Mehabe score: 6 G Factor: 5 Piotski Score: 8 The stock has a rating . The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 5 and Piotski score of 8.
Description
The Tinplate Company of India Limited (TCIL) is a subsidiary of Tata Steel Ltd. The country’s first tinplate manufacturer, TCIL is at the cusp of marking a century since inception in the year 1920. The Company has a pan India presence, with its headquarters in Kolkata. TCIL offers Tinplate in cut sheet & coil form, and TFS in sheet form.Site:TINPLATEMain Symbol:TINPLATE
Stock trades at 221.0, above its 50dma 206.35. It also trades above its 200dma 175.38. The stock remains bullish on techicals
The 52 week high is at 235.25 and the 52week low is at 118.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
– has been maintaining a healthy dividend payout of 22.84%
Weakness
– has a low return on equity of 11.18% for last 3 years.
Competition
– The industry trades at a mean P/E of 28.3x. Hindustan Copper trades at the industry’s max P/E of 128.33x. TINPLATE trades at a P/E of 23.5x
– Industry’s mean G-Factor is 4.9 while the mean Piotski score is 8.0. TINPLATE has a G-Factor of 5 and Piotski scoreof 8.
– Average 1 month return for industry is 9.5%. The max 1- month return was given by Ram Ratna Wires: a return of 31.79 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 755.0 cr compared to Rs 472.0 cr for period ended Mar 2020, a rise of 60.0%
Operating Profits reported at Rs 85.0 cr for period ended Mar 2021 vis-vis 55.0 for period ended Mar 2020 .
Operating Margins contracted -39.4 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 5.37 compared to Rs 3.14 for previous quarter ended Dec 2020 and Rs 2.59 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 2281.0 cr for period ended Mar 2021 vis-vis sales of Rs 2106.0 cr for the period ended Mar 2020, a growth of 7.7%. The 3 year sales cagr stood at 5.9%.
Operating margins expanded to 8.0% for period ended Mar 2021 vis-vis 7.0% for period ended Mar 2020, expansion of 100.0 bps.
Net Profit reported at Rs 98.0 cr for period ended Mar 2021 vis-vis sales of Rs 95.0 cr for the period ended Mar 2020, rising 3.1%.
Company recorded a healthy Net Profit CAGR of 10.3% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 252.0 cr for period ended Mar 2021 vis-vis Rs 53.0 cr for period ended Mar 2020
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The company has had stable/constant Return on Equity (RoE) metric. The RoE on Last Year basis was 12.0% compared to 11.0% over the last 3 Years. – The stock has given a return of 69% on a 1 Year basis vis-vis a return of 8% over the last 3 Years. – The compounded sales growth on a TTM bassis is 8% vis-vis a compounded sales growth of 6% over the last 3 Years. – The compounded profit growth on a TTM basis is 5% vis-vis a compounded profit growth of 10% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Mar 2021 fii holding stood at 0.73% vis-vis 0.89% for Dec 2020 – Public shareholding has remained largely constant. The Mar 2021 public holding stood at 24.28% vis-vis 24.13% for Dec 2020
Conclusion
– is almost debt free.
– has been maintaining a healthy dividend payout of 22.84% – has a low return on equity of 11.18% for last 3 years.
