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Indian listed subsidiary of US-based Timken, manufacturing bearings for automotive, railways and industrial machinery.
Indian listed subsidiary of US-based Timken, manufacturing bearings for automotive, railways and industrial machinery.
Sells bearings to vehicle and equipment makers for fitting and through distributors for replacement, and exports some to the Timken group. The US parent holds the majority, and the business grew from a former joint venture with Tata.
Moat: narrow (process know-how, customer qualification, brand). Timken's global engineering/metallurgy know-how and OEM qualification support premium positioning.
Headquarters: Jamshedpur, India · Founded: 1996 · Employees: 1,241
Size Timken India (TIMKEN.NS) is an India Industrials company (Industrial Machinery) with a market value of $2.43B, the 332nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹3,058 on 6 Nov 2026.
Performance Over six months the shares fell 11.6%, against -21.5% for the median peer and 0.0% for the India market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 19.0% over the last twelve months (peer median +11.1%); the operating margin is 15.5% (peer median 7.5%).
Valuation It trades at 46.1× forward earnings against a peer median of 20.4× (4th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 36% a year for seven years (Req g). Recent delivered growth is +20%, so the hurdle is +16 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.1 points above its cost of capital (13.4% WACC).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹38.0B | ₹34.6B | ₹31.8B | ₹29.0B | ₹27.9B |
| Revenue growth | — | +9% | +10% | +4% | — |
| Gross profit | ₹11.6B | ₹8.74B | ₹8.41B | ₹7.73B | ₹7.19B |
| EBITDA | ₹7.09B | ₹6.35B | ₹6.09B | ₹5.68B | ₹5.49B |
| Net income | ₹4.53B | ₹4.15B | ₹4.62B | ₹3.92B | ₹3.91B |
| Free cash flow | n/a | ₹1.69B | ₹598M | ₹1.29B | ₹2.91B |
| Capital expenditure | n/a | ₹2.97B | ₹3.78B | ₹2.62B | ₹620M |
| Total debt | ₹135M | ₹146M | ₹176M | ₹254M | ₹305M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Timken India TIMKEN.NS | $2.43B | -12% | +19% | 16% | 46.1× | 36.2% |
| SKF India SKFINDIA.NS | $747M | -18% | -53% | 8% | 27.3× | 32.5% |
| Schaeffler India SCHAEFFLER.NS | $5.83B | -17% | +23% | 15% | 40.4× | 29.7% |
| NRB Bearings NRBBEARING.NS | $442M | +44% | +14% | 13% | 28.2× | 27.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TIMKEN.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.4% | -10.1% | 7th highest of 21 |
| 6-month return | -11.6% | -21.5% | 4th highest of 21 |
| Distance from 52-week high | -22.1% | -42.3% | 2nd highest of 21 |
| Revenue growth (TTM) | +19.0% | +11.1% | 8th highest of 21 |
| Operating margin | 15.5% | 7.5% | 5th highest of 21 |
| Forward P/E | 46.1× | 20.4× | 4th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 36.2% | 12.9% | 2nd most demanding of 14 |
| Growth delivered (Del g) | +19.8% | +9.4% | 2nd highest of 14 |
| Hurdle (Req g minus delivered) | +16.4 pp | +3.4 pp | 4th most demanding of 14 |
| ROIC minus cost of capital | +3.1 pp | -0.2 pp | 5th highest of 21 |
| EV / EBITDA | 31.7× | 13.0× | 4th most expensive of 13 |
| Net debt / EBITDA | -0.7× | 0.1× | 4th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Timken India TIMKEN.NS | India | $2.43B | -12% | +19% | 16% | 46.1× | 36.2% | +19.8% |
| Japan Steel Works 5631.T | Japan | $2.41B | -46% | -1% | 10% | 17.0× | n/a | n/a |
| Doosan Robotics 454910.KS | South Korea | $2.41B | -54% | +97% | -91% | n/a | n/a | n/a |
| Munters MTRS.ST | Sweden | $2.40B | -34% | 0% | 9% | 26.2× | 12.4% | +16.0% |
| Wonik IPS 240810.KS | South Korea | $2.39B | -43% | +9% | 8% | 14.7× | 29.4% | -3.6% |
| Amber Enterprises India AMBER.NS | India | $2.39B | -28% | +15% | 5% | 59.6× | n/a | n/a |
| Yantai Eddie Precision Machinery 603638.SS | China | $2.38B | -22% | +35% | 16% | 28.8× | 15.1% | +7.3% |
| ROBOTIS 108490.KS | South Korea | $2.37B | -30% | +52% | -16% | n/a | n/a | n/a |
| Guangdong Dongfang Precision Science & Technology 002611.SZ | China | $2.50B | -19% | -16% | 8% | 20.2× | 17.8% | +12.4% |
| Organo 6368.T | Japan | $2.36B | -14% | +10% | 19% | 12.1× | 12.8% | +12.0% |
| All Ring Tech 6187.TWO | Taiwan | $2.52B | -36% | +1% | 29% | 25.0× | 26.4% | +28.9% |
| Chengdu Xuguang Electronics 600353.SS | China | $2.32B | +8% | +13% | 7% | 64.5× | 53.1% | +12.8% |
| Dmg Mori 6141.T | Japan | $2.53B | -13% | +20% | 4% | 23.5× | 12.9% | +9.4% |
| Chervon 2285.HK | Hong Kong | $2.32B | +103% | -6% | 8% | 15.7× | 12.1% | +6.4% |
| Zhuhai Bojay Electronics 002975.SZ | China | $2.32B | -13% | +71% | 18% | 41.2× | 34.2% | +6.0% |
| China Baoan 000009.SZ | China | $2.56B | -23% | +26% | 7% | n/a | n/a | n/a |
| CECO Environmental CECO | United States | $2.56B | -47% | +38% | 6% | 16.5× | n/a | n/a |
| Jungheinrich AG Pref JUN3.DE | Germany | $2.58B | -12% | +2% | 5% | 10.3× | -0.4% | +7.6% |
| Kalmar KALMAR.HE | Finland | $2.27B | -7% | +7% | 12% | 13.6× | -4.8% | -3.6% |
| Harmonic Drive Systems 6324.T | Japan | $2.60B | -18% | +12% | 7% | 62.4× | n/a | n/a |
| Shanghai Zhenhua Heavy Industries 600320.SS | China | $2.64B | -21% | +6% | 5% | 20.4× | -4.9% | +9.7% |