Thirty-30: This BSE 500 stock has delivered 30 per cent returns in the last 30 days

Strong earnings picture drives the stock price.

Timken India Ltd, primarily engaged in the manufacturing of bearings, has delivered phenomenal returns for its shareholders in the past thirty days. From May 15 to June 15 2022, the scrip has jumped from Rs 1,866.45 to Rs 2,439.35, making a simple return of 30.7 per cent. The huge upside was mainly driven by the robust Q4 and FY22 results. 

Despite the volatility in the markets, the company has performed really well. Be it the financial growth or expansion of margins, it has been a winner. For March 2022 quarter, the revenues jumped by 40.4 per cent to Rs 667.40 crore, while the net profit saw an exceptional leap of 129 per cent to Rs 121.3 crore. Notably, the EBITDA grew by 107 per cent along with the margin expansion of 457 basis points to 26.94 per cent.  

For the year ended FY22, the topline showcased a growth of 56.18 per cent to Rs 2,203.20 crore. The bottom line wasn’t shy either as it exploded by over 128 per cent. The strong financial outlook boosted the spirits of investors as the stock price rallied in the past month. 

Timken India Ltd is primarily engaged in the manufacture, sale and export for sale of antifriction bearings, components and related parts. The company is also engaged in import and purchase for resale and acts as a sales agent for the products manufactured by The Timken Company. The scrip has a 52-week high and low of Rs 2,727 and Rs 1,332, respectively.