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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Times Guaranty Ltd

About the Company - Times Guaranty Ltd

Times Guaranty Ltd. is a Public Limited Listed company incorporated on 27/11/1989 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L65920MH1989PLC054398 and registration number is 054398. Currently Company is involved in the business activities of Trusts, funds and other financial vehicles. Company’s Total Operating Revenue is Rs. 2.72 Cr. and Equity Capital is Rs. 9.00 Cr. for the Year ended 31/03/2022.
Finance & Investments5th Floor, Times Tower, Kamala Mills Compound, Mumbai Maharashtra
NamePosition Held
Mr. Sivakumar SundaramChairman
Dr. Arun AroraDirector
Ms. Mitu Samarnath JhaDirector
Ms. Anita MalusareDirector
Mr. G RamaswamyDirector
Mr. Jayaprakash NairDirector

Times Guaranty Ltd. Share Price Update

Share PriceValue
Previous Day₹117.00

Basic Stock Data of Times Guaranty Ltd

Market Cap 102 Cr.
Current Price 114
High / Low166/41.2
Stock P/E57.8
Book Value 49.6
Dividend Yield0.00 %
ROCE2.50 %
ROE2.18 %
Face Value 10.0

Data Source:

Competitors of Times Guaranty Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
VLS Finance Ltd 1,016 Cr. 292322/1414.29 8300.50 %2.13 %2.05 % 10.0
SBI Cards & Payment Services Ltd 69,312 Cr. 729933/69929.7 1160.34 %13.0 %25.7 % 10.0
Rane Holdings Ltd 1,620 Cr. 1,1341,385/79212.5 5921.52 %11.1 %8.79 % 10.0
Vardhman Holdings Ltd 1,022 Cr. 3,2053,788/2,4115.11 10,0600.16 %7.66 %7.77 % 10.0
Steel City Securities Ltd 124 Cr. 82.294.7/58.013.1 75.93.62 %14.3 %10.4 % 10.0
Industry Average14,618.80 Cr1,088.4412.942,334.781.23%9.64%10.94%10.00

Times Guaranty Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Operating Profit0.755.700.84-0.120.600.700.39-0.220.560.330.610.510.68
OPM %87.21%94.37%90.32%-27.91%81.08%70.00%72.22%-66.67%80.00%42.86%76.25%63.75%83.95%
Other Income0.
Profit before tax0.755.640.84-0.120.600.690.39-0.220.580.320.610.520.68
Tax %13.33%20.74%20.24%-16.67%13.33%26.09%20.51%9.09%18.97%-9.38%19.67%19.23%27.94%
Net Profit0.654.470.67-0.140.520.510.31-0.200.470.360.500.420.49
EPS in Rs0.724.970.75-0.160.580.570.34-0.220.520.400.560.470.54

Times Guaranty Ltd Quarterly Chart

Agarwal Fortune India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit0.892.131.350.19-
OPM %77.39%89.50%81.82%33.33%-208.33%92.10%57.66%80.68%72.03%92.79%74.63%54.08%66.98%
Other Income0.
Profit before tax0.932.131.330.20-
Tax %0.00%8.92%10.53%5.00%0.00%20.86%25.00%31.09%22.22%18.51%21.89%13.08%
Net Profit0.931.941.190.19-
EPS in Rs1.032.161.320.21-0.284.510.531.821.487.281.751.051.97
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Times Guaranty Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
YoY Net Profit Growth (%)108.60%-38.66%-84.03%-231.58%1724.00%-88.18%241.67%-18.90%392.48%-76.03%-40.13%
Change in YoY Net Profit Growth (%)0.00%-147.26%-45.37%-147.55%1955.58%-1812.18%329.84%-260.57%411.38%-468.51%35.90%

Times Guaranty Ltd Growth

Compounded Sales Growth
10 Years:-2%
5 Years:12%
3 Years:-6%
Compounded Profit Growth
10 Years:-7%
5 Years:14%
3 Years:-11%
Stock Price CAGR
10 Years:20%
5 Years:30%
3 Years:64%
1 Year:153%
Return on Equity
10 Years:6%
5 Years:6%
3 Years:7%
Last Year:2%

