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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Tide Water Oil Co (I) Ltd

Basic Stock Data

Last Updated: June 20, 2024, 10:21 pm

Market Cap 3,364 Cr.
Current Price 1,932
High / Low1,994/962
Stock P/E23.5
Book Value 475
Dividend Yield2.69 %
ROCE23.7 %
ROE18.0 %
Face Value 2.00
PEG Ratio7.13

Competitors of Tide Water Oil Co (I) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Continental Petroleums Ltd 39.4 Cr. 70.9114/43.814.4 43.30.00 %16.5 %12.0 % 5.00
Industry Average39.40 Cr70.9014.4043.300.00%16.50%12.00%5.00

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales365285394412445439448497470474474496487
Expenses322258356376399399420463429435433455440
Operating Profit43273836454028344139424247
OPM %12%10%10%9%10%9%6%7%9%8%9%8%10%
Other Income105888646688812
Interest1000000000010
Depreciation4444444444444
Profit before tax49284340494228354342454555
Tax %25%18%25%25%23%19%26%26%19%26%22%25%23%
Net Profit37233230383420263431353443
EPS in Rs20.9513.0818.3717.3521.6919.3511.7314.8919.7517.9020.2119.2724.63

Last Updated: June 9, 2024, 2:27 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 6:13 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales9039731,0379741,1301,2751,3771,3171,2581,5361,8541,931
Expenses8108809568609941,1361,2461,1781,0941,3881,7121,762
Operating Profit939381113136139131138164147142169
OPM %10%10%8%12%12%11%9%10%13%10%8%9%
Other Income1017163243532323838302235
Interest001133222212
Depreciation9911799101214151615
Profit before tax94100232129159159149161185160147187
Tax %33%35%32%39%32%33%35%24%24%23%22%24%
Net Profit63651598610810797122141123114143
EPS in Rs36.5837.6792.1849.3961.8761.0555.4169.7580.7670.5465.7182.03
Dividend Payout %21%27%19%50%47%56%82%70%72%76%62%38%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)3.17%144.62%-45.91%25.58%-0.93%-9.35%25.77%15.57%-12.77%-7.32%25.44%
Change in YoY Net Profit Growth (%)0.00%141.44%-190.53%71.49%-26.51%-8.42%35.12%-10.20%-28.34%5.45%32.76%

Growth

Compounded Sales Growth
10 Years:7%
5 Years:7%
3 Years:15%
TTM:4%
Compounded Profit Growth
10 Years:8%
5 Years:8%
3 Years:0%
TTM:25%
Stock Price CAGR
10 Years:14%
5 Years:14%
3 Years:-7%
1 Year:97%
Return on Equity
10 Years:17%
5 Years:18%
3 Years:17%
Last Year:18%

Last Updated: June 16, 2024, 4:51 pm

Balance Sheet

Last Updated: June 3, 2024, 4:23 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1111222222333
Reserves306337381499585611649638679735716760800
Borrowings259212829423938181450
Other Liabilities156172213217231255256249248286302330305
Total Liabilities4655156047388468979499289671,0401,0361,0981,108
Fixed Assets125122122194148231242249263277270271265
CWIP21102032124324
Investments1100686570697674707074
Other Assets338392481544628600634608616686692756766
Total Assets4655156047388468979499289671,0401,0361,0981,108

Reserves and Borrowings Chart

Tide Water Oil Co (I) Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 852630801273594791336993103
Cash from Investing Activity -59-2-245-724-86-1-4939376
Cash from Financing Activity -7-10-12-20-36-56-58-110-80-102-142-81
Net Cash Flow181416105832-49-3146-1128

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow88.0084.0060.0085.00107.0097.0092.00100.00146.00133.00137.00168.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days385866636265545242475047
Inventory Days1119511284105115938510215010990
Days Payable6863736089969080871077964
Cash Conversion Cycle8189105877884575656908073
Working Capital Days687786704274666358776960
ROCE %29%28%18%23%26%24%22%23%26%22%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters57.28%57.28%57.28%57.28%57.28%57.28%57.28%57.28%57.28%57.28%57.28%62.27%
FIIs0.59%0.59%0.68%0.77%0.83%0.70%0.73%0.77%0.82%0.83%0.97%1.38%
DIIs11.10%10.89%10.68%9.46%8.47%7.99%7.33%6.00%5.37%2.10%2.12%1.27%
Public28.56%28.77%28.90%30.03%30.96%31.57%32.20%33.49%34.06%37.33%37.18%32.61%
Others2.46%2.46%2.46%2.46%2.46%2.46%2.46%2.46%2.46%2.46%2.46%2.46%
No. of Shareholders23,23435,14760,51262,88465,12564,68865,56066,30666,01870,41164,94768,097

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund7,8520.181.117,8522024-06-170%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.005.005.00
Basic EPS (Rs.)84.1067.3772.32415.80359.11
Diluted EPS (Rs.)84.1067.3772.32415.80359.11
Cash EPS (Rs.)85.2272.4175.36411.56349.65
Book Value[Excl.RevalReserv]/Share (Rs.)486.76449.18423.432166.352001.79
Book Value[Incl.RevalReserv]/Share (Rs.)486.76449.18423.432166.352001.79
Revenue From Operations / Share (Rs.)1135.991090.47903.363701.413872.26
PBDIT / Share (Rs.)112.2992.4598.18548.35469.47
PBIT / Share (Rs.)103.3483.3089.08506.82432.74
PBT / Share (Rs.)102.2882.4288.14499.74425.79
Net Profit / Share (Rs.)76.2663.2666.26370.03312.91
NP After MI And SOA / Share (Rs.)84.0867.3572.30415.68359.00
PBDIT Margin (%)9.888.4710.8614.8112.12
PBIT Margin (%)9.097.639.8613.6911.17
PBT Margin (%)9.007.559.7513.5010.99
Net Profit Margin (%)6.715.807.339.998.08
NP After MI And SOA Margin (%)7.406.178.0011.239.27
Return on Networth / Equity (%)17.2714.9917.0719.1817.93
Return on Capital Employeed (%)19.8817.3319.5821.8120.03
Return On Assets (%)12.3610.4211.8613.5812.62
Total Debt / Equity (X)0.000.010.010.020.05
Asset Turnover Ratio (%)1.711.511.281.111.25
Current Ratio (X)2.822.642.622.722.63
Quick Ratio (X)1.801.561.521.581.77
Inventory Turnover Ratio (X)3.713.432.692.333.17
Dividend Payout Ratio (NP) (%)0.0063.91113.4059.1852.81
Dividend Payout Ratio (CP) (%)0.0056.27100.7253.8047.91
Earning Retention Ratio (%)0.0036.09-13.4040.8247.19
Cash Earning Retention Ratio (%)0.0043.73-0.7246.2052.09
Interest Coverage Ratio (X)106.65105.48104.3277.3667.64
Interest Coverage Ratio (Post Tax) (X)73.4273.1771.4053.2045.68
Enterprise Value (Cr.)2335.081260.121753.041303.05918.53
EV / Net Operating Revenue (X)1.210.671.141.040.69
EV / EBITDA (X)12.238.0210.506.995.75
MarketCap / Net Operating Revenue (X)1.230.761.231.170.82
Retention Ratios (%)0.0036.08-13.4040.8147.18
Price / BV (X)2.871.862.622.001.60
Price / Net Operating Revenue (X)1.230.761.231.170.82
EarningsYield0.060.080.060.090.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 2,063.30

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.

Undervalued: 6.80% compared to the current price 1932

Intrinsic Value: 2,131.32

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 10.32% compared to the current price ₹1932

Last 5 Year EPS CAGR: 3.30%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 21.75%, which is a positive sign.
  2. The company has higher reserves (617.83 cr) compared to borrowings (20.75 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (238.25 cr) and profit (155.17 cr) over the years.
  1. The stock has a high average Working Capital Days of 67.50, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 78.00, 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: %)
      • 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: %)
      • 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: 1.80
      • 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: 23.5 (Industry average Stock P/E: )
      • 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: 0.00
      • 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

Tide Water Oil Company India Ltd. is a Public Limited Listed company incorporated on 26/10/1921 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L23209WB1921PLC004357 and registration number is 004357. Currently Company is involved in the business activities of Wholesale of solid, liquid and gaseous fuels and related products. Company’s Total Operating Revenue is Rs. 1247.65 Cr. and Equity Capital is Rs. 3.40 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Lubricants'Yule House', 8, Dr. Rajendra Prasad Sarani, Kolkata West Bengal 700001tidecal@veedol.com
http://www.veedolindia.com
Management
NamePosition Held
Mr. Sanjoy BhattacharyaChairman
Mr. Arijit BasuManaging Director
Mr. P S BhattacharyyaIndependent Director
Mr. D S ChandavarkarNon Executive Director
Mr. Subir DasIndependent Director
Mr. P Y GuravIndependent Director
Mr. Praveen P KadleIndependent Director
Mr. Vijay MittalNon Executive Director
Mrs. B S SihagIndependent Director
Mr. Vinod S VyasNon Executive Director

FAQ

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

The latest fair value of Tide Water Oil Co (I) Ltd is ₹2063.30.

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

The Market Cap of Tide Water Oil Co (I) Ltd is 3,364 Cr..

What is the current Stock Price of Tide Water Oil Co (I) Ltd as on 21 June 2024?

The current stock price of Tide Water Oil Co (I) Ltd as on 21 June 2024 is ₹1,932.

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 1,994/962.

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 23.5.

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 2.69 %.

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.

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 Tide Water Oil Co (I) 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