TCI Developers Ltd

₹ 389 -0.26%

10 Nov 2022

About

TCI Developers Limited was incorporated in 2008 as a real estate arm of TCI Group, which has been created to look into the development of the commercial properties of TCI. The co. is engaged in the business of Real estate and Warehousing development activities. The properties are developed into Offices Complexes, Residential Buildings, depending on the best use of the properties. Mr D. P Agarwal is the Chairman of the co. ^[1] ^[2] ^[3]

Key Points

Revenue in FY20
Rental or leasing services of land, buildings and warehouses etc: 53%
Project management services for construction projects: 47% ^[1] ^[2]

Website

Market Cap ₹ 145 Cr.
Current Price ₹ 389
High / Low ₹ /
Stock P/E
Book Value ₹ 191
Dividend Yield 0.00 %
ROCE -1.16 %
ROE -0.81 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.

Cons

Company has low interest coverage ratio.
Company has a low return on equity of -0.29% over last 3 years.
Company's cost of borrowing seems high

* 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

Consumer Discretionary Realty Realty Residential, Commercial Projects

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
	0.49	0.57	0.47	0.42	0.50	0.87	0.97	0.80	0.83	0.83	0.74	0.80	0.91
	1.01	0.95	0.99	0.80	0.95	0.99	0.94	0.99	1.14	1.11	1.48	1.31	1.16
Operating Profit	-0.52	-0.38	-0.52	-0.38	-0.45	-0.12	0.03	-0.19	-0.31	-0.28	-0.74	-0.51	-0.25
OPM %	-106.12%	-66.67%	-110.64%	-90.48%	-90.00%	-13.79%	3.09%	-23.75%	-37.35%	-33.73%	-100.00%	-63.75%	-27.47%
	0.25	0.24	1.52	0.18	0.06	-0.10	1.73	0.00	0.00	0.00	1.14	0.00	0.00
Interest	0.45	0.19	0.22	0.17	0.05	0.17	0.35	0.00	0.21	0.00	0.00	0.02	0.07
Depreciation	0.06	0.06	0.06	0.06	0.06	0.07	0.31	0.12	0.14	0.14	0.14	0.14	0.11
Profit before tax	-0.78	-0.39	0.72	-0.43	-0.50	-0.46	1.10	-0.31	-0.66	-0.42	0.26	-0.67	-0.43
Tax %	-16.67%	-28.21%	-37.50%	-25.58%	-22.00%	-15.22%	-2.73%	-22.58%	-24.24%	-26.19%	-76.92%	-23.88%	-32.56%
	-0.65	-0.27	0.99	-0.32	-0.39	-0.39	1.13	-0.24	-0.50	-0.31	0.46	-0.50	-0.30
EPS in Rs	-1.74	-0.72	2.65	-0.86	-1.05	-1.05	3.03	-0.64	-1.34	-0.83	1.23	-1.34	-0.80
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
	0.52	0.71	0.94	1.25	1.43	1.59	1.89	1.78	1.75	2.26	2.76	3.20	3.28
	0.33	0.45	0.76	1.71	1.72	1.95	2.79	4.19	9.20	3.91	3.69	4.70	5.06
Operating Profit	0.19	0.26	0.18	-0.46	-0.29	-0.36	-0.90	-2.41	-7.45	-1.65	-0.93	-1.50	-1.78
OPM %	36.54%	36.62%	19.15%	-36.80%	-20.28%	-22.64%	-47.62%	-135.39%	-425.71%	-73.01%	-33.70%	-46.88%	-54.27%
	0.83	0.83	1.03	0.79	2.74	1.27	3.62	3.31	20.81	2.35	1.87	1.14	1.14
Interest	0.00	0.01	0.00	0.01	0.01	0.01	0.69	0.65	0.77	1.05	0.74	0.23	0.09
Depreciation	0.07	0.07	0.06	0.08	0.12	0.11	0.24	0.27	0.25	0.23	0.49	0.53	0.53
Profit before tax	0.95	1.01	1.15	0.24	2.32	0.79	1.79	-0.02	12.34	-0.58	-0.29	-1.12	-1.26
Tax %	10.53%	4.95%	4.35%	-125.00%	-6.03%	-35.44%	-6.70%	-3,200.00%	0.08%	-89.66%	-110.34%	-48.21%
	0.85	0.96	1.10	0.53	2.46	1.07	1.90	0.61	12.33	-0.07	0.03	-0.59	-0.65
EPS in Rs	2.28	2.57	2.95	1.42	6.60	2.87	5.09	1.64	33.06	-0.19	0.08	-1.58	-1.74
Dividend Payout %	21.94%	19.43%	16.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	16%
5 Years:	11%
3 Years:	22%
TTM:	-5%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-2067%

