Sharescart Research Club logo

Tayo Rolls Overview

1. Business Overview

Tayo Rolls Ltd. operates in the Engineering - Industrial Equipments sector. Its core business involves the manufacturing and supply of various types of rolls for industrial applications. These specialized rolls are critical components used in diverse industries such as steel, non-ferrous metals, paper, cement, and mining, primarily for processes like hot rolling, cold rolling, crushing, and forming. The company's business model is B2B, serving other industrial manufacturers and processing plants by providing high-precision, durable, and application-specific rolls. Tayo Rolls Ltd. generates revenue through the direct sale of these manufactured rolls and potentially through related services like customization, repair, and refurbishment.

2. Key Segments / Revenue Mix

Specific segment breakdowns for Tayo Rolls Ltd. are not readily available in public domain information. However, based on its industry and product, the company's revenue is primarily derived from the manufacturing and sale of industrial rolls. These products likely cater to different end-user industries, which could implicitly form operational segments (e.g., rolls for ferrous industry, rolls for non-ferrous industry, rolls for paper industry, etc.), but the company generally operates as a single specialized product manufacturer.

3. Industry & Positioning

The industrial rolls manufacturing industry is a specialized niche within the broader engineering and capital goods sector. It is characterized by high precision requirements, material science expertise, and often long product life cycles. The market structure includes a mix of large global players and smaller, specialized domestic manufacturers. Tayo Rolls Ltd. positions itself as a specialized manufacturer of industrial rolls, likely competing on product quality, customization capabilities, and technical expertise. As an Indian company, it likely has a strong presence in the domestic market while potentially also serving export markets. Its positioning relies on its ability to meet the stringent quality and performance demands of heavy industries.

4. Competitive Advantage (Moat)

Tayo Rolls Ltd. may derive competitive advantages from several factors:

Specialized Expertise: Decades of experience in metallurgy, manufacturing processes, and roll design for critical industrial applications.

Switching Costs: For end-user industries, changing roll suppliers can involve extensive testing, recalibration, and potential production downtime, creating high switching costs.

Product Reliability & Reputation: Consistent delivery of high-quality, durable rolls builds a strong reputation and trust among industrial clients.

Customization Capabilities: Ability to manufacture rolls tailored to specific operational requirements of diverse industries.

5. Growth Drivers

Key factors that can drive growth for Tayo Rolls Ltd. over the next 3-5 years include:

Infrastructure Development: Increased capital expenditure in core sectors like steel, cement, and power, driving demand for new rolling mills and replacement rolls.

Industrial Modernization & Capacity Expansion: Upgrades and expansions in existing industrial plants requiring specialized and higher-performance rolls.

"Make in India" Initiative: Government thrust on domestic manufacturing potentially benefiting local industrial equipment suppliers.

Technological Advancements: Development of new alloys and manufacturing processes for rolls that offer enhanced performance and longevity.

Export Opportunities: Tapping into global markets for specialized industrial rolls, particularly in developing economies.

6. Risks

Cyclicality of End-User Industries: Demand for industrial rolls is highly dependent on the CAPEX cycles and production levels of sectors like steel, paper, and cement, making the company susceptible to economic downturns in these sectors.

Raw Material Price Volatility: Significant fluctuations in the prices of critical raw materials (e.g., special steels, alloys) can impact manufacturing costs and profitability.

Intense Competition: Competition from both domestic and international players, including larger global manufacturers, could exert pressure on pricing and market share.

Technological Obsolescence: Failure to continuously invest in R&D and upgrade manufacturing technologies could lead to products becoming outdated.

Foreign Exchange Fluctuations: For companies involved in exports or importing raw materials, currency volatility can affect profitability.

7. Management & Ownership

Tayo Rolls Ltd. is typically driven by its promoters, a common structure for many Indian companies. Promoter groups generally hold a significant stake, which often signifies a long-term strategic vision and direct involvement in the company's operations. The management team likely comprises professionals with specialized expertise in engineering, metallurgy, and industrial manufacturing, focusing on operational efficiency, product quality, and client relationships. Ownership is usually diversified among promoters, institutional investors, and the public.

