TGV Sraac Ltd
Incorporated in 1981, TGV SRAAC Ltd is a flagship company of the TGV Group. It manufactures Chlor-Alkali products, Castor Derivatives and Fatty Acids[1]
- Market Cap ₹ 1,047 Cr.
- Current Price ₹ 97.8
- High / Low ₹ 133 / 80.8
- Stock P/E 15.0
- Book Value ₹ 101
- Dividend Yield 1.02 %
- ROCE 38.0 %
- ROE 40.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.96 times its book value
- Company has delivered good profit growth of 64.9% CAGR over last 5 years
Cons
* 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: Chemicals Industry: Chlor Alkali / Soda Ash
Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
782 | 817 | 769 | 777 | 816 | 908 | 1,046 | 1,205 | 1,040 | 1,009 | 1,525 | 2,326 | 1,707 | |
681 | 695 | 670 | 669 | 710 | 776 | 866 | 974 | 884 | 860 | 1,219 | 1,786 | 1,521 | |
Operating Profit | 101 | 121 | 99 | 108 | 107 | 132 | 180 | 231 | 157 | 149 | 306 | 539 | 185 |
OPM % | 13% | 15% | 13% | 14% | 13% | 15% | 17% | 19% | 15% | 15% | 20% | 23% | 11% |
5 | 4 | -19 | 0 | 5 | 9 | 7 | -6 | 8 | 10 | 7 | 6 | 36 | |
Interest | 42 | 45 | 40 | 40 | 44 | 60 | 58 | 71 | 44 | 48 | 35 | 30 | 25 |
Depreciation | 37 | 41 | 36 | 36 | 35 | 47 | 77 | 58 | 56 | 63 | 69 | 74 | 81 |
Profit before tax | 28 | 40 | 4 | 32 | 33 | 34 | 53 | 95 | 64 | 48 | 209 | 442 | 115 |
Tax % | 50% | 6% | -11% | 30% | 26% | 52% | 44% | 28% | 26% | 40% | 36% | 18% | |
14 | 38 | 5 | 22 | 24 | 17 | 30 | 68 | 47 | 29 | 134 | 362 | 85 | |
EPS in Rs | 5.31 | 0.64 | 2.81 | 2.95 | 1.90 | 3.22 | 7.08 | 4.65 | 2.70 | 12.53 | 33.77 | 7.95 | |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 3% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 17% |
3 Years: | 31% |
TTM: | -27% |
Compounded Profit Growth | |
---|---|
10 Years: | 25% |
5 Years: | 65% |
3 Years: | 97% |
TTM: | -82% |
Stock Price CAGR | |
---|---|
10 Years: | 28% |
5 Years: | 19% |
3 Years: | 47% |
1 Year: | -12% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 21% |
3 Years: | 24% |
Last Year: | 40% |
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 | 68 | 71 | 75 | 79 | 83 | 87 | 92 | 97 | 102 | 107 | 107 | 107 | 107 |
Reserves | 135 | 172 | 177 | 199 | 227 | 258 | 290 | 373 | 430 | 503 | 636 | 939 | 979 |
Preference Capital | 19 | 19 | 19 | 19 | 19 | 19 | 0 | 0 | 0 | 0 | 0 | 0 | |
385 | 322 | 313 | 327 | 432 | 457 | 439 | 328 | 420 | 499 | 461 | 234 | 238 | |
207 | 212 | 231 | 213 | 230 | 276 | 269 | 298 | 323 | 344 | 393 | 403 | 360 | |
Total Liabilities | 794 | 777 | 796 | 818 | 972 | 1,078 | 1,091 | 1,095 | 1,275 | 1,453 | 1,598 | 1,683 | 1,684 |
460 | 456 | 431 | 444 | 660 | 698 | 669 | 636 | 808 | 774 | 902 | 1,042 | 1,023 | |
CWIP | 53 | 70 | 126 | 124 | 0 | 0 | 13 | 77 | 29 | 125 | 55 | 11 | 53 |
Investments | 2 | 2 | 2 | 2 | 2 | 9 | 14 | 10 | 8 | 89 | 89 | 31 | 36 |
279 | 250 | 237 | 248 | 309 | 371 | 394 | 373 | 430 | 465 | 551 | 600 | 572 | |
Total Assets | 794 | 777 | 796 | 818 | 972 | 1,078 | 1,091 | 1,095 | 1,275 | 1,453 | 1,598 | 1,683 | 1,684 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
105 | 27 | 78 | 65 | 50 | 142 | 153 | 202 | 122 | 132 | 168 | 429 | |
-67 | -53 | -75 | -52 | -132 | -109 | -75 | -55 | -188 | -163 | -147 | -169 | |
-2 | -3 | -12 | -2 | 91 | -33 | -76 | -145 | 65 | 58 | -38 | -255 | |
Net Cash Flow | 36 | -29 | -9 | 11 | 9 | -0 | 2 | 2 | -0 | 26 | -18 | 5 |
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 | 31 | 27 | 25 | 25 | 29 | 30 | 37 | 30 | 29 | 36 | 56 | 36 |
Inventory Days | 71 | 60 | 77 | 50 | 82 | 79 | 89 | 125 | 167 | 126 | 101 | 90 |
Days Payable | 66 | 74 | 93 | 65 | 77 | 98 | 80 | 67 | 73 | 81 | 66 | 42 |
Cash Conversion Cycle | 36 | 13 | 8 | 10 | 34 | 11 | 45 | 89 | 123 | 81 | 90 | 84 |
Working Capital Days | 16 | 3 | -9 | -1 | 21 | 7 | 11 | 35 | 46 | 37 | 61 | 40 |
ROCE % | 12% | 14% | 12% | 13% | 11% | 12% | 13% | 22% | 12% | 9% | 21% | 38% |
Documents
Announcements
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Certificate Issued Under Reg.40(9) Of SEBI (LODR) Reg, 2015
20 Apr - Submission of Certificate issued by PCS in terms of Reg.40(9) of SEBI (LODR) 2015 for the year ended 31.03.2024.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 20 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 16 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 15 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 12 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Product Profile:[1]
Company's operations are divided into 3 segments viz. Chemicals Division, Oils and Fats Division and Power Division.
a) Castor Derivatives:[2] Hydrogenated Castor Oil, 12-Hydroxy Stearic Acid, Ricinoleic Acid, Refined Castor Oil, Methyl, etc.
b) Chlor-Alkali Products:[3] Caustic Soda, Liquid Chlorine, Hydrochloric Acid, Caustic Potash, Sodium Hypochlorite (Liquid), Barium Sulphate (Precipitated powder), Hydrogen Gas, Potassium Carbonate
c) Fatty Acids:[4] Stearic Acid, Soap Noodles, Glycerine (Refined
/ Chemically Pure), Hydrogenated Palm Stearin
d) Chloromethanes:[5] Methyl Chloride, Methylene Chloride, Chloroform, Carbon Tetra Chloride
e) Toilet Soap:[6] Royal Saffron Sandal, Cool Lime, Royal HE-MAN, Baby Doctor, Royal Rose
f) Power Projects:[7][8]
Company has established power generation for captive use and for commercial purposes. There are no commercial operations at Bellary Power Plant due to expiry of Power Purchase Agreement (PPA) by KPTCL. Company is looking out for other viable options including its sale or relocation of the Plant