Accumulate Timken India; target of Rs 4300: Asit C Mehta

About this update from Timken India Limited

Asit C Mehta report on Timken IndiaTimken India Ltd. is engaged in the manufacturing, distribution, and sale of anti-friction bearings, components, accessories, and mechanical power transmission products for the customer base across different sectors. It also provides maintenance contracts, refurbishment services and industrial services. It was incorporated in 1987 and is a part of the global Timken Group.OutlookHence, we recommend Timken India with a target price of ₹ 4,300 based on the PE Multiple of ~45x of FY26E EPS of ₹ 95.6; it’s currently available at a valuation of 34.82x which is a lower end PE valuation of last 3 years. It’s available at a very attractive valuation by looking at strong order inflow and earnings growth visibility in the next 3 years. Hence, we recommend ACCUMULATE rating for the long term.For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Timken India - 02052024 - ac

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