TIMEX

Timex Group India Limited

Timex Group India Limited (TIMEX) financial statements and selected valuation metrics through 30 June 2026.

Consumer Discretionary›Consumer Durables›Consumer Durables›Gems, Jewellery And Watches

timexindia.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹700.55
Market cap
7,076 Cr
Stock P/E
82.5
P/B
63.58
Dividend yield
0.3%
ROE (FY26)
67.8%
ROCE (FY26)
76.3%
Operating margin (FY26)
13.9%
Debt / equity (FY26)
0.27
OCF / EBITDA (FY26)
79.7%
OCF / EBITDA (3Y)
61.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Seller of wristwatches in India, built around the American Timex brand and licensed fashion and luxury names such as Guess, Versace and Aston Martin, sold through distributors, dealers, shops and online.

Company snapshot

9thBy market cap

Ranked among 39 companies in Gems, Jewellery And Watches.

What we see

Positives
  • ✓Debt-to-equity of 0.27x — the company is largely funded by its own money, not borrowed funds.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales126 Cr94 Cr92 Cr109 Cr174 Cr120 Cr135 Cr169 Cr244 Cr151 Cr235 Cr219 Cr
Operating expenses (approx.)110 Cr95 Cr82 Cr104 Cr149 Cr116 Cr121 Cr147 Cr201 Cr141 Cr195 Cr184 Cr
EBITDA16 Cr-0.71 Cr10 Cr4 Cr25 Cr4 Cr14 Cr22 Cr43 Cr10 Cr40 Cr35 Cr
OPM %12.7%-0.8%10.5%3.9%14.4%3.5%10.6%12.8%17.5%6.3%17.2%16.1%
Other income0.57 Cr0.35 Cr1 Cr0.52 Cr0.09 Cr0.41 Cr0.70 Cr0.31 Cr0.37 Cr0.73 Cr0.63 Cr0.55 Cr
Interest1 Cr0.75 Cr0.88 Cr0.66 Cr0.53 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr
Depreciation0.90 Cr0.88 Cr0.91 Cr0.85 Cr0.84 Cr0.82 Cr0.79 Cr0.81 Cr0.87 Cr0.87 Cr0.85 Cr0.91 Cr
Profit before tax15 Cr-2 Cr9 Cr3 Cr24 Cr3 Cr13 Cr20 Cr41 Cr5 Cr37 Cr34 Cr
Tax %25.2%25.1%24.5%25.2%25.3%26.2%29.1%26.2%25.7%33.3%25.3%25.9%
Net profit11 Cr-1 Cr7 Cr2 Cr18 Cr2 Cr9 Cr15 Cr30 Cr3 Cr27 Cr25 Cr
EPS (₹)₹0.91₹-0.15₹0.35₹0.06₹1.70₹0.07₹0.79₹1.33₹2.87₹0.19₹2.90₹2.44

