Timken India hits all-time high; up 300% in 3 years
Updated: 20 Jul 2022, 01:25 PM IST
TL;DR.Timken's net profit surged 128.87 per cent YoY to ₹121.30 crore, which is one of the highest in the industry, Trendlyne data showed. The company delivered an ROE of 19.74% in the year ending March 31, 2022, outperforming its five-year average of 14.46%.
Timken India is primarily into the manufacture and distribution of tapered roller bearings, components and accessories for the automotive sector and the railway industry.