BSE: 0 | NSE: TCL | Castings/Forgings |
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Thaai Casting Ltd is a below average quality company.
The key valuation ratios of Thaai Casting Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Thaai Casting Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'24 | TTM | ||
|---|---|---|---|
| ROCE % ⓘ | 14.7% | - | |
| Value Creation Index ⓘ | 0.1 | - | |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||
| Sales ⓘ | 71 | 71 | |
| Sales YoY Gr. | - | - | |
| Adj EPS ⓘ | 4.6 | 4.6 | |
| YoY Gr. | - | - | |
| BVPS (₹) ⓘ | 31.2 | 31.2 | |
| Adj Net Profit ⓘ | 10.7 | 11 | |
| Cash Flow from Ops. ⓘ | -26.1 | - | |
| Debt/CF from Ops. ⓘ | -1.8 | - | |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | NA | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | NA | NA | NA | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'24 | TTM | |
|---|---|---|
| Return on Equity % ⓘ | 14.9 | 14.8 |
| Op. Profit Mgn % ⓘ | 27.8 | NAN |
| Net Profit Mgn % ⓘ | 15.1 | 15 |
| Debt to Equity ⓘ | 0.6 | - |
| Working Cap Days ⓘ | 0 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 0 |
No data to display
Return on Equity has declined versus last 3 years average to 14.80%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.6 | 4.6 |
| TTM Sales (₹ Cr.) | 71 | 71 |
| BVPS (₹.) ⓘ | 31.2 | 10 |
| Reserves (₹ Cr.) ⓘ | 49 | - |
| P/BV ⓘ | 4.26 | 13.30 |
| PE ⓘ | 28.87 | 28.87 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 308 |
| Equity (₹ Cr.) | 23.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 31.2 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'24 |
|---|---|
| Sales | 71 |
| Operating Expenses ⓘ | 51 |
| Manufacturing Costs | 6 |
| Material Costs | 37 |
| Employee Cost | 4 |
| Other Costs ⓘ | 3 |
| Operating Profit ⓘ | 20 |
| Operating Profit Margin (%) | 27.6% |
| Other Income ⓘ | 0 |
| Interest ⓘ | 3 |
| Depreciation ⓘ | 2 |
| Exceptional Items ⓘ | 0 |
| Profit Before Tax ⓘ | 14 |
| Tax ⓘ | 4 |
| Profit After Tax | 11 |
| PAT Margin (%) | 15.0% |
| Adjusted EPS (₹) | 4.6 |
| Dividend Payout Ratio (%) | 0% |
| PARTICULARS | Mar'24 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 72 | |||||||||
| Share Capital ⓘ | 23 | |||||||||
| Reserves ⓘ | 49 | |||||||||
| Minority Interest | 0 | |||||||||
| Debt | 40 | |||||||||
| Long Term Debt | 21 | |||||||||
| Short Term Debt | 20 | |||||||||
| Trade Payables | 12 | |||||||||
| Others Liabilities ⓘ | 12 | |||||||||
| Total Liabilities ⓘ | 137 | |||||||||
Fixed Assets | ||||||||||
| Gross Block | 64 | |||||||||
| Accumulated Depreciation | 2 | |||||||||
| Net Fixed Assetsⓘ | 61 | |||||||||
| CWIP ⓘ | 3 | |||||||||
| Investmentsⓘ | 1 | |||||||||
| Inventories | 28 | |||||||||
| Trade Receivables | 12 | |||||||||
| Cash Equivalents | 11 | |||||||||
| Others Assetsⓘ | 21 | |||||||||
| Total Assets ⓘ | 137 | |||||||||
| PARTICULARS | Mar'24 |
|---|---|
| Cash Flow From Operating Activity ⓘ | -26 |
| PBT ⓘ | 14 |
| Adjustment ⓘ | 5 |
| Changes in Working Capital ⓘ | -44 |
| Tax Paid ⓘ | -2 |
| Cash Flow From Investing Activity ⓘ | -67 |
| Capex | -67 |
| Net Investments | -1 |
| Others ⓘ | 0 |
| Cash Flow From Financing Activityⓘ | 104 |
| Net Proceeds from Shares ⓘ | 0 |
| Net Proceeds from Borrowing ⓘ | 21 |
| Interest Paid ⓘ | -3 |
| Dividend Paid ⓘ | 0 |
| Others ⓘ | 86 |
| Net Cash Flow ⓘ | 11 |
| PARTICULARS | Mar'24 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 14.76 | |||||||||
| ROCE (%) | 14.71 | |||||||||
| Asset Turnover Ratio | 0.52 | |||||||||
| PAT to CFO Conversion(x) | -2.36 | Working Capital Days | ||||||||
| Receivable Days | 61 | |||||||||
| Inventory Days | 142 | |||||||||
| Payable Days | 113 | |||||||||
Thaai Casting Limited was originally formed as a Partnership Firm under the Partnership Act, 1932 having Firm Registration Number FR/Chennai South/1102/2010 in the name and style of ‘Thaai Casting’ pursuant to Deed of Partnership dated June 02, 2010. Subsequently its firm was converted from Partnership firm into a public limited company as per the provision of Part I Chapter XXI of the Companies Act, 2013 with the name and style of ‘Thaai Casting Limited’ and received a Certificate of Incorporation from the Registrar of Companies, Tamil-Nadu and Andaman situated at Chennai dated June 12, 2023.
The company is a distinguished automotive ancillary company with IATF 16949:2016 certification, specializing in High-Pressure Die Casting, as well as the precision Machining of both Ferrous and Non-Ferrous materials and Induction heating and quenching. Founded by Sriramulu Anandan, a seasoned professional with extensive expertise in Pressure Die Casting and Machining Processes, its business model is firmly rooted in a B2B approach, catering to leading entities in the automotive components sector. The company’s product portfolio encompasses a diverse range of Automobile components, including Engine Mounting Support Brackets, Transmission Mounts, Fork Shift and Housing, Armature - Steering Wheel, Electrical Connectors, YFG Base Frame (Right-hand drive side/Left-hand drive side), Housing, Top Cover, and more.
In recognition of its commitment to environmental sustainability, it proudly received the MSIL-GREEN Certification from Maruti Suzuki India in 2021. This acknowledgment underscores its dedication to adopting and promoting eco-friendly practices within its operations. In 2022, the company was honoured with prestigious awards from industry leaders such as Hanon and RSB, recognizing its excellence in terms of Best Quality and being a standout Vendor. As it continues to evolve and uphold the highest standards in its manufacturing processes, it remains steadfast in delivering top-notch products and services to its valued clientele in the automotive sector.
Business area of the company
The company is a distinguished automotive ancillary company with IATF 16949:2016 certification, specializing in High-Pressure Die Casting, as well as the precision Machining of both Ferrous and Non-Ferrous materials and Induction heating and quenching.
Products of the company
Awards and accreditations
History and milestones
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