Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of TD Power Systems Ltd (TDPS)

About the Company - TD Power Systems Ltd (TDPS)

TD Power Systems Ltd. is a Public Limited Listed company incorporated on 16/04/1999 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L31103KA1999PLC025071 and registration number is 025071. Currently Company is involved in the business activities of Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus. Company’s Total Operating Revenue is Rs. 718.81 Cr. and Equity Capital is Rs. 31.10 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - Heavy# 27, 28 & 29, KIADB Industrial Area, Bengalure Rural Dist. Karnataka 562111investor.relations@tdps.co.in
http://www.tdps.co.in
Management
NamePosition Held
Mr. Mohib N KherichaChairman
Mr. Nikhil KumarManaging Director
Ms. S PrabhamaniDirector
Mr. Nitin BagamaneIndependent Director
Ms. Prathibha SastryIndependent Director
Mr. Ravi Kanth ManthaIndependent Director

TD Power Systems Ltd. Share Price Update

Share PriceValue
Today₹283.70
Previous Day₹291.05

Basic Stock Data of TD Power Systems Ltd (TDPS)

Market Cap 4,613 Cr.
Current Price 295
High / Low314/137
Stock P/E37.3
Book Value 42.0
Dividend Yield0.17 %
ROCE22.1 %
ROE16.9 %
Face Value 2.00

Data Source: screener.in

Competitors of TD Power Systems Ltd (TDPS)

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
TRF Ltd 558 Cr. 507510/15312.0 44.40.00 %188 %% 10.0
Walchandnagar Industries Ltd 1,123 Cr. 244269/49.8 52.80.00 %6.95 %44.0 % 2.00
Bharat Heavy Electricals Ltd (BHEL) 82,142 Cr. 236243/67.6 74.90.17 %3.33 %1.70 % 2.00
Praj Industries Ltd 9,238 Cr. 503650/29933.0 60.50.90 %31.0 %23.7 % 2.00
The Anup Engineering Ltd 2,755 Cr. 2,7793,176/95037.4 4680.54 %16.8 %12.4 % 10.0
Industry Average19,163.20 Cr853.8016.48140.120.32%49.22%16.36%5.20

TD Power Systems Ltd (TDPS) Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales183169168163227180227205213205250220274
Expenses155144149148203158197177187172206182227
Operating Profit28241915242231282633433947
OPM %15%14%11%9%11%12%13%14%12%16%17%18%17%
Other Income2844398760843
Interest12-01001100000
Depreciation5555666555555
Profit before tax23251813212533282729463745
Tax %18%17%15%21%24%21%25%24%26%30%23%28%27%
Net Profit19211510162025212020352733
EPS in Rs1.201.360.990.671.031.261.591.381.281.292.271.712.10

TD Power Systems Ltd (TDPS) Quarterly Chart

TD Power Systems Ltd (TDPS) Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,032587480597507380435459515594797872949
Expenses936534458581498369424429477523701739787
Operating Profit955323169111030387197134163
OPM %9%9%5%3%2%3%2%7%7%12%12%15%17%
Other Income2431342420201692716242115
Interest107667696109740
Depreciation9121529292827262222222121
Profit before tax10064356-7-4-107335692130156
Tax %33%35%36%114%-33%-24%-51%57%9%20%23%25%
Net Profit674223-1-9-4-14330457097115
EPS in Rs4.042.511.37-0.05-0.55-0.27-0.870.201.942.924.536.207.37
Dividend Payout %10%16%34%-1,059%-110%-135%-41%194%23%17%15%16%

TD Power Systems Ltd (TDPS) Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-37.31%-45.24%-104.35%-800.00%55.56%-250.00%121.43%900.00%50.00%55.56%38.57%
Change in YoY Net Profit Growth (%)0.00%-7.92%-59.11%-695.65%855.56%-305.56%371.43%778.57%-850.00%5.56%-16.98%

TD Power Systems Ltd (TDPS) Growth

Compounded Sales Growth
10 Years:4%
5 Years:15%
3 Years:19%
TTM:16%
Compounded Profit Growth
10 Years:9%
5 Years:54%
3 Years:71%
TTM:44%
Stock Price CAGR
10 Years:20%
5 Years:64%
3 Years:114%
1 Year:108%
Return on Equity
10 Years:5%
5 Years:9%
3 Years:13%
Last Year:17%

TD Power Systems Ltd (TDPS) Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital33333333333333313131313131
Reserves427461474461440437416385394440496573624
Borrowings352763572845696168527100
Other Liabilities391321397345292233190271265262309299345
Total Liabilities8858429688967937497087487577859079031,000
Fixed Assets131200219272258233213198180174166163164
CWIP1316540111111102
Investments0000000102020202010
Other Assets741626695624534515495539557590720720824
Total Assets8858429688967937497087487577859079031,000

TD Power Systems Ltd (TDPS) Reserves and Borrowings Chart

TD Power Systems Ltd (TDPS) Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -3765-2547-13-20-34856-31189
Cash from Investing Activity -17-58-50-3293-13-0-11-14-13
Cash from Financing Activity 149-1925-12-3517-45-17-2011-89
Net Cash Flow94-12-5032-46-97-1039-348-13

TD Power Systems Ltd (TDPS) Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days8511116995112154155182123100110113
Inventory Days374490628811396129147174134123
Days Payable711111761361451841401921461009781
Cash Conversion Cycle514482215583111118123174147154
Working Capital Days14225-312551071098896110100
ROCE %29%14%8%2%0%1%-0%3%6%12%16%22%

TD Power Systems Ltd (TDPS) Financial Efficiency Indicators Chart

TD Power Systems Ltd (TDPS) Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters58.97%58.88%58.73%58.65%58.65%58.61%58.57%58.46%58.51%58.43%34.27%34.27%
FIIs2.74%2.66%2.72%2.53%2.05%0.88%1.33%1.57%1.85%2.61%10.11%11.35%
DIIs12.57%11.80%10.73%11.21%11.97%12.22%11.86%13.16%15.42%16.33%33.14%32.81%
Public24.51%25.29%27.21%27.00%26.73%27.69%28.24%26.60%24.03%22.62%22.49%21.58%
Others1.22%1.37%0.61%0.60%0.60%0.60%0.00%0.20%0.20%0.02%0.00%0.00%
No. of Shareholders8,89211,34310,71412,26813,35215,22018,96322,27827,87234,40851,76360,287

TD Power Systems Ltd (TDPS) Shareholding Pattern Chart

No. of TD Power Systems Ltd (TDPS) Shareholders

TD Power Systems Ltd (TDPS) Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Small Cap Fund112753200.67293.21
Aditya Birla Sun Life Small Cap Fund35293761.7591.78
ICICI Prudential Smallcap Fund31132391.1480.96
Quant Active Fund27000000.9570.21
HSBC Aggressive Hybrid Fund22472811.1358.44
HDFC Multi Cap Fund17722690.4246.09
Mirae Asset Aggressive Hybrid Fund16455520.5242.79
UTI Small Cap Fund16041231.1641.72
Aditya Birla Sun Life Multi-Cap Fund15682700.8340.78
HDFC Dividend Yield Fund14621220.8738.02

