Tijaria Polypipes Ltd

Tijaria Polypipe Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tijaria Polypipes Ltd

₹ 17.8 4.72%
24 Apr - close price
tijaria-pipes.com BSE: 533629 NSE - BE : TIJARIA
About

Incorporated in 1982, Tijaria Polypipes Ltd manufactures Plastic pipes.[1]

Key Points

Business Overview:[1]
Company manufactures high-grade HDPE,
PVC, MDPE, and LDPE plastic pipes and
sprinkler systems under the brand names
of Tijaria and Vikas. Its products are used
in irrigation, telecommunication, industrial, infrastructure, and housing sectors.

Website BSE NSE - BE
  • Market Cap ₹ 49.5 Cr.
  • Current Price ₹ 17.8
  • High / Low ₹ 18.2 / 4.90
  • Stock P/E
  • Book Value ₹ -9.21
  • Dividend Yield 0.00 %
  • ROCE -13.9 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -28.9% over past five years.
  • Promoter holding is low: 35.2%
  • Contingent liabilities of Rs.3,604 Cr.
  • Company has high debtors of 660 days.
  • Promoter holding has decreased over last 3 years: -29.9%
  • Working capital days have increased from 314 days to 611 days

* 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: Plastic products Industry: Plastics Products

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Quarterly Results

Figures in Rs. Crores

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
25.96 23.92 13.14 10.48 17.70 13.56 9.91 0.09 0.00 3.84 0.04 0.00 0.00
23.82 27.48 14.15 12.17 19.74 18.19 11.53 0.43 0.29 5.86 0.23 0.01 0.03
Operating Profit 2.14 -3.56 -1.01 -1.69 -2.04 -4.63 -1.62 -0.34 -0.29 -2.02 -0.19 -0.01 -0.03
OPM % 8.24% -14.88% -7.69% -16.13% -11.53% -34.14% -16.35% -377.78% -52.60% -475.00%
0.06 0.71 0.03 0.04 0.04 0.11 0.06 0.03 0.03 0.04 0.02 0.04 0.03
Interest 1.66 1.51 2.53 1.87 2.02 2.01 1.96 0.03 0.01 0.01 0.00 0.00 0.00
Depreciation 1.26 1.23 1.04 1.06 1.03 1.00 0.85 0.83 0.83 0.80 0.68 0.69 0.69
Profit before tax -0.72 -5.59 -4.55 -4.58 -5.05 -7.53 -4.37 -1.17 -1.10 -2.79 -0.85 -0.66 -0.69
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.72 -5.60 -4.55 -4.58 -5.05 -7.53 -4.37 -1.17 -1.11 -2.80 -0.85 -0.66 -0.69
EPS in Rs -0.25 -1.96 -1.59 -1.60 -1.76 -2.63 -1.53 -0.41 -0.39 -0.98 -0.30 -0.23 -0.24
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
92.40 127.95 108.57 69.11 87.03 63.54 76.34 149.53 73.39 62.46 54.88 13.85 3.88
87.62 114.39 99.49 61.05 80.92 66.07 83.95 129.73 64.62 66.11 63.93 18.10 6.13
Operating Profit 4.78 13.56 9.08 8.06 6.11 -2.53 -7.61 19.80 8.77 -3.65 -9.05 -4.25 -2.25
OPM % 5.17% 10.60% 8.36% 11.66% 7.02% -3.98% -9.97% 13.24% 11.95% -5.84% -16.49% -30.69% -57.99%
0.75 0.09 0.00 5.05 0.19 -1.42 -1.06 0.67 0.36 0.91 -0.11 0.13 0.13
Interest 5.36 5.36 8.85 8.73 9.10 7.18 7.51 7.94 6.40 6.51 8.42 2.01 0.01
Depreciation 3.24 8.03 10.43 13.53 11.80 9.78 8.23 6.34 5.20 4.76 4.13 3.32 2.86
Profit before tax -3.07 0.26 -10.20 -9.15 -14.60 -20.91 -24.41 6.19 -2.47 -14.01 -21.71 -9.45 -4.99
Tax % 0.65% -234.62% -5.98% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-3.05 0.87 -10.80 -9.15 -14.60 -20.92 -24.41 6.19 -2.46 -14.01 -21.70 -9.46 -5.00
EPS in Rs -1.29 0.37 -4.57 -3.87 -6.18 -8.85 -10.33 2.32 -0.86 -4.89 -7.58 -3.30 -1.75
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -20%
5 Years: -29%
3 Years: -43%
TTM: -84%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: %
TTM: 65%
Stock Price CAGR
10 Years: 16%
5 Years: -1%
3 Years: 38%
1 Year: 245%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

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 23.63 23.63 23.63 23.63 23.63 23.63 23.63 26.72 28.63 28.63 28.63 28.63 28.63
Reserves 65.43 66.30 55.50 46.31 31.71 10.79 -13.65 -6.06 -7.73 -21.66 -43.35 -52.78 -54.30
45.50 53.51 65.58 62.07 64.63 67.23 69.90 54.12 50.76 65.88 69.15 76.36 76.33
12.56 19.27 10.00 13.54 10.87 13.36 32.04 35.79 24.14 24.02 13.27 9.32 9.48
Total Liabilities 147.12 162.71 154.71 145.55 130.84 115.01 111.92 110.57 95.80 96.87 67.70 61.53 60.14
59.74 86.26 90.33 75.67 65.41 57.71 47.13 39.19 34.52 33.56 28.79 25.31 23.94
CWIP 7.66 5.00 7.03 1.25 1.36 0.00 0.00 0.00 0.00 0.13 0.00 0.00 0.00
Investments 2.35 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
77.37 71.45 57.35 68.63 64.07 57.30 64.79 71.38 61.28 63.18 38.91 36.22 36.20
Total Assets 147.12 162.71 154.71 145.55 130.84 115.01 111.92 110.57 95.80 96.87 67.70 61.53 60.14

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-17.72 26.78 8.52 11.83 6.00 -4.39 5.80 14.92 8.53 -3.40 2.15 -5.33
-41.36 -29.50 -16.51 11.01 -1.69 -0.72 -0.02 3.44 -0.20 -3.58 0.58 0.17
59.97 2.34 7.70 -22.14 -5.15 6.63 -5.55 -20.35 -7.68 8.60 -5.14 5.20
Net Cash Flow 0.89 -0.38 -0.29 0.70 -0.85 1.51 0.22 -1.99 0.65 1.62 -2.41 0.04

Ratios

Figures in Rs. Crores

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 152.44 121.15 93.70 167.26 103.97 152.86 163.47 136.04 198.19 218.56 167.67 659.90
Inventory Days 80.32 55.42 71.18 190.53 168.43 147.34 85.65 29.43 100.16 109.28 39.39 11.91
Days Payable 52.50 58.56 31.01 85.09 46.37 71.98 161.85 116.40 175.15 114.50 72.58 167.97
Cash Conversion Cycle 180.27 118.02 133.86 272.71 226.03 228.22 87.27 49.07 123.19 213.33 134.49 503.84
Working Capital Days 161.64 93.82 116.99 178.88 139.66 205.82 117.57 75.99 156.86 188.93 140.53 611.41
ROCE % 2.22% 4.04% -0.90% -3.35% -4.29% -10.73% -17.02% 18.52% 5.38% -10.44% -20.41% -13.88%

Shareholding Pattern

Numbers in percentages

106 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
65.07% 65.07% 65.07% 65.07% 65.07% 35.11% 35.17% 35.17% 35.17% 35.17% 35.17% 35.17%
0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 3.42%
0.00% 0.00% 0.00% 0.00% 0.00% 26.94% 25.05% 25.05% 25.05% 25.05% 25.05% 0.00%
34.93% 34.93% 34.93% 34.93% 34.93% 37.95% 39.78% 39.80% 39.78% 39.79% 39.79% 61.41%
No. of Shareholders 6,0476,2347,8687,8858,0768,3958,9508,4478,5078,5208,69610,615

* 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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