Tanfac Industries

₹2212 -27.9 | 1.2%

WEBSITE BSE:506854 NSE : TANFAC IND. 10 May, 16:01

Market Cap ₹2206 Cr.

Stock P/E 39.0

P/B 9.6

Current Price ₹2212

Book Value ₹ 231

Face Value 10

52W High ₹2778.7

Dividend Yield 0.32%

52W Low ₹ 1590

Edit Ratio

Tanfac Industries Research see more...

Overview Inc. Year: 1972Industry: Chemicals

TANFAC Industries Ltd gives Aluminium Fluoride, AHF Acid and Sulphuric Acid, and Speciality Chemicals. The Company operates via Fluro-Chemicals in India phase. Its product variety consists of Boron Trifluoride Complexes, Diluted Hydrofluoric Acid, Iso Butyl Acetophenone, Acetic Acid, Peracetic Acid, Oleum, Gymsum (Anhydride), Potassium Bifluoride, Potassium Fluoride and Sodium Silico Fluoride. Its aluminium fluoride is used as a makeup component within the molten electrolyte of the aluminium reduction cell and in electrolytic procedure for refining aluminium, and sulfuric acid has programs, which includes manufacture of fertilizers, treatment of metals and purification of petroleum. Its anhydrous hydrofluoric acid is used as a catalyst in petrochemical industry for alkylation, and inside the manufacture of refrigerants, and organic and inorganic fluorine compounds. Its manufacturing facilities are over 60 acres in the chemical complex of SIPCOT Industrial Estate, Cuddalore.

Tanfac Industries Share Price

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Peer Comparison

Tanfac Industries Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	73	90	67	83	77	99	116	81	88	103
Other Income	0	1	1	0	0	1	6	2	1	2
Total Income	73	91	68	83	78	100	122	83	89	105
Total Expenditure	58	69	57	70	65	76	90	66	73	86
Operating Profit	15	22	11	14	13	23	32	17	16	18
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	2	1	1	1	2	2	2	2	2	2
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	14	20	9	12	12	22	30	15	14	16
Provision for Tax	4	6	2	3	3	5	8	4	4	4
Profit After Tax	10	15	7	9	9	16	22	11	10	13
Adjustments	0	-0	-0	0	0	0	-0	-0	-0	0
Profit After Adjustments	10	15	7	9	9	16	22	11	10	13
Adjusted Earnings Per Share	10	15	7.1	9	8.5	16.3	22.4	11.4	10.1	12.7

Tanfac Industries 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	146	117	120	133	126	162	222	165	148	320	375	388
Other Income	2	0	0	0	1	0	1	1	1	3	8	11
Total Income	147	118	120	134	127	162	223	166	149	324	383	399
Total Expenditure	147	106	112	125	112	141	169	138	115	244	299	315
Operating Profit	1	12	8	9	15	21	53	28	35	80	84	83
Interest	12	10	10	8	7	7	4	2	1	2	2	0
Depreciation	10	7	6	5	5	5	8	5	8	6	6	8
Exceptional Income / Expenses	6	0	0	4	0	0	0	0	0	0	0	0
Profit Before Tax	-15	-6	-7	0	3	10	42	22	25	72	75	75
Provision for Tax	-4	-2	-1	-0	0	0	6	5	8	19	19	20
Profit After Tax	-11	-3	-5	0	3	10	36	17	17	53	56	56
Adjustments	0	0	0	0	-0	-0	0	0	1	1	-0	0
Profit After Adjustments	-11	-3	-5	0	3	9	36	17	18	54	56	56
Adjusted Earnings Per Share	-11.4	-3	-5.3	0.4	3.3	9.7	36.1	17	17.5	53.4	56.3	56.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	17%	31%	18%	10%
Operating Profit CAGR	5%	44%	32%	56%
PAT CAGR	6%	49%	41%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	36%	113%	59%	74%
ROE Average	35%	36%	51%	22%
ROCE Average	49%	51%	54%	30%

Tanfac Industries 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	8	5	5	5	3	13	48	65	83	134	184
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	5	2	0	0	6	7	6	0	0	0	0
Other Non-Current Liabilities	5	2	1	1	1	1	6	5	4	4	4
Total Current Liabilities	90	98	90	86	68	68	48	19	44	56	82
Total Liabilities	108	107	95	92	78	88	107	89	131	193	271
Fixed Assets	65	59	53	49	45	41	34	33	40	40	55
Other Non-Current Assets	1	1	1	2	3	2	3	8	5	14	8
Total Current Assets	42	46	41	41	30	45	70	48	86	139	208
Total Assets	108	107	95	92	78	88	107	89	131	193	271

