Nifty

:

23414.30

Sensex

:

74858.99

67.90 (0.29%)
564.03 (0.76%)

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Nifty
Sensex

:
:

23414.30
74858.99

67.90 (0.29%)
564.03 (0.76%)

Timex Group India Ltd.

Watches & Accessories

Rating :

91/99

BSE: 500414 | NSE: TIMEX

Watchlist

NSE BSE

709.65

21-Sep-2026

Open
High
Low
Previous Close

714.2
726.5
700
714.20

Volume
Traded Value (lacs)
52 Week High
52 Week Low

923419
659963361.75
729
318.05

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

7,164.93
83.52
1

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

7,160.45
N/A
71.36

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

14.84
24.74
23.99

EBITDA CAGR (%)

10 Years
5 Years
3 Years

53.82
69.77
28.61

PAT CAGR (%)

10 Years
5 Years
3 Years

-
87.91
53.54

P:E (Median)

8 Years
5 Years
3 Years

54.92
59.42
64.02

P:BV (Average)

8 Years
5 Years
3 Years

22.80
26.75
34.14

EV:EBITDA (Average)

8 Years
5 Years
3 Years

35.67
49.22
45.79

Earnings Forecasts:

(Updated: 21-09-2026)

Description 2026 2027 2028 2029
Adj EPS 7.3 11.6 15.7 20.7
P/E Ratio 97.21 61.18 45.20 34.28
Revenue 798.59 1103.7 1406.9 1718.5
EBITDA 116.2 160 216.7 281.8
Net Income 75.44 116.7 158.6 209.4
ROA 25.58 - - -
P/B Ratio 64.40 31.40 18.53 12.03
ROE 75.47 68.8 51.6 42.6
FCFF 89.72 - - -
FCFF Yield 1.45 - - -
Net Debt 1.55 - - -
BVPS 11.02 22.6 38.3 59

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 218.90 168.94 29.57% 235.20 135.41 73.69% 150.78 119.94 25.71% 243.67 174.08 39.98%
Expenses 183.67 147.30 24.69% 194.83 121.03 60.98% 141.23 115.73 22.03% 201.13 148.95 35.03%
EBITDA 35.23 21.64 62.80% 40.37 14.38 180.74% 9.55 4.21 126.84% 42.54 25.13 69.28%
EBIDTM 16.09% 12.81% 17.16% 10.62% 6.33% 3.51% 17.46% 14.44%
Other Income 0.55 0.31 77.42% 0.63 0.70 -10.00% 0.73 0.41 78.05% 0.37 0.09 311.11%
Interest 1.09 1.27 -14.17% 1.47 1.25 17.60% 1.40 1.17 19.66% 1.35 0.53 154.72%
Depreciation 0.91 0.81 12.35% 0.85 0.79 7.59% 0.87 0.82 6.10% 0.87 0.84 3.57%
PBT 33.78 19.87 70.01% 36.58 13.04 180.52% 4.80 2.63 82.51% 40.69 23.85 70.61%
Tax 8.76 5.20 68.46% 9.24 3.80 143.16% 1.60 0.69 131.88% 10.46 6.04 73.18%
PAT 25.02 14.67 70.55% 27.34 9.24 195.89% 3.20 1.94 64.95% 30.23 17.81 69.74%
PATM 11.43% 8.68% 11.62% 6.82% 2.12% 1.62% 12.41% 10.23%
EPS 2.48 1.45 71.03% 2.71 0.91 197.80% 0.32 0.19 68.42% 2.99 1.76 69.89%

Description Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var%
Net Sales 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Expenses 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBITDA 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
EBIDTM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other Income 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Interest 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Depreciation 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PBT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
Tax 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PAT 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0
PATM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0 0.00 0.00 0

