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Last Updated on: 22 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

TTK Healthcare Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:40 am

Market Cap 2,040 Cr.
Current Price 1,443
High / Low 1,923/1,232
Stock P/E31.5
Book Value 735
Dividend Yield0.69 %
ROCE8.67 %
ROE6.43 %
Face Value 10.0
PEG Ratio2.83

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gujarat Themis Biosyn Ltd 3,354 Cr. 308 390/12863.6 20.50.22 %45.0 %33.8 % 1.00
Gujarat Terce Laboratories Ltd 62.6 Cr. 84.4 94.9/26.624.0 11.90.00 %9.72 %3.44 % 10.0
Gujarat Inject (Kerala) Ltd 35.9 Cr. 24.5 24.5/8.7446.6 6.640.00 %2.65 %2.08 % 10.0
Godavari Drugs Ltd 86.7 Cr. 115 155/87.013.0 55.40.00 %14.4 %15.5 % 10.0
Glenmark Life Sciences Ltd 12,416 Cr. 1,013 1,335/64529.3 2072.22 %28.1 %21.1 % 2.00
Industry Average14,994.84N/A46.07N/AN/A16.0715.77N/A

All Competitor Stocks of

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales131150159159193170183180202186184181208
Expenses125148150154189166174165192176179169201
Operating Profit63854481510105127
OPM %5%2%5%3%2%2%5%8%5%5%3%7%3%
Other Income51510126061312121516161637
Interest0011311111011
Depreciation3333333333332
Profit before tax81414126041316232122182441
Tax %22%7%15%13%1%23%26%27%24%26%27%25%23%
Net Profit61312116011012171616131832
EPS in Rs4.259.078.617.52425.237.018.4911.9911.0911.339.1212.9322.35

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales382416483519528578628646476599725753759
Expenses362396453478489535578617457577694715724
Operating Profit20203040384350281922313734
OPM %5%5%6%8%7%7%8%4%4%4%4%5%5%
Other Income7676688928426436385
Interest3343353323533
Depreciation3367121515141313131312
Profit before tax2220263629303919324865784104
Tax %34%37%39%36%36%40%38%37%-44%13%3%25%
Net Profit141216231918241246426406379
EPS in Rs18.2815.9520.8129.1924.1312.8617.258.7232.8729.43452.7244.4755.73
Dividend Payout %22%25%22%17%21%39%29%34%18%34%2%22%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-14.29%33.33%43.75%-17.39%-5.26%33.33%-50.00%283.33%-8.70%1423.81%-90.16%
Change in YoY Net Profit Growth (%)0.00%47.62%10.42%-61.14%12.13%38.60%-83.33%333.33%-292.03%1432.51%-1513.97%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:4%
3 Years:17%
TTM:3%
Compounded Profit Growth
10 Years:18%
5 Years:21%
3 Years:16%
TTM:1%
Stock Price CAGR
10 Years:6%
5 Years:25%
3 Years:28%
1 Year:3%
Return on Equity
10 Years:27%
5 Years:32%
3 Years:38%
Last Year:6%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:40 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital888881414141414141414
Reserves90991101281502192372352813169399871,025
Borrowings22324238234729301922272331
Other Liabilities89102115128104127136152180207189177197
Total Liabilities2092402753032854074164314945591,1701,2011,267
Fixed Assets4354521069911098898580717574
CWIP02461012900315
Investments10010991391315131316
Other Assets1651841771851772883043253954631,0831,1121,171
Total Assets2092402753032854074164314945591,1701,2011,267

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +24133937182517209645-25-5
Cash from Investing Activity +-1-15-49-275-2210-13-77-303228
Cash from Financing Activity +-223-11-23-7-31-10-17-10-12-22
Net Cash Flow220-7-00-4-4-425-62

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-2.00-12.00-12.002.0015.00-4.0021.00-2.000.000.004.0014.00

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 Days343434332435474346334642
Inventory Days5264626665807710112310289105
Days Payable55565053100130101121170134116110
Cash Conversion Cycle31414646-11-162223-211936
Working Capital Days-8-12-14-22-9-11013-18-151762
ROCE %21%17%20%23%18%15%15%8%6%8%10%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters74.56%74.56%74.56%74.56%74.57%74.57%74.57%74.57%74.57%74.57%74.57%74.57%
FIIs2.32%2.35%2.40%2.34%2.37%2.32%2.38%2.40%1.85%1.85%1.85%1.87%
DIIs2.26%2.23%2.40%2.51%2.22%2.18%2.99%3.27%3.23%3.13%1.14%1.14%
Public20.86%20.85%20.64%20.59%20.84%20.95%20.07%19.76%20.37%20.46%22.45%22.44%
No. of Shareholders17,11516,41615,81715,22814,61714,99515,81816,10915,67216,65117,22116,930

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Axis ELSS Tax Saver Fund172,3860.0825.52172,3862024-12-160%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)44.47452.7229.4332.878.72
Diluted EPS (Rs.)44.47452.7229.4332.878.72
Cash EPS (Rs.)53.71461.7938.3442.0818.89
Book Value[Excl.RevalReserv]/Share (Rs.)705.23671.59230.16205.40173.09
Book Value[Incl.RevalReserv]/Share (Rs.)708.35674.71233.28208.52176.21
Dividend / Share (Rs.)10.0010.0010.006.003.00
Revenue From Operations / Share (Rs.)532.75513.16424.08336.91457.01
PBDIT / Share (Rs.)70.7256.3927.0120.7026.23
PBIT / Share (Rs.)61.4847.3318.1111.4916.06
PBT / Share (Rs.)59.5343.6217.5816.0113.75
Net Profit / Share (Rs.)44.47452.7229.4332.878.72
PBDIT Margin (%)13.2710.986.366.145.74
PBIT Margin (%)11.549.224.263.413.51
PBT Margin (%)11.178.504.144.753.00
Net Profit Margin (%)8.3488.226.949.751.90
Return on Networth / Equity (%)6.3067.4112.7816.005.03
Return on Capital Employeed (%)8.646.977.565.318.73
Return On Assets (%)5.2354.677.449.392.85
Total Debt / Equity (X)0.020.020.060.060.11
Asset Turnover Ratio (%)0.630.831.141.031.52
Current Ratio (X)5.505.062.031.991.74
Quick Ratio (X)5.014.661.681.611.32
Inventory Turnover Ratio (X)1.912.231.921.381.64
Dividend Payout Ratio (NP) (%)22.482.2020.389.1257.34
Dividend Payout Ratio (CP) (%)18.612.1615.657.1226.46
Earning Retention Ratio (%)77.5297.8079.6290.8842.66
Cash Earning Retention Ratio (%)81.3997.8484.3592.8873.54
Interest Coverage Ratio (X)36.2715.2111.7917.1011.34
Interest Coverage Ratio (Post Tax) (X)23.819.535.9517.774.77
Enterprise Value (Cr.)1342.13639.44918.42488.79358.06
EV / Net Operating Revenue (X)1.780.881.531.030.55
EV / EBITDA (X)13.438.0324.0616.719.66
MarketCap / Net Operating Revenue (X)2.782.011.961.470.71
Retention Ratios (%)77.5197.7979.6190.8742.65
Price / BV (X)2.101.543.602.411.89
Price / Net Operating Revenue (X)2.782.011.961.470.71
EarningsYield0.020.430.030.060.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 1,498.98

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.

As of December 22, 2024, is Undervalued by 3.88% compared to the current share price 1,443.00

Intrinsic Value of as of December 22, 2024 is: 1,665.92

Calculation basis:

  • Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 15.45% compared to the current share price 1,443.00

Last 5 Year EPS CAGR: 11.14%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 0.25, which is a positive sign.
  2. The company has higher reserves (370.46 cr) compared to borrowings (29.62 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (576.31 cr) and profit (88.15 cr) over the years.
  1. The stock has a low average ROCE of 14.17%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 19.67, which may not be favorable.
  • 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 :
    1. Net Profit Margin: 8.34%
      • 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: 8.64% (Industry Average ROCE: 16.07%)
      • 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%: 6.3% (Industry Average ROE: 15.77%)
      • 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): 23.81
      • 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: 5.01
      • 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: 31.5 (Industry average Stock P/E: 46.07)
      • 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: 0.02
      • 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 - Qualitative Analysis

TTK Healthcare Ltd. is a Public Limited Listed company incorporated on 21/05/1958 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L24231TN1958PLC003647 and registration number is 003647. Currently Company is involved in the business activities of Manufacture of other rubber products. Company’s Total Operating Revenue is Rs. 599.24 Cr. and Equity Capital is Rs. 14.13 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
PharmaceuticalsNo 6, Cathedral Road, Chennai (Madras) Tamil Nadu 600086info@ttkhealthcare.com
http://www.ttkhealthcare.com
Management
NamePosition Held
Mr. T T RaghunathanExecutive Chairman
Mr. S KalyanaramanWhole Time Director
Dr. T T MukundDirector
Mr. R K TulshanDirector
Mr. K ShankaranDirector
Dr.(Mrs.) Vandana R WalvekarIndependent Director
Mr. Girish RaoIndependent Director
Mr. S BalasubramanianIndependent Director
Mr. V RanganathanIndependent Director
Mr. N Ramesh RajanIndependent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹1498.98, which is 3.88% higher than the current market price of ₹1,443.00. The stock has a market capitalization of 2,040 Cr. and recorded a high/low of 1,923/1,232 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,025 Cr and total liabilities of ₹1,267 Cr.

What is the Market Cap of ?

The Market Cap of is 2,040 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 1,443.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 1,923/1,232.

What is the Stock P/E of ?

The Stock P/E of is 31.5.

What is the Book Value of ?

The Book Value of is 735.

What is the Dividend Yield of ?

The Dividend Yield of is 0.69 %.

What is the ROCE of ?

The ROCE of is 8.67 %.

What is the ROE of ?

The ROE of is 6.43 %.

What is the Face Value of ?

The Face Value of 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 . 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