Timken India Ltd.

NSE: TIMKEN | BSE: 522113 | ISIN: INE325A01013 | Industry: Abrasives & Bearings
| Mid-range Performer

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Timken India Ltd.
23 May 2018
2957.70
0.36%
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 3354.50 from 2 brokers.
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