TD Power Systems Ltd

TD Power Systems Ltd

₹ 329 11.22%
04 Mar 4:01 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

Product Portfolio
The company offers a diverse product portfolio tailored for a wide range of turbines, including steam, gas, hydro, and wind, as well as engines such as diesel and gas. It is a leading manufacturer of AC generators, delivering across the spectrum - from 1 to 250MVA. [1]

  • Market Cap 5,118 Cr.
  • Current Price 329
  • High / Low 335 / 137
  • Stock P/E 41.4
  • Book Value 42.0
  • Dividend Yield 0.15 %
  • ROCE 22.1 %
  • ROE 16.9 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 53.9% CAGR over last 5 years

Cons

  • Stock is trading at 7.83 times its book value
  • Promoter holding is low: 34.3%
  • Company has a low return on equity of 13.2% over last 3 years.
  • Promoter holding has decreased over last 3 years: -24.4%

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
169 168 163 227 180 227 205 213 205 250 220 274 243
144 149 148 203 158 197 177 187 172 206 182 227 203
Operating Profit 24 19 15 24 22 31 28 26 33 43 39 47 40
OPM % 14% 11% 9% 11% 12% 13% 14% 12% 16% 17% 18% 17% 16%
8 4 4 3 9 8 7 6 0 8 4 3 5
Interest 2 -0 1 0 0 1 1 0 0 0 0 0 0
Depreciation 5 5 5 6 6 6 5 5 5 5 5 5 5
Profit before tax 25 18 13 21 25 33 28 27 29 46 37 45 40
Tax % 17% 15% 21% 24% 21% 25% 24% 26% 30% 23% 28% 27% 25%
21 15 10 16 20 25 21 20 20 35 27 33 30
EPS in Rs 1.36 0.99 0.67 1.03 1.26 1.59 1.38 1.28 1.29 2.27 1.71 2.10 1.91
Raw PDF

Profit & Loss

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 Mar 2023 TTM
1,032 587 480 597 507 380 435 459 515 594 797 872 986
936 534 458 581 498 369 424 429 477 523 701 739 817
Operating Profit 95 53 23 16 9 11 10 30 38 71 97 134 169
OPM % 9% 9% 5% 3% 2% 3% 2% 7% 7% 12% 12% 15% 17%
24 31 34 24 20 20 16 9 27 16 24 21 19
Interest 10 7 6 6 7 6 9 6 10 9 7 4 0
Depreciation 9 12 15 29 29 28 27 26 22 22 22 21 21
Profit before tax 100 64 35 6 -7 -4 -10 7 33 56 92 130 167
Tax % 33% 35% 36% 114% -33% -24% -51% 57% 9% 20% 23% 25%
67 42 23 -1 -9 -4 -14 3 30 45 70 97 125
EPS in Rs 4.04 2.51 1.37 -0.05 -0.55 -0.27 -0.87 0.20 1.94 2.92 4.53 6.20 7.99
Dividend Payout % 10% 16% 34% -1,059% -110% -135% -41% 194% 23% 17% 15% 16%
Compounded Sales Growth
10 Years: 4%
5 Years: 15%
3 Years: 19%
TTM: 16%
Compounded Profit Growth
10 Years: 9%
5 Years: 54%
3 Years: 71%
TTM: 44%
Stock Price CAGR
10 Years: 20%
5 Years: 67%
3 Years: 119%
1 Year: 113%
Return on Equity
10 Years: 5%
5 Years: 9%
3 Years: 13%
Last Year: 17%

Balance Sheet

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 Mar 2023 Sep 2023
Equity Capital 33 33 33 33 33 33 33 31 31 31 31 31 31
Reserves 427 461 474 461 440 437 416 385 394 440 496 573 624
35 27 63 57 28 45 69 61 68 52 71 0 0
391 321 397 345 292 233 190 271 265 262 309 299 345
Total Liabilities 885 842 968 896 793 749 708 748 757 785 907 903 1,000
131 200 219 272 258 233 213 198 180 174 166 163 164
CWIP 13 16 54 0 1 1 1 1 1 1 1 0 2
Investments 0 0 0 0 0 0 0 10 20 20 20 20 10
741 626 695 624 534 515 495 539 557 590 720 720 824
Total Assets 885 842 968 896 793 749 708 748 757 785 907 903 1,000

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 Mar 2023
-37 65 -25 47 -13 -20 -3 48 56 -3 11 89
-17 -58 -50 -3 2 9 3 -13 -0 -11 -14 -13
149 -19 25 -12 -35 1 7 -45 -17 -20 11 -89
Net Cash Flow 94 -12 -50 32 -46 -9 7 -10 39 -34 8 -13

Ratios

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 Mar 2023
Debtor Days 85 111 169 95 112 154 155 182 123 100 110 113
Inventory Days 37 44 90 62 88 113 96 129 147 174 134 123
Days Payable 71 111 176 136 145 184 140 192 146 100 97 81
Cash Conversion Cycle 51 44 82 21 55 83 111 118 123 174 147 154
Working Capital Days 14 2 25 -3 12 55 107 109 88 96 110 100
ROCE % 29% 14% 8% 2% 0% 1% -0% 3% 6% 12% 16% 22%

Shareholding Pattern

Numbers in percentages

7 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
58.97% 58.88% 58.73% 58.65% 58.65% 58.61% 58.57% 58.46% 58.51% 58.43% 34.27% 34.27%
2.74% 2.66% 2.72% 2.53% 2.05% 0.88% 1.33% 1.57% 1.85% 2.61% 10.11% 11.35%
12.57% 11.80% 10.73% 11.21% 11.97% 12.22% 11.86% 13.16% 15.42% 16.33% 33.14% 32.81%
24.51% 25.29% 27.21% 27.00% 26.73% 27.69% 28.24% 26.60% 24.03% 22.62% 22.49% 21.58%
1.22% 1.37% 0.61% 0.60% 0.60% 0.60% 0.00% 0.20% 0.20% 0.02% 0.00% 0.00%
No. of Shareholders 8,89211,34310,71412,26813,35215,22018,96322,27827,87234,40851,76360,287

* 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.

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

Documents

Concalls