TVS Electronics Ltd

TVS Electronics Ltd

₹ 336 0.43%
21 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 626 Cr.
  • Current Price 336
  • High / Low 433 / 235
  • Stock P/E 70.9
  • Book Value 46.7
  • Dividend Yield 0.60 %
  • ROCE 18.6 %
  • ROE 10.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 60.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 20.7%

Cons

  • Stock is trading at 7.18 times its book value
  • Company has a low return on equity of 11.9% 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

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
208 191 190 182 217 235 247 270 594 2,523 4,112 2,761
214 191 188 172 207 227 235 254 577 2,510 4,088 2,745
Operating Profit -6 -0 2 9 10 8 12 16 16 14 24 16
OPM % -3% -0% 1% 5% 5% 4% 5% 6% 3% 1% 1% 1%
26 5 10 1 3 7 1 1 5 2 5 4
Interest 6 5 7 6 7 10 7 7 6 3 1 0
Depreciation 5 5 4 4 5 6 6 7 9 6 5 4
Profit before tax 9 -6 1 1 1 -1 1 3 7 7 23 16
Tax % 26% -14% 344% -153% 1% -722% 3% 28% 26% 35% 35% 43%
6 -6 -2 1 1 -4 1 2 5 4 15 9
EPS in Rs 3.55 -3.63 -0.87 0.84 0.74 -2.38 0.33 1.27 2.65 3.04 8.68 5.29
Dividend Payout % 28% 0% 0% 0% 0% 0% 0% 0% 0% 16% 17% 28%
Compounded Sales Growth
10 Years: 31%
5 Years: 62%
3 Years: 67%
TTM: -33%
Compounded Profit Growth
10 Years: 13%
5 Years: 60%
3 Years: 53%
TTM: -32%
Stock Price CAGR
10 Years: 25%
5 Years: 15%
3 Years: 27%
1 Year: -12%
Return on Equity
10 Years: 6%
5 Years: 10%
3 Years: 12%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Equity Capital 18 18 18 18 18 18 18 18 19 19 19 19
Reserves 26 19 18 20 21 23 25 27 32 48 64 68
45 57 61 45 66 65 58 53 35 25 3 0
40 48 37 34 46 43 40 51 79 292 950 78
Total Liabilities 130 142 134 117 151 149 141 149 165 384 1,036 165
28 32 22 18 50 47 45 41 38 35 31 30
CWIP 1 0 0 0 1 0 0 0 0 0 0 0
Investments 6 15 15 25 8 8 8 8 9 5 1 16
94 95 97 74 93 95 88 101 118 344 1,003 118
Total Assets 130 142 134 117 151 149 141 149 165 384 1,036 165

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
42 4 16 21 4 1 13 13 28 19 38 -7
13 -16 5 -11 -21 13 -4 -4 -4 -1 2 -15
-51 7 -3 -22 15 -11 -14 -11 -20 -12 -21 -7
Net Cash Flow 4 -5 17 -12 -2 2 -5 -1 4 6 19 -29

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
Debtor Days 58 64 50 32 49 36 42 39 18 18 36 3
Inventory Days 40 48 44 41 45 40 37 58 32 23 45 4
Days Payable 94 128 92 42 54 51 49 59 38 43 86 8
Cash Conversion Cycle 4 -16 2 30 40 26 31 39 11 -1 -6 -0
Working Capital Days 83 88 80 4 17 23 26 24 3 -0 -2 0
ROCE % 6% -0% 8% 8% 9% 4% 9% 10% 10% 11% 24% 19%

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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