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Timken India Ltd Performance

Today's Low
2,864.95
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Today's High
2,949.00
52 Wk Low
2,524.50
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52 Wk High
3,569.85


Open

2865

Traded Value (Cr)

18.51 Cr

Prev. Close

2873.75

VWAP

2937.44

Volume

21,699

Face Value

10

Timken India Ltd Financials

Timken India Ltd Financials

Timken India Ltd Shareholding Pattern

Held By Dec 2023 Sep 2023 Jun 2023 Mar 2023
Promoters 57.70 % 57.70 % 57.70 % 67.80 %
Mutual Funds 19.44 % 17.03 % 16.48 % 11.29 %
Retail 8.70 % 9.25 % 9.81 % 9.30 %
FII 7.13 % 6.71 % 6.56 % 3.95 %
Others 7.03 % 9.31 % 9.46 % 7.66 %

Promoters

57.70%

Mutual Funds

19.44%

Retail

8.70%

FII

7.13%

Others

7.03%

Promoters

57.70%

Mutual Funds

17.03%

Retail

9.25%

FII

6.71%

Others

9.31%

Promoters

57.70%

Mutual Funds

16.48%

Retail

9.81%

FII

6.56%

Others

9.46%

Promoters

67.80%

Mutual Funds

11.29%

Retail

9.30%

FII

3.95%

Others

7.66%

Resistance and Support

₹2,881.85

PIVOT

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Resistance
First Resistance₹2,922.700
Second Resistance₹2,951.300
Third Resistance₹2,992.150
support-arrow
Support
First Resistance₹2,853.250
Second Resistance₹2,812.400
Third Resistance₹2,783.800
RSI62.036
MACD122.769
ADX20.868
CCI66.722

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day21,69950,13479.64
Week23,28623,06263.97
1 Month105,50077,90270.82
6 Months21,69913,93164.20

About Timken India Ltd

Timken India Limited (TIL) (previously known as Tata Timken) is primarily into manufacture, distribution and sale of anti-friction bearings primarily tapered roller bearings, other roller bearings, components, accessories, and mechanical power transmission products for diverse customer base. The Company provides maintenance contract and refurbishment services. The Company's manufacturing plants are located at Jamshedpur in Jharkhand & Bharuch in Gujarat and distribution centers are located in various parts of the country. The Company's active operations are in anti-friction bearings, mechanical power transmission products and related services business. The parent organization, The Timken Company is a 120-year-old US-based organization with operations in 41 countries around the world keeping industries in motion. The journey started when Henry Timken, founder of the Timken Company, designed and patented world's first tapered roller bearing. Today, it is synonymous with innovation, cutting-edge technology, and quality. Presently, the Company caters to an entire gamut of bearings including Tapered Roller Bearings, Cylindrical Roller Bearings, Spherical Roller Bearings and Slewing Bearings with focus on localized manufacturing having facilities in Jamshedpur and Bharuch. Its dedicated focus has been towards providing technical value and customer experience with an unbeatable and unquestioned quality standard. With the strong supplier network and localized manufacturing facilities, it aims at providing state-of-the-art products and services in India with means of a solid workforce and world-class manufacturing facilities. It stands tall with the 'Make in India' concept by not only localizing finished goods but also raw material sourcing, reducing the dependency on imports. Company's expertise in the domains of metallurgy, tribology and mechanical systems enable collaboration with OEMs to customize solutions based on customer's requirements and diverse applications with an in-house design and development. With strong footprint of channel partners across India, it reaches out to end-markets for its product & services and assist customers in improving the reliability and efficiency of equipment, machinery, and vehicles. The company was incorporated on 15 June 1987 under the provisions of the erstwhile Company's Act, 1956. It came with a rights issue in Feb.'94 to part-finance the overrun in the project cost. To extend the product range, the company embarked upon a small bearings project for Rs 16 crore to manufacture TRBs with a bore size of 35mm and less which has been completed within the budgeted cost in fiscal 2001. During the fiscal it introduced a new concept in technical problem solving and roll shop management, drawing heavily from the expertise in its steel rolling mill as well as its strong base of knowledge in bearing. The service envisages round the clock management of customer's roll shop and the associated chock and bearing maintenance. It is also pursuing new business activities that enhance the value adding propositions of the company's existing businesses. During the year 2001-02, The Company had shut down 2 plants (in UK and USA) and as a part of the products of those plants has been transferred permanently to Timken India. This will result in an important growth of manufacturing volumes of Jemshedpur plant. TIL has completed the acquisition of The Torrington company in 2002. This acquisition offers a fit and will bring a broader line of engineered products and services. During the year 2004, the company undertook an expansion project of installing a new 8' cone line. This new line is expected to produce a little over five lacs tapered single cones annually necessitating an approximate investment of Rs.1.65 Crores. It also has undertaken a new project for manufacture of double extended cones for the purpose of export to US. This double extended cone project envisages an investment of Rs 10.50 Crores. This project is expected to be completed by the end of the first quarter of 2007. TIL continued to drive Lean Six Sigma Projects across all parts of its operations and business processes. In 2004 TIL was awarded a special award for excellence in Lean Six Sigma at the Indian Manufacturing Excellence Awards (IMEA) announced by Frost & Sullivan. During the year 2004, the installed capacity of AP Cartridge Tapered Roller Bearings, units including components and accessories has been increased by 45000 Nos. Due to this expansion the installed capacity of AP Cartridge Tapered Roller Bearings, unit including components and accessories is 150000 Nos for this year. In 2006, the company undertook an expansion project of installing large size cup line. This new line was installed and commercial production started on May 15, 2006. The actual investment for this project was around Rs 4.50 Crores. In FY 2008, the company acquired two strategic services' contracts in steel industry. During FY 2015, the company fully commenced its operation of Industrial Service plant in Raipur, Chhattisgarh and completed its Roller expansion project at a cost of Rs. 163 Million. During FY 2018, the Board of Directors of the Company at its meeting held on 4 July, 2017, approved a Scheme of Amalgamation and Arrangement between ABC Bearings Limited and Timken India Limited and their respective shareholders and creditors. Subsequently, pursuant to an Order of the National Company Law Tribunal (NCLT), Bengaluru Bench, meetings of the shareholders and creditors were held on 1 February 2018. At the said meetings, the proposed Scheme was approved by the shareholders and creditors and thereafter the Company has received approval of NCLT, Bengaluru Bench. With acquisition of ABC Bearings, the Company made significant progress with a variety of new product lines. The acquisition helped to expand capacity, customer base and ability to increase participation in local and export markets during the FY 2018-19. In 2021, the Company introduced Wheel-Pac repair kit for the first time and revamped the grease range for its aftermarket business. At Jamshedpur plant, it made Roller facility operational and enabled the Rail facility with automation technology to serve the high-speed rail market. Besides this, rail bearing services were made operational along with all related utilities at the plant. The Bharuch Plant implemented integration of vital internal systems to align itself with Timken processes. In FY 2021-22, Company made significant headway in service business with MillTec adding five new sites and achieving a business growth of approx. 50% in the year. This was achieved by penetrating new segments including public sector and nonferrous rolling. It grew progressively in the industrial distribution, Indian Railways and Renewable Energy Segment. A new manufacturing facility for spherical and cylindrical roller bearings and related components was set up in Bharuch, Gujarat during 2022-23.

