PTL Enterprises Ltd

PTL Enterprises Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

PTL Enterprises Ltd

₹ 42.5 -0.58%
25 Apr 3:42 p.m.
ptlenterprise.com BSE: 509220 NSE : PTL
About

Incorporated in 1959, PTL Enterprises Ltd became an associate company of Apollo Tyres Ltd (ATL) in 1995, when the tyres and tubes manufacturing facility of Premier Tyres in Kalamassery, Kerala was acquired by Apollo. This facility began commercial production in September 1962 and currently the plant is leased to Apollo tyres on a long-term basis.[1]

Key Points

Operating segment The Company's only operating segment is Income from the lease of the plant to Apollo Tyres Limited. It received 60 crores in lease rentals from Apollo Tyres during FY22. The facility is utilised by Appolo tyres to manufacture truck and bus tyres which are sold under the brand name ''Apollo'' [1][2]

Website BSE NSE
  • Market Cap ₹ 563 Cr.
  • Current Price ₹ 42.5
  • High / Low ₹ 54.1 / 32.0
  • Stock P/E 27.5
  • Book Value ₹ 55.6
  • Dividend Yield 4.12 %
  • ROCE 8.83 %
  • ROE 3.63 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.78 times its book value
  • Stock is providing a good dividend yield of 4.11%.
  • Company has been maintaining a healthy dividend payout of 75.7%

Cons

  • The company has delivered a poor sales growth of 1.32% over past five years.
  • Company has a low return on equity of 5.84% over last 3 years.

* 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
15.81 15.79 15.80 15.81 15.81 15.79 16.08 16.09 16.09 16.07 16.08 16.09 16.09
1.46 1.25 1.45 1.41 1.54 1.87 1.59 1.59 1.53 1.69 4.26 1.47 1.49
Operating Profit 14.35 14.54 14.35 14.40 14.27 13.92 14.49 14.50 14.56 14.38 11.82 14.62 14.60
OPM % 90.77% 92.08% 90.82% 91.08% 90.26% 88.16% 90.11% 90.12% 90.49% 89.48% 73.51% 90.86% 90.74%
0.38 0.50 0.15 3.83 0.13 0.13 0.26 3.74 0.06 0.13 0.18 5.04 0.16
Interest 2.03 2.00 1.91 1.85 1.83 1.73 1.73 1.95 1.78 1.27 1.43 1.41 1.49
Depreciation 0.38 0.47 0.39 0.46 0.47 0.49 0.49 0.51 0.52 0.53 0.52 0.53 0.52
Profit before tax 12.32 12.57 12.20 15.92 12.10 11.83 12.53 15.78 12.32 12.71 10.05 17.72 12.75
Tax % 28.41% 28.08% 28.11% 24.25% 27.02% 71.85% 52.35% 43.66% 51.62% 80.57% 74.43% 42.83% 58.43%
8.81 9.04 8.77 12.06 8.83 3.33 5.96 8.89 5.96 2.47 2.57 10.13 5.29
EPS in Rs 0.67 0.68 0.66 0.91 0.67 0.25 0.45 0.67 0.45 0.19 0.19 0.77 0.40
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
40 40 40 40 46 53 60 63 63 63 63 64 64
2 5 5 9 4 5 4 5 5 6 6 6 9
Operating Profit 38 35 35 31 42 48 57 58 58 57 57 58 55
OPM % 94% 88% 88% 77% 91% 91% 94% 93% 91% 91% 90% 90% 86%
1 2 1 2 1 2 11 3 4 37 4 4 6
Interest 12 12 9 8 5 3 6 2 2 7 7 7 6
Depreciation 0 1 1 1 1 1 1 1 1 2 2 2 2
Profit before tax 27 25 27 23 38 47 61 58 58 86 52 53 53
Tax % 34% 33% 34% 35% 36% 35% 24% 32% 24% 18% 37% 56%
17 17 18 15 24 30 46 40 44 70 33 23 20
EPS in Rs 1.32 1.27 1.33 1.14 1.83 2.29 3.46 3.01 3.32 5.29 2.49 1.76 1.55
Dividend Payout % 38% 39% 38% 44% 27% 27% 29% 42% 38% 47% 80% 100%
Compounded Sales Growth
10 Years: 5%
5 Years: 1%
3 Years: 1%
TTM: 0%
Compounded Profit Growth
10 Years: 4%
5 Years: -13%
3 Years: -19%
TTM: -15%
Stock Price CAGR
10 Years: 23%
5 Years: 16%
3 Years: 34%
1 Year: 32%
Return on Equity
10 Years: 7%
5 Years: 7%
3 Years: 6%
Last Year: 4%

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 13 13 13 13 13 13 13 13 13 13 13 13 13
Reserves 49 58 68 75 668 423 459 475 434 582 569 686 722
76 76 59 49 0 0 0 0 0 48 49 28 24
56 57 76 81 96 195 198 203 201 215 210 238 252
Total Liabilities 194 203 217 218 777 630 670 691 648 858 841 966 1,012
12 17 16 16 593 599 595 594 600 610 612 612 611
CWIP 1 1 1 1 3 0 0 3 4 0 1 0 0
Investments 158 158 158 158 160 0 43 77 27 186 202 344 396
22 27 41 42 21 31 33 18 17 63 27 10 5
Total Assets 194 203 217 218 777 630 670 691 648 858 841 966 1,012

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
66 20 32 26 65 25 48 42 46 40 41 43
-48 -4 -0 0 -5 -6 -35 -43 -7 -68 -14 4
-18 -20 -33 -26 -62 -5 -10 -16 -40 28 -20 -52
Net Cash Flow 1 -3 -1 0 -2 14 2 -17 -0 -0 6 -5

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 0 3 1 1 0 0 0 0 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 3 1 1 0 0 0 0 0 0 0 0
Working Capital Days -382 -430 -232 -269 -131 -32 -81 -95 -107 -91 -130 -199
ROCE % 29% 25% 25% 22% 10% 9% 15% 12% 13% 12% 9% 9%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.82% 69.82% 69.82% 69.82% 69.82% 69.82% 69.82% 69.82% 69.82% 69.82% 69.82% 69.82%
0.00% 0.03% 0.17% 0.09% 0.09% 0.06% 0.00% 0.00% 0.00% 0.04% 0.08% 0.00%
0.91% 0.91% 0.90% 0.91% 0.91% 0.91% 0.91% 0.91% 0.91% 0.91% 0.91% 0.91%
7.37% 7.37% 7.37% 7.37% 7.37% 7.37% 7.37% 7.37% 7.37% 7.37% 7.37% 7.37%
21.90% 21.87% 21.74% 21.81% 21.82% 21.84% 21.89% 21.91% 21.91% 21.87% 21.83% 21.90%
No. of Shareholders 17,24919,09928,05347,81748,85747,22045,59345,38043,13943,29143,06548,098

* 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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Documents

Announcements

Annual reports