TVS Electronics Ltd

TVS Electronics Ltd

₹ 322 0.50%
23 Feb - close price
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 - 73%) [1]
The company manufactures and trades various transaction automation products that include Dot Matrix Printers, Mechanical Keyboards, Thermal Printers, Label Printers, Barcode Scanners. [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).
Leading Transaction Automation Products
company and Market Leaders in Point of Sale devices.
[3]

  • Market Cap 601 Cr.
  • Current Price 322
  • High / Low 433 / 291
  • Stock P/E 497
  • Book Value 53.6
  • Dividend Yield 0.62 %
  • ROCE 12.4 %
  • ROE 9.17 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 21.3%

Cons

  • Stock is trading at 6.02 times its book value
  • The company has delivered a poor sales growth of -38.8% over past five years.
  • Company has a low return on equity of 9.36% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
62.54 72.36 54.18 77.97 87.35 88.42 86.30 93.33 88.61 85.24 89.84 92.19 86.94
56.82 64.70 53.24 68.75 78.93 80.62 79.85 87.40 84.39 82.08 87.29 88.34 86.43
Operating Profit 5.72 7.66 0.94 9.22 8.42 7.80 6.45 5.93 4.22 3.16 2.55 3.85 0.51
OPM % 9.15% 10.59% 1.73% 11.83% 9.64% 8.82% 7.47% 6.35% 4.76% 3.71% 2.84% 4.18% 0.59%
0.24 0.25 0.28 0.23 0.28 0.93 0.56 1.39 -0.29 -0.13 0.47 0.52 0.53
Interest 0.21 0.14 0.22 0.27 0.12 0.35 0.26 0.78 0.16 0.17 0.29 0.50 0.48
Depreciation 1.82 1.72 1.53 1.40 1.48 1.92 1.80 2.16 2.40 0.73 2.31 2.63 2.81
Profit before tax 3.93 6.05 -0.53 7.78 7.10 6.46 4.95 4.38 1.37 2.13 0.42 1.24 -2.25
Tax % -4.83% 3.31% 7.55% 23.01% 28.17% 30.50% 23.23% 35.84% -1.46% 29.11% 23.81% 9.68% 22.67%
4.12 5.85 -0.49 5.99 5.10 4.49 3.80 2.81 1.39 1.51 0.32 1.12 -1.74
EPS in Rs 2.21 3.14 -0.26 3.21 2.73 2.41 2.04 1.51 0.75 0.81 0.17 0.60 -0.93
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
217 235 247 270 594 2,519 4,107 2,757 259 225 308 353 354
207 227 235 254 577 2,504 4,083 2,739 247 215 281 334 344
Operating Profit 10 8 12 16 16 15 25 18 11 9 27 20 10
OPM % 5% 4% 5% 6% 3% 1% 1% 1% 4% 4% 9% 6% 3%
3 2 1 1 3 2 5 -0 1 1 2 2 1
Interest 7 10 7 7 6 3 1 0 2 2 1 1 1
Depreciation 5 6 6 7 9 6 4 4 10 8 6 7 8
Profit before tax 1 -5 1 3 5 9 24 14 -0 1 21 13 2
Tax % 1% -59% 39% 28% 21% 27% 34% 48% 2,050% 18% 27% 26%
1 -8 0 2 4 6 16 7 0 1 15 10 1
EPS in Rs 0.79 -4.53 0.22 1.27 2.32 3.40 8.73 4.00 0.21 0.41 8.10 5.10 0.65
Dividend Payout % 0% 0% 0% 0% 0% 15% 17% 38% 717% 0% 25% 39%
Compounded Sales Growth
10 Years: 4%
5 Years: -39%
3 Years: 11%
TTM: -1%
Compounded Profit Growth
10 Years: 12%
5 Years: -9%
3 Years: 19%
TTM: -90%
Stock Price CAGR
10 Years: 37%
5 Years: 12%
3 Years: 35%
1 Year: -2%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 9%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 18 18 18 18 19 19 19 19 19 19 19 19 19
Reserves 25 17 17 20 25 49 65 68 62 63 74 83 81
66 65 58 53 35 24 3 0 26 7 9 14 15
43 42 40 51 79 292 949 78 71 81 101 106 98
Total Liabilities 152 141 134 142 157 383 1,036 165 178 170 203 221 213
49 47 45 41 38 32 28 30 37 29 26 34 41
CWIP 1 0 0 0 0 0 0 0 1 3 1 3 1
Investments 8 2 1 1 0 7 5 16 1 17 35 12 25
94 93 87 100 118 344 1,003 118 139 121 140 171 145
Total Assets 152 141 134 142 157 383 1,036 165 178 170 203 221 213

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
4 10 13 10 27 20 40 -6 -6 34 26 -8
-21 4 -3 -4 -3 -1 0 -16 17 -19 -20 6
15 -10 -14 -8 -20 -12 -21 -7 -0 -21 -4 1
Net Cash Flow -2 3 -4 -1 4 7 19 -29 11 -6 2 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 49 36 42 39 18 18 36 3 60 45 42 48
Inventory Days 45 40 37 58 32 23 45 4 90 122 112 122
Days Payable 54 51 49 59 38 42 86 8 156 198 162 134
Cash Conversion Cycle 40 26 31 39 11 -1 -6 -0 -6 -32 -9 36
Working Capital Days 17 23 26 24 4 -0 -2 0 35 4 3 28
ROCE % 9% 4% 9% 11% 11% 13% 25% 21% 6% 4% 22% 12%

Shareholding Pattern

Numbers in percentages

8 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
59.84% 59.84% 59.84% 59.84% 59.91% 59.91% 59.91% 59.91% 59.91% 59.91% 59.91% 59.91%
0.00% 0.00% 0.00% 0.24% 0.43% 0.26% 0.42% 0.46% 0.09% 0.01% 0.00% 0.00%
0.01% 0.01% 0.02% 0.01% 0.01% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
40.15% 40.15% 40.15% 39.91% 39.65% 39.82% 39.64% 39.61% 39.98% 40.07% 40.07% 40.07%
No. of Shareholders 37,74137,48239,86741,24543,72244,68343,97042,49443,60544,19946,66547,760

* 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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