Tinplate Company of India Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: January 18, 2025, 12:38 am

Market Cap	4,506 Cr.
Current Price	430
High / Low	/
Stock P/E	48.3
Book Value	118
Dividend Yield	0.00 %
ROCE	15.8 %
ROE	11.1 %
Face Value	10.0
PEG Ratio	-120.85

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Tinplate Company of India Ltd

Competitors of Tinplate Company of India Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Tinplate Company of India Ltd	4,506 Cr.	430	/	48.3	118	0.00 %	15.8 %	11.1 %	10.0
Industry Average	4,506.00 Cr	430.00		48.30	118.00	0.00%	15.80%	11.10%	10.00

All Competitor Stocks of Tinplate Company of India Ltd

Quarterly Result

Metric	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Sales	531.49	615.14	754.98	866.29	976.82	1,179.51	1,226.88	1,006.52	959.54	959.93	1,032.87	914.25	941.79
Expenses	499.60	561.08	669.85	764.99	869.93	1,046.06	1,068.36	886.03	999.85	907.20	951.74	906.57	941.85
Operating Profit	31.89	54.06	85.13	101.30	106.89	133.45	158.52	120.49	-40.31	52.73	81.13	7.68	-0.06
OPM %	6.00%	8.79%	11.28%	11.69%	10.94%	11.31%	12.92%	11.97%	-4.20%	5.49%	7.85%	0.84%	-0.01%
Other Income	5.46	6.77	7.88	8.11	10.10	10.35	11.48	10.64	12.23	15.10	17.59	17.03	18.16
Interest	1.72	1.42	3.06	2.46	2.06	1.98	1.71	2.18	2.64	2.63	4.76	3.72	3.56
Depreciation	15.46	15.36	15.46	14.91	14.94	14.80	16.15	15.25	15.78	16.50	16.95	17.38	17.66
Profit before tax	20.17	44.05	74.49	92.04	99.99	127.02	152.14	113.70	-46.50	48.70	77.01	3.61	-3.12
Tax %	20.28%	25.52%	24.61%	25.45%	25.06%	25.26%	24.79%	25.26%	-24.54%	25.30%	26.55%	27.15%	-26.60%
Net Profit	16.08	32.82	56.16	68.62	74.93	94.94	114.42	84.98	-35.10	36.38	56.56	2.63	-2.29
EPS in Rs	1.54	3.13	5.36	6.55	7.16	9.07	10.93	8.12	-3.35	3.47	5.40	0.25	-0.22

Last Updated: Unknown

Below is a detailed analysis of the quarterly data for Tinplate Company of India Ltd based on the most recent figures (Sep 2023) and their trends compared to the previous period:

