Timken India Share Price

1. The company's standalone net profit rose by 44% year-on-year to stand at Rs.32 crore, while its standalone revenue was up by 28% year-on-year and 11% quarter-on-quarter to stand at Rs.383 crore.
2. It managed to keep a strong hold on operating costs which led its EBITDA to grow by 40% year-on-year and 29% quarter-on-quarter to stand at Rs.59 crore, while the EBITDA margin grew by 134bps year-on-year and 214bps quarter-on-quarter to 15.5%.
3. The growth in revenue during the said quarter was supported by a strong demand from the domestic automotive sector, which inclined by 18% year-on-year.
4. The expansion in its EBITDA margin is attributed by higher capacity utilisation, price increase, and improving operating leverage.

Timken India Annual Report 2017-18

1. The company reported that its consolidated net profit was slightly down to stand at Rs.92.7 crore as against Rs.96.1 crore posted during the previous financial year.
2. The total income for the fiscal year ending 31 March 2018 increased by 13% to stand at Rs.1,272.6 crore as compared to Rs.1,127.2 crore reported at the end of FY17. The rise is attributed to the increase in domestic sales of nearly 16% and export sales by 5%.
3. It reported that it continues to remain debt free and has generated adequate cash flow during the said fiscal.
4. For the reported financial year, the company recommended a dividend of Rs.1 per equity share of Rs.10 each fully paid out of the profits generated for the year.

Timken India Q4 FY18 Results

1. For the quarter ending on 30 June 2018, the company posted an incline in its standalone net profit by 8% year-on-year to stand at Rs.24 crore, while its standalone revenue was up by 32.61% year-on-year and 23.98% quarter-on-quarter to stand at Rs.345.39 crore.
2. The EBITDA for the said quarter came in at 22% year-on-year to stand at Rs.46 crore; however, despite lower operating and employee costs, raw material costs the EBITDA margin declined by 111bps year-on-year to 13.3% as against 14.4% reported during the same period last fiscal.
3. The board of directors declared a dividend of Rs.1 per share for the fiscal ending 31 March 2018.
4. It also reported that it continues to be debt free with cash flow of Rs.82 crore on the books of the company.

Timken India Stock Trend in 2018

1. The Timken India share price on the 1st of January stood at Rs.883.65 which rose by 100 points to touch Rs.983.75 in the back of better-than-expected outcome of the shareholders meeting.
2. However, the stock price tanked in the month of February as the company reported that its net profit shrank by 30.95% for the quarter ending 31 December 2017. By the end of the month, the scrip lost more than 200 points to close at Rs.786.40.
3. A similar trend was witnessed during the month of March as well with the scrip losing more than 80 points to end the month at Rs.705.45.
4. The scrip gained about 40 points in April before it closed for the month down at Rs.688.15 attributed by investor's apprehension towards lower-than-expected Q4 results.
5. In May, the stock price touched a record low of Rs.667.65 before it rose to close for the month at Rs.713.55 as the company decided to declare a dividend for the fiscal year ending 31 March 2018.
6. In June, the stock price fluctuated over the course of the month before closing for trading at Rs.720.70.
7. With hectic volume trading of equity shares of the company, the scrip grew by nearly 6 points to close at the end of July at Rs.726.80.
8. The company declared a dividend of 10% which led the stock price to touch Rs.754.30 in the month of August before stabilising to close for the month at Rs.692.65.

Timken India Stock Trend in 2016 and 2017

1. On the 1st of January 2016, Timken India share price was valued at Rs.547.45 and dropped about 100 points to touch Rs.444.15 during the month. The scrip witnessed its biggest drop in the month of March to touch Rs.408.50 before recovering to close for the month at Rs.436.
2. The scrip began rising after the shareholders meeting in the month of April with the stock price at the end of the month at Rs.514.10. With the board of directors recommending dividends for the fiscal, the share price of the company grew to touch Rs.566.75 at the end of June.
3. The results for the quarter ending 30 June 2017 led the stock to gain in the month of July coupled with the final dividend of 10%, the stock ended for trading at Rs.552.40 on the last day of September.
4. The scrip rose to touch a record high of Rs.617.40 in the month of October before declining in the month of November to touch Rs.520.25; however, it recovered in the month of December to end at Rs.597.20.
5. When the market opened for trading on the 2nd of January 2017, the stock price of Timken India stood at Rs.620.50. While the scrip remained stable in February, it tumbled in the month of March to touch Rs.608.60; however, with better-than-expected annual results, the stock rose to touch Rs.626.15 by the end of March.
6. In April, the scrip rose significantly to close for the month at Rs.723.75 before it declined by nearly 70 points. However, the stock inclined in the month of June to end the month at Rs.668.40 as investors were positive about the Q1 FY18 results.
7. The stock rose to touch a record high of Rs.780 in the month of July on expectations of higher profits; however, the company reported that its net profit was down by more than 22% which led the scrip to lose about 100 points to close at Rs.684.35 on the 14th of August. The scrip recovered in the month of September to close at Rs.772.20.
8. The scrip began the month of October with a price of Rs.776.05 and remained steady before inclining significantly in the month of November with the scrip gaining about 70 points to touch Rs.851.50. With a spurt in the volume of purchases of Timken shares, the scrip closed at Rs.879.95 on the last day of trading in December, up by more than 30 points.

Should You Invest in Timken India Ltd?

1. In the last two quarters - Q1 FY19 and Q4 FY18 - the net profit of the company has been on the rise with 44% incline in Q1 FY19 and 8% in Q4 FY18.
2. The EBITDA margin of 15.5% for the quarter ending 30 June 2018 was the highest in the last seven quarters. The top-line growth posted in Q4 FY18 was the highest in the past 12 quarters.
3. In both the said quarters, the company said that it has continued to be debt-free with robust cash flow.
4. The stock price of the company has reflected an upward trend in the last three years attributed by the solid financial results.
5. The leadership team of Timken India Ltd. are capable of taking strategic decisions to steer the company towards a profitable organisation.

Management Team of Timken India Ltd.

Board of Directors of the company

1. Mr. Sanjay Koul - Chairman & Managing Director

Mr. Sanjay Koul has been the MD of the company since 2012 and the Chairman of the board since 2014. He also serves as the Chief Executive Officer of the company. He is responsible for the company's operational and financial performance as well as manufacturing operations in India. Mr. Koul joined the company in 1990 as a Production Engineer. He holds a Bachelor's Degree in Mechanical Engineering from Birla Institute of Technology and Science in Pilani and a Master's Degree in business from Xavier Labour Relations Institute in Jamshedpur.

1. Mr. P S Dasgupta - Independent Director
2. Mr. Bushen Lal Raina - Independent Director
3. Mrs. Rupa Mahanty - Independent Director
4. Mr. Ajay K. Das - Director
5. Mr. Avishrant Keshava - Business Controller - India, CFO & Whole-time Director

Company Information

Timken India Ltd. is part of Timken Company, a leader in manufacturing bearings and related components. Timken Company operates in more than 33 countries with more than 17,000 employees. The company aims to offer friction management solutions that aid performance, fuel-efficiency and equipment life of automotive parts and accessories. The company has two manufacturing plant - Jamshedpur and Raipur - in India. The Timken Technology Centre in Bengaluru provides customers access to the latest technological advancements and engineering expertise.

Company History

The company was incorporated in 1987 as Tata Timken Ltd., a joint venture between Tata Iron and Steel Co. (TISCO) and The Timken Company. It commenced commercial production in 1992 at its Jamshedpur plant. Both the companies held a 40% stake in the company and the rest was held by the public. In 1999, the company changed its name to Timken India Ltd. ABC Bearings Ltd., which has manufacturing plants in Bharuch and Dehradun was merged with Timken India Ltd. in 2018.

Timken India Ltd. in NSE, BSE and Listings

The equity shared of Timken India Ltd. is available for trading in the National Stock Exchange of India (NSE) and the Bombay Stock Exchange of India (BSE). The codes for trading Timken India shares are as follows:

1. NSE Code - TIMKEN
2. BSE Code - 522113
3. ISIN - INE325A01013
4. Sector - Bearings

The stock indices of Timken India Ltd. are as follows:

1. S&P CNX 500

Registered Office

39-42, Electronic City,

Phase II, Hosur Road,

Bangalore-560100

Karnataka

Tel:+91(80)41362000

Fax:+91(80)41362010

Manufacturing Plants

Jamshedpur

Bara, PO Agrico,

Jamshedpur-831009,

Jharkhand

Tel:+91(657)2210293

Fax:+91(657)2210290

Raipur

1403/4 GE Road

Sy. No 46 & Sy No 1403/5,

Raipur, 490042

Bharuch

ABC Bearings Division

Narmadanagar,

Bharuch - 392 015,

Gujarat.

+91 (O) 2642 - 246353, 248222 / 3 / 4

+91 (O) 2642 - 247591, 248221

Dehradun

ABC Bearings Division

Plot No.:122 Mi,

Vill-Central Hope Town, Selaqui, Vikasnagar - 248197 DIST : Dehradun,

TAL : Vikasnagar

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DISCLAIMER:

The contents of this post/blog does not constitute financial or other professional advice nor does it imply in any manner a principal-agent relationship, and is not a professional advice on a specific financial matter.