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Timex Group India Ltd share Price Today

Company details

138.85
144.00
113.45
203.00
6M Return -19.31%
1Y Return -14.95%
Mkt Cap.(Cr) 1,413.30
Volume 201,915
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 201,915

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Other apparels & accessories company Timex Group India announced Q1FY24 results:

  • Timex India has reported a remarkable surge in revenue, achieving a substantial growth of 13%.
  • Focus on marketing investment in Q1FY24 was high including an association with Gujarat Titans in IPL. Thus, EBIDTA delivery has been lower over last year by 44% owing to aggressive marketing initiatives.
  • E-commerce sales have almost doubled against Q1FY23, and the luxury segment has also shown significant growth of 86% during Q1FY24. This indicates the broad appeal of Timex products and the company's ability to cater to diverse consumer preferences.

Deepak Chhabra, Managing Director of Timex Group India, shared his enthusiasm, stating, "We are pleased with the encouraging results achieved in this quarter. Timex's growth trajectory showcases our unwavering commitment to delivering quality products. Our investments in brand building, strategic partnerships, and expanding retail presence have been pivotal in our success. We remain dedicated to pushing boundaries and setting new industry standards."

 

 

Result PDF

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Timex Group India Ltd shares SWOT Analysis

Strengths (8)

  • Rising Net Cash Flow and Cash from Operating activity
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt

Weakness (2)

  • Declining Revenue every quarter for the past 2 quarters
  • Major fall in TTM Net Profit

Opportunity (1)

  • Turnaround companies- loss to profit QoQ

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 143.1
R2 146.1
R3 148.2
Pivot

140.95

S1 137.9
S2 135.8
S3 132.8
EMA SMA
136.7
136.9
141.8
146.9
134.9
135.9
139.7
155.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
OJAS CONSULTING PVT LTD Bulk Sell 2018-01-30 62.69 550000 BSE
Name Category Shares
TIMEX GROUP LUXURY WATCHES B V PROMOTER 74.93%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Timex Group India Ltd Stocks COMPARISON

Financials( in Cr) Timex Group India Ltd Havells India Ltd Dixon Technologies (India) Ltd Voltas Ltd Blue Star Ltd
Price 140.00 1,839.50 11,242.85 1,498.50 1,736.35
% Change -2.57 0.05 3.57 1.07 2.88
Mcap Cr 1,413.30 115,278.34 67,256.98 49,583.12 35,701.96
Revenue TTM Cr 383.45 18,590.01 12,192.01 9,498.77 7,977.32
Net Profit TTM Cr 46.52 1,270.76 255.08 136.22 400.69
PE TTM 69.76 91.22 176.62 194.42 83.64
1 Year Return -14.95 36.23 160.50 85.83 128.71
ROCE 25.78 24.13 23.60 9.54 23.89
ROE 341.81 18.06 22.36 4.46 23.42
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 62.19 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 36,912.43 -3,369.63
LAST 3M 113,155.52 -42,728.98
LAST 6M 184,812.44 -13,263.60
LAST 12M 291,104.04 102,297.21

Timex Group India Ltd Information

Stock PE (TTM)
69.76
Promoter Holding
74.93%
Book Value
8.052
ROCE
25.78%
ROE
341.81%
Description
  • Timex Group India Ltd (Formerly known Timex Watches Limited) 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 million watches at Noida, UP, at a cost of Rs 825 million. 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 part-finance 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 high-profile showrooms and shops. The company commenced a project for the manufacture of metal cases utilising vacuum plating in May `95. During 1999-2000, 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 constructed a new state of the art manufacturing facility in Himachal Pradesh and commenced the production from April 2007. "Nautica" brand was launched during 2007. The name of the Company was changed to `Timex Group India Limited` effective from 13th October 2007. It introduced Ferra`gamo watches in 2008-09. It further launched Mark Ecko, Versace, Tarun Tahiliani and Helix brands in 2010-11. It expanded the number of franchised retail stores, "The Time Factory", to 76. It launched iconic Timex products such as Intelligent Quartz - the world`s smartest analog watch & Heart Rate Monitor. It launched `Timex Ceramics` with two unique products with ceramic bracelets and impeccable stainless- steel cases in 2022. In collaboration with Coca-Cola, it launched 3 commemorative styles to celebrate Coca-Cola`s time-honored 1971 `Hilltop` commercial and the unity message it portrays. It came together with contemporary luxury brand Judith Leiber to launch two limited-edition watch designs, the T80 digital and Q analog. The United Colors of Benetton Timewear was launched as part of the licensing deal with Benetton India in 2022. Further, it launched Timex Fit and Timex Fit 2.0 smart watches with various smart features such as activity tracker, telemedicine features, high resolution, Bluetooth calling and many more. Further, Timex introduced smartwatches under the brand Helix namely, Helix Metalfit and Helix Metalfit 2.0 with various smart features such as heart rate monitor, SpO2 sensor, sleep and activity tracker, mobile notifications and music control.

Registered Address

106-107 Ambadeep, 14 Kasturba Gandhi Marg, New Delhi, New Delhi, 110001

Tel : 91-011-4102 1297
Email : investor.relations:timex.com
Website : http://www.timexindia.com
Registrar

Alankit Assignments Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500414
NSE Code : TIMEXWATCH
Book Closure Date (Month) : Aug
BSE Group : B
ISIN : INE064A01026

FAQ’s on Timex Group India Ltd Shares

You can buy Timex Group India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Timex Group India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 04:01 PM the closing price of Timex Group India Ltd was Rs.140.00.

The latest PE ratio of Timex Group India Ltd as of Jun 14, 2024 04:01 PM is 69.76

The latest PB ratio of Timex Group India Ltd as of Jun 14, 2024 04:01 PM is 0.06

The 52-week high of Timex Group India Ltd share price is Rs. 203.00 while the 52-week low is Rs. 113.45

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 04:01 PM, the market cap of Timex Group India Ltd stood at Rs. 1,413.30.

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