For Sales, as of Sep 2023, the value is 941.79 Cr.. The value appears strong and on an upward trend. It has increased from 914.25 Cr. (Jun 2023) to 941.79 Cr., marking an increase of 27.54 Cr..
For Expenses, as of Sep 2023, the value is 941.85 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 906.57 Cr. (Jun 2023) to 941.85 Cr., marking an increase of 35.28 Cr..
For Operating Profit, as of Sep 2023, the value is -0.06 Cr.. The value appears to be declining and may need further review. It has decreased from 7.68 Cr. (Jun 2023) to -0.06 Cr., marking a decrease of 7.74 Cr..
For OPM %, as of Sep 2023, the value is -0.01%. The value appears to be declining and may need further review. It has decreased from 0.84% (Jun 2023) to -0.01%, marking a decrease of 0.85%.
For Other Income, as of Sep 2023, the value is 18.16 Cr.. The value appears strong and on an upward trend. It has increased from 17.03 Cr. (Jun 2023) to 18.16 Cr., marking an increase of 1.13 Cr..
For Interest, as of Sep 2023, the value is 3.56 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 3.72 Cr. (Jun 2023) to 3.56 Cr., marking a decrease of 0.16 Cr..
For Depreciation, as of Sep 2023, the value is 17.66 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 17.38 Cr. (Jun 2023) to 17.66 Cr., marking an increase of 0.28 Cr..
For Profit before tax, as of Sep 2023, the value is -3.12 Cr.. The value appears to be declining and may need further review. It has decreased from 3.61 Cr. (Jun 2023) to -3.12 Cr., marking a decrease of 6.73 Cr..
For Tax %, as of Sep 2023, the value is -26.60%. The value appears to be improving (decreasing) as expected. It has decreased from 27.15% (Jun 2023) to -26.60%, marking a decrease of 53.75%.
For Net Profit, as of Sep 2023, the value is -2.29 Cr.. The value appears to be declining and may need further review. It has decreased from 2.63 Cr. (Jun 2023) to -2.29 Cr., marking a decrease of 4.92 Cr..
For EPS in Rs, as of Sep 2023, the value is -0.22. The value appears to be declining and may need further review. It has decreased from 0.25 (Jun 2023) to -0.22, marking a decrease of 0.47.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Metric	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	627	877	1,059	911	836	830	1,919	2,584	2,106	2,281	4,250	3,959	3,849
Expenses	553	765	911	787	669	739	1,755	2,451	1,954	2,104	3,748	3,745	3,707
Operating Profit	74	112	148	124	167	91	164	133	151	177	501	214	141
OPM %	12%	13%	14%	14%	20%	11%	9%	5%	7%	8%	12%	5%	4%
Other Income	19	21	25	27	18	18	16	29	24	24	39	55	68
Interest	17	25	21	12	6	3	3	7	10	8	8	12	15
Depreciation	48	58	61	71	73	66	62	64	61	62	61	64	68
Profit before tax	28	50	91	68	106	41	115	92	104	132	471	193	126
Tax %	41%	43%	31%	34%	36%	32%	37%	37%	9%	26%	25%	26%
Net Profit	17	28	63	45	68	28	73	58	95	98	353	143	93
EPS in Rs	1.58	2.70	6.00	4.26	6.48	2.66	6.99	5.54	9.08	9.37	33.71	13.64	8.90
Dividend Payout %	54%	37%	27%	38%	31%	60%	29%	36%	11%	21%	12%	22%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2012-2013	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023
YoY Net Profit Growth (%)	64.71%	125.00%	-28.57%	51.11%	-58.82%	160.71%	-20.55%	63.79%	3.16%	260.20%	-59.49%
Change in YoY Net Profit Growth (%)	0.00%	60.29%	-153.57%	79.68%	-109.93%	219.54%	-181.26%	84.34%	-60.64%	257.05%	-319.69%

Tinplate Company of India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:	16%
5 Years:	16%
3 Years:	23%
TTM:	-12%

Compounded Profit Growth
10 Years:	17%
5 Years:	13%
3 Years:	12%
TTM:	-64%

Stock Price CAGR
10 Years:	21%
5 Years:	39%
3 Years:	0%
1 Year:	0%

Return on Equity
10 Years:	14%
5 Years:	17%
3 Years:	19%
Last Year:	11%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:36 pm

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	105	105	105	105	105	105	105	105	105	105	105	105	105
Reserves	389	395	429	444	518	517	572	606	656	741	1,066	1,158	1,126
Borrowings	247	258	138	45	0	0	0	0	14	13	12	15	15
Other Liabilities	212	240	275	277	244	251	431	465	424	496	798	648	618
Total Liabilities	953	998	946	871	867	874	1,107	1,176	1,198	1,356	1,981	1,926	1,864
Fixed Assets	753	762	723	680	628	604	567	563	578	545	556	596	596
CWIP	36	12	26	17	43	24	43	42	23	15	54	33	56
Investments	0	0	0	0	5	38	51	97	93	72	213	252	83
Other Assets	164	223	196	173	190	208	446	474	503	723	1,157	1,044	1,129
Total Assets	953	998	946	871	867	874	1,107	1,176	1,198	1,356	1,981	1,926	1,864

Below is a detailed analysis of the balance sheet data for Tinplate Company of India Ltd based on the most recent figures (Sep 2023) and their trends compared to the previous period:

