Tamil Nadu Petro Products Ltd

₹ 87.0 -0.91%
03 Feb - close price
About

Tamilnadu Petroproducts Limited, headquartered at Chennai, Tamilnadu, India is jointly promoted by Southern Petrochemical Industries Corporation Limited (SPIC) and Tamilnadu Industrial Development Corporation Limited (TIDCO) and is engaged in the business of petrochemical products viz, Linear Alkyl Benzene (LAB), Caustic Soda, Chlorine and Propylene Oxide. [1]

Key Points

Products
The Co manufactures and sells petrochemical products:
Linear Alkyl Benzene (LAB) - used in the manufacture of domestic detergents, institutional and industrial cleaners.
Caustic Soda - application in paper, aluminium and various other industries for general purpose, Chlorine and Derivatives (Hydrochloric Acid, Ammonium Chloride, Sodium HypoChlorite, Hydrogen) and Propylene Oxide. [1][2][3][4]

  • Market Cap 783 Cr.
  • Current Price 87.0
  • High / Low 134 / 80.0
  • Stock P/E 6.03
  • Book Value 87.6
  • Dividend Yield 3.45 %
  • ROCE 33.5 %
  • ROE 26.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.99 times its book value
  • Stock is providing a good dividend yield of 3.45%.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 136% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 18.2%

Cons

  • Promoter holding is low: 34.5%

* 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: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
340 281 260 220 285 291 350 462 460 449 435 556 604
310 257 252 198 248 256 278 383 395 382 397 517 562
Operating Profit 30 24 8 22 37 34 72 78 64 67 38 39 42
OPM % 9% 9% 3% 10% 13% 12% 20% 17% 14% 15% 9% 7% 7%
3 3 8 3 5 4 28 4 5 5 5 6 5
Interest 2 2 3 2 1 1 3 1 1 2 2 1 2
Depreciation 5 5 5 6 6 6 6 6 6 6 6 5 5
Profit before tax 26 19 9 18 34 32 91 75 62 64 35 39 40
Tax % 14% 27% 15% 24% 25% 27% 30% 26% 25% 25% 29% 26% 31%
Net Profit 22 14 7 13 26 23 64 56 46 48 25 29 28
EPS in Rs 2.43 1.58 0.81 1.50 2.87 2.57 7.09 6.19 5.16 5.36 2.78 3.20 3.10
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,022 1,248 1,281 1,052 950 701 889 1,049 1,245 1,225 1,145 1,806 2,044
963 1,187 1,287 1,053 976 704 821 956 1,154 1,132 975 1,558 1,858
Operating Profit 58 61 -6 -1 -26 -4 68 93 92 93 170 248 186
OPM % 6% 5% -0% -0% -3% -1% 8% 9% 7% 8% 15% 14% 9%
28 11 24 15 13 73 28 15 10 17 35 18 21
Interest 29 32 32 32 20 15 34 7 7 9 7 6 7
Depreciation 38 37 39 30 21 18 16 22 20 22 23 24 22
Profit before tax 19 3 -52 -49 -54 37 46 79 75 79 175 236 178
Tax % -0% 16% 42% 38% 34% 0% 71% 32% 23% 20% 28% 26%
Net Profit 23 -0 -34 -35 -43 37 13 53 57 63 126 175 130
EPS in Rs 2.58 -0.03 -3.78 -3.90 -4.74 4.10 1.49 5.93 6.34 7.03 14.03 19.49 14.44
Dividend Payout % 39% -1,799% 0% 0% 0% 0% 0% 8% 16% 21% 18% 15%
Compounded Sales Growth
10 Years: 4%
5 Years: 15%
3 Years: 13%
TTM: 31%
Compounded Profit Growth
10 Years: 38%
5 Years: 136%
3 Years: 45%
TTM: -25%
Stock Price CAGR
10 Years: 22%
5 Years: 9%
3 Years: 30%
1 Year: -18%
Return on Equity
10 Years: 7%
5 Years: 19%
3 Years: 21%
Last Year: 26%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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
90 90 90 90 90 90 90 90 90 90 90 90 90
Reserves 307 302 268 232 175 212 224 277 335 392 501 658 699
100 166 197 159 102 67 45 36 40 37 51 56 27
293 264 264 225 227 120 166 193 164 156 152 177 233
Total Liabilities 790 822 818 705 594 489 524 596 629 674 794 981 1,048
368 320 313 288 247 218 216 193 230 292 281 267 259
CWIP 80 98 15 14 18 15 15 37 20 3 1 27 34
Investments 24 15 13 9 2 0 0 3 1 1 1 1 1
318 389 476 394 328 256 293 363 377 378 510 685 755
Total Assets 790 822 818 705 594 489 524 596 629 674 794 981 1,048

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
25 11 -50 55 34 73 46 82 78 86 93 112
76 -22 106 11 43 16 -19 -68 -61 -48 -87 -96
-98 7 -6 -71 -76 -50 -29 -12 -8 -23 -4 -22
Net Cash Flow 2 -3 50 -4 1 39 -2 2 8 14 1 -6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 26 26 29 27 25 16 28 23 21 15 26 23
Inventory Days 61 66 104 83 46 52 50 68 42 44 60 61
Days Payable 96 66 93 77 82 67 70 64 35 29 32 27
Cash Conversion Cycle -9 26 40 32 -11 2 8 27 28 29 55 57
Working Capital Days 10 33 42 22 -7 -3 22 14 16 12 28 37
ROCE % 5% 9% -7% -3% -8% -4% 16% 21% 19% 18% 28% 34%

Shareholding Pattern

Numbers in percentages

1 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
34.54 34.54 34.54 34.54 34.54 34.54 34.54 34.54 34.54 34.54 34.54 34.54
5.08 5.08 5.03 5.03 5.03 5.23 7.13 9.00 9.61 9.75 10.16 10.17
4.35 4.35 4.26 4.26 2.53 0.03 0.03 0.03 0.03 0.03 0.03 0.03
56.02 56.03 56.16 56.16 57.90 60.20 58.29 56.43 55.82 55.68 55.25 55.24

* 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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