Managing Director

Sanjay Koul

Founded

1987

NSE Symbol

TIMKEN

Timken India Ltd Management

NameDesignation
P S DasguptaIndependent Director
Sanjay KoulChairman & Managing Director
Avishrant KehavaWhole Time Director & CFO
Mandar VasmatkarCompany Sec. & Compli. Officer
Douglas SmithDirector
George J OllapallyIndependent Director
Veerappan VIndependent Director
Hansal PatelDirector
Ajay SoodIndependent Director
Dr. Lakshmi LingamIndependent Director

Timken India Ltd News

Timken India standalone net profit declines 4.29% in the December 2023 quarter
Sales rise 0.45% to Rs 612.21 crore
Timken India to conduct board meeting
On 6 February 2024
Volumes soar at Timken India Ltd counter
Timken India Ltd recorded volume of 23.06 lakh shares by 10:48 IST on BSE, a 1030.66 times surge over two-week average daily volume of 2237 shares
Timken India standalone net profit declines 4.66% in the September 2023 quarter
Sales decline 1.93% to Rs 681.98 crore
Volumes jump at Timken India Ltd counter
Timken India Ltd saw volume of 31308 shares by 10:46 IST on BSE, a 24.53 fold spurt over two-week average daily volume of 1276 shares
Timken India to announce Quarterly Result
On 10 November 2023
Timken India Ltd Spurts 1.68%
Timken India Ltd has lost 2.16% over last one month compared to 6.03% gain in S&P BSE Capital Goods index and 2.04% rise in the SENSEX
Timken India slumps after weak Q1 performance
Timken India tumbled 4.72% to Rs 3235 after the company reported 23.6% drop in net profit to Rs 90.14 crore in Q1 FY24 from Rs 118.05 crore in Q1 FY23.
Timken India standalone net profit declines 23.64% in the June 2023 quarter
Sales rise 2.62% to Rs 717.58 crore
Timken India schedules board meeting
On 11 August 2023

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Timken India Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Timken India Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Timken India Ltd's share price is ₹2,940.10 as of April 12, 2024

The 52-week high/low price of a Timken India Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Timken India Ltd's 52-week high and low as of April 12, 2024 are ₹2949 and ₹2864.95 respectively.

As of the Dec 2023 quarter, the promoter shareholding in Timken India Ltd stands at 57.70%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 6.71% to 7.13%.