Tinplate Company of India Ltd

₹ 298 0.71%
12 Aug - close price
tatatinplate.com BSE: 504966 NSE : TINPLATE
About

Tinplate Company of India Limited (TCIL) is a producer of tin coated and tin free steel sheets in India. It is a Subsidiary of Tata Steel Limited. [1]

Key Points

Products
The tinplate manufactured by the co is used for packaging of edible oil, paints & chemicals, processed foods, battery etc. It has categorised its products into:
Electrolytic Tinplate (ETP), Double Reduced Tinplate, Soft Double Reduced Electrolytic Tinplate.
Tin Free Steel (TFS)/Electrolytic Chromium Coated Steel (ECCS) - Single and Double Reduced Tin Free Steel
Value-added/downstream products - Lacquered/Coated ETP, Printed ETP, PAXEL cans etc. [1]

Website BSE NSE
  • Market Cap ₹ 3,116 Cr.
  • Current Price ₹ 298
  • High / Low ₹ 443 / 211
  • Stock P/E 8.44
  • Book Value ₹ 112
  • Dividend Yield 1.34 %
  • ROCE 46.8 %
  • ROE 34.9 %
  • Face Value ₹ 10.0
Edit ratios
Maninder Nath Banerjee
Maninder Nath Banerjee
He did a hunger strike at Fatehgarh jail for the better treatment of political prisoners. After a 66 days of hunger, he died on 20 June 1934 in the lap of a fellow prisoner Manmath Nath Gupt.
Unsung Heroes →
 Yatiyatna Lal
Yatiyatna Lal
He organized Civil Disobedience Movement. He also campaigned against alcoholism, child marriages, dead feasts, animal and bird sacrifices.
Unsung Heroes →

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 65.9% CAGR over last 5 years

Cons

* 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: Non Ferrous Metals Industry: Mining / Minerals / Metals

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Quarterly Results

Figures in Rs. Crores

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
561 538 534 472 380 531 615 755 866 977 1,180 1,227 1,007
535 509 493 418 374 500 561 670 765 870 1,046 1,068 886
Operating Profit 26 30 41 55 6 32 54 85 101 107 133 159 120
OPM % 5% 6% 8% 12% 2% 6% 9% 11% 12% 11% 11% 13% 12%
7 5 5 7 4 5 7 8 8 10 10 11 11
Interest 1 1 2 6 2 2 1 3 2 2 2 2 2
Depreciation 16 15 15 15 15 15 15 15 15 15 15 16 15
Profit before tax 16 19 29 40 -7 20 44 74 92 100 127 152 114
Tax % 44% 34% -58% 32% -2% 20% 26% 25% 25% 25% 25% 25% 25%
Net Profit 9 13 46 27 -7 16 33 56 69 75 95 114 85
EPS in Rs 0.84 1.21 4.44 2.59 -0.66 1.54 3.14 5.37 6.56 7.16 9.07 10.93 8.12
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
794 627 877 1,059 911 836 830 1,919 2,584 2,106 2,281 4,250 4,390
710 553 765 911 787 669 739 1,755 2,451 1,954 2,104 3,748 3,870
Operating Profit 84 74 112 148 124 167 91 164 133 151 177 501 519
OPM % 11% 12% 13% 14% 14% 20% 11% 9% 5% 7% 8% 12% 12%
18 19 21 25 27 18 18 16 29 24 24 39 43
Interest 14 17 25 21 12 6 3 3 7 10 8 8 8
Depreciation 36 48 58 61 71 73 66 62 64 61 62 61 61
Profit before tax 51 28 50 91 68 106 41 115 92 104 132 471 493
Tax % 30% 41% 43% 31% 34% 36% 32% 37% 37% 9% 26% 25%
Net Profit 36 17 28 63 45 68 28 73 58 95 98 353 369
EPS in Rs 4.98 1.58 2.70 6.00 4.26 6.48 2.66 6.99 5.54 9.08 9.38 33.72 35.28
Dividend Payout % 24% 54% 37% 27% 38% 31% 60% 29% 36% 11% 21% 12%
Compounded Sales Growth
10 Years: 21%
5 Years: 39%
3 Years: 18%
TTM: 59%
Compounded Profit Growth
10 Years: 36%
5 Years: 66%
3 Years: 82%
TTM: 113%
Stock Price CAGR
10 Years: 18%
5 Years: 16%
3 Years: 42%
1 Year: 18%
Return on Equity
10 Years: 13%
5 Years: 17%
3 Years: 21%
Last Year: 35%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
184 217 207 151 105 105 105 105 105 105 105 105
Reserves 247 389 395 429 444 518 517 572 606 656 741 1,066
320 135 156 91 45 0 0 0 0 14 13 12
344 325 342 321 277 244 251 431 465 424 496 798
Total Liabilities 983 953 998 946 871 867 874 1,107 1,176 1,198 1,356 1,981
464 753 762 723 680 628 604 567 563 578 545 556
CWIP 270 36 12 26 17 43 24 43 42 23 15 54
Investments 0 0 0 0 0 5 38 51 97 93 72 213
249 164 223 196 173 190 208 446 474 503 723 1,157
Total Assets 983 953 998 946 871 867 874 1,107 1,176 1,198 1,356 1,981

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
34 114 84 199 170 114 91 108 124 53 252 454
-115 -64 -50 -35 -35 -36 -57 -51 -104 -32 -162 -373
66 -52 -34 -164 -134 -75 -28 -23 -32 -33 -18 -31
Net Cash Flow -15 -1 0 -1 1 3 5 34 -12 -12 73 50

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 14 24 35 20 14 22 36 19 18 12 12 5
Inventory Days 35 85 68 56 80 149 85 57 41 85 63 53
Days Payable 20 84 59 61 90 113 90 53 41 53 56 50
Cash Conversion Cycle 29 24 44 16 4 59 31 23 17 44 19 8
Working Capital Days -82 -21 7 -10 -17 28 36 18 13 26 9 -1
ROCE % 10% 6% 10% 16% 13% 18% 7% 18% 14% 15% 17% 47%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
74.96 74.96 74.96 74.96 74.96 74.96 74.96 74.96 74.96 74.96 74.96 74.96
1.03 1.05 1.14 0.93 0.79 0.89 0.73 2.42 2.61 2.66 2.97 3.01
0.23 0.11 0.12 0.18 0.01 0.00 0.01 0.01 0.01 0.00 0.01 0.01
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
23.76 23.86 23.76 23.91 24.23 24.13 24.28 22.60 22.41 22.36 22.04 22.00

Documents

Announcements

Annual reports

Right Issue

Credit ratings

Maninder Nath Banerjee
Maninder Nath Banerjee
He did a hunger strike at Fatehgarh jail for the better treatment of political prisoners. After a 66 days of hunger, he died on 20 June 1934 in the lap of a fellow prisoner Manmath Nath Gupt.
Unsung Heroes →
 Ashfaqulla Khan
Ashfaqulla Khan
He actively fought against British Forces. He was arrested for his involvement in 'Kakori Train Robbery' and hanged in 1927.
Unsung Heroes →