Tinplate Company of India Ltd

₹ 317 0.81%
25 Nov - close price
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]

  • Market Cap 3,319 Cr.
  • Current Price 317
  • High / Low 443 / 252
  • Stock P/E 12.8
  • Book Value 112
  • Dividend Yield 1.26 %
  • 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.

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Quarterly Results

Figures in Rs. Crores

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
538 534 472 380 531 615 755 866 977 1,180 1,227 1,007 960
509 493 418 374 500 561 670 765 870 1,046 1,068 886 1,000
Operating Profit 30 41 55 6 32 54 85 101 107 133 159 120 -40
OPM % 6% 8% 12% 2% 6% 9% 11% 12% 11% 11% 13% 12% -4%
5 5 7 4 5 7 8 8 10 10 11 11 12
Interest 1 2 6 2 2 1 3 2 2 2 2 2 3
Depreciation 15 15 15 15 15 15 15 15 15 15 16 15 16
Profit before tax 19 29 40 -7 20 44 74 92 100 127 152 114 -46
Tax % 34% -58% 32% -2% 20% 26% 25% 25% 25% 25% 25% 25% 25%
Net Profit 13 46 27 -7 16 33 56 69 75 95 114 85 -35
EPS in Rs 1.21 4.44 2.59 -0.66 1.54 3.14 5.37 6.56 7.16 9.07 10.93 8.12 -3.35
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 4,372
710 553 765 911 787 669 739 1,755 2,451 1,954 2,104 3,748 4,000
Operating Profit 84 74 112 148 124 167 91 164 133 151 177 501 372
OPM % 11% 12% 13% 14% 14% 20% 11% 9% 5% 7% 8% 12% 9%
18 19 21 25 27 18 18 16 29 24 24 39 45
Interest 14 17 25 21 12 6 3 3 7 10 8 8 9
Depreciation 36 48 58 61 71 73 66 62 64 61 62 61 62
Profit before tax 51 28 50 91 68 106 41 115 92 104 132 471 346
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 98 353 259
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 24.77
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: 36%
Compounded Profit Growth
10 Years: 36%
5 Years: 66%
3 Years: 82%
TTM: 11%
Stock Price CAGR
10 Years: 20%
5 Years: 3%
3 Years: 30%
1 Year: 12%
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 Sep 2022
184 217 207 151 105 105 105 105 105 105 105 105 105
Reserves 247 389 395 429 444 518 517 572 606 656 741 1,066 1,070
320 135 156 91 45 0 0 0 0 14 13 12 11
344 325 342 321 277 244 251 431 465 424 496 798 682
Total Liabilities 983 953 998 946 871 867 874 1,107 1,176 1,198 1,356 1,981 1,868
464 753 762 723 680 628 604 567 563 578 545 556 588
CWIP 270 36 12 26 17 43 24 43 42 23 15 54 27
Investments 0 0 0 0 0 5 38 51 97 93 72 213 442
249 164 223 196 173 190 208 446 474 503 723 1,157 811
Total Assets 983 953 998 946 871 867 874 1,107 1,176 1,198 1,356 1,981 1,868

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

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 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
1.05 1.14 0.93 0.79 0.89 0.73 2.42 2.61 2.66 2.97 3.01 2.84
0.11 0.12 0.18 0.01 0.00 0.01 0.01 0.01 0.00 0.01 0.01 0.00
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
23.86 23.76 23.91 24.23 24.13 24.28 22.60 22.41 22.36 22.04 22.00 22.16

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