Timken India Ltd
TIMKENTimken India Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
The sharpest disagreement: Foreign institutions moved −5.2 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced.
The price is in a confirmed uptrend (22 weeks in). Underneath, the last four quarters read improving — profit −16.8% year on year, and 96% of the last 2 years' profit arrived as cash. What settles it: whether the register turns back in the story’s favour.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Timken India Ltd trades at ₹3,145, in a confirmed uptrend and 22 weeks into that stage. That is −4.4% against its own 200-day average. It sits at 25% of a 52-week range of ₹2,946 to ₹3,760. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (6 weeks and counting).
Today the stock is in a confirmed uptrend — week 22 of stage 2, confirmed. At ₹3,145 it trades −4.4% versus its 200-day average and sits at 25% of its 52-week range (₹2,946–₹3,760).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +619% while the NIFTY 500 moved +274% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (6 weeks and counting; last ahead the week of 2026-06-25) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Timken India Ltd trades at 57.0× P/E, against too little history to rank. Its long-run median P/E is 57.2×, measured across 0.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 57.0× is against too little history to rank, against a long-run median of 57.2× measured over 0.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved −10.2% against a −0.3% price move — the price outran earnings, pushing the multiple UP its own range.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
The PEG ratio and its quarterly curve, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 4.3% on reported income across 5 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Timken India Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read.
Why it matters: with too little history, an honest page says so instead of guessing a trajectory.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +8.8% | — | — | — |
| Profit | −10.2% | — | — | — |
| EPS | −10.2% | — | — | — |
| Share price | −0.3% | −2.4% | +15.0% | +18.0% |
4-Factor Sector Score
44.0/100 — rank 7 of 7 in Bearings · 48% evidence confidence · provisional, ranked below fully-evidenced peers
Timken India Ltd scores 44.0 out of 100 against the 7 companies it is compared with in Bearings, ranking 7. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
The four contributions add to the total exactly: 17.4 + 16 + 8.5 + 2.1 = 44. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Timken India Ltd reported ₹1,090 Cr of revenue in the Mar 26 quarter, +14.6% year on year. That is the 2nd straight quarter of year-on-year growth. Over 1 years it has compounded at 8.8% a year. The last full year, FY26, came in at ₹3,478 Cr. The last four reported quarters add to ₹3,607 Cr.
FY26 revenue came in at ₹3,478 Cr (+8.8% on the year), capping 1 years at 8.8% compound. The latest quarter (Mar 26) printed ₹1,090 Cr, +14.6% year on year — the 2nd consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +14.4% growth against the decade's 8.8% — the current year is running faster than its own long-run rate.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Timken India Ltd's operating margin is 22.0% in the Mar 26 quarter, −1.0 percentage points against the same quarter a year ago. Across the last four quarters the operating margin has moved +6.0 percentage points.
The latest quarter's operating margin is 22.0%, −1.0 pp against the same quarter a year ago. Across 2 fiscal years the operating margin has ranged 18.0%–19.0%.
Why the margin moved: operating margin went +6.0 pp year on year while gross margin went +0.7 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Timken India Ltd earned ₹158 Cr of net profit in the Mar 26 quarter, −16.8% year on year. Full-year FY26 profit was ₹415 Cr. The 1-year compound rate is −10.2%. That is 14.5% of the quarter's revenue. The same quarter a year earlier earned ₹78.0 Cr.
Mar 26 profit was ₹158 Cr, −16.8% year on year. On the full year, FY26 printed ₹415 Cr (−10.2%), and the 1-year compound rate is −10.2%.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 2 fiscal years 96% of Timken India Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹446 Cr of operating cash against ₹415 Cr of profit. After ₹251 Cr of capital spending, ₹195 Cr was left as free cash.
FY26: operating cash of ₹446 Cr against reported profit of ₹415 Cr, leaving free cash of ₹195 Cr after ₹251 Cr of capital spending. Across the last 2 fiscal years the conversion rate is 96% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 96%: the cash cycle tightened 12 days between FY25 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.
Router verdict: the bigger cash user is investment — capital spending ran 2.4× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Timken India Ltd's cash conversion cycle runs 116 days in FY26, down from 128 days in FY25. Capital spending ran ₹251 Cr over the last 1 years. At FY26 sales of ₹3,478 Cr each day of that cycle holds about ₹9.5 Cr, so roughly ₹1,105 Cr sits inside the business at any moment.
FY26: debtors at 85 days, inventory at 135 days — roughly 4.4 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 116 days, tighter than FY25's 128.
The full loop: cash goes out to suppliers and production on day 0; stock waits 135 days to sell; customers pay about 85 days after that; and suppliers themselves are paid at 105 days — netting out to the 116-day cycle.
In money terms: at FY26 sales of ₹3,478 Cr, each day of the cycle holds about ₹9.5 Cr — so the 116-day loop keeps roughly ₹1,105 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹251 Cr over the last 1 fiscal years against ₹106 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹101 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Timken India Ltd earns a ROCE of 19% in FY26. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 11.9% net margin on 0.94× asset turns.
FY26 ROCE is 19%.
