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Last Updated on: 08 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

TCNS Clothing Co. Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: September 3, 2024, 1:18 pm

Market Cap 3,697 Cr.
Current Price 584
High / Low619/327
Stock P/E
Book Value 47.9
Dividend Yield0.00 %
ROCE28.7 %
ROE63.1 %
Face Value 2.00
PEG Ratio0.00

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

View Share Price Target for TCNS Clothing Co. Ltd

Competitors of TCNS Clothing Co. Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IGC Industries Ltd 69.3 Cr. 20.024.4/10.3 0.260.00 %1.19 %16.6 % 10.0
Hindoostan Mills Ltd 36.5 Cr. 220411/19536.5 3010.00 %4.73 %5.74 % 10.0
Gokak Textiles Ltd 135 Cr. 207276/77.3 25.80.00 %1.31 %% 10.0
Globus Power Generation Ltd 198 Cr. 20.043.0/13.8 0.540.00 %25.8 %25.8 % 10.0
Gaekwar Mills Ltd 2.63 Cr. 13.113.1/12.5 3510.00 %66.6 %% 10.0
Industry Average1,818.00 Cr254.1336.3494.850.07%12.12%34.68%8.35

All Competitor Stocks of TCNS Clothing Co. Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales94239329234276351306269244226278211206
Expenses117209265215245304266260254353288249246
Operating Profit-233063203146408-10-127-10-38-40
OPM %-25%13%19%8%11%13%13%3%-4%-56%-4%-18%-19%
Other Income315512724452244
Interest89911101113181419182016
Depreciation21222329262729392933313127
Profit before tax-491435-83101-45-49-177-57-84-80
Tax %-26%22%29%-24%6%24%29%-37%-25%-23%-9%-24%-25%
Net Profit-361125-6280-28-37-136-52-64-60
EPS in Rs-5.861.804.07-0.940.401.240.08-4.56-5.85-21.57-8.17-10.05-9.44

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales1271473014857019971,1481,1496368961,202960
Expenses1101332504896238419719626338061,0761,144
Operating Profit171451-378156177186290126-185
OPM %13%9%17%-1%11%16%15%16%0%10%10%-19%
Other Income00110682149351613
Interest00532113836375271
Depreciation33691317221039294121125
Profit before tax141141-146214516266-77-7-31-368
Tax %34%36%36%204%75%32%19%-5%-27%-21%-44%-21%
Net Profit9726-42169813169-56-6-18-289
EPS in Rs1.010.752.86-4.521.4217.4021.4311.29-9.16-0.93-2.84-45.60
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-22.22%-261.54%138.10%512.50%33.67%-47.33%-181.16%89.29%-200.00%-1505.56%
Change in YoY Net Profit Growth (%)0.00%-239.32%399.63%374.40%-478.83%-81.00%-133.83%270.45%-289.29%-1305.56%

TCNS Clothing Co. Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2012-2013 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:-4%
3 Years:15%
TTM:-21%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-447%
Stock Price CAGR
10 Years:%
5 Years:-4%
3 Years:-10%
1 Year:64%
Return on Equity
10 Years:%
5 Years:-10%
3 Years:-19%
Last Year:-63%

Last Updated: Unknown

Balance Sheet

Last Updated: October 15, 2024, 2:45 pm

MonthMar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital99991111121212121213
Reserves616810039271420606648600608599291
Borrowings27324138900362330413547607
Other Liabilities283064222135165167176132228328374
Total Liabilities1251392143094265977861,1981,0741,2611,4861,285
Fixed Assets792139475259352301403520472
CWIP-0-00038021200
Investments-0011221381181721462-0
Other Assets118130192268374535589726600710965812
Total Assets1251392143094265977861,1981,0741,2611,4861,285

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -1854190131113104-047
Cash from Investing Activity -5-5-28-143-3-562109-15
Cash from Financing Activity 29-12138-97-96-109-96-53
Net Cash Flow6-035-1531-38-412-21

Free Cash Flow

MonthMar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-10.00-18.0010.00-41.0069.00156.00177.00-176.00-328.00-323.00-421.00-792.00

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 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days13314479485257575695717856
Inventory Days456482535239257300373426451401
Days Payable232297301122108111122202237286
Cash Conversion Cycle133144303233285174206244345294292171
Working Capital Days22120912875869610312220615215597
ROCE %19%10%-8%35%41%31%13%-4%3%2%-29%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters32.30%32.28%32.26%32.25%32.25%32.21%32.20%31.47%61.05%52.06%52.01%52.01%
FIIs17.86%17.63%17.01%16.70%16.82%16.84%16.68%12.20%5.32%5.03%4.57%4.46%
DIIs6.13%6.57%7.23%7.15%5.02%4.50%3.66%4.94%2.53%1.75%1.75%2.15%
Public43.72%43.52%43.50%43.89%45.92%46.45%47.45%51.38%31.09%41.16%41.67%41.39%
No. of Shareholders15,26516,07616,24618,89419,43820,48020,46322,16825,02423,06423,42918,041

