Timken India Ltd. News and Updates

Name: Latest research reports of Timken India Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Timken India Ltd.
Rating: 3
Author: ICICI Securities Limited

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Timken India Ltd.

22 Jun 2021

2661.95

-0.16%

Timken India's Q4 revenues are strong, but profits are weaker

livemint

For the March quarter, revenues have increased by 17% year-on-year to 475 crore. Sequentially, revenues have increased by 24%..Meanwhile, shares of Timken India touched a new 52-week high on Monday on the National Stock Exchange.

Timken India Ltd.'s price crossed below 50Day SMA today

Timken India Ltd.

09 Apr 2021

2661.95

-0.16%

Tricot Investments sells Timken India shares worth over 152 crore

livemint

Tricot Investments sold 11.2 lakh shares of Timken India at an average price of 1,360 apiece aggregating to 152.32 crore, according to the block data available on the NSE

Timken India Ltd. is trading above its 30 day SMA of 2609.8

Timken India Ltd.

26 Nov 2020

2661.95

-0.16%

Timken India

Hold: Timken India Ltd.

Recommendation Target

ICICI Securities Limited

While CV continued to lag on account of weak demand, the fort was held by steady traction in the wind & tractor segment. Exports contribution in the Q2FY21 revenue mix fell 2% YoY to 26% vs. 28% in Q2FY20. Nonetheless, the management expects strong offtake on the exports front on the back of a solid order book and new product exports from ABC plant. Furthermore, Timken expects to launch new products in areas like solar, belts, drives and lubricants in order to improve market share and utilisation....

Timken India Ltd. is trading above its 30 day SMA of 2609.8

Timken India Ltd.

31 Mar 2020

2661.95

-0.16%

Timken India

Buy: Timken India Ltd.

Target

ICICI Securities Limited

Companies like Larsen & Toubro and KEC with exposure to the Middle East and North Africa (MENA) region are expected to get impacted by the recent more than 60% fall in crude oil prices to US$22/barrel. This is expected to impact overall orders/awarding from the MENA region. Companies like Elgi Equipments, AIA Engineering, Thermax, Engineers India and Kalpataru Power with exposure to international geographies like Europe, Middle East, China for sales or essential raw material may get impacted. However, lockdowns in India, UK, Europe and other geographies due to Covid-19 are...

Timken India Ltd. is trading below its 50 day SMA of 2683.7

Timken India Ltd.

18 Feb 2020

2661.95

-0.16%

Timken India Ltd

Timken India Ltd.

Angel Broking

Timken India (TIL) is primarily into the manufacture and distribution of tapered roller bearings, components and accessories for the automotive sector and the railway industry. The operating cash flow is also seen increasing year after year.Currently, the stock trades at 32x of its earnings and delivers 21.7% RoCE. It also pays an average annual dividend

Timken India Ltd.'s price crossed below 50Day SMA today

Timken India Ltd.

02 Dec 2019, 12:00AM

2661.95

-0.16%

Timken India

Buy: Timken India Ltd.

Target

ICICI Securities Limited

Timken's Q2FY20 performance was led by double digit growth in the railway segment, which contributed 24% to the topline. With strong traction in railway ordering and further push from Dedicated Freight Corridor, the railway segment is expected to play a vital role, going forward. Adding to this, the railway replacement market and bearing maintenance orders would further propel growth in the railway segments. The exports segment during the quarter grew 22% with European markets opening up. Exports are expected to further pick up with Bharuch plant starting to export from this...

Timken India Ltd. average weekly volume is high.

Timken India Ltd.

21 Aug 2019

2661.95

-0.16%

Timken India

Buy: Timken India Ltd.

Target

ICICI Securities Limited

Solid FY19, headwinds in mobile segment to impact growth TIL witnessed a solid performance across all segments in FY19, viz. railways, mobile (LCVs, HCVs and off highway), distribution (replacement market), process industries and exports. Their contribution to topline was at 18%, 22%, 17%, 8% and 24%, respectively (total ~90%). The remaining 10% contribution came in from ABC Bearings. Going ahead, headwinds in the automotive sector are expected to impact growth of mobile' segment and, thus, affect overall topline growth. On the whole, we expect Timken to clock...

Timken India Ltd. is trading below its 50 day SMA of 2683.7

Timken India Ltd.

06 Jun 2019

2661.95

-0.16%

Timken India

Buy: Timken India Ltd.

Target

ICICI Securities Limited

Strong FY19, all segment except mobile' to grow in FY20-21E TIL saw a strong performance across segments in FY19, viz. railways, mobile (LCVs, HCVs, off highway), distribution (replacement market), process industries & exports. Their topline contribution was 18%, 22%, 17%, 8%, 24% respectively (total ~90%). Remaining 10% contribution came in from ABC Bearings. Going ahead, the management is expecting growth from all...

Timken India Ltd.'s price crossed below 50Day SMA today

Timken India Ltd.

28 Feb 2019

2661.95

-0.16%

NCLT rejects Essar Steel's operational creditors plea against Arcelor's bid

Business Standard

Around eight OCs, including Orissa Stevedores, Signode India, and Timken India, among others, had filed a plea seeking quashing of Arcelor's resolution plan and consideration of ESAHL's proposal

Timken India Ltd.'s price crossed below 50Day SMA today

Timken India Ltd.

14 Feb 2019

2661.95

-0.16%

Timken India

Buy: Timken India Ltd.

ICICI Securities Limited

For Q3FY19, revenues came in at | 384.9 crore, up 38.1% YoY. We expected revenues of | 349.2 crore (25% growth) Gross margins were at 45.6% vs. 36.9% YoY. EBITDA margins were at 14.4% vs. 7.4 YoY. Gross margins, EBITDA margins were lower in Q3FY18 due to a change in product mix and high input prices during the quarter. We believe the same has now corrected in Q3FY19 Accordingly, absolute EBITDA and PAT grew 168.1% and 188.2% to | 55.6 crore and | 26.4 crore, respectively...