BSE: 533203 | NSE: TARAPUR | Electric Equipment | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tarapur Transformers Ltd is a below average quality company.
The key valuation ratios of Tarapur Transformers 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 Tarapur Transformers 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -3.2% | -1.1% | -2.5% | -13.3% | 1% | -15.1% | -55.6% | 15.8% | -83.4% | -4.4% | - |
| Value Creation Index ⓘ | -1.2 | -1.1 | -1.2 | -2.0 | -0.9 | -2.1 | -5.0 | 0.1 | NA | NA | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 37.3 | 22 | 28.1 | 12.2 | 12 | 12 | 1.6 | 2.5 | 3.5 | 0.2 | 0 |
| Sales YoY Gr. | - | -41% | 27.9% | -56.7% | -1.9% | 0% | -86.7% | 59.1% | 37.9% | -95.4% | - |
| Adj EPS ⓘ | -1.7 | -0.7 | -0.3 | -5.7 | -0.2 | -4.1 | -12.6 | 3 | -12.4 | -0.6 | 6.8 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | -510.6% | NA | - |
| BVPS (₹) ⓘ | 27.2 | 26.6 | 25.5 | 19.8 | 20.1 | 14.9 | 1.2 | 4.4 | -7.4 | -7.9 | -0.4 |
| Adj Net Profit ⓘ | -3.3 | -1.3 | -0.6 | -11.1 | -0.4 | -7.9 | -24.5 | 5.9 | -24.1 | -1.3 | 13 |
| Cash Flow from Ops. ⓘ | 5.4 | -3.7 | -4.8 | 0.5 | -2.1 | -5.1 | -0.7 | -1.3 | -13.4 | -0.1 | - |
| Debt/CF from Ops. ⓘ | 6.5 | -9.8 | -7.6 | 81.8 | -16.4 | -6.3 | -46.1 | -27.1 | -2.6 | -292.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -45.4% | -57.8% | -53.5% | -95.4% | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | -187.1% | -182.9% | -286.6% | NA | ||||
| Share Price | 14.7% | 50.7% | 97.1% | 551.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -6 | -2.6 | -1.1 | -25.1 | -1.1 | -23.2 | -156.2 | 108.3 | 806.4 | 8.4 | -164.9 |
| Op. Profit Mgn % ⓘ | -7.2 | -10.6 | -1.9 | -82.6 | -10 | -65.5 | -1468.7 | -231.2 | -803.7 | -369.2 | NAN |
| Net Profit Mgn % ⓘ | -8.7 | -6.1 | -2 | -90.8 | -3.5 | -66.2 | -1539.3 | 231.4 | -690.8 | -782.9 | INF |
| Debt to Equity ⓘ | 0.7 | 0.7 | 0.7 | 1 | 0.9 | 1.1 | 13.7 | 4.2 | -2.4 | -2.3 | - |
| Working Cap Days ⓘ | 597 | 1,127 | 950 | 1,887 | 1,599 | 1,589 | 10,055 | 6,220 | 3,448 | 36,279 | 0 |
| Cash Conv. Cycle ⓘ | 227 | 412 | 302 | 775 | 578 | 670 | 4,647 | 2,985 | 1,333 | 230 | 0 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years -53.49%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at -72.63%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6.8 | - |
| TTM Sales (₹ Cr.) | 0 | - |
| BVPS (₹.) ⓘ | -0.4 | - |
| Reserves (₹ Cr.) ⓘ | -20 | - |
| P/BV ⓘ | -76.78 | - |
| PE ⓘ | 4.49 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 4.61 / 32.52 |
| All Time Low / High (₹) | 2.85 / 97.50 |
| Market Cap (₹ Cr.) | 59.7 |
| Equity (₹ Cr.) | 19.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 89.8 |
| Pledged * | 96.71 | 96.71 | 96.87 | 96.71 | 96.71 | 96.71 | 0.00 | 96.71 | 96.71 | 96.71 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 37.31 | 22 | 28.14 | 12.18 | 11.95 | 11.95 | 1.59 | 2.53 | 3.49 | 0.16 |
| Operating Expenses ⓘ | 40.08 | 24.42 | 31.09 | 22.38 | 13.26 | 23.21 | 28.46 | 8.66 | 36.17 | 0.75 |
| Manufacturing Costs | 1.31 | 0.70 | 0.50 | 0.47 | 0.45 | 0.31 | 0.39 | 0.41 | 0.22 | 0.23 |
| Material Costs | 34.78 | 21.87 | 27.12 | 12.67 | 12.39 | 11.90 | 1.40 | 1.49 | 2.46 | 0.21 |
| Employee Cost | 1.24 | 0.69 | 0.30 | 0.13 | 0.04 | 0.11 | 0.19 | 0.42 | 0.28 | 0.05 |
| Other Costs ⓘ | 2.74 | 1.16 | 3.18 | 9.11 | 0.39 | 10.89 | 26.47 | 6.35 | 33.20 | 0.26 |
| Operating Profit ⓘ | -2.77 | -2.42 | -2.95 | -10.19 | -1.31 | -11.26 | -26.87 | -6.13 | -32.68 | -0.59 |
| Operating Profit Margin (%) | -7.4% | -11.0% | -10.5% | -83.7% | -10.9% | -94.2% | -1,689.6% | -241.0% | -937.0% | -369.0% |
| Other Income ⓘ | 1.89 | 3.37 | 2.58 | 2.60 | 3.86 | 2.65 | 1.42 | 13.46 | 6.54 | 0.54 |
| Interest ⓘ | 0.40 | 0.04 | 0.06 | 0.26 | 0.04 | 0.02 | 0.01 | 0.06 | 0.27 | 0.36 |
| Depreciation ⓘ | 2.02 | 1.96 | 1.84 | 3.16 | 1.78 | 1.62 | 1.18 | 1.13 | 0.90 | 0.84 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -3.30 | -1.05 | -2.26 | -11 | 0.73 | -10.25 | -26.64 | 6.13 | -27.32 | -1.25 |
| Tax ⓘ | 0 | 0 | 0 | 0.15 | 0 | 0 | 0 | 0 | 0.01 | 0 |
| Profit After Tax | -3.30 | -1.05 | -2.26 | -11.15 | 0.73 | -10.25 | -26.64 | 6.13 | -27.33 | -1.25 |
| PAT Margin (%) | -8.8% | -4.8% | -8.0% | -91.5% | 6.1% | -85.8% | -1,675.3% | 241.8% | -783.0% | -781.0% |
| Adjusted EPS (₹) | -1.7 | -0.5 | -1.2 | -5.7 | 0.4 | -5.3 | -13.7 | 3.1 | -14.0 | -0.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 52.98 | 51.93 | 49.66 | 38.51 | 39.25 | 28.99 | 2.35 | 8.48 | -14.46 | -15.32 |
| Share Capital ⓘ | 19.50 | 19.50 | 19.50 | 19.50 | 19.50 | 19.50 | 19.50 | 19.50 | 19.50 | 19.50 |
| Reserves ⓘ | 33.48 | 32.43 | 30.16 | 19.01 | 19.75 | 9.49 | -17.15 | -11.02 | -33.96 | -34.82 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 34.21 | 34.94 | 35.25 | 35.42 | 33.18 | 32.21 | 32.16 | 35.56 | 35.24 | 35.25 |
| Long Term Debt | 0.57 | 0.57 | 0.57 | 0.57 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 33.65 | 34.38 | 34.68 | 34.85 | 33.18 | 32.21 | 32.16 | 35.56 | 35.24 | 35.25 |
| Trade Payables | 12.08 | 19.91 | 19.75 | 4.92 | 3.70 | 1.46 | 2.06 | 1.24 | 0.05 | 0.05 |
| Others Liabilities ⓘ | 3.52 | 3.46 | 3.56 | 3.50 | 3.91 | 8.93 | 15.44 | 14.20 | 1.69 | 1.83 |
| Total Liabilities ⓘ | 102.79 | 110.24 | 108.22 | 82.35 | 80.03 | 71.59 | 52.01 | 59.48 | 22.52 | 21.81 |
Fixed Assets | ||||||||||
| Gross Block | 39.16 | 37.82 | 37.88 | 37.43 | 32.76 | 23.98 | 23.45 | 22.92 | 22.85 | 22.85 |
| Accumulated Depreciation | 7.04 | 8.65 | 10.47 | 13.39 | 11.94 | 10.13 | 11.03 | 11.72 | 12.59 | 13.43 |
| Net Fixed Assetsⓘ | 32.12 | 29.17 | 27.40 | 24.04 | 20.82 | 13.85 | 12.42 | 11.20 | 10.26 | 9.42 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 4.34 | 4.82 | 3.70 | 4.34 | 4.24 | 4.64 | 1.16 | 0.89 | 0.13 | 0.56 |
| Inventories | 4.58 | 6.19 | 3.51 | 3.50 | 0 | 0 | 0.85 | 0.28 | 0.21 | 0 |
| Trade Receivables | 28.48 | 35.99 | 42.84 | 19.37 | 23.49 | 24.82 | 16.50 | 26.14 | 0 | 0 |
| Cash Equivalents | 1.52 | 2.11 | 2.99 | 2.13 | 2.07 | 1.96 | 1.96 | 2.03 | 0.69 | 0.58 |
| Others Assetsⓘ | 31.75 | 31.97 | 27.78 | 28.98 | 29.42 | 26.32 | 19.12 | 18.93 | 11.23 | 11.25 |
| Total Assets ⓘ | 102.79 | 110.24 | 108.22 | 82.35 | 80.03 | 71.59 | 52.01 | 59.48 | 22.52 | 21.81 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 5.43 | -3.70 | -4.77 | 0.45 | -2.12 | -5.12 | -0.70 | -1.31 | -13.36 | -0.12 |
| PBT ⓘ | -3.30 | -1.05 | -2.26 | -11 | 0.73 | -10.25 | -26.64 | 6.13 | -27.32 | -1.25 |
| Adjustment ⓘ | 2.20 | -0.73 | 1.77 | 9.01 | -1.40 | 2.83 | 25.92 | 2.54 | 27.79 | 0.82 |
| Changes in Working Capital ⓘ | 6.53 | -1.92 | -4.28 | 2.59 | -1.45 | 2.3 | 0.02 | -9.98 | -13.84 | 0.31 |
| Tax Paid ⓘ | 0 | 0 | 0 | -0.15 | 0 | 0 | 0 | 0 | 0.01 | 0 |
| Cash Flow From Investing Activity ⓘ | -1.78 | 3.57 | 5.38 | -1.25 | 4.32 | 5.99 | 0.74 | -1.96 | 12.59 | 0.36 |
| Capex | 0 | 1.41 | -0.08 | 0.19 | 3.21 | 1.92 | 0.65 | 0.74 | 0.05 | 0 |
| Net Investments | 0.10 | -0.48 | -1.30 | -0.75 | 0 | -0.35 | 0 | 0 | -1.05 | 0 |
| Others ⓘ | -1.88 | 2.65 | 6.76 | -0.68 | 1.11 | 4.42 | 0.08 | -2.70 | 13.59 | 0.36 |
| Cash Flow From Financing Activityⓘ | -2.37 | 0.72 | 0.27 | -0.06 | -2.26 | -0.97 | -0.05 | 3.34 | -0.57 | -0.34 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -0.78 | 0 | 0 | 0 | -0.57 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -0.04 | -0.01 | -0.04 | -0.24 | -0.01 | 0 | 0 | -0.05 | -0.25 | -0.36 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -1.54 | 0.73 | 0.30 | 0.17 | -1.67 | -0.97 | -0.05 | 3.39 | -0.32 | 0.01 |