Annual Results

Standalone Figures in Rs. Crores

Right to Left

Description TTM Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Net Sales 848.55 798.59 538.10 418.91 383.45 264.46 140.90 251.90 241.63 207.30 200.11 Net Sales Growth 41.81% 48.41% 28.45% 9.25% 44.99% 87.69% -44.07% 4.25% 16.56% 3.59% Cost Of Goods Sold 478.70 453.55 309.89 243.66 217.55 148.05 78.12 139.96 125.74 110.39 112.09 Gross Profit 369.85 345.04 228.21 175.25 165.90 116.41 62.78 111.94 115.89 96.91 88.02 GP Margin 43.59% 43.21% 42.41% 41.83% 43.27% 44.02% 44.56% 44.44% 47.96% 46.75% 43.99% Total Expenditure 720.86 684.36 490.06 386.45 345.14 256.36 144.45 248.27 230.32 196.69 198.57 Power & Fuel Cost - 1.04 1.10 0.87 0.78 0.69 0.51 0.67 0.63 0.60 0.61 % Of Sales - 0.13% 0.20% 0.21% 0.20% 0.26% 0.36% 0.27% 0.26% 0.29% 0.30% Employee Cost - 61.24 54.76 43.24 46.39 37.69 26.45 31.48 29.19 25.63 23.70 % Of Sales - 7.67% 10.18% 10.32% 12.10% 14.25% 18.77% 12.50% 12.08% 12.36% 11.84% Manufacturing Exp. - 31.19 24.13 2.46 2.89 1.99 1.32 2.12 1.84 1.34 1.66 % Of Sales - 3.91% 4.48% 0.59% 0.75% 0.75% 0.94% 0.84% 0.76% 0.65% 0.83% General & Admin Exp. - 50.28 42.61 37.88 34.20 28.20 20.58 30.88 26.09 22.79 22.50 % Of Sales - 6.30% 7.92% 9.04% 8.92% 10.66% 14.61% 12.26% 10.80% 10.99% 11.24% Selling & Distn. Exp. - 82.08 55.25 53.70 39.49 35.75 15.42 38.88 40.06 31.27 33.58 % Of Sales - 10.28% 10.27% 12.82% 10.30% 13.52% 10.94% 15.43% 16.58% 15.08% 16.78% Miscellaneous Exp. - 4.98 2.32 4.64 3.84 3.99 2.05 4.28 6.77 4.67 33.58 % Of Sales - 0.62% 0.43% 1.11% 1.00% 1.51% 1.45% 1.70% 2.80% 2.25% 2.21% EBITDA 127.69 114.23 48.04 32.46 38.31 8.10 -3.55 3.63 11.31 10.61 1.54 EBITDA Margin 15.05% 14.30% 8.93% 7.75% 9.99% 3.06% -2.52% 1.44% 4.68% 5.12% 0.77% Other Income 2.28 2.04 1.72 2.77 0.33 1.08 1.21 0.39 0.27 0.75 0.14 Interest 5.31 5.62 3.69 3.89 5.37 2.39 2.23 2.85 1.63 2.17 2.88 Depreciation 3.50 3.40 3.30 3.58 3.60 3.57 3.54 2.97 1.60 1.67 2.07 PBT 115.85 107.25 42.77 27.76 29.67 3.22 -8.11 -1.80 8.35 7.52 -3.27 Tax 30.06 26.50 11.35 6.92 -16.85 0.00 -0.10 0.00 0.89 0.00 0.00 Tax Rate 25.95% 26.00% 26.54% 24.93% -56.79% 0.00% 1.23% 0.00% 10.66% 0.00% 0.00% PAT 85.79 75.44 31.42 20.84 46.52 3.22 -8.01 -1.80 7.46 7.52 -3.27 PAT before Minority Interest 85.79 75.44 31.42 20.84 46.52 3.22 -8.01 -1.80 7.46 7.52 -3.27 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 10.11% 9.45% 5.84% 4.97% 12.13% 1.22% -5.68% -0.71% 3.09% 3.63% -1.63% PAT Growth 96.50% 140.10% 50.77% -55.20% 1,344.72% - - - -0.80% - EPS 8.49 7.47 3.11 2.06 4.61 0.32 -0.79 -0.18 0.74 0.74 -0.32

Results Balance Sheet

Standalone Figures in Rs. Crores

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Shareholder's Funds 111.28 84.00 81.29 60.52 15.57 12.55 20.68 22.48 15.28 7.98 Share Capital 45.99 68.89 84.59 84.59 86.20 86.20 86.20 86.20 86.20 86.20 Total Reserves 65.29 15.11 -3.30 -24.07 -70.63 -73.65 -65.52 -63.72 -70.92 -78.22 Non-Current Liabilities 43.54 40.31 15.63 8.71 18.71 18.63 19.15 6.53 5.62 5.25 Secured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Unsecured Loans 29.49 29.30 1.82 1.67 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 17.18 12.25 15.87 14.28 8.63 7.57 7.18 6.41 5.44 5.25 Current Liabilities 172.93 119.60 94.32 108.25 96.12 74.52 102.92 92.85 100.25 83.53 Trade Payables 120.79 73.13 69.11 66.02 56.07 57.61 65.83 53.13 66.54 51.03 Other Current Liabilities 37.57 31.20 16.97 13.79 12.51 11.36 14.14 10.08 3.73 6.17 Short Term Borrowings 0.00 4.56 0.00 22.97 23.76 2.91 20.42 26.87 28.29 25.14 Short Term Provisions 14.57 10.71 8.24 5.47 3.78 2.64 2.53 2.77 1.69 1.19 Total Liabilities 327.75 243.91 191.24 177.48 130.40 105.70 142.75 121.86 121.15 96.76 Net Block 11.34 12.16 14.89 16.56 17.29 19.61 22.57 8.37 7.30 8.44 Gross Block 24.41 24.68 24.39 24.80 24.66 27.96 27.45 12.44 10.62 10.25 Accumulated Depreciation 13.07 12.52 9.50 8.24 7.37 8.35 4.88 4.07 3.32 1.81 Non Current Assets 13.90 14.57 16.82 18.30 18.26 20.57 24.11 12.67 11.05 12.74 Capital Work in Progress 0.17 0.06 0.00 0.16 0.00 0.00 0.00 0.00 0.05 0.00 Non Current Investment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 2.39 2.35 1.90 1.58 0.97 0.96 1.33 2.61 2.18 2.56 Other Non Current Assets 0.00 0.00 0.03 0.00 0.00 0.00 0.21 1.69 1.52 1.74 Current Assets 313.85 229.34 174.42 159.18 112.14 85.13 118.64 109.19 110.10 84.02 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 196.93 151.31 106.25 95.88 53.57 33.27 42.56 45.48 45.06 36.76 Sundry Debtors 58.16 54.67 51.14 52.37 48.60 38.00 62.70 53.50 59.09 41.26 Cash & Bank 33.97 0.02 3.93 1.30 0.36 1.33 0.19 2.18 3.24 4.09 Other Current Assets 24.79 2.52 2.30 1.07 9.61 12.53 13.19 8.03 2.71 1.91 Short Term Loans & Adv. 23.72 20.82 10.80 8.56 8.86 2.92 1.67 0.63 0.88 1.19 Net Current Assets 140.92 109.74 80.10 50.93 16.02 10.61 15.72 16.34 9.85 0.49 Total Assets 327.75 243.91 191.24 177.48 130.40 105.70 142.75 121.86 121.15 96.76

