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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Shree Tirupati Balajee FIBC Ltd

About the Company - Shree Tirupati Balajee FIBC Ltd

Shree Tirupati Balajee FIBC Ltd. is a Public Limited Listed company incorporated on 21/10/2009 and has its registered office in the State of Madhya Pradesh, India. Company’s Corporate Identification Number(CIN) is L25202MP2009PLC022526 and registration number is 022526. Currently Company is involved in the business activities of Manufacture of plastic articles for the packing of goods (plastic bags, sacks, containers, boxes, cases, carboys, bottles etc.). Company’s Total Operating Revenue is Rs. 197.76 Cr. and Equity Capital is Rs. 10.13 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Packaging & ContainersPlot No. A.P.-14 (Apparel Park), Pithampur Madhya Pradesh 454774cs@tirupatibalajee.com
http://www.tirupatibalajee.com
Management
NamePosition Held
Mr. Binod Kumar AgarwalChairman & Managing Director
Mr. Ranjan Kumar MohapatraExecutive Director
Mr. Sakul GroverNon Executive Director
Mrs. Priyanka SengarIndependent Director
Mr. Yash KhemchandaniIndependent Director
Mr. Hatim BadshahIndependent Director

Shree Tirupati Balajee FIBC Ltd. Share Price Update

Share PriceValue
Today₹473.20
Previous Day₹473.20

Basic Stock Data of Shree Tirupati Balajee FIBC Ltd

Market Cap 501 Cr.
Current Price 495
High / Low546/99.9
Stock P/E30.2
Book Value 74.0
Dividend Yield0.00 %
ROCE13.4 %
ROE15.8 %
Face Value 10.0

Data Source: screener.in

Competitors of Shree Tirupati Balajee FIBC Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Rollatainers Ltd 39.8 Cr. 1.591.90/0.85568 0.230.00 %0.98 %16.8 % 1.00
Worth Peripherals Ltd 185 Cr. 118137/84.214.0 94.80.82 %19.0 %13.5 % 10.0
Safari Industries (India) Ltd 9,671 Cr. 2,0332,315/92256.6 1080.09 %37.5 %34.4 % 2.00
Manaksia Ltd 759 Cr. 116194/99.17.00 1195.20 %16.0 %9.25 % 2.00
Radha Madhav Corporation Ltd 18.3 Cr. 2.003.33/1.1514.8 0.130.00 %178 %% 10.0
Industry Average202.22 Cr47.92132.0864.431.22%50.3%14.79%5

Shree Tirupati Balajee FIBC Ltd Quarterly Results

MonthMar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Sales605952496887111977976
Expenses555450456380105907160
Operating Profit55245667916
OPM %9%9%5%8%8%7%6%7%11%21%
Other Income000000000-0
Interest1111111212
Depreciation1010110111
Profit before tax43124444713
Tax %20%15%25%18%31%17%22%16%18%16%
Net Profit33123434611
EPS in Rs2.982.890.641.982.723.553.363.715.5510.78

Shree Tirupati Balajee FIBC Ltd Quarterly Chart

Shree Tirupati Balajee FIBC Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1234053617098121111117198176156
Expenses1203548546288110104108185161131
Operating Profit0366671111710131625
OPM %13%13%14%11%11%11%11%9%7%8%6%9%16%
Other Income000110-0-00000-0
Interest0123323222334
Depreciation0111111111111
Profit before tax013334674691120
Tax %0%66%31%6%2%15%21%14%17%26%19%17%
Net Profit00223356457917
EPS in Rs0.287.1136.1839.4154.5949.904.986.193.534.716.919.2516.33
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Shree Tirupati Balajee FIBC Ltd Profit & Loss Yearly Chart

Shree Tirupati Balajee FIBC Ltd Growth

Compounded Sales Growth
10 Years:22%
5 Years:12%
3 Years:17%
TTM:-25%
Compounded Profit Growth
10 Years:36%
5 Years:13%
3 Years:38%
TTM:131%
Stock Price CAGR
10 Years:%
5 Years:63%
3 Years:132%
1 Year:269%
Return on Equity
10 Years:16%
5 Years:13%
3 Years:14%
Last Year:16%

Shree Tirupati Balajee FIBC Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital01111110101010101010
Reserves36811141723293338455465
Borrowings11141625232127273340484855
Other Liabilities15335259651067
Total Liabilities15252939424165768292113118137
Fixed Assets3131313141313131213161514
CWIP9000000036111819
Investments0000000000000
Other Assets41215262828526267738686104
Total Assets15252939424165768292113118137

Shree Tirupati Balajee FIBC Ltd Reserves and Borrowings Chart

Shree Tirupati Balajee FIBC Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 014265-432175
Cash from Investing Activity -81-1-0-2-1-8-1-5-5-11-3
Cash from Financing Activity 7-2-4-1-5-412-1436-4
Net Cash Flow-01-01-1-0001-22-2

