TGV SRACC

₹90 -0.2 | 0.2%

WEBSITE BSE:507753 NSE : TGVSL 10 May, 16:01

Market Cap ₹964 Cr.

Stock P/E 11.3

P/B 0.9

Current Price ₹90

Book Value ₹ 102.8

Face Value 10

52W High ₹132.8

Dividend Yield 0%

52W Low ₹ 80.8

Edit Ratio

TGV SRACC Research see more...

Overview Inc. Year: 1981Industry: Chemicals

TGV SRAAC Ltd manufactures and sells chlor-alkali products, chloromethane, castor derivatives, and fatty acids in India. The employer operates via Chemicals, and Oils & Fats segments. Its castor derivatives include hydrogenated castor oil, 12-hydroxy stearic acid, ricinoleic acid, refined castor oil, methyl 12 hydroxy stearate, sodium sulphate, and castor (ricinoleic) methyl ester. The corporation additionally offers chlor-alkali merchandise, such as caustic soda and potash, liquid chlorine, hydrochloric acid, hydrogen gas, sodium hypochlorite, barium sulphate, potassium carbonate, and sodium hypo; and stearic acid, soaps noodles, refined glycerine, and hydrogenated palm stearin. In addition, it provides chloromethane merchandise comprising methyl chloride, methylene chloride, chloroform, and carbon tetra chloride, in addition to rest room soaps. TGV SRAAC Ltd also exports its merchandise to Canada, China, Dubai, France, Georgia, Germany, Greece, Iran, Italy, Japan, Jordan, Kenya, Korea, Kuwait, Malaysia, the Netherlands, Poland, Russia, Singapore, Spain, Sri Lanka, Saudi Arabia, Thailand, the US, the UK, and different nations. It additionally generates power through thermal and windmills. The employer became formerly known as Sree Rayalaseema Alkalies and Allied Chemicals Ltd. And modified its call to TGV SRAAC Ltd in October 2017. TGV SRAAC Ltd changed into integrated in 1981 and is primarily based in Kurnool, India.

TGV SRACC Share Price

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Peer Comparison

TGV SRACC Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	305	436	534	596	609	592	529	415	360	402
Other Income	1	1	3	1	2	1	3	5	3	4
Total Income	306	437	538	597	611	593	532	420	363	406
Total Expenditure	256	341	405	419	459	449	462	368	333	358
Operating Profit	50	95	133	178	152	144	70	52	30	48
Interest	11	13	8	7	6	5	9	5	5	6
Depreciation	17	18	18	18	18	19	19	20	21	21
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	21	0
Profit Before Tax	23	64	106	153	127	120	42	27	25	21
Provision for Tax	8	23	38	5	33	33	10	7	7	6
Profit After Tax	15	41	68	148	95	88	32	20	19	15
Adjustments	-0	-0	0	-0	-0	-0	-0	-0	-0	-0
Profit After Adjustments	15	41	68	148	95	88	32	20	19	15
Adjusted Earnings Per Share	1.4	3.9	6.4	13.8	8.8	8.2	3	1.9	1.7	1.4

TGV SRACC 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	817	769	777	816	931	1189	1205	1040	1009	1525	2326	1706
Other Income	5	4	6	5	9	7	5	8	10	7	7	15
Total Income	821	773	782	822	940	1195	1210	1048	1019	1532	2332	1721
Total Expenditure	696	670	669	704	794	987	964	883	859	1219	1786	1521
Operating Profit	125	103	114	118	146	208	246	166	160	313	546	200
Interest	45	40	40	44	60	58	71	44	48	35	30	25
Depreciation	41	36	36	35	47	77	58	56	63	69	74	81
Exceptional Income / Expenses	0	-13	0	0	0	0	-12	0	0	0	0	21
Profit Before Tax	40	14	37	39	40	73	105	65	49	209	442	115
Provision for Tax	2	-0	9	8	18	23	27	17	19	75	80	30
Profit After Tax	38	14	28	30	22	50	78	48	30	135	362	86
Adjustments	0	-10	-6	-6	-5	-21	-10	-1	-1	-0	-0	0
Profit After Adjustments	38	5	22	24	17	30	68	47	29	134	362	86
Adjusted Earnings Per Share	5.3	1.9	3.6	3.6	2.5	5.5	8.1	4.7	2.8	12.6	33.8	8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	53%	31%	14%	11%
Operating Profit CAGR	74%	49%	21%	16%
PAT CAGR	168%	96%	49%	25%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-15%	34%	18%	28%
ROE Average	40%	22%	19%	14%
ROCE Average	39%	23%	21%	16%

TGV SRACC 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	270	275	297	338	347	382	479	537	610	744	1047
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	110	109	98	160	157	133	122	176	253	181	71
Other Non-Current Liabilities	69	66	69	70	80	124	154	181	167	212	185
Total Current Liabilities	328	346	354	404	497	457	347	385	428	495	485
Total Liabilities	777	796	818	972	1081	1096	1103	1279	1459	1632	1786
Fixed Assets	456	431	444	660	698	669	636	808	774	902	1041
Other Non-Current Assets	120	167	163	43	66	89	118	80	245	170	92
Total Current Assets	202	198	210	268	316	339	349	391	440	559	653
Total Assets	777	796	818	972	1081	1096	1103	1279	1459	1632	1786

