Tainwala Chemicals & Plastics (India) Ltd
Incorporated in 1985, Tainwala Chemicals
& Plastics Ltd does manufacturing of plastic sheets and trading of commodity and share[1]
- Market Cap ₹ 127 Cr.
- Current Price ₹ 135
- High / Low ₹ 167 / 104
- Stock P/E 52.1
- Book Value ₹ 118
- Dividend Yield 0.00 %
- ROCE 2.74 %
- ROE 2.17 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 1.12 times its book value
- Debtor days have improved from 59.4 to 18.2 days.
- Company's working capital requirements have reduced from 196 days to 93.3 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 2.25% over past five years.
- Company has a low return on equity of -0.88% over last 3 years.
- Earnings include an other income of Rs.8.26 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: Plastic products Industry: Plastics Products
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
10.46 | 9.63 | 8.27 | 9.73 | 9.44 | 5.73 | 11.48 | 11.53 | 10.58 | 6.47 | 7.72 | 12.83 | 25.38 | |
11.82 | 10.40 | 8.91 | 10.73 | 11.85 | 8.11 | 14.37 | 14.93 | 12.56 | 8.90 | 11.43 | 18.26 | 29.66 | |
Operating Profit | -1.36 | -0.77 | -0.64 | -1.00 | -2.41 | -2.38 | -2.89 | -3.40 | -1.98 | -2.43 | -3.71 | -5.43 | -4.28 |
OPM % | -13.00% | -8.00% | -7.74% | -10.28% | -25.53% | -41.54% | -25.17% | -29.49% | -18.71% | -37.56% | -48.06% | -42.32% | -16.86% |
2.34 | 2.14 | 1.73 | 3.88 | 6.89 | 9.74 | 9.69 | 5.64 | 6.86 | 2.62 | 4.81 | 9.77 | 8.26 | |
Interest | 0.03 | 0.02 | 0.02 | 0.02 | 0.10 | 0.08 | 0.04 | 0.04 | 0.03 | 0.04 | 0.35 | 0.01 | 0.02 |
Depreciation | 0.69 | 0.76 | 0.71 | 0.76 | 0.52 | 0.54 | 0.39 | 0.41 | 0.50 | 0.48 | 0.38 | 0.44 | 0.47 |
Profit before tax | 0.26 | 0.59 | 0.36 | 2.10 | 3.86 | 6.74 | 6.37 | 1.79 | 4.35 | -0.33 | 0.37 | 3.89 | 3.49 |
Tax % | 0.00% | 0.00% | 16.67% | 3.33% | 0.26% | 0.00% | 0.00% | -15.08% | 0.46% | 0.00% | 0.00% | 15.68% | |
0.26 | 0.59 | 0.30 | 2.03 | 3.86 | 6.74 | 6.37 | 2.05 | 4.34 | -0.32 | 0.37 | 3.28 | 2.43 | |
EPS in Rs | 0.28 | 0.63 | 0.32 | 2.17 | 4.12 | 7.20 | 6.80 | 2.19 | 4.63 | -0.34 | 0.40 | 3.50 | 2.60 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 2% |
3 Years: | 7% |
TTM: | 346% |
Compounded Profit Growth | |
---|---|
10 Years: | 21% |
5 Years: | -19% |
3 Years: | -21% |
TTM: | -52% |
Stock Price CAGR | |
---|---|
10 Years: | 21% |
5 Years: | 17% |
3 Years: | 32% |
1 Year: | 18% |
Return on Equity | |
---|---|
10 Years: | 3% |
5 Years: | 1% |
3 Years: | -1% |
Last Year: | 2% |
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 | 9.36 | 9.36 | 9.36 | 9.36 | 9.36 | 9.36 | 9.36 | 9.36 | 9.36 | 9.36 | 9.36 | 9.36 | 9.36 |
Reserves | 28.81 | 29.41 | 29.71 | 31.21 | 35.07 | 57.96 | 66.09 | 67.61 | 76.42 | 88.59 | 80.88 | 89.36 | 100.93 |
0.00 | 0.00 | 0.00 | 0.00 | 0.80 | 0.36 | 0.18 | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | |
1.43 | 1.06 | 1.26 | 1.55 | 1.35 | 1.71 | 1.66 | 2.45 | 2.95 | 2.36 | 1.31 | 0.72 | 5.23 | |