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Axis Small Cap Fund760,7460.1528.57760,7462024-10-270%
HSBC Small Cap Equity Fund - OLD75,0001.534.59760,7462024-10-27-90.14%
Motilal Oswal Nifty Microcap 250 Index Fund12,8200.080.48760,7462024-10-27-98.31%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)-45.672.75-0.90-8.8510.85
Diluted EPS (Rs.)-45.672.75-0.90-8.8510.84
Cash EPS (Rs.)-25.8916.7314.395.7828.14
Book Value[Excl.RevalReserv]/Share (Rs.)47.9499.10100.6099.47107.62
Book Value[Incl.RevalReserv]/Share (Rs.)47.9499.10100.6099.47107.62
Revenue From Operations / Share (Rs.)151.65194.67145.43103.30187.31
PBDIT / Share (Rs.)-27.2022.9420.188.3633.82
PBIT / Share (Rs.)-46.913.374.86-6.5817.00
PBT / Share (Rs.)-58.08-5.06-1.17-12.5110.77
Net Profit / Share (Rs.)-45.60-2.84-0.92-9.1611.32
PBDIT Margin (%)-17.9311.7813.878.0918.05
PBIT Margin (%)-30.931.733.34-6.379.07
PBT Margin (%)-38.29-2.59-0.80-12.105.75
Net Profit Margin (%)-30.07-1.46-0.63-8.876.04
Return on Networth / Equity (%)-95.12-2.86-0.92-9.2110.51
Return on Capital Employeed (%)-41.131.963.03-4.5310.65
Return On Assets (%)-22.46-1.18-0.45-5.245.79
Total Debt / Equity (X)0.420.060.000.010.00
Asset Turnover Ratio (%)0.690.870.760.551.16
Current Ratio (X)1.081.962.663.653.26
Quick Ratio (X)0.420.801.352.111.75
Inventory Turnover Ratio (X)0.451.171.160.721.49
Interest Coverage Ratio (X)-2.432.723.351.415.43
Interest Coverage Ratio (Post Tax) (X)-3.080.660.84-0.542.82
Enterprise Value (Cr.)2285.572614.314693.613114.052031.83
EV / Net Operating Revenue (X)2.382.185.244.901.77
EV / EBITDA (X)-13.2818.4637.7560.559.80
MarketCap / Net Operating Revenue (X)2.252.165.254.911.82
Price / BV (X)7.124.257.595.103.16
Price / Net Operating Revenue (X)2.252.165.254.911.82
EarningsYield-0.13-0.010.00-0.010.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of TCNS Clothing Co. Ltd as of November 8, 2024 is: 462.44

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 8, 2024, TCNS Clothing Co. Ltd is Overvalued by 20.82% compared to the current share price ₹584.00

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

Intrinsic Value of TCNS Clothing Co. Ltd as of November 8, 2024 is: 205.37

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 8, 2024, TCNS Clothing Co. Ltd is Overvalued by 64.83% compared to the current share price ₹584.00

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

Last 5 Year EPS CAGR: -55.59%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (359.25 cr) compared to borrowings (200.50 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (437.75 cr) and profit (0.33 cr) over the years.
  1. The stock has a low average ROCE of 9.42%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 137.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 235.33, 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 TCNS Clothing Co. Ltd:
    1. Net Profit Margin: -30.07%
      • 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: -41.13% (Industry Average ROCE: 12.12%)
      • 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%: -95.12% (Industry Average ROE: 34.68%)
      • 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): -3.08
      • 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: 0.42
      • 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: 36.34)
      • 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: 0.42
      • 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

TCNS Clothing Co. Ltd. is a Public Limited Listed company incorporated on 03/12/1997 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L99999DL1997PLC090978 and registration number is 090978. Currently Company is involved in the business activities of Manufacture of wearing apparel, except fur apparel. Company’s Total Operating Revenue is Rs. 896.05 Cr. and Equity Capital is Rs. 12.32 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - General119-127, W House, Mandi Road, New Delhi Delhi 110030investors@tcnsclothing.com
https://www.wforwoman.com
Management
NamePosition Held
Mr. Onkar Singh PasrichaChairman & Executive Director
Mr. Anant Kumar DagaManaging Director
Mr. Naveen WadheraNon Executive Director
Mr. Arvinder Singh PasrichaNon Executive Director
Ms. Sangeeta TalwarIndependent Director
Mr. Bhaskar PramanikIndependent Director
Ms. Neeru AbrolIndependent Director
Mr. Suresh JayaramanIndependent Director

FAQ

What is the latest fair value of TCNS Clothing Co. Ltd?

The latest fair value of TCNS Clothing Co. Ltd is ₹462.44.

What is the Market Cap of TCNS Clothing Co. Ltd?

The Market Cap of TCNS Clothing Co. Ltd is 3,697 Cr..

What is the current Stock Price of TCNS Clothing Co. Ltd as on 08 September 2024?

The current stock price of TCNS Clothing Co. Ltd as on 08 September 2024 is 584.

What is the High / Low of TCNS Clothing Co. Ltd stocks in FY 2024?

In FY 2024, the High / Low of TCNS Clothing Co. Ltd stocks is 619/327.

What is the Stock P/E of TCNS Clothing Co. Ltd?

The Stock P/E of TCNS Clothing Co. Ltd is .

What is the Book Value of TCNS Clothing Co. Ltd?

The Book Value of TCNS Clothing Co. Ltd is 47.9.

What is the Dividend Yield of TCNS Clothing Co. Ltd?

The Dividend Yield of TCNS Clothing Co. Ltd is 0.00 %.

What is the ROCE of TCNS Clothing Co. Ltd?

The ROCE of TCNS Clothing Co. Ltd is 28.7 %.

What is the ROE of TCNS Clothing Co. Ltd?

The ROE of TCNS Clothing Co. Ltd is 63.1 %.

What is the Face Value of TCNS Clothing Co. Ltd?

The Face Value of TCNS Clothing Co. Ltd is 2.00.

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 TCNS Clothing Co. 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