Past 10 year’s financial track record analysis by Moneyworks4me indicates that TCM Ltd is a below average quality company.
The key valuation ratios of TCM Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of TCM 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'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -270% | 84.3% | 43.8% | 55.4% | -1.6% | -2.2% | 1% | 1.7% | -11.5% | -7.5% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | NA | NA | -0.9 | -0.9 | -1.8 | -1.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 0 | 0 | 0 | 0 | 0 | 0.4 | 0.9 | 4.3 | 3.5 | 7.2 | 28 |
| Sales YoY Gr. | - | NA | NA | NA | NA | NA | 130% | 362% | -18.6% | 106.9% | - |
| Adj EPS ⓘ | -2.7 | -0.9 | -0.9 | -1.1 | -0.6 | -1.7 | 0.7 | 1.2 | -7.7 | -3.7 | -0.5 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | 64.8% | -756.4% | NA | - |
| BVPS (₹) ⓘ | -44.6 | -47.4 | -48.3 | -49.4 | -50.8 | -53.2 | -51.8 | -50 | 49.8 | 46 | 46 |
| Adj Net Profit ⓘ | -1.4 | -0.5 | -0.5 | -0.6 | -0.3 | -1 | 0.4 | 0.6 | -4.2 | -2.8 | 0 |
| Cash Flow from Ops. ⓘ | -0.3 | -0.4 | -0.4 | -0.7 | -4.4 | -1.6 | -0.6 | -0.1 | -2.8 | -9.6 | - |
| Debt/CF from Ops. ⓘ | -77.4 | -61.7 | -58 | -35.9 | -1.2 | -3.3 | -10.1 | -52.6 | -2.2 | -0.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 98.2% | 106.9% | ||||
| Adj EPS ⓘ | NA | NA | -273.4% | NA | ||||
| BVPSⓘ | NA | NA | NA | -7.7% | ||||
| Share Price | 2% | 12.3% | 20.8% | 56.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 6.1 | 1.9 | 1.9 | 2.3 | -9.2 | -2.9 | 1.2 | 1.9 | -13.8 | -9 | -1 |
| Op. Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | -218.1 | -81.4 | 0.7 | -67.1 | -35.6 | -1.3 |
| Net Profit Mgn % ⓘ | 0 | 0 | 0 | 0 | 0 | -239.3 | 42.2 | 15 | -121 | -38.7 | -1.3 |
| Debt to Equity ⓘ | -1 | -1 | -1 | -1 | -0.2 | -0.2 | -0.2 | -0.2 | 0.2 | 0 | - |
| Working Cap Days ⓘ | 0 | 0 | 0 | 0 | 0 | 5,978 | 2,816 | 733 | 953 | 642 | 104 |
| Cash Conv. Cycle ⓘ | 0 | 0 | 0 | 0 | 0 | 1,886 | 321 | 21 | 225 | 268 | -109 |
Sales growth is growing at healthy rate in last 3 years 98.17%
Sales growth is good in last 4 quarters at 778.75%
Return on Equity is Poor
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -0.5 | -3.5 |
| TTM Sales (₹ Cr.) | 27.9 | 28.6 |
| BVPS (₹.) ⓘ | 46 | 38.9 |
| Reserves (₹ Cr.) ⓘ | 27 | 22 |
| P/BV ⓘ | 1.15 | 1.36 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 32.51 / 65.00 |
| All Time Low / High (₹) | 0.97 / 70.96 |
| Market Cap (₹ Cr.) | 39.6 |
| Equity (₹ Cr.) | 7.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 49.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0 | 0 | 0.40 | 0.92 | 4.25 | 3.46 | 7.16 |
| Operating Expenses ⓘ | 1.22 | 0.43 | 0.50 | 0.72 | 0.36 | 1.26 | 1.67 | 4.22 | 5.77 | 9.71 |
| Manufacturing Costs | 0.14 | 0.17 | 0.27 | 0.16 | 0.06 | 0.09 | 0.40 | 0.26 | 0.29 | 1.15 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0.42 | 0.65 | 1.88 | 2.61 | 5.82 |
| Employee Cost | 0.82 | 0.05 | 0.04 | 0.03 | 0.04 | 0.23 | 0.26 | 0.56 | 0.91 | 1.05 |
