Tata Consumer Products Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 60,140 Cr.
  • Current Price 653
  • High / Low 698 / 349
  • Stock P/E 68.5
  • Book Value 158
  • Dividend Yield 0.62 %
  • ROCE 9.09 %
  • ROE 6.19 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 151.86% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 45.45%
  • Debtor days have improved from 31.05 to 23.95 days.

Cons

  • Stock is trading at 4.14 times its book value
  • Company has a low return on equity of 5.98% for last 3 years.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
1,803 1,761 1,913 1,775 2,392 2,347 2,493 2,405 2,714 2,781 3,070 3,037
1,554 1,594 1,716 1,601 2,041 2,032 2,175 2,097 2,231 2,382 2,708 2,737
Operating Profit 249 167 196 174 351 315 318 308 483 400 361 300
OPM % 14% 9% 10% 10% 15% 13% 13% 13% 18% 14% 12% 10%
Other Income 10 64 23 27 25 27 28 -242 96 2 13 -21
Interest 13 11 13 15 19 20 20 19 17 18 18 15
Depreciation 29 30 30 33 58 59 61 64 62 63 64 66
Profit before tax 217 189 176 153 300 262 264 -17 499 321 292 198
Tax % 38% 34% 31% 39% 34% 24% 28% -198% 22% 27% 19% 33%
Net Profit 116 184 99 23 174 193 169 -76 328 257 218 54
EPS in Rs 1.84 2.91 1.57 0.36 2.75 3.06 2.68 -0.83 3.55 2.79 2.37 0.58

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
5,783 6,003 6,640 7,351 7,738 7,993 6,637 6,780 6,815 7,252 9,637 11,602
5,269 5,467 6,134 6,645 7,212 7,201 6,271 6,033 6,042 6,499 8,381 10,058
Operating Profit 514 536 506 706 526 792 366 747 774 753 1,256 1,544
OPM % 9% 9% 8% 10% 7% 10% 6% 11% 11% 10% 13% 13%
Other Income 379 179 234 121 397 -77 38 133 138 157 -127 91
Interest 149 121 70 84 87 82 117 92 43 52 78 69
Depreciation 103 99 96 105 129 133 117 126 116 123 242 255
Profit before tax 641 494 574 637 707 500 170 662 753 735 809 1,311
Tax % 39% 41% 25% 26% 26% 43% 118% 30% 25% 36% 34% 24%
Net Profit 390 254 356 373 481 248 -6 389 496 408 460 857
EPS in Rs 6.31 4.11 5.76 6.03 7.77 4.01 -0.09 6.17 7.85 6.47 4.99 9.30
Dividend Payout % 32% 49% 37% 36% 29% 6% -2,572% 38% 30% 39% 54% 44%
Compounded Sales Growth
10 Years:7%
5 Years:12%
3 Years:19%
TTM:20%
Compounded Profit Growth
10 Years:13%
5 Years:152%
3 Years:21%
TTM:41%
Stock Price CAGR
10 Years:21%
5 Years:40%
3 Years:39%
1 Year:82%
Return on Equity
10 Years:6%
5 Years:6%
3 Years:6%
Last Year:6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
62 62 62 62 62 62 63 63 63 63 92 92
Reserves 3,662 3,895 4,504 4,748 5,787 5,430 6,184 6,202 6,968 7,269 13,723 14,442
Borrowings 1,797 1,041 916 1,389 1,438 1,324 1,354 787 1,068 1,141 1,548 1,148
2,692 2,766 2,797 2,595 2,625 2,642 2,294 2,499 2,362 2,408 3,110 4,574
Total Liabilities 8,212 7,764 8,279 8,794 9,911 9,458 9,895 9,551 10,461 10,881 18,473 20,256
3,647 3,771 4,244 4,434 5,181 4,922 4,662 4,573 4,798 4,913 11,656 12,043
CWIP 47 31 49 91 60 47 39 63 135 424 95 93
Investments 519 587 567 578 611 622 1,366 1,451 1,161 1,188 1,323 806
3,998 3,375 3,420 3,691 4,060 3,867 3,828 3,465 4,366 4,355 5,399 7,314
Total Assets 8,212 7,764 8,279 8,794 9,911 9,458 9,895 9,551 10,461 10,881 18,473 20,256

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
140 54 279 173 422 418 116 741 356 210 1,082 1,656
1,432 111 156 24 -1 -207 145 145 -31 53 -622 -408
-757 -1,072 -438 186 -363 -392 -282 -816 -30 -224 -308 -426
Net Cash Flow 815 -907 -3 383 57 -182 -21 70 294 39 152 822

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 13% 12% 12% 13% 10% 10% 5% 10% 10% 10% 10% 9%
Debtor Days 33 35 36 35 31 28 33 32 35 34 35 24
Inventory Turnover 2.84 3.01 2.66 2.52 2.26 2.19 2.28 2.11 2.61 2.68 3.32 3.48

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
35.46 35.00 34.45 34.45 34.45 34.45 34.45 34.69 34.69 34.70 34.71 34.71
22.73 24.58 24.72 25.37 26.61 27.80 26.04 17.08 19.49 21.65 25.68 25.24
14.01 13.56 14.25 13.67 13.12 12.83 14.89 21.80 19.83 17.69 13.62 12.55
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01
27.80 26.86 26.58 26.50 25.81 24.91 24.62 26.42 25.97 25.95 25.97 27.48

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