Tide Water Oil Co(I)

₹1936.9 36.8 | 1.9%

WEBSITE BSE:590005 NSE : TIDE WATE(PS 18 May, 12:50

Market Cap ₹3375 Cr.

Stock P/E 23.0

P/B 4.1

Current Price ₹1936.9

Book Value ₹ 478.2

Face Value 2

52W High ₹1955

Dividend Yield 2.17%

52W Low ₹ 858

Edit Ratio

Tide Water Oil Co(I) Research see more...

Overview Inc. Year: 1921Industry: Lubricants

Tide Water Oil Co. (India) Ltd. is engaged in production and selling Veedol (Lubricating Oil). The Company's merchandise are marketed under the Veedol brand name. Its products comprises automotive lubricants, commercial lubricants and genuine oils. Its automobile lubricants consists of diesel engine oils, 2 wheeler oils, passenger vehicle motor oils, equipment and transmission oils, and greases. Its commercial lubricants consist of commercial oils; industrial greases, and commercial speciality products, which includes Metal Working Fluids, Heat Transfer Fluids, Quenching Oils and Veedol Mistlube. It genuine oils include SML ISUZU LTD, which consists of Veedol SML Genuine Engine Oil and Veedol SML Genuine Gear Oil. Its diesel engine oils includ Veedol HDC and Veedol Turbopro. Its 2 wheeler oils consist of Veedol Super Swift and Veedol Front Fork Oil. Its passenger car motor oils include Veedol Turbostar and Veedol Blue Blood. Its greases include Veedol Long Life Grease and Veedol Silk Shield Grease.

Tide Water Oil Co(I) Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Tide Water Oil Co(I) Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	412	445	439	448	497	470	474	474	496	487
Other Income	5	6	4	3	4	4	5	5	4	8
Total Income	417	451	443	451	501	474	479	479	500	495
Total Expenditure	376	399	399	420	463	429	435	433	455	440
Operating Profit	41	52	44	31	37	45	43	47	46	55
Interest	0	0	0	0	0	0	0	0	1	0
Depreciation	4	4	4	4	4	4	4	4	4	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	37	47	39	27	33	41	39	42	41	51
Provision for Tax	10	11	8	7	9	8	11	10	11	13
Profit After Tax	27	36	32	19	24	33	28	33	30	39
Adjustments	3	2	2	1	2	2	3	3	4	4
Profit After Adjustments	30	38	34	20	26	34	31	35	34	43
Adjusted Earnings Per Share	17.8	22.2	19.8	12	15.3	20.2	18.3	20.7	19.7	25.2

Tide Water Oil Co(I) 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	903	973	1037	974	1130	1275	1379	1317	1258	1536	1854	1931
Other Income	10	21	13	24	30	23	21	23	22	20	15	22
Total Income	913	993	1051	998	1159	1298	1401	1339	1281	1555	1869	1953
Total Expenditure	810	880	957	860	994	1136	1249	1179	1094	1388	1712	1763
Operating Profit	104	113	93	137	165	162	152	161	186	167	157	191
Interest	0	0	1	1	3	3	2	2	2	2	1	1
Depreciation	9	9	11	7	9	9	10	12	14	15	16	16
Exceptional Income / Expenses	0	-3	150	0	0	0	0	0	0	0	0	0
Profit Before Tax	94	100	232	129	153	150	139	146	170	160	147	173
Provision for Tax	31	35	74	50	51	53	52	39	44	37	33	45
Profit After Tax	63	65	159	79	103	98	86	106	126	123	114	130
Adjustments	0	0	0	8	5	9	11	16	16	0	0	14
Profit After Adjustments	63	65	159	86	108	107	97	122	141	123	114	143
Adjusted Earnings Per Share	37	38.1	93.3	49.7	63.7	62.8	57	71.8	83.1	72.3	67.3	83.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	21%	12%	8%	7%
Operating Profit CAGR	-6%	-1%	-1%	4%
PAT CAGR	-7%	2%	3%	6%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	123%	24%	15%	16%
ROE Average	15%	17%	16%	18%
ROCE Average	20%	22%	21%	26%

Tide Water Oil Co(I) 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	338	382	499	586	613	650	640	681	737	720	764
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	1	0	0	0	0
Other Non-Current Liabilities	27	29	45	40	46	44	46	54	53	53	53
Total Current Liabilities	151	193	194	220	286	680	718	748	688	742	770
Total Liabilities	515	604	738	846	945	1374	1405	1482	1478	1516	1587
Fixed Assets	122	122	194	148	231	242	247	262	277	269	270
Other Non-Current Assets	7	4	4	93	78	84	80	94	83	79	86
Total Current Assets	386	478	540	605	637	1049	1078	1127	1119	1168	1231
Total Assets	515	604	738	846	945	1374	1405	1482	1478	1516	1587

Tide Water Oil Co(I) 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	34	49	65	161	112	114	65	34	38	43	32
Cash Flow from Operating Activities	26	30	80	127	35	94	79	133	69	93	103
Cash Flow from Investing Activities	-2	-2	45	-7	24	-86	-1	-49	38	37	6
Cash Flow from Financing Activities	-10	-12	-20	-36	-56	-58	-110	-80	-102	-142	-81
Net Cash Inflow / Outflow	14	16	105	83	2	-50	-31	3	5	-12	28
Closing Cash & Cash Equivalent	49	65	169	244	114	65	34	38	43	32	60

Tide Water Oil Co(I) 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)	37.01	38.12	93.26	49.68	63.69	62.85	57.04	71.8	83.14	72.3	67.35
CEPS(Rs)	42.42	43.69	99.8	49.44	65.73	62.85	56.93	69.93	82.31	81.4	76.49
DPS(Rs)	30	40	70	50	60	70	94	100	120	55	42
Book NAV/Share(Rs)	197.66	223.79	293.81	336.99	360.69	382.55	376.45	400.36	433.27	423.43	449.18
Core EBITDA Margin(%)	8.28	8.26	6.71	9.96	10.44	10.58	9.46	10.47	12.45	9.26	7.31
EBIT Margin(%)	8.36	8.96	19.48	11.43	12.03	11.63	10.23	11.25	13.07	10.17	7.64
Pre Tax Margin(%)	8.34	8.94	19.43	11.33	11.8	11.43	10.05	11.07	12.89	10.07	7.57
PAT Margin (%)	5.57	5.78	13.27	6.92	7.91	7.43	6.26	8.08	9.54	7.73	5.89
Cash Profit Margin (%)	6.39	6.62	14.2	7.57	8.59	8.14	7.02	9.03	10.61	8.7	6.69
ROA(%)	12.83	11.58	23.63	9.93	11.48	8.41	6.21	7.37	8.5	8.21	7.38
ROE(%)	19.62	18.09	36.04	14.48	17.15	15.43	13.38	16.11	17.76	16.88	15.44
ROCE(%)	29.13	27.5	51.1	22.88	24.9	22.88	20.58	21.24	23.47	21.76	19.79
Receivable days	36.7	51.98	54.1	55.14	51.33	54.12	50.94	48.24	43.65	43.13	42.21
Inventory Days	52.33	57.75	54.03	51.03	50.99	54.36	50.11	54.07	67.39	66.09	55.73
Payable days	62.44	66.56	65.13	80.86	87.16	85.9	81.04	89.18	98.69	78.02	62.94
PER(x)	9.47	10.73	7.24	26.39	18.92	19.47	17.97	8.92	10.41	15.37	12.4
Price/Book(x)	1.77	1.83	2.3	3.89	3.34	3.2	2.72	1.6	2	2.62	1.86
Dividend Yield(%)	2.14	2.45	2.59	1.91	2.49	2.86	4.58	7.81	6.93	4.95	5.03
EV/Net Sales(x)	0.61	0.66	0.96	2.12	1.71	1.52	1.18	0.7	1.04	1.14	0.68
EV/Core EBITDA(x)	5.33	5.64	10.7	15.04	11.66	11.99	10.7	5.72	6.99	10.5	8.02
Net Sales Growth(%)	12.69	7.7	6.65	-6.13	16.04	12.83	8.22	-4.56	-4.41	22.03	20.71
EBIT Growth(%)	9.59	6.46	131.54	-44.17	20.45	-2.45	-7.52	4.9	16.38	-6.16	-8.13
PAT Growth(%)	8.62	3	144.68	-50.4	30.76	-5.17	-11.48	23.25	18.25	-2.31	-6.85
EPS Growth(%)	11.17	3	144.68	-46.73	28.2	-1.32	-9.24	25.87	15.79	-13.03	-6.85
Debt/Equity(x)	0.02	0.02	0.04	0.05	0.05	0.06	0.06	0.05	0.02	0.02	0.01
Current Ratio(x)	2.56	2.47	2.79	2.76	2.23	1.54	1.5	1.51	1.63	1.57	1.6
Quick Ratio(x)	1.52	1.45	1.98	2.02	1.52	1.26	1.24	1.24	1.21	1.18	1.2
Interest Cover(x)	449.48	372.19	423.04	121.4	52.51	58.48	57.61	62.74	71.5	101.07	99.7
Total Debt/Mcap(x)	0.01	0.01	0.02	0.01	0.01	0.02	0.02	0.03	0.01	0.01	0

Tide Water Oil Co(I) Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	57.28	57.28	57.28	57.28	57.28	57.28	57.28	57.28	62.27	62.27
FII	0	0	0.7	0.73	0.77	0.82	0.83	0.96	1.38	1.51
DII	10.23	9.3	7.99	7.33	5.99	5.37	2.1	2.12	1.27	1.23
Public	32.49	33.42	34.03	34.66	35.96	36.54	39.79	39.64	35.07	34.99
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	1	1	1	1	1	1	1	1	1.09	1.09
FII	0	0	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.03
DII	0.18	0.16	0.14	0.13	0.1	0.09	0.04	0.04	0.02	0.02
Public	0.57	0.58	0.59	0.6	0.63	0.64	0.69	0.69	0.61	0.61
Others	0	0	0	0	0	0	0	0	0	0
Total	1.74	1.74	1.74	1.74	1.74	1.74	1.74	1.74	1.74	1.74

Pros

Debtor days have improved from 78.02 to 62.94days.
Company is almost debt free.

Cons

Stock is trading at 4.1 times its book value.
The company has delivered a poor profit growth of 3% 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.

Tide Water Oil Co(I) News

IPO

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Tide Water Oil Co(I)

Add Watchlist

Tide Water Oil Co(I) Research see more...

Overview Inc. Year: 1921Industry: Lubricants

Tide Water Oil Co(I) Share Price

Alert Data

Quarterly Price

Peer Comparison

Tide Water Oil Co(I) Quarterly Results

Tide Water Oil Co(I) Profit & Loss

Growth Rates

Tide Water Oil Co(I) Balance Sheet

Tide Water Oil Co(I) Cash Flow

Tide Water Oil Co(I) Ratios

Tide Water Oil Co(I) Shareholding Pattern

Tide Water Oil Co(I) News

IPO

Stocx: India's #1 Marketplace to Find Your Winning Stock

Please Login!

Error!