Taylormade Renewables Ltd

Taylormade Renewables Ltd

₹ 495 4.99%
18 Apr - close price
About

Incorporated in 2010, Taylormade Renewables Ltd is in the business of providing renewable energy solutions[1]

Key Points

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.

  • Market Cap 549 Cr.
  • Current Price 495
  • High / Low 856 / 281
  • Stock P/E 55.2
  • Book Value 37.7
  • Dividend Yield 0.00 %
  • ROCE 13.7 %
  • ROE 10.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 13.2 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%
  • Company has a low return on equity of 0.53% over last 3 years.
  • Company has high debtors of 189 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.

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Half Yearly Results

Figures in Rs. Crores

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
2.49 1.01 0.01 0.40 0.44 5.63 7.54 12.25 26.11
1.98 0.69 0.21 1.56 1.77 3.17 7.16 9.31 16.40
Operating Profit 0.51 0.32 -0.20 -1.16 -1.33 2.46 0.38 2.94 9.71
OPM % 20.48% 31.68% -2,000.00% -290.00% -302.27% 43.69% 5.04% 24.00% 37.19%
0.03 0.05 0.00 0.02 0.00 0.01 0.00 0.01 0.01
Interest 0.15 0.27 0.24 0.03 0.24 0.59 0.19 0.26 0.25
Depreciation 0.14 0.14 0.14 0.07 0.03 0.09 0.10 0.13 0.17
Profit before tax 0.25 -0.04 -0.58 -1.24 -1.60 1.79 0.09 2.56 9.30
Tax % 40.00% 75.00% 3.45% 0.00% 0.00% 1.68% 22.22% 25.78% 13.33%
0.14 -0.01 -0.56 -1.25 -1.60 1.76 0.07 1.90 8.05
EPS in Rs 0.14 -0.01 -0.57 -1.27 -1.63 1.79 0.07 1.93 7.33
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
0.92 1.07 2.45 8.40 12.09 18.17 19.65 25.22 3.49 0.41 6.07 19.79 38.36
0.88 1.04 2.38 8.12 11.58 16.90 17.45 23.28 2.67 1.77 5.08 16.47 25.71
Operating Profit 0.04 0.03 0.07 0.28 0.51 1.27 2.20 1.94 0.82 -1.36 0.99 3.32 12.65
OPM % 4.35% 2.80% 2.86% 3.33% 4.22% 6.99% 11.20% 7.69% 23.50% -331.71% 16.31% 16.78% 32.98%
0.01 0.02 0.00 0.01 0.02 0.02 0.02 0.04 0.09 0.02 0.01 0.02 0.02
Interest 0.00 0.00 0.00 0.16 0.34 0.50 0.70 0.11 0.42 0.27 0.63 0.46 0.51
Depreciation 0.03 0.03 0.03 0.08 0.08 0.13 0.16 0.25 0.28 0.22 0.17 0.23 0.30
Profit before tax 0.02 0.02 0.04 0.05 0.11 0.66 1.36 1.62 0.21 -1.83 0.20 2.65 11.86
Tax % 0.00% 0.00% 25.00% 0.00% 18.18% 36.36% 28.68% 25.31% 38.10% 0.55% 15.00% 25.66%
0.01 0.01 0.03 0.04 0.08 0.42 0.97 1.21 0.13 -1.81 0.16 1.97 9.95
EPS in Rs 10.00 10.00 30.00 0.89 1.78 9.33 1.47 1.23 0.13 -1.84 0.16 2.01 9.26
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 34%
5 Years: 0%
3 Years: 78%
TTM: 191%
Compounded Profit Growth
10 Years: 70%
5 Years: 15%
3 Years: 147%
TTM: 444%
Stock Price CAGR
10 Years: %
5 Years: 111%
3 Years: 317%
1 Year: 76%
Return on Equity
10 Years: 3%
5 Years: 2%
3 Years: 1%
Last Year: 10%

Balance Sheet

Figures in Rs. Crores

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 0.01 0.01 0.01 0.45 0.45 0.45 6.58 9.82 9.82 9.82 9.82 9.82 10.99
Reserves 0.01 0.02 0.04 0.08 0.16 0.58 13.96 9.86 9.98 8.17 8.34 10.31 30.40
0.50 0.44 0.43 2.88 5.23 7.26 5.86 0.97 3.94 4.10 3.71 3.33 0.91
0.50 0.46 1.17 1.01 2.07 2.30 3.74 -0.01 0.17 0.18 6.43 8.14 11.57
Total Liabilities 1.02 0.93 1.65 4.42 7.91 10.59 30.14 20.64 23.91 22.27 28.30 31.60 53.87
0.24 0.21 0.29 0.42 0.34 1.49 1.75 1.95 1.67 1.45 1.68 1.70 3.34
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.52 0.60
Investments 0.11 0.00 0.00 0.00 0.00 0.00 0.10 0.21 0.21 0.12 0.23 0.25 0.35
0.67 0.72 1.36 4.00 7.57 9.10 28.29 18.48 22.03 20.70 26.39 28.13 49.58
Total Assets 1.02 0.93 1.65 4.42 7.91 10.59 30.14 20.64 23.91 22.27 28.30 31.60 53.87

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.00 -2.34 -2.05 -0.26 -2.42 -7.74 -1.57 0.14 1.16 2.06
0.00 -0.21 0.02 -1.26 -0.36 -0.53 0.09 0.12 -0.50 -1.79
0.00 2.73 2.01 1.53 16.19 -2.21 -1.39 -0.27 -0.62 0.03
Net Cash Flow 0.00 0.18 -0.02 0.01 13.40 -10.48 -2.87 -0.01 0.04 0.31

Ratios

Figures in Rs. Crores

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 91.25 20.47 113.22 126.88 134.95 96.62 181.85 115.20 1,359.60 11,047.93 917.61 188.86
Inventory Days 858.82 195.23 110.80 39.37 104.07 95.31 97.35 72.34 1,885.83 844.95 502.67
Days Payable 386.47 131.57 199.88 41.62 65.81 45.35 89.86 1.90 39.36 257.16 261.05
Cash Conversion Cycle 563.60 84.13 24.15 124.63 173.21 146.58 189.34 185.65 1,359.60 12,894.40 1,505.40 430.48
Working Capital Days 63.48 23.88 17.88 117.32 158.20 131.98 206.93 224.18 2,277.85 18,196.59 1,192.41 338.07
ROCE % 5.00% 4.04% 8.42% 10.80% 9.73% 16.42% 11.88% 7.35% 2.84% -6.90% 3.78% 13.72%

Shareholding Pattern

Numbers in percentages

Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023May 2023Sep 2023Mar 2024
59.36% 59.36% 59.88% 60.17% 60.21% 60.21% 60.21% 62.69% 63.02% 65.48% 63.09% 61.75%
40.64% 40.64% 40.12% 39.83% 39.79% 39.79% 39.79% 37.31% 36.98% 34.51% 36.93% 38.25%
No. of Shareholders 10089908887871011141672433972,024

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