For Equity Capital, as of Sep 2023, the value is ₹105.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2023) which recorded 105.00 Cr..
For Reserves, as of Sep 2023, the value is ₹1,126.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,158.00 Cr. (Mar 2023) to ₹1,126.00 Cr., marking a decrease of 32.00 Cr..
For Borrowings, as of Sep 2023, the value is ₹15.00 Cr.. The value remains steady. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. There is no change compared to the previous period (Mar 2023) which recorded 15.00 Cr..
For Other Liabilities, as of Sep 2023, the value is ₹618.00 Cr.. The value appears to be improving (decreasing). It has decreased from 648.00 Cr. (Mar 2023) to ₹618.00 Cr., marking a decrease of 30.00 Cr..
For Total Liabilities, as of Sep 2023, the value is ₹1,864.00 Cr.. The value appears to be improving (decreasing). It has decreased from 1,926.00 Cr. (Mar 2023) to ₹1,864.00 Cr., marking a decrease of 62.00 Cr..
For Fixed Assets, as of Sep 2023, the value is ₹596.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2023) which recorded 596.00 Cr..
For CWIP, as of Sep 2023, the value is ₹56.00 Cr.. The value appears strong and on an upward trend. It has increased from 33.00 Cr. (Mar 2023) to ₹56.00 Cr., marking an increase of 23.00 Cr..
For Investments, as of Sep 2023, the value is ₹83.00 Cr.. The value appears to be declining and may need further review. It has decreased from 252.00 Cr. (Mar 2023) to ₹83.00 Cr., marking a decrease of 169.00 Cr..
For Other Assets, as of Sep 2023, the value is ₹1,129.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,044.00 Cr. (Mar 2023) to ₹1,129.00 Cr., marking an increase of 85.00 Cr..
For Total Assets, as of Sep 2023, the value is ₹1,864.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,926.00 Cr. (Mar 2023) to ₹1,864.00 Cr., marking a decrease of 62.00 Cr..

Notably, the Reserves (1,126.00 Cr.) exceed the Borrowings (15.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity +	114	84	199	170	114	91	108	124	53	252	454	215
Cash from Investing Activity +	-64	-50	-35	-35	-36	-57	-51	-104	-32	-162	-373	-269
Cash from Financing Activity +	-52	-34	-164	-134	-75	-28	-23	-32	-33	-18	-31	-56
Net Cash Flow	-1	0	-1	1	3	5	34	-12	-12	73	50	-109

Free Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Free Cash Flow	-173.00	-146.00	10.00	79.00	167.00	91.00	164.00	133.00	137.00	164.00	489.00	199.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	24	35	20	14	22	36	19	18	12	12	5	2
Inventory Days	85	68	56	80	149	85	57	41	85	63	53	48
Days Payable	84	59	61	90	113	90	53	41	53	56	50	49
Cash Conversion Cycle	24	44	16	4	59	31	23	17	44	19	8	1
Working Capital Days	-21	7	-10	-17	28	36	18	13	26	9	-1	-3
ROCE %	6%	10%	16%	13%	18%	7%	18%	14%	15%	17%	47%	16%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Promoters	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%
FIIs	0.73%	2.42%	2.61%	2.66%	2.97%	3.01%	2.84%	2.26%	2.00%	2.12%	2.03%	2.51%
DIIs	0.01%	0.01%	0.01%	0.00%	0.01%	0.01%	0.00%	0.00%	0.01%	0.00%	0.15%	0.25%
Government	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Public	24.28%	22.60%	22.41%	22.36%	22.04%	22.00%	22.16%	22.75%	23.00%	22.88%	22.84%	22.26%
No. of Shareholders	74,146	76,196	88,744	92,076	96,605	99,614	1,06,511	97,494	92,411	88,548	81,164	75,167