TD Power Systems Ltd (TDPS) ROCE Trend

TD Power Systems Ltd (TDPS) EPS Trend

TD Power Systems Ltd (TDPS) Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.0010.0010.0010.0010.00
Basic EPS (Rs.)6.2322.9614.839.760.98
Diluted EPS (Rs.)6.2322.8014.619.670.98
Cash EPS (Rs.)7.5329.8021.5616.869.41
Book Value[Excl.RevalReserv]/Share (Rs.)38.74169.49152.16137.39134.00
Book Value[Incl.RevalReserv]/Share (Rs.)38.74169.49152.16137.39134.00
Revenue From Operations / Share (Rs.)55.90256.38191.89166.45148.03
PBDIT / Share (Rs.)9.6134.9124.3315.0011.71
PBIT / Share (Rs.)8.2827.8317.387.813.33
PBT / Share (Rs.)8.3029.6018.2610.592.42
Net Profit / Share (Rs.)6.2022.7114.619.681.03
NP After MI And SOA / Share (Rs.)6.2022.7114.619.681.03
PBDIT Margin (%)17.1913.6112.689.017.91
PBIT Margin (%)14.8110.859.054.692.25
PBT Margin (%)14.8511.549.516.361.63
Net Profit Margin (%)11.098.857.615.810.69
NP After MI And SOA Margin (%)11.098.857.615.810.69
Return on Networth / Equity (%)16.0113.409.607.040.76
Return on Capital Employeed (%)21.0616.0211.165.542.41
Return On Assets (%)10.717.795.753.950.42
Total Debt / Equity (X)0.000.130.110.150.14
Asset Turnover Ratio (%)0.960.940.650.630.61
Current Ratio (X)2.411.911.881.671.64
Quick Ratio (X)1.731.341.261.221.28
Inventory Turnover Ratio (X)2.762.772.422.903.24
Dividend Payout Ratio (NP) (%)19.3410.995.1343.59225.49
Dividend Payout Ratio (CP) (%)15.938.373.4725.0224.71
Earning Retention Ratio (%)80.6689.0194.8756.41-125.49
Cash Earning Retention Ratio (%)84.0791.6396.5374.9875.29
Interest Coverage Ratio (X)140.9952.7916.868.5112.78
Interest Coverage Ratio (Post Tax) (X)90.7531.669.523.912.13
Enterprise Value (Cr.)2300.89981.91345.35171.78313.59
EV / Net Operating Revenue (X)2.641.230.580.330.68
EV / EBITDA (X)15.349.044.593.708.63
MarketCap / Net Operating Revenue (X)2.831.340.770.500.82
Retention Ratios (%)80.6589.0094.8656.40-125.49
Price / BV (X)4.092.030.970.610.91
Price / Net Operating Revenue (X)2.831.340.770.500.82
EarningsYield0.030.060.090.110.01

TD Power Systems Ltd (TDPS) Profitability Ratios (%)

TD Power Systems Ltd (TDPS) Liquidity Ratios

TD Power Systems Ltd (TDPS) Liquidity Ratios (%)

TD Power Systems Ltd (TDPS) Interest Coverage Ratios (X)

TD Power Systems Ltd (TDPS) Valuation Ratios

Fair Value / Intrinsic Value of TD Power Systems Ltd (TDPS)

Fair Value: ₹265.21

The stock is overvalued by 10.10% compared to the current price ₹295

*Investments are subject to market risks

Strength and Weakness of TD Power Systems Ltd (TDPS)

StrengthWeakness
  1. The company has higher reserves (463.69 cr) compared to borrowings (44.31 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (551.77 cr) and profit (50.62 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 12.93 and average Dividend Yield of 8.33%.
  2. The stock has a low average ROCE of 9.42%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 59.58, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 96.92, which may not be favorable.

Should I Buy TD Power Systems Ltd (TDPS) Share Now?

  • Based on the analysis of various financial indicators, it may be worth considering investment in TD Power Systems Ltd (TDPS):
    1. Net Profit Margin: 11.09% (Higher values are generally favorable)
      • 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: 21.06% (Industry Average ROCE: 16.47%)
      • 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): 90.75 (Higher values, preferably > 2, are recommended)
      • 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: 1.73 (Higher values, preferably > 1, are recommended)
      • 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: 37.0 (Industry average Stock P/E: 47.26)
      • 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: 0.00 (Lower values, preferably < 1, are preferred)
      • 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.
    While these metrics suggest potential opportunity, it's essential to conduct thorough research or seek advice from financial experts before making any investment decisions.

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 TD Power Systems Ltd (TDPS). 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