Indian Toners & Dev

₹281.6 6.1 | 2.2%

WEBSITE BSE:523586 NSE : IND.TONERS 18 May, 12:50

Market Cap ₹305 Cr.

Stock P/E 12.4

P/B 1.5

Current Price ₹281.6

Book Value ₹ 189.7

Face Value 10

52W High ₹418

Dividend Yield 1.24%

52W Low ₹ 238

Edit Ratio

Indian Toners & Dev Research see more...

Overview Inc. Year: 1990Industry: Chemicals

Indian Toners & Developers Ltd. is a leading company in the field of printing and imaging solutions. Established in 1991, the company has grown to become a trusted name in the industry. With a strong focus on research and development, Indian Toners & Developers Ltd. offers a wide range of high-quality toners, inks, and other consumables for laser printers, copiers, and multifunction devices. The company operates with a commitment to environmental sustainability, ensuring its products are eco-friendly and comply with global standards. Indian Toners & Developers Ltd. has a state-of-the-art manufacturing facility in India, equipped with advanced technology and stringent quality control measures. Catering to a diverse customer base, including corporate clients, government organizations, and individual users, the company delivers innovative and reliable solutions. With a dedicated team of professionals, extensive distribution network, and a strong presence in both domestic and international markets, Indian Toners & Developers Ltd. continues to thrive as a prominent player in the printing and imaging industry.

Indian Toners & Dev Share Price

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Peer Comparison

Indian Toners & Dev Quarterly Results

#(Fig in Cr.)	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	22	32	29	28	43	37	40	37
Other Income	2	2	1	2	1	2	1	1
Total Income	23	33	30	29	45	39	41	38
Total Expenditure	18	24	22	19	32	29	31	29
Operating Profit	5	9	8	10	12	10	10	9
Interest	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	1	0	0	0	0	0	0
Profit Before Tax	5	10	7	9	11	8	8	8
Provision for Tax	1	2	1	2	4	2	3	2
Profit After Tax	4	8	6	7	7	7	5	6
Adjustments	-4	-8	-6	-7	0	0	0	-0
Profit After Adjustments	0	0	0	0	7	7	5	6
Adjusted Earnings Per Share	4.4	5.7	4.6	5.3	6.5	6.3	4.6	5.2

Indian Toners & Dev Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	28	34	34	35	115	112	115	91	88	119	155	157
Other Income	2	2	1	3	7	7	6	7	8	4	4	5
Total Income	30	36	35	38	122	119	122	98	96	123	159	163
Total Expenditure	25	27	29	29	87	85	92	78	73	95	120	121
Operating Profit	5	9	6	9	35	35	30	20	23	28	39	41
Interest	0	0	0	0	1	1	1	1	0	0	1	0
Depreciation	1	1	1	1	3	4	4	4	4	4	4	4
Exceptional Income / Expenses	-0	-0	2	0	0	0	-0	0	0	0	0	0
Profit Before Tax	4	7	6	7	30	30	25	15	19	23	34	35
Provision for Tax	1	2	2	1	7	6	5	2	5	5	8	11
Profit After Tax	2	5	5	6	24	24	20	12	14	19	26	25
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	2	5	5	6	24	24	20	12	14	19	26	25
Adjusted Earnings Per Share	2.9	6.7	5.8	7.3	29.3	18.4	15.5	9.3	12.5	17.5	24.3	22.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	30%	19%	7%	19%
Operating Profit CAGR	39%	25%	2%	23%
PAT CAGR	37%	29%	2%	29%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	6%	11%	19%	26%
ROE Average	15%	11%	11%	12%
ROCE Average	20%	15%	14%	16%

Indian Toners & Dev Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	44	49	53	59	144	164	180	184	161	166	188
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	2	2	2	2	3	3	2	3	5	8	9
Total Current Liabilities	6	7	6	7	21	26	25	20	20	23	20
Total Liabilities	53	59	62	68	169	194	207	207	186	196	217
Fixed Assets	13	13	11	11	45	52	52	54	50	49	69
Other Non-Current Assets	2	1	32	26	71	69	85	96	80	20	16
Total Current Assets	38	45	18	32	53	72	71	57	56	128	132
Total Assets	53	59	62	68	169	194	207	207	186	196	217

Indian Toners & Dev Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	3	2	4	4	5	5	5	11	8	17	20
Cash Flow from Operating Activities	1	7	3	6	18	19	14	13	19	14	18
Cash Flow from Investing Activities	-2	-5	-3	-6	-16	-16	-2	-9	28	4	-23
Cash Flow from Financing Activities	-0	-0	-0	-0	-2	-4	-5	-8	-38	-15	-5
Net Cash Inflow / Outflow	-1	2	0	-0	0	-1	6	-3	9	3	-9
Closing Cash & Cash Equivalent	2	4	4	4	5	5	11	8	17	20	11

