TIMKEN INDIA LTD.

Manufactures bearings — primarily tapered roller bearings (TRB), cylindrical roller bearings (CRB) and plain bearings — at its Bharuch and Jamshedpur plants in India. In FY26, consolidated revenue reached INR 3,478 crores, with standalone revenue at INR 3,148 crores (+8.6% YoY). The product range serves mobile equipment applications (around 65% of India bearing demand) like railways and vehicles, and process industries (around 35%) such as steel, cement, power generation, material handling, and wind energy where turbines are scaling toward 5MW. A new Bharuch plant generated INR 80 crores in its first full year of operation, with the company targeting 70% utilisation by July 2026. The Jamshedpur rail bearing expansion, with capex of INR 120+ crores, is scheduled to begin production in November-December 2026. The board approved a merger of wholly-owned Timken GGB into the parent to consolidate plain-bearings operations. Exports surged 66% YoY to INR 707 crores in FY26, with North America leading despite the absence of a US trade deal. Q4 standalone revenue crossed INR 1,000 crores for the first time at INR 1,073.1 crores (+14.2% YoY). Materials — particularly steel, grinding wheels and coolants — make up 29.8% of revenue, and input cost inflation has intensified; only 10% of planned price hikes have been passed through to customers so far. Capex ran at 8.5% of revenue in FY26, with FY27 guided at 8-9%.