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

Fundamental Analysis of Tamil Nadu Petro Products Ltd

About the Company - Tamil Nadu Petro Products Ltd

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

Tamilnadu Petroproducts Ltd. Share Price Update

Share PriceValue
Today₹93.50
Previous Day₹93.00

Basic Stock Data of Tamil Nadu Petro Products Ltd

Market Cap 912 Cr.
Current Price 101
High / Low114/68.4
Stock P/E14.7
Book Value 93.6
Dividend Yield1.48 %
ROCE15.1 %
ROE11.8 %
Face Value 10.0

Data Source: screener.in

Competitors of Tamil Nadu Petro Products Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
SRF Ltd 69,818 Cr. 2,3552,637/2,04047.3 3660.30 %22.4 %22.8 % 10.0
Andhra Sugars Ltd 1,475 Cr. 109129/100.017.8 1141.86 %16.0 %12.6 % 2.00
S H Kelkar & Company Ltd (SHK) 2,810 Cr. 203226/81.629.9 82.51.00 %8.04 %6.66 % 10.0
Shree Pushkar Chemicals & Fertilizers Ltd 598 Cr. 189242/14016.2 1440.79 %11.6 %8.91 % 10.0
Hindcon Chemicals Ltd 308 Cr. 60.269.7/15.353.6 9.070.17 %14.3 %10.6 % 2.00
Industry Average195.6 Cr112.6432.96143.110.82%14.47%12.31%6.8

Tamil Nadu Petro Products Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales285291350462460449435556604511480451434
Expenses248256278383395382397517562478466431414
Operating Profit37347278646738394233132020
OPM %13%12%20%17%14%15%9%7%7%6%3%4%5%
Other Income54284555655979
Interest1131122122221
Depreciation6666666555655
Profit before tax34329175626435394031142123
Tax %25%27%30%26%25%25%29%26%31%15%22%25%24%
Net Profit26236456464825292826111518
EPS in Rs2.872.577.096.195.165.362.783.203.102.921.251.711.98

Tamil Nadu Petro Products Ltd Quarterly Chart

Tamil Nadu Petro Products Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,2481,2811,0529507018891,0491,2451,2251,1451,8062,1501,875
Expenses1,1871,2871,0539767048219561,1541,1329751,5582,0231,789
Operating Profit61-6-1-26-46893929317024812887
OPM %5%-0%-0%-3%-1%8%9%7%8%15%14%6%5%
Other Income11241513732815101735182530
Interest3232322015347797677
Depreciation37393021181622202223242121
Profit before tax3-52-49-54374679757917523612489
Tax %16%42%38%34%0%71%32%23%20%28%26%24%
Net Profit-0-34-35-4337135357631261759471
EPS in Rs-0.03-3.78-3.90-4.744.101.495.936.347.0314.0319.4910.477.86
Dividend Payout %-1,799%0%0%0%0%0%8%16%21%18%15%14%

Tamil Nadu Petro Products Ltd Profit & Loss Yearly Chart

Tamil Nadu Petro Products Ltd 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:26%
5 Years:24%
3 Years:34%
1 Year:20%
Return on Equity
10 Years:10%
5 Years:18%
3 Years:19%
Last Year:12%

Tamil Nadu Petro Products Ltd 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

Tamil Nadu Petro Products Ltd 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

Tamil Nadu Petro Products Ltd 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%

Tamil Nadu Petro Products Ltd Financial Efficiency Indicators Chart

Tamil Nadu Petro Products Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters34.54%34.54%34.54%34.54%34.54%34.54%34.54%34.54%34.54%34.54%34.54%34.54%
FIIs5.03%5.23%7.13%9.00%9.61%9.75%10.16%10.17%8.02%7.94%7.74%7.10%
DIIs2.53%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Public57.90%60.20%58.29%56.43%55.82%55.68%55.25%55.24%57.40%57.46%57.69%58.33%
No. of Shareholders88,9121,06,4561,12,4791,12,2791,12,1071,14,3311,30,7971,33,8111,32,3991,31,1211,32,2891,30,928

