Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 23 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Tata Teleservices (Maharashtra) Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 22, 2024, 11:18 pm

Market Cap 13,057 Cr.
Current Price 66.8
High / Low111/65.0
Stock P/E
Book Value 97.3
Dividend Yield0.00 %
ROCE47.9 %
ROE%
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Tata Teleservices (Maharashtra) Ltd

Competitors of Tata Teleservices (Maharashtra) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0.59%0.49%0

All Competitor Stocks of Tata Teleservices (Maharashtra) Ltd

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales257278265268269284273266278282280286287
Expenses137148137151154164152149156152149161159
Operating Profit119130129117115120121117122129131125128
OPM %46%47%48%44%43%42%44%44%44%46%47%44%44%
Other Income-101223254-42242
Interest407387378398389385368376373374379394403
Depreciation43424140423939403838323636
Profit before tax-341-298-288-318-314-302-281-295-293-280-277-301-310
Tax %0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit-341-298-288-318-314-302-281-295-293-280-277-301-310
EPS in Rs-1.75-1.52-1.47-1.63-1.60-1.55-1.44-1.51-1.50-1.43-1.42-1.54-1.59

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,4882,6352,7312,8932,9722,7031,8691,2771,0781,0441,0941,1061,134
Expenses1,9592,1852,1992,2922,2272,0571,734614656555626614621
Operating Profit530450532601745646135664422489468492513
OPM %21%17%19%21%25%24%7%52%39%47%43%45%45%
Other Income1951834540-924-7,875400-2,396-756171110
Interest5235645656516841,2821,5691,5541,5451,5611,5391,5021,549
Depreciation543595609611460796533178195169160147142
Profit before tax-518-659-560-615-358-2,356-9,842-668-3,714-1,997-1,215-1,145-1,168
Tax %0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit-518-659-560-615-358-2,356-9,842-668-3,714-1,997-1,215-1,145-1,168
EPS in Rs-2.41-3.06-2.87-3.15-1.83-12.05-50.35-3.42-19.00-10.21-6.22-5.86-5.98
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-27.22%15.02%-9.82%41.79%-558.10%-317.74%93.21%-455.99%46.23%39.16%5.76%
Change in YoY Net Profit Growth (%)0.00%42.24%-24.84%51.61%-599.89%240.36%410.95%-549.20%502.22%-7.07%-33.40%

Tata Teleservices (Maharashtra) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:-8%
5 Years:-1%
3 Years:5%
TTM:13%
Compounded Profit Growth
10 Years:%
5 Years:-5%
3 Years:0%
TTM:-9%
Stock Price CAGR
10 Years:22%
5 Years:89%
3 Years:-10%
1 Year:-25%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 12:32 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital1,8971,9551,9551,9551,9551,9551,9551,9551,9551,9551,9551,9551,955
Reserves-3,690-4,308-4,923-5,941-7,864-17,114-16,775-19,434-20,446-20,787-21,009-21,208-20,968
Borrowings6,2476,5207,41011,65416,22015,57816,54516,89519,35419,79419,86920,04719,817
Other Liabilities1,6571,4991,6021,7941,5952,9612,8052,298646403397513523
Total Liabilities6,1125,6666,0449,46211,9063,3804,5311,7141,5091,3651,2111,3071,327
Fixed Assets4,7904,5184,1883,3637,460847718894830779740788809
CWIP2738464,2462,5042726392928345939
Investments5000592680378609070100663423
Other Assets1,2451,1111,8091,2601,2632,1293,178781580457369425456
Total Assets6,1125,6666,0449,46211,9063,3804,5311,7141,5091,3651,2111,3071,327

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +299709636766730603-734-360567530558586
Cash from Investing Activity +-506-266-785-1,183-2,198259-101510-177-130-66-64
Cash from Financing Activity +158-5101774341,041-860967-237-432-427-494-503
Net Cash Flow-49-672818-4272132-87-42-26-218

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow530.00444.00526.00594.00734.00630.00120.00648.00406.00470.00449.00473.00

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 Days403425363131264127403648
Inventory Days
Days Payable
Cash Conversion Cycle403425363131264127403648
Working Capital Days-168-187-226-260-312-738-1,129-2,705-88-42-62-84
ROCE %-2%0%1%5%-1%-5%50%42%245%35%40%48%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters74.36%74.36%74.36%74.36%74.36%74.36%74.36%74.36%74.36%74.36%74.36%74.36%
FIIs0.79%1.59%2.34%2.32%2.18%2.16%2.03%2.23%2.26%2.46%2.38%2.39%
DIIs0.02%0.00%0.04%0.05%0.04%0.04%0.05%0.06%0.05%0.06%0.07%0.08%
Public24.83%24.05%23.26%23.26%23.40%23.43%23.56%23.35%23.33%23.12%23.19%23.16%
No. of Shareholders6,59,1257,92,3848,19,7628,52,8058,37,1318,37,2518,27,5828,21,3548,08,6188,20,3728,17,12110,18,223

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Nifty Smallcap 250 Index Fund307,2060.372.64307,2062024-11-210%
Motilal Oswal Nifty Smallcap 250 Index Fund192,8770.371.66307,2062024-11-21-37.22%
SBI Nifty Smallcap 250 Index Fund141,5530.371.22307,2062024-11-21-53.92%
Motilal Oswal Nifty 500 Index Fund21,0780.030.18307,2062024-11-21-93.14%
Edelweiss Nifty Smallcap 250 Index Fund6,5130.370.06307,2062024-11-21-97.88%
Groww Nifty Total Market Index Fund1,1130.030.01307,2062024-11-21-99.64%
Motilal Oswal Nifty 500 ETF9230.030.01307,2062024-11-21-99.7%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-6.28-5.86-6.22-10.21-19.00
Diluted EPS (Rs.)-6.28-5.86-6.22-10.21-19.00
Cash EPS (Rs.)-5.51-5.10-5.39-9.35-18.00
Book Value[Excl.RevalReserv]/Share (Rs.)-134.10-127.82-121.95-115.73-105.53
Book Value[Incl.RevalReserv]/Share (Rs.)-134.10-127.82-121.95-115.73-105.53
Revenue From Operations / Share (Rs.)6.095.665.595.345.51
PBDIT / Share (Rs.)2.782.592.462.622.33
PBIT / Share (Rs.)2.011.841.641.761.34
PBT / Share (Rs.)-6.28-5.86-6.21-10.21-19.00
Net Profit / Share (Rs.)-6.28-5.86-6.21-10.21-19.00
PBDIT Margin (%)45.6145.7644.0449.1542.33
PBIT Margin (%)32.9932.4529.3932.9824.23
PBT Margin (%)-103.08-103.48-111.08-191.31-344.62
Net Profit Margin (%)-103.08-103.48-111.08-191.31-344.62
Return on Capital Employeed (%)-6.31-3.98-3.98-4.05-2.34
Return On Assets (%)-93.99-94.54-89.04-132.32-216.66
Long Term Debt / Equity (X)-0.49-0.32-0.44-0.43-0.29
Total Debt / Equity (X)-0.76-0.72-0.82-0.57-0.50
Asset Turnover Ratio (%)0.940.850.760.640.34
Current Ratio (X)0.030.020.040.040.04
Quick Ratio (X)0.030.020.040.040.04
Interest Coverage Ratio (X)0.330.330.310.320.29
Interest Coverage Ratio (Post Tax) (X)0.240.230.200.220.16
Enterprise Value (Cr.)34380.5930658.8052304.8315672.5710743.94
EV / Net Operating Revenue (X)28.8527.7247.8215.029.97
EV / EBITDA (X)63.2560.56108.5830.5523.55
MarketCap / Net Operating Revenue (X)12.139.8129.822.640.32
Price / BV (X)-0.55-0.43-1.37-0.12-0.01
Price / Net Operating Revenue (X)12.139.8129.822.640.32
EarningsYield-0.08-0.10-0.03-0.72-10.55

