Tinplate Company

₹430.5 0 | 0%

WEBSITE BSE:504966 NSE : TINPLATE 18 Jan, 00:00

Market Cap ₹4505 Cr.

Stock P/E 81.2

P/B 3.7

Current Price ₹430.5

Book Value ₹ 117.6

Face Value 10

52W High ₹460.8

Dividend Yield 0.7%

52W Low ₹ 308.1

Edit Ratio

Tinplate Company Research see more...

Overview Inc. Year: 1920Industry: Steel & Iron Products

The Tinplate Company of India Ltd is engaged inside the production of electrolytic tinplate. It provides metallic packaging solutions for various meals and non-food merchandise thru the manufacturing and advertising of tinplate and tin free metallic underneath the brand call of Tata Tin plate. The electrolytic tinplate products consist of single reduced electrolytic tinplate (SR ETP), double reduced tinplate (DR ETP), and smooth double reduced electrolytic tinplate (Soft DR ETP). Its value added/downstream merchandise comprises lacquered / coated electrolytic tinplate sheets and printed electrolytic tinplate sheets. Its printed tinplate sheets are used for food cans, paints, and battery jackets. Its applications comprises safe to eat oils, paints and insecticides, processed foods, battery and aerosols, and manufacturers of bottle crowns. Its manufacturing facility is located at Jamshedpur, Jharkhand, which has cold rolling mills , electrolytic tinning Lines (ETLs) and printing and lacquering traces.

Tinplate Company Share Price

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Peer Comparison

Tinplate Company Quarterly Results

#(Fig in Cr.)	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Sep 2023
Net Sales	755	866	977	1180	1227	1007	960	960	1033	942
Other Income	8	8	10	10	11	11	12	15	18	18
Total Income	763	874	987	1190	1238	1017	972	975	1050	960
Total Expenditure	670	765	870	1046	1068	886	1000	907	952	942
Operating Profit	93	109	117	144	170	131	-28	68	99	18
Interest	3	2	2	2	2	2	3	3	5	4
Depreciation	15	15	15	15	16	15	16	16	17	18
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	74	92	100	127	152	114	-47	49	77	-3
Provision for Tax	18	23	25	32	38	29	-11	12	20	-1
Profit After Tax	56	69	75	95	114	85	-35	36	57	-2
Adjustments	0	0	-0	0	-0	0	0	0	0	-0
Profit After Adjustments	56	69	75	95	114	85	-35	36	57	-2
Adjusted Earnings Per Share	5.4	6.5	7.2	9.1	10.9	8.1	-3.3	3.5	5.4	-0.2

Tinplate Company 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	877	1059	911	836	831	1919	2584	2106	2281	4250	3959	3895
Other Income	21	25	28	19	19	19	29	28	28	43	57	63
Total Income	899	1084	939	855	850	1938	2614	2133	2309	4292	4016	3957
Total Expenditure	766	911	788	669	741	1757	2451	1958	2108	3752	3746	3801
Operating Profit	133	173	151	186	110	180	162	176	201	540	270	157
Interest	25	21	12	6	3	3	7	10	8	8	12	15
Depreciation	58	61	71	73	66	62	64	61	62	61	64	67
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	50	91	68	106	41	115	92	104	132	471	193	76
Provision for Tax	21	28	23	38	13	42	34	9	34	118	50	20
Profit After Tax	28	63	45	68	28	73	58	95	98	353	143	56
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	28	63	45	68	28	73	58	95	98	353	143	56
Adjusted Earnings Per Share	1.8	5.2	3.9	6.5	2.7	7	5.5	9.1	9.4	33.7	13.6	5.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-7%	23%	16%	16%
Operating Profit CAGR	-50%	15%	8%	7%
PAT CAGR	-59%	15%	14%	18%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	32%	23%	27%	23%
ROE Average	12%	20%	16%	12%
ROCE Average	17%	27%	22%	18%

Tinplate Company 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	602	580	549	623	622	677	711	761	846	1171	1263
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	76	37	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	123	155	163	160	166	159	153	172	270	444	501
Total Current Liabilities	197	242	243	192	204	439	512	500	511	795	639
Total Liabilities	998	1013	955	976	993	1274	1376	1433	1627	2409	2403
Fixed Assets	762	723	680	628	604	567	563	578	545	556	596
Other Non-Current Assets	60	92	79	82	56	77	81	90	226	392	417
Total Current Assets	175	198	196	265	333	631	732	764	856	1462	1390
Total Assets	998	1013	955	976	993	1274	1376	1433	1627	2409	2403

Tinplate Company 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	0	1	4	9	44	32	19	92	142
Cash Flow from Operating Activities	84	199	170	114	91	108	124	53	252	454	215
Cash Flow from Investing Activities	-50	-35	-35	-36	-57	-51	-104	-32	-162	-373	-269
Cash Flow from Financing Activities	-34	-164	-134	-75	-28	-23	-32	-33	-18	-31	-56
Net Cash Inflow / Outflow	0	-1	1	3	5	34	-12	-12	73	50	-109
Closing Cash & Cash Equivalent	1	0	1	4	9	44	32	19	92	142	32

Tinplate Company 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)	1.84	5.22	3.88	6.48	2.66	6.99	5.54	9.08	9.38	33.72	13.65
CEPS(Rs)	8.24	11.85	11.08	13.47	8.95	12.91	11.61	14.93	15.27	39.53	19.81
DPS(Rs)	1	1.6	1.6	2	1.6	2	2	1	2	4	3
Book NAV/Share(Rs)	47.73	50.95	52.44	59.5	59.44	64.64	67.93	72.67	80.82	111.86	120.66
Core EBITDA Margin(%)	12.7	13.94	13.49	19.95	10.91	8.4	5.16	7.03	7.6	11.7	5.38
EBIT Margin(%)	8.52	10.56	8.77	13.44	5.26	6.18	3.83	5.44	6.12	11.28	5.18
Pre Tax Margin(%)	5.64	8.56	7.43	12.72	4.89	6	3.55	4.95	5.78	11.09	4.87
PAT Margin (%)	3.22	5.93	4.89	8.12	3.35	3.81	2.24	4.51	4.3	8.3	3.61
Cash Profit Margin (%)	9.83	11.71	12.71	16.87	11.26	7.04	4.7	7.42	7	9.74	5.24
ROA(%)	2.89	6.24	4.53	7.03	2.83	6.45	4.38	6.77	6.42	17.49	5.94
ROE(%)	5.68	12.16	8.24	11.58	4.48	11.27	8.36	12.92	12.22	35	11.74
ROCE(%)	9.98	15.65	12.65	18.46	7.03	18.25	14.26	15.58	17.38	47.53	16.85
Receivable days	25.84	24.68	18.94	18.79	29.25	17.15	15.75	16.88	11.62	5.52	3.4
Inventory Days	23.79	22.02	26.65	32.77	32.43	24.6	28.59	46.28	47.35	29.94	36.78
Payable days	58.13	52.73	86.87	124.03	85.31	36.74	37.8	54.56	51.72	39.81	50.65
PER(x)	21.92	9.68	13.98	10.16	29.19	26.85	27.86	8.23	17.12	11.9	22.77
Price/Book(x)	0.84	0.99	1.04	1.11	1.31	2.9	2.27	1.03	1.99	3.59	2.57
Dividend Yield(%)	2.48	3.17	2.95	3.04	2.06	1.07	1.3	1.34	1.25	1	0.97
EV/Net Sales(x)	0.77	0.63	0.67	0.82	0.97	1	0.61	0.36	0.64	0.88	0.69
EV/Core EBITDA(x)	5.11	3.85	4.04	3.69	7.33	10.63	9.75	4.33	7.26	6.92	10.08
Net Sales Growth(%)	39.89	20.74	-13.97	-8.25	-0.54	130.75	34.7	-18.53	8.34	86.27	-6.84
EBIT Growth(%)	65.6	49.52	-28.45	40.38	-61.05	170.87	-16.53	15.88	21.84	243.23	-57.21
PAT Growth(%)	70.56	122.44	-28.98	52.13	-58.93	162.61	-20.73	63.84	3.28	259.57	-59.53
EPS Growth(%)	174.67	184.03	-25.59	66.85	-58.93	162.6	-20.73	63.84	3.28	259.57	-59.53
Debt/Equity(x)	0.26	0.16	0.08	0	0	0	0	0	0	0	0
Current Ratio(x)	0.89	0.82	0.8	1.38	1.63	1.44	1.43	1.53	1.68	1.84	2.17
Quick Ratio(x)	0.58	0.55	0.53	0.95	1.32	1	1.02	0.88	1.15	1.3	1.6
Interest Cover(x)	2.96	5.29	6.55	18.58	14.14	35.9	13.83	10.94	18.01	58.46	16.8
Total Debt/Mcap(x)	0.37	0.17	0.08	0	0	0	0	0	0	0	0

Tinplate Company Shareholding Pattern

#	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Promoter	74.96	74.96	74.96	74.96	74.96	74.96	74.96	74.96	74.96	74.96
FII	2.61	2.66	2.97	3.01	2.84	2.26	1.99	2.13	2.03	2.51
DII	0.03	0.03	0.03	0.03	0.03	0.03	0.04	0.03	0.17	0.27
Public	22.41	22.36	22.04	22	22.18	22.75	23.01	22.89	22.84	22.27
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Promoter	7.85	7.85	7.85	7.85	7.85	7.85	7.85	7.85	7.85	7.85
FII	0.27	0.28	0.31	0.32	0.3	0.24	0.21	0.22	0.21	0.26
DII	0	0	0	0	0	0	0	0	0.02	0.03
Public	2.35	2.34	2.31	2.3	2.32	2.38	2.41	2.4	2.39	2.33
Others	0	0	0	0	0	0	0	0	0	0
Total	10.47	10.47	10.47	10.47	10.47	10.47	10.47	10.47	10.47	10.47

Pros

Company is almost debt free.

Cons

Debtor days have increased from 39.81 to 50.65days.
Stock is trading at 3.7 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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Tinplate Company

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Tinplate Company Research see more...

Overview Inc. Year: 1920Industry: Steel & Iron Products

Tinplate Company Share Price

Alert Data

Quarterly Price

Peer Comparison

Tinplate Company Quarterly Results

Tinplate Company Profit & Loss

Growth Rates

Tinplate Company Balance Sheet

Tinplate Company Cash Flow

Tinplate Company Ratios

Tinplate Company Shareholding Pattern

Tinplate Company News

Top Unlisted Companies & InstaBuy Companies

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