Tamil Nadu Petro Products Ltd

₹ 87.6 -1.35%

26 Apr - 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]

Website BSE NSE

Market Cap ₹ 789 Cr.
Current Price ₹ 87.6
High / Low ₹ 114 / 75.4
Stock P/E 12.7
Book Value ₹ 93.6
Dividend Yield 1.71 %
ROCE 15.1 %
ROE 11.8 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.94 times its book value

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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	290.52	349.97	461.73	459.72	449.06	435.07	556.02	603.95	510.56	479.75	451.10	433.89	345.88
	256.15	278.40	383.28	395.39	382.12	396.99	517.09	561.64	477.51	466.50	430.85	413.74	325.96
Operating Profit	34.37	71.57	78.45	64.33	66.94	38.08	38.93	42.31	33.05	13.25	20.25	20.15	19.92
OPM %	11.83%	20.45%	16.99%	13.99%	14.91%	8.75%	7.00%	7.01%	6.47%	2.76%	4.49%	4.64%	5.76%
	4.01	28.46	3.87	5.10	4.52	4.56	6.39	5.14	4.65	8.64	7.47	9.49	-6.14
Interest	1.03	3.47	1.18	1.11	1.65	1.87	1.46	1.83	1.68	1.85	1.95	1.44	1.81
Depreciation	5.72	5.59	5.95	5.97	5.90	5.81	5.11	5.23	5.21	5.75	5.12	4.77	6.28
Profit before tax	31.63	90.97	75.19	62.35	63.91	34.96	38.75	40.39	30.81	14.29	20.65	23.43	5.69
Tax %	26.94%	29.86%	25.92%	25.47%	24.58%	28.52%	25.65%	30.97%	14.67%	21.55%	25.33%	23.99%	20.21%
	23.11	63.81	55.70	46.47	48.20	24.99	28.81	27.88	26.29	11.21	15.42	17.81	4.54
EPS in Rs	2.57	7.09	6.19	5.16	5.36	2.78	3.20	3.10	2.92	1.25	1.71	1.98	0.50
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	1,248	1,281	1,052	950	701	889	1,049	1,245	1,225	1,145	1,806	2,150	1,711
	1,187	1,287	1,053	976	704	821	956	1,154	1,132	975	1,558	2,023	1,637
Operating Profit	61	-6	-1	-26	-4	68	93	92	93	170	248	128	74
OPM %	5%	-0%	-0%	-3%	-1%	8%	9%	7%	8%	15%	14%	6%	4%
	11	24	15	13	73	28	15	10	17	35	18	25	19
Interest	32	32	32	20	15	34	7	7	9	7	6	7	7
Depreciation	37	39	30	21	18	16	22	20	22	23	24	21	22
Profit before tax	3	-52	-49	-54	37	46	79	75	79	175	236	124	64
Tax %	16%	42%	38%	34%	0%	71%	32%	23%	20%	28%	26%	24%
	-0	-34	-35	-43	37	13	53	57	63	126	175	94	49
EPS in Rs	-0.03	-3.78	-3.90	-4.74	4.10	1.49	5.93	6.34	7.03	14.03	19.49	10.47	5.44
Dividend Payout %	-1,799%	0%	0%	0%	0%	0%	8%	16%	21%	18%	15%	14%

Compounded Sales Growth
10 Years:	5%
5 Years:	15%
3 Years:	21%
TTM:	-19%

Compounded Profit Growth
10 Years:	14%
5 Years:	13%
3 Years:	14%
TTM:	-42%

Stock Price CAGR
10 Years:	22%
5 Years:	18%
3 Years:	7%
1 Year:	5%

Return on Equity
10 Years:	10%
5 Years:	18%
3 Years:	19%
Last Year:	12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	90	90	90	90	90	90	90	90	90	90	90	90	90
Reserves	316	268	232	175	212	224	277	335	392	501	658	735	752
	166	197	159	102	67	45	36	40	37	51	56	76	28
	250	264	225	227	120	166	193	164	156	152	177	205	210
Total Liabilities	822	818	705	594	489	524	596	629	674	794	981	1,107	1,079
	320	313	288	247	218	216	193	230	292	281	267	252	312
CWIP	98	15	14	18	15	15	37	20	3	1	27	103	44
Investments	15	13	9	2	0	0	3	1	1	1	1	7	7
	389	476	394	328	256	293	363	377	378	510	685	745	717
Total Assets	822	818	705	594	489	524	596	629	674	794	981	1,107	1,079

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	11	-50	55	34	73	46	82	78	86	93	112	87
	-22	106	11	43	16	-19	-68	-61	-48	-87	-96	-67
	7	-6	-71	-76	-50	-29	-12	-8	-23	-4	-22	-12
Net Cash Flow	-3	50	-4	1	39	-2	2	8	14	1	-6	8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	26	29	27	25	16	28	23	21	15	26	23	24
Inventory Days	66	104	83	46	52	50	68	42	44	60	61	49
Days Payable	66	93	77	82	67	70	64	35	29	32	27	27
Cash Conversion Cycle	26	40	32	-11	2	8	27	28	29	55	57	46
Working Capital Days	33	42	22	-7	-3	22	14	16	12	28	37	37
ROCE %	8%	-7%	-3%	-8%	-4%	16%	21%	19%	18%	28%	34%	15%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 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%
	5.23%	7.13%	9.00%	9.61%	9.75%	10.16%	10.17%	8.02%	7.94%	7.74%	7.10%	6.14%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	60.20%	58.29%	56.43%	55.82%	55.68%	55.25%	55.24%	57.40%	57.46%	57.69%	58.33%	59.27%
No. of Shareholders	1,06,456	1,12,479	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

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	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%
	6.32%	5.02%	5.05%	4.35%	2.53%	0.03%	0.03%	0.03%
	59.14%	58.55%	56.20%	56.02%	57.90%	55.82%	57.40%	59.27%
No. of Shareholders	80,903	79,839	81,874	77,896	88,912	1,12,107	1,32,399	1,29,345

* 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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