Tamil Nadu Petro Products Ltd

About [ edit ]

Tamil Nadu Petroproducts is primarily engaged in the manufacturing and sale of petrochemical products viz., Linear Alkyl Benzene (LAB), Caustic Soda, Chlorine and its derivatives at its facilities situated at Manali, Chennai.

  • Market Cap 551 Cr.
  • Current Price 61.2
  • High / Low 63.8 / 28.0
  • Stock P/E 7.91
  • Book Value 56.1
  • Dividend Yield 2.45 %
  • ROCE 17.9 %
  • ROE 13.9 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.09 times its book value
  • Company has delivered good profit growth of 28.35% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 5.22% over past five years.
  • Promoter holding is low: 34.54%

Peer comparison

Sector: FMCG Industry: Detergents / Intermediates

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
274 335 304 333 343 340 281 260 220 285 291
256 307 281 310 313 310 257 252 198 248 256
Operating Profit 18 28 23 23 30 30 24 8 22 37 34
OPM % 7% 8% 7% 7% 9% 9% 9% 3% 10% 13% 12%
Other Income 4 2 2 2 2 3 3 8 3 5 4
Interest 1 2 2 2 2 2 2 3 2 1 1
Depreciation 5 5 5 5 5 5 5 5 6 6 6
Profit before tax 16 23 18 18 25 26 19 9 18 34 32
Tax % 37% 11% 18% 32% 21% 14% 27% 15% 24% 25% 27%
Net Profit 10 20 15 12 20 22 14 7 13 26 23
EPS in Rs 1.12 2.23 1.65 1.34 2.21 2.43 1.58 0.81 1.50 2.87 2.57

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
868 831 1,022 1,248 1,281 1,052 950 701 889 1,049 1,245 1,225 1,056
826 784 963 1,190 1,287 1,053 976 705 825 960 1,154 1,132 954
Operating Profit 42 47 58 58 -6 -1 -26 -4 64 89 92 93 101
OPM % 5% 6% 6% 5% -0% -0% -3% -1% 7% 8% 7% 8% 10%
Other Income 40 11 28 14 24 15 13 74 32 19 10 17 20
Interest 26 23 29 32 32 32 20 15 34 7 7 9 6
Depreciation 33 31 38 37 39 30 21 18 16 22 20 22 23
Profit before tax 24 4 19 3 -52 -49 -54 37 46 79 75 79 92
Tax % -20% 64% -0% 16% 42% 38% 34% 0% 71% 32% 23% 20%
Net Profit 30 4 23 -0 -34 -35 -43 37 13 53 57 63 70
EPS in Rs 3.30 0.44 2.58 -0.03 -3.78 -3.90 -4.74 4.10 1.49 5.93 6.34 7.03 7.75
Dividend Payout % -0% 115% 39% -1,799% -0% -0% -0% -0% -0% 8% 16% 21%
Compounded Sales Growth
10 Years:4%
5 Years:5%
3 Years:11%
TTM:-19%
Compounded Profit Growth
10 Years:32%
5 Years:28%
3 Years:202%
TTM:2%
Stock Price CAGR
10 Years:13%
5 Years:24%
3 Years:5%
1 Year:112%
Return on Equity
10 Years:1%
5 Years:8%
3 Years:14%
Last Year:14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
90 90 90 90 90 90 90 90 90 90 90 90 90
Reserves 296 295 307 302 268 232 175 212 224 277 335 392 414
Borrowings 151 182 100 166 197 159 102 67 45 36 40 37 74
286 283 293 264 264 225 227 120 166 193 164 156 179
Total Liabilities 823 849 790 822 818 705 594 489 524 596 629 674 757
360 382 368 320 313 288 247 218 216 193 230 292 280
CWIP 93 99 80 98 15 14 18 15 15 37 20 3 3
Investments 57 60 24 15 13 9 2 0 0 3 1 1 2
313 309 318 389 476 394 328 256 293 363 377 378 472
Total Assets 823 849 790 822 818 705 594 489 524 596 629 674 757

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
51 39 25 11 -50 55 34 73 46 82 78 86
24 -54 76 -22 106 11 43 16 -19 -68 -61 -55
-65 7 -98 7 -6 -71 -76 -50 -29 -12 -8 -23
Net Cash Flow 9 -8 2 -3 50 -4 1 39 -2 2 8 7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 9% 5% 5% 9% -7% -3% -8% -4% 16% 21% 19% 18%
Debtor Days 25 29 26 26 29 27 25 16 28 23 21 15
Inventory Turnover 11.48 8.27 8.75 9.03 6.37 5.06 7.43 8.02 10.37 8.73 10.29 11.55

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
34.54 34.54 34.54 34.54 34.54 34.54 34.54 34.54 34.54 34.54 34.54 34.54
1.89 2.89 3.88 3.88 4.21 4.42 4.42 5.08 5.08 5.08 5.03 5.03
5.02 5.01 5.05 5.06 5.05 5.01 5.00 4.98 4.35 4.35 4.26 4.26
58.55 57.56 56.53 56.52 56.20 56.03 56.04 55.40 56.02 56.03 56.16 56.16

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