Balance Sheet Timex Group India Limited

Stocks

TIMEX

INE064A01026

Apparel & Accessories

Delayed Bombay S.E. Other stock markets 03:53:00 2026-07-15 am EDT			5-day change	1st Jan Change
546.85 ^INR	-0.01%		+4.84%	+59.12%

May. 26	Timex Group India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2026	CI
Feb. 03	Timex Group India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2025	CI

c7184622a85c623b58.0YGB6pFCUAnmYgN9_KjrwdyelPs2LpUpT0GL1J5tdfE.sM-sq_0rFD6BU2UWzdup8YWz2aNfHPB5Cxjc4OcMQYS9-8va_CgUZd9VSg

Published financial data: TIMEX GROUP INDIA LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	1.41B	2.64B	3.83B	4.19B	5.38B
Other Revenues, Total	-	9.2M	-	-	-
Total Revenues	1.41B	2.65B	3.83B	4.19B	5.38B
Cost of Goods Sold, Total	792M	1.5B	2.2B	2.46B	3.12B
Gross Profit	617M	1.16B	1.64B	1.73B	2.26B
Selling General & Admin Expenses, Total	379M	679M	777M	894M	1.01B
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	35.4M	35.7M	36M	35.8M	33M
Other Operating Expenses	273M	388M	468M	500M	768M
Other Operating Expenses, Total	688M	1.1B	1.28B	1.43B	1.81B
Operating Income	-70.6M	54.9M	356M	302M	450M
Interest Expense, Total	-21.9M	-19M	-29.6M	-18.4M	-9.8M
Interest And Investment Income	300K	1M	700K	900K	900K
Net Interest Expenses	-21.6M	-18M	-28.9M	-17.5M	-8.9M
Currency Exchange Gains (Loss)	9.9M	-4.1M	-6.4M	12M	6M
Other Non Operating Income (Expenses)	1.9M	600K	-23.6M	-19.9M	-23.8M
EBT, Excl. Unusual Items	-80.4M	33.4M	297M	277M	423M
Gain (Loss) On Sale Of Investments	-	-	-	700K	4.5M
Gain (Loss) On Sale Of Assets	-	-100K	-100K	100K	-700K
Asset Writedown	-700K	-1.1M	-100K	-	-
Other Unusual Items	-	-	200K	-	800K
EBT, Incl. Unusual Items	-81.1M	32.2M	297M	278M	428M
Income Tax Expense	-1M	-	-168M	69.2M	114M
Earnings From Continuing Operations	-80.1M	32.2M	465M	208M	314M
Net Income to Company	-80.1M	32.2M	465M	208M	314M
Net Income - (IS)	-80.1M	32.2M	465M	208M	314M
Preferred Dividend and Other Adjustments	85.7M	71.1M	71.1M	71.1M	49.3M
Net Income to Common Incl Extra Items	-166M	-38.9M	394M	137M	265M
Net Income to Common Excl. Extra Items	-166M	-38.9M	394M	137M	265M
Per Share Items
Net EPS - Basic	-1.64	-0.39	3.9	1.36	2.62
Basic EPS - Continuing Operations	-1.64	-0.39	3.9	1.36	2.62
Basic Weighted Average Shares Outstanding	101M	101M	101M	101M	101M
Net EPS - Diluted	-1.64	-0.39	3.9	1.36	2.62
Diluted EPS - Continuing Operations	-1.64	-0.39	3.9	1.36	2.62
Diluted Weighted Average Shares Outstanding	101M	101M	101M	101M	101M
Normalized Basic EPS	-0.5	0.21	1.84	1.71	2.62
Normalized Diluted EPS	-0.5	0.21	1.84	1.71	2.62
Supplemental Items
