Tata Metaliks Ltd

Tata Metaliks Ltd

₹ 1,111 1.84%
05 Feb 2024
About

Tata Metaliks incorporated in 1990 as a subsidiary of Tata Steel, is one of India’s leading producers of high-quality Pig Iron (PI) and Ductile Iron Pipes (DIP).
Co. products find use in the water infrastructure industry and partly cast into PI for use in foundries. [1]

Key Points

Business Segments FY23

  • Market Cap 3,507 Cr.
  • Current Price 1,111
  • High / Low 1,131 / 832
  • Stock P/E 29.1
  • Book Value 59.0
  • Dividend Yield 0.45 %
  • ROCE 43.3 %
  • ROE 306 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 51.2% CAGR over last 5 years

Cons

  • Stock is trading at 18.8 times its book value
  • The company has delivered a poor sales growth of -0.67% over past five years.
  • Debtor days have increased from 35.3 to 47.9 days.
  • Company's cost of borrowing seems high

* 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: Steel Industry: Steel - Medium / Small

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016
326 370 386 359 351 321 388 319 328 293 361 315 323
314 333 343 298 298 282 338 272 281 247 286 254 277
Operating Profit 11 37 43 61 52 39 50 48 47 47 75 61 46
OPM % 3% 10% 11% 17% 15% 12% 13% 15% 14% 16% 21% 19% 14%
0 -19 -1 0 -1 3 1 0 1 1 0 1 0
Interest 10 11 11 11 10 10 10 10 10 9 17 8 8
Depreciation 8 8 7 8 7 8 8 8 9 8 8 8 8
Profit before tax -7 -1 24 41 34 24 33 29 28 30 50 45 29
Tax % 0% 0% -28% 16% 21% 18% 14% 7% 28% 14% 23% 24% 26%
-7 -1 31 34 27 19 28 27 20 26 38 34 22
EPS in Rs -2.69 -0.50 12.15 13.57 10.69 7.64 11.24 10.84 8.00 10.29 15.20 13.61 8.59
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 TTM
1,032 1,002 1,048 1,345 1,226 993 1,436 1,418 1,301 1,292
911 1,137 988 1,307 1,356 1,032 1,339 1,213 1,081 1,064
Operating Profit 121 -136 61 39 -130 -39 97 204 220 227
OPM % 12% -14% 6% 3% -11% -4% 7% 14% 17% 18%
22 23 29 13 32 -6 -19 2 1 2
Interest 22 39 47 41 46 40 44 43 39 42
Depreciation 16 16 25 26 27 28 31 31 33 31
Profit before tax 105 -167 17 -15 -170 -114 3 132 149 155
Tax % 35% 10% 29% -38% 20% 0% -236% 18% 17%
69 -151 12 -21 -135 -114 9 109 123 121
EPS in Rs 27.31 -59.17 11.29 0.23 -44.85 -34.43 3.74 43.14 48.53 47.69
Dividend Payout % 26% 0% 0% 0% 0% 0% 0% 0% 4%
Compounded Sales Growth
10 Years: %
5 Years: -1%
3 Years: 9%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: 51%
3 Years: 53%
TTM: 26%
Stock Price CAGR
10 Years: 27%
5 Years: 15%
3 Years: -4%
1 Year: 31%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 306%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Sep 2016
Equity Capital 25 25 25 25 25 25 25 25 25 25
Reserves 167 17 45 46 -67 -155 -145 -38 68 124
111 487 335 464 693 624 453 379 411 210
296 147 364 280 168 358 402 361 358 508
Total Liabilities 599 677 769 815 819 852 735 728 862 868
243 234 391 368 352 318 392 362 353 388
CWIP 18 180 5 6 29 119 8 17 88 98
Investments 0 0 0 0 10 0 0 0 0 0
338 263 374 441 427 416 335 349 421 381
Total Assets 599 677 769 815 819 852 735 728 862 868

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
57 -172 202 -106 -49 171 239 155 88
-13 -173 -26 -22 -63 -112 7 -48 -76
-33 354 -177 121 187 -130 -234 -125 -13
Net Cash Flow 11 9 -1 -6 75 -71 12 -17 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
Debtor Days 27 23 19 28 14 33 26 32 48
Inventory Days 92 52 110 85 59 109 46 48 68
Days Payable 99 27 125 57 30 134 113 133 142
Cash Conversion Cycle 20 49 4 56 43 7 -41 -53 -25
Working Capital Days 20 48 7 42 23 -32 -56 -46 -25
ROCE % -29% 13% 5% -20% -10% 16% 51% 43%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
60.03% 60.03% 60.03% 60.03% 60.03% 60.03% 60.03% 60.03% 60.03% 60.03% 60.03% 60.03%
0.95% 1.94% 1.12% 1.02% 0.92% 0.91% 1.49% 1.45% 4.19% 3.53% 3.44% 3.83%
13.21% 11.57% 10.48% 10.51% 9.45% 8.96% 8.81% 8.63% 6.81% 6.72% 6.75% 6.37%
0.79% 0.79% 0.79% 0.79% 0.79% 0.79% 0.79% 0.79% 0.79% 0.79% 0.79% 0.79%
25.02% 25.67% 27.58% 27.64% 28.80% 29.31% 28.86% 29.08% 28.18% 28.93% 28.98% 28.98%
No. of Shareholders 64,13177,9651,01,9381,10,0431,16,2081,19,9341,22,8551,17,0281,09,3741,06,0621,19,7511,12,035

* 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.

Documents

Concalls