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TIMKEN Share Price Target

Timken India Ltd.
Sector: Engineering
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TIMKEN Share Price *
741.1 +26.5 (3.71%)
* (quote may be delayed)
TIMKEN Share Price Forecast - Consensus
No. of reports in last year
3
No. of analysts
2
Average Consensus Forecast
780.00
Consensus Potential
7.49%

TIMKEN Share Price Target - Broker Reports - 2019

ICICIdirect.com
21-Aug-19
Price @ Call: 692
Target: 835
BUY
To fully utilise ABC’s capacities, TIL is planning a capex of | 35-40 crore at its Bharuch facility (utilisation at ABC is at ~70%). This will help TIL produce‘Timken brand’ bearings for its exports market. Access to new markets/geographies along with operational synergies from the merged entity is likely to be key monitorable from hereon. Going ahead, we expect both its segments, domestic and exports to grow at a CAGR of 10.5% and 14.0%, in FY19-21E, respectively. We expect revenue, EBITDA and PAT to grow at 11.3%, 16.5% and 21.0%, respectively, in FY19-21E. We value the company at 29x FY21E EPS to arrive at target price of Rs 835. We maintain BUY recommendation on the company.
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ICICIdirect.com
6-Jun-19
Price @ Call: 692.05
Target: 830
BUY
To fully utilise ABC capacities, TIL is planning a capex of | 35-40 at its Bharuch facility (current utilisation at ABC at ~70%). This will help TILproduce ‘Timken brand’ bearings for its exports market. Access to new markets/ geographies along with operational synergies from the merged entity is likely to be key monitorable from hereon. Going forward, we expect both its segments, domestic, exports to grow at a CAGR of 11%, 15.5%, in FY19-21E, respectively. We expect revenue, EBITDA, PAT to grow at 12.1%, 14.5%, 18.5%, respectively, in FY19-21E. We expect strong EBITDA growth as we estimated higher utilisation in FY20-21E. We value the company at 30x FY21E EPS to arrive at a target price of | 830. We maintain BUY recommendation on the stock.
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TIMKEN Share Price Target - Broker Reports - 2018

JM Financial
10-Oct-18
Price @ Call: 558.51
Target: 675
BUY

ICICIdirect.com
16-Aug-18
Price @ Call: 709
Target: 835
BUY

ICICIdirect.com
20-Feb-18
Price @ Call: 824.25
Target: 880
HOLD

TIMKEN Share Price Target - Broker Reports - 2017

ICICIdirect.com
10-Aug-17
Price @ Call: 680.5
Target: 867
BUY

ICICIdirect.com
6-Jul-17
Price @ Call: 780
Target: 867
BUY

ICICIdirect.com
29-May-17
Price @ Call: 690
Target: 700
HOLD

ICICIdirect.com
10-Feb-17
Price @ Call: 610
Target: 645
HOLD

TIMKEN Share Price Target - Broker Reports - 2016

ICICIdirect.com
30-Nov-16
Price @ Call: 565
Target: 614
HOLD

ICICIdirect.com
26-May-16
Price @ Call: 537
Target: 594
BUY

Nirmal Bang
23-May-16
Price @ Call: 547.95
Target: 650
BUY

  • TIMKEN - Share Price Target Potential

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    BrokerageTargetPotential
    ICICIdirect.com83514.42%
    JM Financial675-5.87%