Tinplate Company of India Ltd
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]
- 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


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
Quarterly Results
Figures in Rs. Crores
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% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 11 Aug
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 8 Aug
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 3 Aug
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1 Aug
- Announcement under Regulation 30 (LODR)-Newspaper Publication 23 Jul
Annual reports
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2013
from nse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2011
from nse
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Financial Year 2010
from bse
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Financial Year 2010
from nse
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]