TGV SRACC 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	60	31	22	33	3	3	5	7	7	32	15
Cash Flow from Operating Activities	27	78	65	50	142	153	202	122	132	168	429
Cash Flow from Investing Activities	-53	-75	-52	-132	-109	-75	-55	-188	-163	-147	-169
Cash Flow from Financing Activities	-3	-12	-2	91	-33	-76	-145	65	58	-38	-255
Net Cash Inflow / Outflow	-29	-9	11	9	-0	2	2	-0	26	-18	5
Closing Cash & Cash Equivalent	31	22	33	42	3	5	7	7	32	15	20

TGV SRACC 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)	5.31	1.92	3.55	3.64	2.51	5.48	8.1	4.72	2.78	12.56	33.81
CEPS(Rs)	11.01	6.67	8.18	7.93	7.86	13.82	14.11	10.25	8.67	18.97	40.68
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	34.28	33.7	35.33	37.36	39.52	41.64	48.56	52.25	56.98	69.42	97.73
Core EBITDA Margin(%)	13.07	11.31	12.34	12.22	13.34	16.57	17.15	15.13	14.86	20.07	23.2
EBIT Margin(%)	9.18	6.16	8.83	8.96	9.65	10.83	12.54	10.5	9.58	16.03	20.32
Pre Tax Margin(%)	4.34	1.6	4.27	4.19	3.85	6.05	7.5	6.23	4.84	13.73	19.01
PAT Margin (%)	4.08	1.65	3.19	3.28	2.13	4.14	5.58	4.62	2.95	8.82	15.57
Cash Profit Margin (%)	8.46	5.72	7.35	7.13	6.66	10.45	9.72	10.03	9.21	13.32	18.73
ROA(%)	4.8	1.83	3.47	3.38	2.14	4.62	7.12	4.03	2.17	8.71	21.19
ROE(%)	16.93	5.8	10.56	10.28	6.7	13.84	18.38	9.6	5.21	19.88	40.45
ROCE(%)	14.18	9.19	12.87	11.85	12.47	15.99	21.61	12.56	9.57	21.53	38.65
Receivable days	24.86	23.44	21.91	23.31	24.89	27.28	26.69	31.88	32.91	39.65	36.01
Inventory Days	27.2	25.75	21.97	22.34	24.04	19.66	20.16	38.09	44.01	26.95	19.53
Payable days	80.27	101.53	84.12	78.47	88.31	96.65	74.3	67.59	70.47	67.43	44.27
PER(x)	1.4	4.66	3.05	4.4	8.87	9.5	5.16	2.52	8.74	6.24	2.89
Price/Book(x)	0.22	0.27	0.31	0.43	0.56	1.25	0.86	0.23	0.43	1.13	1
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.44	0.48	0.51	0.66	0.66	0.73	0.58	0.43	0.62	0.79	0.52
EV/Core EBITDA(x)	2.89	3.58	3.5	4.59	4.19	4.15	2.82	2.71	3.94	3.87	2.19
Net Sales Growth(%)	3.62	-5.82	0.99	5.12	14.09	27.61	1.35	-13.64	-3.03	51.21	52.47
EBIT Growth(%)	22.62	-36.64	43.96	6.66	20.32	32.44	33.77	-34.23	-11.57	153.02	93.3
PAT Growth(%)	171.72	-61.88	94.57	7.95	-27.41	129.4	55.58	-29.78	-38.13	352.69	169.14
EPS Growth(%)	158.14	-63.79	84.85	2.46	-30.98	117.93	47.8	-41.7	-41.22	352.69	169.14
Debt/Equity(x)	1.22	1.12	1.1	1.31	1.38	1.15	0.7	0.74	0.78	0.59	0.21
Current Ratio(x)	0.61	0.57	0.59	0.66	0.64	0.74	1.01	1.02	1.03	1.13	1.35
Quick Ratio(x)	0.43	0.4	0.48	0.49	0.51	0.6	0.75	0.69	0.76	0.91	1.06
Interest Cover(x)	1.9	1.35	1.94	1.88	1.66	2.27	2.48	2.46	2.02	6.96	15.55
Total Debt/Mcap(x)	6.07	4.52	3.83	3.25	2.45	0.92	0.81	3.27	1.84	0.52	0.21

TGV SRACC Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	63.18	63.18	63.18	63.18	63.18	63.18	63.18	63.18	63.18	63.18
FII	0	0	0	1.28	1.1	1.05	0.72	0.13	0	0
DII	0.24	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Public	36.58	36.8	36.8	35.52	35.71	35.76	36.08	36.67	36.8	36.8
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	6.77	6.77	6.77	6.77	6.77	6.77	6.77	6.77	6.77	6.77
FII	0	0	0	0.14	0.12	0.11	0.08	0.01	0	0
DII	0.03	0	0	0	0	0	0	0	0	0
Public	3.92	3.94	3.94	3.8	3.82	3.83	3.86	3.93	3.94	3.94
Others	0	0	0	0	0	0	0	0	0	0
Total	10.71	10.71	10.71	10.71	10.71	10.71	10.71	10.71	10.71	10.71

Pros

Stock is trading at 0.9 times its book value
Company has delivered good profit growth of 48% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 22%
Debtor days have improved from 67.43 to 44.27days.
Company has reduced debt.
Company is almost debt free.

Cons

* 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.