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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Tamil Nadu Petro Products Ltd

Basic Stock Data

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

Market Cap 786 Cr.
Current Price 87.3
High / Low114/75.6
Stock P/E12.9
Book Value 95.5
Dividend Yield1.72 %
ROCE9.67 %
ROE7.23 %
Face Value 10.0
PEG Ratio-2.81

Competitors of Tamil Nadu Petro Products Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
SRF Ltd 72,922 Cr. 2,4602,697/2,04054.8 3870.29 %12.7 %12.2 % 10.0
S H Kelkar & Company Ltd (SHK) 2,808 Cr. 203232/11122.9 87.60.99 %12.4 %10.8 % 10.0
Andhra Sugars Ltd 1,701 Cr. 126129/92.021.5 1171.59 %5.73 %5.06 % 2.00
Navin Fluorine International Ltd 18,303 Cr. 3,6914,725/2,87680.1 4810.33 %10.5 %10.0 % 2.00
Jubilant Industries Ltd 2,375 Cr. 1,5761,579/49444.7 1550.00 %23.8 %24.3 % 10.0
Industry Average11,014.98 Cr942.2634.02161.540.45%15.35%10.40%7.33

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales350462460449435556604511480451434346438
Expenses278383395382397517562478466431414326426
Operating Profit72786467383942331320202012
OPM %20%17%14%15%9%7%7%6%3%4%5%6%3%
Other Income284555655979-612
Interest3112212222122
Depreciation6666655565566
Profit before tax9175626435394031142123615
Tax %30%26%25%25%29%26%31%15%22%25%24%20%18%
Net Profit6456464825292826111518512
EPS in Rs7.096.195.165.362.783.203.102.921.251.711.980.501.37

Last Updated: June 10, 2024, 6:14 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 26, 2024, 8:13 pm

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%

Growth

Compounded Sales Growth
10 Years:5%
5 Years:15%
3 Years:21%
TTM:-19%
Compounded Profit Growth
10 Years:14%
5 Years:13%
3 Years:14%
TTM:-42%
Stock Price CAGR
10 Years:23%
5 Years:17%
3 Years:11%
1 Year:11%
Return on Equity
10 Years:10%
5 Years:18%
3 Years:19%
Last Year:12%

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 Capital90909090909090909090909090
Reserves316268232175212224277335392501658735752
Borrowings166197159102674536403751567628
Other Liabilities250264225227120166193164156152177205210
Total Liabilities8228187055944895245966296747949811,1071,079
Fixed Assets320313288247218216193230292281267252312
CWIP9815141815153720312710344
Investments151392003111177
Other Assets389476394328256293363377378510685745717
Total Assets8228187055944895245966296747949811,1071,079

Reserves and Borrowings Chart

Tamil Nadu Petro Products Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 11-50553473468278869311287
Cash from Investing Activity -22106114316-19-68-61-48-87-96-67
Cash from Financing Activity 7-6-71-76-50-29-12-8-23-4-22-12
Net Cash Flow-350-4139-228141-68

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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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%
FIIs5.23%7.13%9.00%9.61%9.75%10.16%10.17%8.02%7.94%7.74%7.10%6.14%
DIIs0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Public60.20%58.29%56.43%55.82%55.68%55.25%55.24%57.40%57.46%57.69%58.33%59.27%
No. of Shareholders1,06,4561,12,4791,12,2791,12,1071,14,3311,30,7971,33,8111,32,3991,31,1211,32,2891,30,9281,29,345

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.)12.0716.9329.5519.9812.20
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 (%)4.588.5017.8715.899.38
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) (%)0.0028.6512.8210.6917.14
Dividend Payout Ratio (CP) (%)0.0023.3711.309.0612.78
Earning Retention Ratio (%)0.0071.3587.1889.3182.86
Cash Earning Retention Ratio (%)0.0076.6388.7090.9487.22
Interest Coverage Ratio (X)15.1322.3345.7524.8611.68
Interest Coverage Ratio (Post Tax) (X)9.9214.8031.1815.037.73
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 (%)0.0071.3487.1789.3082.85
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: 90.60

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: 3.78% compared to the current price 87.3

Intrinsic Value: 86.45

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.

Overvalued: 0.97% compared to the current price ₹87.3

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 (398.17 cr) compared to borrowings (73.67 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: 3.00%
      • 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: %)
      • 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: %)
      • 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): 9.92
      • 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: 12.9 (Industry average Stock P/E: )
      • 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

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. S KrishnanChairman
Mr. Ashwin C MuthiahVice Chairman
Mr. K T VijayagopalWhole Time Director (Finance) & CFO
Mr. D SenthikumarWhole-Time Director (Operations)
Lt. Col. (Retd). C S ShankarIndependent Director
Mr. G D SharmaIndependent Director
Ms. Sashikala SrikanthIndependent Director
Mr. Dhananjay N MungaleIndependent Director
Dr. N SundaradevanIndependent Director
Mr. Debendranath SarangiIndependent Director
Mr. R BhuvaneswarDirector
Ms. Jayashree MuralidharanDirector

FAQ

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

The latest fair value of Tamil Nadu Petro Products Ltd is ₹90.60.

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

The Market Cap of Tamil Nadu Petro Products Ltd is 786 Cr..

What is the current Stock Price of Tamil Nadu Petro Products Ltd as on 23 June 2024?

The current stock price of Tamil Nadu Petro Products Ltd as on 23 June 2024 is ₹87.3.

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

In FY 2024, the High / Low of Tamil Nadu Petro Products Ltd stocks is 114/75.6.

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

The Stock P/E of Tamil Nadu Petro Products Ltd is 12.9.

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

The Book Value of Tamil Nadu Petro Products Ltd is 95.5.

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

The Dividend Yield of Tamil Nadu Petro Products Ltd is 1.72 %.

What is the ROCE of Tamil Nadu Petro Products Ltd?

The ROCE of Tamil Nadu Petro Products Ltd is 9.67 %.

What is the ROE of Tamil Nadu Petro Products Ltd?

The ROE of Tamil Nadu Petro Products Ltd is 7.23 %.

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