Tide Water Oil Co (I) Ltd

Tide Water Oil Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tide Water Oil Co (I) Ltd

₹ 885 -0.68%
06 Jun 3:40 p.m.
veedolindia.com BSE: 590005 NSE : TIDEWATER
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]

Website BSE NSE
  • Market Cap ₹ 1,542 Cr.
  • Current Price ₹ 885
  • High / Low ₹ 1,243 / 805
  • Stock P/E 13.4
  • Book Value ₹ 438
  • Dividend Yield 4.74 %
  • ROCE 19.8 %
  • ROE 15.4 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 70.2%

Cons

  • The company has delivered a poor sales growth of 7.78% 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

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
305 203 326 364 365 285 394 412 445 439 448 497 470
277 183 282 308 322 258 356 376 399 399 420 463 429
Operating Profit 28 20 45 56 43 27 38 36 45 40 28 34 41
OPM % 9% 10% 14% 15% 12% 10% 10% 9% 10% 9% 6% 7% 9%
9 7 11 9 10 5 8 8 8 6 4 6 6
Interest 0 1 0 0 1 0 0 0 0 0 0 0 0
Depreciation 3 3 3 4 4 4 4 4 4 4 4 4 4
Profit before tax 33 23 52 61 49 28 43 40 49 42 28 35 43
Tax % 29% 25% 24% 22% 25% 18% 25% 25% 23% 19% 26% 26% 19%
Net Profit 23 17 40 48 37 23 32 30 38 34 20 26 34
EPS in Rs 13.26 9.95 22.61 27.25 20.95 13.08 18.37 17.35 21.69 19.35 11.73 14.89 19.74
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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
801 903 973 1,037 974 1,130 1,275 1,377 1,317 1,258 1,536 1,854
716 810 880 956 860 994 1,136 1,246 1,178 1,094 1,388 1,712
Operating Profit 85 93 93 81 113 136 139 131 138 164 147 142
OPM % 11% 10% 10% 8% 12% 12% 11% 9% 10% 13% 10% 8%
10 10 17 163 24 35 32 32 38 38 30 22
Interest 1 0 0 1 1 3 3 2 2 2 2 1
Depreciation 9 9 9 11 7 9 9 10 12 14 15 16
Profit before tax 85 94 100 232 129 159 159 149 161 185 160 147
Tax % 32% 33% 35% 32% 39% 32% 33% 35% 24% 24% 23% 22%
Net Profit 58 63 65 159 86 108 107 97 122 141 123 114
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 65.71
Dividend Payout % 18% 21% 27% 19% 50% 47% 56% 82% 70% 72% 76% 62%
Compounded Sales Growth
10 Years: 7%
5 Years: 8%
3 Years: 12%
TTM: 21%
Compounded Profit Growth
10 Years: 6%
5 Years: 1%
3 Years: -2%
TTM: -7%
Stock Price CAGR
10 Years: 9%
5 Years: -5%
3 Years: 6%
1 Year: -17%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 17%
Last Year: 15%

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
1 1 1 1 2 2 2 2 2 2 3 3
Reserves 306 337 381 499 585 611 649 638 679 735 716 760
2 5 9 21 28 29 42 39 38 18 14 5
156 172 213 217 231 255 256 249 248 286 302 330
Total Liabilities 465 515 604 738 846 897 949 928 967 1,040 1,036 1,098
125 122 122 194 148 231 242 249 263 277 270 271
CWIP 2 1 1 0 2 0 3 2 12 4 3 1
Investments 1 1 0 0 68 65 70 69 76 74 70 70
338 392 481 544 628 600 634 608 616 686 692 756
Total Assets 465 515 604 738 846 897 949 928 967 1,040 1,036 1,098

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
85 26 30 80 127 35 94 79 133 69 93 103
-59 -2 -2 45 -7 24 -86 -1 -49 39 37 6
-7 -10 -12 -20 -36 -56 -58 -110 -80 -102 -142 -81
Net Cash Flow 18 14 16 105 83 2 -49 -31 4 6 -11 28

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 38 58 66 63 62 65 54 52 42 47 50 47
Inventory Days 111 95 112 84 105 115 93 85 102 150 109 90
Days Payable 68 63 73 60 89 96 90 80 87 107 79 64
Cash Conversion Cycle 81 89 105 87 78 84 57 56 56 90 80 73
Working Capital Days 68 77 86 70 42 74 66 63 58 77 69 60
ROCE % 29% 28% 18% 23% 26% 24% 22% 23% 26% 22% 20%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
57.28 57.28 57.28 57.28 57.28 57.28 57.28 57.28 57.28 57.28 57.28 57.28
0.61 0.60 0.60 0.59 0.59 0.68 0.77 0.83 0.70 0.73 0.77 0.82
11.19 11.10 11.11 11.10 10.89 10.68 9.46 8.47 7.99 7.33 6.00 5.37
28.45 28.56 28.55 28.56 28.77 28.90 30.03 30.96 31.57 32.20 33.49 34.06
2.46 2.46 2.46 2.46 2.46 2.46 2.46 2.46 2.46 2.46 2.46 2.46

* 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

Announcements

Annual reports