Total Liabilities | 39.60 | 39.83 | 40.33 | 42.12 | 46.58 | 69.39 | 77.29 | 79.42 | 88.77 | 100.31 | 91.55 | 99.44 | 115.52 |
5.27 | 4.65 | 3.99 | 2.71 | 3.30 | 3.24 | 2.94 | 3.11 | 2.70 | 2.72 | 2.94 | 3.58 | 3.34 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Investments | 18.59 | 16.48 | 19.52 | 20.73 | 25.08 | 46.69 | 52.61 | 53.55 | 62.82 | 80.70 | 74.38 | 88.76 | 102.31 |
15.74 | 18.70 | 16.82 | 18.68 | 18.20 | 19.46 | 21.74 | 22.76 | 23.25 | 16.89 | 14.23 | 7.10 | 9.87 | |
Total Assets | 39.60 | 39.83 | 40.33 | 42.12 | 46.58 | 69.39 | 77.29 | 79.42 | 88.77 | 100.31 | 91.55 | 99.44 | 115.52 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.22 | 2.04 | 0.03 | -1.57 | -5.61 | -0.37 | -3.44 | -2.40 | -7.43 | 3.66 | -2.09 | -5.54 | |
-1.93 | 3.04 | -4.05 | 1.22 | 4.18 | 1.08 | 4.82 | 3.77 | 4.77 | -3.01 | 2.32 | 5.45 | |
-0.02 | -0.02 | -0.01 | -0.01 | 0.70 | -0.51 | -0.23 | -0.04 | -0.08 | -0.04 | -0.35 | -0.01 | |
Net Cash Flow | -1.73 | 5.06 | -4.03 | -0.37 | -0.73 | 0.20 | 1.16 | 1.33 | -2.74 | 0.61 | -0.12 | -0.10 |
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 | 52.34 | 27.29 | 24.72 | 88.91 | 103.24 | 70.07 | 52.14 | 20.58 | 85.90 | 135.39 | 24.59 | 18.21 |
Inventory Days | 215.64 | 197.67 | 261.55 | 139.70 | 168.06 | 394.27 | 167.16 | 208.52 | 179.74 | 280.66 | 239.23 | 73.92 |
Days Payable | 21.95 | 9.61 | 11.71 | 27.28 | 19.41 | 72.35 | 32.09 | 55.65 | 83.09 | 97.47 | 18.80 | 4.60 |
Cash Conversion Cycle | 246.03 | 215.35 | 274.56 | 201.32 | 251.89 | 391.99 | 187.21 | 173.44 | 182.56 | 318.59 | 245.01 | 87.53 |
Working Capital Days | 303.24 | 171.32 | 185.37 | 174.81 | 281.48 | 348.44 | 211.43 | 218.11 | 178.36 | 306.89 | 189.12 | 93.31 |
ROCE % | 0.73% | 0.86% | 0.39% | 3.94% | 8.28% | 11.16% | 8.49% | 1.77% | 5.25% | -1.26% | -3.17% | 2.74% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17h
- 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 16 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 13 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - In Compliance with Regulation 74(5) of SEBI (Depository and Participants) Regulations, 2018, we furnish herewith the certificate dated 3rd April, 2024 issued by Link Intime …
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 2011
from nse
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Financial Year 2010
from bse
Business Overview:[1][2]
TCPL is a flagship company of Tainwala Group. It does manufacturing of extruded plastic sheets of various polymers like PVC, PP, PPGL, HDPE, ABS etc. from 0.5 mm to 30 mm thickness. Company had technical collaboration with Cincinnati Milacron in Austria for manufacturing PVC Sheets, and Amut Spa in Italy for expansion of its plastic sheet extrusion business. These sheets are very good substitutes for conventional materials like wood, metal etc. due to its advantages of being tough, light and anti-corrosive.