Tarapur Transformers Ltd - Stock Valuation and Financial Performance

BSE: 533203 | NSE: TARAPUR | Electric Equipment | Small Cap

Tarapur Transformers Share Price

27.36 0.00 0.00%
as on 31-Oct'24 16:01

DeciZen - make an informed investing decision on Tarapur Transformers

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Tarapur Transformers stock performance -

mw4me loader
P/E Ratio (SA):
3.93
Market Cap:
53.4 Cr.
52-wk low:
4.6
52-wk high:
30.2

Is Tarapur Transformers Ltd an attractive stock to invest in?

1. Is Tarapur Transformers Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tarapur Transformers Ltd is a below average quality company.

2. Is Tarapur Transformers Ltd undervalued or overvalued?

The key valuation ratios of Tarapur Transformers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Tarapur Transformers Ltd a good buy now?

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.

10 Year X-Ray of Tarapur Transformers:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tarapur Transformers Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -8.3%-3.2%-1.1%-2.5%-13.3%1%-15.1%-55.6%15.8%-69.9%-
Value Creation
Index
-1.6-1.2-1.1-1.2-2.0-0.9-2.1-5.00.1NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 42.637.32228.112.212121.62.53.50
Sales YoY Gr.--12.3%-41%27.9%-56.7%-1.9%0%-86.7%59.1%37.9%-
Adj EPS -6.2-1.7-0.7-0.3-5.7-0.2-4.1-12.63-11.77
YoY Gr.-NANANANANANANANA-488%-
BVPS (₹) 28.627.226.625.519.820.114.91.24.4-7.4-0.6
Adj Net
Profit
-12.1-3.3-1.3-0.6-11.1-0.4-7.9-24.55.9-22.814
Cash Flow from Ops. -26.15.4-3.7-4.80.5-2.1-5.1-0.7-1.3-13.4-
Debt/CF from Ops. -1.46.5-9.8-7.681.8-16.4-6.3-46.1-27.1-2.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -24.3%-22.1%-33.7%37.9%
Adj EPS NANANA-488%
BVPS-186.1%-182.2%-179.3%-270.3%
Share Price 13% 41.9% 95.7% 482.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-19.4-6-2.6-1.1-25.1-1.1-23.2-156.2108.3762.3-173.8
Op. Profit
Mgn %
-20.4-7.2-10.6-1.9-82.6-10-65.5-1468.7-231.2-803.7-129.4
Net Profit
Mgn %
-28.5-8.7-6.1-2-90.8-3.5-66.2-1539.3231.4-6538482.5
Debt to
Equity
0.70.70.70.710.91.113.74.2-2.4-
Working Cap
Days
5575971,1279501,8871,5991,58910,0556,2203,4482,265
Cash Conv.
Cycle
1802274123027755786704,6472,9851,333-2,949

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years -33.65%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -72.63%

Latest Financials - Tarapur Transformers Ltd.

Standalone Consolidated
TTM EPS (₹) 7 -
TTM Sales (₹ Cr.) 0.2 -
BVPS (₹.) -0.6 -
Reserves (₹ Cr.) -21 -
P/BV -45.88 -
PE 3.93 -
From the Market
52 Week Low / High (₹) 4.59 / 30.24
All Time Low / High (₹) 2.85 / 97.50
Market Cap (₹ Cr.) 53.4
Equity (₹ Cr.) 19.5
Face Value (₹) 10
Industry PE 96.6

Management X-Ray of Tarapur Transformers:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *96.7196.7196.8796.7196.7196.710.0096.7196.7196.71
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Tarapur Transformers

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales42.5637.312228.1412.1811.9511.951.592.533.49
Operating Expenses 51.2440.0824.4231.0922.3813.2623.2128.468.6636.17
Manufacturing Costs1.971.310.700.500.470.450.310.390.410.22
Material Costs42.8734.7821.8727.1212.6712.3911.901.401.492.46
Employee Cost 1.811.240.690.300.130.040.110.190.420.28
Other Costs 4.582.741.163.189.110.3910.8926.476.3533.20
Operating Profit -8.68-2.77-2.42-2.95-10.19-1.31-11.26-26.87-6.13-32.68
Operating Profit Margin (%) -20.4%-7.4%-11.0%-10.5%-83.7%-10.9%-94.2%-1,689.6%-241.0%-937.0%
Other Income 2.031.893.372.582.603.862.651.4213.4610.93
Interest 4.550.400.040.060.260.040.020.010.060.27
Depreciation 0.922.021.961.843.161.781.621.181.130.90
Exceptional Items 0000000000
Profit Before Tax -12.12-3.30-1.05-2.26-110.73-10.25-26.646.13-22.92
Tax 00000.1500000.01
Profit After Tax -12.12-3.30-1.05-2.26-11.150.73-10.25-26.646.13-22.94
PAT Margin (%) -28.5%-8.8%-4.8%-8.0%-91.5%6.1%-85.8%-1,675.3%241.8%-657.0%
Adjusted EPS (₹)-6.2-1.7-0.5-1.2-5.70.4-5.3-13.73.1-11.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 56.3152.9851.9349.6638.5139.2528.992.358.48-14.46
Share Capital 19.5019.5019.5019.5019.5019.5019.5019.5019.5019.50
Reserves 36.8133.4832.4330.1619.0119.759.49-17.15-11.02-33.96
Minority Interest0000000000
Debt36.3034.2134.9435.2535.4233.1832.2132.1635.5635.24
Long Term Debt1.110.570.570.570.5700000
Short Term Debt35.1933.6534.3834.6834.8533.1832.2132.1635.5635.24
Trade Payables9.0712.0819.9119.754.923.701.462.061.240.05
Others Liabilities 1.913.523.463.563.503.918.9315.4414.201.69
Total Liabilities 103.58102.79110.24108.2282.3580.0371.5952.0159.4822.52

