Past 10 year's financial track record analysis by Moneyworks4me indicates that Tanfac Industries Ltd is a good quality company.
The key valuation ratios of Tanfac Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tanfac Industries 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 % ⓘ | 4.3% | 12.4% | 17.8% | 29% | 78.5% | 37.2% | 35.2% | 68.2% | 48.9% | 34.7% | - |
| Value Creation Index ⓘ | NA | -0.1 | 0.3 | 1.1 | 4.6 | 1.7 | 1.5 | 3.9 | 2.5 | 1.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 120 | 133 | 126 | 162 | 222 | 165 | 148 | 320 | 375 | 378 | 397 |
| Sales YoY Gr. | - | 11.2% | -5.2% | 28.1% | 37% | -25.7% | -10.3% | 116.5% | 17.1% | 0.9% | - |
| Adj EPS ⓘ | -5.8 | -2.3 | 3 | 9.9 | 36.2 | 17.6 | 17.4 | 52.5 | 51.7 | 50.8 | 53.5 |
| YoY Gr. | - | NA | NA | 227.5% | 266% | -51.4% | -1.4% | 202.4% | -1.5% | -1.7% | - |
| BVPS (₹) ⓘ | -0.4 | 0.1 | 3.3 | 12.7 | 48.2 | 65.4 | 83.4 | 134 | 184.7 | 231 | 262.1 |
| Adj Net Profit ⓘ | -5.8 | -2.3 | 3 | 9.9 | 36.1 | 17.6 | 17.3 | 52.4 | 51.6 | 50.7 | 53 |
| Cash Flow from Ops. ⓘ | 9.2 | 16.1 | 15.9 | 17.4 | 36.9 | 21.8 | 37.2 | 43.9 | 42.9 | 34.2 | - |
| Debt/CF from Ops. ⓘ | 7 | 3.5 | 3.4 | 2.5 | 0.3 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 13.6% | 11.3% | 36.7% | 0.9% | ||||
| Adj EPS ⓘ | NA | 7% | 43.1% | -1.7% | ||||
| BVPSⓘ | NA | 36.8% | 40.4% | 25.1% | ||||
| Share Price | 63.3% | 79% | 64% | -3.2% | ||||
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 % ⓘ | -114.4 | -48 | 72.6 | 124.2 | 119.1 | 31 | 23.3 | 48.3 | 32.4 | 24.5 | 21.7 |
| Op. Profit Mgn % ⓘ | 6.6 | 6.6 | 11.5 | 13.1 | 23.8 | 16.8 | 22.5 | 23.8 | 20.3 | 19.2 | 18.6 |
| Net Profit Mgn % ⓘ | -4.8 | -1.8 | 2.4 | 6.1 | 16.3 | 10.7 | 11.7 | 16.4 | 13.8 | 13.4 | 13.4 |
| Debt to Equity ⓘ | 13.8 | 11.1 | 16.6 | 3.4 | 0.3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 122 | 104 | 97 | 86 | 96 | 132 | 133 | 83 | 106 | 137 | 86 |
| Cash Conv. Cycle ⓘ | 50 | 39 | 32 | 33 | 30 | 49 | 36 | 16 | 34 | 53 | 53 |
Sales growth is growing at healthy rate in last 3 years 36.74%
Net Profit is growing at healthy rate in last 3 years 43.06%
Return on Equity has declined versus last 3 years average to 21.70%
Sales growth is not so good in last 4 quarters at 1.18%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 53.5 | - |
| TTM Sales (₹ Cr.) | 397 | - |
| BVPS (₹.) ⓘ | 262.1 | - |
| Reserves (₹ Cr.) ⓘ | 252 | - |
| P/BV ⓘ | 8.12 | - |
| PE ⓘ | 39.80 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1690.00 / 2778.70 |
| All Time Low / High (₹) | 6.32 / 2778.70 |
| Market Cap (₹ Cr.) | 2,124 |
| Equity (₹ Cr.) | 10 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 55.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 120 | 133 | 126 | 162 | 222 | 165 | 148 | 320 | 375 | 378 |
| Operating Expenses ⓘ | 112 | 125 | 112 | 141 | 169 | 138 | 115 | 244 | 299 | 306 |
| Manufacturing Costs | 30 | 34 | 33 | 37 | 43 | 32 | 28 | 49 | 48 | 50 |
| Material Costs | 69 | 76 | 60 | 82 | 104 | 83 | 67 | 167 | 218 | 214 |
| Employee Cost | 9 | 11 | 11 | 11 | 12 | 12 | 11 | 13 | 16 | 20 |
| Other Costs ⓘ | 4 | 4 | 8 | 10 | 11 | 11 | 7 | 14 | 17 | 22 |
| Operating Profit ⓘ | 8 | 9 | 14 | 21 | 53 | 27 | 33 | 76 | 76 | 72 |
| Operating Profit Margin (%) | 6.6% | 6.6% | 11.5% | 13.0% | 23.7% | 16.3% | 22.5% | 23.8% | 20.3% | 19.0% |
| Other Income ⓘ | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 3 | 8 | 7 |
| Interest ⓘ | 10 | 8 | 7 | 7 | 4 | 2 | 1 | 2 | 2 | 2 |
| Depreciation ⓘ | 6 | 5 | 5 | 5 | 8 | 5 | 8 | 6 | 6 | 7 |
| Exceptional Items ⓘ | 0 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -7 | 0 | 3 | 10 | 42 | 22 | 25 | 72 | 75 | 70 |
| Tax ⓘ | -1 | 0 | 0 | 0 | 6 | 5 | 8 | 19 | 19 | 18 |
| Profit After Tax | -5 | 0 | 3 | 10 | 36 | 17 | 17 | 53 | 56 | 52 |
| PAT Margin (%) | -4.4% | 0.3% | 2.6% | 6.0% | 16.2% | 10.3% | 11.8% | 16.6% | 15.0% | 13.9% |
| Adjusted EPS (₹) | -5.3 | 0.4 | 3.3 | 9.7 | 36.1 | 17.0 | 17.5 | 53.4 | 56.3 | 52.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 17% | 12% | 13% |
| 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 | 5 | 5 | 3 | 13 | 48 | 65 | 83 | 134 | 184 | 230 |
| Share Capital ⓘ | 15 | 15 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Reserves ⓘ | -10 | -10 | -7 | 3 | 38 | 55 | 73 | 124 | 174 | 220 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 63 | 56 | 54 | 43 | 12 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 6 | 7 | 6 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 63 | 56 | 48 | 37 | 6 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 18 | 21 | 11 | 17 | 26 | 11 | 26 | 35 | 46 | 45 |
| Others Liabilities ⓘ | 10 | 9 | 9 | 16 | 22 | 13 | 22 | 25 | 41 | 43 |
| Total Liabilities ⓘ | 95 | 92 | 78 | 88 | 107 | 89 | 131 | 193 | 272 | 319 |
Fixed Assets | ||||||||||
| Gross Block | 136 | 137 | 137 | 139 | 140 | 143 | 158 | 154 | 173 | 186 |
| Accumulated Depreciation | 83 | 88 | 93 | 98 | 105 | 110 | 118 | 114 | 118 | 125 |
| Net Fixed Assetsⓘ | 53 | 49 | 45 | 41 | 34 | 33 | 40 | 40 | 55 | 61 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 1 | 6 | 3 | 12 | 6 | 29 |
| Investmentsⓘ | 0 | 0 | 1 | 1 | 1 | 1 | 23 | 42 | 67 | 67 |
| Inventories | 21 | 18 | 11 | 17 | 30 | 17 | 25 | 42 | 53 | 59 |
| Trade Receivables | 17 | 20 | 16 | 19 | 23 | 18 | 16 | 25 | 51 | 61 |
| Cash Equivalents | 0 | 0 | 0 | 0 | 1 | 0 | 6 | 13 | 13 | 9 |
| Others Assetsⓘ | 4 | 5 | 5 | 10 | 17 | 14 | 18 | 19 | 28 | 34 |
| Total Assets ⓘ | 95 | 92 | 78 | 88 | 107 | 89 | 131 | 193 | 272 | 319 |
| 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 ⓘ | 9 | 16 | 16 | 17 | 37 | 22 | 37 | 44 | 43 | 34 |
| PBT ⓘ | -7 | 0 | 3 | 9 | 42 | 22 | 26 | 73 | 75 | 70 |
| Adjustment ⓘ | 14 | 12 | 12 | 11 | 10 | 5 | 9 | 4 | 4 | 2 |
| Changes in Working Capital ⓘ | 1 | 4 | 0 | -5 | -8 | -1 | 6 | -14 | -19 | -20 |
| Tax Paid ⓘ | 0 | 0 | 1 | 2 | -7 | -5 | -3 | -19 | -17 | -18 |
| Cash Flow From Investing Activity ⓘ | 0 | -1 | -1 | -1 | -3 | -9 | -34 | -35 | -40 | -30 |
| Capex | 0 | -1 | -1 | -1 | -2 | -10 | -9 | -15 | -15 | -36 |
