Arthneeti

Timken India Q2 FY27 Share Price & Earnings Call Analysis

₹2,855.80+1.87% today
Market cap
₹21,478 Cr
P/E
52.47
ROE
13.69%
PEG
77.17
Price to sales
6.06
Debt to equity
0.00
52W high / low
₹3,767 / ₹2,730
Sales growth (5Y)
19.37%
EBITDA margin
18.13%
Net profit margin
11.65%
Promoter holding
51.05%
Sales (last year)
₹3,540 Cr

Timken India Ltd is engaged in the manufacturing, distribution and sale of anti-friction bearings, components, accessories and mechanical power transmission products for the customer base across different sectors. It also provided maintenance contracts and refurbishment services and industrial services. It was incorporated in 1987 and is a part of the global Timken Group.[1][2]

Guidance scorecard · Q2 FY27 call

What Timken India Ltd's management guided
and where it ranks in Industrial Products

#95of 100 in
Industrial Products
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Timken India has delivered high double-digit revenue growth (15% Y-o-Y) in Q1 FY27, indicating strong demand continuity.
  • Bharuch plant is ramping up rapidly, with spherical roller bearings (SRBs) utilization expected to increase from 40-45% to 70% by August-September 2026, boosting capacity and sales.
  • Cylindrical roller bearings (CRB) line utilization is set to ramp up by Q2/Q3 FY27.
  • Rail plant at Jamshedpur expected to commence commercial production by calendar year-end 2026, supporting revenue growth especially from the rail segment.
  • Export markets, especially America, are resilient and growing (21% growth in export revenue), with continued focus on supplying tapers to USA.

2 more points from Timken India Ltd's call on revenue

Create a free account to keep reading this call

Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Timken India Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • FY27 capex is planned to be in the range of 8% to 10% of sales, consistent with prior guidance.
  • Some timing differences may occur with minor spillovers into the next financial year, but projects are broadly on track.
  • The strategy focuses on utilizing assets for growth in India and improving utilization rates at manufacturing facilities like Bharuch.
Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Ask what Timken India Ltd said on fundraising →

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • The Bharuch plant is ramping up quickly, with progressive revenue growth and increasing PPAP approvals, indicating growing order inflow.
  • Railways segment is currently slow due to delayed government procurement but expected to ramp up once the new Jamshedpur rail plant is commercialized by calendar year-end.
  • Heavy truck and off-highway sectors continue to show resilient demand, supporting steady order flow.

2 more points from Timken India Ltd's call on the order book

Create a free account to keep reading this call

Full Q1 FY27 analysis
Full Industrial Products ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Timken India Ltd rank?

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹532 Cr21.2
240%+Up 2%+₹450 Cr13.2
340%+Up 2%+₹371 Cr26.1
440%+Up 0–2%₹1,340 Cr32.9
540%+Up 0–2%₹1,196 Cr14.1
640%+Flat₹966 Cr25.0

Sign up free to see every company in the sector ranking and track Timken India Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Industrial Products ranking

Financials of Timken India Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Timken India Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +57.70%57.70%51.05%51.05%51.05%51.05%51.05%51.05%51.05%51.05%51.05%51.05%
FIIs +7.13%7.20%12.53%13.14%12.97%10.68%9.44%7.39%6.94%6.96%7.32%6.91%
DIIs +22.57%23.62%25.57%24.80%24.93%26.80%27.68%29.72%30.15%30.63%30.26%30.73%
Public +12.59%11.45%10.84%11.02%11.04%11.46%11.82%11.84%11.85%11.35%11.33%11.29%
No. of Shareholders70,04062,83866,16269,09371,43876,27077,82776,56674,63771,02369,80869,721

Financials of Timken India Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +6826128987847536719408097737641,073929969
Expenses +546510699643620565730666635669838757791
Operating Profit13610219914113310721014213896235172178
OPM %20%17%22%18%18%16%22%18%18%13%22%19%18%
Other Income +10111112121314101063108
Interest1111111111111
Depreciation21212222212121212729303129
Profit before tax124911871301249820213012172207150156
Tax %25%26%24%26%27%24%7%20%26%31%25%23%26%
Net Profit +93681419690741871048950155115116
EPS in Rs12.378.9818.8012.8011.969.8824.8413.8611.896.6320.5815.3115.43