Tamil Nadu Petro Products Ltd Shareholding Pattern Chart

No. of Tamil Nadu Petro Products Ltd Shareholders

This stock is not held by any mutual fund

Tamil Nadu Petro Products Ltd ROCE Trend

Tamil Nadu Petro Products Ltd EPS Trend

Tamil Nadu Petro Products Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)10.4719.4914.037.036.34
Diluted EPS (Rs.)10.4719.4914.037.036.34
Cash EPS (Rs.)12.8422.1216.559.438.56
Book Value[Excl.RevalReserv]/Share (Rs.)91.7583.1665.6753.5347.25
Book Value[Incl.RevalReserv]/Share (Rs.)91.7583.1665.6753.5347.25
Revenue From Operations / Share (Rs.)238.99200.68127.29136.15138.41
PBDIT / Share (Rs.)16.9329.5519.9812.2011.27
PBIT / Share (Rs.)14.5726.9217.459.819.04
PBT / Share (Rs.)13.8126.2819.408.768.28
Net Profit / Share (Rs.)10.4719.4914.037.036.34
NP After MI And SOA / Share (Rs.)10.4719.4914.037.036.34
PBDIT Margin (%)7.0814.7215.698.968.13
PBIT Margin (%)6.0913.4113.717.206.53
PBT Margin (%)5.7713.0915.246.435.98
Net Profit Margin (%)4.389.7111.025.164.57
NP After MI And SOA Margin (%)4.389.7111.025.164.57
Return on Networth / Equity (%)11.4123.4321.3613.1413.41
Return on Capital Employeed (%)14.4529.2724.1216.5717.09
Return On Assets (%)8.5017.8715.899.389.06
Total Debt / Equity (X)0.070.050.070.070.09
Asset Turnover Ratio (%)2.122.081.601.932.06
Current Ratio (X)3.634.303.422.522.40
Quick Ratio (X)2.793.372.851.971.89
Inventory Turnover Ratio (X)7.917.536.318.267.27
Dividend Payout Ratio (NP) (%)28.6512.8210.6917.149.51
Dividend Payout Ratio (CP) (%)23.3711.309.0612.787.04
Earning Retention Ratio (%)71.3587.1889.3182.8690.49
Cash Earning Retention Ratio (%)76.6388.7090.9487.2292.96
Interest Coverage Ratio (X)22.3345.7524.8611.6814.79
Interest Coverage Ratio (Post Tax) (X)14.8031.1815.037.739.32
Enterprise Value (Cr.)328.56703.52180.3946.50157.82
EV / Net Operating Revenue (X)0.150.380.150.030.12
EV / EBITDA (X)2.162.651.000.421.56
MarketCap / Net Operating Revenue (X)0.290.560.380.180.25
Retention Ratios (%)71.3487.1789.3082.8590.48
Price / BV (X)0.771.370.740.460.74
Price / Net Operating Revenue (X)0.290.560.380.180.25
EarningsYield0.140.170.280.280.18

Tamil Nadu Petro Products Ltd Profitability Ratios (%)

Tamil Nadu Petro Products Ltd Liquidity Ratios

Tamil Nadu Petro Products Ltd Liquidity Ratios (%)

Tamil Nadu Petro Products Ltd Interest Coverage Ratios (X)

Tamil Nadu Petro Products Ltd Valuation Ratios

Fair Value / Intrinsic Value of Tamil Nadu Petro Products Ltd

Fair Value: ₹164.76

The stock is undervalued by 63.13% compared to the current price ₹101

*Investments are subject to market risks

Strength and Weakness of Tamil Nadu Petro Products Ltd

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 (390.54 cr) compared to borrowings (81.54 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (196.23 cr) and profit (60.62 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 15.56 and average Dividend Yield of 9.39%.
  2. The stock has a low average ROCE of 11.42%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 28.25, which may not be favorable.

Should I Buy Tamil Nadu Petro Products Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Tamil Nadu Petro Products Ltd:
    1. Net Profit Margin: 4.38%
      • 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: 14.45% (Industry Average ROCE: 14.47%)
      • 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): 14.80
      • 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: 2.79
      • 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: 14.7 (Industry average Stock P/E: 32.96)
      • 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: 0.07
      • 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 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