EBITDA	-57.8M	68M	369M	315M	462M
EBITA	-70.6M	54.9M	356M	302M	450M
EBIT	-70.6M	54.9M	356M	302M	450M
EBITDAR	-43.1M	83.9M	387M	335M	486M
Total Revenues (As Reported)	1.42B	2.66B	3.84B	4.22B	5.4B
Effective Tax Rate - (Ratio)	1.23	-	-56.79	24.93	26.54
Total Current Taxes	-1M	-	-	-	95.8M
Total Deferred Taxes	-	-	-168M	69.2M	17.7M
Normalized Net Income	-50.25M	20.88M	185M	173M	264M
Interest on Long-Term Debt	11.6M	11M	11.1M	10M	8.2M
Non-Cash Pension Expense	3.5M	3.7M	4.7M	5.5M	6.3M
Supplemental Operating Expense Items
Advertising Expense	100M	286M	296M	442M	439M
Selling and Marketing Expenses	100M	286M	296M	442M	439M
Net Rental Expense, Total	14.7M	15.9M	17.9M	20.3M	24.3M
Imputed Operating Lease Interest Expense	10.62M	9.6M	11.93M	12.55M	7.14M
Imputed Operating Lease Depreciation	4.08M	6.3M	5.97M	7.75M	17.16M
Maintenance & Repair Expenses, Total	10.6M	15.9M	22.1M	19.9M	20.7M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	13.1M	3.4M	12.8M	39.1M	-
Total Cash And Short Term Investments	13.1M	3.4M	12.8M	39.1M	-
Accounts Receivable, Total	380M	486M	524M	511M	547M
Other Receivables	44.7M	15.3M	14.6M	19.3M	70.9M
Total Receivables	425M	501M	538M	531M	618M
Inventory	333M	536M	959M	1.06B	1.51B
Prepaid Expenses	4.3M	7M	8.5M	20.9M	23.1M
Other Current Assets, Total	76.5M	74M	73.4M	91M	140M
Total Current Assets	851M	1.12B	1.59B	1.74B	2.29B
Gross Property Plant And Equipment	237M	223M	226M	215M	199M
Accumulated Depreciation	-49.3M	-54.4M	-60.2M	-70.2M	-79.1M
Net Property Plant And Equipment	188M	168M	166M	145M	120M
Other Intangibles, Total	8.3M	4.5M	1.6M	3.8M	1.9M
Deferred Tax Assets Long-Term	-	-	168M	99.4M	81.6M
Other Long-Term Assets, Total	9.6M	9.7M	15.8M	19.3M	23.5M
Total Assets	1.06B	1.3B	1.94B	2.01B	2.52B
Liabilities
Accounts Payable, Total	576M	561M	660M	719M	731M
Accrued Expenses, Total	22.8M	51.5M	56.4M	56.9M	172M
Short-term Borrowings	29.1M	238M	230M	-	-
Current Portion of Long-Term Debt	-	-	-	-	45.6M
Current Portion of Leases	12.7M	12.5M	17.4M	19.5M	22.3M
Current Income Taxes Payable	-	-	-	-	20.3M
Unearned Revenue Current, Total	6.6M	5M	86.1M	89.8M	138M
Other Current Liabilities	97.9M	93.9M	32.7M	57.6M	66.8M
Total Current Liabilities	745M	961M	1.08B	943M	1.2B
Long-Term Debt	-	-	16.7M	18.2M	293M
Long-Term Leases	111M	101M	96M	78.8M	56.5M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	51.4M	58.4M	66.3M	77.1M	85.8M
Other Non Current Liabilities	24.3M	27.9M	76.5M	81.6M	49.4M
Total Liabilities	932M	1.15B	1.34B	1.2B	1.68B
Preferred Stock Redeemable	761M	761M	745M	745M	588M
Total Preferred Equity	761M	761M	745M	745M	588M
Common Stock, Total	101M	101M	101M	101M	101M
Additional Paid In Capital	35.1M	35.1M	35.1M	35.1M	35.1M
Retained Earnings	-772M	-741M	-276M	-68.1M	116M
Total Common Equity	-636M	-605M	-140M	68M	252M
Total Equity	126M	156M	605M	813M	840M
Total Liabilities And Equity	1.06B	1.3B	1.94B	2.01B	2.52B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	101M	101M	101M	101M	101M
ECS Total Common Shares Outstanding	101M	101M	101M	101M	101M
Book Value / Share	-6.3	-6	-1.38	0.67	2.5
Tangible Book Value	-644M	-610M	-141M	64.2M	250M
Tangible Book Value Per Share	-6.38	-6.04	-1.4	0.64	2.48
Total Debt	152M	351M	360M	116M	417M
Net Debt	139M	348M	347M	77.4M	417M
Debt Equivalent of Unfunded Proj. Benefit Obligation	60.5M	69.1M	75.2M	88.2M	101M
Debt Equivalent Oper. Leases	118M	127M	143M	162M	194M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	136M	181M	260M	211M	390M
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	196M	355M	699M	851M	1.12B
Land - (BS)	-	-	-	-	-
Buildings, Total	23.5M	23.5M	23.5M	23.5M	23.7M
Machinery, Total	76.5M	78.7M	84.3M	91.3M	94M
Full Time Employees	348	345	353	335	323
Part Time Employees	-	-	-	-	448
Accumulated Allowance for Doubtful Accounts (Supple)	45.7M	37.9M	43.7M	32.9M	30.4M

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	-80.1M	32.2M	465M	208M	314M
Depreciation & Amortization - CF	31.5M	31.9M	33.1M	33.2M	31.1M
Depreciation & Amortization, Total	31.5M	31.9M	33.1M	33.2M	31.1M
Amortization of Deferred Charges, Total - (CF)	3.9M	3.8M	2.9M	2.6M	1.9M
(Gain) Loss From Sale Of Asset	-	100K	100K	-100K	700K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-5.2M
Asset Writedown & Restructuring Costs	700K	1.1M	100K	-	-
Provision and Write-off of Bad Debts	-	-	5.9M	-10.8M	-2.5M
Other Operating Activities, Total	4.7M	11.7M	-122M	98.9M	63.7M
Change In Accounts Receivable	258M	-97.3M	-43.8M	23.3M	-33.2M
Change In Inventories	92.9M	-203M	-423M	-104M	-451M
Change In Accounts Payable	-73.1M	-19.6M	103M	62.3M	46.5M
Change in Other Net Operating Assets	-14.2M	62.5M	77.3M	9.8M	1.9M
Cash from Operations	224M	-177M	98.3M	324M	-31.5M
Capital Expenditure	-2M	-11.6M	-14.5M	-15.1M	-9M
Sale of Property, Plant, and Equipment	-	300K	400K	200K	800K
Investment in Marketable and Equity Securities, Total	-	-	-	-	4.5M
Other Investing Activities, Total	300K	1M	700K	1.6M	-
Cash from Investing	-1.7M	-10.3M	-13.4M	-13.3M	-3.7M
Short Term Debt Issued, Total	-	208M	-	-	45.6M
Total Debt Issued	-	208M	-	-	45.6M
Short Term Debt Repaid, Total	-175M	-	-7.9M	-230M	-
Long-Term Debt Repaid, Total	-25.9M	-23.3M	-25.5M	-27.8M	-27.7M
