WEBSITE BSE:504966 NSE: TINPLATE Inc. Year: 1920 Industry: Steel & Iron Products My Bucket: Add Stock
Last updated: 00:00
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 / coat...Read More
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. ...Read Less
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Market Cap ₹4505 Cr.
Stock P/E 31.5
P/B 3.7
Current Price ₹430.5
Book Value ₹ 117.6
Face Value 10
52W High ₹0
Dividend Yield 0.7%
52W Low ₹ 0
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(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 |
| #(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 |
| # | 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 | 22% | 10% | 20% | 19% |
| ROE Average | 12% | 20% | 16% | 12% |
| ROCE Average | 17% | 27% | 22% | 18% |
| #(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 |
| #(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 |
| # | 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 |
| # | 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 |
* The pros and cons are machine generated.
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