8. Outlook

The outlook for Tayo Rolls Ltd. is tied to the broader industrial growth and infrastructure development trajectory, particularly in India. A robust domestic industrial economy, coupled with government initiatives promoting manufacturing and infrastructure, could provide a stable demand environment for its specialized products. Continued investment in R&D to enhance product performance and expand into new application areas would be crucial for sustained growth. However, the company faces inherent risks from the cyclical nature of its end-user industries and the volatility of raw material prices. Competition, both domestic and international, also necessitates continuous focus on operational excellence and technological upgrades. While potential for growth exists from industrial expansion, economic slowdowns or significant shifts in raw material costs could impact its financial performance.

Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

Tayo Rolls Key Financials

Market Cap ₹92 Cr.

Stock P/E -27.8

P/B -0.2

Current Price ₹89.4

Book Value ₹ -476.6

Face Value 10

52W High ₹0

Dividend Yield 0%

52W Low ₹ 0

Tayo Rolls Share Price

| |

Volume
Price

Tayo Rolls Quarterly Price

Show Value Show %

Tayo Rolls Quarterly Results

#(Fig in Cr.) Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Net Sales 0 0 0 0 0 0 0 0 0 0
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 0 0 0 0 0 0 0 0 0 0
Total Expenditure 1 0 0 0 0 0 0 0 0 0
Operating Profit -1 0 0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -1 -1 -1 -1 -1 -1 -1 -1 -1 -1
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -1 -1 -1 -1 -1 -1 -1 -1 -1 -1
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -1 -1 -1 -1 -1 -1 -1 -1 -1 -1
Adjusted Earnings Per Share -0.8 -0.8 -0.8 -0.8 -0.8 -0.8 -0.8 -0.8 -0.8 -0.8

Tayo Rolls Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 152 142 126 42 0 0 0 0 0 0 0 0
Other Income 1 1 2 6 1 1 0 0 0 0 0 0
Total Income 153 143 128 48 1 1 0 0 0 0 0 0
Total Expenditure 167 174 165 82 19 10 3 0 0 0 0 0
Operating Profit -15 -31 -37 -34 -18 -9 -2 -0 -0 -0 -0 0
Interest 19 16 14 17 9 5 0 0 0 0 0 0
Depreciation 23 13 17 7 5 6 6 3 3 3 3 4
Exceptional Income / Expenses -19 -8 -89 -25 6 0 0 0 0 0 0 0
Profit Before Tax -75 -68 -157 -83 -26 -20 -8 -4 -3 -3 -3 -4
Provision for Tax 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Tax -75 -68 -157 -83 -26 -20 -8 -4 -3 -3 -3 -4
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -75 -68 -157 -83 -26 -20 -8 -4 -3 -3 -3 -4
Adjusted Earnings Per Share -73.1 -65.9 -152.8 -80.8 -25 -19.5 -7.7 -3.5 -3.4 -3.4 -3.2 -3.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 0% 0% -100%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 26% 9% 12% 8%
ROE Average 0% 0% 0% 0%
ROCE Average 0% 0% 0% -76%

Tayo Rolls Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 57 52 -340 -423 -448 -468 -476 -477 -481 -484 -487
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 37 20 255 280 358 333 333 333 333 333 333
Other Non-Current Liabilities 26 24 15 7 7 7 13 13 0 0 0
Total Current Liabilities 190 195 238 236 169 203 220 211 211 211 211
Total Liabilities 309 291 168 101 86 75 90 80 63 60 56
Fixed Assets 135 139 69 62 47 41 36 32 29 25 22
Other Non-Current Assets 37 34 16 14 15 14 23 22 5 5 5
Total Current Assets 138 118 83 24 24 21 32 25 29 29 29
Total Assets 309 291 168 101 86 75 90 80 63 60 56

Tayo Rolls Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 16 27 6 5 8 2 1 2 0 0 0
Cash Flow from Operating Activities -30 -25 -14 -15 -21 -5 -0 -2 -0 -0 -0
Cash Flow from Investing Activities -8 -27 -3 -2 -1 0 1 -0 0 0 0
Cash Flow from Financing Activities 49 31 16 20 17 3 0 0 0 0 0
Net Cash Inflow / Outflow 12 -21 -1 3 -5 -1 0 -2 -0 -0 -0
Closing Cash & Cash Equivalent 27 6 5 8 2 1 2 0 0 0 0

