Fundamental Analysis

TIMKEN INDIA LTD
Ticker : 522113
BUY: ₹2,398
Target: ₹2,730

Timken India Ltd is engaged in the manufacturing, distribution, and sale of anti-friction bearings, components, accessories & mechanical power transmission products for the customer base across different sectors. On a standalone basis, the company witnessed an improvement of 40.39 per cent in the net sales and other operating income, which stood at Rs 667.40 crore in Q4FY22 than Rs 475.40 crore reported in Q4FY21. The operating profit grew attractively to Rs 184.7 crore in Q4FY22, increasing by 94.83 per cent as compared to an operating profit of Rs 94.8 crore in Q4FY21. Q4FY22 recorded a net profit of Rs 121.3 crore as compared with the net profit of Rs 53 crore in Q4FY21, improving strongly beyond 120 per cent. The company bears a strong Capex cycle along with strong traction from the wind & services segment. Hence, owing to the decent growth prospects predicted for the company, we recommend BUY.