TVS Electronics Ltd

TVS Elec. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

TVS Electronics Ltd

₹ 342 -4.05%
24 Mar - close price
tvs-e.in BSE: 532513 NSE : TVSELECT
About

TVS Electronics Ltd manufactures and sells Point of sale devices, Printers, Keyboards, etc. besides providing service for various Original Equipment Manufacturers via delivery models like exclusive service centers, multi brand service centers, Onsite support, repair centers and factories.[1]

Key Points

Products & Services Vertical (revenues - 68%) [1]
The company manufactures and trades various transaction automation products that include Dot Matrix Printers, Mechanical Keyboards, Thermal Printers, Label Printers, Barcode Scanners, and others. [2]
It caters to various sectors viz. Retail – SME, Government, BFSI, Hospitality, Healthcare, E-commerce and Transport, Large Format Retail (LFR) Stores and Quick Service Restaurants (QSR).
The company has emerged as the market leader in thermal printers, the 2nd leading player in barcode printers & scanners and dot matrix printers. [2]
Under this segment, It earns 67% of revenues from the sale of manufactured goods while the rest 33% is contributed by trading computer printers/ keyboards.[3]

Website BSE NSE
  • Market Cap ₹ 638 Cr.
  • Current Price ₹ 342
  • High / Low ₹ 448 / 166
  • Stock P/E 52.4
  • Book Value ₹ 53.2
  • Dividend Yield 0.58 %
  • ROCE 22.4 %
  • ROE 17.0 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 6.44 times its book value
  • The company has delivered a poor sales growth of -34.3% over past five years.
  • Company has a low return on equity of 8.42% over last 3 years.

* 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

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
70.88 53.40 29.02 60.68 62.54 72.36 54.18 77.97 87.35 88.42 86.30 93.33 88.61
67.23 55.00 35.88 58.64 56.82 64.70 53.24 68.75 78.93 80.62 79.85 87.40 84.39
Operating Profit 3.65 -1.60 -6.86 2.04 5.72 7.66 0.94 9.22 8.42 7.80 6.45 5.93 4.22
OPM % 5.15% -3.00% -23.64% 3.36% 9.15% 10.59% 1.73% 11.83% 9.64% 8.82% 7.47% 6.35% 4.76%
0.72 -1.95 0.30 1.27 0.24 0.25 0.28 0.23 0.28 0.93 0.56 1.39 -0.29
Interest 0.67 0.58 0.87 0.68 0.21 0.14 0.22 0.27 0.12 0.35 0.26 0.78 0.16
Depreciation 2.81 3.44 2.30 1.93 1.82 1.72 1.53 1.40 1.48 1.92 1.80 2.16 2.40
Profit before tax 0.89 -7.57 -9.73 0.70 3.93 6.05 -0.53 7.78 7.10 6.46 4.95 4.38 1.37
Tax % 4.49% 24.83% -0.21% 20.00% -4.83% 3.31% 7.55% 23.01% 28.17% 30.50% 23.23% 35.84% -1.46%
Net Profit 0.85 -5.69 -9.75 0.56 4.12 5.85 -0.49 5.99 5.10 4.49 3.80 2.81 1.39
EPS in Rs 0.46 -3.05 -5.23 0.30 2.21 3.14 -0.26 3.21 2.73 2.41 2.04 1.51 0.75
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
182 217 235 247 270 594 2,519 4,107 2,757 259 225 308 357
172 207 227 235 254 577 2,504 4,083 2,739 247 215 281 332
Operating Profit 10 10 8 12 16 16 15 25 18 11 9 27 24
OPM % 5% 5% 4% 5% 6% 3% 1% 1% 1% 4% 4% 9% 7%
1 3 2 1 1 3 2 5 -0 1 1 2 3
Interest 6 7 10 7 7 6 3 1 0 2 2 1 2
Depreciation 4 5 6 6 7 9 6 4 4 10 8 6 8
Profit before tax 1 1 -5 1 3 5 9 24 14 -0 1 21 17
Tax % -144% 1% -59% 39% 28% 21% 27% 34% 48% 2,050% 18% 27%
Net Profit 2 1 -8 0 2 4 6 16 7 0 1 15 12
EPS in Rs 0.87 0.79 -4.53 0.22 1.27 2.32 3.40 8.73 4.00 0.21 0.41 8.10 6.71
Dividend Payout % 0% 0% 0% 0% 0% 0% 15% 17% 38% 717% 0% 25%
Compounded Sales Growth
10 Years: 4%
5 Years: -34%
3 Years: -52%
TTM: 22%
Compounded Profit Growth
10 Years: 22%
5 Years: 19%
3 Years: 17%
TTM: -26%
Stock Price CAGR
10 Years: 37%
5 Years: 0%
3 Years: 92%
1 Year: 55%
Return on Equity
10 Years: 8%
5 Years: 11%
3 Years: 8%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
18 18 18 18 18 19 19 19 19 19 19 19 19
Reserves 23 25 17 17 20 25 49 65 68 62 63 74 80
45 66 65 58 53 35 24 3 0 26 7 9 12
32 43 42 40 51 79 292 949 78 71 81 101 111
Total Liabilities 118 152 141 134 142 157 383 1,036 165 178 170 202 222
17 49 47 45 41 38 32 28 30 37 29 26 28
CWIP 0 1 0 0 0 0 0 0 0 1 3 1 6
Investments 26 8 2 1 1 0 7 5 16 1 17 35 20
75 94 93 87 100 118 344 1,003 118 139 121 140 169
Total Assets 118 152 141 134 142 157 383 1,036 165 178 170 202 222

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
24 4 10 13 10 27 20 40 -6 -6 34 26
-11 -21 4 -3 -4 -3 -1 0 -16 17 -19 -20
-22 15 -10 -14 -8 -20 -12 -21 -7 -0 -21 -4
Net Cash Flow -9 -2 3 -4 -1 4 7 19 -29 11 -6 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 32 49 36 42 39 18 18 36 3 60 45 42
Inventory Days 41 45 40 37 58 32 23 45 4 90 122 112
Days Payable 42 54 51 49 59 38 42 86 8 156 198 183
Cash Conversion Cycle 31 40 26 31 39 11 -1 -6 -0 -6 -32 -30
Working Capital Days 4 17 23 26 24 4 -0 -2 0 35 4 3
ROCE % 8% 9% 4% 9% 11% 11% 13% 25% 21% 6% 4% 22%

Shareholding Pattern

Numbers in percentages

54 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
59.84 59.84 59.84 59.84 59.84 59.84 59.84 59.84 59.91 59.91 59.91 59.91
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.24 0.43 0.26 0.42 0.46
0.03 0.01 0.01 0.01 0.01 0.01 0.02 0.01 0.01 0.02 0.02 0.02
40.13 40.15 40.15 40.15 40.15 40.15 40.15 39.91 39.65 39.82 39.64 39.61

* 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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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Mar 2023
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  • Feb 2023
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  • Jan 2023
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