TVS Electronics Ltd

About [ edit ]

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.#

Key Points [ edit ]
  • Market Cap 249 Cr.
  • Current Price 133
  • High / Low 192 / 66.0
  • Stock P/E
  • Book Value 38.5
  • Dividend Yield 1.13 %
  • ROCE 6.05 %
  • ROE 3.05 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 257.34%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -0.85% over past five years.
  • Company has a low return on equity of 10.61% for last 3 years.
  • Debtor days have increased from 33.01 to 60.02 days.
  • Company's cost of borrowing seems high
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,080.18 1,937.83 739.35 55.31 56.67 62.08 72.36 70.88 53.40 29.02 60.68 62.54
1,076.94 1,931.38 733.71 54.01 52.51 57.93 67.65 67.23 55.00 35.88 58.64 56.82
Operating Profit 3.24 6.45 5.64 1.30 4.16 4.15 4.71 3.65 -1.60 -6.86 2.04 5.72
OPM % 0.30% 0.33% 0.76% 2.35% 7.34% 6.68% 6.51% 5.15% -3.00% -23.64% 3.36% 9.15%
Other Income 1.14 1.51 -2.27 0.68 0.84 1.34 1.72 0.72 -1.95 0.30 1.27 0.24
Interest 0.24 0.11 0.10 0.12 0.08 0.39 0.72 0.67 0.58 0.87 0.68 0.21
Depreciation -1.34 0.87 0.91 0.88 1.02 2.06 2.09 2.81 3.44 2.30 1.93 1.82
Profit before tax 5.48 6.98 2.36 0.98 3.90 3.04 3.62 0.89 -7.57 -9.73 0.70 3.93
Tax % 97.08% 33.95% 90.25% 34.69% 49.74% 35.20% 9.94% 4.49% 24.83% -0.21% 20.00% -4.83%
Net Profit 0.16 4.61 0.23 0.64 1.96 1.97 3.26 0.85 -5.69 -9.75 0.56 4.12
EPS in Rs 0.09 2.48 0.12 0.34 1.05 1.06 1.75 0.46 -3.05 -5.23 0.30 2.21

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
191 190 182 217 235 247 270 594 2,519 4,107 2,757 259 206
191 187 172 207 227 235 254 577 2,505 4,083 2,739 248 206
Operating Profit -0 3 10 10 8 12 16 16 14 24 18 11 -1
OPM % -0% 2% 5% 5% 4% 5% 6% 3% 1% 1% 1% 4% -0%
Other Income 5 3 1 3 2 1 1 4 3 6 0 2 -0
Interest 5 7 6 7 10 7 7 6 3 1 0 2 2
Depreciation 5 4 4 5 6 6 7 9 6 4 4 10 9
Profit before tax -6 -5 1 1 -5 1 3 5 9 24 14 -0 -13
Tax % -13% 3% -144% 1% -59% 39% 28% 21% 27% 34% 48% 2,050%
Net Profit -6 -5 2 1 -8 0 2 4 6 16 7 0 -11
EPS in Rs -3.57 -2.75 0.87 0.79 -4.53 0.22 1.27 2.32 3.40 8.73 4.00 0.21 -5.77
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 15% 17% 38% 717%
Compounded Sales Growth
10 Years:3%
5 Years:-1%
3 Years:-53%
TTM:-22%
Compounded Profit Growth
10 Years:10%
5 Years:4%
3 Years:-26%
TTM:-190%
Stock Price CAGR
10 Years:19%
5 Years:7%
3 Years:-32%
1 Year:90%
Return on Equity
10 Years:6%
5 Years:10%
3 Years:11%
Last Year:3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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
18 18 18 18 18 18 18 19 19 19 19 19 19
Reserves 25 22 23 25 17 17 20 25 49 65 68 62 53
Borrowings 57 61 45 66 65 58 53 35 24 3 0 26 11
47 34 32 43 42 40 51 79 292 949 78 71 64
Total Liabilities 148 135 118 152 141 134 142 157 383 1,036 165 178 147
24 21 17 49 47 45 41 38 32 28 30 37 31
CWIP 0 0 0 1 0 0 0 0 0 0 0 1 0
Investments 15 15 26 8 2 1 1 0 7 5 16 1 1
108 98 75 94 93 87 100 118 344 1,003 118 139 114
Total Assets 148 135 118 152 141 134 142 157 383 1,036 165 178 147

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
2 18 24 4 10 13 10 27 20 40 -6 -6
-14 -2 -11 -21 4 -3 -4 -3 -1 0 -16 17
7 -3 -22 15 -10 -14 -8 -20 -12 -21 -7 -0
Net Cash Flow -5 12 -9 -2 3 -4 -1 4 7 19 -29 11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 % -0% 3% 8% 9% 4% 9% 11% 11% 13% 25% 21% 6%
Debtor Days 87 57 32 49 36 42 39 18 18 36 3 60
Inventory Turnover 8.27 8.03 8.39 9.19 8.81 9.87 7.86 13.79 24.80 12.47 10.15 4.04

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
59.96 59.96 59.96 59.96 59.96 59.84 59.84 59.84 59.84 59.84 59.84 59.84
0.03 0.03 0.03 0.22 0.18 0.10 0.44 0.03 0.01 0.01 0.01 0.01
40.01 40.01 40.01 39.82 39.86 40.07 39.72 40.13 40.15 40.15 40.15 40.15

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