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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 507205 | NSE: TI

Fundamental Analysis of Tilaknagar Industries Ltd

Basic Stock Data

Last Updated: June 19, 2024, 2:20 pm

Market Cap 5,177 Cr.
Current Price 268
High / Low291/140
Stock P/E36.7
Book Value 33.9
Dividend Yield0.09 %
ROCE22.3 %
ROE25.0 %
Face Value 10.0
PEG Ratio-1.85

Competitors of Tilaknagar Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
United Breweries Ltd 56,576 Cr. 2,1402,174/1,464138 1580.47 %13.5 %10.1 % 1.00
Aurangabad Distillery Ltd 226 Cr. 275369/15410.8 1070.00 %29.7 %31.5 % 10.0
Radico Khaitan Ltd 23,807 Cr. 1,7801,885/1,14193.0 1780.17 %13.2 %11.3 % 2.00
Som Distilleries & Breweries Ltd 2,415 Cr. 125156/84.527.9 29.00.08 %19.4 %18.5 % 2.00
United Spirits Ltd 94,875 Cr. 1,3051,314/86666.8 97.90.69 %28.7 %21.7 % 2.00
Industry Average35,579.80 Cr1,125.0067.30113.980.28%20.90%18.62%3.40

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales192135201206241230274303357304354377359
Expenses182112171173215208243262314266307325311
Operating Profit10233132262231414338475148
OPM %5%17%15%16%11%9%11%13%12%13%13%14%13%
Other Income701121115231168-4
Interest19151616161310986885
Depreciation8888888888888
Profit before tax-9081023114765926374431
Tax %2%0%-45%-5%0%0%0%0%-0%0%0%0%0%
Net Profit-90111023114765926374431
EPS in Rs-0.720.030.810.661.470.070.844.173.191.341.932.281.63

Last Updated: June 9, 2024, 7:04 am

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
Sales7528247484585155786616535497831,1641,394
Expenses5826546535806095756057054956711,0271,209
Operating Profit17117095-122-94356-5254112137185
OPM %23%21%13%-27%-18%1%8%-8%10%14%12%13%
Other Income2423233548511248511
Interest64649712515715218412971624027
Depreciation242528393837373333333232
Profit before tax8585-28-283-288-153-160271-3941150138
Tax %29%31%-44%0%3%1%0%1%0%-10%-0%0%
Net Profit6158-40-282-280-151-160270-3845150138
EPS in Rs4.974.71-3.22-22.58-22.41-12.11-12.7521.56-3.062.858.097.16
Dividend Payout %16%17%-2%0%0%0%0%0%0%4%3%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-4.92%-168.97%-605.00%0.71%46.07%-5.96%268.75%-114.07%218.42%233.33%-8.00%
Change in YoY Net Profit Growth (%)0.00%-164.05%-436.03%605.71%45.36%-52.03%274.71%-382.82%332.50%14.91%-241.33%

Growth

Compounded Sales Growth
10 Years:5%
5 Years:16%
3 Years:36%
TTM:20%
Compounded Profit Growth
10 Years:9%
5 Years:23%
3 Years:78%
TTM:98%
Stock Price CAGR
10 Years:15%
5 Years:71%
3 Years:86%
1 Year:43%
Return on Equity
10 Years:%
5 Years:%
3 Years:27%
Last Year:25%

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 Capital120122124125125125125125125125159185192
Reserves355409459417131-104-255-412-143-181-37289378
Borrowings4826628328258851,0721,0311,111579702585256190
Other Liabilities203226250349387258383457519365307282276
Total Liabilities1,1601,4191,6651,7161,5281,3501,2841,2811,0801,0121,0131,0121,035
Fixed Assets446441461608579542587552502469439420410
CWIP9414523412312412411311410010010000
Investments022300030002320
Other Assets619831968982824685583612478443474569605
Total Assets1,1601,4191,6651,7161,5281,3501,2841,2811,0801,0121,0131,0121,035

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 6156213132617591191856571121
Cash from Investing Activity -73-123-85-3-2-8-35-0-26-12-16
Cash from Financing Activity 1955-113-27-28-105-104-208-78-41-67-129
Net Cash Flow7-1215-17-562-17-138-2-8-24

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-491.00-662.00-730.00-1,007.00-95.002.0055.00-631.00-648.00-473.00-119.0064.00

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 Days8598997291106109133136120110106
Inventory Days639140124237134194206252115200144152
Days Payable43710468289218365418502298412340169
Cash Conversion Cycle286134154217-65-103-117-46-91-8689
Working Capital Days29327026729134796-97-10016155388
ROCE %14%14%11%5%-13%-11%-0%3%-8%5%13%16%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters54.67%49.21%48.88%44.24%44.89%44.86%42.92%41.95%41.15%42.02%41.97%40.26%
FIIs0.00%0.00%0.04%0.14%0.19%0.16%1.91%10.38%10.90%10.57%11.33%11.57%
DIIs0.01%0.01%0.01%0.01%0.00%0.01%0.01%0.01%0.01%0.01%0.02%0.18%
Public45.32%50.78%51.07%55.61%54.91%54.97%55.16%47.68%47.95%47.39%46.69%47.99%
No. of Shareholders24,24334,02434,30732,08032,89033,46633,08133,49034,00739,88852,30584,940

