Timex Group India Limited (TIMEX) AI Stock Analysis

Timex Group India Limited

(NSE:TIMEX)

Select Model

Rating:63Neutral

Price Target:INR 716.00▼(-1.38% Downside)

Action:initiatedcoverage

Date:11/04/26

The score is primarily supported by improving financial performance (strong growth, better profitability, and lower leverage), but is held back by an expensive valuation (high P/E) and mixed technical momentum (negative MACD with otherwise neutral indicators).

Positive Factors

Strong Revenue GrowthRapidly accelerating revenue indicates stronger market demand and improving commercial execution across Timex India’s timewear business. If this growth persists, it can expand operating scale, support greater brand visibility, and provide a durable base for continued earnings development.

Negative Factors

Gross-Margin CompressionA sustained reduction in gross margin could limit the durability of earnings growth even while revenue expands. The decline suggests profitability remains exposed to higher input costs or heavier discounting, and continued pressure would reduce operating leverage and constrain future margin expansion.

Timex Group India Limited (TIMEX) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 74.12B
Dividend Yield: ―
Average Volume (3M): 60.38K
Price to Earnings (P/E): 70.6
Beta (1Y): 0.40
Revenue Growth: 41.81%
EPS Growth: 112.53%
Country: India
Employees: 825
Sector: General
Sector Strength: 55
Industry: Luxury Goods

Timex Group India Limited Business Overview & Revenue Model

Company Description

Timex Group India Ltd. engages in the business of manufacturing and marketing watches and jewelry. The firm has a portfolio of brands, such as TIMEX, HELIX, Salvatore Ferragamo, and VERSACE. It also provides information and technology support service...

Timex Group India Limited Financial Statement Overview

Summary

Fundamentals are improving with strong revenue acceleration and better net profitability in 2026, alongside reduced leverage (debt-to-equity ~0.32). Offsetting strengths are a notable gross-margin decline (to ~35% in 2026) and historically volatile cash generation (negative operating/free cash flow in 2025), which lowers confidence in consistency.

Income Statement

78Positive

Balance Sheet

74Positive

Cash Flow

69Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	8.49B	7.99B	5.38B	4.19B	3.83B	2.64B
Gross Profit	3.18B	2.80B	2.28B	1.73B	1.65B	576.60M
EBITDA	1.27B	1.11B	479.60M	331.80M	386.40M	91.80M
Net Income	857.90M	754.40M	314.20M	208.40M	465.20M	32.20M
Balance Sheet
Total Assets	0	3.38B	2.52B	2.01B	1.94B	1.30B
Cash, Cash Equivalents and Short-Term Investments	339.50M	339.70M	2.60M	39.10M	12.80M	3.40M
Total Debt	0	355.20M	417.40M	116.50M	359.80M	350.90M
Total Liabilities	-1.11B	2.26B	1.68B	1.20B	1.34B	1.15B
Stockholders Equity	1.11B	1.11B	840.00M	812.90M	605.20M	155.70M
Cash Flow
Free Cash Flow	0	884.40M	-40.50M	308.80M	83.80M	-188.20M
Operating Cash Flow	0	903.40M	-31.50M	323.90M	98.30M	-176.60M
Investing Cash Flow	0	-5.90M	-3.70M	-13.30M	-13.40M	-10.30M
Financing Cash Flow	0	-558.00M	-3.90M	-284.30M	-75.50M	177.20M

Timex Group India Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price726.00

Price Trends

50DMA673.86Positive

100DMA610.29Positive

200DMA467.77Positive

Market Momentum

MACD3.30Negative

RSI61.75Neutral

STOCH89.82Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TIMEX, the sentiment is Positive. The current price of 726.00 is above the 20-day moving average (MA) of 668.52, above the 50-day MA of 673.86, and above the 200-day MA of 467.77, indicating a bullish trend. The MACD of 3.30 indicates Negative momentum. The RSI at 61.75 is Neutral, neither overbought nor oversold. The STOCH value of 89.82 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:TIMEX.

Timex Group India Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:TIMEX against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:TIMEX	63Neutral	INR 73.29B	70.62	―	―	41.81%	112.53%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

IN:TIMEX and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:TIMEX	Timex Group India Limited	726.00	350.85	93.52%
IN:PNGSREVA	PNGS Reva Diamond Jewellery Limited	618.25	204.30	49.35%
IN:SINGERIND	Singer India Limited	87.22	4.25	5.12%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 04, 2026

Timex Group India Limited AI Stock Analysis