Timex Group India Ltd
Timex Group India Ltd (500414)

Timex Group India Ltd (500414)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-7.27 %
3 Month Return57.12 %
1 Year Return106.83 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 464
Rank 468
Rank 543
Dividend Yield
Rank 186
Rank 1068
Price To Book Ratio
Rank 366
Debt To Asset
Rank 530

Company Information

Timex Watches TWL was incorporated on 4 Oct.88 and received the certificate of commencement of business on 5 Jan.89. The company was promoted by Titan Watches a Tata group company and Timex Corporation US to manufacture 2.5 mln watches at Noida UP at a cost of Rs 825 mln. Currently Timex US holds a 29.68 stake in the company.In Aug.93 the company came out with a public issue of 35.74 lac 12.5 PCDs of Rs 140 each aggregating Rs 50.04 cr to partfinance its project to manufacture wrist watches at its plant in Noida. TWL mainly caters to the low and middle price range of watches providing value for money. The company has marketing and selling arrangements to use Titan Industries marketing network of over 4300 outlets all over the country and 172 highprofile showrooms and shops. The company commenced a project for the manufacture of metal cases utilising vacuum plating in May 95. During 19992000 the accumulated losses of the company exceed 50 of its net worth and in order to improve the net worth the company issued 4500000 equity shares of Rs 10/ at a premium of Rs 14.25 per share.The company is planning to improve productivity in TwoTone plating and implement Kanban System in Component Fabrication shops. The company is uniquely poised to take advantage of this trend being at the forefront of developing technology for watches and wrist instruments for consumers around the world.
OrganisationTimex Group India Ltd
HeadquartersNew Delhi
IndustryConsumer Durables