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Tata Teleservices (Maharashtra) Ltd as of November 23, 2024 is: 223.30

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 November 23, 2024, Tata Teleservices (Maharashtra) Ltd is Undervalued by 234.28% compared to the current share price 66.80

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Intrinsic Value of Tata Teleservices (Maharashtra) Ltd as of November 23, 2024 is: 378.65

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 November 23, 2024, Tata Teleservices (Maharashtra) Ltd is Undervalued by 466.84% compared to the current share price 66.80

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Last 5 Year EPS CAGR: 69.57%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 38.17%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -180.83, which is a positive sign.
  1. The stock has a high average Cash Conversion Cycle of 34.58, which may not be favorable.
  2. The company has higher borrowings (15,073.08) compared to reserves (-14,189.77), which may suggest financial risk.
  3. The company has not shown consistent growth in sales (1.46) and profit (-261.23).

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 Tata Teleservices (Maharashtra) Ltd:
    1. Net Profit Margin: -103.08%
      • 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: -6.31% (Industry Average ROCE: 0.59%)
      • 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%: 0% (Industry Average ROE: 0.49%)
      • 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): 0.24
      • 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: 0.03
      • 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: 0 (Industry average Stock P/E: 0)
      • 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: -0.76
      • 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

Tata Teleservices (Maharashtra) Ltd. is a Public Limited Listed company incorporated on 13/03/1995 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L64200MH1995PLC086354 and registration number is 086354. Currently Company is involved in the business activities of Wired telecommunications activities. Company’s Total Operating Revenue is Rs. 1093.80 Cr. and Equity Capital is Rs. 1954.93 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Telecom ServicesD-26, TTC Industrial Area, MIDC Sanpada, New Mumbai Maharashtra 400703investor.relations@tatatel.co.in
http://www.tatatelebusiness.com
Management
NamePosition Held
Mr. A S LakshminarayananNon Executive Chairman
Mr. Harjit SinghManaging Director
Mr. Ankur VermaNon Executive Director
Dr. Narendra Damodar JadhavIndependent Director
Ms. Hiroo MirchandaniIndependent Director
Mr. Kumar RamanathanIndependent Director

FAQ

What is the latest intrinsic value of Tata Teleservices (Maharashtra) Ltd?

The latest intrinsic value of Tata Teleservices (Maharashtra) Ltd as on 23 November 2024 is ₹223.30, which is 234.28% higher than the current market price of ₹66.80.

What is the Market Cap of Tata Teleservices (Maharashtra) Ltd?

The Market Cap of Tata Teleservices (Maharashtra) Ltd is 13,057 Cr..

What is the current Stock Price of Tata Teleservices (Maharashtra) Ltd as on 23 November 2024?

The current stock price of Tata Teleservices (Maharashtra) Ltd as on 23 November 2024 is 66.8.

What is the High / Low of Tata Teleservices (Maharashtra) Ltd stocks in FY 2024?

In FY 2024, the High / Low of Tata Teleservices (Maharashtra) Ltd stocks is 111/65.0.

What is the Stock P/E of Tata Teleservices (Maharashtra) Ltd?

The Stock P/E of Tata Teleservices (Maharashtra) Ltd is .

What is the Book Value of Tata Teleservices (Maharashtra) Ltd?

The Book Value of Tata Teleservices (Maharashtra) Ltd is 97.3.

What is the Dividend Yield of Tata Teleservices (Maharashtra) Ltd?

The Dividend Yield of Tata Teleservices (Maharashtra) Ltd is 0.00 %.

What is the ROCE of Tata Teleservices (Maharashtra) Ltd?

The ROCE of Tata Teleservices (Maharashtra) Ltd is 47.9 %.

What is the ROE of Tata Teleservices (Maharashtra) Ltd?

The ROE of Tata Teleservices (Maharashtra) Ltd is %.

What is the Face Value of Tata Teleservices (Maharashtra) Ltd?

The Face Value of Tata Teleservices (Maharashtra) 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 Tata Teleservices (Maharashtra) 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