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Nifty Microcap 250 Index Fund	28,305	0.2	1.27	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	13.65	33.72	9.38	9.08	5.54
Diluted EPS (Rs.)	13.65	33.72	9.38	9.08	5.54
Cash EPS (Rs.)	19.78	39.48	15.25	14.91	11.60
Book Value[Excl.RevalReserv]/Share (Rs.)	120.52	111.74	80.73	72.59	67.86
Book Value[Incl.RevalReserv]/Share (Rs.)	120.52	111.74	80.73	72.59	67.86
Dividend / Share (Rs.)	3.00	4.00	2.00	1.00	2.00
Revenue From Operations / Share (Rs.)	377.76	405.50	217.69	200.93	246.62
PBDIT / Share (Rs.)	25.73	51.55	19.21	16.78	15.50
PBIT / Share (Rs.)	19.57	45.74	13.33	10.94	9.44
PBT / Share (Rs.)	18.41	44.96	12.59	9.94	8.76
Net Profit / Share (Rs.)	13.63	33.67	9.37	9.07	5.53
PBDIT Margin (%)	6.81	12.71	8.82	8.35	6.28
PBIT Margin (%)	5.18	11.28	6.12	5.44	3.82
PBT Margin (%)	4.87	11.08	5.78	4.94	3.55
Net Profit Margin (%)	3.60	8.30	4.30	4.51	2.24
Return on Networth / Equity (%)	11.30	30.13	11.60	12.49	8.15
Return on Capital Employeed (%)	14.56	36.65	14.33	12.91	11.67
Return On Assets (%)	7.41	17.81	7.23	7.93	4.93
Asset Turnover Ratio (%)	2.03	2.55	1.79	1.77	2.26
Current Ratio (X)	2.45	1.99	1.91	1.85	1.67
Quick Ratio (X)	1.74	1.36	1.20	0.81	1.03
Inventory Turnover Ratio (X)	7.03	8.64	5.10	5.68	9.36
Dividend Payout Ratio (NP) (%)	29.31	5.93	10.66	22.02	36.09
Dividend Payout Ratio (CP) (%)	20.19	5.05	6.54	13.39	17.22
Earning Retention Ratio (%)	70.69	94.07	89.34	77.98	63.91
Cash Earning Retention Ratio (%)	79.81	94.95	93.46	86.61	82.78
Interest Coverage Ratio (X)	22.07	65.87	25.96	16.78	22.72
Interest Coverage Ratio (Post Tax) (X)	12.69	44.03	13.65	10.07	9.11
Enterprise Value (Cr.)	2722.38	3743.39	1463.68	762.28	1585.30
EV / Net Operating Revenue (X)	0.68	0.88	0.64	0.36	0.61
EV / EBITDA (X)	10.10	6.93	7.27	4.33	9.76
MarketCap / Net Operating Revenue (X)	0.82	0.98	0.73	0.37	0.62
Retention Ratios (%)	70.68	94.06	89.33	77.97	63.90
Price / BV (X)	2.58	3.59	1.99	1.03	2.28
Price / Net Operating Revenue (X)	0.82	0.98	0.73	0.37	0.62
EarningsYield	0.04	0.08	0.05	0.12	0.03

