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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of TVS Electronics Ltd

About the Company - TVS Electronics Ltd

TVS Electronics Ltd. is a Public Limited Listed company incorporated on 15/09/1995 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L30007TN1995PLC032941 and registration number is 032941. Currently Company is involved in the business activities of Other telecommunications activities. Company’s Total Operating Revenue is Rs. 307.92 Cr. and Equity Capital is Rs. 18.65 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Computers - Accessories/PeripheralsGreenways Towers No 119, 2nd Floor St Marys Road, Chennai (Madras) Tamil Nadu 600018investorservices@tvs-e.in
http://www.tvs-e.in
Management
NamePosition Held
Mr. Gopal SrinivasanChairman
Ms. Srilalitha GopalManaging Director
Mr. R S RaghavanNon Exe.Non Ind.Director
Mrs. Subhasri SriramIndependent Director
Mr. M F FarooquiIndependent Director
Mr. M LakshminarayanIndependent Director
Mr. K BalakrishnanIndependent Director
Dr. V SumantranIndependent Director

TVS Electronics Ltd. Share Price Update

Share PriceValue
Today₹322.40
Previous Day₹345.10

Basic Stock Data of TVS Electronics Ltd

Market Cap 605 Cr.
Current Price 325
High / Low433/291
Stock P/E500
Book Value 53.6
Dividend Yield0.61 %
ROCE12.4 %
ROE9.17 %
Face Value 10.0

Data Source: screener.in

Competitors of TVS Electronics Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

TVS Electronics Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales60.6862.5472.3654.1877.9787.3588.4286.3093.3388.6185.2489.8492.19
Expenses58.6456.8264.7053.2468.7578.9380.6279.8587.4084.3982.0887.2988.34
Operating Profit2.045.727.660.949.228.427.806.455.934.223.162.553.85
OPM %3.36%9.15%10.59%1.73%11.83%9.64%8.82%7.47%6.35%4.76%3.71%2.84%4.18%
Other Income1.270.240.250.280.230.280.930.561.39-0.29-0.130.470.52
Interest0.680.210.140.220.270.120.350.260.780.160.170.290.50
Depreciation1.931.821.721.531.401.481.921.802.162.400.732.312.63
Profit before tax0.703.936.05-0.537.787.106.464.954.381.372.130.421.24
Tax %20.00%-4.83%3.31%7.55%23.01%28.17%30.50%23.23%35.84%-1.46%29.11%23.81%9.68%
Net Profit0.564.125.85-0.495.995.104.493.802.811.391.510.321.12
EPS in Rs0.302.213.14-0.263.212.732.412.041.510.750.810.170.60

TVS Electronics Ltd Quarterly Chart

TVS Electronics Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2172352472705942,5194,1072,757259225308353356
Expenses2072272352545772,5044,0832,739247215281334342
Operating Profit108121616152518119272014
OPM %5%4%5%6%3%1%1%1%4%4%9%6%4%
Other Income3211325-011221
Interest71077631022111
Depreciation56679644108678
Profit before tax1-513592414-0121135
Tax %1%-59%39%28%21%27%34%48%2,050%18%27%26%
Net Profit1-802461670115104
EPS in Rs0.79-4.530.221.272.323.408.734.000.210.418.105.102.33
Dividend Payout %-0%-0%-0%-0%-0%15%17%38%717%-0%25%39%

TVS Electronics Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142015-20162016-20172017-20182018-20192019-20202021-20222022-2023
YoY Net Profit Growth (%)-900.00%100.00%100.00%50.00%166.67%-56.25%-100.00%1400.00%-33.33%
Change in YoY Net Profit Growth (%)0.00%1000.00%0.00%-50.00%116.67%-222.92%-43.75%1500.00%-1433.33%

TVS Electronics Ltd Growth

Compounded Sales Growth
10 Years:4%
5 Years:-39%
3 Years:11%
TTM:-1%
Compounded Profit Growth
10 Years:12%
5 Years:-9%
3 Years:19%
TTM:-90%
Stock Price CAGR
10 Years:38%
5 Years:15%
3 Years:37%
1 Year:-1%
Return on Equity
10 Years:10%
5 Years:9%
3 Years:9%
Last Year:9%

TVS Electronics Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital18181818191919191919191919
Reserves25171720254965686263748381
Borrowings6665585335243-026791415
Other Liabilities434240517929294978718110110698
Total Liabilities1521411341421573831,036165178170203221213
Fixed Assets49474541383228303729263441
CWIP1-00-00-00013131
Investments821107516117351225
Other Assets9493871001183441,003118139121140171145
Total Assets1521411341421573831,036165178170203221213

TVS Electronics Ltd Reserves and Borrowings Chart

TVS Electronics Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 4101310272040-6-63426-8
Cash from Investing Activity -214-3-4-3-10-1617-19-206
Cash from Financing Activity 15-10-14-8-20-12-21-7-0-21-41
Net Cash Flow-23-4-14719-2911-62-1