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Samco Active Momentum Fund171,2200.824.13108,3842024-06-1757.98%
Motilal Oswal Nifty Microcap 250 Index Fund108,3840.422.61108,3842024-06-170%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)7.238.793.15-3.0721.56
Diluted EPS (Rs.)7.168.563.08-3.0721.49
Cash EPS (Rs.)8.819.834.91-0.4224.19
Book Value[Excl.RevalReserv]/Share (Rs.)33.9326.068.42-4.44-1.39
Book Value[Incl.RevalReserv]/Share (Rs.)33.9326.068.42-4.44-1.39
Revenue From Operations / Share (Rs.)72.3362.8249.3943.7552.17
PBDIT / Share (Rs.)10.367.817.735.22-1.76
PBIT / Share (Rs.)8.706.065.662.58-4.39
PBT / Share (Rs.)7.168.092.60-3.0821.68
Net Profit / Share (Rs.)7.168.092.85-3.0621.56
NP After MI And SOA / Share (Rs.)7.168.092.85-3.0621.56
PBDIT Margin (%)14.3112.4215.6411.93-3.36
PBIT Margin (%)12.039.6411.465.90-8.42
PBT Margin (%)9.9012.875.25-7.0341.55
Net Profit Margin (%)9.9012.875.76-6.9941.31
NP After MI And SOA Margin (%)9.9012.875.76-6.9941.31
Return on Networth / Equity (%)21.1031.0433.840.00-1552.58
Return on Capital Employeed (%)21.5519.4515.655.22-7.58
Return On Assets (%)13.3514.814.45-3.7924.97
Long Term Debt / Equity (X)0.090.042.85-8.24-28.20
Total Debt / Equity (X)0.180.524.38-9.24-31.10
Asset Turnover Ratio (%)1.361.150.770.520.56
Current Ratio (X)2.301.270.950.861.05
Quick Ratio (X)1.911.000.790.680.88
Inventory Turnover Ratio (X)6.386.725.244.414.08
Dividend Payout Ratio (NP) (%)0.001.100.000.000.00
Dividend Payout Ratio (CP) (%)0.000.900.000.000.00
Earning Retention Ratio (%)0.0098.900.000.000.00
Cash Earning Retention Ratio (%)0.0099.100.000.000.00
Interest Coverage Ratio (X)7.463.601.980.92-0.17
Interest Coverage Ratio (Post Tax) (X)6.272.801.520.45-0.43
Enterprise Value (Cr.)4130.572294.941568.39836.06688.94
EV / Net Operating Revenue (X)2.961.972.001.521.06
EV / EBITDA (X)20.7015.8612.7912.76-31.32
MarketCap / Net Operating Revenue (X)2.911.791.350.670.28
Retention Ratios (%)0.0098.890.000.000.00
Price / BV (X)6.204.327.89-6.63-10.84
Price / Net Operating Revenue (X)2.911.791.350.670.28
EarningsYield0.030.070.04-0.101.43

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 311.31

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: 16.16% compared to the current price 268

Intrinsic Value: 249.72

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: 6.82% compared to the current price ₹268

Last 5 Year EPS CAGR: -19.79%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
    1. The stock has a low average ROCE of 4.08%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 128.25, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 15.25, which may not be favorable.
    4. The company has higher borrowings (721.75) compared to reserves (86.17), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (543.58) and profit (-15.08).

    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 Tilaknagar Industries Ltd:
      1. Net Profit Margin: 9.90%
        • 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: 21.55% (Industry Average ROCE: 19.42%)
        • 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%: 21.10% (Industry Average ROE: 17.32%)
        • 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): 6.27
        • 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: 1.91
        • 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: 36.7 (Industry average Stock P/E: 71.98)
        • 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: 0.18
        • 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

    No data availabale for About the Company
    INDUSTRYADDRESSCONTACT
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    Management Data not Available

    FAQ

    What is the latest fair value of Tilaknagar Industries Ltd?

    The latest fair value of Tilaknagar Industries Ltd is ₹311.31.

    What is the Market Cap of Tilaknagar Industries Ltd?

    The Market Cap of Tilaknagar Industries Ltd is 5,177 Cr..

    What is the current Stock Price of Tilaknagar Industries Ltd as on 19 June 2024?

    The current stock price of Tilaknagar Industries Ltd as on 19 June 2024 is ₹268.

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

    In FY 2024, the High / Low of Tilaknagar Industries Ltd stocks is 291/140.

    What is the Stock P/E of Tilaknagar Industries Ltd?

    The Stock P/E of Tilaknagar Industries Ltd is 36.7.

    What is the Book Value of Tilaknagar Industries Ltd?

    The Book Value of Tilaknagar Industries Ltd is 33.9.

    What is the Dividend Yield of Tilaknagar Industries Ltd?

    The Dividend Yield of Tilaknagar Industries Ltd is 0.09 %.

    What is the ROCE of Tilaknagar Industries Ltd?

    The ROCE of Tilaknagar Industries Ltd is 22.3 %.

    What is the ROE of Tilaknagar Industries Ltd?

    The ROE of Tilaknagar Industries Ltd is 25.0 %.

    What is the Face Value of Tilaknagar Industries Ltd?

    The Face Value of Tilaknagar Industries 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 Tilaknagar Industries 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