Times Guaranty Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital9.
Other Liabilities0.710.740.770.840.881.
Total Liabilities21.6723.6324.8525.1024.8929.1129.5933.3434.7241.3842.7843.7144.64
Fixed Assets0.
Other Assets1.271.141.311.
Total Assets21.6723.6324.8525.1024.8929.1129.5933.3434.7241.3842.7843.7144.64

Times Guaranty Ltd Reserves and Borrowings Chart

Agarwal Fortune India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 0.920.000.05-0.02-0.214.48-0.93-0.53-10.56-5.453.808.64
Cash from Investing Activity -0.950.
Cash from Financing Activity
Net Cash Flow-

Times Guaranty Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days0.
Inventory Days
Days Payable
Cash Conversion Cycle0.
Working Capital Days-212.651.534.42-19.21-30.42-0.66-9.86121.251,784.79644.811,578.09443.21
ROCE %4.54%9.71%5.66%0.83%-1.04%19.70%2.26%7.70%5.04%21.46%4.84%2.50%

Times Guaranty Ltd Financial Efficiency Indicators Chart

Times Guaranty Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
No. of Shareholders20,33120,54620,55020,73221,40421,22421,33221,42721,21721,06121,15921,099

Times Guaranty Ltd Shareholding Pattern Chart

No. of Times Guaranty Ltd Shareholders

This stock is not held by any mutual fund

Times Guaranty Ltd ROCE Trend

Times Guaranty Ltd EPS Trend

Times Guaranty Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Basic EPS (Rs.)1.051.777.291.461.83
Diluted EPS (Rs.)1.051.777.291.461.83
Cash EPS (Rs.)1.041.747.281.461.83
Book Value[Excl.RevalReserv]/Share (Rs.)48.4947.4445.6738.4036.94
Book Value[Incl.RevalReserv]/Share (Rs.)48.4947.4445.6738.4036.94
Revenue From Operations / Share (Rs.)
PBDIT / Share (Rs.)
PBIT / Share (Rs.)
PBT / Share (Rs.)
Net Profit / Share (Rs.)1.041.747.281.461.83
PBDIT Margin (%)55.0174.0692.8771.8281.74
PBIT Margin (%)55.0174.0692.8771.8281.74
PBT Margin (%)54.7573.7692.0871.8281.74
Net Profit Margin (%)47.7757.5674.9955.7356.33
Return on Networth / Equity (%)2.143.6615.943.814.94
Return on Capital Employeed (%)2.474.7119.734.907.17
Return On Assets (%)2.143.6515.833.794.92
Asset Turnover Ratio (%)
Current Ratio (X)685.90563.19157.6888.7711.83
Quick Ratio (X)685.90563.19157.6888.7711.83
Interest Coverage Ratio (X)215.70251.76117.790.000.00
Interest Coverage Ratio (Post Tax) (X)188.30196.6696.110.000.00
Enterprise Value (Cr.)24.1749.4022.3513.1732.94
EV / Net Operating Revenue (X)12.3318.162.565.5711.29
EV / EBITDA (X)22.4124.522.757.7613.81
MarketCap / Net Operating Revenue (X)22.5918.292.645.7111.30
Price / BV (X)
Price / Net Operating Revenue (X)22.6018.292.645.7111.30

Times Guaranty Ltd Profitability Ratios (%)

Times Guaranty Ltd Liquidity Ratios

Times Guaranty Ltd Liquidity Ratios (%)

Times Guaranty Ltd Interest Coverage Ratios (X)

Times Guaranty Ltd Valuation Ratios

Fair Value / Intrinsic Value of Times Guaranty Ltd

Fair Value: ₹63.75

The stock is overvalued by 44.08% compared to the current price ₹114

*Investments are subject to market risks

Strength and Weakness of Times Guaranty Ltd

  1. The company has higher reserves (22.74 cr) compared to borrowings (0.00 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (2.65 cr) and profit (2.11 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 3.40 and average Dividend Yield of 74.83%.
  2. The stock has a low average ROCE of 6.93%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 78.70, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 19.58, which may not be favorable.

Should I Buy Agarwal Fortune India Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Times Guaranty Ltd:
    1. Net Profit Margin: 47.77%
      • 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: 2.47% (Industry Average ROCE: 14.99%)
      • 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): 188.30
      • 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: 685.90
      • 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: 58.3 (Industry average Stock P/E: 27.98)
      • 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.
    6. ✗ Total Debt / Equity: N/A
      • 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, 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 Times Guaranty 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 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