Timex Group India Ltd
₹ 424
13.07%
27 May
- close price
About
Timex Group India Limited is a group company of Tanager Group B.V. (formerly known as Timex Group B.V.). The Co is engaged in manufacturing and trading of watches and rendering of related after sales service. The Company also provides information and technology support services to the Group Companies. [1][2]
Key Points
- Market Cap ₹ 4,276 Cr.
- Current Price ₹ 424
- High / Low ₹ 440 / 200
- Stock P/E 53.9
- Book Value ₹ 11.0
- Dividend Yield 0.00 %
- ROCE 92.8 %
- ROE 116 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 64.1% CAGR over last 5 years
- Debtor days have improved from 36.1 to 26.6 days.
- Company's working capital requirements have reduced from 63.2 days to 48.9 days
Cons
- Stock is trading at 38.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last 3 years: -23.9%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 142 | 173 | 200 | 207 | 242 | 252 | 141 | 264 | 383 | 419 | 538 | 799 | |
| 150 | 176 | 199 | 197 | 230 | 248 | 144 | 256 | 345 | 386 | 490 | 684 | |
| Operating Profit | -8 | -3 | 2 | 11 | 11 | 4 | -4 | 8 | 38 | 32 | 48 | 114 |
| OPM % | -6% | -2% | 1% | 5% | 5% | 1% | -3% | 3% | 10% | 8% | 9% | 14% |
| 2 | -0 | 0 | 1 | 0 | 0 | 1 | 1 | 0 | 3 | 2 | -3 | |
| Interest | 3 | 4 | 3 | 2 | 2 | 3 | 2 | 2 | 5 | 4 | 4 | 5 |
| Depreciation | 2 | 3 | 2 | 2 | 2 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
| Profit before tax | -11 | -9 | -3 | 8 | 8 | -2 | -8 | 3 | 30 | 28 | 43 | 102 |
| Tax % | 0% | 0% | 0% | 0% | 11% | 0% | -1% | 0% | -57% | 25% | 27% | 26% |
| -11 | -9 | -3 | 8 | 7 | -2 | -8 | 3 | 47 | 21 | 31 | 75 | |
| EPS in Rs | -1.09 | -0.92 | -0.32 | 0.74 | 0.74 | -0.18 | -0.79 | 0.32 | 4.61 | 2.06 | 3.11 | 7.47 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 41% |
| 3 Years: | 28% |
| TTM: | 48% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 27% |
| 5 Years: | 64% |
| 3 Years: | 19% |
| TTM: | 152% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 68% |
| 3 Years: | 42% |
| 1 Year: | 57% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 116% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves | -65 | -75 | -2 | -71 | -64 | -66 | -74 | -71 | -24 | -3 | 15 | 101 |
| 69 | 76 | 25 | 104 | 103 | 109 | 91 | 111 | 110 | 86 | 101 | 6 | |
| 104 | 118 | 64 | 78 | 73 | 89 | 78 | 80 | 98 | 108 | 126 | 220 | |
| Total Liabilities | 117 | 129 | 97 | 121 | 122 | 143 | 106 | 130 | 194 | 201 | 252 | 338 |
| 11 | 12 | 8 | 7 | 8 | 23 | 20 | 17 | 17 | 15 | 12 | 11 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 106 | 117 | 88 | 114 | 113 | 120 | 86 | 113 | 178 | 186 | 240 | 326 | |
| Total Assets | 117 | 129 | 97 | 121 | 122 | 143 | 106 | 130 | 194 | 201 | 252 | 338 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -8 | -1 | -23 | -1 | 6 | 10 | 22 | -18 | 10 | 32 | -3 | 91 | |
| -1 | -2 | -1 | -0 | -4 | -1 | -0 | -1 | -1 | -1 | -0 | -1 | |
| 8 | 3 | 24 | 0 | -3 | -10 | -21 | 18 | -8 | -28 | -0 | -56 | |
| Net Cash Flow | -1 | -0 | -0 | -1 | -1 | -2 | 1 | -1 | 1 | 3 | -4 | 34 |
| Free Cash Flow | -9 | -4 | -24 | -1 | 2 | 8 | 22 | -19 | 8 | 31 | -4 | 89 |
| CFO/OP | 101% | 50% | -1,484% | -7% | 56% | 264% | -618% | -217% | 26% | 101% | 10% | 104% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 176 | 150 | 75 | 104 | 81 | 91 | 98 | 67 | 50 | 45 | 37 | 27 |
| Inventory Days | 124 | 134 | 120 | 149 | 132 | 111 | 155 | 132 | 161 | 159 | 178 | 158 |
| Days Payable | 358 | 328 | 166 | 220 | 154 | 172 | 269 | 138 | 111 | 104 | 86 | 97 |
| Cash Conversion Cycle | -58 | -44 | 29 | 33 | 59 | 30 | -15 | 61 | 100 | 100 | 129 | 88 |
| Working Capital Days | -78 | -83 | -7 | 12 | 21 | 22 | 24 | 22 | 47 | 66 | 74 | 49 |
| ROCE % | -72% | -45% | -2% | 25% | 22% | 2% | -14% | 14% | 48% | 33% | 43% | 93% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2023 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Number of Permanent Employees Number |
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| Timex World Showrooms/Retail Stores Number |
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| Authorized Service Centres Number |
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| Daily Assembly Capacity Watches |
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| Large Format Stores Reach Number |
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| Annual Production Capacity at Baddi Plant Million Units |
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| Multi Brand Outlet (MBO) Touchpoints Number |
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| Global Brand Portfolio Presence Number |
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Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
4m - Please find attached Annual Secretarial Compliance Report for the Financial Year ended March 31,2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
4h - Please find attached copies of Newspaper Advertisement regarding Financials Results of the Company for the quarter and year ended on March 31,2026 published on May …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22h - Timex Group India schedules one-on-one virtual investor call with Vyom Partners LLP on June 3, 2026.
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Announcement under Regulation 30 (LODR)-Investor Presentation
1d - PFA investor presentation for the Q4 of FY2025-26
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Board approved FY26 audited results, recommended preference share dividends, and reappointed Grant Thornton Bharat LLP.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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May 2026TranscriptAI SummaryPPT
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Feb 2026TranscriptAI SummaryPPT
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Nov 2025TranscriptAI SummaryPPT
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Jul 2025TranscriptAI SummaryPPT
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May 2025TranscriptAI SummaryPPT
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Oct 2024TranscriptAI SummaryPPT
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Jul 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Oct 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
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Oct 2020TranscriptAI SummaryPPT
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Aug 2020TranscriptAI SummaryPPT
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Jan 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Aug 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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Feb 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
History
Co entered India in 1988 as a joint venture with Jayna Times Industries Ltd until 1990. In 1990, co entered into a JV with Titan which ended in 2000. Co got listed in 1994. Timex Group is America’s Oldest Watchmaker, established in 1854 in Connecticut[1][2]