Tanfac Industries Ltd

Tanfac Industries Ltd

₹ 1,984 1.89%
21 Feb 2:18 p.m.
About

Incorporated in 1972, Tanfac Industries Ltd is amongst the leading producers of Hydrofluoric Acid and its derivatives.

Key Points

Product Portfolio:[1]
Tanfac is engaged in the manufacture of inorganic fluorine based chemicals like Anhydrous Hydrofluoric acid, Sulphuric Acid, Oleum, Aluminum Fluoride, Potassium Fluoride, Potassium Bifluoride, Boron Trifluoride Complexes, Calcium Sulphate (Gypsum), IsoButyl Acetophenone, Acetic Acid, Peracetic Acid and Poly Aluminum Chloride, etc.

  • Market Cap 1,980 Cr.
  • Current Price 1,984
  • High / Low 2,779 / 875
  • Stock P/E 31.8
  • Book Value 208
  • Dividend Yield 0.33 %
  • ROCE 47.7 %
  • ROE 34.4 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 41.4% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.4%

Cons

  • Stock is trading at 9.51 times its book value
  • Debtor days have increased from 39.1 to 49.4 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
47 39 90 73 90 67 83 77 99 116 106 81 88
29 38 61 58 69 57 70 65 76 90 82 66 73
Operating Profit 18 1 29 15 21 10 14 13 22 26 24 16 15
OPM % 38% 2% 32% 21% 24% 15% 16% 17% 23% 22% 23% 19% 17%
0 1 1 0 1 1 0 0 1 6 3 2 1
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 4 2 1 2 1 1 1 2 2 2 2 2 2
Profit before tax 14 0 29 14 20 9 12 12 22 30 25 15 14
Tax % 28% 175% 26% 26% 27% 24% 27% 26% 25% 26% 26% 26% 26%
10 -0 21 10 15 7 9 9 16 22 18 11 10
EPS in Rs 10.23 -0.06 21.29 10.05 15.01 7.08 9.00 8.54 16.29 22.44 18.44 11.40 10.11
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
148 146 117 120 133 126 162 222 165 148 320 375 391
153 144 106 112 125 112 141 169 138 115 244 299 311
Operating Profit -5 2 11 8 9 14 21 53 27 33 76 76 80
OPM % -3% 1% 10% 7% 7% 11% 13% 24% 16% 22% 24% 20% 21%
0 5 0 1 4 1 0 1 1 1 3 8 11
Interest 10 12 10 10 8 7 7 4 2 1 2 2 1
Depreciation 7 10 7 6 5 5 5 8 5 8 6 6 7
Profit before tax -22 -15 -6 -7 0 3 10 42 22 25 72 75 84
Tax % -12% 26% 45% 20% -8% 0% 1% 14% 22% 30% 26% 26%
-24 -11 -3 -5 0 3 10 36 17 17 53 56 62
EPS in Rs -24.16 -11.38 -3.04 -5.30 0.40 3.30 9.70 36.06 17.01 17.51 53.41 56.27 62.39
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 17% 12%
Compounded Sales Growth
10 Years: 10%
5 Years: 18%
3 Years: 32%
TTM: 20%
Compounded Profit Growth
10 Years: 18%
5 Years: 41%
3 Years: 48%
TTM: 52%
Stock Price CAGR
10 Years: 73%
5 Years: 57%
3 Years: 90%
1 Year: 95%
Return on Equity
10 Years: %
5 Years: 41%
3 Years: 36%
Last Year: 34%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 10 -2 -5 -10 -10 -7 3 38 55 73 124 174 198
Preference Capital 0 0 0 5 5 0 7 6 0 0 0 0
93 79 70 64 56 54 37 6 0 0 0 0 0
28 20 31 31 35 20 36 53 24 37 49 68 56
Total Liabilities 142 107 106 95 91 77 86 107 89 120 182 252 264
74 65 59 53 49 45 41 34 33 40 40 55 57
CWIP 0 0 0 0 0 0 0 1 6 3 12 6 5
Investments 0 0 0 0 0 1 1 1 1 23 42 67 65
67 42 46 42 42 31 44 71 49 55 88 124 136
Total Assets 142 107 106 95 91 77 86 107 89 120 182 252 264

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-17 26 19 9 16 16 17 37 22 37 44 43
-3 -0 -0 0 -1 -1 -1 -3 -9 -34 -35 -40
20 -26 -19 -10 -15 -15 -17 -34 -12 -1 -5 -6
Net Cash Flow 0 -0 -0 -0 -0 0 -0 0 -0 2 5 -3

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 54 38 56 52 54 46 44 38 40 40 28 49
Inventory Days 135 68 136 106 82 66 75 107 75 134 91 89
Days Payable 59 36 113 89 97 69 74 90 47 142 76 78
Cash Conversion Cycle 129 70 80 68 39 42 45 54 67 31 43 60
Working Capital Days 94 53 38 40 30 29 30 46 66 36 33 46
ROCE % -6% -10% 6% 4% 7% 18% 29% 78% 37% 35% 67% 48%

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
50.98% 50.98% 50.98% 50.98% 50.98% 51.81% 51.82% 51.82% 51.82% 51.82% 51.82% 51.82%
0.00% 0.00% 0.19% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.06% 0.06% 0.06% 0.06% 0.07% 0.06% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
48.96% 48.96% 48.78% 48.96% 48.96% 48.13% 48.13% 48.13% 48.13% 48.13% 48.13% 48.11%
No. of Shareholders 13,42513,29115,18815,07515,25015,13414,67013,98814,38015,63415,87116,574

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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