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: 5
Author: ICICI Securities Limited

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Timken India Ltd.

06 Nov 2018

2666.15

-3.07%

Timken India

Buy: Timken India Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Timken India (TIL) reported its Q2FY19 numbers. The numbers are not comparable to historical numbers as the company reported...

Timken India Ltd. has an average target of 4190.00 from 2 brokers.

Timken India Ltd.

09 Oct 2018

2666.15

-3.07%

Timken

Buy: Timken India Ltd.

JM Financial

ABC amalgamation to be EPS accretive from Year 1 We resume coverage on Timken India (Timken) and publish our revised numbers to factor in the consolidation of ABC Bearings (ABC). In our view, the amalgamation of ABC Bearings would be EPS accretive from FY19 as net profit of the consolidated entity should increase 17% (factoring in 11-month consolidation in FY19) vs. 11% stake dilution through a share swap. Over FY18-21, we forecast sales and earnings CAGR of 16% and 25%, respectively, for the consolidated entity, led by a) strong growth in the domestic CV market (entry in wheel bearings segment), b) bounce-back in exports on easing of capacity constraints and...

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

Timken India Ltd.

30 Aug 2018

2666.15

-3.07%

Timken completes acquisition of ABC Bearings

Business Line

Timken India Ltd, a subsidiary of The Timken Company, a global leader in engineered bearings and power transmission products, has completed the previo

Timken India Ltd. has lost -29.77% in the last 6 Months

Timken India Ltd.

17 Aug 2018

2666.15

-3.07%

Timken India Ltd: Decent Performance, Future Outlook Stable

Hold: Timken India Ltd.

Target

Karvy

Top line growth owing to improved volumes: TMKN Q1FY19 results came in line with our estimates. YoY EPS grew by 44.3% on account of healthy revenue growth (27.8%) and EBITDA expansion of 134 bps. Revenue growth is due to improved volumes from domestic & export segments.

Timken India Ltd. has an average target of 4190.00 from 2 brokers.

Timken India Ltd.

16 Aug 2018

2666.15

-3.07%

Timken India

Buy: Timken India Ltd.

ICICI Securities Limited

Timken India reported stellar Q1FY19 numbers that were above our estimates. Revenues came in strong at | 383.4 crore, up 27.8% YoY. We had estimated ~14% topline growth at | 341 crore Absolute EBITDA increased 40% YoY to | 59.3 crore. EBITDA margins came in at 15.5% vs. 14.1% YoY. Higher EBITDA margins were primarily due to lower other expenses, 18.3% of topline vs. 21.3% in Q1FY18. Gross margins fell ~200 bps YoY. Employee...

Timken India Ltd. has lost -29.77% in the last 6 Months

Timken India Ltd.

23 May 2018

2666.15

-3.07%

Timken India

Buy: Timken India Ltd.

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Timken India reported strong operational numbers in Q4FY18. Revenues came in strong at | 345.4 crore, up 32.6% YoY. We had estimated 15% topline growth at | 300 crore Absolute EBITDA increased 22.4% YoY to | 46 crore. EBITDA margins came in at 13.3% vs. 14.4% YoY. Lower EBITDA margins were primarily due to a decline in gross margins (dropped 210 bps YoY). We expected EBITDA margins of 15.4% for the quarter...

Timken India Ltd. has an average target of 4190.00 from 2 brokers.

Timken India Ltd.

22 Feb 2018

2666.15

-3.07%

Timken India Ltd: Mediocre Performance, Future Outlook Stabl... (Feb 22, 2018)

Hold: Timken India Ltd.

Target

Karvy

Top line to grow owing to improved volumes: Despite a YoY revenue growth of 13.9%, EPS de-grew by 31.9% along with an EBITDA contraction of 229 bps due to higher material expenses and employee expenses. We see the margin contraction phenomenon as temporary. In view of the synergies from ABC Bearings Ltd's acquisition coupled with growing railways business, we expect the revenueto grow at ~ 12% CAGR during FY17- FY20E with an improved EBITDA margin of 16.3% by FY20E.

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

Timken India Ltd.

20 Feb 2018

2666.15

-3.07%

Timken India

Hold: Timken India Ltd.

Recommendation Target

ICICI Securities Limited

Revenues came in at | 278.6 crore, up 20.6% YoY. We estimated revenues of | 263.8 crore for the quarter EBITDA declined 12.9% YoY to | 20.7 crore as the company reported weak EBITDA margins of 7.4% in Q3FY18. Lower EBITDA margins were on account of a sharp spike of 37.6% and 34.1% in employee and other expenses, respectively. Gross margins remained stable for the quarter. We estimated margins of 13.5% for the quarter PAT operating performance coupled with higher non-operating...

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

Timken India Ltd.

17 Nov 2017

2666.15

-3.07%

Timken India

Buy: Timken India Ltd.

ICICI Securities Limited

Revenues came in at | 310.2 crore, up 9.8% YoY. We estimated revenues of | 308.2 crore for the quarter EBITDA increased 13.1% YoY to | 53.8 crore as the company reported steady EBITDA margins of 17.3% in Q2FY18. We expected margins of 16.9% for the quarter PAT increased 24.7% YoY to | 37.3 crore as the company reported higher other income of | 14.8 crore vs. | 1.7 crore in Q2FY17 Exports, mobile segment strong, new opportunity to open up in railways...

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

Timken India Ltd.

10 Aug 2017

2666.15

-3.07%

Timken India

Buy: Timken India Ltd.

Recommendation

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Timken India (TIL) reported weak Q1FY18 numbers. The company reported topline, EBITDA and PAT, which were below our estimates Revenues came in at | 300 crore, up 6.3% YoY and below our...