%
Analyst consensus
Peers · Tools & Accessories
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TIMKENTimken India | 3,057.80 | minus 2.14% | 23,000 | 50.7 | 35.4 | 18.5% | 18.5% | 0.00 | 7.5% | plus 2.4% |
| CARBORUNIVCarborundum Universal | 1,041.30 | minus 3.99% | 19,838 | 134.0 | 32.9 | 7.1% | 8.4% | 0.12 | 3.8% | plus 21.1% |
| SKFINDUSSKF India (Industrial) | 2,343.60 | minus 2.47% | 11,586 | 49.4 | – | – | 10.3% | 0.00 | – | minus 13.0% |
| KENNAMETKennametal India | 3,585.60 | minus 5.65% | 7,881 | 40.2 | 26.1 | 31.2% | 23.9% | 0.00 | 11.4% | plus 44.8% |
| ESABINDIAEsab India | 5,004.00 | minus 2.18% | 7,703 | 34.7 | 28.1 | 60.8% | 18.4% | 0.01 | 11.4% | plus 4.8% |
| SKFINDIASKF India | 1,425.60 | plus 0.37% | 7,048 | 45.3 | 14.4 | 31.7% | 11.1% | 0.00 | −4.9% | minus 33.0% |
| TIILTechnocraft Industries (India) | 2,726.40 | minus 1.58% | 6,182 | 18.2 | 13.7 | 19.1% | 18.5% | 0.40 | 12.2% | plus 14.3% |
| HARSHAHarsha Engineers International | 457.15 | minus 2.41% | 4,162 | 26.9 | 17.7 | 14.1% | 14.6% | 0.27 | 5.8% | plus 17.9% |
| Median of 7 peers | – | −2.41% | 7,703 | 40.2 | 21.9 | 25.1% | 14.6% | 0.01 | 8.6% | 14.3% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 786 | 780 | 1,090 | 943 | 986 | |
| 643 | 679 | 848 | 766 | 802 | |
| 143 | 101 | 242 | 178 | 184 | |
| 18.2% | 12.9% | 22.2% | 18.8% | 18.7% | |
| 10.9 | 7.2 | 0.8 | 10.7 | 8.6 | |
| 0.8 | 0.8 | 1 | 0.8 | 1 | |
| 26.7 | 28.9 | 29.6 | 31.4 | 28.9 | |
| 126 | 78.2 | 212 | 156 | 163 | |
| 25.9% | 30.3% | 25.3% | 23.4% | 25.8% | |
| 93.6 | 54.6 | 158 | 120 | 121 | |
| 12.44 | 7.25 | 21.05 | 15.91 | 16.07 |
Profit & loss
- Sales CAGR 3Y
- +7.5%
- Profit CAGR 3Y
- +2.0%
- EPS CAGR 3Y
- +2.0%
- ROE
- 15.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,788 | 2,896 | 3,184 | 3,462 | |
| – | +3.9% | +9.9% | +8.8% | |
| 2,213 | 2,317 | 2,569 | 2,821 | |
| 575 | 579 | 614 | 642 | |
| 20.6% | 20.0% | 19.3% | 18.5% | |
| 38.4 | 33.3 | 46.2 | 20.8 | |
| 2.8 | 3.8 | 4.4 | 3.7 | |
| 87.2 | 85.2 | 85.1 | 106 | |
| 0.5 | 1.3 | 1.8 | −0.1 | |
| 524 | 524 | 573 | 553 | |
| 25.4% | 25.2% | 19.3% | 24.9% | |
| 391 | 392 | 462 | 415 | |
| – | +0.4% | +17.9% | minus 10.2% | |
| 51.95 | 52.13 | 61.45 | 55.16 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 75.2 | 75.2 | 75.2 | 75.2 | |
| 1,962 | 2,342 | 2,823 | 2,839 | |
| 30.5 | 25.4 | 17.6 | 14.6 | |
| 489 | 545 | 572 | 771 | |
| 2,557 | 2,988 | 3,488 | 3,700 | |
| 576 | 758 | 1,103 | 1,271 | |
| 74.3 | 240 | 621 | 147 | |
| 0 | 0 | 0 | 0.7 | |
| 394 | 489 | 553 | 319 | |
| 1,512 | 1,501 | 1,211 | 1,963 | |
| 2,557 | 2,988 | 3,488 | 3,700 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 341 | 340 | 399 | 446 | |
| −47.2 | −228 | −337 | −402 | |
| −15.3 | −17.4 | −27.7 | −279 | |
| 279 | 94.5 | 34.2 | −236 | |
| −62 | −262 | −378 | −297 | |
| 279 | 78.3 | 21.1 | 148 | |
| −11.3 | −11.3 | −18.8 | −271 |
Shareholding pattern
- Promoters51.05%
- Public48.95%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 51.05% | 48.95% | 0.00 | |
| 30 Jun 2026 | 51.05% | 48.95% | 0.00 | |
| 31 Mar 2026 | 51.05% | 48.95% | 0.00 | |
| 31 Dec 2025 | 51.05% | 48.95% | 0.00 | |
| 30 Sep 2025 | 51.05% | 48.95% | – |
Major shareholders
Filings & events
News
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