Tata Consumer Products Ltd

Tata Consumer Products Ltd

₹ 1,112 -0.19%
14 Jun - close price
About

Tata Consumer Products Ltd. is one of the leading companies of the Tata Group, with presence in the food and beverages business in India and internationally. It is the second largest tea company globally and has significant market presence and leadership in many markets. In addition to South Asia (mainly India), it has presence in various other geographies including Canada, UK, North America, Australia, Europe, Middle East and Africa. [1]

Key Points

Brands[1]
Tata Salt: Largest salt brand in India
Tata Tea : 2nd Largest tea brand in India
Tetley : 3rd largest tea brand in the UK & largest tea brand in Canada
Himalayan: #1 natural mineral water brand in India
Eight o Clock : 4th largest R&G coffee brand in the USA
Tata Sampann : National brand in pulses, spices, dry fruits, and other staples.
It is among the top 10 FMCG companies in India
In Q2FY24, the market share in tea and salt decreased slightly.[2]

  • Market Cap 1,05,998 Cr.
  • Current Price 1,112
  • High / Low 1,270 / 822
  • Stock P/E 78.8
  • Book Value 169
  • Dividend Yield 0.70 %
  • ROCE 10.6 %
  • ROE 8.32 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 63.0%
  • Company's working capital requirements have reduced from 47.0 days to 33.4 days

Cons

  • Stock is trading at 6.60 times its book value
  • Promoter holding has decreased over last quarter: -0.87%
  • Company has a low return on equity of 7.25% over last 3 years.
  • Company might be capitalizing the interest cost

* 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: Plantation & Plantation Products Industry: Tea

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
3,037 3,008 3,033 3,208 3,175 3,327 3,363 3,475 3,619 3,741 3,734 3,804 3,927
2,737 2,609 2,620 2,747 2,731 2,870 2,929 3,021 3,107 3,196 3,197 3,232 3,297
Operating Profit 300 399 413 462 444 457 434 454 512 545 537 572 630
OPM % 10% 13% 14% 14% 14% 14% 13% 13% 14% 15% 14% 15% 16%
-21 24 23 12 29 11 141 128 49 53 75 -32 -177
Interest 15 20 20 16 16 16 20 24 28 26 28 33 43
Depreciation 66 67 69 70 72 73 73 75 83 82 94 86 116
Profit before tax 198 336 348 388 385 379 482 482 450 489 491 422 294
Tax % 33% 28% 25% 26% 25% 27% 26% 23% 23% 27% 27% 25% 9%
74 200 286 290 239 277 389 364 290 338 364 302 212
EPS in Rs 0.58 2.01 2.91 2.88 2.36 2.77 3.56 3.79 2.89 3.41 3.64 3.00 2.27
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7,351 7,738 7,993 6,637 6,780 6,815 7,252 9,637 11,602 12,425 13,783 15,206
6,581 6,986 7,201 6,271 5,988 5,976 6,466 8,345 10,058 10,707 11,927 12,922
Operating Profit 770 752 792 366 791 839 786 1,292 1,544 1,719 1,856 2,284
OPM % 10% 10% 10% 6% 12% 12% 11% 13% 13% 14% 13% 15%
56 170 -77 38 88 73 124 -163 91 88 328 -81
Interest 84 87 82 117 92 43 52 78 69 73 87 130
Depreciation 105 129 133 117 126 116 123 242 255 278 304 377
Profit before tax 637 707 500 170 662 753 735 809 1,311 1,456 1,794 1,696
Tax % 26% 26% 43% 118% 30% 25% 36% 34% 24% 26% 25% 23%
445 510 273 -37 455 556 457 460 930 1,015 1,320 1,215
EPS in Rs 6.03 7.77 4.01 -0.09 6.17 7.85 6.47 4.99 9.30 10.15 12.96 12.07
Dividend Payout % 36% 29% 6% -2,572% 38% 30% 39% 54% 44% 60% 65% 64%
Compounded Sales Growth
10 Years: 7%
5 Years: 16%
3 Years: 9%
TTM: 10%
Compounded Profit Growth
10 Years: 12%
5 Years: 27%
3 Years: 16%
TTM: 25%
Stock Price CAGR
10 Years: 21%
5 Years: 35%
3 Years: 15%
1 Year: 29%
Return on Equity
10 Years: 6%
5 Years: 7%
3 Years: 7%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 62 62 62 63 63 63 63 92 92 92 93 95
Reserves 4,748 5,787 5,431 6,184 6,202 6,968 7,269 13,723 14,442 15,050 16,184 15,962
1,389 1,438 1,324 1,354 787 1,068 1,141 1,586 1,634 1,412 1,600 3,477
2,595 2,625 2,641 2,294 2,499 2,362 2,408 3,072 4,050 4,521 4,886 8,345
Total Liabilities 8,794 9,911 9,458 9,895 9,551 10,461 10,881 18,473 20,218 21,075 22,762 27,879
4,434 5,181 4,922 4,662 4,573 4,798 4,913 11,656 12,023 12,599 13,070 19,358
CWIP 91 60 47 39 63 135 424 95 113 247 295 190
Investments 578 611 622 1,366 1,451 1,161 1,188 1,323 806 797 1,433 871
3,691 4,060 3,867 3,828 3,465 4,366 4,355 5,399 7,276 7,431 7,965 7,461
Total Assets 8,794 9,911 9,458 9,895 9,551 10,461 10,881 18,473 20,218 21,075 22,762 27,879

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
173 422 418 116 741 356 210 1,082 1,656 1,516 1,461 1,937
24 -1 -207 145 145 -31 53 -622 -346 -1,317 -834 -1,911
186 -363 -392 -282 -816 -30 -224 -308 -426 -995 -714 256
Net Cash Flow 383 57 -182 -21 70 294 39 152 884 -796 -87 281

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 35 31 28 33 32 35 34 35 24 25 21 22
Inventory Days 162 174 176 164 168 143 146 115 132 132 144 140
Days Payable 93 88 82 68 85 70 61 64 95 111 125 136
Cash Conversion Cycle 105 117 122 128 114 108 120 87 61 45 40 25
Working Capital Days 55 82 75 86 72 81 88 63 48 58 49 33
ROCE % 11% 9% 9% 4% 9% 9% 8% 9% 8% 9% 9% 11%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
34.71% 34.71% 34.72% 34.72% 34.72% 34.72% 34.45% 34.44% 34.45% 34.42% 34.42% 33.55%
25.02% 25.93% 25.67% 25.36% 25.33% 25.59% 25.58% 25.04% 25.39% 25.27% 25.62% 25.46%
13.99% 13.30% 13.41% 13.71% 13.99% 14.91% 15.12% 15.85% 16.33% 16.87% 17.06% 17.39%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
26.27% 26.04% 26.20% 26.20% 25.96% 24.78% 24.82% 24.65% 23.82% 23.43% 22.90% 23.58%
No. of Shareholders 6,10,2746,61,2107,53,0198,00,7048,03,6198,08,7818,00,7498,19,0347,78,7107,75,4057,48,3758,87,335

* 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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