Tantia Constructions Ltd - Stock Valuation and Financial Performance

BSE: 532738 | NSE: TCLCONS | Engineering - Construction | Small Cap

Tantia Constructions Share Price

34.25 0.67 2.00%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Tantia Constructions

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Tantia Constructions stock performance -

mw4me loader
P/E Ratio (SA):
8.36
Market Cap:
530.9 Cr.
52-wk low:
8.9
52-wk high:
49.2

Is Tantia Constructions Ltd an attractive stock to invest in?

1. Is Tantia Constructions Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Tantia Constructions Ltd is a below average quality company.

2. Is Tantia Constructions Ltd undervalued or overvalued?

The key valuation ratios of Tantia Constructions Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Tantia Constructions Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tantia Constructions 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 Tantia Constructions:

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.
Tantia Constructions Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.1%-0.1%2%1.2%5%-15.6%13.5%16.7%13.1%13.7%-
Value Creation
Index
-0.4-1.0-0.9-0.9-0.6NA0.00.2-0.10.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 74652340628520521713610210093.973
Sales YoY Gr.--29.9%-22.4%-29.7%-28%5.5%-37.2%-25.1%-1.6%-6.5%-
Adj EPS 3.6-35.7-16.1-17.8-0.4-57.322.114.413.115.84.1
YoY Gr.--1100.8%NANANANANA-34.7%-9.1%20.2%-
BVPS (₹) 102.571.455.942.542.4-14.856.57487.3103.122.3
Adj Net
Profit
6.7-67.3-30.3-51-1.2-16563.641.537.745.3636
Cash Flow from Ops. 19.2-32.320.4-29.571-34.882653.4-4.32.9-
Debt/CF from Ops. 39.8-26.343.9-24.310.5-23.10.11.3-15.523.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -20.6%-14.5%-11.7%-6.5%
Adj EPS 18%NA-10.7%20.2%
BVPS0.1%19.5%22.2%18.1%
Share Price 7.9% 58% 130.7% 266.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
3.5-40.2-25-44.5-1-413106.122.116.316.66.5
Op. Profit
Mgn %
148.511.36.5-1.2-60.6-12.47.1-1.8-11.5-0.6
Net Profit
Mgn %
0.9-12.9-7.5-17.9-0.6-75.946.740.737.648.3870.9
Debt to
Equity
46.38.55.96.1-18.90.40.30.30.2-
Working Cap
Days
4346868991,2771,7171,5341,4056867007141,247
Cash Conv.
Cycle
14825034949566351835826826128945

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 6.50%

Sales growth has been subdued in last 3 years -11.67%

Net Profit has been subdued in last 3 years -10.65%

Sales growth is not so good in last 4 quarters at -25.59%

Latest Financials - Tantia Constructions Ltd.

Standalone Consolidated
TTM EPS (₹) 4.1 0.6
TTM Sales (₹ Cr.) 73 73
BVPS (₹.) 22.3 17
Reserves (₹ Cr.) 330 247
P/BV 1.54 2.02
PE 8.36 57.52
From the Market
52 Week Low / High (₹) 8.85 / 49.18
All Time Low / High (₹) 0.90 / 309.70
Market Cap (₹ Cr.) 531
Equity (₹ Cr.) 155
Face Value (₹) 1
Industry PE 43.2

Management X-Ray of Tantia Constructions:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *52.6552.6552.6552.6552.6552.6552.65100.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Tantia Constructions

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
Sales74652340628520521713610210094
Operating Expenses 64147936027020834815395102105
Manufacturing Costs398280211132109125104796155
Material Costs18914910897671813002326
Employee Cost 2018161715127565
Other Costs 35322524173011101318
Operating Profit 105444615-2-131-177-2-11
Operating Profit Margin (%) 14.0%8.5%11.3%5.3%-1.2%-60.6%-12.4%6.4%-1.8%-11.5%
Other Income 712538353641496079
Interest 9795728862545222
Depreciation 1321129776544
Exceptional Items 0000002011300
Profit Before Tax 2-60-33-45-37-156215625262
Tax -51-36-36910121417
Profit After Tax 7-61-30-51-1-165205503845
PAT Margin (%) 0.9%-11.7%-7.5%-17.8%-0.3%-75.9%150.2%49.4%38.2%48.3%
Adjusted EPS (₹)3.6-32.5-16.1-17.6-0.2-57.371.217.513.315.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 198137106123122-43162213251296
Share Capital 19191929292929292929
Reserves 179118889493-71134184222268
Minority Interest0000000000
Debt66476077665164757745454545
Long Term Debt15929527717514200000
Short Term Debt50546549947550657745454545
Trade Payables17591109101941291319119
Others Liabilities 172172203352356483144164175185
Total Liabilities 1,2091,1601,1951,2271,2191,147364440481535

Fixed Assets

Gross Block18414014147515454544645
Accumulated Depreciation7679909162228333334
Net Fixed Assets108625138353126211311
CWIP 0000300001
Investments 688686177207240146192246309
Inventories2402422432362398718272224
Trade Receivables28824628025022221577646361
Cash Equivalents 3432343515127303534
Others Assets4724915004904975619010710395
Total Assets 1,2091,1601,1951,2271,2191,147364440481535

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 19-3220-2971-3582653-43
PBT 1-61-33-45-37-156215625262
Adjustment 1029677673323-103-54-52-60
Changes in Working Capital -69-68-15-58649251526-121
Tax Paid -151-96116-3670
Cash Flow From Investing Activity 617-18646-38-34
Capex -534-20-60000-2
Net Investments -1-18-141034-40-54
Others 11224312222
Cash Flow From Financing Activity -2113-1926-8730-833-10-2
Net Proceeds from Shares 00021000000
Net Proceeds from Borrowing 601251131-66-13-204000
Interest Paid -85-72-65-39-51-28-96-10-2
Dividend Paid 0000000000
Others 3-4034133071-533000
Net Cash Flow 3-215-90-114-85
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)3.52-37.35-25.34-44.57-0.57N/A341.5926.8516.5316.57
ROCE (%)10.733.583.914.783.04N/A44.3225.1118.218.78
Asset Turnover Ratio0.680.440.340.240.170.180.180.250.220.18
PAT to CFO Conversion(x)2.71N/AN/AN/AN/AN/A4.031.06-0.110.07
Working Capital Days
Receivable Days110186237339419369392253230240
Inventory Days110168218307423275141818889
Payable Days2333283403975322248530240142

Tantia Constructions Ltd Stock News

Tantia Constructions Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tantia Constructions on 28-Mar-2024 16:01 is ₹34.25.
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 Tantia Constructions stood at ₹530.9.
The latest P/E ratio of Tantia Constructions as of 28-Mar-2024 16:01 is 8.36.
The latest P/B ratio of Tantia Constructions as of 28-Mar-2024 16:01 is 1.54.
The 52-week high of Tantia Constructions is ₹49.18 and the 52-week low is ₹8.85.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tantia Constructions is ₹72.97 ( Cr.) .

About Tantia Constructions Ltd

Tantia Constructions Company was set up in 1964 by the Late G.P. Tantia to strengthen India’s railway infrastructure. It was one of the first Indian companies to be accredited for ISO 9001:2000 from DNV, the Netherlands in 2001.

For decades, eastern India was dismissed as remote and under-invested. This picture is rapidly changing. With fresh investments being made in the development of roads, railways and airports.

The company entered advanced mechanised road construction in compliance with specifications set by the Ministry of Surface Transport in 1990. Since then, TCL has built roadways in iverse terrains – the hills of Mizoram, coastal areas of Kerala, plains of Punjab and the hard plateau of Karnataka – on schedule.

Tantia established its credentials in the field of construction, widening, conversion, maintenance, strengthening and beautification of roadways, road bridges, highways and flyovers. The company's expertise in the maintenance of road infrastructure will translate into complete solutions for the benefit of the client, community and country.

Extensive knowledge of the local terrain and culture, together with prior experience of undertaking projects on a pan-India basis, will result in nationwide road building opportunities.

The one company that is helping to make this a vibrant reality is Tantia Constructions Limited. A core infrastructure company. A pioneer in creating infrastructure in Eastern India. Enjoying a wide and deep footprint across the region.

In 2011 Tantia Constructions has received a project from Eastern Railway, Construction Department, Kolkata and a project from Bharat Heavy Electricals Ltd., Noida

In 2012 Tantia Constructions received a project from South Eastern Railway, Kolkata.

The alliance partners of the company are:

  • TSO, France
  • Road Builder Sdn Berhad Malaysia, Malaysia
  • IVRCL Infrastructure and Projects Limited, India
  • Ramky Infrastructures Limited, India
  • BSBK Limited, India
  • Soma Enterprise Limited, India
  • Basic Engineering Limited, Bangladesh
  • OTBL, Bangladesh

Business area of the company:

  • Roads and highways
  • Railway infrastructure
  • Urban infrastructure
  • Aviation infrastructure
  • Marine infrastructure
  • Power transmission 

Clientele:

  • Eastern Railway
  • East Central Railway
  • Western Railway 
  • North Eastern Railway
  • South Eastern Railway
  • North East Frontier Railway
  •  Kolkata Metro Railway
  •  IRCON International Ltd.
  • RITES
  • National Highway Authority of India (NHAI)
  • HRBC
  • HIDCO
  • NEEPCO and many more.

Achievements/ recognition:

  • ISO 9001:2000 from DNV, the Netherlands in 2001
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