TVS Electronics Ltd

TVS Electronics Ltd

₹ 328 0.80%
14 Jun - close price
About

Established in 1986, TVS Electronics Ltd manufactures and sells a wide range of products such as POS devices, printers, and keyboards. The company also provides comprehensive service solutions for various OEMs through exclusive service centers, multi-brand service centers, onsite support, repair centers, and integrated factory facilities.[1]

Key Points

Business Overview:[1][2][3]
TVS-E is an ISO 9001:2015 & ISO 14001
:2015 certified transaction Automation
Products company. It is in the business
of IT peripherals, point-of-sale solutions,
field support services, and infra-managed services for IT. Company's portfolio caters
to the entire lifecycle management process, including product ideation, manufacturing, customer support services, warranty management, and end-of-life services.

  • Market Cap 611 Cr.
  • Current Price 328
  • High / Low 433 / 235
  • Stock P/E 2,262
  • Book Value 53.0
  • Dividend Yield 0.61 %
  • ROCE 1.01 %
  • ROE 0.27 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 252%

Cons

  • Stock is trading at 6.18 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 8.42% over last 3 years.
  • Debtor days have increased from 50.7 to 62.6 days.
  • Working capital days have increased from 33.4 days to 68.7 days

* 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: IT - Hardware Industry: Computers - Hardware

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
72.36 54.18 77.97 87.35 88.42 86.30 93.33 88.61 85.24 89.84 92.19 86.94 97.08
64.70 53.24 68.75 78.93 80.62 79.85 87.40 84.39 82.08 87.29 88.34 86.43 94.48
Operating Profit 7.66 0.94 9.22 8.42 7.80 6.45 5.93 4.22 3.16 2.55 3.85 0.51 2.60
OPM % 10.59% 1.73% 11.83% 9.64% 8.82% 7.47% 6.35% 4.76% 3.71% 2.84% 4.18% 0.59% 2.68%
0.25 0.28 0.23 0.28 0.93 0.56 1.39 -0.29 -0.13 0.47 0.52 0.53 1.12
Interest 0.14 0.22 0.27 0.12 0.35 0.26 0.78 0.16 0.17 0.29 0.50 0.48 0.69
Depreciation 1.72 1.53 1.40 1.48 1.92 1.80 2.16 2.40 0.73 2.31 2.63 2.81 3.12
Profit before tax 6.05 -0.53 7.78 7.10 6.46 4.95 4.38 1.37 2.13 0.42 1.24 -2.25 -0.09
Tax % 3.31% 7.55% 23.01% 28.17% 30.50% 23.23% 35.84% -1.46% 29.11% 23.81% 9.68% 22.67% 733.33%
5.85 -0.49 5.99 5.10 4.49 3.80 2.81 1.39 1.51 0.32 1.12 -1.74 0.57
EPS in Rs 3.14 -0.26 3.21 2.73 2.41 2.04 1.51 0.75 0.81 0.17 0.60 -0.93 0.31
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
235 247 270 594 2,519 4,107 2,757 259 225 308 353 366
227 235 254 577 2,504 4,083 2,739 247 215 281 334 357
Operating Profit 8 12 16 16 15 25 18 11 9 27 20 10
OPM % 4% 5% 6% 3% 1% 1% 1% 4% 4% 9% 6% 3%
2 1 1 3 2 5 -0 1 1 2 2 3
Interest 10 7 7 6 3 1 0 2 2 1 1 2
Depreciation 6 6 7 9 6 4 4 10 8 6 7 11
Profit before tax -5 1 3 5 9 24 14 -0 1 21 13 -1
Tax % -59% 39% 28% 21% 27% 34% 48% 2,050% 18% 27% 26% 140%
-8 0 2 4 6 16 7 0 1 15 10 0
EPS in Rs -4.53 0.22 1.27 2.32 3.40 8.73 4.00 0.21 0.41 8.10 5.10 0.14
Dividend Payout % 0% 0% 0% 0% 15% 17% 38% 717% 0% 25% 39% 691%
Compounded Sales Growth
10 Years: 4%
5 Years: -33%
3 Years: 18%
TTM: 4%
Compounded Profit Growth
10 Years: -9%
5 Years: -51%
3 Years: -39%
TTM: -97%
Stock Price CAGR
10 Years: 28%
5 Years: 15%
3 Years: 26%
1 Year: -20%
Return on Equity
10 Years: 9%
5 Years: 7%
3 Years: 8%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 18 18 18 19 19 19 19 19 19 19 19 19
Reserves 17 17 20 25 49 65 68 62 63 74 83 80
65 58 53 35 24 3 0 26 7 9 14 40
42 40 51 79 292 949 78 71 81 101 106 105
Total Liabilities 141 134 142 157 383 1,036 165 178 170 203 221 244
47 45 41 38 32 28 30 37 29 26 34 57
CWIP 0 0 0 0 0 0 0 1 3 1 3 0
Investments 2 1 1 0 7 5 16 1 17 35 12 26
93 87 100 118 344 1,003 118 139 121 140 171 161
Total Assets 141 134 142 157 383 1,036 165 178 170 203 221 244

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
10 13 10 27 20 40 -6 -6 34 26 -8 14
4 -3 -4 -3 -1 0 -16 17 -19 -20 6 -39
-10 -14 -8 -20 -12 -21 -7 -0 -21 -4 1 19
Net Cash Flow 3 -4 -1 4 7 19 -29 11 -6 2 -1 -6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 36 42 39 18 18 36 3 60 45 42 48 63
Inventory Days 40 37 58 32 23 45 4 90 122 112 122 106
Days Payable 51 49 59 38 42 86 8 156 198 162 134 139
Cash Conversion Cycle 26 31 39 11 -1 -6 -0 -6 -32 -9 36 30
Working Capital Days 23 26 24 4 -0 -2 0 35 4 3 28 69
ROCE % 4% 9% 11% 11% 13% 25% 21% 6% 4% 22% 12%

Shareholding Pattern

Numbers in percentages

12 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
59.84% 59.84% 59.84% 59.91% 59.91% 59.91% 59.91% 59.91% 59.91% 59.91% 59.91% 59.91%
0.00% 0.00% 0.24% 0.43% 0.26% 0.42% 0.46% 0.09% 0.01% 0.00% 0.00% 0.25%
0.01% 0.02% 0.01% 0.01% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
40.15% 40.15% 39.91% 39.65% 39.82% 39.64% 39.61% 39.98% 40.07% 40.07% 40.07% 39.82%
No. of Shareholders 37,48239,86741,24543,72244,68343,97042,49443,60544,19946,66547,76048,602

* 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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