Indian Toners & Dev Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	2.86	6.71	5.79	7.31	29.31	18.4	15.51	9.27	12.49	17.46	24.25
CEPS(Rs)	4.05	8.06	7.48	8.92	33.3	21.2	18.38	12.55	16.41	21.27	27.87
DPS(Rs)	0	0	0	0	0	3	3	3	3	3	3.5
Book NAV/Share(Rs)	54.42	61.14	66.35	73.66	166.29	120.9	132.63	140.12	148.31	152.71	173.51
Core EBITDA Margin(%)	11.18	20.51	15.34	17.39	23.24	23.84	20.09	13.61	17.15	19.32	21.81
EBIT Margin(%)	13.67	21.69	18.78	21.45	26.17	26.92	22.11	16.54	21.17	19.53	21.76
Pre Tax Margin(%)	12.56	20.77	17.92	20.64	25.24	25.97	21.13	15.61	20.75	19.2	21.41
PAT Margin (%)	8.18	15.94	13.51	16.8	19.71	21.07	17.14	12.97	14.93	15.5	16.52
Cash Profit Margin (%)	11.6	19.13	17.44	20.49	22.39	24.26	20.3	17.57	19.62	18.88	18.99
ROA(%)	4.5	9.7	7.72	9.06	19.94	13.36	10.19	5.89	6.9	9.91	12.73
ROE(%)	5.39	11.62	9.09	10.44	24.43	16.53	12.24	6.79	7.85	11.6	14.87
ROCE(%)	8.96	15.77	12.63	13.33	31.61	20.76	15.79	8.67	11.12	14.62	19.58
Receivable days	65.46	63.18	63.07	46.41	26.88	50.84	54.73	62.82	59.87	48.76	44.26
Inventory Days	62.36	53.64	52.06	61.73	27.5	39.33	48.23	67.72	57.31	44.22	41.81
Payable days	86.59	82.71	87.18	88.89	56.63	109.75	116.2	125.81	108.57	84.12	49.41
PER(x)	5.53	3.68	15.7	21.55	5.54	12.99	9.13	5.8	11.21	9.1	8.25
Price/Book(x)	0.29	0.4	1.37	2.14	0.98	1.98	1.07	0.38	0.94	1.04	1.15
Dividend Yield(%)	0	0	0	0	0	1.25	2.12	5.59	2.14	1.89	1.75
EV/Net Sales(x)	0.39	0.44	2	3.49	1.09	2.74	1.49	0.65	1.47	1.24	1.28
EV/Core EBITDA(x)	2.08	1.72	11.75	13.86	3.63	8.86	5.65	2.98	5.54	5.26	5.16
Net Sales Growth(%)	5.14	20.68	0.89	2.28	227.8	-2.52	3.15	-21.22	-2.97	34.8	30.4
EBIT Growth(%)	-0.71	91.41	-11.85	15.9	316.92	-1.3	-14.91	-40.96	23.46	24.32	45.14
PAT Growth(%)	-13.84	135.1	-13.74	26.23	300.89	2.55	-15.72	-40.27	11.11	39.8	38.92
EPS Growth(%)	-13.84	135.1	-13.74	26.23	300.89	-37.21	-15.72	-40.27	34.79	39.8	38.92
Debt/Equity(x)	0	0	0	0	0	0	0	0	0	0	0
Current Ratio(x)	6.02	6.09	2.84	4.7	2.49	2.8	2.8	2.85	2.79	5.53	6.71
Quick Ratio(x)	5.18	5.58	2.05	3.7	1.95	2.28	2.08	2	2.21	4.76	5.77
Interest Cover(x)	12.3	23.69	21.91	26.5	28.35	28.19	22.41	17.69	51.51	59.1	62.7
Total Debt/Mcap(x)	0.01	0	0	0	0	0	0	0	0	0	0

Indian Toners & Dev Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	69.25	69.25	69.25	69.25	69.25	69.25	69.25	69.25	69.25	69.25
FII	0	0	0	0	0	0	0	0	0	0
DII	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Public	30.72	30.72	30.72	30.72	30.72	30.72	30.72	30.72	30.72	30.72
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.75	0.75
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.33	0.33
Others	0	0	0	0	0	0	0	0	0	0
Total	1.09	1.09	1.09	1.09	1.09	1.09	1.09	1.09	1.09	1.09

Pros

Debtor days have improved from 84.12 to 49.41days.
Company is almost debt free.

Cons

Company has a low return on equity of 11% over the last 3 years.
The company has delivered a poor profit growth of 1% over past five 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.