Timex Group India shares are trading at ₹632.55 as of August 27, 2026, showing positive momentum with 96.20% gains over the past six months. The stock opened at ₹630.4 and closed at ₹630 the previous day, with today's trading range between ₹629.00 and ₹641.00. The company's market capitalization stands at ₹6,349.76 crore with a PE ratio of 74.12 and PB ratio of 84.37 as of August 27, 2026. The stock has recorded a 52-week high of ₹647.80 and 52-week low of ₹318.05, with mutual fund shareholding at 0.08%.
Brokerage firm Systematix has initiated coverage on Timex Group India Ltd. with a Buy rating valuing the company at 45 times September 2028E earnings per share, arriving at a target price of ₹820. According to the brokerage, Timex Group has successfully engineered a structural corporate turnaround, evolving from a historically loss-making entity into a high-margin, asset-light luxury and fashion watch powerhouse. The target price represents an upside of around 30% from the report's reference price of ₹629.
Latest financial data reveals Timex Group delivered exceptional performance with revenue growing at a CAGR of 32% between FY22 and FY26 to nearly ₹8 billion. The company's strategic initiatives have delivered remarkable margin improvements, with Ebitda margin expanding to 13.6% in FY26 from 2.9% in FY22. Additionally, Return on Capital Employed (RoCE) surged to an extraordinary 81.5% in FY26 from 14.7% in FY22, as reported by Systematix. The company generated free cash flow of ₹838 million in FY26, supporting balance-sheet improvement.
The company's strategic initiatives have delivered remarkable margin improvements, with Ebitda margin expanding to 13.6% in FY26 from 2.9% in FY22. Additionally, Return on Capital Employed (RoCE) surged to an extraordinary 81.5% in FY26 from 14.7% in FY22, as reported by Systematix. Systematix expects Timex to deliver revenue CAGR of 29.1%, Ebitda CAGR of 37.3% and Adjusted PAT CAGR of 40.5% over FY26-FY29E. The brokerage anticipates this growth will be driven by sustained topline growth, gross-margin expansion and operating leverage, with strong free cash flow generation enabling rapid deleveraging and sustaining >50% RoCE by FY29E.
Systematix expects Timex to deliver revenue to grow at a CAGR of 29.1% over FY26-FY29, rising from ₹7.99 billion to ₹17.19 billion. EBITDA is projected to grow at a CAGR of 37.3% to ₹2.82 billion, while EBITDA margin is expected to improve from 13.6% to 16.4%. Adjusted profit after tax is forecast to grow at a CAGR of 40.5%, reaching ₹2.09 billion by FY29. Free cash flow is expected to more than double to ₹1.79 billion. The firm expects gross margins to rise gradually from 43.2% in FY26 to 45.5% by FY29, supported by better product mix, pricing, localisation and supply-chain efficiencies.