| Net Cash Flow ⓘ | 1.28 | 0.60 | 0.87 | -0.86 | -0.06 | -0.10 | -0.01 | 0.07 | -1.34 | -0.11 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -6.07 | -2 | -4.46 | -25.3 | 1.89 | -30.05 | -169.99 | 113.16 | N/A | N/A |
| ROCE (%) | -3.21 | -1.14 | -2.53 | -13.34 | 1.04 | -15.13 | -55.64 | 15.77 | N/A | N/A |
| Asset Turnover Ratio | 0.38 | 0.21 | 0.26 | 0.13 | 0.15 | 0.16 | 0.03 | 0.05 | 0.09 | 0.01 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | -2.9 | N/A | N/A | -0.21 | N/A | N/A | Working Capital Days |
| Receivable Days | 280 | 523 | 505 | 932 | 654 | 738 | 4,743 | 3,071 | 0 | 0 |
| Inventory Days | 40 | 87 | 62 | 105 | 0 | 0 | 194 | 81 | 26 | 0 |
| Payable Days | 111 | 267 | 267 | 355 | 127 | 79 | 458 | 406 | 96 | 82 |
Tarapur Transformers incorporated as Tarapur Transformers Private Limited and a Certificate of Incorporation on May 9, 1988 issued by the Registrar of Companies (ROC), Maharashtra, Mumbai. The company is converted into a public limited company, subsequently the company's name was changed to Tarapur Transformers Limited vide special resolution passed by members of the company in their extra ordinary general meeting (EGM) held on March 10, 2007 and a fresh certificate to this effect was obtained from the ROC, Maharashtra, Mumbai on March 27, 2007.
The company initially was promoted by Praful M Dharia, Rajesh Kumar Shah and Praful M Shah. In year 2006-2007 Bilpower and its promoters have acquired the entire voting rights in the company followed by change in control and thus Bilpower became the promoter of the company.
The company is one of the key players in Indian markets manufacturing and repairing of power and distribution transformers, focusing on quality, timely delivery and customization based on its engineering capabilities without any third-party collaboration or technical assistance.
The company manufactures transformers up to 220 KV class, having an installed capacity of manufacturing of 1839.40 MVA and repairing of 1800 MVA per annum.
The company currently operates through three manufacturing units located at MIDC, Boisar, Tarapur Industrial Area village Pali, At & PO - Posheri Taluka - Wada and L/25/5, GIDC Industrial Estate, Por- Ramnagamdi, Vadodara. Its Boisar unit mostly undertakes the repairing and refurbishment, rehabilitation and upgradation of transformers with the installed capacity of 600 MVA for manufacturing and 1200 MVA for repairing of transformers per annum.
The company’s Pali unit is equipped with modern state-of-art infrastructure facilities and technology, which can undertake the manufacturing of 1200 MVA for manufacturing and 600 MVA for repairing of transformers per annum. The Vadodara unit is engaged in manufacturing of current transformers potential transformer normally called as CTPT and distribution transformers ranging from 10 KV/11KV to 100KV/11KV with installed capacity of 39.40 MVA per annum.
The registered office of the company is situated at J-20, MIDC, Tarapur Industrial Area, Boisar, 401506, Dist. - Thane
Business area of the company
The company is currently engaged in the areas of manufacturing, rehabilitation, up-gradation, and refurbishment of transformers ranging from power and distribution transformer, rectifier transformer, furnace duty transformer, electric locomotive transformer, electric traction substation transformer, dry type transformer, potential transformer, special purpose transformers.
Group companies
Milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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