CMP: 219

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.

Timken is a decent mid-cap pick. Its currently trading at a P/E of 24. It runs at Zero debt with minimal cash in hand. Revenues have grown steadily from 339 Crores to 821 Crores in the last 5 years. Profits have grown from 37 Crores to 81 Crores in the last 5 years. NPM has dipped marginally from 11% to 10% over the last 5 years. Profits have not grown much in 2012 so far. Its a decent buy at lower levels.