Tijaria Polypipes Ltd

Tijaria Polypipes Ltd

₹ 17.1 4.91%
26 Jul - close price
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.

  • Market Cap 48.9 Cr.
  • Current Price 17.1
  • High / Low 29.2 / 5.05
  • Stock P/E
  • Book Value -9.46
  • Dividend Yield 0.00 %
  • ROCE -5.88 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -74.9% over past five years.
  • Promoter holding is low: 35.2%
  • Contingent liabilities of Rs.3,604 Cr.
  • Company has high debtors of 60,785 days.
  • Promoter holding has decreased over last 3 years: -29.9%
  • Working capital days have increased from 15,994 days to 47,231 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
23.92 13.14 10.48 17.70 13.56 9.91 0.09 0.00 3.84 0.04 0.00 0.00 0.11
27.48 14.15 12.17 19.74 18.19 11.53 0.43 0.29 5.86 0.23 0.01 0.03 0.20
Operating Profit -3.56 -1.01 -1.69 -2.04 -4.63 -1.62 -0.34 -0.29 -2.02 -0.19 -0.01 -0.03 -0.09
OPM % -14.88% -7.69% -16.13% -11.53% -34.14% -16.35% -377.78% -52.60% -475.00% -81.82%
0.71 0.03 0.04 0.04 0.11 0.06 0.03 0.03 0.04 0.02 0.04 0.03 0.08
Interest 1.51 2.53 1.87 2.02 2.01 1.96 0.03 0.01 0.01 0.00 0.00 0.00 0.00
Depreciation 1.23 1.04 1.06 1.03 1.00 0.85 0.83 0.83 0.80 0.68 0.69 0.69 0.70
Profit before tax -5.59 -4.55 -4.58 -5.05 -7.53 -4.37 -1.17 -1.10 -2.79 -0.85 -0.66 -0.69 -0.71
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%
-5.60 -4.55 -4.58 -5.05 -7.53 -4.37 -1.17 -1.11 -2.80 -0.85 -0.66 -0.69 -0.71
EPS in Rs -1.96 -1.59 -1.60 -1.76 -2.63 -1.53 -0.41 -0.39 -0.98 -0.30 -0.23 -0.24 -0.25
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
127.95 108.57 69.11 87.03 63.54 76.34 149.53 73.39 62.46 54.88 13.85 0.15
114.39 99.49 61.05 80.92 66.07 83.95 129.73 64.62 66.11 63.93 18.10 0.45
Operating Profit 13.56 9.08 8.06 6.11 -2.53 -7.61 19.80 8.77 -3.65 -9.05 -4.25 -0.30
OPM % 10.60% 8.36% 11.66% 7.02% -3.98% -9.97% 13.24% 11.95% -5.84% -16.49% -30.69% -200.00%
0.09 0.00 5.05 0.19 -1.42 -1.06 0.67 0.36 0.91 -0.11 0.13 0.17
Interest 5.36 8.85 8.73 9.10 7.18 7.51 7.94 6.40 6.51 8.42 2.01 0.02
Depreciation 8.03 10.43 13.53 11.80 9.78 8.23 6.34 5.20 4.76 4.13 3.32 2.76
Profit before tax 0.26 -10.20 -9.15 -14.60 -20.91 -24.41 6.19 -2.47 -14.01 -21.71 -9.45 -2.91
Tax % -234.62% 5.98% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.87 -10.80 -9.15 -14.60 -20.92 -24.41 6.19 -2.46 -14.01 -21.70 -9.46 -2.92
EPS in Rs 0.37 -4.57 -3.87 -6.18 -8.85 -10.33 2.32 -0.86 -4.89 -7.58 -3.30 -1.02
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: -48%
5 Years: -75%
3 Years: -87%
TTM: -99%
Compounded Profit Growth
10 Years: 6%
5 Years: %
3 Years: 22%
TTM: 69%
Stock Price CAGR
10 Years: 18%
5 Years: 10%
3 Years: 31%
1 Year: 216%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 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 66.30 55.50 46.31 31.71 10.79 -13.65 -6.06 -7.73 -21.66 -43.35 -52.78 -55.70
53.51 65.58 62.07 64.63 67.23 69.90 54.12 50.76 65.88 69.15 76.36 72.40
19.27 10.00 13.54 10.87 13.36 32.04 35.79 24.14 24.02 13.27 9.32 9.19
Total Liabilities 162.71 154.71 145.55 130.84 115.01 111.92 110.57 95.80 96.87 67.70 61.53 54.52
86.26 90.33 75.67 65.41 57.71 47.13 39.19 34.52 33.56 28.79 25.31 22.55
CWIP 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 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
71.45 57.35 68.63 64.07 57.30 64.79 71.38 61.28 63.18 38.91 36.22 31.97
Total Assets 162.71 154.71 145.55 130.84 115.01 111.92 110.57 95.80 96.87 67.70 61.53 54.52

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
26.78 8.52 11.83 6.00 -4.39 5.80 14.92 8.53 -3.40 2.15 -5.33 3.88
-29.50 -16.51 11.01 -1.69 -0.72 -0.02 3.44 -0.20 -3.58 0.58 0.17 0.05
2.34 7.70 -22.14 -5.15 6.63 -5.55 -20.35 -7.68 8.60 -5.14 5.20 -3.98
Net Cash Flow -0.38 -0.29 0.70 -0.85 1.51 0.22 -1.99 0.65 1.62 -2.41 0.04 -0.05

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 121.15 93.70 167.26 103.97 152.86 163.47 136.04 198.19 218.56 167.67 659.90 60,784.67
Inventory Days 55.42 71.18 190.53 168.43 147.34 85.65 29.43 100.16 109.28 39.39 11.91 997.67
Days Payable 58.56 31.01 85.09 46.37 71.98 161.85 116.40 175.15 114.50 72.58 167.97 16,863.00
Cash Conversion Cycle 118.02 133.86 272.71 226.03 228.22 87.27 49.07 123.19 213.33 134.49 503.84 44,919.33
Working Capital Days 93.82 116.99 178.88 139.66 205.82 117.57 75.99 156.86 188.93 140.53 611.41 47,231.00
ROCE % 4.04% -0.90% -3.35% -4.29% -10.73% -17.02% 18.52% 5.38% -10.44% -20.41% -13.88% -5.88%

Shareholding Pattern

Numbers in percentages

3 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
65.07% 65.07% 65.07% 65.07% 35.11% 35.17% 35.17% 35.17% 35.17% 35.17% 35.17% 35.17%
0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 3.42% 6.13%
0.00% 0.00% 0.00% 0.00% 26.94% 25.05% 25.05% 25.05% 25.05% 25.05% 0.00% 0.00%
34.93% 34.93% 34.93% 34.93% 37.95% 39.78% 39.80% 39.78% 39.79% 39.79% 61.41% 58.69%
No. of Shareholders 6,2347,8687,8858,0768,3958,9508,4478,5078,5208,69610,61510,203

* 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.

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