After reviewing the key financial ratios for Tinplate Company of India Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 23, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 22) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 23, the value is 13.65. This value is within the healthy range. It has decreased from 33.72 (Mar 22) to 13.65, marking a decrease of 20.07.
For Diluted EPS (Rs.), as of Mar 23, the value is 13.65. This value is within the healthy range. It has decreased from 33.72 (Mar 22) to 13.65, marking a decrease of 20.07.
For Cash EPS (Rs.), as of Mar 23, the value is 19.78. This value is within the healthy range. It has decreased from 39.48 (Mar 22) to 19.78, marking a decrease of 19.70.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 23, the value is 120.52. It has increased from 111.74 (Mar 22) to 120.52, marking an increase of 8.78.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 23, the value is 120.52. It has increased from 111.74 (Mar 22) to 120.52, marking an increase of 8.78.
For Dividend / Share (Rs.), as of Mar 23, the value is 3.00. This value is within the healthy range. It has decreased from 4.00 (Mar 22) to 3.00, marking a decrease of 1.00.
For Revenue From Operations / Share (Rs.), as of Mar 23, the value is 377.76. It has decreased from 405.50 (Mar 22) to 377.76, marking a decrease of 27.74.
For PBDIT / Share (Rs.), as of Mar 23, the value is 25.73. This value is within the healthy range. It has decreased from 51.55 (Mar 22) to 25.73, marking a decrease of 25.82.
For PBIT / Share (Rs.), as of Mar 23, the value is 19.57. This value is within the healthy range. It has decreased from 45.74 (Mar 22) to 19.57, marking a decrease of 26.17.
For PBT / Share (Rs.), as of Mar 23, the value is 18.41. This value is within the healthy range. It has decreased from 44.96 (Mar 22) to 18.41, marking a decrease of 26.55.
For Net Profit / Share (Rs.), as of Mar 23, the value is 13.63. This value is within the healthy range. It has decreased from 33.67 (Mar 22) to 13.63, marking a decrease of 20.04.
For PBDIT Margin (%), as of Mar 23, the value is 6.81. This value is below the healthy minimum of 10. It has decreased from 12.71 (Mar 22) to 6.81, marking a decrease of 5.90.
For PBIT Margin (%), as of Mar 23, the value is 5.18. This value is below the healthy minimum of 10. It has decreased from 11.28 (Mar 22) to 5.18, marking a decrease of 6.10.
For PBT Margin (%), as of Mar 23, the value is 4.87. This value is below the healthy minimum of 10. It has decreased from 11.08 (Mar 22) to 4.87, marking a decrease of 6.21.
For Net Profit Margin (%), as of Mar 23, the value is 3.60. This value is below the healthy minimum of 5. It has decreased from 8.30 (Mar 22) to 3.60, marking a decrease of 4.70.
For Return on Networth / Equity (%), as of Mar 23, the value is 11.30. This value is below the healthy minimum of 15. It has decreased from 30.13 (Mar 22) to 11.30, marking a decrease of 18.83.
For Return on Capital Employeed (%), as of Mar 23, the value is 14.56. This value is within the healthy range. It has decreased from 36.65 (Mar 22) to 14.56, marking a decrease of 22.09.
For Return On Assets (%), as of Mar 23, the value is 7.41. This value is within the healthy range. It has decreased from 17.81 (Mar 22) to 7.41, marking a decrease of 10.40.
For Asset Turnover Ratio (%), as of Mar 23, the value is 2.03. It has decreased from 2.55 (Mar 22) to 2.03, marking a decrease of 0.52.
For Current Ratio (X), as of Mar 23, the value is 2.45. This value is within the healthy range. It has increased from 1.99 (Mar 22) to 2.45, marking an increase of 0.46.
For Quick Ratio (X), as of Mar 23, the value is 1.74. This value is within the healthy range. It has increased from 1.36 (Mar 22) to 1.74, marking an increase of 0.38.
For Inventory Turnover Ratio (X), as of Mar 23, the value is 7.03. This value is within the healthy range. It has decreased from 8.64 (Mar 22) to 7.03, marking a decrease of 1.61.
For Dividend Payout Ratio (NP) (%), as of Mar 23, the value is 29.31. This value is within the healthy range. It has increased from 5.93 (Mar 22) to 29.31, marking an increase of 23.38.
For Dividend Payout Ratio (CP) (%), as of Mar 23, the value is 20.19. This value is within the healthy range. It has increased from 5.05 (Mar 22) to 20.19, marking an increase of 15.14.
For Earning Retention Ratio (%), as of Mar 23, the value is 70.69. This value exceeds the healthy maximum of 70. It has decreased from 94.07 (Mar 22) to 70.69, marking a decrease of 23.38.
For Cash Earning Retention Ratio (%), as of Mar 23, the value is 79.81. This value exceeds the healthy maximum of 70. It has decreased from 94.95 (Mar 22) to 79.81, marking a decrease of 15.14.
For Interest Coverage Ratio (X), as of Mar 23, the value is 22.07. This value is within the healthy range. It has decreased from 65.87 (Mar 22) to 22.07, marking a decrease of 43.80.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 23, the value is 12.69. This value is within the healthy range. It has decreased from 44.03 (Mar 22) to 12.69, marking a decrease of 31.34.
For Enterprise Value (Cr.), as of Mar 23, the value is 2,722.38. It has decreased from 3,743.39 (Mar 22) to 2,722.38, marking a decrease of 1,021.01.
For EV / Net Operating Revenue (X), as of Mar 23, the value is 0.68. This value is below the healthy minimum of 1. It has decreased from 0.88 (Mar 22) to 0.68, marking a decrease of 0.20.
For EV / EBITDA (X), as of Mar 23, the value is 10.10. This value is within the healthy range. It has increased from 6.93 (Mar 22) to 10.10, marking an increase of 3.17.
For MarketCap / Net Operating Revenue (X), as of Mar 23, the value is 0.82. This value is below the healthy minimum of 1. It has decreased from 0.98 (Mar 22) to 0.82, marking a decrease of 0.16.
For Retention Ratios (%), as of Mar 23, the value is 70.68. This value exceeds the healthy maximum of 70. It has decreased from 94.06 (Mar 22) to 70.68, marking a decrease of 23.38.
For Price / BV (X), as of Mar 23, the value is 2.58. This value is within the healthy range. It has decreased from 3.59 (Mar 22) to 2.58, marking a decrease of 1.01.
For Price / Net Operating Revenue (X), as of Mar 23, the value is 0.82. This value is below the healthy minimum of 1. It has decreased from 0.98 (Mar 22) to 0.82, marking a decrease of 0.16.
For EarningsYield, as of Mar 23, the value is 0.04. This value is below the healthy minimum of 5. It has decreased from 0.08 (Mar 22) to 0.04, marking a decrease of 0.04.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Tinplate Company of India Ltd as of April 13, 2025 is: 516.23

