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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of TTK Prestige Ltd

About the Company - TTK Prestige Ltd

TTK Prestige Ltd. is a Public Limited Listed company incorporated on 22/10/1955 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L85110TZ1955PLC015049 and registration number is 015049. Currently Company is involved in the business activities of Manufacture of metal household articles (plates, saucers, pots, kettles, saucepans, frying pans and other non-electrical utensils, small hand-operated kitchen appliances and accessories). Company’s Total Operating Revenue is Rs. 2532.15 Cr. and Equity Capital is Rs. 13.86 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Domestic AppliancesPlot No. 38, SIPCOT Industrial Complex, Hosur Tamil Nadu 635126investorhelp@ttkprestige.com
http://www.ttkprestige.com
Management
NamePosition Held
Mr. T T JagannathanChairman
Mr. T T RaghunathanVice Chairman
Mr. Chandru KalroManaging Director
Mr. K ShankaranWhole Time Director & Co. Secretary
Mr. R SrinivasanDirector
Mr. Dileep Kumar KrishnaswamyDirector
Dr. T T MukundDirector
Mr. Murali NeelakantanDirector
Mr. Dhruv Sriratan MoondhraDirector
Mr. Arun K ThiagarajanDirector
Dr.(Mrs.) Vandana R WalvekarDirector
Mrs. Sandhya VasudevanDirector
Mr. Vijayaraghavachari RanganathanDirector

TTK Prestige Ltd. Share Price Update

Share PriceValue
Today₹760.60
Previous Day₹780.20

Basic Stock Data of TTK Prestige Ltd

Market Cap 10,277 Cr.
Current Price 741
High / Low833/652
Stock P/E45.5
Book Value 141
Dividend Yield0.80 %
ROCE18.1 %
ROE13.8 %
Face Value 1.00

Data Source: screener.in

Competitors of TTK Prestige Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Tokyo Plast International Ltd 103 Cr. 109139/84.362.6 63.10.00 %2.81 %0.82 % 10.0
Industry Average103.00 Cr109.0062.6063.100.00%2.81%0.82%10.00

TTK Prestige Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales726598401859765698629842695611588729738
Expenses609490357715636588549724615531527649653
Operating Profit11710844143129109801188080618185
OPM %16%18%11%17%17%16%13%14%12%13%10%11%12%
Other Income91788513791317211818
Interest1212222123333
Depreciation11101011111112121316151617
Profit before tax11411341139121110731147878648083
Tax %26%24%25%25%25%26%26%26%25%26%26%26%26%
Net Profit848531104918053845858475962
EPS in Rs6.056.162.217.476.545.773.846.054.154.293.464.284.51

TTK Prestige Ltd Quarterly Chart

TTK Prestige Ltd Profit & Loss

MonthMar 2006Mar 2007Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2082601,4881,7451,8712,1072,0732,1942,7222,7772,666
Expenses1892341,3011,5271,6211,8111,8071,8722,2962,4162,360
Operating Profit1926187218251296266322427361307
OPM %9%10%13%12%13%14%13%15%16%13%12%
Other Income2163141251341354674
Interest78611788671012
Depreciation22212626263740445364
Profit before tax1216167184359286234317411343305
Tax %40%30%31%18%27%33%21%25%26%26%
Net Profit711116151263192185237305253226
EPS in Rs8.2810.7819.0113.8813.3917.0821.9918.3416.54
Dividend Payout %38%30%27%21%13%18%15%29%27%33%

TTK Prestige Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2006-20072016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)57.14%30.17%74.17%-27.00%-3.65%28.11%28.69%-17.05%
Change in YoY Net Profit Growth (%)0.00%-26.97%44.00%-101.17%23.35%31.75%0.58%-45.74%

TTK Prestige Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:8%
3 Years:10%
TTM:-7%
Compounded Profit Growth
10 Years:%
5 Years:8%
3 Years:9%
TTM:-18%
Stock Price CAGR
10 Years:12%
5 Years:2%
3 Years:2%
1 Year:-3%
Return on Equity
10 Years:%
5 Years:16%
3 Years:16%
Last Year:14%

TTK Prestige Ltd Balance Sheet

MonthMar 2006Mar 2007Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1111121212121414141414
Reserves35427118421,0081,1551,2921,4911,7161,9251,946
Borrowings5774011312990868492131162
Other Liabilities4565274322420395409450593518584
Total Liabilities1481929971,2891,5691,6521,8012,0382,4142,5872,707
Fixed Assets2430330510490502572573597684700
CWIP163242161871015
Investments226875167192331420356249233
Other Assets1211545967039089378921,0271,4561,6451,758
Total Assets1481929971,2891,5691,6521,8012,0382,4142,5872,707

TTK Prestige Ltd Reserves and Borrowings Chart

TTK Prestige Ltd Cash Flow

MonthMar 2006Mar 2007Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 224789412794253289294199
Cash from Investing Activity -1-13-6-168-3-0-184-184-220-157
Cash from Financing Activity -206-70106-113-84-95-82-91-67
Net Cash Flow1-32311110-2623-18-26

TTK Prestige Ltd Financial Efficiency Indicators

MonthMar 2006Mar 2007Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days49594345505349484444
Inventory Days189185134133147141143128134130
Days Payable71675455806160738960
Cash Conversion Cycle16817612212311713313210489114
Working Capital Days961037770657669665970
ROCE %21%24%22%25%19%21%24%18%

