[T.S.R:16029] Timken India: Could It Hit Rs 300 By Dec11...or should we give it another qtr?

Timken India: The Overcapacity has Vanished   Company is 80% subsidiary of Timken Inc. and is one of the niche players in Bearing segment with strong technological support from global parent. It manufactures a range of - Tapered Roller Bearings for MCVs/HCVs/ Tractors/Railways & Infrastructure equipments.   It sells to OEMs as well as in replacement markets plus meets global requirements of Timken group. Similarly for the local requirements, it sources from Timken's global Mfg bases also. Company is working to make products for Heavy trucks, Infrastructure equipments and Railways/ Metro Rail applications also. With the strong revival of demand and tremendous potential in all these segments; the performance of company is likely to improve significantly. Capacity utilizations, so far were very low [appx 30% till Dec.'09], may go up in current and coming years, leading to high volumes and better margins. It's a Zero Debt company with large cash in its books and no capex plans in near term. So with improving outlook, positive cash flow will grow only. The possibility of open offer for buy back can't be ruled out either.   Recommendation   With improving demand outlook from user industry, the performance in current and coming years will improve significantly. For Dec.'11 we expect company to report EPS of Rs 15-16, leading to expected price target of Rs 300/- in 12 months time frame. BUY Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.   Nothing in this article is, or should be construed as, investment advice.

--
For Anything related with Stock market be Online at
http://www.niftyviews.com/
 
Get free updates on your mobile phone. Sms "Join TSR " and send to 09223492234
 
FOR TRIAL STOCK/NIFTY/OPTION CALLS
 
 
You received this message because you are subscribed to Google Group "STOCKRESEARCHER" group.
To post to this group, send an email to STOCKRESEARCHER@googlegroups.com
 
To unsubscribe email
Stockresearcher-unsubscribe@googlegroups.com
 
for more info visit
http://groups.google.com/group/STOCKRESEARCHER?hl=en-GB
.
This is Not a Spam Mail.
Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture."