Timex Group India Ltd.

•

timexindia.comBSE: 500414NSE: TIMEX

Market Cap₹ 6,124 Cr.

Current Price

High / Low₹ 688 / 318

Stock P/E71.4

Book Value₹ 10

Price to Book32.82

Dividend Yield0.00 %

ROCE83.2 %

ROE150.0 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2017 • Watches: 99.3% • Others: 0.7%

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Company has a good return on equity (ROE) track record: 3 Years ROE 115.4%
Company has a healthy return on capital (ROCE) of 55.7%
Latest quarter profit grew 70.6% YoY, showing strong momentum
Company has delivered good sales growth of 41.5% CAGR over last 5 years
Operating margins have improved to 12.4% from 8.9%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.94x)

CONS

Promoter holding has decreased over last 2 years: -23.9pp
Stock is trading at 32.8x its book value
Though reporting repeated profits, the company pays out little dividend (0.0%)
Expensive relative to growth - PEG of 4.1

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesConsumer DurablesWatches & Accessories

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	TIMEX	606.65	71.39	6124.13	0.00	25.02	70.55	218.90	29.57	83.18	16.09
2.	KDDL	3960.60	50.20	4871.25	0.58	44.75	50.67	633.80	36.30	21.91	15.03

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	106	126	94	92	109	174	120	135	169	244	151	235	219
	99	110	95	82	104	149	116	121	147	201	141	195	186
Operating Profit	7	16	-1	10	4	25	4	14	22	43	10	40	33
OPM %	6.89%	12.74%	-0.75%	10.53%	3.90%	14.44%	3.51%	10.62%	12.81%	17.46%	6.33%	17.16%	15.18%
	0	1	0	1	1	0	0	1	0	0	-2	-1	1
Interest	1	1	1	1	1	1	1	1	1	1	1	1	1
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1
Profit before Tax	6	15	-2	9	3	24	3	13	20	41	5	37	34
Tax %	25.04%	25.17%	25.13%	24.52%	25.23%	25.32%	26.24%	29.14%	26.17%	25.71%	33.33%	25.26%	25.93%
Net Profit	4	11	-1	7	2	18	2	9	15	30	3	27	25
	0.24	0.91	-0.15	0.35	0.06	1.70	0.07	0.79	1.33	2.87	0.19	2.90	2.44

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	200	207	242	252	141	264	383	419	538	799	849
	199	197	230	248	144	256	345	386	490	684	723
Operating Profit	2	11	11	4	-4	8	38	32	48	114	126
OPM %	0.77%	5.12%	4.68%	1.44%	-2.52%	3.06%	9.99%	7.75%	8.93%	14.30%	14.81%
	0	1	0	0	1	1	0	3	2	-3	-3
Interest	3	2	2	3	2	2	5	4	4	6	5
Depreciation	2	2	2	3	4	4	4	4	3	3	4
Profit before Tax	-3	8	8	-2	-8	3	30	28	43	102	116
Tax %	-0.00%	0.00%	10.66%	-0.00%	1.23%	0.00%	-56.79%	24.93%	26.54%	26.00%	25.95%
Net Profit	-3	8	7	-2	-8	3	47	21	31	75	86
EPS	-0.99	0.75	-0.11	-1.03	-1.64	-0.39	3.90	2.06	3.11	4.96	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 17%
5 Years:: 41%
3 Years:: 28%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 17%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 35%
5 Years:: 69%
3 Years:: 115%
Last Year:: 150%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	10	10	10	10	10	10	10	10	10	10
	-78	-71	-64	-66	-74	-71	-24	-3	15	65
	25	28	27	32	14	34	34	10	41	36
Trade Payables	51	67	53	66	58	56	66	69	73	121
	89	87	95	100	98	101	91	106	105	95
Total Liabilities	97	121	122	143	106	130	177	191	244	328
	8	7	8	23	20	17	17	15	12	11
	37	45	45	43	33	54	96	106	151	197
	0	0	0	0	0	0	0	51	55	58
Cash & Bank	4	3	2	0	1	0	1	4	0	34
	47	66	66	77	51	59	64	15	26	27
Total Assets	97	121	122	143	106	130	177	191	244	328

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-23	-1	6	10	22	-18	10	32	-3	91
Cash from Investing	-1	-0	-4	-1	-0	-1	-1	-1	-0	-1
Cash from Financing	24	0	-3	-10	-21	18	-8	-28	-0	-56
	-0	-1	-1	-2	1	-1	1	3	-4	34

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.93	74.93	74.93	74.93	59.93	59.93	51.00	51.00	51.00
	0.47	0.22	0.10	0.11	1.10	1.61	2.02	1.32	2.50
	0.16	0.01	0.01	0.01	0.15	0.48	0.49	0.51	1.37
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	24.44	24.84	24.96	24.95	38.82	37.98	46.49	47.17	45.12

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for TIMEX

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AI Stock Analyst

Timex Group India Ltd.

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Free 5nance Account

Name

TIMEX

606.65

71.39

6124.13

0.00

25.02

70.55

218.90

29.57

83.18

16.09

KDDL

3960.60

50.20

4871.25

0.58

44.75

50.67

633.80

36.30

21.91

15.03

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

106

126

109

174

120

135

169

244

151

235

219

110

104

149

116

121

147

201

141

195

186

Operating Profit

-1

OPM %

6.89%

12.74%

-0.75%

10.53%

3.90%

14.44%

3.51%

10.62%

12.81%

17.46%

6.33%

17.16%

15.18%

-2

-1

Interest

Depreciation

Profit before Tax

-2

Tax %

25.04%

25.17%

25.13%

24.52%

25.23%

25.32%

26.24%

29.14%

26.17%

25.71%

33.33%

25.26%

25.93%

Net Profit

-1

0.24

0.91

-0.15

0.35

0.06

1.70

0.07

0.79

1.33

2.87

0.19

2.90

2.44

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

200

207

242

252

141

264

383

419

538

799

849

199

197

230

248

144

256

345

386

490

684

723

Operating Profit

-4

114

126

OPM %

0.77%

5.12%

4.68%

1.44%

-2.52%

3.06%

9.99%

7.75%

8.93%

14.30%

14.81%

-3

Interest

Depreciation

Profit before Tax

-3

-2

-8

102

116

Tax %

-0.00%

0.00%

10.66%

-0.00%

1.23%

0.00%

-56.79%

24.93%

26.54%

26.00%

25.95%

Net Profit

-3

-2

-8

EPS

-0.99

0.75

-0.11

-1.03

-1.64

-0.39

3.90

2.06

3.11

4.96

—

Dividend Payout %

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-78

-71

-64

-66

-74

-71

-24

-3

Trade Payables

121

100

101

106

105

Total Liabilities

121

122

143

106

130

177

191

244

328

106

151

197

Cash & Bank

Total Assets

121

122

143

106

130

177

191

244

328

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-23

-1

-18

-3

Cash from Investing

-1

-0

-4

-1

-0

-1

-0

-1

Cash from Financing

-3

-10

-21

-8

-28

-0

-56

-0

-1

-2

-1

-4

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

74.93

59.93

51.00

0.47

0.22

0.10

0.11

1.10

1.61

2.02

1.32

2.50

0.16

0.01

0.15

0.48

0.49

0.51

1.37

Government

0.00

24.44

24.84

24.96

24.95

38.82

37.98

46.49

47.17

45.12

Timex Group India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Timex Group India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI