BSE: 524582 | NSE: | Consumer Food | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tirupati Starch & Chemicals Ltd is a below average quality company.
The key valuation ratios of Tirupati Starch & Chemicals Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tirupati Starch & Chemicals 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 % ⓘ | 4.9% | 2.7% | 7.8% | 12% | 15.2% | 8.9% | 6.6% | 15.7% | 12.9% | 7.7% | - |
| Value Creation Index ⓘ | -0.7 | -0.8 | -0.4 | -0.1 | 0.1 | -0.4 | -0.5 | 0.1 | -0.1 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 59.2 | 158 | 175 | 199 | 227 | 272 | 200 | 318 | 364 | 306 | 359 |
| Sales YoY Gr. | - | 167.2% | 10.5% | 14% | 14.2% | 19.5% | -26.4% | 59.1% | 14.5% | -16% | - |
| Adj EPS ⓘ | -2 | -2.6 | 0.9 | 2.6 | 5.2 | 1.7 | 1.4 | 11.8 | 8.1 | 2.2 | 0.1 |
| YoY Gr. | - | NA | NA | 204.7% | 97% | -68% | -14.6% | 736.9% | -31.2% | -73.4% | - |
| BVPS (₹) ⓘ | 19.5 | 17 | 21.4 | 28.7 | 34 | 35.9 | 39.7 | 51.5 | 56.9 | 55.8 | 54.1 |
| Adj Net Profit ⓘ | -1.2 | -1.6 | 0.5 | 1.6 | 3.1 | 1 | 1 | 8.3 | 6.6 | 2.1 | 0 |
| Cash Flow from Ops. ⓘ | 17.5 | -4.5 | 13.7 | 32.9 | 5.3 | 11.6 | -34.6 | -0.8 | 23.3 | -34.2 | - |
| Debt/CF from Ops. ⓘ | 2.4 | -11.8 | 3.6 | 0.8 | 4.4 | 1.9 | -1.6 | -99.8 | 3.9 | -4.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 20% | 6.1% | 15.3% | -16% | ||||
| Adj EPS ⓘ | NA | -16% | 15.3% | -73.4% | ||||
| BVPSⓘ | 12.4% | 10.4% | 12% | -1.9% | ||||
| Share Price | 33.3% | 54.6% | 39.9% | 30.7% | ||||
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 % ⓘ | -8.5 | -12.3 | 4.2 | 10.5 | 16.5 | 4.7 | 4 | 25.9 | 16 | 4.2 | 0.1 |
| Op. Profit Mgn % ⓘ | 6.4 | 3.4 | 2.3 | 4.9 | 4.8 | 3 | 4.6 | 6.1 | 5.8 | 6.7 | 5.6 |
| Net Profit Mgn % ⓘ | -2 | -1 | 0.3 | 0.8 | 1.4 | 0.4 | 0.5 | 2.6 | 1.8 | 0.7 | 0 |
| Debt to Equity ⓘ | 3.2 | 4.5 | 3.8 | 1.5 | 1.1 | 1 | 2 | 2.1 | 2 | 2.9 | 1.8 |
| Working Cap Days ⓘ | 117 | 72 | 82 | 70 | 88 | 90 | 110 | 77 | 70 | 98 | 42 |
| Cash Conv. Cycle ⓘ | 14 | 6 | 15 | 15 | 17 | -17 | -37 | 17 | 26 | 59 | 8 |
Sales growth is growing at healthy rate in last 3 years 15.25%
Net Profit is growing at healthy rate in last 3 years 15.28%
Sales growth is good in last 4 quarters at 19.90%
Return on Equity has declined versus last 3 years average to 0.10%
Debt to equity has increased versus last 3 years average to 2.87
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.1 | 0.2 |
| TTM Sales (₹ Cr.) | 359 | 359 |
| BVPS (₹.) ⓘ | 54.1 | 54.2 |
| Reserves (₹ Cr.) ⓘ | 42 | 42 |
| P/BV ⓘ | 3.15 | 3.14 |
| PE ⓘ | 0.00 | 891.59 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 122.00 / 263.85 |
