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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Tourism Finance Corporation of India Ltd

About the Company - Tourism Finance Corporation of India Ltd

Tourism Finance Corporation of India Ltd. is a Public Limited Listed company incorporated on 27/01/1989 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L65910DL1989PLC034812 and registration number is 034812. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company’s Total Operating Revenue is Rs. 254.19 Cr. and Equity Capital is Rs. 90.37 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance - Term Lending Institutions4th Floor,Tower-1, NBCC Plaza, New Delhi Delhi 110017ho@tfciltd.com
http://www.tfciltd.com
Management
NamePosition Held
Dr. S RaviNon Executive Chairman
Mr. Koppara Sajeeve ThomasNon Executive Director
Mr. Ravinder Kumar SoodNon Executive Director
Mr. Ashok Kumar GargIndependent Director
Mr. Bapi MunshiIndependent Director
Mrs. Thankom T MathewIndependent Director
Mr. G D MundraNon Executive Director
Mr. Anoop BaliWholeTime Director & CFO

Tourism Finance Corporation of India Ltd. Share Price Update

Share PriceValue
Today₹209.00
Previous Day₹206.45

Basic Stock Data of Tourism Finance Corporation of India Ltd

Market Cap 2,088 Cr.
Current Price 231
High / Low247/66.8
Stock P/E21.8
Book Value 105
Dividend Yield1.04 %
ROCE9.46 %
ROE8.99 %
Face Value 10.0

Data Source: screener.in

Competitors of Tourism Finance Corporation of India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Power Finance Corporation Ltd (PFC) 1,35,486 Cr. 411478/1127.17 2832.59 %9.08 %20.4 % 10.0
IFCI Ltd 11,943 Cr. 48.071.8/9.00 15.10.00 %5.38 %3.78 % 10.0
Industry Average6 Cr229.53.59149.051.3%7.23%12.09%10

Tourism Finance Corporation of India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Revenue65716066666261635851605958
Interest32323232322927262221212326
Expenses510576755135778
Financing Profit27292227282629322225323024
Financing Margin %42%41%38%41%42%42%48%51%38%49%53%50%42%
Other Income0000000000000
Depreciation0000000000000
Profit before tax27292226272629312224322924
Tax %19%18%18%20%21%22%21%21%9%25%22%17%21%
Net Profit22241821222022252018252419
EPS in Rs2.722.982.252.632.682.222.482.762.182.032.752.702.07
Gross NPA %0.87%3.51%4.37%0.89%3.76%0.74%4.58%3.92%5.35%
Net NPA %0.63%2.84%3.45%0.64%2.85%0.37%3.56%2.95%4.16%

Tourism Finance Corporation of India Ltd Quarterly Chart

Tourism Finance Corporation of India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Revenue129180184186185208224230266258254231228
Interest598981859091961041211301209191
Expenses6202020194320184727253026
Financing Profit64728381757410710898101109111110
Financing Margin %49%40%45%43%41%35%48%47%37%39%43%48%48%
Other Income12321240600000
Depreciation2221111011121
Profit before tax63728482769710711497100108109109
Tax %22%23%30%26%29%27%28%24%17%19%21%20%
Net Profit49565860547077868181858886
EPS in Rs6.136.887.257.466.648.739.6010.6910.0410.009.449.739.55
Dividend Payout %20%17%17%24%27%23%21%21%0%8%13%25%

Tourism Finance Corporation of India 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 (%)14.29%3.57%3.45%-10.00%29.63%10.00%11.69%-5.81%0.00%4.94%3.53%
Change in YoY Net Profit Growth (%)0.00%-10.71%-0.12%-13.45%39.63%-19.63%1.69%-17.50%5.81%4.94%-1.41%

Tourism Finance Corporation of India Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:1%
3 Years:-4%
TTM:5%
Compounded Profit Growth
10 Years:5%
5 Years:3%
3 Years:3%
TTM:12%
Stock Price CAGR
10 Years:25%
5 Years:8%
3 Years:54%
1 Year:187%
Return on Equity
10 Years:11%
5 Years:10%
3 Years:10%
Last Year:9%

Tourism Finance Corporation of India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital81818181818181818181909090
Reserves297339356398433474597656673711847927859
Borrowings7909118629569961,0501,3041,3241,4471,3601,2729991,044
Other Liabilities29616465809635304334352935
Total Liabilities1,1961,3921,3621,5011,5901,7002,0172,0912,2442,1852,2452,0452,028
Fixed Assets28323030292015141816171515
CWIP0000000000000
Investments99181138190255248301318219159165338492
Other Assets1,0701,1791,1931,2811,3071,4321,7011,7582,0082,0102,0621,6921,521
Total Assets1,1961,3921,3621,5011,5901,7002,0172,0912,2442,1852,2452,0452,028

Tourism Finance Corporation of India Ltd Reserves and Borrowings Chart

Tourism Finance Corporation of India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 302191522-7135-54161-171139-137
Cash from Investing Activity -0-6-0-0-031-0-0-1-0-2-0
Cash from Financing Activity -12-13-11-21-19-19-20-20-22-157-12
Net Cash Flow17-177-636115-74139-172193-149

Tourism Finance Corporation of India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROE %14%14%14%13%11%10%13%12%11%10%10%9%

Tourism Finance Corporation of India Ltd Financial Efficiency Indicators Chart

Tourism Finance Corporation of India Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters27.25%27.25%27.25%28.43%28.43%28.43%16.83%17.94%17.96%17.96%17.96%17.67%
FIIs16.42%16.20%16.16%14.14%14.47%14.57%16.85%16.72%16.78%16.29%13.01%13.88%
DIIs0.01%0.01%0.03%0.01%0.00%0.01%0.01%0.00%0.00%0.00%0.00%0.00%
Government0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public56.33%56.55%56.56%57.42%57.09%56.99%66.30%65.32%65.24%65.73%69.02%68.44%
No. of Shareholders59,05261,94766,40065,17963,66961,72861,20758,07357,31856,95460,67158,817

Tourism Finance Corporation of India Ltd Shareholding Pattern Chart

No. of Tourism Finance Corporation of India Ltd Shareholders

This stock is not held by any mutual fund

Tourism Finance Corporation of India Ltd ROCE Trend

Tourism Finance Corporation of India Ltd EPS Trend

Tourism Finance Corporation of India Ltd Key Financial Ratios

MonthMar 22Mar 21Mar 20
FaceValue10.0010.0010.00
Basic EPS (Rs.)10.0110.0010.04
Diluted EPS (Rs.)10.0110.0010.04
Cash EPS (Rs.)9.6010.2813.09
Book Value[Excl.RevalReserv]/Share (Rs.)103.6798.0793.35
Book Value[Incl.RevalReserv]/Share (Rs.)103.6798.0793.35
Revenue From Operations / Share (Rs.)28.1332.0232.55
PBDIT / Share (Rs.)25.3828.6327.11
PBIT / Share (Rs.)25.2228.4927.03
PBT / Share (Rs.)11.9412.3712.07
Net Profit / Share (Rs.)9.4410.0010.04
NP After MI And SOA / Share (Rs.)9.4410.0010.04
PBDIT Margin (%)90.2589.4183.27
PBIT Margin (%)89.6788.9683.03
PBT Margin (%)42.4438.6237.08
Net Profit Margin (%)33.5631.2230.83
NP After MI And SOA Margin (%)33.5631.2230.83
Return on Networth / Equity (%)9.1010.1910.75
Return on Capital Employeed (%)14.5314.5113.67
Return On Assets (%)3.803.693.61
Long Term Debt / Equity (X)0.670.991.11
Total Debt / Equity (X)1.361.721.92
Asset Turnover Ratio (%)0.110.110.00
Current Ratio (X)3.253.573.39
Quick Ratio (X)3.253.573.39
Dividend Payout Ratio (NP) (%)7.560.0026.42
Dividend Payout Ratio (CP) (%)7.440.0020.26
Earning Retention Ratio (%)92.440.0073.58
Cash Earning Retention Ratio (%)92.560.0079.74
Interest Coverage Ratio (X)1.911.781.81
Interest Coverage Ratio (Post Tax) (X)1.711.621.67
Enterprise Value (Cr.)1603.451837.831530.73
EV / Net Operating Revenue (X)6.317.115.83
EV / EBITDA (X)6.997.957.00
MarketCap / Net Operating Revenue (X)2.131.921.04
Retention Ratios (%)92.430.0073.57
Price / BV (X)0.570.620.36
Price / Net Operating Revenue (X)2.131.921.04
EarningsYield0.150.160.29

Tourism Finance Corporation of India Ltd Profitability Ratios (%)

Tourism Finance Corporation of India Ltd Liquidity Ratios

Tourism Finance Corporation of India Ltd Liquidity Ratios (%)

Tourism Finance Corporation of India Ltd Interest Coverage Ratios (X)

Tourism Finance Corporation of India Ltd Valuation Ratios

Fair Value / Intrinsic Value of Tourism Finance Corporation of India Ltd

Fair Value: ₹207.92

The stock is overvalued by 9.99% compared to the current price ₹231

*Investments are subject to market risks

Strength and Weakness of Tourism Finance Corporation of India Ltd

Unable to fetch valid data for stock valuation.

Should I Buy Tourism Finance Corporation of India Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Tourism Finance Corporation of India Ltd:
    1. Net Profit Margin: 33.56%
      • 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: 14.53% (Industry Average ROCE: 7.23%)
      • 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): 1.71
      • 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: 3.25
      • 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: 18.9 (Industry average Stock P/E: 3.8)
      • 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: 1.36
      • 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 Tourism Finance Corporation of India 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