Total Debt Repaid	-201M	-23.3M	-33.4M	-258M	-27.7M
Issuance of Preferred Stock	-	-	25M	-	-
Repurchase of Preferred Stock	-	-	-25M	-	-
Other Financing Activities, Total	-10.3M	-8M	-42.1M	-26.8M	-21.8M
Cash from Financing	-211M	177M	-75.5M	-284M	-3.9M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	11.4M	-9.7M	9.4M	26.3M	-39.1M
Supplemental Items
Cash Interest Paid	10.3M	8M	42.1M	26.8M	7.6M
Cash Income Tax Paid (Refund)	-4.9M	1M	3.2M	3.6M	78.1M
Levered Free Cash Flow	210M	-226M	-111M	160M	-84.9M
Unlevered Free Cash Flow	223M	-214M	-92.95M	172M	-78.78M
Change In Net Working Capital	-234M	272M	337M	37.8M	384M
Net Debt Issued / Repaid	-201M	185M	-33.4M	-258M	17.9M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	-3.55	2.91	13.69	9.55	12.4
Return on Total Capital	-10.8	8.75	30.21	19.94	25.71
Return On Equity %	-48.21	22.9	122.28	29.39	38.02
Return on Common Equity	27.87	6.27	-105.8	-382.98	165.51
Margin Analysis
Gross Profit Margin %	43.8	43.61	42.69	41.36	42.03
SG&A Margin	26.93	25.58	20.27	21.35	18.79
EBITDA Margin %	-4.1	2.56	9.63	7.52	8.58
EBITA Margin %	-5.01	2.07	9.27	7.21	8.36
EBIT Margin %	-5.01	2.07	9.27	7.21	8.36
Income From Continuing Operations Margin %	-5.68	1.21	12.13	4.97	5.84
Net Income Margin %	-5.68	1.21	12.13	4.97	5.84
Net Avail. For Common Margin %	-11.77	-1.47	10.28	3.28	4.92
Normalized Net Income Margin	-3.57	0.79	4.84	4.13	4.91
Levered Free Cash Flow Margin	14.89	-8.5	-2.91	3.83	-1.58
Unlevered Free Cash Flow Margin	15.86	-8.05	-2.42	4.1	-1.46
Asset Turnover
Asset Turnover	1.13	2.25	2.36	2.12	2.37
Fixed Assets Turnover	7.02	14.9	22.96	26.97	40.55
Receivables Turnover (Average Receivables)	2.8	6.11	7.6	8.09	10.17
Inventory Turnover (Average Inventory)	2.09	3.45	2.94	2.43	2.42
Short Term Liquidity
Current Ratio	1.14	1.17	1.47	1.85	1.92
Quick Ratio	0.59	0.53	0.51	0.6	0.52
Operating Cash Flow to Current Liabilities	0.3	-0.18	0.09	0.34	-0.03
Days Sales Outstanding (Average Receivables)	130.43	59.76	48.06	45.22	35.89
Days Outstanding Inventory (Average Inventory)	174.78	105.91	124.11	150.58	150.68
Average Days Payable Outstanding	322.33	122.08	85.02	98.61	72.71
Cash Conversion Cycle (Average Days)	-17.12	43.59	87.15	97.18	113.85
Long Term Solvency
Total Debt/Equity	121.43	225.37	59.45	14.33	49.69
Total Debt / Total Capital	54.84	69.27	37.28	12.53	33.2
LT Debt/Equity	88.13	64.74	18.62	11.93	41.61
Long-Term Debt / Total Capital	39.8	19.9	11.68	10.44	27.8
Total Liabilities / Total Assets	88.13	88.06	68.86	59.59	66.68
EBIT / Interest Expense	-3.22	2.89	12.01	16.42	45.9
EBITDA / Interest Expense	-1.79	4.57	13.13	18.23	49.07
(EBITDA - Capex) / Interest Expense	-1.88	3.96	12.64	17.41	48.15
Total Debt / EBITDA	-3.9	4.04	0.93	0.35	0.87
Net Debt / EBITDA	-3.56	4	0.89	0.23	0.87
Total Debt / (EBITDA - Capex)	-3.71	4.67	0.96	0.36	0.88
Net Debt / (EBITDA - Capex)	-3.39	4.62	0.93	0.24	0.88
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-44.07	88.17	44.99	9.25	28.45
Gross Profit, 1 Yr. Growth %	-44.27	87.13	42.56	5.85	30.52
EBITDA, 1 Yr. Growth %	-330.28	-220.35	457.55	-14.66	48.01
EBITA, 1 Yr. Growth %	-688.33	-179.22	569.68	-15.02	50.43
EBIT, 1 Yr. Growth %	-688.33	-179.22	569.68	-15.02	50.43
Earnings From Cont. Operations, 1 Yr. Growth %	345	-140.2	1.34K	-55.2	50.77
Net Income, 1 Yr. Growth %	345	-140.2	1.34K	-55.2	50.77
Normalized Net Income, 1 Yr. Growth %	349.16	-141.54	838.92	-6.71	52.85
Diluted EPS Before Extra, 1 Yr. Growth %	59.46	-76.25	-1.1K	-65.13	92.65
Accounts Receivable, 1 Yr. Growth %	-39.39	27.89	7.76	-2.35	6.9
Inventory, 1 Yr. Growth %	-21.83	61.02	78.98	10.82	42.41
Net Property, Plant and Equip., 1 Yr. Growth %	-12.04	-10.33	-1.66	-12.38	-17.09
Total Assets, 1 Yr. Growth %	-25.95	23.37	49.02	3.53	25.3
Tangible Book Value, 1 Yr. Growth %	13.67	-5.28	-76.83	-145.44	289.72
Common Equity, 1 Yr. Growth %	14.67	-4.75	-76.92	-148.68	270.74
Cash From Operations, 1 Yr. Growth %	136.21	-178.7	-155.66	229.5	-109.7
Capital Expenditures, 1 Yr. Growth %	-88.64	480	25	4.14	-40.4
Levered Free Cash Flow, 1 Yr. Growth %	381.16	-207.1	-50.84	-243.81	-153.64
Unlevered Free Cash Flow, 1 Yr. Growth %	265.75	-195.27	-56.73	-284.8	-146.4
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-23.64	2.64	64.89	25.86	18.46
Gross Profit, 2 Yr. CAGR %	-26.58	2.23	62.68	22.84	17.54
EBITDA, 2 Yr. CAGR %	-30.1	64.6	155.59	118.14	11.82
EBITA, 2 Yr. CAGR %	-18.62	113.89	126.52	138.56	12.47
EBIT, 2 Yr. CAGR %	-18.62	113.89	126.52	138.56	12.47
Earnings From Cont. Operations, 2 Yr. CAGR %	3.62	33.75	140.99	154.4	-17.82
Net Income, 2 Yr. CAGR %	3.62	33.75	140.99	154.4	-17.82
Normalized Net Income, 2 Yr. CAGR %	-2.91	36.6	92.1	195.96	19.42
Diluted EPS Before Extra, 2 Yr. CAGR %	286.4	-38.47	54.1	86.74	-18.04
Accounts Receivable, 2 Yr. CAGR %	-15.72	-11.96	17.39	2.58	2.17
Inventory, 2 Yr. CAGR %	-14.47	12.19	69.76	40.83	25.62
Net Property, Plant and Equip., 2 Yr. CAGR %	59.74	-11.19	-6.1	-7.18	-14.77
Total Assets, 2 Yr. CAGR %	-6.87	-4.42	35.59	24.21	13.89
Tangible Book Value, 2 Yr. CAGR %	8.56	3.76	-53.15	-67.55	33.07
Common Equity, 2 Yr. CAGR %	8.87	4.51	-53.11	-66.48	34.33
Cash From Operations, 2 Yr. CAGR %	87.1	36.34	-33.81	35.43	-43.39
Capital Expenditures, 2 Yr. CAGR %	-78.99	-18.82	169.26	14.09	-21.22
Levered Free Cash Flow, 2 Yr. CAGR %	148.95	127.45	-27.25	-15.91	-12.72
Unlevered Free Cash Flow, 2 Yr. CAGR %	205.31	87.01	-35.62	-10.58	-7.94
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-12.09	3.17	15.03	43.75	26.72
Gross Profit, 3 Yr. CAGR %	-13.68	0.36	13.91	40.97	25.35
EBITDA, 3 Yr. CAGR %	-17.41	-16.85	144.99	77.32	91.03
EBITA, 3 Yr. CAGR %	-7.81	-19.84	209.45	63.38	103.85
EBIT, 3 Yr. CAGR %	-7.81	-19.84	209.45	63.38	103.85
Earnings From Cont. Operations, 3 Yr. CAGR %	2.13	-24.43	195.66	37.54	113.69
Net Income, 3 Yr. CAGR %	2.13	-24.43	195.66	37.54	113.69
Normalized Net Income, 3 Yr. CAGR %	2.03	-26.84	154.97	51	137.46
Diluted EPS Before Extra, 3 Yr. CAGR %	30.15	52.48	55.86	-6.1	88.69
Accounts Receivable, 3 Yr. CAGR %	-13.68	-3.15	-5.82	10.41	4
Inventory, 3 Yr. CAGR %	-9.62	5.61	31.09	47.26	41.36
Net Property, Plant and Equip., 3 Yr. CAGR %	47.02	31.77	-8.12	-8.24	-10.61
Total Assets, 3 Yr. CAGR %	-4.45	2.28	10.83	23.93	24.57
Tangible Book Value, 3 Yr. CAGR %	1.12	3.73	-37.05	-53.63	-25.69
Common Equity, 3 Yr. CAGR %	1.47	4.12	-36.83	-52.53	-25.32
Cash From Operations, 3 Yr. CAGR %	210.45	40.19	1.14	13.01	-43.71
Capital Expenditures, 3 Yr. CAGR %	-32.14	-36.5	-6.25	96.18	-8.11
Levered Free Cash Flow, 3 Yr. CAGR %	37.84	88.18	36.73	-8.7	-27.92
Unlevered Free Cash Flow, 3 Yr. CAGR %	49.42	107.34	15.01	-8.51	-28.42
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-3.99	5.81	13.08	11.63	16.39
Gross Profit, 5 Yr. CAGR %	-4.68	5.87	11.27	8.64	15.35
EBITDA, 5 Yr. CAGR %	44.74	34.59	29.18	21.64	79.02
EBITA, 5 Yr. CAGR %	40.49	122.8	31.6	23.17	106.43
EBIT, 5 Yr. CAGR %	40.49	122.8	31.6	23.17	106.43
Earnings From Cont. Operations, 5 Yr. CAGR %	-2.88	-0.31	43.97	22.81	77.17
Net Income, 5 Yr. CAGR %	-2.88	-0.31	43.97	22.81	77.17
Normalized Net Income, 5 Yr. CAGR %	-2.55	4.12	31.41	26.54	88.24
Diluted EPS Before Extra, 5 Yr. CAGR %	5.61	-17	39.25	65.36	20.53
Accounts Receivable, 5 Yr. CAGR %	-11.86	3.33	-2.39	-0.9	-2.7
Inventory, 5 Yr. CAGR %	-0.49	7.82	16.3	18.5	28.88
Net Property, Plant and Equip., 5 Yr. CAGR %	14.53	20.68	22.88	14.54	-10.84
Total Assets, 5 Yr. CAGR %	-3.94	6.15	9.91	10.55	12.04
Tangible Book Value, 5 Yr. CAGR %	-0.74	-2.72	-25.67	-34.83	-15.08
Common Equity, 5 Yr. CAGR %	-0.31	-2.34	-25.49	-33.83	-14.58
Cash From Operations, 5 Yr. CAGR %	73.68	-5.16	67.3	38.26	-19.81
Capital Expenditures, 5 Yr. CAGR %	-37.93	6.92	17.77	-19.73	-12.55
Levered Free Cash Flow, 5 Yr. CAGR %	121.05	-3.71	6.83	36.48	14.26
Unlevered Free Cash Flow, 5 Yr. CAGR %	64.88	-3.49	6.77	48.27	5.21