Financials of Timken India Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +9261,0421,0561,2331,6641,6181,4112,2032,8072,9103,1483,4193,736
Expenses +7928808981,0701,3751,2541,1591,6922,2462,3372,5562,8073,055
Operating Profit134162158163289363252511560572592612681
OPM %14%16%15%13%17%22%18%23%20%20%19%18%18%
Other Income +631021162320145341502827
Interest1111231234443
Depreciation1722294379777584878585106119
Profit before tax122142138140224306195438524524553530586
Tax %34%35%30%34%34%20%27%25%25%25%19%25%
Net Profit +81929792149246143327391392447398436
EPS in Rs11.8713.5014.2913.5319.7632.7219.0443.4951.9552.1359.4852.9657.95
Dividend Payout %25%7%7%7%5%153%8%3%3%5%61%5%

Financials of Timken India Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital68686868757575757575757575
Reserves3704625506341,2661,5011,2681,5821,9622,3422,7702,8983,109
Borrowings +34816232435323125171514
Other Liabilities +144168251261411377510505489545564763762
Total Liabilities5857028779791,7751,9771,8882,1942,5572,9883,4253,7513,960
Fixed Assets +1071372312517957488188608438538091,4461,449
CWIP2721585464157975053104592101192
Investments1738915517613099236161117180330
Other Assets +4355064986197411,0609731,1851,4241,8701,9082,0251,989
Total Assets5857028779791,7751,9771,8882,1942,5572,9883,4253,7513,960

Financials of Timken India Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +421011643924935718933341340387437
Cash from Investing Activity +-23-67-126-64-106-110-67-75-45-228-337-402
Cash from Financing Activity +-261-5-2-23-17-379-15-15-17-27-279
Net Cash Flow-73634-27119230-257-572819423-243
Free Cash Flow163534-32131237111-472808114140
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit65%94%129%47%112%121%93%29%88%82%89%94%

Financials of Timken India Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days696866666666968975828185
Inventory Days110108111121125124171171125142124136
Days Payable576592979291156100768276105
Cash Conversion Cycle12211085909999112160124142129116
Working Capital Days98917096807486117102111107110
ROCE %30%30%24%21%22%21%13%29%28%23%21%18%

Guidance history

How Timken India Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned——
Q4 FY26 call →10–20%FlatPlannedNone plannedRising
Q3 FY26 call →10–20%Up 0–2%Planned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

20out of 100

Momentum score · price trend

20 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−5.2%54%
Last 6 months−16.7%24%
Last 3 months−7.8%46%

The price is 37.8% below its all-time high of ₹4,592.85 (14 Jun 2024). Stocks more than 20% below their peak have their score halved, so 41 became 20.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Timken India Ltd: 0.4 × 54 + 0.4 × 24 + 0.2 × 46 = 41, halved to 20 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Timken India Ltd's management said in earlier quarters

Others in Industrial Products this season

  • Emmbi Industries Ltd (Q2 FY27)

    EBITDA for Q2 FY2026 (Quarter ended 30.09.2026):** ₹159.55 million (not directly stated, derived from Profit Before Tax and relevant expenses) . Key results sta

  • KRN Heat Exchanger and Refrigeration Ltd (Q2 FY27)

    16,706.54 Lakhs (30th Sep 2026), a decrease of about 25.2% (Page 11). Key results statement takeaways from KRN Heat Exchanger and Refrigeration Ltd's Q2 FY27 ea

  • Expo Engineering and Projects Ltd (Q1 FY27)

    Q1 FY27 Revenue from Operations: ₹13.75 crore, down from ₹17.85 crore in Q1 FY26 (approx. Key investor presentation takeaways from Expo Engineering and Projects

  • Shri Bajrang Alliance Ltd (Q1 FY27)

    Shareholding pattern as of 30 June 2026: Promoter 63.97%, Public 36.03%. Key investor presentation takeaways from Shri Bajrang Alliance Ltd's Q1 FY27 investor p

Compare:vs Cummins Indiavs Polycab Indiavs Welspun Corp Ltd