Tirupati Starch & Chemicals Ltd

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

Tirupati Starch & Chemicals Ltd

₹ 167 2.61%
19 Apr - close price
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 ₹ 160 Cr.
  • Current Price ₹ 167
  • High / Low ₹ 207 / 63.0
  • Stock P/E 28.5
  • Book Value ₹ 48.5
  • Dividend Yield 0.00 %
  • ROCE 12.8 %
  • ROE 16.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 30.0% CAGR over last 5 years
  • Promoter holding has increased by 4.99% over last quarter.

Cons

  • Stock is trading at 3.45 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Tax rate seems low

* 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

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
56.58 59.14 64.31 79.28 84.35 90.17 99.75 92.91 85.53 86.02 75.25 61.60 86.79
53.14 53.25 61.18 75.30 79.60 82.65 95.90 88.44 80.14 78.71 71.13 57.68 81.14
Operating Profit 3.44 5.89 3.13 3.98 4.75 7.52 3.85 4.47 5.39 7.31 4.12 3.92 5.65
OPM % 6.08% 9.96% 4.87% 5.02% 5.63% 8.34% 3.86% 4.81% 6.30% 8.50% 5.48% 6.36% 6.51%
0.03 -0.01 0.04 0.17 0.05 1.50 0.11 0.12 0.14 0.21 0.08 0.06 0.12
Interest 0.61 1.27 1.37 1.38 1.44 1.66 1.81 2.03 2.37 2.13 2.12 1.96 2.50
Depreciation 1.51 1.21 1.28 1.28 1.28 2.00 1.46 1.46 1.46 1.24 1.41 1.87 2.10
Profit before tax 1.35 3.40 0.52 1.49 2.08 5.36 0.69 1.10 1.70 4.15 0.67 0.15 1.17
Tax % 0.00% 1.18% 0.00% 0.00% 0.00% 19.22% 43.48% 28.18% 17.65% 3.86% 17.91% 80.00% 10.26%
1.35 3.36 0.51 1.48 2.08 4.33 0.39 0.80 1.40 3.98 0.55 0.04 1.06
EPS in Rs 2.22 4.80 0.73 2.11 2.97 6.19 0.56 1.14 1.73 4.92 0.68 0.05 1.11
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
57 58 61 59 158 177 199 227 271 200 318 364 310
55 58 58 55 152 169 189 216 263 191 298 343 289
Operating Profit 2 1 3 4 6 8 10 11 8 9 19 21 21
OPM % 3% 1% 5% 6% 4% 4% 5% 5% 3% 5% 6% 6% 7%
0 0 0 1 1 2 1 0 0 0 2 1 0
Interest 1 1 1 1 6 5 4 3 2 3 6 8 9
Depreciation 1 1 1 2 4 5 5 5 5 5 6 6 7
Profit before tax 1 -1 2 1 -5 0 2 4 2 1 9 8 6
Tax % 47% 14% 25% 193% 67% -3,700% 21% 21% 26% 4% 12% 14%
0 -1 1 -1 -2 1 2 3 1 1 8 7 6
EPS in Rs 0.44 -1.35 1.95 -1.95 -2.48 1.87 2.90 5.32 1.89 1.47 11.80 8.12 6.76
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 20%
5 Years: 13%
3 Years: 10%
TTM: -16%
Compounded Profit Growth
10 Years: 26%
5 Years: 30%
3 Years: 79%
TTM: -19%
Stock Price CAGR
10 Years: 39%
5 Years: 34%
3 Years: 65%
1 Year: 163%
Return on Equity
10 Years: 10%
5 Years: 15%
3 Years: 16%
Last Year: 16%

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 6 6 6 6 6 6 6 6 6 7 7 8 8
Reserves 7 6 7 6 4 7 11 15 16 21 29 38 38
Preference Capital 0 0 2 2 2 0 0 0 0 0 1 1
7 21 38 42 53 49 26 23 22 55 76 89 128
2 4 6 28 42 44 66 95 96 51 46 34 21
Total Liabilities 22 36 57 82 105 107 109 138 140 133 158 169 196
7 7 6 61 59 64 65 60 55 71 61 55 104
CWIP 1 10 33 0 4 0 0 9 18 7 16 46 3
Investments 0 0 0 0 0 0 0 0 0 0 1 0 0
14 19 18 21 43 42 44 69 66 55 80 68 88
Total Assets 22 36 57 82 105 107 109 138 140 133 158 169 196

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
4 1 3 17 -4 14 33 5 12 -35 -1 23
-3 -13 -21 -20 -6 -5 -5 -9 -9 -6 -6 -25
-1 13 18 3 10 -8 -28 4 -3 41 7 9
Net Cash Flow -0 0 0 0 -0 -0 0 0 -0 -0 -0 8

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 28 29 27 45 44 36 38 61 37 45 35 33
Inventory Days 50 64 68 112 55 43 33 41 48 39 54 19
Days Payable 9 22 27 223 89 58 54 99 154 90 55 30
Cash Conversion Cycle 69 72 69 -66 10 20 17 2 -69 -6 33 22
Working Capital Days 74 95 55 -67 -0 23 21 26 -42 10 31 23
ROCE % 6% 1% 6% 5% 3% 6% 12% 15% 9% 7% 16% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
63.01% 63.01% 63.01% 63.03% 63.00% 63.00% 67.98% 67.99% 67.99% 67.99% 68.05% 73.04%
0.35% 0.35% 0.35% 0.35% 0.35% 0.35% 0.30% 0.30% 0.30% 0.30% 0.30% 0.26%
36.64% 36.64% 36.64% 36.62% 36.65% 36.65% 31.70% 31.72% 31.70% 31.71% 31.64% 26.71%
No. of Shareholders 10,69510,73210,71910,73610,69410,69910,65710,72310,68810,66010,69810,645

* 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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