Tanfac Industries 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	1	1	1	0	0	0	0	0	0	2	7
Cash Flow from Operating Activities	26	19	9	16	16	17	37	22	37	44	43
Cash Flow from Investing Activities	-0	-0	-0	-1	-1	-1	-3	-9	-34	-35	-40
Cash Flow from Financing Activities	-26	-19	-10	-15	-15	-17	-34	-12	-1	-5	-6
Net Cash Inflow / Outflow	-0	-0	-0	-0	0	-0	0	-0	2	5	-3
Closing Cash & Cash Equivalent	1	1	0	0	0	0	0	0	2	7	4

Tanfac Industries 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)	-11.38	-3.04	-5.3	0.4	3.3	9.7	36.06	17.02	17.52	53.42	56.27
CEPS(Rs)	-0.88	3.9	0.34	5.18	8.05	14.65	44.1	21.67	26.01	59.03	62.62
DPS(Rs)	0	0	0	0	0	0	0	0	0	9	6.5
Book NAV/Share(Rs)	8.48	5.44	-0.35	0.06	3.26	12.67	48.15	65.36	83.44	134.03	184.74
Core EBITDA Margin(%)	-0.75	8.63	6.03	5.96	10.44	12.69	23.7	16.26	22.5	23.79	20.3
EBIT Margin(%)	-2.13	3.57	2.34	5.5	7.57	9.91	20.51	14.16	17.69	23.1	20.73
Pre Tax Margin(%)	-9.51	-4.26	-5.01	0.26	2.37	5.92	18.78	13.12	16.94	22.47	20.13
PAT Margin (%)	-7.01	-2.34	-4.01	0.27	2.37	5.85	16.22	10.3	11.82	16.64	14.97
Cash Profit Margin (%)	-0.54	3	0.26	3.52	5.79	8.84	19.84	13.11	17.55	18.39	16.66
ROA(%)	-8.4	-2.83	-5.24	0.43	3.88	11.65	36.76	17.27	15.86	32.85	24.19
ROE(%)	-83.52	-43.71	-208.26	0	198.92	121.81	118.59	29.98	23.54	49.13	35.31
ROCE(%)	-3.46	5.7	4.29	12.42	17.76	28.95	78.46	37.2	35.16	68.2	48.88
Receivable days	41.75	47.09	48.53	45.84	47.17	39.01	34.85	45.26	41.9	23.33	36.84
Inventory Days	61.69	61.08	63.33	48.55	37.82	30.62	38.85	52.35	51.45	37.81	46.03
Payable days	49.4	90.45	101.29	93.99	98.97	62.41	74.23	80.01	100.14	66.75	68.02
PER(x)	0	0	0	62.52	18.63	11.7	6.03	4.65	13.95	10.89	17.73
Price/Book(x)	1.58	1.52	-42.43	451.21	18.85	8.96	4.52	1.21	2.93	4.34	5.4
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	1.55	0.65
EV/Net Sales(x)	0.63	0.66	0.7	0.64	0.91	0.97	1.03	0.48	1.6	1.77	2.62
EV/Core EBITDA(x)	174.33	6.66	10.14	9.44	7.54	7.34	4.26	2.84	6.85	7.13	11.69
Net Sales Growth(%)	-1.38	-19.57	2.33	11.18	-5.2	28.08	36.96	-25.67	-10.26	116.49	17.11
EBIT Growth(%)	69.99	234.06	-33.34	161.51	30.1	56.14	177.4	-48.69	12.15	182.71	5.07
PAT Growth(%)	52.91	73.26	-74.32	107.59	720.56	193.9	271.65	-52.81	2.94	204.93	5.34
EPS Growth(%)	52.91	73.26	-74.32	107.59	720.57	193.9	271.65	-52.81	2.94	204.93	5.34
Debt/Equity(x)	9.32	12.83	13.81	11.08	16.56	3.44	0.25	0.01	0	0	0
Current Ratio(x)	0.47	0.48	0.46	0.48	0.45	0.66	1.47	2.58	1.97	2.49	2.53
Quick Ratio(x)	0.26	0.22	0.22	0.27	0.29	0.41	0.83	1.66	1.41	1.74	1.88
Interest Cover(x)	-0.29	0.46	0.32	1.05	1.46	2.49	11.85	13.67	23.69	36.56	34.45
Total Debt/Mcap(x)	5.91	8.45	4.38	2.23	0.88	0.38	0.05	0.01	0	0	0

Tanfac Industries Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	50.98	50.98	51.81	51.81	51.81	51.81	51.81	51.81	51.81	51.81
FII	0	0	0	0	0	0	0	0	0	0
DII	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.11
Public	48.96	48.96	48.13	48.13	48.13	48.13	48.13	48.13	48.13	48.08
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	0.51	0.51	0.52	0.52	0.52	0.52	0.52	0.52	0.52	0.52
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.49	0.49	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.48
Others	0	0	0	0	0	0	0	0	0	0
Total	1	1	1	1	1	1	1	1	1	1

Pros

Company has delivered good profit growth of 41% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 36%
Company is almost debt free.

Cons

Debtor days have increased from 66.75 to 68.02days.
Stock is trading at 9.6 times its book value.

* 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.