Shree Tirupati Balajee FIBC Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days2696427426265603932465134
Inventory Days476959910286727110211814188123
Days Payable4659186791232179122
Cash Conversion Cycle699100109138141128119109133177127155
Working Capital Days790125116152132120135133160182116149
ROCE %1%15%23%18%17%16%19%15%9%10%12%13%

Shree Tirupati Balajee FIBC Ltd Financial Efficiency Indicators Chart

Shree Tirupati Balajee FIBC Ltd Share Holding Pattern

MonthMar 2018Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Promoters62.56%62.56%63.65%65.70%66.41%66.74%68.63%69.49%70.88%70.88%67.12%63.85%
Public37.44%37.44%36.35%34.30%33.59%33.27%31.37%30.50%29.13%29.12%32.88%36.15%
No. of Shareholders289249206179165147127122114116110141

Shree Tirupati Balajee FIBC Ltd Shareholding Pattern Chart

No. of Shree Tirupati Balajee FIBC Ltd Shareholders

This stock is not held by any mutual fund

Shree Tirupati Balajee FIBC Ltd ROCE Trend

Shree Tirupati Balajee FIBC Ltd EPS Trend

Shree Tirupati Balajee FIBC Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.00
Basic EPS (Rs.)9.256.914.713.53
Diluted EPS (Rs.)9.256.914.713.53
Cash EPS (Rs.)10.418.275.784.55
Book Value[Excl.RevalReserv]/Share (Rs.)63.2654.0147.0942.38
Book Value[Incl.RevalReserv]/Share (Rs.)63.2654.0147.0942.38
Revenue From Operations / Share (Rs.)173.99195.22115.62109.65
PBDIT / Share (Rs.)15.3912.479.507.49
PBIT / Share (Rs.)14.2311.108.436.47
PBT / Share (Rs.)11.188.586.374.25
Net Profit / Share (Rs.)9.256.914.713.53
NP After MI And SOA / Share (Rs.)9.256.914.713.53
PBDIT Margin (%)8.846.388.216.82
PBIT Margin (%)8.175.687.285.90
PBT Margin (%)6.424.395.503.87
Net Profit Margin (%)5.313.544.073.22
NP After MI And SOA Margin (%)5.313.544.073.22
Return on Networth / Equity (%)14.6212.799.998.33
Return on Capital Employeed (%)17.4816.3115.4513.77
Return On Assets (%)7.936.205.184.36
Long Term Debt / Equity (X)0.250.220.120.07
Total Debt / Equity (X)0.740.880.750.72
Asset Turnover Ratio (%)1.531.931.350.00
Current Ratio (X)2.151.671.721.68
Quick Ratio (X)1.020.840.851.00
Inventory Turnover Ratio (X)3.144.053.350.00
Interest Coverage Ratio (X)5.054.994.653.39
Interest Coverage Ratio (Post Tax) (X)4.043.773.312.60
Enterprise Value (Cr.)219.65119.2877.1051.94
EV / Net Operating Revenue (X)1.250.600.650.46
EV / EBITDA (X)14.099.458.016.85
MarketCap / Net Operating Revenue (X)0.970.370.350.20
Price / BV (X)2.691.340.870.53
Price / Net Operating Revenue (X)0.970.370.350.20
EarningsYield0.050.090.110.15

Shree Tirupati Balajee FIBC Ltd Profitability Ratios (%)

Shree Tirupati Balajee FIBC Ltd Liquidity Ratios

Shree Tirupati Balajee FIBC Ltd Liquidity Ratios (%)

Shree Tirupati Balajee FIBC Ltd Interest Coverage Ratios (X)

Shree Tirupati Balajee FIBC Ltd Valuation Ratios

Fair Value / Intrinsic Value of Shree Tirupati Balajee FIBC Ltd

Fair Value: ₹360.16

The stock is overvalued by 27.24% compared to the current price ₹495

*Investments are subject to market risks

Strength and Weakness of Shree Tirupati Balajee FIBC Ltd

StrengthWeakness
  1. The company has shown consistent growth in sales (94.23 cr) and profit (5.92 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 10.06 and average Dividend Yield of 6.76%.
  2. The stock has a low average ROCE of 14.00%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 192.50, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 177.92, which may not be favorable.
  5. The company has higher borrowings (29.85) compared to reserves (26.62), which may suggest financial risk.

Should I Buy Shree Tirupati Balajee FIBC Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Shree Tirupati Balajee FIBC Ltd:
    1. Net Profit Margin: 5.31%
      • 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: 17.48% (Industry Average ROCE: 44.3%)
      • 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. Interest Coverage Ratio (Post Tax): 4.04
      • 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.
    4. Quick Ratio: 1.02
      • 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.
    5. ✓ Stock P/E: 30.2 (Industry average Stock P/E: 141.34)
      • 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.
    6. ✓ Total Debt / Equity: 0.74
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Shree Tirupati Balajee FIBC Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE