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Last Updated on: 24 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Tamil Nadu Petro Products Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 24, 2024, 1:03 pm

Market Cap 728 Cr.
Current Price 80.9
High / Low 114/75.5
Stock P/E16.4
Book Value 96.6
Dividend Yield1.47 %
ROCE9.14 %
ROE6.79 %
Face Value 10.0
PEG Ratio-3.58

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

View Share Price Target for Tamil Nadu Petro Products Ltd

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Diamines & Chemicals Ltd 493 Cr. 503 693/44685.5 1660.50 %15.8 %10.9 % 10.0
Deco-Mica Ltd 34.9 Cr. 83.0 122/57.419.5 59.80.00 %13.5 %9.75 % 10.0
Andhra Sugars Ltd 1,281 Cr. 94.5 129/90.622.6 1161.05 %5.34 %4.70 % 2.00
Tamil Nadu Petro Products Ltd 728 Cr. 80.9 114/75.516.4 96.61.47 %9.14 %6.79 % 10.0
SRF Ltd 68,003 Cr. 2,294 2,697/2,08960.2 4050.31 %12.7 %12.2 % 10.0
Industry Average10,692.11 Cr868.8444.12174.790.49%13.05%11.04%7.60

All Competitor Stocks of

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales462460449435556604511480451434346438462
Expenses383395382397517562478466431414326426450
Operating Profit78646738394233132020201212
OPM %17%14%15%9%7%7%6%3%4%5%6%3%3%
Other Income4555655979-61216
Interest1122122221221
Depreciation6666555655666
Profit before tax7562643539403114212361520
Tax %26%25%25%29%26%31%15%22%25%24%20%18%26%
Net Profit5646482529282611151851215
EPS in Rs6.195.165.362.783.203.102.921.251.711.980.501.371.67

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales1,2811,0529507018891,0491,2451,2251,1451,8062,1501,669
Expenses1,2871,0539767048219561,1541,1329751,5582,0231,597
Operating Profit-6-1-26-46893929317024812872
OPM %-0%-0%-3%-1%8%9%7%8%15%14%6%4%
Other Income241513732815101735182523
Interest32322015347797677
Depreciation393021181622202223242123
Profit before tax-52-49-54374679757917523612465
Tax %-42%-38%-34%0%71%32%23%20%28%26%24%23%
Net Profit-34-35-4337135357631261759450
EPS in Rs-3.78-3.90-4.744.101.495.936.347.0314.0319.4910.475.56
Dividend Payout %0%0%0%0%0%8%16%21%18%15%14%22%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-2.94%-22.86%186.05%-64.86%307.69%7.55%10.53%100.00%38.89%-46.29%-46.81%
Change in YoY Net Profit Growth (%)0.00%-19.92%208.90%-250.91%372.56%-300.15%2.98%89.47%-61.11%-85.17%-0.52%

Tamil Nadu Petro Products Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:6%
3 Years:13%
TTM:-10%
Compounded Profit Growth
10 Years:14%
5 Years:0%
3 Years:-20%
TTM:-37%
Stock Price CAGR
10 Years:21%
5 Years:19%
3 Years:-8%
1 Year:-21%
Return on Equity
10 Years:11%
5 Years:15%
3 Years:14%
Last Year:7%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:32 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital90909090909090909090909090
Reserves268232175212224277335392501658731769780
Borrowings19715910267453640375156761858
Other Liabilities264225227120166193164156152177205213243
Total Liabilities8187055944895245966296747949811,1021,0911,170
Fixed Assets313288247218216193230292281267247304294
CWIP15141815153720312710349147
Investments1392003111171515
Other Assets476394328256293363377378510685745722715
Total Assets8187055944895245966296747949811,1021,0911,170

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-50553473468278869311287161
Cash from Investing Activity +106114316-19-68-61-48-87-96-58-70
Cash from Financing Activity +-6-71-76-50-29-12-8-23-4-22-12-78
Net Cash Flow50-4139-228141-61713

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-203.00-160.00-128.00-71.0023.0057.0052.0056.00119.00192.0052.0054.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days262927251628232115262324
Inventory Days6610483465250684244606149
Days Payable669377826770643529322727
Cash Conversion Cycle264032-1128272829555746
Working Capital Days334222-7-322141612283737
ROCE %8%-7%-3%-8%-4%16%21%19%18%28%34%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters34.54%34.54%34.54%34.54%34.54%34.54%34.54%34.54%34.54%34.54%34.54%34.54%
FIIs7.13%9.00%9.61%9.75%10.16%10.17%8.02%7.94%7.74%7.10%6.14%6.18%
DIIs0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Public58.29%56.43%55.82%55.68%55.25%55.24%57.40%57.46%57.69%58.33%59.27%59.24%
No. of Shareholders1,12,4791,12,2791,12,1071,14,3311,30,7971,33,8111,32,3991,31,1211,32,2891,30,9281,29,3451,29,511

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.)5.5610.4719.4914.037.03
Diluted EPS (Rs.)5.5610.4719.4914.037.03
Cash EPS (Rs.)8.0812.8422.1216.559.43
Book Value[Excl.RevalReserv]/Share (Rs.)95.5391.7583.1665.6753.53
Book Value[Incl.RevalReserv]/Share (Rs.)95.5391.7583.1665.6753.53
Revenue From Operations / Share (Rs.)185.46238.99200.68127.29136.15
PBDIT / Share (Rs.)12.0816.9329.5519.9812.20
PBIT / Share (Rs.)9.5614.5726.9217.459.81
PBT / Share (Rs.)7.2113.8126.2819.408.76
Net Profit / Share (Rs.)5.5610.4719.4914.037.03
NP After MI And SOA / Share (Rs.)5.5610.4719.4914.037.03
PBDIT Margin (%)6.517.0814.7215.698.96
PBIT Margin (%)5.156.0913.4113.717.20
PBT Margin (%)3.885.7713.0915.246.43
Net Profit Margin (%)3.004.389.7111.025.16
NP After MI And SOA Margin (%)3.004.389.7111.025.16
Return on Networth / Equity (%)5.8211.4123.4321.3613.14
Return on Capital Employeed (%)9.1314.4529.2724.1216.57
Return On Assets (%)4.598.5017.8715.899.38
Total Debt / Equity (X)0.000.070.050.070.07
Asset Turnover Ratio (%)1.522.122.081.601.93
Current Ratio (X)4.593.634.303.422.52
Quick Ratio (X)3.762.793.372.851.97
Inventory Turnover Ratio (X)6.577.917.536.318.26
Dividend Payout Ratio (NP) (%)26.9528.6512.8210.6917.14
Dividend Payout Ratio (CP) (%)18.5623.3711.309.0612.78
Earning Retention Ratio (%)73.0571.3587.1889.3182.86
Cash Earning Retention Ratio (%)81.4476.6388.7090.9487.22
Interest Coverage Ratio (X)15.1322.3345.7524.8611.68
Interest Coverage Ratio (Post Tax) (X)9.9314.8031.1815.037.73
Enterprise Value (Cr.)283.75328.56703.52180.3946.50
EV / Net Operating Revenue (X)0.170.150.380.150.03
EV / EBITDA (X)2.612.162.651.000.42
MarketCap / Net Operating Revenue (X)0.420.290.560.380.18
Retention Ratios (%)73.0471.3487.1789.3082.85
Price / BV (X)0.810.771.370.740.46
Price / Net Operating Revenue (X)0.420.290.560.380.18
EarningsYield0.070.140.170.280.28

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Tamil Nadu Petro Products Ltd as of December 24, 2024 is: 109.15

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 December 24, 2024, Tamil Nadu Petro Products Ltd is Undervalued by 34.92% compared to the current share price 80.90

Intrinsic Value of Tamil Nadu Petro Products Ltd as of December 24, 2024 is: 104.15

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 December 24, 2024, Tamil Nadu Petro Products Ltd is Undervalued by 28.74% compared to the current share price 80.90

Last 5 Year EPS CAGR: -4.58%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 21.08, which is a positive sign.
  2. The company has higher reserves (427.23 cr) compared to borrowings (72.46 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (212.50 cr) and profit (63.42 cr) over the years.
  1. The stock has a low average ROCE of 11.42%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 28.25, 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 Tamil Nadu Petro Products Ltd:
    1. Net Profit Margin: 3%
      • 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: 9.13% (Industry Average ROCE: 13.05%)
      • 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%: 5.82% (Industry Average ROE: 11.04%)
      • 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): 9.93
      • 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: 3.76
      • 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: 16.4 (Industry average Stock P/E: 44.12)
      • 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

Tamilnadu Petroproducts Ltd. is a Public Limited Listed company incorporated on 22/06/1984 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L23200TN1984PLC010931 and registration number is 010931. Currently company belongs to the Industry of Chemicals - Others. Company’s Total Operating Revenue is Rs. 1805.58 Cr. and Equity Capital is Rs. 89.97 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - OthersManali Express Highway, Manali, Chennai (Madras) Tamil Nadu 600068secy-legal@tnpetro.com
http://www.tnpetro.com
Management
NamePosition Held
Mr. Ashwin C MuthiahVice Chairman
Mr. D SenthikumarWhole-Time Director (Operations)
Mr. K T VijayagopalWhole Time Director (Finance) & CFO
Mr. Sandeep NanduriDirector
Mr. S Senthil KumarDirector
Mr. G D SharmaIndependent Director
Ms. Sashikala SrikanthIndependent Director
Lt. Col. (Retd). C S ShankarIndependent Director
Dr. N SundaradevanIndependent Director
Mr. Debendranath SarangiIndependent Director
Ms. Latha RamanathanIndependent Director
Ms. Rita ChandrasekarIndependent Director

FAQ

What is the latest intrinsic value of Tamil Nadu Petro Products Ltd?

The latest intrinsic value of Tamil Nadu Petro Products Ltd as on 24 December 2024 is ₹109.15, which is 34.92% higher than the current market price of ₹80.90. The stock has a market capitalization of 728 Cr. and recorded a high/low of 114/75.5 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹780 Cr and total liabilities of ₹1,170 Cr.

What is the Market Cap of Tamil Nadu Petro Products Ltd?

The Market Cap of Tamil Nadu Petro Products Ltd is 728 Cr..

What is the current Stock Price of Tamil Nadu Petro Products Ltd as on 24 December 2024?

The current stock price of Tamil Nadu Petro Products Ltd as on 24 December 2024 is 80.9.

What is the High / Low of Tamil Nadu Petro Products Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Tamil Nadu Petro Products Ltd stocks is 114/75.5.

What is the Stock P/E of Tamil Nadu Petro Products Ltd?

The Stock P/E of Tamil Nadu Petro Products Ltd is 16.4.

What is the Book Value of Tamil Nadu Petro Products Ltd?

The Book Value of Tamil Nadu Petro Products Ltd is 96.6.

What is the Dividend Yield of Tamil Nadu Petro Products Ltd?

The Dividend Yield of Tamil Nadu Petro Products Ltd is 1.47 %.

What is the ROCE of Tamil Nadu Petro Products Ltd?

The ROCE of Tamil Nadu Petro Products Ltd is 9.14 %.

What is the ROE of Tamil Nadu Petro Products Ltd?

The ROE of Tamil Nadu Petro Products Ltd is 6.79 %.

What is the Face Value of Tamil Nadu Petro Products Ltd?

The Face Value of Tamil Nadu Petro Products Ltd 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 Tamil Nadu Petro Products 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