| Other Costs ⓘ | 0.26 | 0.21 | 0.18 | 0.53 | 0.25 | 0.52 | 0.36 | 1.52 | 1.97 | 1.69 |
| Operating Profit ⓘ | -1.22 | -0.43 | -0.50 | -0.72 | -0.36 | -0.86 | -0.75 | 0.03 | -2.32 | -2.55 |
| Operating Profit Margin (%) | - | - | - | - | - | -218.0% | -81.4% | 0.7% | -67.1% | -35.6% |
| Other Income ⓘ | 0.05 | 0.02 | 0.06 | 0.22 | 0.23 | 0.04 | 1.15 | 1.23 | 1.02 | 0.23 |
| Interest ⓘ | 0 | 0 | 0 | 0.05 | 0 | 0.12 | 0.01 | 0.01 | 0.01 | 0.27 |
| Depreciation ⓘ | 0.28 | 0.07 | 0.06 | 0.06 | 0 | 0 | 0.01 | 0.02 | 0.04 | 0.19 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | -0.62 | 0 | 0 | 0 | -2.58 | 0 |
| Profit Before Tax ⓘ | -1.44 | -0.48 | -0.50 | -0.61 | -0.75 | -0.95 | 0.39 | 1.23 | -3.93 | -2.78 |
| Tax ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.25 | 0 | -0.02 |
| Profit After Tax | -1.44 | -0.48 | -0.50 | -0.61 | -0.75 | -0.95 | 0.39 | 0.98 | -3.93 | -2.77 |
| PAT Margin (%) | - | - | - | - | - | -239.0% | 42.2% | 23.1% | -113.0% | -38.6% |
| Adjusted EPS (₹) | -2.7 | -0.9 | -0.9 | -1.1 | -1.4 | -1.7 | 0.7 | 1.8 | -7.2 | -3.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -24.29 | -25.80 | -26.30 | -26.91 | 33.73 | 32.42 | 32.55 | 33.54 | 27.13 | 34.38 |
| Share Capital ⓘ | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 | 7.48 |
| Reserves ⓘ | -27.69 | -29.20 | -29.70 | -30.31 | 30.33 | 29.02 | 29.16 | 30.14 | 23.73 | 26.90 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 24.27 | 24.68 | 25.15 | 25.97 | 5.38 | 5.38 | 5.64 | 5.83 | 6.01 | 1.06 |
| Long Term Debt | 19.68 | 19.68 | 19.68 | 19.68 | 0 | 0 | 0 | 0 | 0.08 | 0.06 |
| Short Term Debt | 4.60 | 5.01 | 5.47 | 6.30 | 5.38 | 5.38 | 5.64 | 5.83 | 5.93 | 1 |
| Trade Payables | 3.36 | 3.37 | 3.38 | 3.18 | 2.68 | 2.97 | 3.41 | 3.85 | 0.47 | 1.01 |
| Others Liabilities ⓘ | 3.92 | 3.91 | 3.91 | 3.89 | 23.06 | 28.37 | 23.83 | 25.29 | 29.73 | 36.05 |
| Total Liabilities ⓘ | 7.26 | 6.17 | 6.14 | 6.13 | 64.85 | 69.15 | 65.44 | 68.51 | 63.34 | 72.50 |
Fixed Assets | ||||||||||
| Gross Block | 10.58 | 2.96 | 2.96 | 2.96 | 58.02 | 58.02 | 58.02 | 58.46 | 54.77 | 35.39 |
| Accumulated Depreciation | 8.09 | 1.57 | 1.64 | 1.70 | 0.01 | 0.01 | 0.02 | 0.04 | 0.08 | 0.27 |
| Net Fixed Assetsⓘ | 2.49 | 1.39 | 1.33 | 1.26 | 58.01 | 58.01 | 58.01 | 58.42 | 54.70 | 35.12 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 0.24 | 0.24 | 0.24 | 0.24 | 0.80 | 0.44 | 0.19 | 0.19 | 0.17 | 0.52 |
| Inventories | 0.95 | 0.95 | 0.95 | 0.95 | 1.37 | 1.70 | 1.51 | 2.41 | 1.37 | 3.79 |
| Trade Receivables | 1.51 | 1.51 | 1.51 | 1.50 | 1.50 | 1.51 | 1.78 | 2.52 | 1.85 | 4.67 |
| Cash Equivalents | 0.15 | 0.16 | 0.19 | 0.29 | 0.04 | 3.72 | 0.02 | 0.05 | 0.27 | 0.18 |
| Others Assetsⓘ | 1.92 | 1.93 | 1.93 | 1.89 | 3.13 | 3.77 | 3.93 | 4.92 | 4.99 | 28.23 |
| Total Assets ⓘ | 7.26 | 6.17 | 6.14 | 6.13 | 64.85 | 69.15 | 65.44 | 68.51 | 63.34 | 72.50 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -0.31 | -0.40 | -0.43 | -0.72 | -4.39 | -1.63 | -0.56 | -0.11 | -2.79 | -9.56 |
| PBT ⓘ | -1.44 | -0.48 | -0.50 | -0.61 | -0.75 | -0.95 | 0.39 | 0.98 | -3.93 | -2.78 |
| Adjustment ⓘ | 0.28 | 0.07 | 0.06 | 0.06 | 0.10 | 0 | 0.01 | 0.20 | 2.78 | 0.48 |
| Changes in Working Capital ⓘ | 0.85 | 0.01 | 0 | -0.17 | -3.74 | -0.69 | -0.96 | -0.91 | -1.65 | -7.2 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.05 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | 0 | 0 | 3.98 | -0.01 | -0.01 | -0.04 | 2.81 | 4.39 |
| Capex | 0 | 0 | 0 | 0 | 3.98 | -0.01 | 0 | -0.43 | 3.68 | 6.53 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | -0.01 | 0.39 | 0.53 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.40 | -2.14 |
| Cash Flow From Financing Activityⓘ | 0.33 | 0.41 | 0.47 | 0.83 | 0.15 | 5.32 | -3.14 | 0.18 | 0.20 | 4.99 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.01 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.09 | -0.02 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.01 | -0.07 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0.33 | 0.41 | 0.47 | 0.83 | 0.15 | 5.32 | -3.14 | 0.18 | 0.11 | -4.93 |
| Net Cash Flow ⓘ | 0.02 | 0.01 | 0.03 | 0.10 | -0.25 | 3.68 | -3.70 | 0.03 | 0.22 | -0.18 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | N/A | N/A | 0 | 0 | 0 | 0 | 0 | -8.99 |
| ROCE (%) | N/A | N/A | N/A | N/A | 0 | 0 | 0 | 0 | -66.65 | -7.32 |
| Asset Turnover Ratio | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0.06 | 0.05 | 0.11 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | -1.44 | -0.11 | N/A | N/A | Working Capital Days |
| Receivable Days | 0 | 0 | 0 | 0 | 0 | 1,386 | 654 | 185 | 231 | 166 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 1,413 | 636 | 168 | 199 | 131 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 2,443 | 1,784 | 706 | 302 | 46 |
TCM Limited formerly the Travancore Chemical & Manufacturing Co. Ltd. (TCM) made its debut in 1943 at Kundra in Kerala as a manufacturer of Potassium Chlorate – a vital raw material for the match Industry. In course of time the company diversified into a number of chemicals and established factories at Kalamassery in Kerala.
The company enjoys a premium quality image among its customers and has a proven track record as a reliable supplier. Most of company’s products and processes have been developed by In-house R & D effort and TCM has a competent team of qualified technical and managerial personal. The company employs over 900 people at its four factories in South India.
TCM’s presence in the nation’s activites ranges from Agriculture to Nuclear energy, from Space Science to common man’s Safety Match, from high profile TV industry to a host of industrial clientele.
Product range of the company includes:
The company has been the manufacturers and suppliers of India's best copper sulphate and other industrial chemicals like;
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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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