Tourism Finance Corporation of India Ltd

₹ 184 -0.24%

23 Apr 12:36 p.m.

About

Tourism Finance Corporation of India Ltd provides financial assistance to the tourism sector comprising hotels, resorts, restaurants, food courts, amusement parks, ropeways, multiplexes, etc. ^[1]

Key Points

Offerings
The Company provides Rupee Term Loans, Project Loans, Corporate Loans, Loans Against Securities, Bridge Loan, Take our Financing, Subscription in Equity Shares/Debentures, etc. to its clients. ^[1]

Website BSE NSE

Market Cap ₹ 1,658 Cr.
Current Price ₹ 184
High / Low ₹ 268 / 69.5
Stock P/E 17.3
Book Value ₹ 105
Dividend Yield 1.36 %
ROCE 9.46 %
ROE 8.99 %
Face Value ₹ 10.0

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Pros

Cons

Promoter holding has decreased over last quarter: -9.63%
The company has delivered a poor sales growth of 0.68% over past five years.
Promoter holding is low: 8.04%
Company has a low return on equity of 9.71% 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.

Peer comparison

Sector: Finance Industry: Finance - Term-Lending Institutions

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
Revenue	71	60	66	66	62	61	63	58	51	60	59	58	67
Interest	32	32	32	32	29	27	26	22	21	21	23	26	26
	10	5	7	6	7	5	5	13	5	7	7	8	5
Financing Profit	29	22	27	28	26	29	32	22	25	32	30	24	36
Financing Margin %	41%	38%	41%	42%	42%	48%	51%	38%	49%	53%	50%	42%	54%
	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	29	22	26	27	26	29	31	22	24	32	29	24	36
Tax %	18%	18%	20%	21%	22%	21%	21%	9%	25%	22%	17%	21%	24%
	24	18	21	22	20	22	25	20	18	25	24	19	28
EPS in Rs	2.98	2.25	2.63	2.68	2.22	2.48	2.76	2.18	2.03	2.75	2.70	2.07	3.05
Gross NPA %	0.87%	3.51%	4.37%	0.89%	3.76%	0.74%			4.58%	3.92%	5.35%	3.76%	2.17%
Net NPA %	0.63%	2.84%	3.45%	0.64%	2.85%	0.37%			3.56%	2.95%	4.16%	2.82%	1.38%
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	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
Revenue	129	180	184	186	185	208	224	230	266	258	254	231	244
Interest	59	89	81	85	90	91	96	104	121	130	120	91	96
	6	20	20	20	19	43	20	18	47	27	25	30	26
Financing Profit	64	72	83	81	75	74	107	108	98	101	109	111	122
Financing Margin %	49%	40%	45%	43%	41%	35%	48%	47%	37%	39%	43%	48%	50%
	1	2	3	2	1	24	0	6	0	0	0	0	0
Depreciation	2	2	2	1	1	1	1	0	1	1	1	2	1
Profit before tax	63	72	84	82	76	97	107	114	97	100	108	109	121
Tax %	22%	23%	30%	26%	29%	27%	28%	24%	17%	19%	21%	20%
	49	56	58	60	54	70	77	86	81	81	85	88	96
EPS in Rs	6.13	6.88	7.25	7.46	6.64	8.73	9.60	10.69	10.04	10.00	9.44	9.73	10.57
Dividend Payout %	20%	17%	17%	24%	27%	23%	21%	21%	0%	8%	13%	25%

Compounded Sales Growth
10 Years:	3%
5 Years:	1%
3 Years:	-4%
TTM:	5%

Compounded Profit Growth
10 Years:	5%
5 Years:	3%
3 Years:	3%
TTM:	12%

Stock Price CAGR
10 Years:	23%
5 Years:	10%
3 Years:	46%
1 Year:	153%

Return on Equity
10 Years:	11%
5 Years:	10%
3 Years:	10%
Last Year:	9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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	81	81	81	81	81	81	81	81	81	81	90	90	90
Reserves	297	339	356	398	433	474	597	656	673	711	847	927	859
	790	911	862	956	996	1,050	1,304	1,324	1,447	1,360	1,272	999	1,044
	29	61	64	65	80	96	35	30	43	34	35	29	35
Total Liabilities	1,196	1,392	1,362	1,501	1,590	1,700	2,017	2,091	2,244	2,185	2,245	2,045	2,028
	28	32	30	30	29	20	15	14	18	16	17	15	15
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	99	181	138	190	255	248	301	318	219	159	165	338	492
	1,070	1,179	1,193	1,281	1,307	1,432	1,701	1,758	2,008	2,010	2,062	1,692	1,521
Total Assets	1,196	1,392	1,362	1,501	1,590	1,700	2,017	2,091	2,244	2,185	2,245	2,045	2,028

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	30	2	19	15	22	-7	135	-54	161	-171	139	-137
	-0	-6	-0	-0	-0	31	-0	-0	-1	-0	-2	-0
	-12	-13	-11	-21	-19	-19	-20	-20	-22	-1	57	-12
Net Cash Flow	17	-17	7	-6	3	6	115	-74	139	-172	193	-149

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
ROE %	14%	14%	14%	13%	11%	10%	13%	12%	11%	10%	10%	9%

Shareholding Pattern

Numbers in percentages

68 Recently

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Apr 2024
	27.25%	28.43%	28.43%	28.43%	16.83%	17.94%	17.96%	17.96%	17.96%	17.67%	8.04%	7.85%
	16.16%	14.14%	14.47%	14.57%	16.85%	16.72%	16.78%	16.29%	13.01%	13.88%	3.41%	2.94%
	0.03%	0.01%	0.00%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.04%
	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	56.56%	57.42%	57.09%	56.99%	66.30%	65.32%	65.24%	65.73%	69.02%	68.44%	88.53%	89.18%
No. of Shareholders	66,400	65,179	63,669	61,728	61,207	58,073	57,318	56,954	60,671	58,817	89,502	92,118

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Apr 2024
	43.31%	8.87%	51.58%	32.58%	27.25%	28.43%	17.96%	8.04%	7.85%
	2.14%	10.67%	4.23%	10.44%	16.42%	14.47%	16.78%	3.41%	2.94%
	0.46%	0.76%	2.75%	5.29%	0.01%	0.00%	0.00%	0.03%	0.04%
	0.00%	0.77%	0.91%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%
	54.09%	78.93%	40.52%	51.69%	56.33%	57.09%	65.24%	88.53%	89.18%
No. of Shareholders	67,956	62,134	53,304	50,901	59,052	63,669	57,318	89,502	92,118

* 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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