Cash Flow

Standalone Figures in Rs. Crores

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Cash From Operating Activity 90.99 -3.15 32.48 9.83 -17.66 22.44 9.50 6.41 -0.75 -23.02 PBT 101.94 42.77 27.76 29.67 3.22 -8.11 -1.80 8.35 7.52 -3.27 Adjustment 8.15 5.43 5.82 9.13 4.78 3.69 8.75 4.47 3.43 4.55 Changes in Working Capital 8.98 -43.54 -0.74 -28.65 -25.56 26.37 2.63 -6.41 -11.67 -24.28 Cash after chg. in Working capital 119.07 4.66 32.84 10.15 -17.56 21.95 9.58 6.41 -0.72 -23.00 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -28.08 -7.81 -0.36 -0.32 -0.10 0.49 -0.08 0.00 -0.03 -0.02 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -0.59 -0.37 -1.42 -1.34 -1.03 -0.17 -1.48 -4.45 -0.34 -0.80 Net Fixed Assets 0.16 -0.35 0.57 -0.30 3.30 -0.51 -15.01 -1.77 -0.42 16.36 Net Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Others -0.75 -0.02 -1.99 -1.04 -4.33 0.34 13.53 -2.68 0.08 -17.16 Cash from Financing Activity -56.45 -0.39 -28.43 -7.55 17.72 -21.13 -10.01 -3.02 0.24 23.71 Net Cash Inflow / Outflow 33.95 -3.91 2.63 0.94 -0.97 1.14 -1.99 -1.06 -0.85 -0.11 Opening Cash & Equivalents 0.00 3.91 1.28 0.34 1.31 0.17 2.16 3.22 4.07 4.18 Closing Cash & Equivalent 33.95 0.00 3.91 1.28 0.34 1.31 0.17 2.16 3.22 4.07

Financial Ratios

Standalone

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 17
Book Value (Rs.) 7.46 2.50 0.67 -1.38 -5.99 -6.29 -5.49 -5.31 -6.02 -6.74 ROA 26.39% 14.44% 11.30% 30.22% 2.73% -6.45% -1.36% 6.14% 6.90% -2.82% ROE 149.98% 196.31% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% ROCE 83.18% 46.24% 37.62% 56.29% 20.48% -20.79% 2.32% 21.48% 25.27% -1.77% Fixed Asset Turnover 37.39 25.27 19.55 17.56 11.25 5.09 14.47 23.61 20.07 10.88 Receivable days 22.43 31.15 39.28 42.43 53.40 130.43 73.50 75.48 87.46 102.47 Inventory Days 69.24 75.81 76.70 62.80 53.54 98.22 55.69 60.70 71.31 64.50 Payable days 78.03 83.77 101.21 102.42 140.13 288.37 155.12 113.41 119.47 145.26 Cash Conversion Cycle 13.65 23.19 14.77 2.82 -33.19 -59.72 -25.93 22.77 39.30 21.71 Total Debt/Equity 0.27 0.40 0.02 0.41 1.53 0.23 0.99 1.20 1.85 3.15 Interest Cover 19.14 12.59 8.14 6.53 2.35 -2.64 0.37 6.12 4.47 -0.14

Top Investors:

chetan jayantilal shah

globe capital market limited

mayuri shripal vora

Annual Reports:

News Update:

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Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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