Tourism Finance Corporation Of India Ltd - Stock Valuation and Financial Performance

BSE: 526650 | NSE: TFCILTD | Finance Term Lending | Small Cap

Tourism Finance Corp Share Price

172 1.25 0.73%
as on 28-Mar'24 15:24

DeciZen - make an informed investing decision on Tourism Finance Corp

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Tourism Finance Corporation Of India stock performance -

mw4me loader
P/E Ratio (SA):
16.14
Market Cap:
1,543.1 Cr.
52-wk low:
66.8
52-wk high:
267.4

Is Tourism Finance Corporation Of India Ltd an attractive stock to invest in?

1. Is Tourism Finance Corporation Of India Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tourism Finance Corporation Of India Ltd is a below average quality company.

2. Is Tourism Finance Corporation Of India Ltd undervalued or overvalued?

The key valuation ratios of Tourism Finance Corporation Of India Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Tourism Finance Corporation Of India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tourism Finance Corporation Of India 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 Tourism Finance Corp:

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.
Tourism Finance Corporation Of India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Operating Income (₹ Cr.)184186184208224230276258254231237
YoY Gr. Rt. %-1.1%-1%12.8%7.7%3%19.7%-6.2%-1.7%-9%-
Adj EPS (₹ ) 7.37.56.68.79.610.710109.49.710.6
YoY Gr. Rt. %-2.9%-11%31.5%10%11.4%-6.1%-0.4%-5.6%3.1%-
BVPS (₹ )54.159.463.768.78491.393.498.1103.7112.6108.1
YoY Gr. Rt. %-9.8%7.3%7.8%22.4%8.7%2.3%5.1%5.7%8.6%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)4.34.23.54.33.93.73.33.23.53.80

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income2.6%0.7%-5.7%-9%
Adj EPS3.3%0.3%-1%3.1%
BVPS8.5%6%6.4%8.6%
Share Price 22% 7.6% 40.8% 151.5%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Asset Quality Ratio To view Asset Quality Ratio Colour Rating Guide click here
Net NPA to Net Advances (%)0000000000-
Capitalization Ratio To view Capitalization Ratio Colour Rating Guide click here
Capital Adequacy Ratio (%) 0000000000-
Margins
Net Profit Margin (%)31.832.329.133.934.737.529.431.233.63840.3
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)13.713.210.813.212.612.210.910.59.999.8

Recent Performance Summary

Total income growth is good in last 4 quarters

Return on Equity has declined versus last 3 years average to 9.60%

Total Income has declined 3.10 CAGR in last 3 years

Net Profit has declined -1.04 CAGR in last 3 years

Latest Financials - Tourism Finance Corporation Of India Ltd.

Standalone Consolidated
TTM EPS (₹) 10.6 9.5
TTM Sales (₹ Cr.) 237 232
BVPS (₹.) 108.1 109.8
Reserves (₹ Cr.) 886 902
P/BV 1.58 1.56
PE 16.14 18.05
From the Market
52 Week Low / High (₹) 66.75 / 267.40
All Time Low / High (₹) 5.00 / 267.40
Market Cap (₹ Cr.) 1,543
Equity (₹ Cr.) 90.4
Face Value (₹) 10
Industry PE 13.2

Management X-Ray of Tourism Finance Corp:

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 Tourism Finance Corp

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income187188186209224237279259254232
Interest Income184186184208224230276258254231
Other Income 3211063000
Expenditure 103106110135117123181159146122
Interest Expense 818590919610412113012091
Operating Expenses 17161623191621252422
Provisions 5542222393210
Exceptional Items 00023000000
Profit Before Tax 8482769710711497100108109
Taxes 26222227292716192321
Profit After Tax 58605470778681818588
Adjusted EPS (₹)7.37.56.68.79.610.710.010.09.49.7
Dividend Payout Ratio (%)17%24%27%23%21%21%0%8%13%25%

Balance Sheet

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

Equity and Liabilities

Equity Capital4364795145546787377547929371,017
Share Capital 81818181818181819090
Reserves 356398433474597656673711847927
Minority Interest0000000000
Long Term Borrowings8899899769941,3301,5581,6781,6001,3561,154
Current Liabilities 363310015225061939411559
Trade Payables0000110000
Short term borrowings0055922153050608030
Other Liabilities00-55-92-216-32-50-60-80-30
Total Liabilities 1,3621,5011,5901,7002,2592,3552,5252,4852,4092,230

Assets

Non Current Asset 1,0481,2131,2871,4432,0122,2112,2962,4362,1652,130
Loan Asset 9211,0411,1161,2151,5081,6431,7591,9421,8041,582
Other Non Current Asset 127172171227504568537494360547
Current Asset 31428830325824714422949244101
Current Investment66731416789588101214
Other Current Asset248214162191158862213923286
Total Assets 1,3621,5011,5901,7002,2592,3552,5252,4852,4092,230

