TCI Developers Ltd

₹ 389 -0.26%

10 Nov 2022

About

TCI Developers Limited was incorporated in 2008 as a real estate arm of TCI Group, which has been created to look into the development of the commercial properties of TCI. The co. is engaged in the business of Real estate and Warehousing development activities. The properties are developed into Offices Complexes, Residential Buildings, depending on the best use of the properties. Mr D. P Agarwal is the Chairman of the co. ^[1] ^[2] ^[3]

Key Points

Revenue in FY20
Rental or leasing services of land, buildings and warehouses etc: 53%
Project management services for construction projects: 47% ^[1] ^[2]

Website NSE

Market Cap ₹ 145 Cr.
Current Price ₹ 389
High / Low ₹ /
Stock P/E 116
Book Value ₹ 238
Dividend Yield 0.00 %
ROCE 2.50 %
ROE 1.28 %
Face Value ₹ 10.0

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Pros

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of 1.34% over past five years.
Company has a low return on equity of 1.90% over last 3 years.
Working capital days have increased from -13.5 days to 102 days

* 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: Realty Industry: Construction

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Detailed Comparison with:

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
	2.43	2.52	2.42	2.37	2.45	2.82	2.91	2.75	2.79	2.78	2.69	2.83	3.05
	1.36	1.43	1.54	1.11	1.41	1.37	1.77	1.29	1.83	1.68	2.15	1.88	1.63
Operating Profit	1.07	1.09	0.88	1.26	1.04	1.45	1.14	1.46	0.96	1.10	0.54	0.95	1.42
OPM %	44.03%	43.25%	36.36%	53.16%	42.45%	51.42%	39.18%	53.09%	34.41%	39.57%	20.07%	33.57%	46.56%
	0.10	0.08	0.05	0.03	0.02	0.02	0.02	0.01	0.03	0.04	0.03	0.01	0.12
Interest	0.30	0.05	0.05	0.06	0.05	0.05	0.05	0.05	0.26	0.05	0.05	0.05	0.13
Depreciation	0.37	0.37	0.37	0.37	0.37	0.38	0.62	0.44	0.45	0.45	0.44	0.45	0.42
Profit before tax	0.50	0.75	0.51	0.86	0.64	1.04	0.49	0.98	0.28	0.64	0.08	0.46	0.99
Tax %	38.00%	14.67%	27.45%	29.07%	39.06%	27.88%	46.94%	31.63%	50.00%	32.81%	125.00%	36.96%	30.30%
	0.31	0.63	0.37	0.61	0.39	0.74	0.25	0.68	0.14	0.43	-0.02	0.29	0.68
EPS in Rs	0.70	1.61	0.88	1.50	0.97	1.88	0.56	1.72	0.27	1.05	-0.16	0.64	1.72
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
	1.52	1.99	2.62	3.14	8.39	9.25	10.30	10.71	9.05	9.97	10.54	11.01	11.35
	0.37	0.51	0.86	1.83	2.02	2.16	3.44	5.19	5.53	5.65	5.63	6.91	7.34
Operating Profit	1.15	1.48	1.76	1.31	6.37	7.09	6.86	5.52	3.52	4.32	4.91	4.10	4.01
OPM %	75.66%	74.37%	67.18%	41.72%	75.92%	76.65%	66.60%	51.54%	38.90%	43.33%	46.58%	37.24%	35.33%
	0.32	0.11	0.02	-0.38	1.76	-0.23	2.02	1.46	13.68	0.40	0.08	0.07	0.20
Interest	0.00	0.01	0.00	0.01	2.71	2.20	2.94	1.80	0.45	0.47	0.22	0.41	0.28
Depreciation	0.27	0.26	0.23	0.23	1.46	1.45	1.57	1.52	1.50	1.48	1.74	1.78	1.76
Profit before tax	1.20	1.32	1.55	0.69	3.96	3.21	4.37	3.66	15.25	2.77	3.03	1.98	2.17
Tax %	27.50%	24.24%	25.81%	14.49%	19.44%	23.05%	19.91%	19.13%	7.74%	27.80%	33.99%	37.88%
	0.87	1.00	1.15	0.58	3.19	2.47	3.50	2.97	14.07	2.00	1.99	1.24	1.38
EPS in Rs	2.31	2.63	3.03	1.50	8.42	6.60	9.38	7.94	37.67	4.96	4.91	2.87	3.25
Dividend Payout %	21.69%	19.03%	16.50%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	19%
5 Years:	1%
3 Years:	7%
TTM:	1%

