TIMKENCapital Goods

Timken India Limited

Abrasives & Bearings · ISIN INE325A01013 · BSE 522113 · NSE EQ · FV ₹10
Last price
₹3,185
-1.65%today
What this company does

Timken India Limited operates in Abrasives & Bearings, part of the Capital Goods sector. It booked ₹943 cr of revenue in its latest quarter (Q1 FY27) and kept 12.7% of sales as profit. It is the largest of 6 Abrasives & Bearings companies we track, by market value.

In the report:
71out of 100
Equitytale Health Score
Solid

Healthier than 71% of companies in Capital Goods, on the 5 of 6 measures we could read for it. Each measure is ranked against the 109–113 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
51

At close. Not part of the score.

Profitability & returns63

How much profit it earns on the money it employs

Balance sheet93

How much it owes, and whether earnings cover the interest

Cash quality63

Whether reported profit actually arrives as cash

Valuation45

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 51%
No promoter shares pledged
Strong 16% return on equity
Virtually debt-free
Watch-outs
None flagged from our data

What if I invest in TIMKEN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹3,185 -1.65%
latest close · 2026-09-17
1-year return
+102.7%
52-wk low ₹1,56352-wk high ₹3,390
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio50.0High
LowAverageHigh
P/B ratio8.22High
Below bookModerateHigh
EV / EBITDA31.4High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity16.4%Strong
WeakFairStrong ▸15%
Return on capital20.9%Strong
WeakFairStrong
Net margin12.7%Decent
ThinDecentStrong
EBITDA margin20.0%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover206.9×Strong
RiskyOkayStrong ▸5×
Current ratio2.97Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹23,958 cr
Book value
₹387
EPS
₹15.91
latest quarter
Net debt
₹-268 cr
more cash than debt
Enterprise value
₹23,690 cr
EBITDA
₹753 cr
annualised
EBIT
₹628 cr
annualised
Operating margin
16.6%
Return on assets
12.9%
Earnings yield
2.00%
P/S
6.35
Sales / share
₹501.6
Tax rate
23.4%
Face value
₹10
Shares
7.5 cr
Working capital
₹1,370 cr
Current assets
₹2,066 cr
Current liabilities
₹697 cr
Delivery %
53.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹306₹496, midpoint ₹401

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹943 cr
Other Income₹11 cr
Total Income₹954 cr
Cost of Materials₹359 cr
Purchases of Stock-in-Trade₹297 cr
Inventory Change (±)₹-90 cr
Employee Benefit Expense₹50 cr
Finance Costs₹75.9 L
Depreciation & Amortisation₹31 cr
Other Expenses₹150 cr
Total Expenses₹798 cr
Profit before Tax₹156 cr
Tax Expense₹37 cr
Net Profit₹120 cr
Net margin on total income12.5%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹566 cr59.3%
Employee benefit expense₹50 cr5.2%
Finance costs₹75.9 L0.1%
Depreciation & amortisation₹31 cr3.3%
Other expenses₹150 cr15.7%
Tax expense₹37 cr3.8%
Profit for the period₹120 cr12.5%
Total income ₹954 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue780 cr1,090 cr943 cr
Total income787 cr1,091 cr954 cr
Expenses709 cr879 cr798 cr
Profit before tax78 cr212 cr156 cr
Tax24 cr54 cr37 cr
Net profit (owners' share)55 cr158 cr120 cr
Net margin (owners' share, on revenue)7.0%14.5%12.7%
EPS (₹)7.2521.0515.91
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹3,700 cr
Shareholder equity
₹2,915 cr
parent shareholders
Total debt
₹0 cr
Cash
₹268 cr
Peer comparison
Abrasives & Bearings · by market value
CompanyPriceMarket capP/E
Timken India Limitedthis company₹3,185₹23,958 cr50.0
Carborundum Universal Limited₹1,084₹20,643 cr67.1
Grindwell Norton Limited₹1,862₹20,618 cr44.6
SKF India (Industrial) Limited₹2,940₹14,537 cr58.7
Wendt (India) Limited₹8,765₹1,753 cr70.9
NRB Industrial Bearings Limited₹31₹74 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.08%
trailing 12 months
Dividend / share (TTM)
₹2.5
Last dividend
₹2.5
ex 31 Jul 2026
ActionDetailEx-date
Dividend₹2.5 / share31 Jul 2026
Dividend₹36 / share25 Jul 2025
Dividend₹2.5 / share26 Jul 2024
Dividend₹1.5 / share4 Aug 2023
Dividend₹1.5 / share11 Aug 2022
Dividend₹1.5 / share29 Jul 2021
Who owns it · 2026-06-30
No pledge
Promoter
51.0%
FII / Foreign
7.3%
DII / Domestic
30.3%
Retail / others
11.4%
Promoter stake down 6.7% over the last 12 quarters.
Smart-money activity
Bulk / block deals
short · NSE1006 Aug 26
short · NSE2017 Jul 26
short · NSE15 May 26
Stake changes
BoughtHDFC Mutual Fund→ 5.03% · 39,2184 Jun 25
SoldTimken Singapore Pte Ltd. · promoter→ 51.05% · 50.00 L28 May 24
SoldTimken Singapore PTE Ltd · promoter→ 57.70% · 76.00 L20 Jun 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 18 Aug 2026
See the official result
1
To consider and adopt the Audited Financial Statements for the financial year ended 31st March, 2026 along with reports of the Board of Directors and Statutory Auditors
Backed by 100% of shareholders other than promotersneeded 50%
2.61 cr votes for, 130 against · 0% of mutual funds and other big investors said no
2
To declare dividend of Rs. 2.50 /- per equity share of Rs. 10/- each fully paid up for the financial year ended 31 March, 2026
Backed by 100% of shareholders other than promotersneeded 50%
2.61 cr votes for, 26 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr. Hansal Patel (DIN:09607506), who retires by rotation and being eligible, offers himself for re- appointment
Backed by 97% of shareholders other than promotersneeded 50%
2.53 cr votes for, 7.92 L against · 3% of mutual funds and other big investors said no
4
Ratification of remuneration payable to the Cost Auditors
Backed by 100% of shareholders other than promotersneeded 50%
2.61 cr votes for, 160 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 51.0% between them · as of 2026-06-30
Timken Singapore Pte Limited51.05%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.