Tayo Rolls Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) -73.14 -65.9 -152.85 -80.84 -25 -19.45 -7.73 -3.45 -3.39 -3.36 -3.22
CEPS(Rs) -51.15 -53.19 -136.52 -74.07 -20.34 -13.72 -2.26 -0.05 -0 -0 -0
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) -112.08 -178.41 -331.08 -411.89 -436.9 -456.34 -463.67 -465.06 -468.45 -471.8 -475.02
Core EBITDA Margin(%) -9.28 -20.62 -27.94 -85.71 -5329.26 0 0 0 0 0 0
EBIT Margin(%) -33.74 -33.21 -102.3 -141.7 -4733.42 0 0 0 0 0 0
Pre Tax Margin(%) -45.05 -43.28 -112 -177.86 -7366.18 0 0 0 0 0 0
PAT Margin (%) -45.05 -43.28 -112 -177.86 -7366.18 0 0 0 0 0 0
Cash Profit Margin (%) -31.51 -34.93 -100.04 -162.97 -5993.68 0 0 0 0 0 0
ROA(%) -24.66 -22.54 -68.31 -61.6 -27.46 -24.79 -9.58 -4.17 -4.87 -5.62 -5.71
ROE(%) 0 0 0 0 0 0 0 0 0 0 0
ROCE(%) -29.32 -29.28 -140.39 -632.01 0 0 0 0 0 0 0
Receivable days 91.71 99.92 93.68 120.13 981.93 0 0 0 0 0 0
Inventory Days 106.38 124.73 123.44 176.98 8043.05 0 0 0 0 0 0
Payable days 412.96 306.26 293.01 429.45 0 0 0 0 0 0 0
PER(x) 0 0 0 0 0 0 0 0 0 0 0
Price/Book(x) -0.41 -0.31 -0.12 -0.13 -0.13 -0.08 -0.04 -0.08 -0.26 -0.11 -0.19
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 2.12 2.83 3.26 10.75 1359.83 0 0 0 0 0 0
EV/Core EBITDA(x) -22.18 -12.98 -11 -13.37 -26.67 -49.51 -193.46 0 0 0 0
Net Sales Growth(%) -14.35 -6.7 -11.01 -66.53 -99.17 -100 0 0 0 0 0
EBIT Growth(%) -264.3 7.68 -176.03 53.87 75.05 7.69 48.23 55.65 0.58 0.88 4.03
PAT Growth(%) -122.43 9.89 -131.94 47.11 69.07 22.2 60.26 55.33 1.97 0.88 4.03
EPS Growth(%) -122.43 9.89 -131.93 47.11 69.07 22.2 60.26 55.33 1.97 0.87 4.03
Debt/Equity(x) 2.29 2.21 -1.11 -0.96 -0.95 -0.91 -0.9 -0.9 -0.89 -0.88 -0.88
Current Ratio(x) 0.73 0.61 0.35 0.1 0.14 0.1 0.15 0.12 0.14 0.14 0.14
Quick Ratio(x) 0.46 0.31 0.19 0.07 0.1 0.06 0.11 0.08 0.1 0.1 0.1
Interest Cover(x) -2.98 -3.3 -10.54 -3.92 -1.8 -3.21 -147.83 -70.88 0 0 0
Total Debt/Mcap(x) 2.79 2.01 9.64 7.35 7.53 10.95 21.08 10.98 3.46 8.17 4.66

Tayo Rolls Shareholding Pattern

# Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
Promoter 73.21 73.21 73.21 73.21 73.21 73.21 73.21 73.21 73.21 73.21
FII 0 0 0 0 0 0 0 0 0 0
DII 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Public 26.78 26.78 26.78 26.78 26.78 26.78 26.78 26.78 26.78 26.78
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Tayo Rolls News

Tayo Rolls Pros & Cons

Pros

  • Stock is trading at -0.2 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
whatsapp