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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 514236 | NSE: TTLEL

Fundamental Analysis of T T Ltd (TTL)

Basic Stock Data

Last Updated: June 12, 2024, 11:20 am

Market Cap 227 Cr.
Current Price 105
High / Low128/71.0
Stock P/E49.0
Book Value 33.4
Dividend Yield0.00 %
ROCE7.90 %
ROE6.67 %
Face Value 10.0
PEG Ratio1.62

Competitors of T T Ltd (TTL)

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Addi Industries Ltd 55.2 Cr. 51.170.7/30.211.8 71.72.45 %8.38 %6.17 % 5.00
Amit International Ltd 6.79 Cr. 3.586.09/2.5097.0 10.40.00 %0.46 %0.36 % 10.0
Nahar Spinning Mills Ltd 1,021 Cr. 283362/225 4100.53 %0.43 %2.98 % 5.00
Rupa & Company Ltd 2,154 Cr. 271309/22729.7 1201.11 %10.1 %7.76 % 1.00
Pioneer Embroideries Ltd 145 Cr. 49.267.0/36.640.8 49.40.00 %5.60 %2.59 % 10.0
Industry Average567.48 Cr120.3629.88111.760.68%9.51%29.31%6.83

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales116.4383.60117.65119.4474.8556.0240.5648.1558.2959.2948.1452.2151.39
Expenses99.9872.12104.74109.3270.2950.7142.1741.6658.7353.9443.3850.1744.98
Operating Profit16.4511.4812.9110.124.565.31-1.616.49-0.445.354.762.046.41
OPM %14.13%13.73%10.97%8.47%6.09%9.48%-3.97%13.48%-0.75%9.02%9.89%3.91%12.47%
Other Income-25.840.120.30-0.080.380.131.060.210.220.230.210.140.50
Interest7.176.547.095.112.864.294.104.334.484.094.034.003.98
Depreciation2.490.910.910.860.560.610.670.930.910.780.790.800.79
Profit before tax-19.054.155.214.071.520.54-5.321.44-5.610.710.15-2.622.14
Tax %85.51%0.00%0.00%0.00%26.97%-18.52%-106.39%42.36%43.67%29.58%40.00%16.79%-190.65%
Net Profit-2.774.165.214.061.100.64-10.980.83-3.160.490.09-2.186.23
EPS in Rs-1.291.942.421.890.510.30-5.110.39-1.470.230.04-1.012.90

Last Updated: June 10, 2024, 6:13 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: June 25, 2024, 9:10 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales502742678698678511524423394396203211
Expenses449678615649642481488388354356193192
Operating Profit536463493630373540391019
OPM %11%9%9%7%5%6%7%8%10%10%5%9%
Other Income0-00412742-25021
Interest333842353330303328221716
Depreciation121515151512111111333
Profit before tax912631-60-7-2515-90
Tax %23%22%34%35%-260%-166%-23%82%69%3%-41%-1,118%
Net Profit79422-150-1-815-135
EPS in Rs3.054.181.881.001.00-6.860.07-0.59-3.546.76-5.892.15
Dividend Payout %33%24%53%50%0%0%0%0%0%15%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)28.57%-55.56%-50.00%0.00%-850.00%100.00%-700.00%287.50%-186.67%138.46%
Change in YoY Net Profit Growth (%)0.00%-84.13%5.56%50.00%-850.00%950.00%-800.00%987.50%-474.17%325.13%

Growth

Compounded Sales Growth
10 Years:-9%
5 Years:-17%
3 Years:-22%
TTM:-1%
Compounded Profit Growth
10 Years:%
5 Years:-7%
3 Years:%
TTM:43%
Stock Price CAGR
10 Years:15%
5 Years:16%
3 Years:35%
1 Year:41%
Return on Equity
10 Years:2%
5 Years:5%
3 Years:9%
Last Year:-19%

Last Updated: April 13, 2024, 9:20 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital22222222222222222222222222
Reserves73778283836956555347584646
Borrowings261325329319307314267277272254171149140
Other Liabilities14202220303748444736211921
Total Liabilities369443455444442442392397394358272235229
Fixed Assets22421428627326926022523022394918988
CWIP37400300000000
Investments0000000000000
Other Assets143155169170169182167168171264181146142
Total Assets369443455444442442392397394358272235229

Reserves and Borrowings Chart

T T Ltd (TTL) Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 135659474816522139404124
Cash from Investing Activity -15-73-14-3-12924-6-3116514
Cash from Financing Activity -017-44-43-36-25-76-15-36-51-107-39
Net Cash Flow-1-00-0-00-0-0-01-1-1

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-272.00-265.00-256.00-258.00-278.00-237.00-240.00-237.00-214.00-132.00-139.00-110.00

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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days322527283128262743325851
Inventory Days723849454921474114108108204196
Days Payable1066126345172391417
Cash Conversion Cycle945870627420795124128130249230
Working Capital Days6041515163727892195118205241
ROCE %11%12%11%9%6%5%8%7%9%13%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters58.06%58.06%58.17%58.28%58.39%58.49%58.52%58.62%58.64%58.66%58.66%58.68%
FIIs0.00%0.00%0.00%0.14%0.37%0.15%0.08%0.06%0.06%0.06%0.06%0.00%
DIIs0.00%0.00%0.00%0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public41.94%41.94%41.82%41.58%41.23%41.36%41.41%41.33%41.29%41.30%41.29%41.32%
No. of Shareholders15,61316,35916,12116,47719,20819,22918,93717,01716,78816,61816,51414,577

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)50.5546.55-12.84-10.45-11.40
Diluted EPS (Rs.)50.5546.55-12.84-10.45-11.40
Cash EPS (Rs.)50.5646.55-12.84-10.45-11.40
Book Value[Excl.RevalReserv]/Share (Rs.)-33.79-84.35-130.90-118.07-107.61
Book Value[Incl.RevalReserv]/Share (Rs.)-33.79-84.35-130.90-118.07-107.61
Revenue From Operations / Share (Rs.)5528.531679.970.000.000.00
PBDIT / Share (Rs.)23.5568.79-12.84-10.45-11.40
PBIT / Share (Rs.)23.5568.79-12.84-10.45-11.40
PBT / Share (Rs.)71.5155.16-12.84-10.45-11.40
Net Profit / Share (Rs.)50.5646.55-12.84-10.45-11.40
PBDIT Margin (%)0.424.090.000.000.00
PBIT Margin (%)0.424.090.000.000.00
PBT Margin (%)1.293.280.000.000.00
Net Profit Margin (%)0.912.770.000.000.00
Return on Networth / Equity (%)-149.61-55.190.000.000.00
Return on Capital Employeed (%)-69.68695.259.808.8510.59
Return On Assets (%)2.624.64-385.90-298.13-329.03
Long Term Debt / Equity (X)0.00-0.130.000.000.00
Total Debt / Equity (X)0.00-0.130.000.000.00
Asset Turnover Ratio (%)3.783.340.000.000.00
Current Ratio (X)0.981.010.000.010.01
Quick Ratio (X)0.981.010.000.010.01
Interest Coverage Ratio (X)0.0010015.820.000.000.00
Interest Coverage Ratio (Post Tax) (X)0.008762.900.000.000.00
Enterprise Value (Cr.)0.000.080.000.000.00
EV / Net Operating Revenue (X)0.000.010.000.000.00
EV / EBITDA (X)-0.010.160.020.050.04
EarningsYield505.60465.54-128.38-104.50-114.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 111.34

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.

Undervalued: 6.04% compared to the current price 105

Intrinsic Value: 144.96

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 38.06% compared to the current price ₹105

Last 5 Year EPS CAGR: 30.19%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
    1. The stock has a low average ROCE of 7.83%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 105.58, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 126.75, which may not be favorable.
    4. The company has higher borrowings (259.42) compared to reserves (63.25), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (496.67) and profit (-0.08).

    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 T T Ltd (TTL):
      1. Net Profit Margin: 0.91%
        • 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: -69.68% (Industry Average ROCE: 5.45%)
        • 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%: -149.61% (Industry Average ROE: 4.79%)
        • 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): 0.00
        • 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: 0.98
        • 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: 49.0 (Industry average Stock P/E: 36.7)
        • 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: 0.00
        • 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

    T T Ltd. is a Public Limited Listed company incorporated on 29/09/1978 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L18101DL1978PLC009241 and registration number is 009241. Currently company belongs to the Industry of Textiles - Hosiery/Knitwear. Company’s Total Operating Revenue is Rs. 395.54 Cr. and Equity Capital is Rs. 21.50 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    Textiles - Hosiery/KnitwearTT Garment Park, No.879, Master Prithvi Nath Marg, New Delhi Delhi 110005newdelhi@ttlimited.co.in
    http://www.ttlimited.co.in
    Management
    NamePosition Held
    Dr. Rikhab C JainChairman
    Mr. Sanjay Kumar JainManaging Director
    Mrs. Jyoti JainJoint Managing Director
    Mr. Rahul JainIndependent Director
    Mr. Puneet Vijay BothraIndependent Director
    Mr. Ankit GulguliaIndependent Director
    Mr. Sunil MahnotDirector - Finance & CFO
    Mr. Amit DugarIndependent Director

    FAQ

    What is the latest fair value of T T Ltd (TTL)?

    The latest fair value of T T Ltd (TTL) is ₹111.34.

    What is the Market Cap of T T Ltd (TTL)?

    The Market Cap of T T Ltd (TTL) is 227 Cr..

    What is the current Stock Price of T T Ltd (TTL) as on 25 June 2024?

    The current stock price of T T Ltd (TTL) as on 25 June 2024 is ₹105.

    What is the High / Low of T T Ltd (TTL) stocks in FY 2024?

    In FY 2024, the High / Low of T T Ltd (TTL) stocks is 128/71.0.

    What is the Stock P/E of T T Ltd (TTL)?

    The Stock P/E of T T Ltd (TTL) is 49.0.

    What is the Book Value of T T Ltd (TTL)?

    The Book Value of T T Ltd (TTL) is 33.4.

    What is the Dividend Yield of T T Ltd (TTL)?

    The Dividend Yield of T T Ltd (TTL) is 0.00 %.

    What is the ROCE of T T Ltd (TTL)?

    The ROCE of T T Ltd (TTL) is 7.90 %.

    What is the ROE of T T Ltd (TTL)?

    The ROE of T T Ltd (TTL) is 6.67 %.

    What is the Face Value of T T Ltd (TTL)?

    The Face Value of T T Ltd (TTL) is 10.0.

    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 T T Ltd (TTL). 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