Tulsyan NEC Ltd

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

Tulsyan NEC Ltd

₹ 107 7.64%
26 Apr - 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 ₹ 160 Cr.
  • Current Price ₹ 107
  • High / Low ₹ 126 / 49.3
  • Stock P/E 6.13
  • Book Value ₹ 254
  • Dividend Yield 0.00 %
  • ROCE -1.08 %
  • ROE 12.7 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.42 times its book value
  • Debtor days have improved from 67.5 to 36.5 days.
  • Company's working capital requirements have reduced from 74.5 days to 50.3 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 7.70% over past five years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.10.6 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

Consolidated Figures in Rs. Crores / View Standalone

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
174 213 177 221 185 263 312 253 223 233 236 247 253
166 184 160 231 199 242 296 247 243 220 230 247 254
Operating Profit 8 29 17 -11 -14 21 16 6 -19 14 6 0 -1
OPM % 5% 14% 10% -5% -7% 8% 5% 2% -9% 6% 2% 0% -0%
-0 197 272 174 -0 363 0 219 219 -7 0 15 2
Interest 47 45 1 2 2 2 2 2 2 8 11 10 10
Depreciation 6 6 6 6 6 6 6 7 6 8 7 6 6
Profit before tax -46 175 281 156 -22 375 8 217 192 -9 -12 -1 -14
Tax % -0% 2% -0% -0% -0% 0% -0% -0% -0% 619% -16% -0% -0%
-46 172 281 156 -22 375 8 217 192 48 -14 -1 -14
EPS in Rs -30.55 114.67 187.65 104.08 -14.57 250.08 5.49 144.57 127.98 31.83 -9.37 -0.47 -9.64
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,214 1,206 1,348 1,293 919 534 705 837 750 620 850 1,022 969
1,135 1,137 1,285 1,258 851 501 692 803 719 594 831 1,005 950
Operating Profit 79 69 64 35 68 33 13 34 32 26 19 17 19
OPM % 6% 6% 5% 3% 7% 6% 2% 4% 4% 4% 2% 2% 2%
6 5 1 4 4 -2 -7 4 1 197 804 213 11
Interest 53 57 81 78 96 122 142 230 227 206 7 14 40
Depreciation 10 10 23 19 17 25 26 25 26 25 25 26 26
Profit before tax 21 7 -40 -58 -42 -116 -163 -217 -220 -8 791 189 -37
Tax % 20% 30% -55% 27% 15% 19% 1% -1% 1% -40% 0% -30%
17 5 -61 -43 -36 -94 -161 -219 -219 -12 791 246 19
EPS in Rs 11.37 3.09 -40.94 -28.52 -23.67 -62.77 -107.41 -146.30 -146.14 -7.71 527.25 163.83 12.35
Dividend Payout % 10% 22% -2% -1% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: -2%
5 Years: 8%
3 Years: 11%
TTM: -8%
Compounded Profit Growth
10 Years: 24%
5 Years: 17%
3 Years: 29%
TTM: 408%
Stock Price CAGR
10 Years: 17%
5 Years: %
3 Years: %
1 Year: 78%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 106 117 121 85 50 -52 -212 -431 -649 -661 129 379 364
Preference Capital -0 -0 7 9 9 9 9 9 9 9 9 9
409 540 563 786 813 1,116 1,181 1,325 1,463 1,486 630 369 329
359 464 559 485 398 140 198 197 244 142 169 170 251
Total Liabilities 885 1,137 1,259 1,371 1,275 1,220 1,181 1,105 1,072 982 942 933 960
120 116 351 332 325 745 726 702 680 656 635 573 562
CWIP 219 395 221 270 292 1 -0 -0 -0 -0 -0 -0 1
Investments 1 2 2 0 0 0 0 0 0 0 0 0 0
544 624 685 770 658 473 455 403 392 325 307 360 398
Total Assets 885 1,137 1,259 1,371 1,275 1,220 1,181 1,105 1,072 982 942 933 960

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
39 132 107 -201 112 9 149 109 41 235 864 340
-180 -179 -80 -37 -29 -13 8 5 -4 -3 -5 -0
140 49 -26 267 -115 6 -209 -118 -37 -229 -862 -330
Net Cash Flow -1 3 1 28 -31 2 -51 -4 -0 3 -3 10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 86 94 97 111 131 141 141 107 115 99 67 37
Inventory Days 39 54 45 47 69 122 65 58 64 78 46 47
Days Payable 89 106 110 101 115 90 79 56 59 31 35 41
Cash Conversion Cycle 36 42 32 58 85 173 128 110 119 146 78 42
Working Capital Days 65 79 70 106 146 109 -17 -43 -70 110 63 50
ROCE % 17% 11% 7% 3% 6% 1% -1% 1% 1% 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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