TTK Prestige Ltd Financial Efficiency Indicators Chart

TTK Prestige Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters70.41%70.41%70.41%70.41%70.41%70.41%70.41%70.41%70.41%70.41%70.41%70.41%
FIIs10.02%9.88%9.94%9.57%9.30%8.92%8.79%8.84%8.63%7.93%8.00%6.72%
DIIs12.54%12.82%13.12%13.09%13.19%13.50%13.94%13.57%13.50%13.66%13.42%14.61%
Public7.03%6.89%6.54%6.93%7.10%7.17%6.86%7.17%7.45%8.00%8.17%8.24%
No. of Shareholders27,05127,85526,49458,91670,41070,24077,67681,17887,1301,01,9171,00,43296,651

TTK Prestige Ltd Shareholding Pattern Chart

No. of TTK Prestige Ltd Shareholders

TTK Prestige Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Small Cap Fund59000001.87464.36
SBI Multicap Fund45760592.45360.16
DSP Small Cap Fund18792811.07147.91
Nippon India Small Cap Fund13332020.23104.93
ICICI Prudential Value Discovery Fund11372220.2389.51
Franklin India Smaller Companies Fund8125790.5463.95
SBI Consumption Opportunities Fund4700001.8536.99
Baroda BNP Paribas India Consumption Fund149024111.73
Nippon India Nifty Smallcap 250 Index Fund285800.212.25
Motilal Oswal Nifty Smallcap 250 Index Fund174730.211.38

TTK Prestige Ltd ROCE Trend

TTK Prestige Ltd EPS Trend

TTK Prestige Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.0010.0010.0010.00
Basic EPS (Rs.)18.3421.99175.23133.13138.76
Diluted EPS (Rs.)18.3421.99175.23133.13138.76
Cash EPS (Rs.)22.2225.22199.68159.54189.28
Book Value[Excl.RevalReserv]/Share (Rs.)139.94124.631084.31942.651007.04
Book Value[Incl.RevalReserv]/Share (Rs.)140.10124.791085.87944.211008.90
Revenue From Operations / Share (Rs.)200.37196.421577.871495.661822.59
PBDIT / Share (Rs.)29.1633.26256.85207.89274.45
PBIT / Share (Rs.)25.3330.07228.01181.49251.56
PBT / Share (Rs.)24.7629.62232.95169.12247.66
Net Profit / Share (Rs.)18.3922.04170.84133.15166.39
NP After MI And SOA / Share (Rs.)18.3421.99170.84133.89166.39
PBDIT Margin (%)14.5516.9316.2713.8915.05
PBIT Margin (%)12.6415.3014.4512.1313.80
PBT Margin (%)12.3515.0814.7611.3013.58
Net Profit Margin (%)9.1811.2110.828.909.12
NP After MI And SOA Margin (%)9.1511.1910.828.959.12
Return on Networth / Equity (%)13.1217.6415.7514.2216.52
Return on Capital Employeed (%)16.7823.0019.5518.1022.93
Return On Assets (%)9.8212.6211.6110.3011.64
Long Term Debt / Equity (X)0.020.000.020.010.04
Total Debt / Equity (X)0.020.020.020.010.04
Asset Turnover Ratio (%)1.081.171.091.151.27
Current Ratio (X)3.762.883.312.882.79
Quick Ratio (X)2.561.912.251.741.56
Inventory Turnover Ratio (X)1.131.271.000.971.13
Dividend Payout Ratio (NP) (%)19.0825.000.0027.0121.72
Dividend Payout Ratio (CP) (%)15.7921.840.0022.5619.09
Earning Retention Ratio (%)80.9275.000.0072.9978.28
Cash Earning Retention Ratio (%)84.2178.160.0077.4480.91
Interest Coverage Ratio (X)50.7174.1170.4952.7770.50
Interest Coverage Ratio (Post Tax) (X)32.9950.1046.7436.9443.74
Enterprise Value (Cr.)9141.5111093.259977.966752.3710025.87
EV / Net Operating Revenue (X)3.294.074.563.264.76
EV / EBITDA (X)22.6224.0728.0323.4431.60
MarketCap / Net Operating Revenue (X)3.494.214.623.274.77
Retention Ratios (%)80.9174.990.0072.9878.27
Price / BV (X)5.016.636.725.218.64
Price / Net Operating Revenue (X)3.494.214.623.274.77
EarningsYield0.020.020.020.020.01

TTK Prestige Ltd Profitability Ratios (%)

TTK Prestige Ltd Liquidity Ratios

TTK Prestige Ltd Liquidity Ratios (%)

TTK Prestige Ltd Interest Coverage Ratios (X)

TTK Prestige Ltd Valuation Ratios

Fair Value / Intrinsic Value of TTK Prestige Ltd

Fair Value: ₹892.42

The stock is undervalued by 20.43% compared to the current price ₹741

*Investments are subject to market risks

Strength and Weakness of TTK Prestige Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 17.40%, which is a positive sign.
  2. The company has higher reserves (1,105.73 cr) compared to borrowings (92.55 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (43.91 cr) and profit (239.45 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 143.29 and average Dividend Yield of 13.66%.
  2. The stock has a high average Working Capital Days of 75.10, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 127.80, which may not be favorable.

Should I Buy TTK Prestige Ltd Share Now?

  • Based on the analysis of various financial indicators, it may be worth considering investment in TTK Prestige Ltd:
    1. Net Profit Margin: 9.18% (Higher values are generally favorable)
      • 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: 16.78% (Industry Average ROCE: 2.81%)
      • 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): 32.99 (Higher values, preferably > 2, are recommended)
      • 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: 2.56 (Higher values, preferably > 1, are recommended)
      • 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: 45.5 (Industry average Stock P/E: 62.6)
      • 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: 0.02 (Lower values, preferably < 1, are preferred)
      • 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.
    While these metrics suggest potential opportunity, it's essential to conduct thorough research or seek advice from financial experts before making any investment decisions.

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 TTK Prestige 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