TGV Sraac Ltd

₹ 116 1.22%
27 Jan - close price
About

TGV Sraac Ltd is engaged in the production of chlor-alkali products, chloromethane, castor derivatives and fatty acids.[1]

It is the flagship company of TGV group which has presence in industries such as healthcare products, aqua culture, real estate, pharmaceuticals, industrial chemicals and hospitality. [2]

Key Points

Chemicals Segment (~87% of revenues)[1]
Under the segment, the company manufactures chemicals like caustic soda, (lye & flakes), potassium hydroxide, chlorine, hydro chloric acid, etc.[2]

  • Market Cap 1,240 Cr.
  • Current Price 116
  • High / Low 182 / 58.0
  • Stock P/E 3.52
  • Book Value 92.6
  • Dividend Yield 0.00 %
  • ROCE 22.4 %
  • ROE 19.8 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 51.8% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 10.9% over past five years.
  • Company has a low return on equity of 12.0% over last 3 years.
  • Debtor days have increased from 40.2 to 55.6 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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Quarterly Results

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
265 253 238 237 252 266 254 251 305 436 534 596 609
221 216 214 203 212 228 224 211 256 342 400 414 453
Operating Profit 44 38 24 33 40 37 30 39 49 94 134 182 157
OPM % 17% 15% 10% 14% 16% 14% 12% 16% 16% 22% 25% 31% 26%
1 3 2 2 2 2 5 1 1 1 3 1 1
Interest 10 9 9 10 10 9 10 9 11 13 13 13 13
Depreciation 14 14 15 16 16 16 16 16 17 18 18 18 18
Profit before tax 22 18 2 10 15 14 9 16 23 64 106 153 127
Tax % -21% 29% 528% 37% 30% 31% 74% 37% 36% 36% 36% 3% 26%
Net Profit 27 13 -10 6 11 10 2 10 15 41 68 148 95
EPS in Rs 2.75 1.34 -0.95 0.56 1.00 0.92 0.22 0.91 1.37 3.86 6.39 13.80 8.83
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
702 782 817 769 777 816 908 1,046 1,205 1,040 1,009 1,525 2,175
604 681 695 670 669 710 776 866 974 884 860 1,204 1,608
Operating Profit 99 101 121 99 108 107 132 180 231 157 149 322 567
OPM % 14% 13% 15% 13% 14% 13% 15% 17% 19% 15% 15% 21% 26%
5 5 4 -19 0 5 9 7 -6 8 10 7 7
Interest 42 42 45 40 40 44 60 58 71 44 48 51 51
Depreciation 34 37 41 36 36 35 47 77 58 56 63 69 72
Profit before tax 27 28 40 4 32 33 34 53 95 64 48 209 450
Tax % 50% 50% 6% -11% 30% 26% 52% 44% 28% 26% 40% 36%
Net Profit 14 14 38 5 22 24 17 30 68 47 29 134 352
EPS in Rs 5.31 0.64 2.81 2.95 1.90 3.22 7.08 4.65 2.70 12.53 32.88
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 11%
3 Years: 8%
TTM: 102%
Compounded Profit Growth
10 Years: 25%
5 Years: 52%
3 Years: 20%
TTM: 859%
Stock Price CAGR
10 Years: 28%
5 Years: 12%
3 Years: 70%
1 Year: 79%
Return on Equity
10 Years: 11%
5 Years: 12%
3 Years: 12%
Last Year: 20%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
86 86 90 94 98 102 106 92 97 102 107 107 107
Reserves 121 135 172 177 199 227 258 290 373 430 503 636 885
331 385 322 313 327 432 457 439 328 420 499 461 312
196 207 212 231 213 230 276 269 298 323 344 393 384
Total Liabilities 715 794 777 796 818 972 1,078 1,091 1,095 1,275 1,453 1,598 1,688
380 460 456 431 444 660 698 669 636 808 774 902 924
CWIP 103 53 70 126 124 0 0 13 77 29 125 55 60
Investments 2 2 2 2 2 2 9 14 10 8 89 89 117
231 279 250 237 248 309 371 394 373 430 465 551 587
Total Assets 715 794 777 796 818 972 1,078 1,091 1,095 1,275 1,453 1,598 1,688

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
133 105 27 78 65 50 142 153 202 122 132 213
-83 -67 -53 -75 -52 -132 -109 -75 -55 -188 -163 -147
-44 -2 -3 -12 -2 91 -33 -76 -145 65 58 -83
Net Cash Flow 7 36 -29 -9 11 9 -0 2 2 -0 26 -18

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 37 31 27 25 25 29 30 37 30 29 36 56
Inventory Days 61 71 60 77 50 82 79 89 125 167 126 101
Days Payable 68 66 74 93 65 77 98 80 67 73 81 66
Cash Conversion Cycle 30 36 13 8 10 34 11 45 89 123 81 90
Working Capital Days 18 16 3 -9 -1 21 7 11 35 46 37 54
ROCE % 14% 12% 14% 12% 13% 11% 12% 13% 22% 12% 9% 22%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
61.24 63.18 63.18 63.18 63.18 63.18 63.18 63.18 63.18 63.18 63.18 63.18
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.28 1.10
0.55 0.52 0.52 0.51 0.51 0.29 0.27 0.24 0.02 0.02 0.02 0.02
38.21 36.30 36.30 36.31 36.31 36.54 36.56 36.58 36.80 36.80 35.51 35.70

* 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.

Click on the line-items to see the names of individual entities.

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