Timex Group IndiaNSE:TIMEX
Current view Q4 2026
Makes and licences fashion watches (Timex, Guess, Versace). Sales up 48% to Rs 799 cr and profit doubled as brands and online scaled - but stock trades at 72x and the promoter sold down to 51%.
Latest exchange filings last 5 · 5 after Q4 2026
- 29 Aug ’26Noida GST authority dropped FY2022-23 proceedings after Timex's reply. ↗
- 20 Aug ’26Shareholder Meeting / Postal Ballot-Outcome of AGM 20 Aug ↗
- 20 Aug ’26Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 20 Aug ↗
- 20 Aug ’26Timex Group India held 38th AGM on August 20, 2026; all four resolutions passed. ↗
- 19 Aug ’26Timex Group India schedules one-to-one virtual investor call with Hill Fort Capital on September 16, 2026. ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q4 2026
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q4 2026
| Metric | This year vs lastYoY · vs Q4 2025 | vs the quarter beforeQoQ, sequential · vs Q3 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +74.1% | +55.6% | +27.8% | +41.5% |
| Operating profit | ▲ +185.7% | +300.0% | +43.0% | +120.0% |
| EPS | ▲ +194.6% | +746.9% | +17.5% | +64.1% |
| PAT | ▲ +200.0% | +800.0% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +74.1%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
No score — no price history. The eight growth columns arrive with the quarter's Excel import; until then a number here would be invented.
How it compares with its rivals Retail & Hospitality · 6 of 56 listed
It earns 83% on its capital, more than any of them — the next best earns 38%, and it is the second most expensive of the 6 shown.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| Timex Group | ₹701 | 79.3× | ₹7,077 Cr | 82.8% | +70.5% | +29.6% |
| Titan Company | ₹4,796 | 72.9× | ₹4.26 L Cr | 20.5% | +62.9% | +29.3% |
| Kalyan Jewellers | ₹585 | 41.2× | ₹60,369 Cr | 21.1% | +32.0% | +45.7% |
| Lalithaa Jewel | ₹305 | 17.9× | ₹17,060 Cr | 38.0% | −21.1% | +26.2% |
| Thangamayil Jew. | ₹4,994 | 39.5× | ₹15,521 Cr | 25.5% | +86.2% | +71.2% |
| Bluestone Jewel | ₹835 | 226.4× | ₹12,750 Cr | 6.8% | +120.2% | +49.6% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jun 2026
| Are the margins widening? | wider, but it has moved around a lot | operating margin 7% → 16% over 3 years |
|---|---|---|
| Did the profit turn into cash? | most of it, with some tied up | 104% last year, 72% over three · free cash flow ₹89 cr, positive in 3 of 5 years |
| Is the growth borrowed? | borrowed about as much as it owns | ₹71 cr — 0.95× its own equity (was 4.04×) |
| Is it being collected? | collection is steady | 27 days to collect, down 10 in a year · cash cycle 88 days |
| Who has been buying? | the promoters have been selling | promoters 51.0% (−8.9 in a year), 74.9% → 51.0% over 2.8 years · FIIs 2.5% (+1.4) · DIIs 1.4% (+1.2) · shareholders 42,859 → 63,477 |
| What does it earn on its capital? | earns a high return on the capital it employs | ROCE 82.8% · ROE 158.0% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company has reduced debt.
- Company is expected to give good quarter
- Company has delivered good profit growth of 64.1% CAGR over last 5 years
- Debtor days have improved from 36.1 to 26.6 days.
- Company's working capital requirements have reduced from 63.2 days to 48.9 days
Against it
- Stock is trading at 95.2 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -23.9%
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.