External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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Equity Bottom-Up

<ul><li>Timken India is into manufacturing, distribution and sale of antifriction bearings, primarily tapered roller bearings, cylindrical roller bearing and other bearing components and accessories</li><li>They are also in power transmission product brands &amp; partner with renewable energy companies to power some of world’s largest wind mills</li><li>Target Price and Valuation: We value Timken at Rs 2405 i.e. 48x P/E on FY24E EPS</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Timken India is into manufacturing, distribution and sale of antifriction bearings, primarily tapered roller bearings, cylindrical roller bearing and other bearing components and accessoriesThey are also in power transmission product brands &amp; partner with renewable energy companies to power some of world’s largest wind millsTarget Price and Valuation: We value Timken at Rs 2405 i.e. 48x P/E on FY24E EPSContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Timken India: Decent Set of Operational Numbers

<ul><li>Timken India is into manufacturing, distribution and sale of antifriction bearings</li><li>They are also in power transmission product brands &amp; partner with renewable energy companies to power some of world’s largest wind mills</li><li>We continue to maintain our HOLD rating on the stock. We value Timken at Rs 2240 i.e. 45x P/E on FY24E EPS</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Timken India is into manufacturing, distribution and sale of antifriction bearingsThey are also in power transmission product brands &amp; partner with renewable energy companies to power some of world’s largest wind millsWe continue to maintain our HOLD rating on the stock. We value Timken at Rs 2240 i.e. 45x P/E on FY24E EPSContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Timken India: Strong Performance but Expensive Valuations

<p>We continue to maintain out HOLD rating on the stock Target Price and Valuation: We value Timken at Rs 1740 i.e. 40x P/E on FY24E EPS Key triggers for future price performance:...</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

We continue to maintain out HOLD rating on the stock Target Price and Valuation: We value Timken at Rs 1740 i.e. 40x P/E on FY24E EPS Key triggers for future price performance:...Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

India

Timken India Limited provides friction management solutions for a wide range of industry applications across the globe; from agriculture to construction, from heavy industrial applications to automobiles and from rail to related products. Timken provides a complete package solution for bearings and roll-shop maintenance.

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Timken India (TMKN IN)

Timken India: Decent Set of Operational Numbers

Timken India is into manufacturing, distribution and sale of antifriction bearings, primarily tapered roller bearings, cylindrical roller bearing...

ICICI Securities Limited

Timken India: Strong Performance but Expensive Valuations

Timken India is into manufacturing, distribution and sale of antifriction bearings. They are also in power transmission product brands & partner...

ICICI Securities Limited

Timken India: Strong Performance but Expensive Valuations

We continue to maintain out HOLD rating on the stock Target Price and Valuation: We value Timken at Rs 1740 i.e. 40x P/E on FY24E EPS Key triggers...

ICICI Securities Limited

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