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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Tide Water Oil Co (I) Ltd

About the Company - Tide Water Oil Co (I) Ltd

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

Tide Water Oil Company India Ltd. Share Price Update

Share PriceValue
Today₹1,704.05
Previous Day₹1,737.80

Basic Stock Data of Tide Water Oil Co (I) Ltd

Market Cap 2,969 Cr.
Current Price 1,704
High / Low1,835/805
Stock P/E22.1
Book Value 461
Dividend Yield2.46 %
ROCE19.8 %
ROE15.4 %
Face Value 2.00

Data Source: screener.in

Competitors of Tide Water Oil Co (I) Ltd

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

Tide Water Oil Co (I) Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales326364365285394412445439448497470474474
Expenses282308322258356376399399420463429435433
Operating Profit45564327383645402834413942
OPM %14%15%12%10%10%9%10%9%6%7%9%8%9%
Other Income119105888646688
Interest0010000000000
Depreciation3444444444444
Profit before tax52614928434049422835434245
Tax %24%22%25%18%25%25%23%19%26%26%19%26%22%
Net Profit40483723323038342026343135
EPS in Rs22.6127.2520.9513.0818.3717.3521.6919.3511.7314.8919.7417.9020.21

Tide Water Oil Co (I) Ltd Quarterly Chart

Tide Water Oil Co (I) Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales8019039731,0379741,1301,2751,3771,3171,2581,5361,8541,915
Expenses7168108809568609941,1361,2461,1781,0941,3881,7121,760
Operating Profit85939381113136139131138164147142155
OPM %11%10%10%8%12%12%11%9%10%13%10%8%8%
Other Income101017163243532323838302227
Interest1001133222211
Depreciation99911799101214151616
Profit before tax8594100232129159159149161185160147165
Tax %32%33%35%32%39%32%33%35%24%24%23%22%
Net Profit5863651598610810797122141123114127
EPS in Rs33.6736.5837.6792.1849.3961.8761.0555.4169.7580.7670.5465.7172.74
Dividend Payout %18%21%27%19%50%47%56%82%70%72%76%62%

Tide Water Oil Co (I) Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)8.62%3.17%144.62%-45.91%25.58%-0.93%-9.35%25.77%15.57%-12.77%-7.32%
Change in YoY Net Profit Growth (%)0.00%-5.45%141.44%-190.53%71.49%-26.51%-8.42%35.12%-10.20%-28.34%5.45%

Tide Water Oil Co (I) Ltd Growth

Compounded Sales Growth
10 Years:7%
5 Years:8%
3 Years:12%
TTM:5%
Compounded Profit Growth
10 Years:6%
5 Years:1%
3 Years:-2%
TTM:14%
Stock Price CAGR
10 Years:16%
5 Years:12%
3 Years:26%
1 Year:80%
Return on Equity
10 Years:17%
5 Years:17%
3 Years:17%
Last Year:15%

Tide Water Oil Co (I) Ltd Balance Sheet

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

Tide Water Oil Co (I) Ltd 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

Tide Water Oil Co (I) Ltd 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%

Tide Water Oil Co (I) Ltd Financial Efficiency Indicators Chart

Tide Water Oil Co (I) Ltd 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

Tide Water Oil Co (I) Ltd Shareholding Pattern Chart

No. of Tide Water Oil Co (I) Ltd Shareholders

Tide Water Oil Co (I) Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Motilal Oswal Nifty Microcap 250 Index Fund78520.181.11

Tide Water Oil Co (I) Ltd ROCE Trend

Tide Water Oil Co (I) Ltd EPS Trend

Tide Water Oil Co (I) Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.005.005.005.00
Basic EPS (Rs.)67.3772.32415.80359.11285.29
Diluted EPS (Rs.)67.3772.32415.80359.11285.29
Cash EPS (Rs.)72.4175.36411.56349.65284.65
Book Value[Excl.RevalReserv]/Share (Rs.)449.18423.432166.352001.791882.23
Book Value[Incl.RevalReserv]/Share (Rs.)449.18423.432166.352001.791882.23
Revenue From Operations / Share (Rs.)1090.47903.363701.413872.264057.09
PBDIT / Share (Rs.)92.4598.18548.35469.47445.97
PBIT / Share (Rs.)83.3089.08506.82432.74415.21
PBT / Share (Rs.)82.4288.14499.74425.79407.94
Net Profit / Share (Rs.)63.2666.26370.03312.91253.88
NP After MI And SOA / Share (Rs.)67.3572.30415.68359.00285.21
PBDIT Margin (%)8.4710.8614.8112.1210.99
PBIT Margin (%)7.639.8613.6911.1710.23
PBT Margin (%)7.559.7513.5010.9910.05
Net Profit Margin (%)5.807.339.998.086.25
NP After MI And SOA Margin (%)6.178.0011.239.277.02
Return on Networth / Equity (%)14.9917.0719.1817.9315.15
Return on Capital Employeed (%)17.3319.5821.8120.0320.53
Return On Assets (%)10.4211.8613.5812.6210.44
Total Debt / Equity (X)0.010.010.020.050.06
Asset Turnover Ratio (%)1.511.281.111.251.32
Current Ratio (X)2.642.622.722.632.50
Quick Ratio (X)1.561.521.581.771.71
Inventory Turnover Ratio (X)3.432.692.333.173.71
Dividend Payout Ratio (NP) (%)63.91113.4059.1852.8193.44
Dividend Payout Ratio (CP) (%)56.27100.7253.8047.9184.34
Earning Retention Ratio (%)36.09-13.4040.8247.196.56
Cash Earning Retention Ratio (%)43.73-0.7246.2052.0915.66
Interest Coverage Ratio (X)105.48104.3277.3667.6461.39
Interest Coverage Ratio (Post Tax) (X)73.1771.4053.2045.6835.95
Enterprise Value (Cr.)1260.121753.041303.05918.531622.10
EV / Net Operating Revenue (X)0.671.141.040.691.18
EV / EBITDA (X)8.0210.506.995.7510.70
MarketCap / Net Operating Revenue (X)0.761.231.170.821.26
Retention Ratios (%)36.08-13.4040.8147.186.55
Price / BV (X)1.862.622.001.602.72
Price / Net Operating Revenue (X)0.761.231.170.821.26
EarningsYield0.080.060.090.110.05

Tide Water Oil Co (I) Ltd Profitability Ratios (%)

Tide Water Oil Co (I) Ltd Liquidity Ratios

Tide Water Oil Co (I) Ltd Liquidity Ratios (%)

Tide Water Oil Co (I) Ltd Interest Coverage Ratios (X)

Tide Water Oil Co (I) Ltd Valuation Ratios

Fair Value / Intrinsic Value of Tide Water Oil Co (I) Ltd

Fair Value: ₹1607.56

The stock is overvalued by 5.66% compared to the current price ₹1704

*Investments are subject to market risks

Strength and Weakness of Tide Water Oil Co (I) Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 21.75%, which is a positive sign.
  2. The company has higher reserves (592.00 cr) compared to borrowings (19.23 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (281.54 cr) and profit (148.08 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 305.43 and average Dividend Yield of 10.52%.
  2. The stock has a high average Working Capital Days of 67.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 78.00, which may not be favorable.

Should I Buy Tide Water Oil Co (I) Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Tide Water Oil Co (I) Ltd:
    1. Net Profit Margin: 5.80%
      • 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: 17.33% (Industry Average ROCE: 0%)
      • 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): 73.17
      • 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: 1.56
      • 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: 22.0 (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.
    6. ✓ Total Debt / Equity: 0.01
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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