Tata Consumer Products Ltd

₹ 730 -0.84%
31 Jan - 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

Acquisition of Food Business
The company acquired the consumer products business of Tata Chemicals Ltd [1] that comprises sourcing, packaging, marketing, distribution and sales of salt under the brand ‘Tata Salt’, and spices, pulses and other food products under the brand ‘Tata Sampann’ in FY2020 in an all equity deal. [2]

  • Market Cap 67,771 Cr.
  • Current Price 730
  • High / Low 861 / 650
  • Stock P/E 65.5
  • Book Value 162
  • Dividend Yield 0.83 %
  • ROCE 9.61 %
  • ROE 6.51 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 20.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 52.4%

Cons

  • Stock is trading at 4.52 times its book value
  • Company has a low return on equity of 6.21% over last 3 years.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
2,347 2,493 2,405 2,714 2,781 3,070 3,037 3,008 3,033 3,208 3,175 3,327 3,363
2,032 2,175 2,097 2,231 2,382 2,708 2,737 2,609 2,620 2,747 2,731 2,870 2,929
Operating Profit 315 318 308 483 400 361 300 399 413 462 444 457 434
OPM % 13% 13% 13% 18% 14% 12% 10% 13% 14% 14% 14% 14% 13%
27 28 -242 96 2 13 -21 24 23 12 29 11 141
Interest 20 20 19 17 18 18 15 20 20 16 16 16 20
Depreciation 59 61 64 62 63 64 66 67 69 70 72 73 73
Profit before tax 262 264 -17 499 321 292 198 336 348 388 385 379 482
Tax % 24% 28% -198% 22% 27% 19% 33% 28% 25% 26% 25% 27% 26%
Net Profit 208 185 -122 346 273 237 74 200 286 290 239 277 389
EPS in Rs 3.06 2.68 -0.83 3.55 2.79 2.37 0.58 2.01 2.91 2.88 2.36 2.77 3.56
Raw PDF

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 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
6,003 6,640 7,351 7,738 7,993 6,637 6,780 6,815 7,252 9,637 11,602 12,425 13,074
5,394 6,017 6,581 6,986 7,201 6,271 5,988 5,976 6,466 8,345 10,058 10,707 11,277
Operating Profit 609 623 770 752 792 366 791 839 786 1,292 1,544 1,719 1,797
OPM % 10% 9% 10% 10% 10% 6% 12% 12% 11% 13% 13% 14% 14%
105 117 56 170 -77 38 88 73 124 -163 91 88 192
Interest 121 70 84 87 82 117 92 43 52 78 69 73 68
Depreciation 99 96 105 129 133 117 126 116 123 242 255 278 288
Profit before tax 494 574 637 707 500 170 662 753 735 809 1,311 1,456 1,633
Tax % 41% 25% 26% 26% 43% 118% 30% 25% 36% 34% 24% 26%
Net Profit 312 417 445 510 273 -37 455 556 457 460 930 1,015 1,195
EPS in Rs 4.11 5.76 6.03 7.77 4.01 -0.09 6.17 7.85 6.47 4.99 9.30 10.15 11.57
Dividend Payout % 49% 37% 36% 29% 6% -2,572% 38% 30% 39% 54% 44% 60%
Compounded Sales Growth
10 Years: 6%
5 Years: 13%
3 Years: 20%
TTM: 8%
Compounded Profit Growth
10 Years: 11%
5 Years: 20%
3 Years: 33%
TTM: 34%
Stock Price CAGR
10 Years: 17%
5 Years: 22%
3 Years: 25%
1 Year: -1%
Return on Equity
10 Years: 6%
5 Years: 6%
3 Years: 6%
Last Year: 7%

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 Mar 2020 Mar 2021 Mar 2022 Sep 2022
62 62 62 62 62 63 63 63 63 92 92 92 92
Reserves 3,895 4,504 4,748 5,787 5,430 6,184 6,202 6,968 7,269 13,723 14,442 15,050 14,797
1,041 916 1,389 1,438 1,324 1,354 787 1,068 1,141 1,586 1,634 1,412 1,294
2,766 2,797 2,595 2,625 2,642 2,294 2,499 2,362 2,408 3,072 4,050 4,521 4,627
Total Liabilities 7,764 8,279 8,794 9,911 9,458 9,895 9,551 10,461 10,881 18,473 20,218 21,075 20,811
3,771 4,244 4,434 5,181 4,922 4,662 4,573 4,798 4,913 11,656 12,023 12,599 12,576
CWIP 31 49 91 60 47 39 63 135 424 95 113 247 245
Investments 587 567 578 611 622 1,366 1,451 1,161 1,188 1,323 806 797 1,040
3,375 3,420 3,691 4,060 3,867 3,828 3,465 4,366 4,355 5,399 7,276 7,431 6,950
Total Assets 7,764 8,279 8,794 9,911 9,458 9,895 9,551 10,461 10,881 18,473 20,218 21,075 20,811

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 Mar 2019 Mar 2020 Mar 2021 Mar 2022
54 279 173 422 418 116 741 356 210 1,082 1,656 1,516
111 156 24 -1 -207 145 145 -31 53 -622 -346 -1,317
-1,072 -438 186 -363 -392 -282 -816 -30 -224 -308 -426 -995
Net Cash Flow -907 -3 383 57 -182 -21 70 294 39 152 884 -796

Ratios

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 Mar 2020 Mar 2021 Mar 2022
Debtor Days 35 36 35 31 28 33 32 35 34 35 24 25
Inventory Days 133 147 162 174 176 164 168 143 146 115 132 132
Days Payable 103 102 93 88 82 68 85 70 61 64 95 111
Cash Conversion Cycle 65 81 105 117 122 128 114 108 120 87 61 45
Working Capital Days 56 66 55 82 75 86 72 81 88 63 48 58
ROCE % 12% 12% 13% 10% 10% 5% 10% 10% 10% 10% 9% 10%

Shareholding Pattern

Numbers in percentages

2 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
34.69 34.69 34.70 34.71 34.71 34.71 34.71 34.72 34.72 34.72 34.72 34.45
17.08 19.49 21.65 25.68 25.24 25.02 25.93 25.67 25.36 25.33 25.59 25.58
21.80 19.83 17.69 13.62 12.55 13.99 13.30 13.41 13.71 13.99 14.91 15.12
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
26.42 25.97 25.95 25.97 27.48 26.27 26.04 26.20 26.20 25.96 24.78 24.82

* 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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