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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Tainwala Chemicals & Plastics (India) Ltd

About the Company - Tainwala Chemicals & Plastics (India) Ltd

Tainwala Chemicals & Plastics (India) Ltd. is a Public Limited Listed company incorporated on 04/09/1985 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24100MH1985PLC037387 and registration number is 037387. Currently company belongs to the Industry of Plastics - Sheets/Films. Company’s Total Operating Revenue is Rs. 7.72 Cr. and Equity Capital is Rs. 9.36 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Plastics - Sheets/FilmsTainwala House, Road No. 18, Mumbai Maharashtra 400093cs@tainwala.in
http://www.tainwala.in
Management
NamePosition Held
Mr. Rakesh TainwalaChairman & Managing Director
Mrs. Simaran MansukhaaniDirector - Finance & CFO
Mr. Ketan Dhirajlal BaraiIndependent Director
Mr. Mayank DhuldhoyaIndependent Director
Mr. C K DoshiIndependent Director
Mr. Ayush Ramesh TainwalaExecutive Director
Mr. Devendra Saligram AnandIndependent Director

Tainwala Chemicals & Plastics (India) Ltd. Share Price Update

Share PriceValue
Today₹143.90
Previous Day₹147.40

Basic Stock Data of Tainwala Chemicals & Plastics (India) Ltd

Market Cap 135 Cr.
Current Price 144
High / Low167/97.2
Stock P/E55.5
Book Value 118
Dividend Yield0.00 %
ROCE2.74 %
ROE2.17 %
Face Value 10.0

Data Source: screener.in

Competitors of Tainwala Chemicals & Plastics (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Rajshree Polypack Ltd 311 Cr. 272284/13932.1 1170.19 %11.2 %8.84 % 10.0
Premier Polyfilm Ltd 426 Cr. 203203/68.023.2 39.60.26 %19.6 %17.0 % 5.00
Industry Average368.5 Cr237.527.6578.30.23%15.4%12.92%7.5

Tainwala Chemicals & Plastics (India) Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1.163.041.311.783.631.001.771.181.748.146.486.364.40
Expenses1.913.272.391.844.123.072.082.191.6812.316.646.284.43
Operating Profit-0.75-0.23-1.08-0.06-0.49-2.07-0.31-1.010.06-4.17-0.160.08-0.03
OPM %-64.66%-7.57%-82.44%-3.37%-13.50%-207.00%-17.51%-85.59%3.45%-51.23%-2.47%1.26%-0.68%
Other Income1.760.740.670.332.860.950.553.833.571.820.555.380.51
Interest0.020.000.010.000.330.010.000.000.000.010.010.000.00
Depreciation0.120.110.120.130.120.010.090.120.120.120.120.120.11
Profit before tax0.870.40-0.540.141.92-1.140.152.703.51-2.480.265.340.37
Tax %0.00%0.00%0.00%0.00%7.81%13.16%13.33%10.00%0.00%-13.71%0.00%11.61%27.03%
Net Profit0.870.40-0.550.141.77-0.990.142.443.51-2.820.264.720.27
EPS in Rs0.930.43-0.590.151.89-1.060.152.613.75-3.010.285.040.29

Tainwala Chemicals & Plastics (India) Ltd Quarterly Chart

Tainwala Chemicals & Plastics (India) Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales10.469.638.279.739.445.7311.4811.5310.586.477.7212.8322.72
Expenses11.8210.408.9110.7311.858.1114.3714.9312.568.9011.4318.2626.91
Operating Profit-1.36-0.77-0.64-1.00-2.41-2.38-2.89-3.40-1.98-2.43-3.71-5.43-4.19
OPM %-13.00%-8.00%-7.74%-10.28%-25.53%-41.54%-25.17%-29.49%-18.71%-37.56%-48.06%-42.32%-18.44%
Other Income2.342.141.733.886.899.749.695.646.862.624.819.7711.32
Interest0.030.020.020.020.100.080.040.040.030.040.350.010.02
Depreciation0.690.760.710.760.520.540.390.410.500.480.380.440.48
Profit before tax0.260.590.362.103.866.746.371.794.35-0.330.373.896.63
Tax %0.00%0.00%16.67%3.33%0.26%0.00%0.00%-15.08%0.46%0.00%0.00%15.68%
Net Profit0.260.590.302.033.866.746.372.054.34-0.320.373.285.67
EPS in Rs0.280.630.322.174.127.206.802.194.63-0.340.403.506.06
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Tainwala Chemicals & Plastics (India) Ltd Profit & Loss Yearly Chart

Tainwala Chemicals & Plastics (India) Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:2%
3 Years:7%
TTM:346%
Compounded Profit Growth
10 Years:21%
5 Years:-19%
3 Years:-21%
TTM:-52%
Stock Price CAGR
10 Years:23%
5 Years:19%
3 Years:32%
1 Year:40%
Return on Equity
10 Years:3%
5 Years:1%
3 Years:-1%
Last Year:2%

Tainwala Chemicals & Plastics (India) Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital9.369.369.369.369.369.369.369.369.369.369.369.369.36
Reserves28.8129.4129.7131.2135.0757.9666.0967.6176.4288.5980.8889.36100.93
Borrowings0.000.000.000.000.800.360.180.000.040.000.000.000.00
Other Liabilities1.431.061.261.551.351.711.662.452.952.361.310.725.23
Total Liabilities39.6039.8340.3342.1246.5869.3977.2979.4288.77100.3191.5599.44115.52
Fixed Assets5.274.653.992.713.303.242.943.112.702.722.943.583.34
CWIP0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments18.5916.4819.5220.7325.0846.6952.6153.5562.8280.7074.3888.76102.31
Other Assets15.7418.7016.8218.6818.2019.4621.7422.7623.2516.8914.237.109.87
Total Assets39.6039.8340.3342.1246.5869.3977.2979.4288.77100.3191.5599.44115.52

Tainwala Chemicals & Plastics (India) Ltd Reserves and Borrowings Chart

Tainwala Chemicals & Plastics (India) Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0.222.040.03-1.57-5.61-0.37-3.44-2.40-7.433.66-2.09-5.54
Cash from Investing Activity -1.933.04-4.051.224.181.084.823.774.77-3.012.325.45
Cash from Financing Activity -0.02-0.02-0.01-0.010.70-0.51-0.23-0.04-0.08-0.04-0.35-0.01
Net Cash Flow-1.735.06-4.03-0.37-0.730.201.161.33-2.740.61-0.12-0.10

Tainwala Chemicals & Plastics (India) Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days52.3427.2924.7288.91103.2470.0752.1420.5885.90135.3924.5918.21
Inventory Days215.64197.67261.55139.70168.06394.27167.16208.52179.74280.66239.2373.92
Days Payable21.959.6111.7127.2819.4172.3532.0955.6583.0997.4718.804.60
Cash Conversion Cycle246.03215.35274.56201.32251.89391.99187.21173.44182.56318.59245.0187.53
Working Capital Days303.24171.32185.37174.81281.48348.44211.43218.11178.36306.89189.1293.31
ROCE %0.73%0.86%0.39%3.94%8.28%11.16%8.49%1.77%5.25%-1.26%-3.17%2.74%

Tainwala Chemicals & Plastics (India) Ltd Financial Efficiency Indicators Chart

Tainwala Chemicals & Plastics (India) Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters67.11%67.04%67.03%67.05%67.06%67.06%67.04%67.04%67.04%67.04%67.04%67.44%
FIIs0.00%0.00%0.00%0.04%0.04%0.28%0.04%0.04%0.04%0.04%0.04%0.04%
DIIs0.26%0.26%0.26%0.22%0.22%0.22%0.22%0.22%0.22%0.22%0.22%0.22%
Government0.00%0.00%0.00%0.00%0.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public32.63%32.70%32.71%32.69%32.65%32.44%32.69%32.67%32.69%32.68%32.69%32.28%
No. of Shareholders7,4147,7328,0517,7147,9307,9878,3717,8647,9537,6567,6158,005

Tainwala Chemicals & Plastics (India) Ltd Shareholding Pattern Chart

No. of Tainwala Chemicals & Plastics (India) Ltd Shareholders

This stock is not held by any mutual fund

Tainwala Chemicals & Plastics (India) Ltd ROCE Trend

Tainwala Chemicals & Plastics (India) Ltd EPS Trend

Tainwala Chemicals & Plastics (India) Ltd Key Financial Ratios

MonthMar 14Mar 13
FaceValue10.0010.00
Basic EPS (Rs.)0.320.64
Diluted EPS (Rs.)0.320.64
Cash EPS (Rs.)1.080.00
Book Value[Excl.RevalReserv]/Share (Rs.)41.730.00
Book Value[Incl.RevalReserv]/Share (Rs.)41.730.00
Revenue From Operations / Share (Rs.)8.990.00
PBDIT / Share (Rs.)1.160.00
PBIT / Share (Rs.)0.400.00
PBT / Share (Rs.)0.380.00
Net Profit / Share (Rs.)0.320.00
NP After MI And SOA / Share (Rs.)0.320.00
PBDIT Margin (%)12.9213.88
PBIT Margin (%)4.526.18
PBT Margin (%)4.296.01
Net Profit Margin (%)3.586.05
NP After MI And SOA Margin (%)3.586.05
Return on Networth / Equity (%)0.770.00
Return on Capital Employeed (%)0.960.00
Return On Assets (%)0.740.00
Asset Turnover Ratio (%)0.210.00
Current Ratio (X)7.780.00
Quick Ratio (X)3.050.00
Inventory Turnover Ratio (X)1.380.00
Interest Coverage Ratio (X)54.9436.83
Interest Coverage Ratio (Post Tax) (X)16.2337.05
Enterprise Value (Cr.)14.650.00
EV / Net Operating Revenue (X)1.740.00
EV / EBITDA (X)13.470.00
MarketCap / Net Operating Revenue (X)1.900.00
Price / BV (X)0.400.00
Price / Net Operating Revenue (X)1.900.00
EarningsYield0.010.00

Tainwala Chemicals & Plastics (India) Ltd Profitability Ratios (%)

Tainwala Chemicals & Plastics (India) Ltd Liquidity Ratios

Tainwala Chemicals & Plastics (India) Ltd Liquidity Ratios (%)

Tainwala Chemicals & Plastics (India) Ltd Interest Coverage Ratios (X)

Tainwala Chemicals & Plastics (India) Ltd Valuation Ratios

Fair Value / Intrinsic Value of Tainwala Chemicals & Plastics (India) Ltd

Fair Value: ₹144.96

The stock is undervalued by 0.66% compared to the current price ₹144

*Investments are subject to market risks

Strength and Weakness of Tainwala Chemicals & Plastics (India) Ltd

StrengthWeakness
  1. The stock is trading at a low valuation with an average P/B ratio of 0.20 and average Dividend Yield of 5.35%.
  2. The company has higher reserves (60.16 cr) compared to borrowings (0.11 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (10.51 cr) and profit (2.84 cr) over the years.
  1. The stock has a low average ROCE of 3.27%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 221.82, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 231.29, which may not be favorable.

Should I Buy Tainwala Chemicals & Plastics (India) Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Tainwala Chemicals & Plastics (India) Ltd:
    1. Net Profit Margin: 3.58%
      • 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: 0.96% (Industry Average ROCE: 15.4%)
      • 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): 16.23
      • 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: 3.05
      • 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: 55.5 (Industry average Stock P/E: 27.65)
      • 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: N/A
      • 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 Tainwala Chemicals & Plastics (India) 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