Tirupati Starch & Chemicals Ltd

Tirupati Starch Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tirupati Starch & Chemicals Ltd

₹ 163 -1.21%
16 Dec 3:32 p.m.
tirupatistarch.com BSE: 524582
About

Incorporated in 1985, Tirupati Starch & Chemicals Ltd manufactures Starch, Dextrose Anhydrous, and other Products[1]

Key Points

Product Profile:[1][2]
a) Main Products:
Maize Starch Powder, Dextrose Anhydrous, Dextrose Monohydrate, Dextrin (White & Yellow), IP Starch, Liquid Glucose, Tyrolese, Vervosize
b) By Products:
Hydrol, Maize Bran, Maize Cattle Feed, Grit, Maize Germ, Maize Gluten, Maize Husk Dry/ Wet, Corn Gluten, and Corn Gem

Website BSE
  • Market Cap ₹ 156 Cr.
  • Current Price ₹ 163
  • High / Low ₹ 264 / 122
  • Stock P/E 2,233
  • Book Value ₹ 54.1
  • Dividend Yield 0.00 %
  • ROCE 7.67 %
  • ROE 4.16 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 3.05 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 13.8% over last 3 years.
  • Working capital days have increased from 48.7 days to 91.9 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: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
79.28 84.35 90.17 99.75 92.91 85.53 86.02 75.25 61.60 86.79 82.48 86.23 103.27
75.30 79.60 82.65 95.90 88.44 80.14 78.71 71.13 57.68 81.14 75.68 83.64 98.25
Operating Profit 3.98 4.75 7.52 3.85 4.47 5.39 7.31 4.12 3.92 5.65 6.80 2.59 5.02
OPM % 5.02% 5.63% 8.34% 3.86% 4.81% 6.30% 8.50% 5.48% 6.36% 6.51% 8.24% 3.00% 4.86%
0.17 0.05 1.50 0.11 0.12 0.14 0.21 0.08 0.06 0.12 0.13 0.10 0.13
Interest 1.38 1.44 1.66 1.81 2.03 2.37 2.13 2.12 1.96 2.50 3.52 2.67 2.75
Depreciation 1.28 1.28 2.00 1.46 1.46 1.46 1.24 1.41 1.87 2.10 2.37 1.93 2.08
Profit before tax 1.49 2.08 5.36 0.69 1.10 1.70 4.15 0.67 0.15 1.17 1.04 -1.91 0.32
Tax % 0.00% 0.00% 19.22% 43.48% 28.18% 17.65% 3.86% 17.91% 80.00% 10.26% 58.65% 8.90% -106.25%
1.48 2.08 4.33 0.39 0.80 1.40 3.98 0.55 0.04 1.06 0.43 -2.08 0.66
EPS in Rs 2.11 2.97 6.19 0.56 1.14 1.73 4.92 0.68 0.05 1.11 0.45 -2.17 0.69
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
58 61 59 158 177 199 227 271 200 318 364 306 359
58 58 55 152 169 189 216 263 191 298 343 286 339
Operating Profit 1 3 4 6 8 10 11 8 9 19 21 20 20
OPM % 1% 5% 6% 4% 4% 5% 5% 3% 5% 6% 6% 7% 6%
0 0 1 1 2 1 0 0 0 2 1 0 0
Interest 1 1 1 6 5 4 3 2 3 6 8 10 11
Depreciation 1 1 2 4 5 5 5 5 5 6 6 8 8
Profit before tax -1 2 1 -5 0 2 4 2 1 9 8 3 1
Tax % -14% 25% 193% -67% -3,700% 21% 21% 26% 4% 12% 14% 32%
-1 1 -1 -2 1 2 3 1 1 8 7 2 0
EPS in Rs -1.35 1.95 -1.95 -2.48 1.87 2.90 5.32 1.89 1.47 11.80 8.12 2.16 0.08
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 18%
5 Years: 6%
3 Years: 15%
TTM: 16%
Compounded Profit Growth
10 Years: 6%
5 Years: -9%
3 Years: 26%
TTM: -99%
Stock Price CAGR
10 Years: 32%
5 Years: 54%
3 Years: 45%
1 Year: 20%
Return on Equity
10 Years: 9%
5 Years: 11%
3 Years: 14%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 6 6 6 6 6 6 6 7 7 8 10 10
Reserves 6 7 6 4 7 11 15 16 21 29 38 44 42
21 39 44 54 49 26 23 22 55 77 90 154 131
4 4 27 40 44 65 94 96 51 45 33 19 32
Total Liabilities 36 57 82 105 107 109 138 140 133 158 169 226 214
7 6 61 59 64 65 60 55 71 61 55 93 91
CWIP 10 33 0 4 0 0 9 18 7 16 46 27 35
Investments 0 0 0 0 0 0 0 0 0 1 0 0 0
19 18 21 43 42 44 69 66 55 80 68 107 88
Total Assets 36 57 82 105 107 109 138 140 133 158 169 226 214

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1 3 17 -4 14 33 5 12 -35 -1 23 -34
-13 -21 -20 -6 -5 -5 -9 -9 -6 -6 -25 -32
13 18 3 10 -8 -28 4 -3 41 7 9 59
Net Cash Flow 0 0 0 -0 -0 0 0 -0 -0 -0 8 -7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 29 27 45 44 36 38 61 37 45 35 33 41
Inventory Days 64 68 112 55 43 33 41 48 39 54 19 83
Days Payable 22 27 223 89 58 54 99 154 90 55 30 13
Cash Conversion Cycle 72 69 -66 10 20 17 2 -69 -6 33 22 111
Working Capital Days 95 55 -67 -0 23 21 26 -42 10 31 23 92
ROCE % 1% 6% 5% 3% 6% 12% 15% 9% 7% 16% 13% 8%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
63.01% 63.03% 63.00% 63.00% 67.98% 67.99% 67.99% 67.99% 68.05% 73.04% 73.04% 73.04%
0.35% 0.35% 0.35% 0.35% 0.30% 0.30% 0.30% 0.30% 0.30% 0.26% 0.26% 0.26%
36.64% 36.62% 36.65% 36.65% 31.70% 31.72% 31.70% 31.71% 31.64% 26.71% 26.71% 26.71%
No. of Shareholders 10,71910,73610,69410,69910,65710,72310,68810,66010,69810,64510,77410,950

* 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.

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