Tamil Nadu Petro Products Ltd

₹ 97.8 0.46%
12 Aug - 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 880 Cr.
  • Current Price 97.8
  • High / Low 143 / 80.0
  • Stock P/E 5.93
  • Book Value 83.2
  • Dividend Yield 3.07 %
  • ROCE 33.7 %
  • ROE 26.2 %
  • Face Value 10.0
Manoranjan Sen Gupta
Manoranjan Sen Gupta
He was only 15 years old when he took part in swadeshi dacoities.
Unsung Heroes →
Bhikubhai Gomansinh Solanki
Bhikubhai Gomansinh Solanki
He helped in liberation of Dadra and Nagar Haveli. He strategically coordinated with freedom fighters and captured Naroli during the time of floods. People of Naroli called him Kazi because he solved the problems of people.
Unsung Heroes →

Pros

  • Company is almost debt free.
  • Stock is trading at 1.18 times its book value
  • Stock is providing a good dividend yield of 3.07%.
  • 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

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
343 340 281 260 220 285 291 350 462 460 449 435 556
313 310 257 252 198 248 256 278 383 395 382 397 517
Operating Profit 30 30 24 8 22 37 34 72 78 64 67 38 39
OPM % 9% 9% 9% 3% 10% 13% 12% 20% 17% 14% 15% 9% 7%
2 3 3 8 3 5 4 28 4 5 5 5 6
Interest 2 2 2 3 2 1 1 3 1 1 2 2 1
Depreciation 5 5 5 5 6 6 6 6 6 6 6 6 5
Profit before tax 25 26 19 9 18 34 32 91 75 62 64 35 39
Tax % 21% 14% 27% 15% 24% 25% 27% 30% 26% 25% 25% 29% 26%
Net Profit 20 22 14 7 13 26 23 64 56 46 48 25 29
EPS in Rs 2.21 2.43 1.58 0.81 1.50 2.87 2.57 7.09 6.19 5.16 5.36 2.78 3.20

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 1,900
963 1,187 1,287 1,053 976 704 821 956 1,154 1,132 975 1,558 1,692
Operating Profit 58 61 -6 -1 -26 -4 68 93 92 93 170 248 208
OPM % 6% 5% -0% -0% -3% -1% 8% 9% 7% 8% 15% 14% 11%
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 6
Depreciation 38 37 39 30 21 18 16 22 20 22 23 24 23
Profit before tax 19 3 -52 -49 -54 37 46 79 75 79 175 236 200
Tax % -0% 16% 42% 38% 34% 0% 71% 32% 23% 20% 28% 26%
Net Profit 23 -0 -34 -35 -43 37 13 53 57 63 126 175 148
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 16.50
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: 37%
Compounded Profit Growth
10 Years: 38%
5 Years: 136%
3 Years: 45%
TTM: -2%
Stock Price CAGR
10 Years: 22%
5 Years: 14%
3 Years: 44%
1 Year: -21%
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
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
100 166 197 159 102 67 45 36 40 37 44 56
293 264 264 225 227 120 166 193 164 156 159 177
Total Liabilities 790 822 818 705 594 489 524 596 629 674 794 981
368 320 313 288 247 218 216 193 230 292 281 267
CWIP 80 98 15 14 18 15 15 37 20 3 1 27
Investments 24 15 13 9 2 0 0 3 1 1 1 1
318 389 476 394 328 256 293 363 377 378 510 685
Total Assets 790 822 818 705 594 489 524 596 629 674 794 981

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 86 100 112
76 -22 106 11 43 16 -19 -68 -61 -48 -87 -96
-98 7 -6 -71 -76 -50 -29 -12 -8 -23 -11 -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 39 54 59 64 67 65 61 35 29 32 27
Cash Conversion Cycle -9 53 79 50 7 2 13 31 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 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
4.42 5.08 5.08 5.08 5.03 5.03 5.03 5.23 7.13 9.00 9.61 9.75
5.00 4.98 4.35 4.35 4.26 4.26 2.53 0.03 0.03 0.03 0.03 0.03
56.04 55.40 56.02 56.03 56.16 56.16 57.90 60.20 58.29 56.43 55.82 55.68

Documents

Jass Kaur
Jass Kaur
She was responsible for the well-being of Ghadarites who came to Jhar Sahib Gurdwara for shelter. She also planned the proposed rebellion. Gurdwara was the secret meeting place for Ghadar Party members.
Unsung Heroes →
Prafullanalini Bramha
Prafullanalini Bramha
She was a member of the Yugantar. They formed small groups of girls (Girls' Club) and trained them in revolver shooting and martial arts. She pursued the leaders let them have bigger roles like the boys.
Unsung Heroes →