Fixed Assets

Gross Block39.3039.1637.8237.8837.4332.7623.9823.4522.9222.85
Accumulated Depreciation5.057.048.6510.4713.3911.9410.1311.0311.7212.59
Net Fixed Assets34.2532.1229.1727.4024.0420.8213.8512.4211.2010.26
CWIP 0000000000
Investments 4.444.344.823.704.344.244.641.160.890.13
Inventories44.586.193.513.50000.850.280.21
Trade Receivables32.0528.4835.9942.8419.3723.4924.8216.5026.140
Cash Equivalents 0.231.522.112.992.132.071.961.962.030.69
Others Assets28.6131.7531.9727.7828.9829.4226.3219.1218.9311.23
Total Assets 103.58102.79110.24108.2282.3580.0371.5952.0159.4822.52

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -26.125.43-3.70-4.770.45-2.12-5.12-0.70-1.31-13.36
PBT -12.12-3.30-1.05-2.26-110.73-10.25-26.646.13-22.92
Adjustment 5.902.20-0.731.779.01-1.402.8325.922.5423.40
Changes in Working Capital -19.896.53-1.92-4.282.59-1.452.30.02-9.98-13.84
Tax Paid 0000-0.1500000.01
Cash Flow From Investing Activity 8.50-1.783.575.38-1.254.325.990.74-1.9612.59
Capex 0.3901.41-0.080.193.211.920.650.740.05
Net Investments -3.730.10-0.48-1.30-0.750-0.3500-1.05
Others 11.84-1.882.656.76-0.681.114.420.08-2.7013.59
Cash Flow From Financing Activity 15.86-2.370.720.27-0.06-2.26-0.97-0.053.34-0.57
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.57-0.78000-0.570000
Interest Paid -3.79-0.04-0.01-0.04-0.24-0.0100-0.05-0.25
Dividend Paid 0000000000
Others 20.22-1.540.730.300.17-1.67-0.97-0.053.39-0.32
Net Cash Flow -1.761.280.600.87-0.86-0.06-0.10-0.010.07-1.34
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-19.71-6.07-2-4.46-25.31.89-30.05-169.99113.16N/A
ROCE (%)-8.29-3.21-1.14-2.53-13.341.04-15.13-55.6415.77N/A
Asset Turnover Ratio0.410.380.210.260.130.150.160.030.050.09
PAT to CFO Conversion(x)N/AN/AN/AN/AN/A-2.9N/AN/A-0.21N/A
Working Capital Days
Receivable Days2142805235059326547384,7433,0710
Inventory Days69408762105001948126
Payable Days1131112672673551277945840696

Tarapur Transformers Ltd Stock News

Tarapur Transformers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tarapur Transformers on 31-Oct-2024 16:01 is ₹27.36.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Oct-2024 16:01 the market cap of Tarapur Transformers stood at ₹53.35.
The latest P/E ratio of Tarapur Transformers as of 31-Oct-2024 16:01 is 3.93.
The latest P/B ratio of Tarapur Transformers as of 31-Oct-2024 16:01 is -45.88.
The 52-week high of Tarapur Transformers is ₹30.24 and the 52-week low is ₹4.59.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tarapur Transformers is ₹0.16 ( Cr.) .

About Tarapur Transformers Ltd

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

  • Nik-San Engineering Company
  • Eletrofer Steel (India)
  • Choudhary Global

Milestones

  • 1988: Incorporated as Tarapur Transformers Private Limited
  • 1990: Commencement of commercial production at the company’s Boisar Unit
  • 1994: Acquisition of freehold land at Pali
  • 2006: Change in control and Bilpower became the promoter of the company
  • 2007: Conversion to public limited company
  • 2007: Acquisition of Varsha Engineers (proprietorship concern) at Vadodara
  • 2007: ISO 9001:2000 Certificate awarded for Boisar Unit.
  • 2008: Commencement of commercial production at our Pali Unit
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