Taylormade Renewables Ltd
Incorporated in 2010, Taylormade Renewables Ltd is in the business of providing renewable energy solutions[1]
- Market Cap ₹ 618 Cr.
- Current Price ₹ 557
- High / Low ₹ 856 / 382
- Stock P/E 58.2
- Book Value ₹ 44.5
- Dividend Yield 0.00 %
- ROCE 67.1 %
- ROE 52.7 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 54.4% CAGR over last 5 years
- Debtor days have improved from 395 to 79.7 days.
- Company's working capital requirements have reduced from 558 days to 143 days
Cons
- Stock is trading at 12.5 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.34%
* 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: Capital Goods - Electrical Equipment Industry: Electric Equipment
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| 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 | 2 | 8 | 12 | 18 | 20 | 25 | 3 | 0 | 6 | 20 | 47 | |
| 1 | 2 | 8 | 12 | 17 | 17 | 23 | 3 | 2 | 5 | 16 | 31 | |
| Operating Profit | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 1 | -1 | 1 | 3 | 16 |
| OPM % | 3% | 3% | 3% | 4% | 7% | 11% | 8% | 24% | -332% | 16% | 17% | 34% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 0 | -2 | 0 | 3 | 15 |
| Tax % | 0% | 25% | 0% | 18% | 36% | 29% | 25% | 38% | -1% | 15% | 26% | 30% |
| 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | -2 | 0 | 2 | 11 | |
| EPS in Rs | 10.00 | 30.00 | 0.89 | 1.78 | 9.33 | 1.47 | 1.23 | 0.13 | -1.84 | 0.16 | 2.01 | 9.56 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 34% |
| 5 Years: | 13% |
| 3 Years: | 385% |
| TTM: | 137% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 80% |
| 5 Years: | 54% |
| 3 Years: | 98% |
| TTM: | 439% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 148% |
| 3 Years: | 337% |
| 1 Year: | 34% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 12% |
| 3 Years: | 22% |
| Last Year: | 53% |
Balance Sheet
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0 | 0 | 0 | 0 | 0 | 7 | 10 | 10 | 10 | 10 | 10 | 11 |
| Reserves | 0 | 0 | 0 | 0 | 1 | 14 | 10 | 10 | 8 | 8 | 10 | 38 |
| 0 | 0 | 3 | 5 | 7 | 6 | 1 | 4 | 4 | 4 | 3 | 7 | |
| 0 | 1 | 1 | 2 | 2 | 4 | -0 | 0 | 0 | 6 | 8 | 39 | |
| Total Liabilities | 1 | 2 | 4 | 8 | 11 | 30 | 21 | 24 | 22 | 28 | 32 | 96 |
| 0 | 0 | 0 | 0 | 1 | 2 | 2 | 2 | 1 | 2 | 2 | 3 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 1 | 1 | 4 | 8 | 9 | 28 | 18 | 22 | 21 | 26 | 28 | 90 | |
| Total Assets | 1 | 2 | 4 | 8 | 11 | 30 | 21 | 24 | 22 | 28 | 32 | 96 |
Cash Flows
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -2 | -2 | -0 | -2 | -8 | -2 | 0 | 1 | 2 | -22 | |||
| -0 | 0 | -1 | -0 | -1 | 0 | 0 | -0 | -2 | -10 | |||
| 3 | 2 | 2 | 16 | -2 | -1 | -0 | -1 | 0 | 32 | |||
| Net Cash Flow | 0 | -0 | 0 | 13 | -10 | -3 | -0 | 0 | 0 | -0 |
Ratios
Figures in Rs. Crores
| 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 | 20 | 113 | 127 | 135 | 97 | 182 | 115 | 1,360 | 11,048 | 918 | 189 | |
| Inventory Days | 195 | 111 | 39 | 104 | 95 | 97 | 72 | 1,886 | 845 | 503 | ||
| Days Payable | 132 | 200 | 42 | 66 | 45 | 90 | 2 | 39 | 257 | 261 | ||
| Cash Conversion Cycle | 84 | 24 | 125 | 173 | 147 | 189 | 186 | 1,360 | 12,894 | 1,505 | 430 | |
| Working Capital Days | 24 | 18 | 117 | 158 | 132 | 207 | 224 | 2,278 | 18,197 | 1,192 | 338 | |
| ROCE % | 4% | 8% | 11% | 10% | 16% | 12% | 7% | 3% | -7% | 4% | 14% |
Documents
Announcements
- Board Meeting Outcome for Revised Outcome 12 Jul
-
Announcement under Regulation 30 (LODR)-Change in Directorate
18 Jun - APPOINTMENT OF ADDTIONAL DIRECTOR ( NON -EXECUTIVE & INDEPENDENT)
- Announcement under Regulation 30 (LODR)-Change in Registered Office Address 18 Jun
- Board Meeting Outcome for OUTCOME OF THE BOARD MEETING OF TAYLORMADE RENEWABLES LIMITED ('THE COMPANY') HELD ON TODAY I.E. TUESDAY, JUNE 18TH, 2024 18 Jun
- INTIMATION OF PILOT PLANT TRIAL RUN AND CASE STADY - COCA - COLA BBD STREAMS & RO REJECT STREAM AND SABIC, SAUDI ARABIA 12 Jun
Annual reports
Concalls
-
Mar 2024TranscriptNotesPPT
Business Overview:[1][2][3]
Company is an SME which does manufacturing of Solar Parabolic Concentrating Systems for steam generation used in steam cooking and other industrial application, direct or in-direct heating, including solar air-conditioning, and solar space heating, solar drying, solar waste water evaporation and many more applications requiring thermal energy. Company does manufacturing of components and carries out Engineering, Procurement, and Construction work for renewable energy and solar thermal applications, primarily parabolic concentrators. Company also manufactures bio-mass cook stoves, Eco Chullas, CPC collectors for thermal, box cookers, dish cookers, solar CPC, PV cells and modules from Linuo-Ritter, Solar Dryers, etc.