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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of TTK Prestige Ltd

Basic Stock Data

Last Updated: May 30, 2024, 5:50 am

Market Cap 9,789 Cr.
Current Price 706
High / Low833/661
Stock P/E43.4
Book Value 151
Dividend Yield0.85 %
ROCE14.5 %
ROE11.2 %
Face Value 1.00
PEG Ratio10.06

Competitors of TTK Prestige Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Orient Electric Ltd 4,895 Cr. 229263/18979.4 30.00.65 %14.1 %10.1 % 1.00
Tokyo Plast International Ltd 101 Cr. 106139/89.261.1 63.10.00 %2.81 %0.82 % 10.0
V-Guard Industries Ltd 16,643 Cr. 383394/23972.1 40.70.35 %16.1 %13.8 % 1.00
Industry Average7,213.00 Cr239.3370.8744.600.33%11.00%8.24%4.00

Quarterly Result

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

Last Updated: May 10, 2024, 9:08 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 6:14 am

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%

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%

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:10%
5 Years:-1%
3 Years:-7%
1 Year:2%
Return on Equity
10 Years:%
5 Years:16%
3 Years:16%
Last Year:14%

Last Updated: May 25, 2024, 8:22 am

Balance Sheet

Last Updated: May 8, 2024, 12:23 am

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

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

Free Cash Flow

MonthMar 2006Mar 2007Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-38.00-48.00187.00105.00122.00206.00180.00238.00335.00230.00

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 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%

Financial Efficiency Indicators Chart

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

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Small Cap Fund5,900,0001.87464.36
SBI Multicap Fund4,576,0592.45360.16
DSP Small Cap Fund1,879,2811.07147.91
Nippon India Small Cap Fund1,333,2020.23104.93
ICICI Prudential Value Discovery Fund1,137,2220.2389.51
Franklin India Smaller Companies Fund812,5790.5463.95
SBI Consumption Opportunities Fund470,0001.8536.99
Baroda BNP Paribas India Consumption Fund149,024111.73
Nippon India Nifty Smallcap 250 Index Fund28,5800.212.25
Motilal Oswal Nifty Smallcap 250 Index Fund17,4730.211.38

ROCE Trend

EPS Trend

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

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: ₹740.22

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: 4.85% compared to the current price ₹706

Intrinsic Value: ₹772.17

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: 9.37% compared to the current price ₹706

Last 5 Year EPS CAGR: 4.32%

*Investments are subject to market risks

Strength and Weakness

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 has a high average Working Capital Days of 75.10, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 127.80, which may not be favorable.

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 TTK Prestige Ltd:
    1. Net Profit Margin: 9.18%
      • 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: 11%)
      • 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%: 13.12% (Industry Average ROE: 8.24%)
      • 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): 32.99
      • 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: 2.56
      • 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: 43.4 (Industry average Stock P/E: 70.87)
      • 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

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

FAQ

What is the latest fair value of TTK Prestige Ltd?

The latest fair value of TTK Prestige Ltd is ₹740.22.

What is the Market Cap of TTK Prestige Ltd?

The Market Cap of TTK Prestige Ltd is 9,789 Cr..

What is the current Stock Price of TTK Prestige Ltd as on 30 May 2024?

The current stock price of TTK Prestige Ltd as on 30 May 2024 is ₹706.

What is the High / Low of TTK Prestige Ltd stocks in FY 2024?

In FY 2024, the High / Low of TTK Prestige Ltd stocks is 833/661.

What is the Stock P/E of TTK Prestige Ltd?

The Stock P/E of TTK Prestige Ltd is 43.4.

What is the Book Value of TTK Prestige Ltd?

The Book Value of TTK Prestige Ltd is 151.

What is the Dividend Yield of TTK Prestige Ltd?

The Dividend Yield of TTK Prestige Ltd is 0.85 %.

What is the ROCE of TTK Prestige Ltd?

The ROCE of TTK Prestige Ltd is 14.5 %.

What is the ROE of TTK Prestige Ltd?

The ROE of TTK Prestige Ltd is 11.2 %.

What is the Face Value of TTK Prestige Ltd?

The Face Value of TTK Prestige Ltd is 1.00.

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