TVS Electronics Ltd
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]
- Market Cap ₹ 403 Cr.
- Current Price ₹ 216
- High / Low ₹ 285 / 140
- Stock P/E 27.3
- Book Value ₹ 49.7
- Dividend Yield 0.93 %
- ROCE 22.4 %
- ROE 16.9 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
Cons
- Stock is trading at 4.35 times its book value
- The company has delivered a poor sales growth of -34.32% over past five years.
- Company has a low return on equity of 8.41% for 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
182 | 217 | 235 | 247 | 270 | 594 | 2,519 | 4,107 | 2,757 | 259 | 225 | 308 | |
172 | 207 | 227 | 235 | 254 | 577 | 2,504 | 4,083 | 2,739 | 247 | 215 | 282 | |
Operating Profit | 10 | 10 | 8 | 12 | 16 | 16 | 15 | 25 | 18 | 11 | 9 | 26 |
OPM % | 5% | 5% | 4% | 5% | 6% | 3% | 1% | 1% | 1% | 4% | 4% | 9% |
1 | 3 | 2 | 1 | 1 | 3 | 2 | 5 | -0 | 1 | 1 | 2 | |
Interest | 6 | 7 | 10 | 7 | 7 | 6 | 3 | 1 | 0 | 2 | 2 | 1 |
Depreciation | 4 | 5 | 6 | 6 | 7 | 9 | 6 | 4 | 4 | 10 | 8 | 6 |
Profit before tax | 1 | 1 | -5 | 1 | 3 | 5 | 9 | 24 | 14 | -0 | 1 | 21 |
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 |
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 |
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: | 37% |
Compounded Profit Growth | |
---|---|
10 Years: | 22% |
5 Years: | 19% |
3 Years: | 17% |
TTM: | 1162% |
Stock Price CAGR | |
---|---|
10 Years: | 28% |
5 Years: | 4% |
3 Years: | 5% |
1 Year: | 48% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
18 | 18 | 18 | 18 | 18 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | |
Reserves | 23 | 25 | 17 | 17 | 20 | 25 | 49 | 65 | 68 | 62 | 63 | 74 |
Borrowings | 45 | 66 | 65 | 58 | 53 | 35 | 24 | 3 | 0 | 26 | 7 | 9 |
32 | 43 | 42 | 40 | 51 | 79 | 292 | 949 | 78 | 71 | 81 | 101 | |
Total Liabilities | 118 | 152 | 141 | 134 | 142 | 157 | 383 | 1,036 | 165 | 178 | 170 | 202 |
17 | 49 | 47 | 45 | 41 | 38 | 32 | 28 | 30 | 37 | 29 | 27 | |
CWIP | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 0 |
Investments | 26 | 8 | 2 | 1 | 1 | 0 | 7 | 5 | 16 | 1 | 17 | 35 |
75 | 94 | 93 | 87 | 100 | 118 | 344 | 1,003 | 118 | 139 | 121 | 140 | |
Total Assets | 118 | 152 | 141 | 134 | 142 | 157 | 383 | 1,036 | 165 | 178 | 170 | 202 |
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 | 111 |
Days Payable | 42 | 54 | 51 | 49 | 59 | 38 | 42 | 86 | 8 | 156 | 198 | 181 |
Cash Conversion Cycle | 31 | 40 | 26 | 31 | 39 | 11 | -1 | -6 | -0 | -6 | -32 | -29 |
Working Capital Days | 4 | 18 | 23 | 26 | 28 | 5 | -0 | -2 | 0 | 35 | 3 | 36 |
ROCE % | 8% | 9% | 4% | 9% | 11% | 11% | 13% | 25% | 21% | 6% | 4% | 22% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 16 May
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Announcement under Regulation 30 (LODR)-Newspaper Publication
16 May - Submission of Newspaper publication - Compliance under Regulation 47(3) of the SEBI (LODR) Regulations, 2015 - Newspaper Publications on Audited Financial Results for the quarter …
- Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 14 May
- Audited Financial Results For The FY 2021-22 14 May
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 11 May
Annual reports
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
from bse
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2011
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Financial Year 2010
from bse
Products & Solutions Vertical (52% of revenues)[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).[3]
The company has 37% market share in Dot Matrix Printers in the domestic market. The market share for thermal printers, label printers and QR code scanners is 24%, 14% and 19% respectively.[3]
Under this segment, It earns 52% of revenues from sale of manufactured goods while the rest 48% is contributed by trading of computer printers/ keyboards.[1]