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales200 Cr209 Cr242 Cr252 Cr141 Cr264 Cr383 Cr419 Cr538 Cr799 CrSign in free for the trailing twelve months
Operating expenses (approx.)199 Cr199 Cr230 Cr248 Cr144 Cr257 Cr345 Cr387 Cr490 Cr684 CrSign in free for the trailing twelve months
EBITDA1 Cr11 Cr11 Cr4 Cr-4 Cr8 Cr38 Cr32 Cr48 Cr114 CrSign in free for the trailing twelve months
OPM %0.7%5.0%4.7%1.4%-2.5%2.9%10.0%7.7%8.9%14.3%Sign in free for the trailing twelve months
Other income0.14 Cr0.75 Cr0.27 Cr0.39 Cr1 Cr1 Cr0.33 Cr3 Cr2 Cr2 CrSign in free for the trailing twelve months
Interest3 Cr2 Cr2 Cr3 Cr2 Cr2 Cr5 Cr4 Cr4 Cr5 CrSign in free for the trailing twelve months
Depreciation2 Cr2 Cr2 Cr3 Cr4 Cr4 Cr4 Cr4 Cr3 Cr3 CrSign in free for the trailing twelve months
Profit before tax-3 Cr8 Cr8 Cr-2 Cr-8 Cr3 Cr30 Cr28 Cr43 Cr102 CrSign in free for the trailing twelve months
Tax %——10.7%0.0%1.2%0.0%-56.8%24.9%26.5%26.0%Sign in free for the trailing twelve months
Net profit-3 Cr8 Cr7 Cr-2 Cr-8 Cr3 Cr47 Cr21 Cr31 Cr75 CrSign in free for the trailing twelve months
EPS (₹)₹-0.99₹0.75₹-0.11₹-1.03₹-1.64₹-0.39₹3.90₹1.36₹2.62₹7.30Sign in free for the trailing twelve months
Dividend payout %—————0.0%0.0%0.0%0.0%31.3%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr
Reserves-2 Cr5 Cr12 Cr11 Cr2 Cr5 Cr50 Cr71 Cr74 Cr101 Cr
Borrowings25 Cr28 Cr27 Cr20 Cr3 Cr24 Cr25 Cr2 Cr34 Cr29 Cr
Other liabilities64 Cr78 Cr65 Cr102 Cr90 Cr91 Cr109 Cr118 Cr134 Cr197 Cr
Total liabilities97 Cr121 Cr114 Cr143 Cr106 Cr130 Cr194 Cr201 Cr252 Cr338 Cr
Fixed assets (net)7 Cr6 Cr7 Cr21 Cr19 Cr17 Cr16 Cr15 Cr12 Cr11 Cr
CWIP—0.05 Cr0 Cr0 Cr0 Cr0 Cr0.16 Cr0 Cr0.06 Cr0.08 Cr
Investments——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories37 Cr45 Cr50 Cr43 Cr33 Cr54 Cr96 Cr106 Cr151 Cr197 Cr
Trade receivables41 Cr59 Cr46 Cr63 Cr38 Cr49 Cr52 Cr51 Cr55 Cr58 Cr
Cash & bank4 Cr3 Cr2 Cr0.17 Cr1 Cr0.34 Cr1 Cr4 Cr0 Cr34 Cr
Other assets8 Cr8 Cr9 Cr16 Cr14 Cr11 Cr28 Cr25 Cr34 Cr37 Cr
Total assets97 Cr121 Cr114 Cr143 Cr106 Cr130 Cr194 Cr201 Cr252 Cr338 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-23 Cr-0.75 Cr6 Cr10 Cr22 Cr-18 Cr10 Cr32 Cr-3 Cr91 Cr
Cash from investing-0.80 Cr-0.34 Cr-4 Cr-1 Cr-0.17 Cr-1 Cr-1 Cr-1 Cr-0.37 Cr-0.59 Cr
Cash from financing24 Cr0.24 Cr-3 Cr-10 Cr-21 Cr18 Cr-8 Cr-28 Cr-0.39 Cr-56 Cr
Net cash flow-0.11 Cr-0.85 Cr-1 Cr-2 Cr1 Cr-0.97 Cr0.94 Cr3 Cr-4 Cr34 Cr
Free cash flow (OCF − Capex)-24 Cr-1 Cr2 Cr8 Cr22 Cr-19 Cr8 Cr31 Cr-4 Cr89 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-1.5%22.1%20.1%2.4%-38.3%13.0%41.1%38.0%39.4%76.3%
ROE %-41.0%49.2%33.2%-8.7%-63.8%20.7%76.9%25.6%37.4%67.8%
Debtor days751036991986750453727
Inventory days138154167145217177229256306243
Days payable192228177225375185158174148149
Cash conversion cycle21295911-6059121127195121
OCF / EBITDA %n.m.-7.1%56.9%n.m.—n.m.25.7%100.0%-6.6%79.7%
OCF / EBITDA % (3 years)——-74.7%59.7%n.m.n.m.34.6%31.4%32.9%61.8%
Debt / equity3.151.851.200.990.231.530.410.020.400.27
Current ratio1.011.101.191.151.141.171.471.851.921.81
Net debt / EBITDA14.732.382.195.66—3.080.61-0.060.71-0.04