Why the return is what it is — the wiring (FY26): 11.9% net margin × 0.94× asset turns × 1.27× balance-sheet leverage ≈ 14.2% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 4.3% on reported income across 5 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Timken India Ltd carries ₹15.0 Cr of borrowings against ₹2,914 Cr of equity in FY26, a debt-to-equity of 0.01. Operating profit covers the interest bill north of 100×. Over 1 years borrowings went from ₹18.0 Cr to ₹15.0 Cr. Capital spending ran ₹251 Cr across the last 1 of those years.
FY26: borrowings of ₹15.0 Cr against equity of ₹2,914 Cr — a debt-to-equity of 0.01. Operating profit covers the interest bill north of 100×. Over 1 years borrowings went from ₹18.0 Cr to ₹15.0 Cr while capital spending ran ₹251 Cr in just the last 1 — the build-out is being paid for out of cash, not debt.
The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 4.3% on reported income across 5 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Foreign institutions cut 5.2 points of Timken India Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 7.3% of the company. Domestic institutions moved +4.7 points over the same window, to 30.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: −5.2 points over 8 quarters to 7.3%; Domestic institutions: +4.7 points over 8 quarters to 30.3%; Promoters: +0.0 points over 8 quarters to 51.0%.
Why the register moved: rotation — foreign institutions −5.2 points against domestic institutions +4.7 points over 8 quarters, with promoters holding steady — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Timken India Ltd: the Z-score is withheld — it comes from the second data source this page could not reconcile, and a solvency score is not worth printing on a number two sources dispute. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
The safety line in one sentence: the Z-score is withheld — it comes from the second data source this page could not reconcile, and a solvency score is not worth printing on a number two sources dispute.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Schaeffler India LtdSCHAEFFLER | 64.4/100Mixed-positive evidence100% evidence | ASLEEP | 27.9/35 Revenue 19.7% · PAT 23.8% · OPM change 0 pp 100% evidence | 19.6/25 ROCE 27.3% · OPM 18% 100% evidence | 10.0/20 P/E 50.9× · PEG 2.13 100% evidence | 6.9/20 RS sector -3.9% · RS bench 0.4% · 1Y 1.1%3 of 12 weeks ahead 100% evidence |
| Exact sum: 27.9 + 19.6 + 10 + 6.9 = 64.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -3.9% and the one-year return is 1.1%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 2NRB Bearings LtdNRBBEARING | 62.9/100Mixed-positive evidence88% evidence | LEADER | 17.9/35 Revenue 11.3% · PAT 74.7% · OPM change 0 pp 65% evidence | 11.8/25 ROCE 18.4% · OPM 18% 100% evidence | 13.2/20 P/E 27.1× · PEG 0.59 100% evidence | 20.0/20 RS sector 28.2% · RS bench 33% · 1Y 41.8%12 of 12 weeks ahead 100% evidence |
| Exact sum: 17.9 + 11.8 + 13.2 + 20 = 62.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Harsha Engineers International LtdHARSHA | 57.0/100Mixed-positive evidence88% evidence | FADING | 23.6/35 Revenue 15.5% · PAT 72.2% · OPM change 6 pp 65% evidence | 8.0/25 ROCE 13% · OPM 15% 100% evidence | 14.8/20 P/E 26.2× · PEG 1.72 100% evidence | 10.6/20 RS sector -3.4% · RS bench 1% · 1Y -2.2%9 of 12 weeks ahead 100% evidence |
| Exact sum: 23.6 + 8 + 14.8 + 10.6 = 57 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Rolex Rings LtdROLEXRINGS | 45.7/100Mixed-negative evidence96% evidence | ASLEEP | 10.0/35 Revenue -1% · PAT -18.9% · OPM change 0 pp 88% evidence | 17.9/25 ROCE 21.2% · OPM 18.4% 100% evidence | 7.3/20 P/E 20.8× · PEG 3.83 100% evidence | 10.5/20 RS sector -2% · RS bench 2.2% · 1Y -7.1%7 of 12 weeks ahead 100% evidence |
| Exact sum: 10 + 17.9 + 7.3 + 10.5 = 45.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5SKF India LtdSKFINDIA | 34.3/100Adverse evidence87% evidence | ASLEEP | 11.7/35 Revenue -23.5% · PAT -53.2% · OPM change -17 pp 83% evidence | 14.1/25 ROCE 24.2% · OPM 6% 95% evidence | 5.5/20 P/E 25.1× · PEG 2.15 100% evidence | 3.0/20 RS sector -14.8% · RS bench -20.2% · 1Y -35.5%0 of 10 weeks ahead 70% evidence |
| Exact sum: 11.7 + 14.1 + 5.5 + 3 = 34.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6SKF India (Industrial) LtdSKFINDUS | 45.0/100Thin evidence · provisional38% evidence | TURNING | 12.4/35 Revenue — · PAT — · OPM change -13 pp 32% evidence | 13.1/25 ROCE 29.9% · OPM 9% 95% evidence | 9.5/20 P/E 36.5× · PEG — 15% evidence | 10.0/20 RS sector — · RS bench — · 1Y —5 of 10 weeks ahead 0% evidence |
| Exact sum: 12.4 + 13.1 + 9.5 + 10 = 45 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 7Timken India Ltdthis pageTIMKEN | 44.0/100Thin evidence · provisional48% evidence | ASLEEP | 17.4/35 Revenue — · PAT — · OPM change -1 pp 17% evidence | 16.0/25 ROCE 19% · OPM 22% 76% evidence | 8.5/20 P/E 57× · PEG — 15% evidence | 2.1/20 RS sector -7.8% · RS bench -3.6% · 1Y -7.2%3 of 12 weeks ahead 100% evidence |
| Exact sum: 17.4 + 16 + 8.5 + 2.1 = 44 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Timken India Ltd's share price today?
Timken India Ltd trades at ₹3,145, −0.3% over the past year. The company is valued at ₹23,659 Cr. The stock sits at 25% of its 52-week range of ₹2,946–₹3,760, −4.4% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 22 weeks in. — as of 31 July 2026.
What were Timken India Ltd's latest quarterly results?
Timken India Ltd reported revenue of ₹1,090 Cr and net profit of ₹158 Cr for the Mar 26 quarter. Revenue rose 14.6% and profit fell 16.8% year on year. Earnings per share were ₹21.05. The operating margin was 22.0%, 1.0 pp lower than a year earlier. — as of 31 July 2026.
What is Timken India Ltd's revenue?
Timken India Ltd reported revenue of ₹1,090 Cr in the Mar 26 quarter, +14.6% year on year. For the full FY26 fiscal year, revenue was ₹3,478 Cr (+8.8%). Over the last 1 years revenue compounded at 8.8% a year. — as of 31 July 2026.
What is Timken India Ltd's profit?
Timken India Ltd earned ₹158 Cr of net profit in the Mar 26 quarter, −16.8% year on year. Full-year FY26 profit was ₹415 Cr. The operating margin ran 22.0% in the latest quarter. — as of 31 July 2026.
What is Timken India Ltd's market cap?
Timken India Ltd's market capitalisation is ₹23,659 Cr at a share price of ₹3,145. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.
Does Timken India Ltd pay a dividend?
Yes — Timken India Ltd's dividend payout was 5% of profit in FY26, and it recorded a payout in each of its last 2 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 31 July 2026.
Is Timken India Ltd growing?
Yes — Timken India Ltd is growing: latest-quarter revenue +14.6% year on year, profit −16.8%, and the margin −1.0 pp at 22.0%. The 1-year compound rates are 8.8% (revenue) and −10.2% (profit). The earnings engine currently reads: improving — as of 31 July 2026.
How is Timken India Ltd performing?
Timken India Ltd is in a confirmed uptrend, 22 weeks in. Its latest quarter's revenue rose 14.6% and profit fell 16.8% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 6 weeks. This describes what the data did, not a rating. — as of 31 July 2026.
Is Timken India Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 22 of stage 2), trading −4.4% versus its 200-day average and at 25% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 31 July 2026.
Is Timken India Ltd beating the market?
Not lately — on a trailing-13-week view Timken India Ltd is currently behind the NIFTY 500 (6 weeks and counting; last ahead the week of 2026-06-25), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +619% against the NIFTY 500's +274% — ahead of the index over the full window. — as of 31 July 2026.
Will Timken India Ltd's share price go up?
This page publishes no price forecast for Timken India Ltd. What it measures instead: the share price is ₹3,145, the price is in a confirmed uptrend 22 weeks in. Direction is not something this site claims to know. — as of 31 July 2026.
Who owns Timken India Ltd?
Promoters hold 51.0% of Timken India Ltd, foreign institutions 7.3%, domestic institutions 30.3% and the public 11.3% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 5.2 points over 8 quarters. — as of 31 July 2026.
Does Timken India Ltd have too much debt?
No — Timken India Ltd's debt-to-equity is 0.01, and operating profit covers the interest bill north of 100×. FY26 borrowings were ₹15.0 Cr against equity of ₹2,914 Cr. The returns on this page are earned, not borrowed — as of 31 July 2026.
What is Timken India Ltd's capex?
Timken India Ltd spent ₹251 Cr on capital expenditure over the last 1 fiscal year, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹251 Cr, with ₹101 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 31 July 2026.
What is Timken India Ltd's cash flow?
Timken India Ltd generated ₹446 Cr of operating cash flow in FY26 and ₹195 Cr of free cash flow after ₹251 Cr of capital spending. Reported profit that year was ₹415 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 31 July 2026.
Is Timken India Ltd's profit real cash?
Yes — over the last 2 fiscal years, 96% of Timken India Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹446 Cr against reported profit of ₹415 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 31 July 2026.
Where is Timken India Ltd in its business cycle?
Timken India Ltd's FY26 operating margin was 18.0%, against a 2-year band of 18.0%–19.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 22.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 31 July 2026.
What could break the Timken India Ltd story?
The sharpest disagreement: Foreign institutions moved −5.2 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 31 July 2026.
Is Timken India Ltd a stock worth studying right now?
This is not investment advice. The machine read: Timken India Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the register turns back in the story’s favour. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.