Indian Toners & Developers Ltd - Stock Valuation and Financial Performance

BSE: 523586 | NSE: | Chemicals | Small Cap

Indian Toners & Dev Share Price

262.05 -4.75 -1.78%
as on 28-Mar'24 16:01

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

Fair

3. Price Trend

Indian Toners & Developers stock performance -

mw4me loader
P/E Ratio (SA):
11.52
Market Cap:
283.4 Cr.
52-wk low:
188.1
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 average 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 Fair 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 some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 12.6%6.6%10.7%24.1%16.2%12.8%7.2%8.1%12.7%15%-
Value Creation
Index
-0.1-0.5-0.20.70.2-0.1-0.5-0.4-0.10.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3434.3351151121159188.3119155157
Sales YoY Gr.-0.9%2.3%227.8%-2.5%3.1%-21.2%-3%34.8%30.4%-
Adj EPS 747.329.518.516.19.612.618.824.222.7
YoY Gr.--43.5%82.7%305.5%-37.4%-12.9%-40.6%32.2%49.1%28.5%-
BVPS (₹) 61.166.473.7166.3120.9132.6140.1148.3152.7173.5189.7
Adj Net
Profit
5.73.25.923.824.321.212.613.720.426.225
Cash Flow from Ops. 7.12.95.617.719.213.913.519.514.118.2-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 18.4%6.8%19.5%30.4%
Adj EPS 14.7%5.5%36.3%28.5%
BVPS12.3%7.5%7.4%13.6%
Share Price 26.6% 13.1% 23% 31.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
12.26.210.423.315.812.36.97.912.514.812.5
Op. Profit
Mgn %
20.815.517.524.524.621.414.617.921.822.422.5
Net Profit
Mgn %
16.79.416.720.721.718.313.815.517.216.915.7
Debt to
Equity
0000000000-
Working Cap
Days
19214714281135145173157141138141
Cash Conv.
Cycle
71696221293864564657125

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.50%

Sales growth is growing at healthy rate in last 3 years 19.48%

Net Profit is growing at healthy rate in last 3 years 36.30%

Sales growth is not so good in last 4 quarters at 7.78%

Latest Financials - Indian Toners & Developers Ltd.

Standalone Consolidated
TTM EPS (₹) 22.7 25
TTM Sales (₹ Cr.) 157 146
BVPS (₹.) 189.7 170.3
Reserves (₹ Cr.) 195 174
P/BV 1.38 1.53
PE 11.52 10.45
From the Market
52 Week Low / High (₹) 188.05 / 417.95
All Time Low / High (₹) 0.05 / 417.95
Market Cap (₹ Cr.) 283
Equity (₹ Cr.) 10.9
Face Value (₹) 10
Industry PE 47

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales3434351151121159188119155
Operating Expenses 272929878592787395120
Manufacturing Costs55515161715131824
Material Costs15151551475141395271
Employee Cost 45612131414141617
Other Costs 3439998698
Operating Profit 75628272413162435
Operating Profit Margin (%) 20.5%15.5%17.4%24.3%24.5%20.7%14.1%17.6%19.8%22.4%
Other Income 2137767844
Interest 0001111001
Depreciation 1113444444
Exceptional Items 0200000000
Profit Before Tax 76730302515192334
Tax 2217652558
Profit After Tax 55624242012141926
PAT Margin (%) 15.9%13.6%16.8%20.6%21.6%17.7%13.4%15.4%15.9%17.0%
Adjusted EPS (₹)6.75.87.329.318.415.59.312.517.524.3
Dividend Payout Ratio (%)0%0%0%0%16%19%32%24%17%14%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 495359139164180184161166188
Share Capital 8888131313111111
Reserves 414551131151167171150155177
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables4341216161211137
Others Liabilities 65518131110141822
Total Liabilities 596268169194207207186196217

Fixed Assets

Gross Block383838839497104104105129
Accumulated Depreciation25262738424650545760
Net Fixed Assets13111145525254504969
CWIP 0008110012
Investments 273239718791101766564
Inventories55711131817121819
Trade Receivables66315171814161722
Cash Equivalents 555581512222518
Others Assets3341415129102224
Total Assets 596268169194207207186196217

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 73618191413191418
PBT 76730302515192334
Adjustment 0-1-1-3-1-3-3131
Changes in Working Capital 1-11-4-2-443-8-12
Tax Paid -2-2-1-5-7-5-3-3-5-5
Cash Flow From Investing Activity -5-3-6-16-16-2-9284-23
Capex -200-10-4-5-100-9-24
Net Investments -11-3-7-7-142027113
Others 802121212-1
Cash Flow From Financing Activity 000-2-4-5-8-38-15-5
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000-1-1-1000
Dividend Paid 000-1-3-5-70-15-4
Others 000000-1-38-10
Net Cash Flow 2000-16-393-9
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)11.629.0910.4424.4316.5312.246.797.8511.614.87
ROCE (%)15.7712.6313.3331.6120.7615.798.6711.1214.6219.58
Asset Turnover Ratio0.610.570.541.010.630.590.450.460.640.77
PAT to CFO Conversion(x)1.40.610.750.790.71.081.360.740.69
Working Capital Days
Receivable Days63634627515563604944
Inventory Days54526228394868574442
Payable Days838789571101161261098449

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 28-Mar-2024 16:01 is ₹262.1.
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 16:01 the market cap of Indian Toners & Dev stood at ₹283.4.
The latest P/E ratio of Indian Toners & Dev as of 28-Mar-2024 16:01 is 11.52.
The latest P/B ratio of Indian Toners & Dev as of 28-Mar-2024 16:01 is 1.38.
The 52-week high of Indian Toners & Dev is ₹417.9 and the 52-week low is ₹188.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indian Toners & Dev is ₹157.0 ( 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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