TVS Electronics Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days49364239181836360454248
Inventory Days45403758322345490122112122
Days Payable545149593842868156198162134
Cash Conversion Cycle4026313911-1-6-0-6-32-936
Working Capital Days172326244-0-20354328
ROCE %9%4%9%11%11%13%25%21%6%4%22%12%

TVS Electronics Ltd Financial Efficiency Indicators Chart

TVS Electronics Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters59.84%59.84%59.84%59.84%59.91%59.91%59.91%59.91%59.91%59.91%59.91%59.91%
FIIs0.00%0.00%0.00%0.24%0.43%0.26%0.42%0.46%0.09%0.01%0.00%0.00%
DIIs0.01%0.01%0.02%0.01%0.01%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
Public40.15%40.15%40.15%39.91%39.65%39.82%39.64%39.61%39.98%40.07%40.07%40.07%
No. of Shareholders37,74137,48239,86741,24543,72244,68343,97042,49443,60544,19946,66547,760

TVS Electronics Ltd Shareholding Pattern Chart

No. of TVS Electronics Ltd Shareholders

This stock is not held by any mutual fund

TVS Electronics Ltd ROCE Trend

TVS Electronics Ltd EPS Trend

TVS Electronics Ltd Key Financial Ratios

MonthMar 19Mar 18Mar 17Mar 16Mar 15
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)5.298.683.042.691.27
Diluted EPS (Rs.)5.288.583.022.671.24
Cash EPS (Rs.)6.8010.545.607.285.13
Book Value[Excl.RevalReserv]/Share (Rs.)46.7444.1635.6727.5224.83
Book Value[Incl.RevalReserv]/Share (Rs.)46.7444.1635.6727.5224.83
Revenue From Operations / Share (Rs.)1483.452246.631355.83319.89149.84
PBDIT / Share (Rs.)10.6313.728.4010.189.32
PBIT / Share (Rs.)8.5811.255.155.545.46
PBT / Share (Rs.)8.3912.473.643.471.62
Net Profit / Share (Rs.)4.748.062.352.641.27
NP After MI And SOA / Share (Rs.)5.298.683.042.641.27
PBDIT Margin (%)0.710.610.613.186.22
PBIT Margin (%)0.570.500.371.733.64
PBT Margin (%)0.560.550.261.081.08
Net Profit Margin (%)0.310.350.170.820.84
NP After MI And SOA Margin (%)0.350.380.220.820.84
Return on Networth / Equity (%)11.3219.528.439.605.10
Return on Capital Employeed (%)17.5724.4713.4716.6619.32
Return On Assets (%)5.971.561.472.971.52
Long Term Debt / Equity (X)0.000.000.020.080.00
Total Debt / Equity (X)0.000.030.330.671.19
Asset Turnover Ratio (%)4.615.909.193.871.91
Current Ratio (X)1.361.020.960.810.69
Quick Ratio (X)0.920.500.470.420.40
Inventory Turnover Ratio (X)0.260.321.042.464.56
Dividend Payout Ratio (NP) (%)34.216.930.000.000.00
Dividend Payout Ratio (CP) (%)24.655.390.000.000.00
Earning Retention Ratio (%)65.7993.070.000.000.00
Cash Earning Retention Ratio (%)75.3594.610.000.000.00
Interest Coverage Ratio (X)48.2717.995.573.292.43
Interest Coverage Ratio (Post Tax) (X)22.418.962.561.481.30
Enterprise Value (Cr.)349.77593.82326.10218.34114.19
EV / Net Operating Revenue (X)0.120.140.120.360.42
EV / EBITDA (X)17.6723.2520.8511.566.79
MarketCap / Net Operating Revenue (X)0.120.150.120.310.23
Retention Ratios (%)65.7893.060.000.000.00
Price / BV (X)4.127.624.743.721.40
Price / Net Operating Revenue (X)0.120.150.120.310.23
EarningsYield0.020.020.010.020.03

TVS Electronics Ltd Profitability Ratios (%)

TVS Electronics Ltd Liquidity Ratios

TVS Electronics Ltd Liquidity Ratios (%)

TVS Electronics Ltd Interest Coverage Ratios (X)

TVS Electronics Ltd Valuation Ratios

Fair Value / Intrinsic Value of TVS Electronics Ltd

Fair Value: ₹2472.55

The stock is undervalued by 660.78% compared to the current price ₹325

*Investments are subject to market risks

Strength and Weakness of TVS Electronics Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of 13.50, which is a positive sign.
  2. The company has higher reserves (49.92 cr) compared to borrowings (28.85 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (236.15 cr) and profit (6.85 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 7.20 and average Dividend Yield of 1.36%.
  2. The stock has a low average ROCE of 12.25%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 10.75, which may not be favorable.

Should I Buy TVS Electronics Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in TVS Electronics Ltd:
    1. Net Profit Margin: 0.31%
      • 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: 17.57% (Industry Average ROCE: 0%)
      • 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): 22.41
      • 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: 0.92
      • 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: 517 (Industry average Stock P/E: 0)
      • 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: 0.00
      • 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 TVS Electronics 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