QoQ Performance –
Strong Sales Growth 39.97% increase
Operating Profit nearly doubled with a 96.94% increase
Operating Profit Margin shows a healthy improvement of 40.73%
Net Profit Excellent Growth of 151.42%
Net Profit Margin improved by 79.58%
EPS increased from Rs. 9.88 to Rs. 24.84 with a 151.42% increase
YoY Performance –
Moderate Revenue Growth by 4.68%
Operating Profit shows a slight improvement of 5.56%, consistent with Revenue
Operating Profit Margin stable
Net Profit substantially increased by 32.10%
Good improvement in Net Profit Margin by 26.22%
Healthy EPS Growth by 32.13%
Valuation – Expensive – suggesting growth expectation
Almost Debt Free Company
ROCE and ROE indicate efficient capital use
FII / DII Holding – 10.68% and 26.80% – Fair Institutional Interest, whereas a reduction in FII Holding needs monitoring.
Timken India has delivered a stellar quarterly performance and a solid annual performance, especially in profitability. However, the valuation looks expensive.