Review

TIMKEN INDIA LTD.
Ticker : 522113
FV:  ₹10
52-Week H/L: ₹ 2,878.95/1,480.20




We recommended Timken India in volume no. 38, issue no. 37 (dated July 4, 2022) when the scrip was trading at Rs 2,398. On a standalone basis, the company registered a growth of 40.39 per cent in the net sales and other operating income standing at Rs 667.40 crore in Q4FY22 as compared to Rs 475.40 crore reported in Q4FY21. The operating profit improved significantly, recording Rs 184.7 crore in Q4FY22, which is 94.83 per cent higher as compared to an operating profit of Rs 94.8 crore registered in Q4FY21. Q4FY22 recorded a net profit of Rs 121.3 crore as compared to the net profit of Rs 53 crore in Q4FY21, improving strongly beyond 120 per cent. The stock is currently trading at its highest levels as compared to the past six months' price movement. Besides,during the last month, the stock’s PE ratio was seen moving in an upward direction thereby, making it expensive as compared to its peer companies & industry. Hence, we recommend our investor-readers to BOOK PROFIT at Rs 2,666.75 with a gain of 11.3 per cent.