Tulsyan NEC Ltd

Tulsyan NEC Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tulsyan NEC Ltd

₹ 88.0 2.15%
10 May - close price
tulsyannec.co.in BSE: 513629
About

Incorporated in 1947, Tulsyan NEC Ltd manufactures TMT bars, Coal Based
Power Plant and Synthetics Woven
fabrics and sacks[1]

Key Points

Product Profile:[1]
Company’s products are TMT Bars, Sponge
Iron, Billets, and Ingots in the steel division
and in the synthetic division, it is PP Woven
Sacks, FIBC and Woven Fabric. TMT Bars are used in the Construction Sector and the plastic products cater to the packaging needs
of various industries such as Cement, Fertilizers, Food grains, Sugar, etc
a) TMT Bars[2]
b) Wire Rod[2]
c) Weld Mesh[2]
d) Bloom[2]
e) Sponge Iron[2]
f) Power[2]
g) Synthetics[2]

Website BSE
  • Market Cap ₹ 132 Cr.
  • Current Price ₹ 88.0
  • High / Low ₹ 126 / 49.3
  • Stock P/E 5.19
  • Book Value ₹ 270
  • Dividend Yield 0.00 %
  • ROCE -1.17 %
  • ROE 12.4 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Stock is trading at 0.33 times its book value
  • Debtor days have improved from 69.7 to 37.4 days.
  • Company's working capital requirements have reduced from 87.8 days to 59.2 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.01% over past five years.
  • Contingent liabilities of Rs.52.8 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.10.5 Cr.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
152 187 162 190 159 237 279 226 215 230 245 237 246
146 160 149 200 173 216 263 221 234 217 241 237 248
Operating Profit 6 27 14 -10 -14 21 16 6 -18 12 4 -0 -2
OPM % 4% 14% 8% -5% -9% 9% 6% 3% -8% 5% 2% -0% -1%
0 197 272 174 -0 363 0 219 0 -7 0 15 2
Interest 47 45 1 1 1 2 1 2 1 7 11 10 9
Depreciation 6 6 6 6 6 6 6 6 6 8 6 6 6
Profit before tax -47 173 279 157 -22 376 9 217 -25 -9 -13 -1 -14
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 607% -15% 0% 0%
-47 173 279 157 -22 376 9 217 -25 47 -14 -1 -14
EPS in Rs -31.46 115.62 185.89 104.73 -14.54 250.55 5.75 144.74 -16.70 31.50 -9.65 -0.38 -9.59
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
1,130 1,148 1,285 1,235 846 539 710 843 736 567 752 950 958
1,061 1,086 1,226 1,193 772 503 695 817 713 545 738 935 943
Operating Profit 69 62 59 41 74 37 15 26 23 22 15 15 15
OPM % 6% 5% 5% 3% 9% 7% 2% 3% 3% 4% 2% 2% 2%
6 5 0 4 3 -2 -7 4 1 197 804 213 10
Interest 50 54 77 75 93 119 140 228 224 203 5 11 37
Depreciation 9 9 22 17 16 25 26 25 25 25 24 26 26
Profit before tax 15 5 -39 -47 -32 -109 -158 -223 -226 -9 790 191 -37
Tax % 14% 24% -56% 22% 11% 20% 0% 0% 0% 0% 0% -30%
13 4 -61 -37 -29 -87 -158 -223 -226 -9 790 248 18
EPS in Rs 8.86 2.53 -40.60 -24.48 -19.11 -58.21 -105.03 -148.39 -150.69 -6.15 526.63 165.29 11.88
Dividend Payout % 12% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -2%
5 Years: 6%
3 Years: 9%
TTM: 0%
Compounded Profit Growth
10 Years: 28%
5 Years: 18%
3 Years: 29%
TTM: 572%
Stock Price CAGR
10 Years: 15%
5 Years: %
3 Years: %
1 Year: 65%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 11 15 15 15 15 15 15 15 15 15 15 17 17
Reserves 106 118 123 99 71 -23 -180 -403 -629 -639 150 403 388
Preference Capital 0 0 7 9 9 9 9 9 9 9 9 9
388 519 546 766 793 1,091 1,158 1,305 1,442 1,466 608 347 308
341 439 531 458 375 108 167 180 227 115 144 147 207
Total Liabilities 846 1,091 1,215 1,338 1,253 1,190 1,160 1,096 1,055 957 917 914 920
103 98 334 321 315 737 718 695 673 650 628 565 554
CWIP 219 394 221 270 292 1 0 0 0 0 0 0 1
Investments 9 10 10 8 8 6 6 6 6 6 7 7 7
515 589 650 739 638 446 435 395 375 301 283 343 358
Total Assets 846 1,091 1,215 1,338 1,253 1,190 1,160 1,096 1,055 957 917 914 920

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
33 119 93 -195 97 19 147 76 39 232 860 336
-180 -176 -80 -38 -29 -13 8 4 -4 -3 -3 1
147 55 -11 262 -100 -3 -151 -84 -35 -226 -860 -327
Net Cash Flow 0 -1 2 29 -32 2 3 -4 -0 3 -3 10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 89 93 95 114 139 139 139 106 117 101 71 37
Inventory Days 38 50 45 46 72 112 62 56 64 85 50 49
Days Payable 92 101 111 100 124 62 59 41 50 13 25 44
Cash Conversion Cycle 36 42 29 60 87 189 143 121 130 173 96 42
Working Capital Days 66 79 72 111 163 118 -6 -33 -65 128 76 59
ROCE % 16% 10% 6% 4% 7% 1% -1% 0% -0% -0% -1% -1%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.45% 70.45% 70.45% 70.45% 70.45% 70.45% 70.45% 70.45% 70.45% 70.45% 70.45% 70.45%
29.55% 29.55% 29.55% 29.55% 29.55% 29.54% 29.54% 29.55% 29.55% 29.54% 29.54% 29.56%
No. of Shareholders 4,4644,4624,4574,4564,4604,4564,4534,6694,6324,5274,4814,521

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