PTL Enterprises Ltd

About [ edit ]

PTL Enterprises is engaged in the tyres manufacturing facility of PTL at Kalamassery, Kerala.(Source : 201903 Annual Report Page No: 90)

  • Market Cap 296 Cr.
  • Current Price 44.8
  • High / Low 51.4 / 23.0
  • Stock P/E 6.19
  • Book Value 76.9
  • Dividend Yield 5.59 %
  • ROCE 12.7 %
  • ROE 9.30 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Stock is trading at 0.58 times its book value
  • Stock is providing a good dividend yield of 5.59%.
  • Company has been maintaining a healthy dividend payout of 36.03%

Cons

  • The company has delivered a poor growth of 9.59% over past five years.
  • Company has a low return on equity of 9.20% for last 3 years.
  • Earnings include an other income of Rs.37.87 Cr.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
15.82 15.79 15.80 15.81 15.81 15.79 15.80 15.81 15.81 15.80 15.80 15.81
0.35 1.47 0.30 0.92 0.66 2.85 1.23 1.29 1.38 1.51 1.47 1.59
Operating Profit 15.47 14.32 15.50 14.89 15.15 12.94 14.57 14.52 14.43 14.29 14.33 14.22
OPM % 97.79% 90.69% 98.10% 94.18% 95.83% 81.95% 92.22% 91.84% 91.27% 90.44% 90.70% 89.94%
Other Income 3.65 3.38 0.16 2.51 0.20 0.05 0.38 1.16 0.82 1.21 34.91 0.93
Interest 1.65 1.65 0.46 0.48 0.49 0.49 0.51 0.53 0.54 0.54 0.93 2.07
Depreciation 0.30 0.28 0.31 0.30 0.30 0.30 0.30 0.30 0.31 0.33 0.38 0.37
Profit before tax 17.17 15.77 14.89 16.62 14.56 12.20 14.14 14.85 14.40 14.63 47.93 12.71
Tax % 32.32% 11.48% 29.15% 28.70% 30.22% 40.16% 29.42% 19.66% 25.42% 22.76% 10.04% 28.72%
Net Profit 11.62 13.96 10.56 11.84 10.16 7.30 9.98 11.92 10.74 11.29 43.13 9.06
EPS in Rs 1.76 2.11 1.60 1.79 1.53 1.10 1.51 1.80 1.62 1.71 6.52 1.37
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
0 0 40 40 40 40 40 46 53 60 63 63 63
32 2 6 2 5 5 9 4 5 4 5 5 6
Operating Profit -32 -2 34 38 35 35 31 42 48 57 58 58 57
OPM % 86% 94% 88% 88% 77% 91% 91% 94% 93% 91% 91%
Other Income 56 18 3 1 2 1 2 1 2 11 3 4 38
Interest 8 6 7 12 12 9 8 5 3 6 2 2 4
Depreciation 0 0 0 0 1 1 1 1 1 1 1 1 1
Profit before tax 17 10 30 27 25 27 23 38 47 61 58 58 90
Tax % 34% 69% 33% 34% 33% 34% 35% 36% 35% 24% 32% 24%
Net Profit 11 3 20 17 17 18 15 24 30 46 40 44 74
EPS in Rs 1.68 0.45 3.00 2.64 2.55 2.66 2.27 3.66 4.58 6.92 6.02 6.64 11.22
Dividend Payout % 24% 111% 33% 38% 39% 38% 44% 27% 27% 29% 42% 38%
Compounded Sales Growth
10 Years:%
5 Years:10%
3 Years:6%
TTM:0%
Compounded Profit Growth
10 Years:22%
5 Years:24%
3 Years:13%
TTM:22%
Stock Price CAGR
10 Years:16%
5 Years:4%
3 Years:-8%
1 Year:17%
Return on Equity
10 Years:10%
5 Years:8%
3 Years:9%
Last Year:9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
13 13 13 13 13 13 13 13 13 13 13 13 13
Reserves 28 27 39 49 58 68 75 668 423 459 475 434 496
Borrowings 53 50 74 76 76 59 49 0 0 0 0 0 47
44 44 55 56 57 76 81 96 195 198 203 201 212
Total Liabilities 138 134 181 194 203 217 218 777 630 670 691 648 769
7 7 7 12 17 16 16 593 599 595 594 600 599
CWIP 2 2 1 1 1 1 1 3 0 0 3 4 8
Investments 90 81 116 158 158 158 158 160 0 43 77 27 108
39 45 57 22 27 41 42 21 31 33 18 17 54
Total Assets 138 134 181 194 203 217 218 777 630 670 691 648 769

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
42 11 25 66 20 32 26 65 25 48 42 46
-31 -0 -35 -48 -4 -0 0 -5 -6 -35 -43 -7
-10 -13 14 -18 -20 -33 -26 -62 -5 -10 -16 -40
Net Cash Flow 1 -3 3 1 -3 -1 0 -2 14 2 -17 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 27% 28% 34% 29% 25% 25% 22% 10% 9% 15% 12% 13%
Debtor Days 0 0 3 1 1 0 0 0 0 0
Inventory Turnover 44.28 67.25 123.69 104.46 126.00 141.67 147.83 152.83 158.83 205.67 218.83 208.50

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
69.82 69.82 69.82 69.82 69.82 69.82 69.82 69.82 69.82 69.82 69.82 69.82
0.11 0.11 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.05 0.00
0.91 0.90 0.91 0.91 0.91 0.91 0.91 0.94 0.91 0.91 0.91 0.91
8.09 8.09 8.09 8.13 8.13 8.13 8.13 8.17 7.37 7.37 7.37 7.37
21.07 21.07 21.08 21.04 21.04 21.04 21.04 20.97 21.80 21.80 21.85 21.90

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