Timex Group India Limited

BSE: TIMEX · Gems, Jewellery And Watches

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52W Range₹237 – ₹760

Snapshot

Unlock Timex Group India Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Timex Group India Limited is engaged in the manufacturing and marketing of watches and jewellery. The company manages a diverse brand portfolio including TIMEX, HELIX, Salvatore Ferragamo, and VERSACE, while also providing IT support services to group entities.

Business Model

The company generates revenue through the sale of branded timepieces and jewellery across various price segments. Additionally, it earns income by providing information and technology support services to its global group companies.

Growth Outlook

Growth is expected to be driven by the expansion of its diverse brand portfolio and the strengthening of its retail distribution network in the Indian market. The company continues to leverage its IT support services to maintain operational efficiencies within the group.

Key Risks

  • Brand Reputation Risk. The company's performance is heavily reliant on the market perception and demand for its licensed luxury and fashion brands.
  • Competitive Intensity. The Indian watch and jewellery market is highly fragmented with significant competition from both domestic players and international luxury brands.
  • Economic Sensitivity. Consumer demand for watches and jewellery is discretionary and highly sensitive to fluctuations in disposable income and overall economic conditions.
  • Supply Chain Dependency. Reliance on global group companies for technology support and brand licensing exposes the firm to risks associated with international operational disruptions.

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Key Metrics

REVENUE

₹849 Cr

TTM · standalone

+41.8%YoY

NET PROFIT

₹86 Cr

TTM · standalone

+96.5%YoY

EPS

₹8.40

TTM · standalone

+115.9%YoY

RETURN ON EQUITY

87.9%

TTM · standalone

+35.9 ppYoY

RETURN ON CAPITAL EMPLOYED

81.5%

TTM · standalone

+33.5 ppYoY

P/E

80.1×

Q1 FY27 · standalone

80.1 vs 121.7x5Y avg

EV/EBITDA

52.3x

Q1 FY27 · standalone

52.3 vs 73.8x5Y avg

EBITDA MARGIN

15.3%

TTM · standalone

+4.1 ppYoY

NET PROFIT MARGIN

11.4%

Q1 FY27 · standalone

+2.7 ppYoY

DEBT TO EQUITY

0.3x

Q1 FY27 · standalone

-0.13xYoY

Peers · Gems, Jewellery And Watches

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Timex Group India LimitedTIMEX
₹6,796 Cr80.1×52.2641.8%15.3%87.9%81.5%+73.0%
P. N. Gadgil Jewellers Ltd.PNGJL
₹8,472 Cr16.1×12.1550.7%7.2%21.4%31.9%-12.8%
Ethos LimitedETHOSLTD
₹7,102 Cr67.5×25.1330.4%16.0%8.6%11.3%-9.6%
Senco GoldSENCO
₹4,923 Cr8.6×6.0041.9%11.1%25.5%38.9%-8.8%
KDDL LimitedKDDL
₹4,681 Cr48.2×11.8432.5%16.8%15.1%12.8%+49.5%
Goldiam International LimitedGOLDIAM
₹4,374 Cr15.7×13.7927.0%28.0%22.9%29.8%-23.1%

As of Q1 FY27

Financials