Stock Price CAGR
10 Years:	1%
5 Years:	4%
3 Years:	%
1 Year:	%

Return on Equity
10 Years:	1%
5 Years:	0%
3 Years:	0%
Last Year:	-1%

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
Equity Capital	3.73	3.73	3.73	3.73	3.73	3.73	3.73	3.73	3.73	3.73	3.73	3.73
Reserves	49.07	54.04	50.46	50.99	53.19	54.00	56.16	56.78	69.11	69.06	69.09	68.45
	0.00	2.03	6.23	7.32	8.46	8.38	8.37	8.44	4.34	4.46	4.35	4.37
	1.04	1.26	2.59	2.60	1.94	1.70	1.43	1.52	1.50	1.87	3.18	3.37
Total Liabilities	53.84	61.06	63.01	64.64	67.32	67.81	69.69	70.47	78.68	79.12	80.35	79.92
	15.48	15.37	15.24	14.90	15.84	15.29	25.26	25.00	14.78	17.24	28.14	28.41
CWIP	7.37	7.73	7.84	9.88	10.08	10.25	0.20	0.57	3.20	5.70	0.01	0.12
Investments	16.04	23.99	29.89	30.19	30.19	32.02	31.63	30.11	30.01	36.18	38.20	39.09
	14.95	13.97	10.04	9.67	11.21	10.25	12.60	14.79	30.69	20.00	14.00	12.30
Total Assets	53.84	61.06	63.01	64.64	67.32	67.81	69.69	70.47	78.68	79.12	80.35	79.92

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
	0.24	-0.42	-0.84	0.03	-1.42	-0.47	-0.65	-2.26	-4.86	-1.16	-0.11	-1.22
	-49.21	-9.14	0.95	-0.64	0.22	0.97	9.56	-5.47	20.25	-10.03	1.05	0.81
	52.66	6.06	-0.26	0.63	1.12	-0.33	-0.71	-0.58	-4.11	-0.15	-0.13	-0.20
Net Cash Flow	3.69	-3.50	-0.15	0.02	-0.08	0.17	8.20	-8.31	11.29	-11.33	0.81	-0.61
Free Cash Flow	-22.68	-0.80	-0.91	-2.26	-2.68	-0.53	0.77	-2.69	15.83	-8.98	-2.54	-1.96
CFO/OP	221%	-150%	-389%	-35%	452%	150%	71%	90%	62%	80%	9%	74%

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	0.00	0.00	0.00	2.92	22.97	22.96	48.28	2.05	2.09	30.69	55.54	2.28
Inventory Days
Days Payable
Cash Conversion Cycle	0.00	0.00	0.00	2.92	22.97	22.96	48.28	2.05	2.09	30.69	55.54	2.28
Working Capital Days	-280.77	-61.69	582.45	219.00	699.37	392.55	477.01	494.19	1,124.20	344.00	379.55	273.75
ROCE %	3.71%	2.11%	1.95%	1.08%	3.66%	1.73%	1.32%	1.01%	-0.33%	0.61%	0.58%	-1.16%

Insights

In beta

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Fair value of investment properties (portfolio market valuation)
INR Lakhs

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Capital work in progress (development pipeline for investment properties)
INR Lakhs

Infrastructure leasing as % of total revenue from operations (business mix)
%

Number of employees on payroll
count

Number of partnership firms (subsidiary real estate entities)
count

Share of profit from partnership firms (operational performance of real estate entities)
INR Lakhs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022
	74.82%	74.82%	74.82%	74.82%	74.82%	70.13%	70.13%	74.22%	74.22%	74.22%	74.22%	91.57%
	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	25.17%	25.17%	25.17%	25.18%	25.18%	29.87%	29.87%	25.77%	25.77%	25.77%	25.77%	8.42%
No. of Shareholders	8,157	8,090	8,269	7,561	7,447	7,333	7,866	7,784	7,623	7,537	7,370	6,887

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Sep 2022
	74.82%	74.82%	74.82%	74.82%	70.13%	74.22%	91.57%
	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
	2.75%	2.75%	2.75%	0.01%	0.00%	0.00%	0.00%
	22.42%	22.42%	22.43%	25.17%	29.87%	25.77%	8.42%
No. of Shareholders	14,015	13,265	8,899	8,090	7,333	7,537	6,887

* 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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TCI Developers Ltd

TCI Developers Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports