Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 15 October, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 590005 | NSE: TIDEWATER

Tide Water Oil Co (I) Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

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

Market Cap 3,710 Cr.
Current Price 2,130
High / Low2,800/1,031
Stock P/E24.9
Book Value 475
Dividend Yield2.44 %
ROCE23.7 %
ROE18.0 %
Face Value 2.00
PEG Ratio22.12

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

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

Competitors of Tide Water Oil Co (I) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gandhar Oil Refinery (India) Ltd 2,387 Cr. 244345/18218.9 1200.21 %21.6 %14.7 % 2.00
Continental Petroleums Ltd 54.6 Cr. 98.2114/43.814.8 43.30.00 %16.6 %12.0 % 5.00
Tide Water Oil Co (I) Ltd 3,710 Cr. 2,1302,800/1,03124.9 4752.44 %23.7 %18.0 % 2.00
Savita Oil Technologies Ltd 3,824 Cr. 554655/31520.0 2350.72 %18.7 %12.4 % 2.00
Castrol India Ltd 22,755 Cr. 230284/13225.7 21.63.26 %56.7 %42.5 % 5.00
Industry Average8,169.00 Cr651.2420.86178.981.33%27.46%19.92%3.20

All Competitor Stocks of Tide Water Oil Co (I) Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales285394412445439448497470474474496487479
Expenses258356376399399420463429435433455440437
Operating Profit27383645402834413942424741
OPM %10%10%9%10%9%6%7%9%8%9%8%10%9%
Other Income588864668881214
Interest0000000000101
Depreciation4444444444445
Profit before tax28434049422835434245455550
Tax %18%25%25%23%19%26%26%19%26%22%25%23%26%
Net Profit23323038342026343135344337
EPS in Rs13.0818.3717.3521.6919.3511.7314.8919.7517.9020.2119.2724.6321.30

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

Quarterly Chart

Profit & Loss - Annual Report

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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales9039731,0379741,1301,2751,3771,3171,2581,5361,8541,9311,936
Expenses8108809568609941,1361,2461,1781,0941,3881,7121,7621,764
Operating Profit939381113136139131138164147142169172
OPM %10%10%8%12%12%11%9%10%13%10%8%9%9%
Other Income101716324353232383830223542
Interest0011332222122
Depreciation991179910121415151517
Profit before tax94100232129159159149161185160147187195
Tax %33%35%32%39%32%33%35%24%24%23%22%24%
Net Profit63651598610810797122141123115143149
EPS in Rs36.5837.6792.1849.3961.8761.0555.4169.7580.7670.5465.7682.0385.41
Dividend Payout %21%27%19%50%47%56%82%70%72%76%62%62%

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%-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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital111222222333
Reserves337381499585611649638679735716761824
Borrowings59212829423938181451
Other Liabilities172213217231255256249248286302330327
Total Liabilities5156047388468979499289671,0401,0361,0991,156
Fixed Assets122122194148231242249263277270272294
CWIP11020321243210
Investments100686570697674707073
Other Assets392481544628600634608616686692756779
Total Assets5156047388468979499289671,0401,0361,0991,156

Reserves and Borrowings Chart

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days586663626554524247504744
Inventory Days951128410511593851021501099084
Days Payable6373608996908087107796467
Cash Conversion Cycle8910587788457565690807361
Working Capital Days778670427466635877696086
ROCE %29%28%18%23%26%24%22%23%26%22%20%24%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters57.28%57.28%57.28%57.28%57.28%57.28%57.28%57.28%57.28%62.27%62.27%64.15%
FIIs0.68%0.77%0.83%0.70%0.73%0.77%0.82%0.83%0.97%1.38%1.51%1.98%
DIIs10.68%9.46%8.47%7.99%7.33%6.00%5.37%2.10%2.12%1.27%1.22%1.23%
Public28.90%30.03%30.96%31.57%32.20%33.49%34.06%37.33%37.18%32.61%32.53%30.17%
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 Shareholders60,51262,88465,12564,68865,56066,30666,01870,41164,94768,09765,84362,488

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 Fund11,2860.233.0511,2862024-10-090%

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) (%)57.2963.91113.4059.1852.81
Dividend Payout Ratio (CP) (%)51.7756.27100.7253.8047.91
Earning Retention Ratio (%)42.7136.09-13.4040.8247.19
Cash Earning Retention Ratio (%)48.2343.73-0.7246.2052.09
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 (%)42.7036.08-13.4040.8147.18
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 of Tide Water Oil Co (I) Ltd as of October 15, 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 October 15, 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 October 15, 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 October 15, 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

StrengthWeakness
  1. The stock has a high average ROCE of 23.75%, which is a positive sign.
  2. The company has higher reserves (617.92 cr) compared to borrowings (20.75 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (220.00 cr) and profit (158.23 cr) over the years.
  1. The stock has a high average Working Capital Days of 69.00, which may not be favorable.
  2. 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: 27.46%)
      • 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: 19.92%)
      • 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: 20.86)
      • 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
INDUSTRYADDRESSCONTACT
Industry not foundAddress not foundContact not found
Management Data not Available

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 ₹2180.90.

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 13 October 2024?

The current stock price of Tide Water Oil Co (I) Ltd as on 13 October 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.

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