Tide Water Oil Co (I) Ltd

₹ 1,008 -2.06%
01 Jul - close price
About

Tide Water Oil Co. Ltd. is a leading manufacturer and marketer of lubricants in over 65 countries around the globe. In India, it has been catering to both automotive and industrial segments since 1928 under the brand “Veedol''. [1]

Key Points

Product Portfolio
Automotive Lubricants: The Co. manufactures a wide range of automotive lubricants for 2 wheelers, passenger cars, commercial vehicles, OEM oils, gear and transmission oils, greases, etc. [1]
Industrial Lubricants: The Co. also manufactures industrial lubricants like Machinery Oil, Thermic Fluids, Spindle Oils, Turbine Oils, Heavy-duty Hydraulic Oils, etc. [2]
Specialities: The Co. is also engaged in the manufacture and sale of Speciality Vehicle Sanitization Products. [3]

  • Market Cap 1,756 Cr.
  • Current Price 1,008
  • High / Low 3,694 / 975
  • Stock P/E 14.3
  • Book Value 413
  • Dividend Yield 5.46 %
  • ROCE 21.7 %
  • ROE 16.9 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is providing a good dividend yield of 5.46%.
  • Company has been maintaining a healthy dividend payout of 72.63%

Cons

  • The company has delivered a poor sales growth of 6.33% over past five 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: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
339 326 346 305 203 326 364 365 285 394 412 445
306 295 300 277 183 282 308 322 258 356 376 399
Operating Profit 33 31 46 28 20 45 56 43 27 38 36 45
OPM % 10% 10% 13% 9% 10% 14% 15% 12% 10% 10% 9% 10%
9 8 12 9 7 11 9 10 5 8 8 8
Interest 1 1 1 0 1 0 0 1 0 0 0 0
Depreciation 3 3 3 3 3 3 4 4 4 4 4 4
Profit before tax 39 36 54 33 23 52 61 49 28 43 40 49
Tax % 31% 19% 21% 29% 25% 24% 22% 25% 18% 25% 25% 23%
Net Profit 27 29 43 23 17 40 48 37 23 32 30 38
EPS in Rs 15.32 16.57 24.61 13.26 9.95 22.61 27.25 20.95 13.08 18.37 17.35 21.69

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
801 903 973 1,037 974 1,130 1,275 1,377 1,317 1,258 1,536
716 810 880 956 860 994 1,136 1,246 1,178 1,094 1,388
Operating Profit 85 93 93 81 113 136 139 131 138 164 147
OPM % 11% 10% 10% 8% 12% 12% 11% 9% 10% 13% 10%
10 10 17 163 24 35 32 32 38 38 30
Interest 1 0 0 1 1 3 3 2 2 2 2
Depreciation 9 9 9 11 7 9 9 10 12 14 15
Profit before tax 85 94 100 232 129 159 159 149 161 185 160
Tax % 32% 33% 35% 32% 39% 32% 33% 35% 24% 24% 23%
Net Profit 58 63 65 159 86 108 107 97 122 141 123
EPS in Rs 33.67 36.58 37.67 92.18 49.39 61.87 61.05 55.41 69.75 80.76 70.54
Dividend Payout % 18% 21% 27% 19% 50% 47% 56% 82% 70% 72% 76%
Compounded Sales Growth
10 Years: 7%
5 Years: 6%
3 Years: 4%
TTM: 22%
Compounded Profit Growth
10 Years: 8%
5 Years: 3%
3 Years: 8%
TTM: -13%
Stock Price CAGR
10 Years: 11%
5 Years: -3%
3 Years: 1%
1 Year: -62%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 18%
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
1 1 1 1 2 2 2 2 2 2 3
Reserves 306 337 381 499 585 611 649 638 679 735 716
2 5 9 21 28 29 42 39 38 18 14
156 172 213 217 231 255 256 249 248 286 302
Total Liabilities 465 515 604 738 846 897 949 928 967 1,040 1,036
125 122 122 194 148 231 242 249 263 277 270
CWIP 2 1 1 -0 2 0 3 2 12 4 3
Investments 1 1 0 0 68 65 70 69 76 74 70
338 392 481 544 628 600 634 608 616 686 692
Total Assets 465 515 604 738 846 897 949 928 967 1,040 1,036

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
85 26 30 80 127 35 94 79 133 69 93
-59 -2 -2 45 -7 24 -86 -1 -49 39 37
-7 -10 -12 -20 -36 -56 -58 -110 -80 -102 -142
Net Cash Flow 18 14 16 105 83 2 -49 -31 4 6 -12

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
Debtor Days 38 58 66 63 62 65 54 52 42 47 50
Inventory Days 111 95 112 84 105 115 93 85 102 150 109
Days Payable 68 63 73 60 89 96 90 80 87 107 79
Cash Conversion Cycle 81 89 105 87 78 84 57 56 56 90 80
Working Capital Days 68 77 86 70 42 74 66 63 58 77 69
ROCE % 29% 28% 18% 23% 26% 24% 22% 23% 26% 22%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
57.28 57.28 57.28 57.28 57.28 57.28 57.28 57.28 57.28 57.28 57.28 57.28
0.58 0.59 0.60 0.61 0.61 0.60 0.60 0.59 0.59 0.68 0.77 0.83
11.24 11.21 11.24 11.21 11.19 11.10 11.11 11.10 10.89 10.68 9.46 8.47
28.43 28.46 28.42 28.44 28.45 28.56 28.55 28.56 28.77 28.90 30.03 30.96
2.46 2.46 2.46 2.46 2.46 2.46 2.46 2.46 2.46 2.46 2.46 2.46

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