| Net Investments | 0 | 0 | 0 | 0 | -1 | 1 | -25 | -20 | -25 | 5 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -10 | -15 | -15 | -17 | -34 | -12 | -1 | -5 | -6 | -7 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -4 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -9 | -7 | -6 | -5 | -2 | -1 | -1 | -1 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3 | -5 | -6 |
| Others ⓘ | 3 | -7 | -9 | -12 | -32 | -12 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 5 | -3 | -3 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -208.26 | 0 | 198.92 | 121.81 | 118.59 | 29.98 | 23.54 | 49.13 | 35.31 | 25.31 |
| ROCE (%) | 4.29 | 12.42 | 17.76 | 28.95 | 78.46 | 37.2 | 35.16 | 68.2 | 48.88 | 34.69 |
| Asset Turnover Ratio | 1.31 | 1.57 | 1.64 | 1.99 | 2.27 | 1.68 | 1.34 | 1.97 | 1.61 | 1.28 |
| PAT to CFO Conversion(x) | N/A | N/A | 5.33 | 1.7 | 1.03 | 1.29 | 2.18 | 0.83 | 0.77 | 0.65 | Working Capital Days |
| Receivable Days | 49 | 46 | 47 | 39 | 35 | 45 | 42 | 23 | 37 | 54 |
| Inventory Days | 63 | 49 | 38 | 31 | 39 | 52 | 51 | 38 | 46 | 54 |
| Payable Days | 101 | 94 | 99 | 62 | 74 | 80 | 100 | 67 | 68 | 78 |
Tanfac Industries, incorporated in 1972, is a Joint Sector Company promoted by The Aditya Birla Group of Companies i.e. Grasim Industries, Hindalco Industries, Pilani Industries & Investment Corporation (PI&ICL) and Tamilnadu Industrial Development Corporation (TIDCO). It is one of India's largest suppliers of Fluorine chemicals.
Its plant and facilities are spread over 60 acres in the chemical complex of SIPCOT at Cuddalore near Pondicherry, about 200 kms from Chennai, India.
The company is engaged in the manufacture of chemicals such as aluminium fluoride, anhydrous hydrogen fluoride with generation capacity of 15,600 tpa in each. In addition to this Tanfac manufactures sulphuric acid to the tune of 14,400 tpa inclusive of oleum, and, speciality fluorides to the tune of 3,400 tpa. The fluorine based chemicals have vital applications in industries such as aluminium smelting, petroleum refining, refrigerant gases, steel re-rolling, glass, ceramics, sugar, fertilisers, heavy water, etc. The speciality chemicals are used as intermediates in the manufacture of pharmaceuticals drugs and agrochemicals.
Having started as a single product company, producing aluminium fluoride, Tanfac has now diversified into various speciality fluoride products, with exports to countries across the globe including USA, Europe, Australia, New Zealand, Singapore, Thailand and Middle East.
Product Range
Inorganic Chemicals
Speciality Inorganic Fluorides
Speciality Fine Chemicals
The company is committed to constant improvement of the processes of management system effecting quality, cost, delivery and environmental impacts to prevent pollution and to comply with requirements of customers and interested parties and public.
Tanfac on a continuous basis identify activities which have scope for conserving energy, water reduction of chemicals consumption, recycle of water and recycle of waste in process, as part of its commitment to SHE.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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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