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Tarsons Products

₹435 3.4 | 0.8%

Market Cap ₹2314 Cr.

Stock P/E 42.0

P/B 3.8

Current Price ₹435

Book Value ₹ 113

Face Value 2

52W High ₹646.4

Dividend Yield 0%

52W Low ₹ 390.5

Tarsons Products Research see more...

Overview Inc. Year: 1983Industry: Plastic Products

Tarsons Products Ltd, a life sciences enterprise, engages in designing, growing, production, and advertising consumables, reusables, and others for use in numerous laboratories in India. The corporation provides consumables, consisting of centrifuge ware, cryogenic ware, liquid handling, PCR consumables and petri dish, switch pipettes, and others; reusables, along with bottles, carboys, beakers, measuring cylinders, and tube racks; and benchtop instrumentation, which includes vortex shakers, centrifuges pipettors, and others. It serves studies groups, academia institutes, pharmaceutical groups, contract research businesses, diagnostic organizations, and hospitals via legal vendors. The agency also exports its products to Europe, Africa, North America, Australia, and Asia. Tarsons Products Ltd founded in 1983 and is situated in Kolkata, India.

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Tarsons Products Share Price

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Tarsons Products Quarterly Results

#(Fig in Cr.) Sep 2021 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
Net Sales 76 69 71 61 82 63 66
Other Income 1 3 4 3 2 2 3
Total Income 77 71 75 65 84 65 69
Total Expenditure 38 37 39 35 43 41 41
Operating Profit 40 34 36 30 41 24 28
Interest 2 0 1 1 2 2 1
Depreciation 5 6 7 7 8 8 10
Exceptional Income / Expenses 0 0 0 0 0 0 0
Profit Before Tax 34 27 29 22 31 13 17
Provision for Tax 9 7 7 5 8 3 5
Profit After Tax 25 20 21 16 23 10 13
Adjustments 0 0 0 0 0 0 0
Profit After Adjustments 25 20 21 16 23 10 13
Adjusted Earnings Per Share 4.9 3.8 4 3 4.3 1.8 2.4

Tarsons Products Profit & Loss

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 179 176 229 301 283 272
Other Income 6 5 6 8 12 10
Total Income 185 181 234 309 296 283
Total Expenditure 107 108 126 148 154 160
Operating Profit 78 73 109 161 142 123
Interest 7 6 3 4 4 6
Depreciation 15 14 14 22 29 33
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax 56 53 92 135 109 83
Provision for Tax 17 13 24 34 28 21
Profit After Tax 39 41 69 101 81 62
Adjustments 0 0 0 0 0 0
Profit After Adjustments 39 41 69 101 81 62
Adjusted Earnings Per Share 7.7 7.6 13.5 18.9 15.2 11.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -6% 17% 0% 0%
Operating Profit CAGR -12% 25% 0% 0%
PAT CAGR -20% 25% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -22% NA% NA% NA%
ROE Average 15% 25% 25% 25%
ROCE Average 19% 31% 30% 30%

Tarsons Products Balance Sheet

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 135 198 244 490 569
Minority's Interest 0 0 0 0 0
Borrowings 19 6 3 9 81
Other Non-Current Liabilities 4 77 102 139 142
Total Current Liabilities 113 40 42 35 88
Total Liabilities 271 321 392 673 879
Fixed Assets 89 92 120 189 225
Other Non-Current Assets 26 109 159 240 378
Total Current Assets 156 120 113 245 277
Total Assets 271 321 392 673 879

Tarsons Products Cash Flow

#(Fig in Cr.) Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 1 1 25 2 77
Cash Flow from Operating Activities 51 64 68 83 76
Cash Flow from Investing Activities -34 -25 -64 -138 -179
Cash Flow from Financing Activities -18 -14 -27 130 85
Net Cash Inflow / Outflow -0 25 -23 75 -18
Closing Cash & Cash Equivalent 1 25 2 77 59

Tarsons Products Ratios

# Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 7.66 7.65 13.54 18.92 15.17
CEPS(Rs) 10.52 10.32 16.22 23.05 20.53
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 26.59 37.28 48.02 92.06 107
Core EBITDA Margin(%) 40.06 38.88 45.11 50.77 45.66
EBIT Margin(%) 35.29 33.68 41.57 46.28 39.96
Pre Tax Margin(%) 31.23 30.21 40.38 44.88 38.38
PAT Margin (%) 21.79 23.04 30.09 33.47 28.5
Cash Profit Margin (%) 29.94 31.1 36.05 40.77 38.56
ROA(%) 14.38 13.69 19.32 18.9 10.4
ROE(%) 28.8 24.35 31.17 27.42 15.24
ROCE(%) 31.57 27.35 37.22 35.28 19
Receivable days 91.05 85.89 67.95 68.08 84.39
Inventory Days 94.84 98.74 76.08 78.31 126.77
Payable days 14.45 29.71 35.25 54.91 63.4
PER(x) 0 0 0 37.22 35.12
Price/Book(x) 0 0 0 7.65 4.98
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.36 0.06 0.13 12.24 10.19
EV/Core EBITDA(x) 0.82 0.13 0.28 22.85 20.36
Net Sales Growth(%) 0 -1.59 30.14 31.4 -5.83
EBIT Growth(%) 0 -6.08 60.64 46.29 -18.69
PAT Growth(%) 0 4.04 69.92 46.17 -19.82
EPS Growth(%) 0 -0.12 77 39.78 -19.82
Debt/Equity(x) 0.48 0.18 0.14 0.04 0.19
Current Ratio(x) 1.38 2.96 2.7 7 3.16
Quick Ratio(x) 0.97 1.76 1.58 4.64 1.85
Interest Cover(x) 8.7 9.71 34.96 33.02 25.34
Total Debt/Mcap(x) 0 0 0 0.01 0.04

Tarsons Products Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 47.3 47.31 47.31 47.31 47.31 47.31 47.31 47.31 47.31 47.31
FII 9.33 9.12 9.33 9.89 9.59 9.15 8.64 7.85 6.83 8.16
DII 6.33 7.76 8.06 8.13 8.52 8.45 7.38 3.16 2.6 0.17
Public 37.04 35.82 35.31 34.68 34.58 35.09 36.67 41.69 43.27 44.36
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 25%
  • Company is almost debt free.

Cons

  • Promoter holding is low: 47.31%.
  • Debtor days have increased from 54.91 to 63.4days.
  • Stock is trading at 3.8 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.

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