Compounded Profit Growth
10 Years:	0%
5 Years:	-15%
3 Years:	-47%
TTM:	-24%

Stock Price CAGR
10 Years:	4%
5 Years:	2%
3 Years:	6%
1 Year:	%

Return on Equity
10 Years:	3%
5 Years:	4%
3 Years:	2%
Last Year:	1%

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
Equity Capital	3.73	3.73	3.73	3.73	3.73	3.73	3.73	3.73	3.73	3.73	3.73	3.73
Reserves	49.08	54.08	50.53	51.10	53.98	56.18	59.92	62.88	79.04	78.81	80.64	81.66
	0.00	2.05	12.55	31.21	29.59	25.85	37.66	23.95	17.01	10.07	9.95	9.97
	2.97	3.70	13.08	16.67	20.59	23.12	14.43	14.43	12.96	14.98	16.67	16.94
Total Liabilities	55.78	63.56	79.89	102.71	107.89	108.88	115.74	104.99	112.74	107.59	110.99	112.30
	43.32	43.04	60.68	61.93	89.99	89.84	98.53	97.11	84.80	86.01	95.66	94.62
CWIP	7.40	8.33	13.91	36.02	10.09	10.26	0.21	0.58	3.21	5.71	0.02	0.24
Investments	0.05	8.62	0.10	0.10	0.00	0.00	0.00	0.00	0.00	0.00	2.00	2.63
	5.01	3.57	5.20	4.66	7.81	8.78	17.00	7.30	24.73	15.87	13.31	14.81
Total Assets	55.78	63.56	79.89	102.71	107.89	108.88	115.74	104.99	112.74	107.59	110.99	112.30

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	1.06	-1.43	4.34	8.42	7.07	7.72	4.23	0.85	2.54	5.62	2.94
	-9.24	-6.48	-22.57	-1.70	-1.90	1.81	0.99	19.43	-5.42	-4.35	-1.63
	6.05	6.06	18.20	-4.34	-6.20	-0.94	-15.50	-7.40	-7.40	-0.34	-0.38
Net Cash Flow	-2.13	-1.85	-0.03	2.38	-1.03	8.60	-10.28	12.88	-10.29	0.93	0.94

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	31.22	0.00	0.00	1.16	3.92	33.94	11.34	0.68	1.21	36.98	14.54	0.66
Inventory Days
Days Payable
Cash Conversion Cycle	31.22	0.00	0.00	1.16	3.92	33.94	11.34	0.68	1.21	36.98	14.54	0.66
Working Capital Days	-79.24	-71.53	156.03	-365.00	-91.36	-40.64	-425.60	-320.01	-225.86	-223.69	81.38	101.78
ROCE %		2.58%	2.26%	1.27%	5.09%	5.84%	5.69%	4.24%	7.92%	3.33%	3.39%	2.50%

Shareholding Pattern

Numbers in percentages

	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
	74.82%	74.82%	74.82%	74.82%	74.82%	70.13%	70.13%	74.22%	74.22%	74.22%	74.22%	91.57%
	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	25.17%	25.17%	25.17%	25.18%	25.18%	29.87%	29.87%	25.77%	25.77%	25.77%	25.77%	8.42%
No. of Shareholders	8,157	8,090	8,269	7,561	7,447	7,333	7,866	7,784	7,623	7,537	7,370	6,887

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Sep 2022
	74.82%	74.82%	74.82%	74.82%	70.13%	74.22%	91.57%
	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
	2.75%	2.75%	2.75%	0.01%	0.00%	0.00%	0.00%
	22.42%	22.42%	22.43%	25.17%	29.87%	25.77%	8.42%
No. of Shareholders	14,015	13,265	8,899	8,090	7,333	7,537	6,887

* 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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TCI Developers Ltd

TCI Developers Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports