Indian Toners & Developers Ltd - Stock Valuation and Financial Performance

BSE: 523586 | NSE: | Chemicals | Small Cap

Indian Toners & Dev Share Price

289.55 1.60 0.56%
as on 18-Nov'24 16:59

DeciZen - make an informed investing decision on Indian Toners & Dev

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Indian Toners & Developers stock performance -

mw4me loader
P/E Ratio (SA):
12.76
Market Cap:
300.9 Cr.
52-wk low:
255
52-wk high:
418

Is Indian Toners & Developers Ltd an attractive stock to invest in?

1. Is Indian Toners & Developers Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indian Toners & Developers Ltd is a good quality company.

2. Is Indian Toners & Developers Ltd undervalued or overvalued?

The key valuation ratios of Indian Toners & Developers Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Indian Toners & Developers Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indian Toners & Developers 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 Indian Toners & Dev:

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.
Indian Toners & Developers Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 12.6%13.3%31.6%20.8%15.8%8.7%11.1%14.6%19.6%17.4%-
Value Creation
Index
-0.1-0.11.30.50.1-0.4-0.20.00.40.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 34.3351151121159188.3119155157153
Sales YoY Gr.-2.3%227.8%-2.5%3.1%-21.2%-3%34.8%30.4%1%-
Adj EPS 47.329.518.516.19.612.618.824.22422.7
YoY Gr.-82.7%305.5%-37.4%-12.9%-40.6%32.2%49.1%28.5%-0.8%-
BVPS (₹) 66.473.7166.3120.9132.6140.1148.3152.7173.5193.2186
Adj Net
Profit
3.25.923.824.321.212.613.720.426.22624
Cash Flow from Ops. 2.95.617.719.213.913.519.514.120.924-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 18.4%6.3%21.1%1%
Adj EPS 22.1%8.3%23.9%-0.8%
BVPS12.6%7.8%9.2%11.3%
Share Price 10.6% 25.1% 17.2% -14.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
6.210.423.315.812.36.97.912.514.813.112
Op. Profit
Mgn %
15.517.524.524.621.414.617.921.822.421.521.3
Net Profit
Mgn %
9.416.720.721.718.313.815.517.216.916.615.4
Debt to
Equity
00000000000
Working Cap
Days
14714281135145173157141140149155
Cash Conv.
Cycle
69622129386456465776138

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 21.10%

Net Profit is growing at healthy rate in last 3 years 23.86%

Return on Equity has declined versus last 3 years average to 12.00%

Sales growth is not so good in last 4 quarters at -4.27%

Latest Financials - Indian Toners & Developers Ltd.

Standalone Consolidated
TTM EPS (₹) 22.7 26.1
TTM Sales (₹ Cr.) 153 146
BVPS (₹.) 186 0
Reserves (₹ Cr.) 183 174
P/BV 1.56 0.00
PE 12.76 11.10
From the Market
52 Week Low / High (₹) 255.00 / 417.95
All Time Low / High (₹) 0.05 / 417.95
Market Cap (₹ Cr.) 301
Equity (₹ Cr.) 10.4
Face Value (₹) 10
Industry PE 55.9

Management X-Ray of Indian Toners & Dev:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Indian Toners & Dev

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales34351151121159188119155157
Operating Expenses 2929878592787395120123
Manufacturing Costs551516171513182425
Material Costs15155147514139527171
Employee Cost 561213141414161718
Other Costs 4399986988
Operating Profit 562827241316243534
Operating Profit Margin (%) 15.5%17.4%24.3%24.5%20.7%14.1%17.6%19.8%22.4%21.5%
Other Income 1377678446
Interest 0011110010
Depreciation 1134444445
Exceptional Items 2000000000
Profit Before Tax 673030251519233434
Tax 2176525588
Profit After Tax 562424201214192626
PAT Margin (%) 13.6%16.8%20.6%21.6%17.7%13.4%15.4%15.9%17.0%16.7%
Adjusted EPS (₹)5.87.329.318.415.59.312.517.524.324.1
Dividend Payout Ratio (%)0%0%0%16%19%32%24%17%14%19%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 5359139164180184161166188210
Share Capital 88813131311111111
Reserves 4551131151167171150155177199
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables3412161612111365
Others Liabilities 551813111014182223
Total Liabilities 6268169194207207186196217238

Fixed Assets

Gross Block3838839497104104105127140
Accumulated Depreciation26273842465054575863
Net Fixed Assets11114552525450496977
CWIP 0081100120
Investments 323971879110176656470
Inventories571113181712181917
Trade Receivables631517181416172226
Cash Equivalents 5558151222251723
Others Assets34141512910222525
Total Assets 6268169194207207186196217238

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 361819141319142124
PBT 673030251519233434
Adjustment -1-1-3-1-3-31310
Changes in Working Capital -11-4-2-443-8-9-3
Tax Paid -2-1-5-7-5-3-3-5-5-7
Cash Flow From Investing Activity -3-6-16-16-2-9284-23-12
Capex 00-10-4-5-100-9-24-12
Net Investments -3-7-7-142027113-1
Others 02121212-11
Cash Flow From Financing Activity 00-2-4-5-8-38-15-5-6
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 000-1-1-10000
Dividend Paid 00-1-3-5-70-15-4-5
Others 00000-1-38-10-1
Net Cash Flow 000-16-393-67
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)9.0910.4424.4316.5312.246.797.8511.614.8713.14
ROCE (%)12.6313.3331.6120.7615.798.6711.1214.6219.5817.36
Asset Turnover Ratio0.570.541.010.630.590.450.460.640.770.71
PAT to CFO Conversion(x)0.610.750.790.71.081.360.740.810.92
Working Capital Days
Receivable Days63462751556360494454
Inventory Days52622839486857444239
Payable Days878957110116126109844930

Indian Toners & Developers Ltd Stock News

Indian Toners & Developers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indian Toners & Dev on 18-Nov-2024 16:59 is ₹289.6.
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 18-Nov-2024 16:59 the market cap of Indian Toners & Dev stood at ₹300.9.
The latest P/E ratio of Indian Toners & Dev as of 18-Nov-2024 16:59 is 12.76.
The latest P/B ratio of Indian Toners & Dev as of 18-Nov-2024 16:59 is 1.56.
The 52-week high of Indian Toners & Dev is ₹417.9 and the 52-week low is ₹255.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indian Toners & Dev is ₹152.9 ( Cr.) .

About Indian Toners & Developers Ltd

Indian Toners and Developers (ITD) was incorporated in 1990 as a public limited company with more than 18000 shareholders, an entrepreneurial venture, founded by its Chairman & Managing Director, Sushil Jain. Employing a highly automated and integrated Swiss/German plant, ITDL had a capacity to produce 650 mt of toners per annum. ITD is a leading manufacturer of compatible black toners for photocopiers, laser printers, digital machines and multi function printers.

ITDL has now enhanced its capacity to produce 2400 mt of  toners per annum with its new manufacturing facility (ITDL Imagetec Limited) located at Sitarganj in the state of Uttrakhand.

Having established itself as a pioneer in the domestic market, ITD exports toners and developers of best quality standards for use in various international brands and models of photocopiers, laser printers and digital machines to more than 32 countries ITDL is an entrepreneurial venture, which was founded by its Chairman & Managing Director,  Sushil Jain, a technocrat with an innovative vision. Quality consciousness, dedication to technological progress and determination for satisfaction of its customers, shareholders and employees underline the values set forth by its founder.

Research and Development has been the cornerstone of ITDL's success. Backed by a pilot plant and know-how assistance from Japan, ITDL is well equipped to develop a wide range of toner products to meet the emerging needs of the market. Raw materials are sourced from world-renowned manufacturers in Japan, Germany and The United States of America.

Being the first company of its kind, ITDL thus came onto the Indian business scenario as a pioneer in this highly technical field and since then has established itself firmly as the leader in the domestic market with the single largest market share. ITDL has the most widespread network of dealers numbering 500, which is constantly growing, present in every nook and corner of the country. With its head office based in New Delhi, the regional offices of the company are located in the 4 metropolitan cities of India – Delhi, Mumbai, Chennai and Kolkata. ITDL has a strong work force of employees in excess of 250.

Every department of ITDL consists of a team of highly experienced and dedicated professionals in order to maintain a privileged relationship with the large and ever growing family of valued and satisfied customers.

Product range of the company includes:

Indian Toners and Developers Limited, is the leading manufacturer of compatible black toner for photocopiers, laser printers, digital machines and multi function printers. It is sold under the brand name of Supremo in the domestic market. It has established itself firmly as the leader in the domestic market with the single largest market share.

Black toner for

  • Photocopiers
  • Laser Printers
  • Digital Machines and
  • Multi Function Printers

Developers

Bulk Toner and Toner Cartridge Packaging

The company has recently introduced consumables for laser printer cartridges - OPC Drums, Doctor Blades and Wiper Blades.

Achievements/ recognition:

  • An ISO 9001:2000 certified company
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