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 13, 2025, Tinplate Company of India Ltd is Undervalued by 20.05% compared to the current share price 430.00

Intrinsic Value of Tinplate Company of India Ltd as of April 13, 2025 is: 514.17

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 13, 2025, Tinplate Company of India Ltd is Undervalued by 19.57% compared to the current share price 430.00

Last 5 Year EPS CAGR: -0.40%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 16.42%, which is a positive sign. The stock has a low average Working Capital Days of 7.08, which is a positive sign. The company has higher reserves (662.85 cr) compared to borrowings (58.23 cr), indicating strong financial stability. The company has shown consistent growth in sales (315.31 cr) and profit (124.38 cr) over the years.	The stock has a high average Cash Conversion Cycle of 24.17, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Tinplate Company of India Ltd:
1. Net Profit Margin: 3.6%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 14.56% (Industry Average ROCE: 15.8%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 11.3% (Industry Average ROE: 11.1%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 12.69
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.74
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 48.3 (Industry average Stock P/E: 48.3)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Tinplate Company of India Ltd. is a Public Limited Listed company incorporated on 20/01/1920 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L28112WB1920PLC003606 and registration number is 003606. Currently Company is involved in the business activities of Manufacturing of Tinplate. Company's Total Operating Revenue is Rs. 3958.87 Cr. and Equity Capital is Rs. 104.80 Cr. for the Year ended 31/03/2023.

INDUSTRY	ADDRESS	CONTACT
Metals - Non Ferrous - Others	4, Bankshall Street, Kolkata West Bengal 700001	company.secretariat@tatatinplate.com http://www.tatatinplate.com

Management
Name	Position Held
Mr. Koushik Chatterjee	Chairman
Mr. R N Murthy	Managing Director
Dr. Sougata Ray	Director
Mr. Shashi Kant Maudgal	Director
Dr. Rupali Basu	Director
Ms. Atrayee Sanyal	Director
Mr. Krishnava Dutt	Director
Mr. Prabhat Kumar	Director

FAQ

What is the latest intrinsic value of Tinplate Company of India Ltd?

The latest intrinsic value of Tinplate Company of India Ltd as on 01 February 2025 is ₹516.23, which is 20.05% higher than the current market price of ₹430.00, indicating the stock is undervalued by 20.05%. The stock has a market capitalization of 4,506 Cr. and recorded a high/low of / during the current fiscal year 2024-2025. As of Sep 2023, the company has reserves of ₹1,126 Cr and total liabilities of 1,864 Cr.

What is the Market Cap of Tinplate Company of India Ltd?

The Market Cap of Tinplate Company of India Ltd is 4,506 Cr..

What is the current Stock Price of Tinplate Company of India Ltd as on 01 February 2025?

The current stock price of Tinplate Company of India Ltd as on 01 February 2025 is 430.

What is the High / Low of Tinplate Company of India Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Tinplate Company of India Ltd stocks is /.

What is the Stock P/E of Tinplate Company of India Ltd?

The Stock P/E of Tinplate Company of India Ltd is 48.3.

What is the Book Value of Tinplate Company of India Ltd?

The Book Value of Tinplate Company of India Ltd is 118.

What is the Dividend Yield of Tinplate Company of India Ltd?

The Dividend Yield of Tinplate Company of India Ltd is 0.00 %.

What is the ROCE of Tinplate Company of India Ltd?

The ROCE of Tinplate Company of India Ltd is 15.8 %.

What is the ROE of Tinplate Company of India Ltd?

The ROE of Tinplate Company of India Ltd is 11.1 %.

What is the Face Value of Tinplate Company of India Ltd?

The Face Value of Tinplate Company of India Ltd is 10.0.