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 191522-7135-54161-171139-137
Cash Flow From Investing Activity 0003100-10-20
Cash Flow From Financing Activity -11-21-19-19-20-20-22-157-12
Net Cash Flow 7-636115-74139-172193-149
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)777910111010910
DPS (₹)1222220112
BVPS (₹)5459646984919398104113

Performance Ratios

ROA (%)4.34.23.54.33.93.73.33.23.53.8
ROE (%)13.713.210.813.212.612.210.910.59.99.0
ROCE (%)12.612.211.312.111.410.810.210.610.59.5

Valuation Parameters

Price/Book(x)0.41.10.71.21.81.30.40.60.60.6

Tourism Finance Corporation Of India Ltd Stock News

Tourism Finance Corporation Of India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tourism Finance Corp on 28-Mar-2024 15:24 is ₹172.0.
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 28-Mar-2024 15:24 the market cap of Tourism Finance Corp stood at ₹1,543.1.
The latest P/E ratio of Tourism Finance Corp as of 28-Mar-2024 15:24 is 16.14.
The latest P/B ratio of Tourism Finance Corp as of 28-Mar-2024 15:24 is 1.58.
The 52-week high of Tourism Finance Corp is ₹267.4 and the 52-week low is ₹66.75.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tourism Finance Corp is ₹237.2 ( Cr.) .

About Tourism Finance Corporation Of India Ltd

Tourism Finance Corporation of India Ltd. (TFCI) is an Indian Financial Institution, set-up in 1989 upon the recommendations of the National Committee of Tourism under the aegis of Planning Commission. Established as a premier tourism financing institution, TFCI has acted as a catalyst in creation of infrastructure in hospitality segment in over 3 decades of its existence. The company has also enabled various businesses to channelize their investments into different segments and locations of the tourism industry. Set-up by a group of government organisations like IFCI, LIC, OIC, SBI, BOI, Canara Bank, etc., TFCI was instrumental in creating many firsts (viz., Indian Railways’ Palace on Wheels, Esselworld, spa/wellness resort Ananda in the Himalayas, etc.) in hospitality sector.

The company It has been associated with major domestic as well as international hotel operating brands like ITC, Leela, Taj, Lalit, Lemon Tree, Hyatt, Marriott, Hilton, Radisson, Holiday Inn, Ramada, etc. With a view to augment tourist influx, the company has also acted as an advisor to central government, multiple state governments/ its affiliated agencies and has also assisted in interalia charting master tourism plan, promotional activities, market potential assessment, tourism flow surveys, market feasibility studies, etc. To name a few, it has been associated with Government of Himachal Pradesh, Ministry of Environment & Forests (GoI), Government of Gujarat, Gujarat State Tourism Development Corporation, Tamil Nadu Tourism Development Corporation, MP State Tourism Development Corporation Ltd., Delhi Tourism Transport Development Corporation, Jharkhand Tourism Development Corporation, etc. The company had also advised Ministry of Railways for launching and managing pan-India luxury train services.

The stake of IFCI (largest shareholder) was divested through an open market operation in 2017. TFCI’s promoter/promoter group shareholders are India Opportunities III Pte Ltd., Tamaka Capital (Mauritius) Ltd., LIC of India, Oriental Insurance Company and Sajeeve Thomas (an experienced career banker).

The company is focusing on lending/investing in diverse sectors like healthcare, pharma, education, manufacturing etc. while maintaining its leadership position in lending to hospitality segment.

The company has also ventured into Investment Banking activities viz., M&A advisory, Special Situation Funding & Private Equity arrangership, Debt Syndication, asset buy/sell side advising, etc. It also continues to be a dominant player in the hospitality segment and is engaged in project financing, takeover financing, corporate financing, working capital financing, structured financing, etc. the company is also passionate about funding MSME segment, the backbone of the economy.

Business area of the company

The company is a leading player in providing financial assistance by way of Term Loans to its customers. It has been a pioneer in financing projects in tourism sector. With its deep understanding and experience of over 30 years, it has ability to structure the contours of various modes of funding.

The company’s focus is to provide viable funding solutions to borrowers, operating in the field of Tourism, Healthcare, Education, Logistics, Pharma, etc. With a team of professionals, having in-depth understanding of products and sectoral dynamics, it provides Rupee Term Loans, Project Loans, Corporate Loans, Loans Against Securities, Bridge Loan, Take its Financing, Subscription in Equity Shares/Debentures, etc. to its clients.

The company provides assistance to both greenfield as well as for expansion, diversification and modernization projects. In line with the requirements of the client, it provides floating (linked to its Benchmark Rate) as well as fixed rate loans. It also invests in NCDs of rated corporates and subscribe to equity shares on a case-to-case basis.

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