Tuticorin Alkali Che

₹87.4 3.4 | 4.1%

WEBSITE BSE:506808 NSE : TUTIALKA 18 May, 12:50

Market Cap ₹1064 Cr.

Stock P/E 15.3

P/B -8.9

Current Price ₹87.4

Book Value ₹ -9.8

Face Value 10

52W High ₹117

Dividend Yield 0%

52W Low ₹ 50.7

Edit Ratio

Tuticorin Alkali Che Research see more...

Overview Inc. Year: 1971Industry: Chemicals

Tuticorin Alkali Chemicals and Fertilizers Ltd is engaged in production of soda ash and ammonium chloride (fertilizer). The Company's commercial enterprise segment consists of Tuticorin operations (soda ash/ammonium chloride-dual products). It produces other products, inclusive of ammonium chloride technical grade and pure grade, and sodium bicarbonate. Soda Ash (Sodium Carbonate) is an commercial chemical, which has applications in industries, together with soaps and detergents, glass, silicates, dyes and dyestuffs, bichromate, textiles and different products, together with house cleansing and petroleum refining dealers. Ammonium Chloride is a nitrogenous fertilizer, which has packages within the farming network for crops, including paddy, sugarcane, groundnut, banana, coconut, cotton and mulberry. Ammonium chloride technical grade and natural grade is used in batteries, pharmaceuticals and for galvanizing. Sodium Bicarbonate is utilized in manufacture of biscuits, prescription drugs and fire extinguishers.

Tuticorin Alkali Che Share Price

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Peer Comparison

Tuticorin Alkali Che 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	50	80	111	119	148	134	99	90	76	56
Other Income	0	5	1	0	0	0	0	1	0	1
Total Income	50	85	113	120	149	134	99	91	76	57
Total Expenditure	62	69	97	97	129	106	78	70	55	41
Operating Profit	-12	16	16	23	19	28	21	20	21	15
Interest	1	1	0	1	1	1	0	1	1	1
Depreciation	1	1	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	-4
Profit Before Tax	-13	15	14	21	18	26	19	19	19	9
Provision for Tax	0	0	0	0	0	-22	0	0	0	-3
Profit After Tax	-13	15	14	21	18	48	19	19	19	12
Adjustments	0	0	0	0	-0	0	0	-0	0	0
Profit After Adjustments	-13	15	14	21	18	48	19	19	19	12
Adjusted Earnings Per Share	-1.1	1.2	1.2	1.7	1.4	4	1.6	1.6	1.6	1

Tuticorin Alkali Che 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	156	26	132	157	133	134	175	157	66	175	513	321
Other Income	3	1	7	1	1	1	1	3	2	6	2	2
Total Income	159	27	139	158	134	135	176	160	68	181	515	323
Total Expenditure	168	44	146	173	163	173	208	178	121	209	429	244
Operating Profit	-9	-17	-7	-15	-30	-39	-32	-18	-53	-29	86	77
Interest	8	10	8	5	3	3	2	2	2	2	3	3
Depreciation	5	4	2	2	2	2	3	3	3	3	4	4
Exceptional Income / Expenses	0	0	0	56	0	0	0	0	0	0	0	-4
Profit Before Tax	-21	-30	-17	34	-35	-44	-38	-24	-58	-34	79	66
Provision for Tax	0	0	0	0	0	1	0	0	0	0	-22	-3
Profit After Tax	-21	-30	-17	34	-35	-45	-38	-24	-58	-34	101	69
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-21	-30	-17	34	-35	-45	-38	-24	-58	-34	101	69
Adjusted Earnings Per Share	-14.3	-20.5	-11.6	22.7	-23.8	-30.2	-3.1	-1.9	-4.8	-2.8	8.3	5.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	193%	48%	31%	13%
Operating Profit CAGR	0%	0%	0%	0%
PAT CAGR	0%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	64%	95%	85%	42%
ROE Average	0%	0%	0%	0%
ROCE Average	0%	0%	0%	0%

Tuticorin Alkali Che 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	-107	-137	-154	-121	-199	-244	-174	-198	-256	-290	10
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	10	10	10	10	35	36	0	0	0	0	0
Other Non-Current Liabilities	7	7	7	6	-1	0	0	0	0	178	280
Total Current Liabilities	173	201	223	206	273	334	296	331	364	256	248
Total Liabilities	84	81	86	102	108	126	122	133	108	144	538
Fixed Assets	32	28	26	27	54	62	62	59	56	58	300
Other Non-Current Assets	7	8	6	13	15	11	8	9	12	15	18
Total Current Assets	45	46	54	62	40	53	51	64	39	71	220
Total Assets	84	81	86	102	108	126	122	133	108	144	538

Tuticorin Alkali Che 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	0	0	0	0	0	0	0	0	1	0	1
Cash Flow from Operating Activities	0	-3	16	40	31	9	9	3	6	9	14
Cash Flow from Investing Activities	-0	-0	1	-8	-30	-7	-1	-0	-3	-8	-10
Cash Flow from Financing Activities	0	3	-17	-32	-1	-2	-8	-2	-4	-1	-5
Net Cash Inflow / Outflow	-0	0	-0	-0	0	-0	-0	1	-1	1	-1
Closing Cash & Cash Equivalent	0	0	0	0	0	0	0	1	0	1	0

Tuticorin Alkali Che 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)	-14.31	-20.47	-11.57	22.73	-23.82	-30.24	-3.11	-1.94	-4.76	-2.79	8.3
CEPS(Rs)	-11.24	-17.78	-10.22	24.17	-22.15	-28.67	-2.83	-1.66	-4.5	-2.54	8.61
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	-87.65	-108.12	-119.76	-97.03	-134.24	-164.75	-14.31	-16.25	-21.01	-23.79	-15.53
Core EBITDA Margin(%)	-7.12	-63.08	-9.41	-9.47	-21.18	-29	-18.92	-13.71	-83.09	-19.87	16.28
EBIT Margin(%)	-8.1	-72.71	-6.06	22.77	-22.19	-29.99	-20.35	-13.95	-85.01	-18.15	15.98
Pre Tax Margin(%)	-12.57	-106.03	-11.92	19.76	-24.39	-32.34	-21.69	-15.08	-87.96	-19.47	15.35
PAT Margin (%)	-12.57	-106.03	-11.92	19.76	-24.39	-32.76	-21.69	-15.08	-87.96	-19.47	19.73
Cash Profit Margin (%)	-9.88	-92.08	-10.54	21	-22.69	-31.06	-19.7	-12.93	-83.06	-17.73	20.44
ROA(%)	-27.19	-36.69	-20.4	35.67	-33.45	-38.15	-30.61	-18.58	-48.23	-26.97	29.65
ROE(%)	0	0	0	0	0	0	0	0	0	0	0
ROCE(%)	0	0	0	0	0	0	0	0	0	0	0
Receivable days	18.43	91.42	20.41	29.25	28.36	34.36	45.9	69.39	139.22	23.26	65.16
Inventory Days	39.22	281.08	65.89	73.78	91.81	83.31	57.21	55.41	110.83	72.75	32.65
Payable days	170.01	1164.63	253.49	324.81	697.69	1200.12	961.28	1326.56	1900.11	785.82	221.32
PER(x)	0	0	0	0.22	0	0	0	0	0	0	6.09
Price/Book(x)	-0.05	-0.02	-0.03	-0.05	-0.09	-0.05	-0.32	-0.2	-0.5	-1.14	-3.26
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.74	4.66	0.86	0.3	1.02	1	0.36	0.29	2.04	1.93	1.21
EV/Core EBITDA(x)	-12.65	-7.23	-16.87	-3.16	-4.6	-3.45	-1.95	-2.46	-2.54	-11.74	7.24
Net Sales Growth(%)	-27.86	-83.29	407.99	18.26	-15.19	0.62	30.85	-10.39	-57.9	164.65	193.91
EBIT Growth(%)	-166.17	-52.16	58.09	545.42	-182.67	-27.81	13.17	38.58	-156.61	43.5	358.82
PAT Growth(%)	-65.53	-43.08	43.48	296.52	-204.75	-26.99	15.28	37.68	-145.5	41.43	397.81
EPS Growth(%)	-65.53	-43.08	43.48	296.52	-204.75	-26.99	89.71	37.68	-145.5	41.43	397.81
Debt/Equity(x)	-0.83	-0.7	-0.56	-0.14	-0.6	-0.5	-0.05	-0.04	-0.02	-0.02	-0.02
Current Ratio(x)	0.26	0.23	0.24	0.3	0.15	0.16	0.17	0.19	0.11	0.28	0.89
Quick Ratio(x)	0.14	0.12	0.11	0.11	0.02	0.07	0.09	0.13	0.06	0.08	0.72
Interest Cover(x)	-1.82	-2.18	-1.03	7.56	-10.05	-12.75	-15.17	-12.26	-28.8	-13.76	25.52
Total Debt/Mcap(x)	14.71	27.8	17.62	2.3	6.85	9.59	0.15	0.2	0.05	0.02	0.01

Tuticorin Alkali Che Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	75	75	75	75	75	75	75	75	75	75
FII	17.93	17.93	17.93	17.93	17.93	6.54	6.54	6.52	5.92	5.91
DII	0	0	0	0	0	0	0	0	0	0
Public	7.07	7.07	7.07	7.07	7.07	18.46	18.46	18.48	19.08	19.09
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	9.14	9.14	9.14	9.14	9.14	9.14	9.14	9.14	9.14	9.14
FII	2.18	2.18	2.18	2.18	2.18	0.8	0.8	0.79	0.72	0.72
DII	0	0	0	0	0	0	0	0	0	0
Public	0.86	0.86	0.86	0.86	0.86	2.25	2.25	2.25	2.32	2.33
Others	0	0	0	0	0	0	0	0	0	0
Total	12.18	12.18	12.18	12.18	12.18	12.18	12.18	12.18	12.18	12.18

Pros

Stock is trading at -8.9 times its book value
Debtor days have improved from 785.82 to 221.32days.
Company is almost debt free.

Cons

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