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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Tourism Finance Corporation of India Ltd

Basic Stock Data

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

Market Cap 1,646 Cr.
Current Price 178
High / Low268/72.8
Stock P/E18.1
Book Value 121
Dividend Yield1.28 %
ROCE10.5 %
ROE8.65 %
Face Value 10.0
PEG Ratio227.52

Competitors of Tourism Finance Corporation of India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
IFCI Ltd 16,933 Cr. 64.871.8/11.4164 20.60.00 %10.2 %2.49 % 10.0
Power Finance Corporation Ltd (PFC) 1,68,322 Cr. 510560/1578.52 3062.16 %9.85 %21.3 % 10.0
Industry Average92,627.50 Cr287.4086.26163.301.08%10.03%11.90%10.00

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Revenue60666662616358516059586758
Interest32323229272622212123262626
Expenses57675513577857
Financing Profit22272826293222253230243625
Financing Margin %38%41%42%42%48%51%38%49%53%50%42%54%43%
Other Income0000000000000
Depreciation0000000000000
Profit before tax22262726293122243229243625
Tax %18%20%21%22%21%21%9%25%22%17%21%24%17%
Net Profit18212220222520182524192820
EPS in Rs2.252.632.682.222.482.762.182.032.752.702.073.052.26
Gross NPA %3.51%4.37%0.89%3.76%0.74%4.58%3.92%5.35%3.76%2.17%2.75%
Net NPA %2.84%3.45%0.64%2.85%0.37%3.56%2.95%4.16%2.82%1.38%1.51%

Last Updated: June 9, 2024, 3:12 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
Revenue180184186185208224230266258254231242
Interest89818590919610412113012091100
Expenses202020194320184727253027
Financing Profit728381757410710898101109111115
Financing Margin %40%45%43%41%35%48%47%37%39%43%48%47%
Other Income2321240600000
Depreciation221111011121
Profit before tax728482769710711497100108109114
Tax %23%30%26%29%27%28%24%17%19%21%20%20%
Net Profit565860547077868181858891
EPS in Rs6.887.257.466.648.739.6010.6910.0410.009.449.7310.08
Dividend Payout %17%17%24%27%23%21%21%0%8%13%25%25%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)3.57%3.45%-10.00%29.63%10.00%11.69%-5.81%0.00%4.94%3.53%3.41%
Change in YoY Net Profit Growth (%)0.00%-0.12%-13.45%39.63%-19.63%1.69%-17.50%5.81%4.94%-1.41%-0.12%

Growth

Compounded Sales Growth
10 Years:3%
5 Years:1%
3 Years:-2%
TTM:4%
Compounded Profit Growth
10 Years:5%
5 Years:1%
3 Years:4%
TTM:4%
Stock Price CAGR
10 Years:17%
5 Years:10%
3 Years:32%
1 Year:143%
Return on Equity
10 Years:10%
5 Years:10%
3 Years:9%
Last Year:9%

Last Updated: June 16, 2024, 4:50 pm

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

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

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-891.00-842.00-936.00-977.0042.0019.0017.0046.0026.0024.00-969.00-951.00

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
ROE %14%14%14%13%11%10%13%12%11%10%10%9%

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

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

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

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 191.87

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: 7.79% compared to the current price 178

Intrinsic Value: 192.02

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.

Undervalued: 7.88% compared to the current price ₹178

Last 5 Year EPS CAGR: 0.08%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

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 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: %)
      • 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%: 9.10% (Industry Average ROE: %)
      • 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): 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.
    5. 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.
    6. ✗ Stock P/E: 18.1 (Industry average Stock P/E: )
      • 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: 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 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 Tourism Finance Corporation of India Ltd?

The latest fair value of Tourism Finance Corporation of India Ltd is ₹191.87.

What is the Market Cap of Tourism Finance Corporation of India Ltd?

The Market Cap of Tourism Finance Corporation of India Ltd is 1,646 Cr..

What is the current Stock Price of Tourism Finance Corporation of India Ltd as on 19 June 2024?

The current stock price of Tourism Finance Corporation of India Ltd as on 19 June 2024 is ₹178.

What is the High / Low of Tourism Finance Corporation of India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Tourism Finance Corporation of India Ltd stocks is 268/72.8.

What is the Stock P/E of Tourism Finance Corporation of India Ltd?

The Stock P/E of Tourism Finance Corporation of India Ltd is 18.1.

What is the Book Value of Tourism Finance Corporation of India Ltd?

The Book Value of Tourism Finance Corporation of India Ltd is 121.

What is the Dividend Yield of Tourism Finance Corporation of India Ltd?

The Dividend Yield of Tourism Finance Corporation of India Ltd is 1.28 %.

What is the ROCE of Tourism Finance Corporation of India Ltd?

The ROCE of Tourism Finance Corporation of India Ltd is 10.5 %.

What is the ROE of Tourism Finance Corporation of India Ltd?

The ROE of Tourism Finance Corporation of India Ltd is 8.65 %.

What is the Face Value of Tourism Finance Corporation of India Ltd?

The Face Value of Tourism Finance Corporation of India 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 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