Timken India Ltd (TIMKEN)

Timken India's ROCE Higher Than Industry Average - 16 Jun, 2024

Timken India has an ROCE of 19%, higher than the industry average of 17%. Returns on capital have increased substantially over the last five years to 19%. The stock has returned a staggering 592% to shareholders over the last five years, indicating plenty of opportunities for internal investment.

Timken India Ltd Stock Rallies by 50% to Hit Record High - 29 May, 2024

Experts suggest short to medium-term traders can buy Timken India stock on dips for a possible target of Rs 5,000-5,100 in the next few months. The stock rose from Rs 2,697 as of February 27, 2024, to Rs 3,951 on May 27, 2024.

Timken India's Promoter Sells Stake Through Block Deals - 28 May, 2024

Timken Singapore, the promoter of Timken India, sold a 6.6% stake in the company through block deals at a floor price of Rs 3,550 per share. The sale generated approximately Rs 1,775 crore for the promoters. In Q4FY24, Timken India's revenue grew by 12%, and net profit increased by 34%. The stock gained 7.5% after the block deal.

Timken Singapore to Sell Stake in Timken India - 27 May, 2024

Parent company Timken Singapore is looking to sell a 6.6% stake in Timken India for Rs 1,775 crore ($213 million) at a discount of 10.2% to the last traded price. The deal will have a floor price of Rs 3,550 per share and includes a 180-day lock-in period for sellers.

Timken India's P/E Ratio High on Strong Growth Expectations - 25 May, 2024

Timken India's stock has gained 31% in the last month and its P/E ratio of 79.4x may seem high, but it reflects investors' expectations for strong future growth. Analysts predict a 23% per year earnings growth over the next three years, higher than the broader market forecast of 21%. Despite uninspiring short-term performance, Timken India has seen an excellent 174% overall rise in EPS over the past three years.

Timken India's Share Price Soars 488% Over Five Years - 21 May, 2024

Timken India Limited's share price has grown by 488% over five years, outpacing the company's earnings growth of 44% CAGR. The market holds the company in high regard with a P/E ratio of 79.70 and an annual TSR of 44% over five years.

Timken India Shares Deliver Multibagger Returns - 20 May, 2024

Shares of Timken India have delivered 661% returns in five years, closing at Rs 4155 on May 18. The stock has gained 113% in two years and risen 226% in three years. Centrum Broking has a sell call with a target of Rs 2665 while Kotak Equities assigned an add rating post Q4 earnings.