| All Time Low / High (₹) | 0.60 / 263.85 |
| Market Cap (₹ Cr.) | 163 |
| Equity (₹ Cr.) | 9.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 64.6 |
| 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 | 59 | 158 | 175 | 199 | 227 | 272 | 200 | 318 | 364 | 306 |
| Operating Expenses ⓘ | 55 | 153 | 171 | 189 | 216 | 264 | 191 | 299 | 343 | 286 |
| Manufacturing Costs | 11 | 26 | 27 | 33 | 36 | 32 | 33 | 50 | 55 | 44 |
| Material Costs | 38 | 114 | 130 | 143 | 167 | 218 | 143 | 222 | 260 | 214 |
| Employee Cost | 3 | 5 | 6 | 5 | 6 | 6 | 7 | 12 | 14 | 13 |
| Other Costs ⓘ | 4 | 8 | 8 | 8 | 7 | 8 | 8 | 15 | 14 | 14 |
| Operating Profit ⓘ | 4 | 5 | 4 | 10 | 11 | 8 | 9 | 19 | 21 | 20 |
| Operating Profit Margin (%) | 6.3% | 3.4% | 2.3% | 4.9% | 4.8% | 3.0% | 4.6% | 6.1% | 5.8% | 6.7% |
| Other Income ⓘ | 1 | 1 | 5 | 1 | 1 | 1 | 0 | 2 | 1 | 0 |
| Interest ⓘ | 1 | 6 | 5 | 4 | 3 | 2 | 3 | 6 | 8 | 10 |
| Depreciation ⓘ | 2 | 4 | 5 | 5 | 5 | 5 | 5 | 6 | 6 | 8 |
| Exceptional Items ⓘ | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | -5 | 0 | 2 | 4 | 2 | 1 | 9 | 8 | 3 |
| Tax ⓘ | 2 | -3 | -1 | 0 | 1 | 0 | 0 | 1 | 1 | 1 |
| Profit After Tax | -1 | -2 | 1 | 2 | 3 | 1 | 1 | 8 | 7 | 2 |
| PAT Margin (%) | -2.0% | -1.0% | 0.7% | 0.9% | 1.4% | 0.4% | 0.5% | 2.6% | 1.8% | 0.7% |
| Adjusted EPS (₹) | -2.0 | -2.5 | 1.9 | 2.9 | 5.3 | 1.9 | 1.5 | 11.8 | 8.1 | 2.2 |
| 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 | 13 | 12 | 13 | 17 | 21 | 22 | 28 | 36 | 46 | 54 |
| Share Capital ⓘ | 8 | 8 | 6 | 6 | 6 | 6 | 7 | 7 | 8 | 10 |
| Reserves ⓘ | 6 | 4 | 7 | 11 | 15 | 16 | 21 | 29 | 38 | 44 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 35 | 47 | 44 | 21 | 22 | 21 | 53 | 75 | 83 | 138 |
| Long Term Debt | 27 | 37 | 38 | 12 | 14 | 14 | 50 | 68 | 64 | 95 |
| Short Term Debt | 8 | 10 | 6 | 8 | 8 | 7 | 4 | 7 | 19 | 42 |
| Trade Payables | 23 | 28 | 21 | 21 | 45 | 92 | 35 | 34 | 22 | 8 |
| Others Liabilities ⓘ | 10 | 18 | 28 | 49 | 51 | 5 | 17 | 14 | 18 | 27 |
| Total Liabilities ⓘ | 82 | 105 | 105 | 108 | 138 | 140 | 133 | 158 | 169 | 226 |
Fixed Assets | ||||||||||
| Gross Block | 79 | 81 | 91 | 97 | 97 | 97 | 117 | 113 | 113 | 158 |
| Accumulated Depreciation | 18 | 23 | 27 | 32 | 37 | 41 | 47 | 52 | 58 | 66 |
| Net Fixed Assetsⓘ | 61 | 59 | 64 | 65 | 60 | 55 | 71 | 61 | 55 | 93 |
| CWIP ⓘ | 0 | 4 | 0 | 0 | 9 | 18 | 7 | 16 | 46 | 27 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Inventories | 12 | 17 | 15 | 13 | 19 | 29 | 15 | 33 | 14 | 49 |
| Trade Receivables | 7 | 19 | 17 | 21 | 38 | 27 | 24 | 30 | 33 | 34 |
| Cash Equivalents | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 8 | 2 |
| Others Assetsⓘ | 2 | 6 | 9 | 9 | 11 | 10 | 15 | 16 | 13 | 22 |
| Total Assets ⓘ | 82 | 105 | 105 | 108 | 138 | 140 | 133 | 158 | 169 | 226 |
| 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 ⓘ | 17 | -4 | 14 | 33 | 5 | 12 | -35 | -1 | 23 | -34 |
| PBT ⓘ | 1 | -5 | 0 | 2 | 4 | 2 | 1 | 9 | 8 | 3 |
| Adjustment ⓘ | 3 | 11 | 9 | 11 | 7 | 7 | 8 | 12 | 14 | 18 |
| Changes in Working Capital ⓘ | 13 | -10 | 5 | 19 | -5 | 3 | -44 | -20 | 3 | -54 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | -1 | 0 | 0 | -2 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | -20 | -6 | -5 | -5 | -9 | -9 | -6 | -6 | -25 | -32 |
| Capex | -24 | -6 | -5 | -5 | -9 | -9 | -6 | -5 | -26 | -31 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 | -1 |
| Others ⓘ | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 3 | 10 | -8 | -28 | 4 | -3 | 41 | 7 | 9 | 59 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 4 | 5 |
| Net Proceeds from Borrowing ⓘ | -1 | 15 | 0 | -25 | 7 | 1 | 40 | 10 | 1 | 39 |
| Interest Paid ⓘ | -1 | -7 | -5 | -4 | -3 | -2 | -3 | -5 | -8 | -9 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 6 | 2 | -4 | 2 | -1 | -1 | 0 | 3 | 12 | 24 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | -7 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -9.49 | -13.6 | 9.76 | 11.63 | 16.99 | 5.41 | 4.13 | 25.9 | 16.01 | 4.17 |
| ROCE (%) | 4.86 | 2.69 | 7.78 | 12 | 15.2 | 8.92 | 6.61 | 15.68 | 12.85 | 7.67 |
| Asset Turnover Ratio | 0.85 | 1.69 | 1.75 | 2.06 | 1.84 | 1.95 | 1.46 | 2.19 | 2.23 | 1.55 |
| PAT to CFO Conversion(x) | N/A | N/A | 14 | 16.5 | 1.67 | 12 | -35 | -0.13 | 3.29 | -17 | Working Capital Days |
| Receivable Days | 37 | 30 | 36 | 32 | 47 | 44 | 47 | 31 | 32 | 40 |
| Inventory Days | 58 | 33 | 32 | 23 | 25 | 32 | 40 | 27 | 23 | 37 |
| Payable Days | 125 | 82 | 68 | 53 | 72 | 115 | 162 | 57 | 39 | 25 |
Tirupati Starch & Chemicals Ltd. is a public limited company incorporated on December 9, 1985 with Dr.Damodar Modi as Chairman and promoter of the company.
Tirupati Starch & Chemicals Ltd. is a producer of maize starch powder, maize gluten, maize grit yellow dextrine and white dextrine.
The Plant of the company is located at Village Sejwaya, Ghatabillod District Dhar in Madhya Pradesh. The company is a public limited company with Dr.Damodar Modi as Chairman and Managing Director, he is from Medical profession and has served as physician in Semiran Hospital of Iran during 1975 to 1983 on deputing from government of India.
Product range of the company includes:
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