Tide Water Oil Co (I) Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: October 8, 2024, 10:45 pm

Market Cap	3,710 Cr.
Current Price	2,130
High / Low	2,800/1,031
Stock P/E	24.9
Book Value	475
Dividend Yield	2.44 %
ROCE	23.7 %
ROE	18.0 %
Face Value	2.00
PEG Ratio	22.12

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Tide Water Oil Co (I) Ltd

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Gandhar Oil Refinery (India) Ltd	2,115 Cr.	216	287/182	20.1	123	0.23 %	21.6 %	14.7 %	2.00
Continental Petroleums Ltd	62.7 Cr.	113	123/51.7	13.2	48.0	0.00 %	16.6 %	12.0 %	5.00
Tide Water Oil Co (I) Ltd	3,710 Cr.	2,130	2,800/1,031	24.9	475	2.44 %	23.7 %	18.0 %	2.00
Savita Oil Technologies Ltd	3,711 Cr.	537	655/340	21.2	235	0.76 %	18.7 %	12.4 %	2.00
Gulf Oil Lubricants India Ltd	5,957 Cr.	1,209	1,514/703	17.6	279	2.98 %	27.2 %	24.7 %	2.00
Industry Average	5,899.17 Cr	636.81		18.60	177.59	1.46%	25.21%	19.12%	3.29

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	285	394	412	445	439	448	497	470	474	474	496	487	479
Expenses	258	356	376	399	399	420	463	429	435	433	455	440	437
Operating Profit	27	38	36	45	40	28	34	41	39	42	42	47	41
OPM %	10%	10%	9%	10%	9%	6%	7%	9%	8%	9%	8%	10%	9%
Other Income	5	8	8	8	6	4	6	6	8	8	8	12	14
Interest	0	0	0	0	0	0	0	0	0	0	1	0	1
Depreciation	4	4	4	4	4	4	4	4	4	4	4	4	5
Profit before tax	28	43	40	49	42	28	35	43	42	45	45	55	50
Tax %	18%	25%	25%	23%	19%	26%	26%	19%	26%	22%	25%	23%	26%
Net Profit	23	32	30	38	34	20	26	34	31	35	34	43	37
EPS in Rs	13.08	18.37	17.35	21.69	19.35	11.73	14.89	19.75	17.90	20.21	19.27	24.63	21.30

Last Updated: September 18, 2024, 12:47 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 18, 2024, 12:47 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	903	973	1,037	974	1,130	1,275	1,377	1,317	1,258	1,536	1,854	1,931	1,936
Expenses	810	880	956	860	994	1,136	1,246	1,178	1,094	1,388	1,712	1,762	1,764
Operating Profit	93	93	81	113	136	139	131	138	164	147	142	169	172
OPM %	10%	10%	8%	12%	12%	11%	9%	10%	13%	10%	8%	9%	9%
Other Income	10	17	163	24	35	32	32	38	38	30	22	35	42
Interest	0	0	1	1	3	3	2	2	2	2	1	2	2
Depreciation	9	9	11	7	9	9	10	12	14	15	15	15	17
Profit before tax	94	100	232	129	159	159	149	161	185	160	147	187	195
Tax %	33%	35%	32%	39%	32%	33%	35%	24%	24%	23%	22%	24%
Net Profit	63	65	159	86	108	107	97	122	141	123	115	143	149
EPS in Rs	36.58	37.67	92.18	49.39	61.87	61.05	55.41	69.75	80.76	70.54	65.76	82.03	85.41
Dividend Payout %	21%	27%	19%	50%	47%	56%	82%	70%	72%	76%	62%	62%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	3.17%	144.62%	-45.91%	25.58%	-0.93%	-9.35%	25.77%	15.57%	-12.77%	-6.50%	24.35%
Change in YoY Net Profit Growth (%)	0.00%	141.44%	-190.53%	71.49%	-26.51%	-8.42%	35.12%	-10.20%	-28.34%	6.26%	30.85%

Tide Water Oil Co (I) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: Unknown

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1	1	1	2	2	2	2	2	2	3	3	3
Reserves	337	381	499	585	611	649	638	679	735	716	761	824
Borrowings	5	9	21	28	29	42	39	38	18	14	5	1
Other Liabilities	172	213	217	231	255	256	249	248	286	302	330	327
Total Liabilities	515	604	738	846	897	949	928	967	1,040	1,036	1,099	1,156
Fixed Assets	122	122	194	148	231	242	249	263	277	270	272	294
CWIP	1	1	0	2	0	3	2	12	4	3	2	10
Investments	1	0	0	68	65	70	69	76	74	70	70	73
Other Assets	392	481	544	628	600	634	608	616	686	692	756	779
Total Assets	515	604	738	846	897	949	928	967	1,040	1,036	1,099	1,156

Reserves and Borrowings Chart

No data available for this post.

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	88.00	84.00	60.00	85.00	107.00	97.00	92.00	100.00	146.00	133.00	137.00	168.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	58	66	63	62	65	54	52	42	47	50	47	44
Inventory Days	95	112	84	105	115	93	85	102	150	109	90	84
Days Payable	63	73	60	89	96	90	80	87	107	79	64	67
Cash Conversion Cycle	89	105	87	78	84	57	56	56	90	80	73	61
Working Capital Days	77	86	70	42	74	66	63	58	77	69	60	86
ROCE %	29%	28%	18%	23%	26%	24%	22%	23%	26%	22%	20%	24%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	57.28%	57.28%	57.28%	57.28%	57.28%	57.28%	57.28%	57.28%	57.28%	62.27%	62.27%	64.15%
FIIs	0.68%	0.77%	0.83%	0.70%	0.73%	0.77%	0.82%	0.83%	0.97%	1.38%	1.51%	1.98%
DIIs	10.68%	9.46%	8.47%	7.99%	7.33%	6.00%	5.37%	2.10%	2.12%	1.27%	1.22%	1.23%
Public	28.90%	30.03%	30.96%	31.57%	32.20%	33.49%	34.06%	37.33%	37.18%	32.61%	32.53%	30.17%
Others	2.46%	2.46%	2.46%	2.46%	2.46%	2.46%	2.46%	2.46%	2.46%	2.46%	2.46%	2.46%
No. of Shareholders	60,512	62,884	65,125	64,688	65,560	66,306	66,018	70,411	64,947	68,097	65,843	62,488

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Nifty Microcap 250 Index Fund	11,286	0.23	3.05	11,286	2024-12-22	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	5.00	5.00
Basic EPS (Rs.)	84.10	67.37	72.32	415.80	359.11
Diluted EPS (Rs.)	84.10	67.37	72.32	415.80	359.11
Cash EPS (Rs.)	85.22	72.41	75.36	411.56	349.65
Book Value[Excl.RevalReserv]/Share (Rs.)	486.76	449.18	423.43	2166.35	2001.79
Book Value[Incl.RevalReserv]/Share (Rs.)	486.76	449.18	423.43	2166.35	2001.79
Revenue From Operations / Share (Rs.)	1135.99	1090.47	903.36	3701.41	3872.26
PBDIT / Share (Rs.)	112.29	92.45	98.18	548.35	469.47
PBIT / Share (Rs.)	103.34	83.30	89.08	506.82	432.74
PBT / Share (Rs.)	102.28	82.42	88.14	499.74	425.79
Net Profit / Share (Rs.)	76.26	63.26	66.26	370.03	312.91
NP After MI And SOA / Share (Rs.)	84.08	67.35	72.30	415.68	359.00
PBDIT Margin (%)	9.88	8.47	10.86	14.81	12.12
PBIT Margin (%)	9.09	7.63	9.86	13.69	11.17
PBT Margin (%)	9.00	7.55	9.75	13.50	10.99
Net Profit Margin (%)	6.71	5.80	7.33	9.99	8.08
NP After MI And SOA Margin (%)	7.40	6.17	8.00	11.23	9.27
Return on Networth / Equity (%)	17.27	14.99	17.07	19.18	17.93
Return on Capital Employeed (%)	19.88	17.33	19.58	21.81	20.03
Return On Assets (%)	12.36	10.42	11.86	13.58	12.62
Total Debt / Equity (X)	0.00	0.01	0.01	0.02	0.05
Asset Turnover Ratio (%)	1.71	1.51	1.28	1.11	1.25
Current Ratio (X)	2.82	2.64	2.62	2.72	2.63
Quick Ratio (X)	1.80	1.56	1.52	1.58	1.77
Inventory Turnover Ratio (X)	3.71	3.43	2.69	2.33	3.17
Dividend Payout Ratio (NP) (%)	57.29	63.91	113.40	59.18	52.81
Dividend Payout Ratio (CP) (%)	51.77	56.27	100.72	53.80	47.91
Earning Retention Ratio (%)	42.71	36.09	-13.40	40.82	47.19
Cash Earning Retention Ratio (%)	48.23	43.73	-0.72	46.20	52.09
Interest Coverage Ratio (X)	106.65	105.48	104.32	77.36	67.64
Interest Coverage Ratio (Post Tax) (X)	73.42	73.17	71.40	53.20	45.68
Enterprise Value (Cr.)	2335.08	1260.12	1753.04	1303.05	918.53
EV / Net Operating Revenue (X)	1.21	0.67	1.14	1.04	0.69
EV / EBITDA (X)	12.23	8.02	10.50	6.99	5.75
MarketCap / Net Operating Revenue (X)	1.23	0.76	1.23	1.17	0.82
Retention Ratios (%)	42.70	36.08	-13.40	40.81	47.18
Price / BV (X)	2.87	1.86	2.62	2.00	1.60
Price / Net Operating Revenue (X)	1.23	0.76	1.23	1.17	0.82
EarningsYield	0.06	0.08	0.06	0.09	0.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Tide Water Oil Co (I) Ltd as of December 26, 2024 is: 2,180.90

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 December 26, 2024, Tide Water Oil Co (I) Ltd is Undervalued by 2.39% compared to the current share price 2,130.00

Intrinsic Value of Tide Water Oil Co (I) Ltd as of December 26, 2024 is: 2,205.46

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 December 26, 2024, Tide Water Oil Co (I) Ltd is Undervalued by 3.54% compared to the current share price 2,130.00

Last 5 Year EPS CAGR: 1.13%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 23.75%, which is a positive sign. The company has higher reserves (617.92 cr) compared to borrowings (20.75 cr), indicating strong financial stability. The company has shown consistent growth in sales (220.00 cr) and profit (158.23 cr) over the years.	The stock has a high average Working Capital Days of 69.00, which may not be favorable. The stock has a high average Cash Conversion Cycle of 76.33, 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 Tide Water Oil Co (I) Ltd:
1. Net Profit Margin: 6.71%
  - 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: 19.88% (Industry Average ROCE: 25.21%)
  - 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%: 17.27% (Industry Average ROE: 19.12%)
  - 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): 73.42
  - 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: 1.8
  - 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: 24.9 (Industry average Stock P/E: 18.6)
  - 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
  - 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

No data availabale for About the Company

INDUSTRY	ADDRESS	CONTACT
Industry not found	Address not found	Contact not found

Management Data not Available

FAQ

What is the latest intrinsic value of Tide Water Oil Co (I) Ltd?

The latest intrinsic value of Tide Water Oil Co (I) Ltd as on 15 November 2024 is ₹2180.90, which is 2.39% higher than the current market price of ₹2,130.00.

What is the Market Cap of Tide Water Oil Co (I) Ltd?

The Market Cap of Tide Water Oil Co (I) Ltd is 3,710 Cr..

What is the current Stock Price of Tide Water Oil Co (I) Ltd as on 15 November 2024?

The current stock price of Tide Water Oil Co (I) Ltd as on 15 November 2024 is ₹2,130.

What is the High / Low of Tide Water Oil Co (I) Ltd stocks in FY 2024?

In FY 2024, the High / Low of Tide Water Oil Co (I) Ltd stocks is 2,800/1,031.

What is the Stock P/E of Tide Water Oil Co (I) Ltd?

The Stock P/E of Tide Water Oil Co (I) Ltd is 24.9.

What is the Book Value of Tide Water Oil Co (I) Ltd?

The Book Value of Tide Water Oil Co (I) Ltd is 475.

What is the Dividend Yield of Tide Water Oil Co (I) Ltd?

The Dividend Yield of Tide Water Oil Co (I) Ltd is 2.44 %.

What is the ROCE of Tide Water Oil Co (I) Ltd?

The ROCE of Tide Water Oil Co (I) Ltd is 23.7 %.

What is the ROE of Tide Water Oil Co (I) Ltd?

The ROE of Tide Water Oil Co (I) Ltd is 18.0 %.

What is the Face Value of Tide Water Oil Co (I) Ltd?

The Face Value of Tide Water Oil Co (I) Ltd is 2.00.