TGV Sraac Ltd

TGV Sraac Ltd

₹ 90.1 -1.86%
24 Jun - close price
About

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]

Key Points

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

  • Market Cap 965 Cr.
  • Current Price 90.1
  • High / Low 133 / 74.2
  • Stock P/E 30.2
  • Book Value 102
  • Dividend Yield 1.11 %
  • ROCE 5.01 %
  • ROE 2.98 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.88 times its book value

Cons

  • Earnings include an other income of Rs.57.8 Cr.

* 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

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
254.36 250.68 304.65 435.58 534.41 596.07 609.16 591.66 528.84 415.39 360.35 402.21 368.00
224.04 211.31 255.63 341.43 405.03 419.46 452.52 448.53 462.26 367.69 333.13 358.29 354.09
Operating Profit 30.32 39.37 49.02 94.15 129.38 176.61 156.64 143.13 66.58 47.70 27.22 43.92 13.91
OPM % 11.92% 15.71% 16.09% 21.61% 24.21% 29.63% 25.71% 24.19% 12.59% 11.48% 7.55% 10.92% 3.78%
5.11 1.29 1.22 1.05 3.25 0.86 1.43 1.07 2.91 4.64 24.19 3.91 25.10
Interest 10.44 9.23 10.71 13.06 8.12 7.18 12.51 5.29 8.92 5.04 5.34 5.95 7.36
Depreciation 15.93 15.85 16.51 17.90 18.36 17.78 18.17 18.60 19.08 20.09 20.65 21.08 21.68
Profit before tax 9.06 15.58 23.02 64.24 106.15 152.51 127.39 120.31 41.49 27.21 25.42 20.80 9.97
Tax % 73.84% 37.36% 36.36% 35.62% 35.56% 3.13% 25.73% 27.16% 23.74% 27.42% 26.83% 26.88% 28.08%
2.37 9.76 14.65 41.36 68.40 147.74 94.61 87.63 31.64 19.75 18.60 15.21 7.17
EPS in Rs 0.22 0.91 1.37 3.86 6.39 13.80 8.83 8.18 2.95 1.84 1.74 1.42 0.67
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
817 769 777 816 908 1,046 1,205 1,040 1,009 1,525 2,326 1,546
695 670 669 710 776 866 974 884 860 1,219 1,786 1,413
Operating Profit 121 99 108 107 132 180 231 157 149 306 539 133
OPM % 15% 13% 14% 13% 15% 17% 19% 15% 15% 20% 23% 9%
4 -19 0 5 9 7 -6 8 10 7 6 58
Interest 45 40 40 44 60 58 71 44 48 35 30 24
Depreciation 41 36 36 35 47 77 58 56 63 69 74 84
Profit before tax 40 4 32 33 34 53 95 64 48 209 442 83
Tax % 6% -11% 30% 26% 52% 44% 28% 26% 40% 36% 18% 27%
38 5 22 24 17 30 68 47 29 134 362 61
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 5.67
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 3% 18%
Compounded Sales Growth
10 Years: 7%
5 Years: 5%
3 Years: 15%
TTM: -34%
Compounded Profit Growth
10 Years: 6%
5 Years: -16%
3 Years: 3%
TTM: -91%
Stock Price CAGR
10 Years: 24%
5 Years: 24%
3 Years: 44%
1 Year: -10%
Return on Equity
10 Years: 14%
5 Years: 16%
3 Years: 20%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 71 75 79 83 87 92 97 102 107 107 107 107
Reserves 172 177 199 227 258 290 373 430 503 636 939 989
Preference Capital 19 19 19 19 19 0 0 0 0 0 0
322 313 327 432 457 439 328 420 499 461 234 319
212 231 213 230 276 269 298 323 344 393 403 377
Total Liabilities 777 796 818 972 1,078 1,091 1,095 1,275 1,453 1,598 1,683 1,792
456 431 444 660 698 669 636 808 774 902 1,042 1,048
CWIP 70 126 124 0 0 13 77 29 125 55 11 168
Investments 2 2 2 2 9 14 10 8 89 89 31 33
250 237 248 309 371 394 373 430 465 551 600 542
Total Assets 777 796 818 972 1,078 1,091 1,095 1,275 1,453 1,598 1,683 1,792

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
27 78 65 50 142 153 202 122 132 168 429 164
-53 -75 -52 -132 -109 -75 -55 -188 -163 -147 -169 -223
-3 -12 -2 91 -33 -76 -145 65 58 -38 -255 49
Net Cash Flow -29 -9 11 9 -0 2 2 -0 26 -18 5 -9

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 27 25 25 29 30 37 30 29 36 56 36 44
Inventory Days 60 77 50 82 79 89 125 167 126 101 90 93
Days Payable 74 93 65 77 98 80 67 73 81 66 42 35
Cash Conversion Cycle 13 8 10 34 11 45 89 123 81 90 84 102
Working Capital Days 3 -9 -1 21 7 11 35 46 37 61 40 54
ROCE % 14% 12% 13% 11% 12% 13% 22% 12% 9% 21% 38%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
63.18% 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% 1.28% 1.10% 1.05% 0.72% 0.13% 0.00% 0.00%
0.29% 0.27% 0.24% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
36.54% 36.56% 36.58% 36.80% 36.80% 35.51% 35.70% 35.75% 36.08% 36.67% 36.80% 36.81%
No. of Shareholders 33,62333,17733,46034,03536,61542,11343,83546,34850,27159,44160,98662,441

* 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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