Tide Water Oil Co (I) Ltd

Tide Water Oil Company India is mainly engaged in the business of manufacturing and marketing of lubricants.

Pros:
Company is virtually debt free.
Stock is providing a good dividend yield of 3.52%.
Promoter's stake has increased
Company has been maintaining a healthy dividend payout of 54.41%
Cons:
The company has delivered a poor growth of 4.39% over past five years.

Peer Comparison Sector: Chemicals // Industry: Chemicals

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019
244 219 242 257 218 266 292 298 290 284 308 311
203 198 215 215 196 237 259 257 256 256 283 278
Operating Profit 41 22 27 42 22 29 33 41 33 28 26 34
OPM % 17% 10% 11% 16% 10% 11% 11% 14% 12% 10% 8% 11%
Other Income 5 8 8 7 5 10 9 6 4 11 8 12
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 44 28 32 47 25 37 40 46 36 37 31 43
Tax % 37% 34% 30% 27% 34% 36% 26% 38% 34% 34% 35% 34%
Net Profit 28 18 23 34 16 23 29 28 23 25 20 28
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
345 407 481 565 692 801 867 918 956 935 962 1,074 1,193
329 373 435 474 594 715 774 816 868 794 830 949 1,072
Operating Profit 16 34 46 91 97 86 93 103 87 141 132 125 121
OPM % 5% 8% 10% 16% 14% 11% 11% 11% 9% 15% 14% 12% 10%
Other Income 2 6 7 6 7 11 10 10 163 -1 28 30 35
Interest 4 3 3 2 0 1 0 0 0 0 1 1 1
Depreciation 2 2 3 6 10 9 9 9 7 7 7 8 8
Profit before tax 13 35 46 89 94 86 94 104 243 133 151 147 147
Tax % 31% 34% 40% 35% 32% 31% 33% 34% 30% 38% 32% 34%
Net Profit 9 23 28 58 64 59 63 68 171 83 103 97 97
EPS in Rs 25.26 65.78 77.90 164.00 181.93 164.88 174.46 201.00 503.41 218.65 302.74 285.09
Dividend Payout % 15% 8% 9% 8% 8% 18% 21% 25% 17% 52% 50% 61%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:10.19%
5 Years:4.39%
3 Years:3.98%
TTM:11.06%
Compounded Profit Growth
10 Years:16.11%
5 Years:9.03%
3 Years:13.79%
TTM:-0.22%
Return on Equity
10 Years:18.65%
5 Years:16.52%
3 Years:16.42%
Last Year:15.10%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
1 1 1 1 1 1 1 1 1 2 2 2 2
Reserves 105 126 150 203 261 308 338 386 516 599 627 654 645
Borrowings 14 6 3 0 0 0 0 0 0 0 0 0 0
88 114 89 108 134 160 168 195 198 208 217 218 206
Total Liabilities 208 247 243 311 395 468 507 582 715 809 845 874 853
20 26 34 77 72 73 70 69 90 97 97 104 112
CWIP 1 2 9 1 1 2 1 1 0 2 0 3 1
Investments 1 1 1 1 1 52 54 57 121 115 212 214 214
186 219 200 233 321 341 381 455 504 596 536 552 526
Total Assets 208 247 243 311 395 468 507 582 715 809 845 874 853

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
40 12 39 35 5 86 32 33 93 139 41 102
-4 -5 -17 -40 -3 -59 -4 -3 36 -7 16 -86
-25 -10 -6 -7 -6 -8 -13 -16 -32 -48 -56 -71
Net Cash Flow 11 -3 16 -11 -4 18 14 14 97 83 1 -55

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 13% 28% 34% 51% 41% 31% 29% 30% 21% 28% 25% 23%
Debtor Days 40 32 32 35 40 38 54 59 57 57 58 47
Inventory Turnover 4.28 5.01 5.69 5.52 4.63 4.79 5.35 5.18 5.47 6.06 5.62 6.09