TD Power Systems Ltd

₹ 125 7.00%
05 Dec 4:10 p.m.
About

TD Power Systems Ltd is engaged in manufacturing AC generators and Electric motors for various applications which are specifically designed to suit the needs of the customers based on their requirements and specifications.[1]

Key Points

Manufacturing Segment (~98% of revenues) [1]
The company is one of the leading manufacturers of AC generators in the range of 1 MW up to 250 MWA [2] for prime movers such as steam & gas, hydro, wind turbines and diesel and gas engines. Its generators are approved by leading engineering consultants. [3]

  • Market Cap 1,948 Cr.
  • Current Price 125
  • High / Low 137 / 63.2
  • Stock P/E 24.0
  • Book Value 35.6
  • Dividend Yield 0.56 %
  • ROCE 16.2 %
  • ROE 12.9 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 76.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 18.6%

Cons

  • Stock is trading at 3.50 times its book value
  • Company has a low return on equity of 8.93% 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
139 135 151 74 183 169 168 163 227 180 227 205 213
130 128 136 79 155 144 149 148 203 158 197 177 187
Operating Profit 10 7 15 -5 28 24 19 15 24 22 31 28 26
OPM % 7% 5% 10% -7% 15% 14% 11% 9% 11% 12% 13% 14% 12%
5 5 14 2 2 8 4 4 3 9 8 7 6
Interest 1 2 1 2 1 2 -0 1 0 0 1 1 0
Depreciation 6 5 5 5 5 5 5 5 6 6 6 5 5
Profit before tax 8 5 22 -10 23 25 18 13 21 25 33 28 27
Tax % 25% -33% 15% -2% 18% 17% 15% 21% 24% 21% 25% 24% 26%
Net Profit 6 7 19 -10 19 21 15 10 16 20 25 21 20
EPS in Rs 0.37 0.43 1.22 -0.63 1.20 1.36 0.99 0.67 1.03 1.26 1.59 1.38 1.28
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
864 1,032 587 480 597 507 380 435 459 515 594 797 824
770 936 534 458 581 498 369 424 429 477 523 701 718
Operating Profit 94 95 53 23 16 9 11 10 30 38 71 97 106
OPM % 11% 9% 9% 5% 3% 2% 3% 2% 7% 7% 12% 12% 13%
11 24 31 34 24 20 20 16 9 27 16 24 30
Interest 11 10 7 6 6 7 6 9 6 10 9 7 2
Depreciation 8 9 12 15 29 29 28 27 26 22 22 22 22
Profit before tax 86 100 64 35 6 -7 -4 -10 7 33 56 92 112
Tax % 34% 33% 35% 36% 114% -33% -24% -51% 57% 9% 20% 23%
Net Profit 57 67 42 23 -1 -9 -4 -14 3 30 45 71 86
EPS in Rs 4.04 2.51 1.37 -0.05 -0.55 -0.27 -0.87 0.20 1.94 2.92 4.54 5.51
Dividend Payout % 11% 10% 16% 34% -1,059% -110% -135% -41% 194% 23% 17% 15%
Compounded Sales Growth
10 Years: -3%
5 Years: 16%
3 Years: 20%
TTM: 13%
Compounded Profit Growth
10 Years: 0%
5 Years: 77%
3 Years: 172%
TTM: 46%
Stock Price CAGR
10 Years: 10%
5 Years: 28%
3 Years: 66%
1 Year: 62%
Return on Equity
10 Years: 3%
5 Years: 5%
3 Years: 9%
Last Year: 13%

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
24 33 33 33 33 33 33 33 31 31 31 31 31
Reserves 163 427 461 474 461 440 437 416 385 402 445 499 525
86 35 27 63 57 28 45 69 61 68 52 71 0
396 391 321 397 345 292 233 190 271 257 257 306 300
Total Liabilities 669 885 842 968 896 793 749 708 748 757 785 907 856
113 131 200 219 272 258 233 213 198 180 174 166 164
CWIP 2 13 16 54 0 1 1 1 1 1 1 1 2
Investments 0 0 0 0 0 0 0 0 10 20 20 20 20
554 741 626 695 624 534 515 495 539 557 590 720 670
Total Assets 669 885 842 968 896 793 749 708 748 757 785 907 856

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
60 -37 65 -25 47 -13 -20 -3 48 56 -3 11
-2 -17 -58 -50 -3 2 9 3 -13 -0 -11 -14
7 149 -19 25 -12 -35 1 7 -45 -17 -20 11
Net Cash Flow 64 94 -12 -50 32 -46 -9 7 -10 39 -34 8

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 86 85 111 169 95 112 154 155 182 123 100 110
Inventory Days 42 37 44 90 62 88 113 96 129 147 174 134
Days Payable 72 71 111 176 136 145 184 140 192 146 100 97
Cash Conversion Cycle 56 51 44 82 21 55 83 111 118 123 174 147
Working Capital Days -25 14 2 25 -3 12 55 107 109 88 96 111
ROCE % 41% 29% 14% 8% 2% 0% 1% -0% 3% 6% 11% 16%

Shareholding Pattern

Numbers in percentages

8 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
58.49 58.55 58.55 58.57 58.65 58.97 58.88 58.73 58.65 58.65 58.61 58.46
2.69 2.69 2.69 2.69 2.70 2.74 2.66 2.72 2.53 2.05 0.88 1.34
17.82 17.41 17.36 17.36 12.97 12.57 11.80 10.73 11.21 11.97 12.22 12.09
19.22 19.54 19.58 20.13 24.46 24.51 25.29 27.21 27.00 26.73 27.69 27.91
1.78 1.82 1.82 1.25 1.22 1.22 1.37 0.61 0.60 0.60 0.60 0.20

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

Documents

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