Timex Group India share price today

Timex Group India Ltd's share price was ₹697.40 at the close on 5 November 2026. It has been rising for 25 weeks. That is 36.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹258 and ₹732, and at that close it sat 93% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Timex Group India Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 36 weeks in a row.

Over the last 11 years the share price moved +2,272% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare), indian funds and insurers (DIIs) raised their stake for 6 quarters in a row and profit up on a year earlier for 8 quarters in a row.

1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹219 crore, +29.6% on a year earlier.

   Why: Revenue rose because online and trade sales grew strongly, more than making up for fewer orders from other brands it makes watches for.

   Next results: check whether the delayed orders from other brands come back in the next quarter.

   From the earnings call on 3 Aug 2026.

2. Indian funds and insurers (DIIs) raised their stake for 6 quarters in a row

   From 0% to 2.4% of the company by the September 2026 quarter.

3. Profit up on a year earlier for 8 quarters in a row

   In the June 2026 quarter profit was ₹25 crore, +66.7% on a year earlier.

   Why: Profit rose because price increases covered higher costs for gold, silver, copper, watch movements and foreign exchange.

   Next results: check whether the share of sales left as profit stays above management's 15 to 16 percent range or falls as marketing spend goes to about 9% of revenue.

   From the earnings call on 3 Aug 2026.

For July to September 2026 (the quarter ended 30 September 2026), Timex Group India reported revenue of ₹358 crore, up 46.7% from ₹244 crore a year earlier, and a profit of ₹47.0 crore, up 56.7% from ₹30.0 crore.

Timex Group India results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 3 August 2026, about April to June 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Timex Group India closed at ₹697.40 on 5 November 2026, up 72.9% from ₹403.25 a year earlier (7 November 2025) and up 875.4% over five years. Its highest weekly close since March 2016 was ₹732.20 on 25 September 2026.

Timex Group India share price: then and now

Weekly closing prices. Each change is the move from that price to the 5 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

561 weekly closes from 11 March 2016 to 5 November 2026.

5 Nov 2026: Timex Group India closed at ₹697.40, up 15.1% on the week and down 3.9% on the month. Results for July to September 2026: Revenue up 46.7% and profit up 56.7% on a year earlier.

Earlier

• 3 Aug 2026: Timex Group India held its results call for April to June 2026. Management guided: OEM business delayed by Diwali phasing expected to return in the next quarter.
• Our read, 31 May 2026: FY26 full-year revenue ₹799 crore (+48% on a year earlier) and profit ₹75 crore (+139% on a year earlier) confirm the operating leverage thesis, operating profit at 14% annual margin vs 9% in FY25.,April to June 2026 concall is TIMEX's first formal transcript, upgrading evidence quality from Bronze-web-fallback to Bronze-concall; management goals ₹400-500 crore absolute operating profit and 200-300 store expansion in 2-3 years.,An intra-call OEM contradiction (pillar vs non-pillar in the same call) and two OFS events reducing promoter from 74.93% to 59.93% keep the management score capped at 5/10.

Our read of the business

FY26 full-year revenue ₹799 crore (+48% on a year earlier) and profit ₹75 crore (+139% on a year earlier) confirm the operating leverage thesis, operating profit at 14% annual margin vs 9% in FY25.,April to June 2026 concall is TIMEX's first formal transcript, upgrading evidence quality from Bronze-web-fallback to Bronze-concall; management goals ₹400-500 crore absolute operating profit and 200-300 store expansion in 2-3 years.,An intra-call OEM contradiction (pillar vs non-pillar in the same call) and two OFS events reducing promoter from 74.93% to 59.93% keep the management score capped at 5/10.

Latest quarter: January to March 2026 surprises at 17% operating margin, year-end quarter at festive-quarter margin levels; FY26 full year: ₹799 crore revenue (+48%), profit ₹75 crore (+139%)

Our read after the latest results, written 31 May 2026.

Timex Group India has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

No. Timex Group India Ltd paid out 0% of its profit as dividends in each of its last 13 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 3 August 2026, Timex Group India's management guided: OEM business delayed by Diwali phasing expected to return in the next quarter.

“Today, we believe there is significant growth potential, and we want to remain competitive so that we generate more rupees of EBITDA rather than focus on the percentage EBITDA margin.”Deepak Chhabra, Managing Director, on the call for April to June 2026

What management guided

• Baddi physical infrastructure for 15 million units planned by March next year, with 10 million single-shift capacity initially and staged expansion to 15 million within 45 days; project estimate US$1 million or around ₹9 crore.
• Guess local production to begin in January for the top 50 SKUs, representing approximately 50-55% of Guess contribution; long tail remains imported.
• Basic Swiss brand launch planned for January-February at ₹25,000-60,000; company-owned with no license.
• Just Watches rollout goals 250-300 stores across online and offline formats over three years, with larger expansion beginning in January.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 3 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

What is changing at Timex Group India, from the latest results and calls: operating leverage from fully depreciated baddi plant, premiumisation + asp uplift and e-commerce + quick commerce compounding.

• Operating Leverage from Fully Depreciated Baddi Plant. FY26 profit grew 2.4x while revenue grew 1.48x, the plant's fixed-cost absorption is now confirmed across 4 full quarters, not just festive peaks. ⚠ estimate
• Premiumisation + ASP Uplift. Annual operating margin expanded from 9% (FY25) to 14% (FY26), balanced 24% ASP and 24% volume growth in Timex brand confirmed in April to June 2026 concall. ⚠ estimate
• E-Commerce + Quick Commerce Compounding. E-commerce 90% on a year earlier to 40% of FY24 business; April to June 2026 concall confirmed 1P/3P/own-website split and quick commerce at 5% of e-commerce across 5 platforms. ⚠ estimate
• India Premium Watch TAM Expansion + Market Share Gain vs Titan. Analog watch industry growth re-accelerating to 13-13.5% (from 8-9% historical); Timex market share vs Titan now 27.5% in core duopoly segments. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 31 May 2026.

Two OFS in 6 months (Jun + Dec 2025) cut promoter stake from 74.93% to 59.93%; global parent Timex Group Luxury Watches BV is monetizing steadily.

The main risks

• Promoter OFS Overhang, Serial Stake Reduction: Two OFS in 6 months (Jun + Dec 2025) cut promoter stake from 74.93% to 59.93%; global parent Timex Group Luxury Watches BV is monetizing steadily. ✓ fact
• OEM Strategic Incoherence, Intra-Call Contradiction: In the same Jun 2026 concall, management called OEM a 'core pillar' then stated 'OEM is not a strategic pillar', first formal concall revealed a strategic communication inconsistency. ✓ fact
• Royalty Cost Escalation from Parent: July to September 2025 royalties ₹10.5 crore (+50% on a year earlier on +40% revenue), growing faster than revenue; FY25 royalty ceiling at ₹40 crore implies future relief as revenue scales beyond threshold. ✓ fact
• Seasonal operating margin Volatility, Q3 (Dec) Structurally Weak: October to December 2025 operating margin 6.3% vs July to September 2025 operating margin 17.5%, festive vs post-festive structural gap; April to June 2026 concall confirmed seasonality persists. ✓ fact

Our read after the latest results, written 31 May 2026.

When Timex Group India reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: OEM normalization in the next quarter - check delayed online-led orders return without inventory ageing deterioration.

Timex Group India is not on any of our India lists this week.

Timex Group India Ltd earned ₹47.0 Cr of net profit in the Sep 2026 quarter, +56.7% on the same quarter a year earlier. That is the 7th quarter in a row of profit growth. Full-year FY26 profit was ₹75.0 Cr. That is 13.1% of the quarter's revenue. The same quarter a year earlier earned ₹30.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

1 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹75.0 Cr (+141.9% on the year before).

Why profit moved: revenue changed +46.7% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +93.3% and revenue +44.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Timex Group India Ltd reported ₹358 Cr of revenue in the Sep 2026 quarter, +46.7% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 16.5% a year on average. The last full year, FY26, came in at ₹799 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. The Q1 FY27 concall gave the first formal breakdown: e-commerce is 40% of revenue, with 1P at 65%, 3P at 25%, own websites 3%. Quick commerce launched across Flipkart Minutes, Myntra Now, Swiggy Instamart, Zepto, Blinkit, now 5% of e-commerce. Management goals quick commerce to double within one year. The channel mix shift continues to improve working capital quality (partner-held inventory for 1P/3P) and reduces receivables risk.

The last four reported quarters add to ₹963 Cr.

FY26 revenue was ₹799 Cr, +48.5% on the year before.

Recent pace: the last four quarters grew +44.0% on average, against 16.5% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +44.2%, against +43.3% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +82.1%, against +98.1% a year (rolling over).

Timex Group India Ltd's operating margin was 18.0% in the Sep 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between −24.0% and 14.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. The Baddi plant is fully depreciated. FY26 annual OPM reached 14% vs 9% in FY25, a 500 bps structural improvement driven by fixed-cost leverage as revenue scaled from Rs 538 crore to Rs 799 crore. Q4 FY26 (Mar 2026) specifically shows revenue Rs 235 crore at 17% OPM, leverage is now appearing in both the festive quarter (Q2 Sep) and the year-end quarter (Q4 Mar), not just Q2. Management guided from the Q1 FY27 concall that capacity is being prepared to goal 15 million units eventually. Every incremental unit at the Baddi plant carries near-100% gross margin contribution above variable costs.

Why the margin moved: operating margin changed +0.5 percentage points on the year while gross margin changed −1.2 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

Over the last 3 years, 94% of Timex Group India Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹91.0 Cr of operating cash against ₹75.0 Cr of profit. After ₹2.0 Cr of spending on assets, ₹89.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 94% of profit came in as cash: the cash cycle got 103 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Timex Group India Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 88 days in FY26, up from −15 days in FY21. It spent ₹4.0 Cr on assets over the last 3 years. Customers take 27 days to pay, and stock sits for 158 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹799 Cr, each day of that cycle ties up about ₹2.2 Cr, so roughly ₹193 Cr is tied up in the business at any time.

FY26: customers took 27 days to pay and stock sat for 158 days, about 5.2 months of sales sitting as stock, for a full cycle of 88 days, longer than FY21's −15.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 158 days. Customers pay about 27 days after that. Suppliers are paid at 97 days. Together that makes the 88-day cycle.

Spending on assets: ₹4.0 Cr over the last 3 years, against ₹10.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Timex Group India Ltd's P/E is 66.3×, in the middle of its own history: higher than 61% of past readings. Its usual P/E (the middle reading) is 59.5×, over 9.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹10.18.