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Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 505196 | NSE: TIL

Fundamental Analysis of TIL Ltd

Basic Stock Data

Last Updated: June 12, 2024, 11:19 am

Market Cap 1,723 Cr.
Current Price 259
High / Low270/28.4
Stock P/E
Book Value 4.74
Dividend Yield0.00 %
ROCE50.4 %
ROE%
Face Value 10.0
PEG Ratio0.00

Competitors of TIL Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Arvind SmartSpaces Ltd 3,163 Cr. 697764/29476.1 1090.24 %16.9 %8.65 % 10.0
CHD Chemicals Ltd 7.69 Cr. 7.6110.9/3.7929.6 13.20.00 %4.20 %1.97 % 10.0
MMTC Ltd 11,696 Cr. 78.0102/30.977.5 10.80.00 %9.18 %9.94 % 1.00
Balgopal Commercial Ltd 58.2 Cr. 35.245.0/16.34.42 17.30.00 %64.3 %59.9 % 10.0
Chambal Breweries & Distilleries Ltd 6.78 Cr. 9.0514.8/2.62 1.600.00 %8.62 %8.62 % 10.0
Industry Average2,986.33 Cr165.3737.5230.380.05%20.64%17.82%8.20

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales701117182115211163201231
Expenses108534142543215242922323060
Operating Profit-38-41-25-24-33-17-13-13-13-18-12-18-28
OPM %-55%-361%-148%-138%-161%-108%-872%-116%-85%-523%-58%-151%-90%
Other Income1210-251521-1290140135
Interest910910899989925
Depreciation3222222222222
Profit before tax-49-52-36-36-295-24-23-23-25-1-22118100
Tax %25%-3%10%13%-7%2%4%7%2%279%7%11%-69%
Net Profit-37-54-32-31-314-23-22-21-251-20105169
EPS in Rs-9.64-14.05-8.45-8.20-82.47-6.09-5.66-5.62-6.520.25-5.3427.4825.31

Last Updated: June 9, 2024, 10:19 am

Quarterly Chart

Profit & Loss - Annual Report

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

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,3821,1741,3131,472313308343439377313664451
Expenses1,3021,0881,1991,32031928130538744134418899113
Operating Profit7986113152-6273852-64-31-122-55-61
OPM %6%7%9%10%-2%9%11%12%-17%-10%-184%-125%-120%
Other Income1011115243368779-2497168
Interest44617894482421273438383729
Depreciation222831401311121213121097
Profit before tax2481522-43261121-34-71-418-9571
Tax %36%47%32%79%-1%6%33%-11%45%4%-3%4%
Net Profit154105-4425823-18-68-431-9160
EPS in Rs4.031.132.611.24-11.446.491.996.08-4.86-17.97-113.17-23.8915.87
Dividend Payout %20%47%15%0%0%12%46%8%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-73.33%150.00%-50.00%-980.00%156.82%-68.00%187.50%-178.26%-277.78%-533.82%78.89%
Change in YoY Net Profit Growth (%)0.00%223.33%-200.00%-930.00%1136.82%-224.82%255.50%-365.76%-99.52%-256.05%612.71%

Growth

Compounded Sales Growth
10 Years:-26%
5 Years:-31%
3 Years:-40%
TTM:53%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:9%
TTM:47%
Stock Price CAGR
10 Years:13%
5 Years:27%
3 Years:71%
1 Year:635%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: May 30, 2024, 6:29 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital10101010101010101010101010
Reserves341347354320277290290308289220-211-302-322
Preference Capital000000000000
Borrowings40952459470932067174190291374408411396
Other Liabilities306286239231193180169206146135172232261
Total Liabilities1,0671,1671,1971,269800547643714737739380350345
Fixed Assets271277304300196143137128167120119106102
CWIP467243462221272000
Investments000015184142835111
Other Assets749818849923587384500561534582260243242
Total Assets1,0671,1671,1971,269800547643714737739380350345

Reserves and Borrowings Chart

TIL Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 18-2227771-45-8326-46-61-276
Cash from Investing Activity -138-46-24-39-543251-24-175779
Cash from Financing Activity 13050-626-45-27585-126447-50-14
Net Cash Flow9-17-3-6-2853-101-910

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow79.0086.00113.00152.00-6.0027.0038.0052.00-64.00-31.00-122.00-55.00

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 Days72757216090129154204278144251199
Inventory Days1411371402963574503502963591,9341,6641,017
Days Payable5567491621521491521491201,0951,4851,046
Cash Conversion Cycle158146163295295430351352517983430169
Working Capital Days147129151383124254220303448234-305-43
ROCE %8%10%12%1%35%8%10%1%-6%-31%-35%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Jan 2024
Promoters56.30%56.30%56.30%56.30%56.30%56.29%56.29%56.29%56.29%56.29%56.29%74.99%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.05%0.05%0.03%0.00%0.00%0.00%
DIIs12.61%12.59%12.59%12.32%12.30%12.19%11.77%8.96%7.92%5.93%5.76%3.30%
Public31.10%31.11%31.11%31.38%31.40%31.50%31.88%34.70%35.74%37.78%37.95%21.70%
No. of Shareholders9,91410,1279,99610,48210,39310,2998,8798,5798,5207,3366,9446,924

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)222.27-90.75-429.87-68.27-18.44
Diluted EPS (Rs.)222.27-90.75-429.87-68.27-18.44
Cash EPS (Rs.)148.89-81.82-419.96-56.44-5.26
Book Value[Excl.RevalReserv]/Share (Rs.)18.02-291.49-200.38229.21298.25
Book Value[Incl.RevalReserv]/Share (Rs.)18.02-291.49-200.38229.21298.25
Revenue From Operations / Share (Rs.)38.1743.7066.04312.29375.90
PBDIT / Share (Rs.)-42.17-49.38-112.14-27.0511.41
PBIT / Share (Rs.)-46.22-58.31-122.06-38.88-1.76
PBT / Share (Rs.)111.61-94.44-416.91-71.20-33.53
Net Profit / Share (Rs.)144.84-90.75-429.88-68.28-18.44
NP After MI And SOA / Share (Rs.)144.84-90.75-429.88-68.28-18.44
PBDIT Margin (%)-110.49-113.00-169.80-8.663.03
PBIT Margin (%)-121.10-133.42-184.82-12.45-0.46
PBT Margin (%)292.40-216.10-631.28-22.79-8.91
Net Profit Margin (%)379.46-207.66-650.92-21.86-4.90
NP After MI And SOA Margin (%)379.46-207.66-650.92-21.86-4.90
Return on Networth / Equity (%)803.730.000.00-29.78-6.18
Return on Capital Employeed (%)-56.7346.351287.38-10.95-0.52
Return On Assets (%)61.38-25.98-113.53-9.27-2.51
Long Term Debt / Equity (X)2.81-0.51-0.880.510.10
Total Debt / Equity (X)4.98-1.37-1.981.560.94
Asset Turnover Ratio (%)0.170.120.110.430.53
Current Ratio (X)0.750.410.551.451.19
Quick Ratio (X)0.280.110.130.880.60
Inventory Turnover Ratio (X)0.330.070.110.500.68
Dividend Payout Ratio (NP) (%)0.000.000.000.00-9.51
Dividend Payout Ratio (CP) (%)0.000.000.000.00-33.33
Earning Retention Ratio (%)0.000.000.000.00109.51
Cash Earning Retention Ratio (%)0.000.000.000.00133.33
Interest Coverage Ratio (X)-2.86-1.37-3.11-0.780.35
Interest Coverage Ratio (Post Tax) (X)-0.88-1.51-3.74-1.040.41
Enterprise Value (Cr.)441.42545.77495.94503.35370.00
EV / Net Operating Revenue (X)6.6012.457.491.610.98
EV / EBITDA (X)-5.97-11.02-4.41-18.5532.31
MarketCap / Net Operating Revenue (X)4.403.351.540.480.26
Retention Ratios (%)0.000.000.000.00109.51
Price / BV (X)9.32-0.50-0.500.650.33
Price / Net Operating Revenue (X)4.403.351.540.480.26
EarningsYield0.86-0.61-4.22-0.45-0.18

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 10.88

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.

Overvalued: 95.80% compared to the current price 259

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Intrinsic Value: 20.14

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.

Overvalued: 92.23% compared to the current price ₹259

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Last 5 Year EPS CAGR: 85.10%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (169.31 cr) compared to borrowings (0.00 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of 1.08%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 170.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 357.42, which may not be favorable.
  4. The company has not shown consistent growth in sales (173.69) and profit (-35.62).

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 TIL Ltd:
    1. Net Profit Margin: 379.46%
      • 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: -56.73% (Industry Average ROCE: 10.62%)
      • 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%: 803.73% (Industry Average ROE: 8.41%)
      • 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): -0.88
      • 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: 0.28
      • 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: (Industry average Stock P/E: 35.58)
      • 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: 4.98
      • 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

TIL Ltd. is a Public Limited Listed company incorporated on 10/05/1974 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L74999WB1974PLC041725 and registration number is 041725. Currently company belongs to the Industry of Trading. Company’s Total Operating Revenue is Rs. 64.99 Cr. and Equity Capital is Rs. 10.03 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto - Construction Vehicles1, Taratolla Road, Garden Reach, Kolkata West Bengal 700024secretarial.department@tilindia.com
http://www.tilindia.in
Management
NamePosition Held
Mr. Sumit MazumderChairman & Managing Director
Mrs. Manju MazumderNon Executive Director
Mr. Subir BhattacharyyaInd. Non-Executive Director
Mr. Tulsi Das BanerjeeInd. Non-Executive Director
Mr. Shamik DasguptaInd. Non-Executive Director
Mr. Debasis BhattacharyaInd. Non-Executive Director

FAQ

What is the latest fair value of TIL Ltd?

The latest fair value of TIL Ltd is ₹10.88.

What is the Market Cap of TIL Ltd?

The Market Cap of TIL Ltd is 1,723 Cr..

What is the current Stock Price of TIL Ltd as on 13 June 2024?

The current stock price of TIL Ltd as on 13 June 2024 is ₹259.

What is the High / Low of TIL Ltd stocks in FY 2024?

In FY 2024, the High / Low of TIL Ltd stocks is 270/28.4.

What is the Stock P/E of TIL Ltd?

The Stock P/E of TIL Ltd is .

What is the Book Value of TIL Ltd?

The Book Value of TIL Ltd is 4.74.

What is the Dividend Yield of TIL Ltd?

The Dividend Yield of TIL Ltd is 0.00 %.

What is the ROCE of TIL Ltd?

The ROCE of TIL Ltd is 50.4 %.

What is the ROE of TIL Ltd?

The ROE of TIL Ltd is %.

What is the Face Value of TIL Ltd?

The Face Value of TIL Ltd is 10.0.

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 TIL 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