Timken India Ltd. share price target

Despite near-term pressure from cost normalization and the commissioning of new capacities, business fundamentals remain healthy, supported by steady demand and improving momentum across domestic and export markets. The Bharuch expansion and upcoming rail capacity addition are expected to support future growth, while higher...

Q4FY26 performance: Timken India Limited reported Q4FY26 revenue growth of 14.2% YoY to 1,073 crore, driven by healthy demand across industrial and rail segments. EBITDA increased 12% YoY to 235 crore, while EBITDA margin moderated slightly to 21.9% vs 22.3% YoY due to higher operating costs and adverse product mix. PAT declined 17% YoY to 155 crore, impacted by lower other income and higher tax...

Profit Before Tax (PBT) fell 26% YoY due to higher depreciation expense on account of capitalisation of new manufacturing lines at Bharuch, partially offset by lower finance cost. Other income was lower because of a reduction in investable surplus, following...

*over or under performance to benchmark index Management's shift to diversify its exports beyond the US is prudent given ongoing uncertainty in North American markets, which still account for 50% of exports. Focus now turns to domestic demand, led by rail, though mobility and process segments remain mixed. We expect an unfavourable revenue mix to pressure margins, with lower volume leverage impacting EBITDA. Consequently, we reduce our revenue...

Increased bearing usage in Railways and Metros are a critical component in
railway operations because it maintains the friction between moving parts in
railway systems, ensuring that various components do not collide or separate.

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friction bearings, primarily tapered roller bearings, cylindrical roller bearing and other bearing components and accessories. They are also in power transmission product brands & partner with...

We continue to maintain out HOLD rating on the stock Target Price and Valuation: We value Timken at | 1740 i.e. 40x P/E on FY24E EPS Key triggers for future price performance:...

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....

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'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...

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...

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...

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...