BSE: 0 | NSE: TROM | Engineering - Construction | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Trom Industries Ltd is a average quality company.
The key valuation ratios of Trom Industries 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 Semi Strong which suggest that the price of Trom Industries Ltd is likely to Rise-somewhat 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'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 22.1% | 23% | 22.8% | 66.4% | - |
| Value Creation Index ⓘ | 0.6 | 0.6 | 0.6 | 3.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 22.6 | 30.3 | 24 | 54.3 | 54 |
| Sales YoY Gr. | - | 34.4% | -20.8% | 126.3% | - |
| Adj EPS ⓘ | 1.2 | 1.4 | 1.2 | 8.9 | 6.2 |
| YoY Gr. | - | 18% | -16.7% | 670.4% | - |
| BVPS (₹) ⓘ | 7.4 | 8.8 | 10 | 18.9 | 47.4 |
| Adj Net Profit ⓘ | 0.3 | 0.4 | 0.3 | 5.7 | 6 |
| Cash Flow from Ops. ⓘ | 1.3 | 0.7 | -2.3 | -3.7 | - |
| Debt/CF from Ops. ⓘ | 1.8 | 1.2 | -2.2 | -1.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 34.1% | 126.3% | ||||
| Adj EPS ⓘ | NA | NA | 96.4% | 670.4% | ||||
| BVPSⓘ | NA | NA | 36.9% | 89.8% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 15.9 | 17.1 | 12.3 | 77.8 | 18.8 |
| Op. Profit Mgn % ⓘ | 3.6 | 2.2 | 4.9 | 15.3 | NAN |
| Net Profit Mgn % ⓘ | 1.3 | 1.1 | 1.2 | 10.5 | 10.5 |
| Debt to Equity ⓘ | 1.2 | 0.4 | 2 | 0.5 | - |
| Working Cap Days ⓘ | 0 | 206 | 293 | 166 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 3 | 28 | 69 | 0 |
Sales growth is growing at healthy rate in last 3 years 34.07%
Net Profit is growing at healthy rate in last 3 years 96.37%
Debt to equity has declined versus last 3 years average to 0.47
Return on Equity has declined versus last 3 years average to 18.80%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6.2 | - |
| TTM Sales (₹ Cr.) | 54.3 | - |
| BVPS (₹.) ⓘ | 47.4 | - |
| Reserves (₹ Cr.) ⓘ | 34 | - |
| P/BV ⓘ | 5.05 | - |
| PE ⓘ | 38.40 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 220 |
| Equity (₹ Cr.) | 9.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 36.2 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 23 | 30 | 24 | 54 |
| Operating Expenses ⓘ | 22 | 30 | 23 | 46 |
| Manufacturing Costs | 0 | 0 | 0 | 1 |
| Material Costs | 18 | 27 | 20 | 39 |
| Employee Cost | 1 | 1 | 1 | 5 |
| Other Costs ⓘ | 3 | 1 | 2 | 1 |
| Operating Profit ⓘ | 1 | 1 | 1 | 8 |
| Operating Profit Margin (%) | 3.6% | 2.2% | 4.9% | 15.3% |
| Other Income ⓘ | 0 | 0 | 0 | 0 |
| Interest ⓘ | 0 | 0 | 1 | 1 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 0 | 0 | 8 |
| Tax ⓘ | 0 | 0 | 0 | 2 |
| Profit After Tax | 0 | 0 | 0 | 6 |
| PAT Margin (%) | 1.3% | 1.2% | 1.2% | 10.5% |
| Adjusted EPS (₹) | 1.2 | 1.4 | 1.2 | 8.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 2 | 2 | 2 | 12 | ||||||
| Share Capital ⓘ | 0 | 0 | 0 | 6 | ||||||
| Reserves ⓘ | 2 | 2 | 2 | 6 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 1 | 0 | 3 | 4 | ||||||
| Long Term Debt | 1 | 0 | 3 | 4 | ||||||
| Short Term Debt | 0 | 0 | 0 | 0 | ||||||
| Trade Payables | 10 | 13 | 11 | 7 | ||||||
| Others Liabilities ⓘ | 5 | 3 | 5 | 6 | ||||||
| Total Liabilities ⓘ | 18 | 19 | 22 | 29 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 1 | 1 | 1 | 1 | ||||||
| Accumulated Depreciation | 0 | 0 | 0 | 1 | ||||||
| Net Fixed Assetsⓘ | 0 | 0 | 0 | 0 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 1 | 1 | 3 | 12 | ||||||
| Trade Receivables | 11 | 12 | 12 | 12 | ||||||
| Cash Equivalents | 1 | 1 | 0 | 0 | ||||||
| Others Assetsⓘ | 5 | 5 | 6 | 4 | ||||||
| Total Assets ⓘ | 18 | 19 | 22 | 29 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1 | 1 | -2 | -4 |
| PBT ⓘ | 0 | 0 | 0 | 8 |
| Adjustment ⓘ | 0 | 0 | 1 | 1 |
| Changes in Working Capital ⓘ | 1 | 0 | -3 | -12 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 0 | 0 |
| Capex | 0 | 0 | 0 | 0 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -1 | -1 | 2 | 4 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 4 |
| Net Proceeds from Borrowing ⓘ | -1 | -1 | 3 | 0 |
| Interest Paid ⓘ | 0 | 0 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 15.87 | 17.72 | 12.25 | 77.82 | ||||||
| ROCE (%) | 22.08 | 22.97 | 22.77 | 66.36 | ||||||
| Asset Turnover Ratio | 1.26 | 1.66 | 1.2 | 2.15 | ||||||
| PAT to CFO Conversion(x) | N/A | N/A | N/A | -0.67 | Working Capital Days | |||||
| Receivable Days | 173 | 136 | 181 | 82 | ||||||
| Inventory Days | 14 | 11 | 29 | 49 | ||||||
| Payable Days | 205 | 152 | 212 | 87 | ||||||
Trom Industries Limited was originally formed as Partnership Firm under the name and style of ‘Trom Solar’ on August 08, 2011. The company was converted into public limited company pursuant to a resolution passed in the meeting of the partners held on April 10, 2019, and name of the company was changed to ‘Trom Industries Limited’ and pursuant to the provisions of sub-section (2) of section 7 of the Companies Act, 2013 (18 of 2013) and rule 18 of the Companies (Incorporation) Rules, 2014 and a fresh Certificate of Incorporation dated August 01, 2019, was issued by Registrar of Companies, Central Registration Centre.
Trom Industries is a Solar EPC (Engineering, Procurement, and Construction) company specializing in residential solar rooftop, industrial solar power plants, ground-mounted solar power plants, and solar street lights. The company is engaged in the comprehensive development of diverse solar projects. For residential rooftop installations, it designs and implements solar systems tailored to individual homes. In the industrial sector, the company scales up its operations to design and construct larger solar power plants catering to industrial needs. Ground mounted solar power plants involve the development of solar arrays on open land. Additionally, the company extends its services to include the Supply and Installation of solar street lights for public and commercial areas.
Its business encompasses engineering design, procurement of materials, on-site construction, project management, and adherence to regulatory standards across various sectors. Its solar applications contribute to the growth of sustainable energy solutions across residential, industrial, public domains and government sector. Also, its business operations encompass the extensive trading and distribution of a diverse range of products, including solar panels, inverters, and an array of materials intricately connected to the establishment and functioning of solar power plants. Furthermore, it was also engaged in the trading of all types of footwear to a very small scale during the period. It is actively engaged in the development of green hydrogen projects as a pivotal aspect of its future business endeavors.
Business area of the company
Trom Industries is a Solar EPC company specializing in residential solar rooftop, industrial solar power plants, ground-mounted solar power plants, and solar street lights. The company is engaged in the business of providing wide range of products, including solar products like solar roof top, solar refrigeration, solar street lights etc.
Products of the company
History and milestones
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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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