Tamil Nadu Petro Products Ltd

₹ 84.3 -0.82%

13 Dec - close price

About

Incorporated in 1984, Tamilnadu Petroproducts Ltd manufactures and sells petrochemical products^[1]

Key Points

Business Overview:^[1]^[2]
TPL, part of the AM International group, was established as a joint venture between SPIC Ltd and Tamil Nadu Industrial Development Corporation. It manufactures petroproducts such as LAB, HCD, and PO. TPL secures firm off-take agreements with major FMCG companies under annual contracts, with prices adjusted monthly based on international raw material prices.

Website BSE NSE

Market Cap ₹ 759 Cr.
Current Price ₹ 84.3
High / Low ₹ 114 / 75.5
Stock P/E 17.1
Book Value ₹ 96.6
Dividend Yield 1.42 %
ROCE 9.14 %
ROE 6.79 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.87 times its book value
Company has been maintaining a healthy dividend payout of 17.1%
Company's working capital requirements have reduced from 32.9 days to 25.5 days

Cons

The company has delivered a poor sales growth of 6.03% over past five years.
Promoter holding is low: 34.5%
Earnings include an other income of Rs.28.6 Cr.

* 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: Petrochemicals Industry: Petrochemicals

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	459.72	449.06	435.07	556.02	603.95	510.56	479.75	451.10	433.89	345.88	437.70	462.02	449.68
	395.39	382.12	396.99	517.09	561.64	477.51	466.50	430.85	413.74	325.96	426.02	450.37	442.36
Operating Profit	64.33	66.94	38.08	38.93	42.31	33.05	13.25	20.25	20.15	19.92	11.68	11.65	7.32
OPM %	13.99%	14.91%	8.75%	7.00%	7.01%	6.47%	2.76%	4.49%	4.64%	5.76%	2.67%	2.52%	1.63%
	5.10	4.52	4.56	6.39	5.14	4.65	8.64	7.47	9.49	-6.14	11.80	16.24	6.65
Interest	1.11	1.65	1.87	1.46	1.83	1.68	1.85	1.95	1.44	1.81	1.98	1.24	1.54
Depreciation	5.97	5.90	5.81	5.11	5.23	5.21	5.75	5.12	4.77	6.28	6.44	6.28	6.35
Profit before tax	62.35	63.91	34.96	38.75	40.39	30.81	14.29	20.65	23.43	5.69	15.06	20.37	6.08
Tax %	25.47%	24.58%	28.52%	25.65%	30.97%	14.67%	21.55%	25.33%	23.99%	20.21%	18.39%	26.12%	22.37%
	46.47	48.20	24.99	28.81	27.88	26.29	11.21	15.42	17.81	4.54	12.29	15.05	4.72
EPS in Rs	5.16	5.36	2.78	3.20	3.10	2.92	1.25	1.71	1.98	0.50	1.37	1.67	0.52
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	1,281	1,052	950	701	889	1,049	1,245	1,225	1,145	1,806	2,150	1,669	1,695
	1,287	1,053	976	704	821	956	1,154	1,132	975	1,558	2,023	1,597	1,645
Operating Profit	-6	-1	-26	-4	68	93	92	93	170	248	128	72	51
OPM %	-0%	-0%	-3%	-1%	8%	9%	7%	8%	15%	14%	6%	4%	3%
	24	15	13	73	28	15	10	17	35	18	25	23	29
Interest	32	32	20	15	34	7	7	9	7	6	7	7	7
Depreciation	39	30	21	18	16	22	20	22	23	24	21	23	25
Profit before tax	-52	-49	-54	37	46	79	75	79	175	236	124	65	47
Tax %	-42%	-38%	-34%	0%	71%	32%	23%	20%	28%	26%	24%	23%
	-34	-35	-43	37	13	53	57	63	126	175	94	50	37
EPS in Rs	-3.78	-3.90	-4.74	4.10	1.49	5.93	6.34	7.03	14.03	19.49	10.47	5.56	4.06
Dividend Payout %	0%	0%	0%	0%	0%	8%	16%	21%	18%	15%	14%	22%

Compounded Sales Growth
10 Years:	5%
5 Years:	6%
3 Years:	13%
TTM:	-10%

Compounded Profit Growth
10 Years:	14%
5 Years:	0%
3 Years:	-20%
TTM:	-37%

Stock Price CAGR
10 Years:	22%
5 Years:	20%
3 Years:	-7%
1 Year:	-11%

Return on Equity
10 Years:	11%
5 Years:	15%
3 Years:	14%
Last Year:	7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	90	90	90	90	90	90	90	90	90	90	90	90	90
Reserves	268	232	175	212	224	277	335	392	501	658	731	769	780
	197	159	102	67	45	36	40	37	51	56	76	18	58
	264	225	227	120	166	193	164	156	152	177	205	213	243
Total Liabilities	818	705	594	489	524	596	629	674	794	981	1,102	1,091	1,170
	313	288	247	218	216	193	230	292	281	267	247	304	294
CWIP	15	14	18	15	15	37	20	3	1	27	103	49	147
Investments	13	9	2	0	0	3	1	1	1	1	7	15	15
	476	394	328	256	293	363	377	378	510	685	745	722	715
Total Assets	818	705	594	489	524	596	629	674	794	981	1,102	1,091	1,170

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-50	55	34	73	46	82	78	86	93	112	87	161
	106	11	43	16	-19	-68	-61	-48	-87	-96	-58	-70
	-6	-71	-76	-50	-29	-12	-8	-23	-4	-22	-12	-78
Net Cash Flow	50	-4	1	39	-2	2	8	14	1	-6	17	13

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	29	27	25	16	28	23	21	15	26	23	24	21
Inventory Days	104	83	46	52	50	68	42	44	60	61	49	46
Days Payable	93	77	82	67	70	64	35	29	32	27	27	38
Cash Conversion Cycle	40	32	-11	2	8	27	28	29	55	57	46	29
Working Capital Days	42	22	-7	-3	22	14	16	12	28	37	37	25
ROCE %	-7%	-3%	-8%	-4%	16%	21%	19%	18%	28%	34%	15%	9%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	34.54%	34.54%	34.54%	34.54%	34.54%	34.54%	34.54%	34.54%	34.54%	34.54%	34.54%	34.54%
	9.00%	9.61%	9.75%	10.16%	10.17%	8.02%	7.94%	7.74%	7.10%	6.14%	6.18%	5.85%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	56.43%	55.82%	55.68%	55.25%	55.24%	57.40%	57.46%	57.69%	58.33%	59.27%	59.24%	59.58%
No. of Shareholders	1,12,279	1,12,107	1,14,331	1,30,797	1,33,811	1,32,399	1,31,121	1,32,289	1,30,928	1,29,345	1,29,511	1,37,342

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	34.54%	34.54%	34.54%	34.54%	34.54%	34.54%	34.54%	34.54%	34.54%
	0.00%	1.89%	4.21%	5.08%	5.03%	9.61%	8.02%	6.14%	5.85%
	6.32%	5.02%	5.05%	4.35%	2.53%	0.03%	0.03%	0.03%	0.03%
	59.14%	58.55%	56.20%	56.02%	57.90%	55.82%	57.40%	59.27%	59.58%
No. of Shareholders	80,903	79,839	81,874	77,896	88,912	1,12,107	1,32,399	1,29,345	1,37,342

* 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.

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Tamil Nadu Petro Products Ltd

Tamil Nadu Petro Products Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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