Talwalkars Better value Fitness Ltd

About [ edit ]

Talwalkars Better value Fitness is engaged in the largest chain of health centers in India offering a diverse suite of services in fitness including gyms, spas, aerobics, yoga and health counseling.

  • Market Cap 4.50 Cr.
  • Current Price 1.45
  • High / Low 5.10 / 1.30
  • Stock P/E
  • Book Value 71.3
  • Dividend Yield 0.00 %
  • ROCE 6.05 %
  • ROE 4.33 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.02 times its book value
  • Company has been maintaining a healthy dividend payout of 32.82%
  • Debtor days have improved from 73.19 to 46.51 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -16.86% over past five years.
  • Company has a low return on equity of 8.06% for last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.13.28 Cr.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
88 50 16 9 17 13 19 12 18 23 46 3
36 27 6 2 6 4 7 6 7 14 35 10
Operating Profit 52 22 10 6 11 9 13 6 12 9 12 -7
OPM % 59% 45% 64% 72% 66% 68% 65% 54% 64% 39% 25% -226%
Other Income 1 1 0 0 -0 0 0 3 3 3 3 3
Interest 5 6 2 2 3 2 3 4 4 5 5 8
Depreciation 6 10 3 4 4 5 5 4 5 4 5 6
Profit before tax 42 7 5 0 4 1 6 1 6 3 5 -18
Tax % 31% 37% 45% 52% 24% -8% 23% 23% 22% 24% -27% 6%
Net Profit 29 5 3 0 3 2 4 1 5 3 6 -16
EPS in Rs 9.69 1.73 1.01 0.04 0.89 0.52 1.38 0.47 1.75 0.85 1.95 -5.04

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
92.85 119.67 144.81 187.27 225.66 251.37 49.35 57.53 90.46
52.61 65.39 71.57 93.86 99.56 107.23 18.26 18.65 65.57
Operating Profit 40.24 54.28 73.24 93.41 126.10 144.14 31.09 38.88 24.89
OPM % 43.34% 45.36% 50.58% 49.88% 55.88% 57.34% 63.00% 67.58% 27.51%
Other Income 1.80 1.94 1.31 1.05 0.85 6.73 0.33 0.55 13.28
Interest 8.87 9.13 11.47 12.66 14.35 18.34 8.15 10.64 22.27
Depreciation 8.96 11.77 14.65 24.18 39.73 47.00 12.62 17.87 19.30
Profit before tax 24.21 35.32 48.43 57.62 72.87 85.53 10.65 10.92 -3.40
Tax % 30.44% 29.45% 32.67% 30.96% 33.61% 35.26% 42.44% 19.60%
Net Profit 16.03 22.06 30.05 36.59 46.08 55.02 6.13 8.78 -1.48
EPS in Rs 6.65 9.15 11.47 13.97 17.59 18.53 2.06 2.83 -0.49
Dividend Payout % 15.05% 13.67% 13.07% 10.73% 8.52% 8.10% 72.70% 17.66%
Compounded Sales Growth
10 Years:%
5 Years:-17%
3 Years:-37%
TTM:49%
Compounded Profit Growth
10 Years:%
5 Years:-22%
3 Years:-42%
TTM:-115%
Stock Price CAGR
10 Years:-38%
5 Years:-61%
3 Years:-71%
1 Year:-15%
Return on Equity
10 Years:%
5 Years:11%
3 Years:8%
Last Year:4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
24.12 24.12 26.18 26.18 26.18 29.71 29.71 31.01 31.01
Reserves 101.66 120.22 182.32 214.31 250.66 397.30 168.94 176.34 190.14
Borrowings 108.09 145.96 166.13 200.35 301.56 361.96 113.92 193.05 285.33
48.64 47.31 75.97 84.83 87.99 91.73 66.30 49.90 90.37
Total Liabilities 282.51 337.61 450.60 525.67 666.39 880.70 378.87 450.30 596.85
178.54 235.94 315.27 405.19 443.03 481.49 278.92 303.44 303.62
CWIP 27.43 21.62 42.51 45.33 78.25 83.06 28.63 33.19 94.90
Investments 8.69 17.51 22.68 8.80 5.07 9.88 15.00 5.00 50.07
67.85 62.54 70.14 66.35 140.04 306.27 56.32 108.67 148.26
Total Assets 282.51 337.61 450.60 525.67 666.39 880.70 378.87 450.30 596.85

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
16.27 40.42 62.87 65.88 63.81 32.03 38.54 48.24
-78.32 -71.55 -98.64 -87.30 -98.15 -112.83 -35.38 -49.11
77.97 22.10 38.12 5.26 74.84 172.37 -24.41 46.98
Net Cash Flow 15.92 -9.03 2.35 -16.16 40.50 91.57 -21.25 46.12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 16.69% 18.00% 17.24% 17.11% 15.20% 3.41% 6.05%
Debtor Days 79.68 61.31 44.74 62.47 55.16 46.00 127.07 46.51
Inventory Turnover 116.62 95.55 183.80 241.50 7.76 4.60

Shareholding Pattern

Numbers in percentages

Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
37.99 37.99 37.99 34.96 37.36 37.36 37.36 37.36 37.86 38.84 38.13 38.49
14.78 13.32 13.67 13.05 12.51 13.04 11.95 3.24 1.19 1.29 1.29 0.29
7.08 7.06 7.03 5.97 3.80 4.69 2.06 1.38 0.06 0.00 0.65 0.00
40.15 41.64 41.31 46.02 46.33 44.91 48.63 58.02 60.89 59.87 59.93 61.22

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