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Thaai Casting Ltd (TCL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: TCL Castings/Forgings | Small Cap | Thaai Casting Share Price

BSE Share Price
Not Listed

Thaai Casting Ltd (TCL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: TCL Castings/Forgings | Small Cap | Thaai Casting Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹236 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹4.2
TTM Sales
₹123 Cr.
Book Value per Share
₹35
P/E Ratio
22.95
Higher than its 5-year historical median
Industry PE
42.2
Price to Book (P/B)
2.77
Lower than its 5-year historical median
Price to Sales (P/S)
1.92
Lower than its 5-year historical median
EV/EBITDA
10.63
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
15.02%
Outperforms industry median
Return on Capital Employed (ROCE)
14.87%
Outperforms industry median
Return on Assets (ROA)
7.36%
Operating Profit Margin
23.6%
Net Profit Margin
11.02%
Gross Profit Margin
20.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
50.1%
Operating Profit Growth (1 Year)
-
27.45%
Net Profit Growth (1 Year)
-
10.04%
Asset Quality
Promoter Holding
60.41%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹61 Cr.
Equity
₹24.3 Cr.
Face Value
₹10
All Time Low / High
- / -

Thaai Casting stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Thaai Casting Ltd a good quality company?
Thaai Casting Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Thaai Casting Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Thaai Casting Ltd vs industry peers?
Thaai Casting Ltd revenue CAGR is %, compared to the industry median CAGR of 16.32%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Thaai Casting Ltd?
Promoters hold 60.41% of the Thaai Casting Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Thaai Casting Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -2.28% based on the current price.
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10 Year X-Ray : Login to view analysis.

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

Value Creation ⓘ

Mar'24Mar'25TTM
ROCE % ⓘ14.7%14.9%-
Value Creation
Index ⓘ		0.10.1-

Growth Parameters ⓘ
Sales ⓘ71107123
Sales YoY Gr.-50.1%-
Adj EPS ⓘ4.64.94.2
YoY Gr.-6.3%-
BVPS (₹) ⓘ31.236.335
Adj Net
Profit ⓘ		10.711.410
Cash Flow from Ops. ⓘ-25.410.6-
Debt/CF from Ops. ⓘ-1.87.2-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANANA50.1%
Adj EPS ⓘNANANA6.3%
BVPSⓘNANANA16.3%
Share Price - - - 3.1%

Key Financial Parameters ⓘ

Mar'24Mar'25TTM
Return on
Equity % ⓘ		14.914.611.8
Op. Profit
Mgn % ⓘ		27.823.6NAN
Net Profit
Mgn % ⓘ		15.110.78.4
Debt to
Equity ⓘ		0.60.9-
Working Cap
Days ⓘ		02440
Cash Conv.
Cycle ⓘ		01080

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'24Mar'25
Sales71107
Operating Expenses ⓘ + 5181
Manufacturing Costs611
Material Costs3860
Employee Cost 58
Other Costs ⓘ 22
Operating Profit ⓘ 2025
Operating Profit Margin (%) 27.8%23.6%
Other Income ⓘ + 02
Exceptional Items ⓘ 00
Interest ⓘ 35
Depreciation ⓘ 27
Profit Before Tax ⓘ 1415
Tax ⓘ 44
Profit After Tax 1112
PAT Margin (%) 15.0%11.0%
Adjusted EPS (₹)4.65.1
Dividend Payout Ratio (%)0%0%

Valuation of Thaai Casting - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'24Mar'25

Equity and Liabilities

Shareholders Fund + 7284
Share Capital ⓘ 2323
Reserves ⓘ 4961
Debt +4066
Long Term Debt2134
Short Term Debt2033
Minority Interest00
Trade Payables1214
Others Liabilities ⓘ 1217
Total Liabilities ⓘ 137182

Fixed Assets

Net Fixed Assets ⓘ +6185
Gross Block6494
Accumulated Depreciation29
CWIP ⓘ 39
Investments ⓘ 15
Inventories2837
Trade Receivables1220
Cash Equivalents 111
Others Assets ⓘ 2125
Total Assets ⓘ 137182

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'24Mar'25
Cash Flow From Operating Activity ⓘ + -2511
PBT ⓘ 1415
Adjustment ⓘ 511
Changes in Working Capital ⓘ -44-12
Tax Paid ⓘ -2-4
Cash Flow From Investing Activity ⓘ + -68-9
Capex -670
Net Investments -1-4
Others ⓘ -1-5
Cash Flow From Financing Activity ⓘ + 10425
Net Proceeds from Shares ⓘ 00
Net Proceeds from Borrowing ⓘ 2113
Interest Paid ⓘ -3-5
Dividend Paid ⓘ 00
Others ⓘ 8617
Net Cash Flow ⓘ 1127

Financial Ratio

PARTICULARSMar'24Mar'25
Ratios
ROE (%)14.7615.02
ROCE (%)14.7114.87
Asset Turnover Ratio0.520.67
PAT to CFO Conversion(x)-2.270.92
Working Capital Days
Receivable Days61.2054.50
Inventory Days142.30110.60
Payable Days111.5079.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Thaai Casting Ltd FAQs

The current trading price of Thaai Casting on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of Thaai Casting stood at ₹236.0 Cr

The latest P/E ratio of Thaai Casting as of 31-Dec-1969 is 22.95.

The latest P/B ratio of Thaai Casting as of 31-Dec-1969 is 2.77.

The 52-week high of Thaai Casting is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Thaai Casting is ₹123 ( Cr.) .

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

The key valuation ratios of Thaai Casting 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 Semi Strong which suggest that the price of Thaai Casting Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Thaai Casting Ltd

Thaai Casting Limited was originally formed as a Partnership Firm under the Partnership Act, 1932 having Firm Registration Number FR/Chennai South/1102/2010 in the name and style of ‘Thaai Casting’ pursuant to Deed of Partnership dated June 02, 2010. Subsequently its firm was converted from Partnership firm into a public limited company as per the provision of Part I Chapter XXI of the Companies Act, 2013 with the name and style of ‘Thaai Casting Limited’ and received a Certificate of Incorporation from the Registrar of Companies, Tamil-Nadu and Andaman situated at Chennai dated June 12, 2023.

The company is a distinguished automotive ancillary company with IATF 16949:2016 certification, specializing in High-Pressure Die Casting, as well as the precision Machining of both Ferrous and Non-Ferrous materials and Induction heating and quenching. Founded by Sriramulu Anandan, a seasoned professional with extensive expertise in Pressure Die Casting and Machining Processes, its business model is firmly rooted in a B2B approach, catering to leading entities in the automotive components sector. The company’s product portfolio encompasses a diverse range of Automobile components, including Engine Mounting Support Brackets, Transmission Mounts, Fork Shift and Housing, Armature - Steering Wheel, Electrical Connectors, YFG Base Frame (Right-hand drive side/Left-hand drive side), Housing, Top Cover, and more.

In recognition of its commitment to environmental sustainability, it proudly received the MSIL-GREEN Certification from Maruti Suzuki India in 2021. This acknowledgment underscores its dedication to adopting and promoting eco-friendly practices within its operations. In 2022, the company was honoured with prestigious awards from industry leaders such as Hanon and RSB, recognizing its excellence in terms of Best Quality and being a standout Vendor. As it continues to evolve and uphold the highest standards in its manufacturing processes, it remains steadfast in delivering top-notch products and services to its valued clientele in the automotive sector.

Business area of the company

The company is specialised in Pressure Die Casting, precision Machining of both Ferrous and Non-Ferrous materials, Induction heating & quenching. The company is engaged in manufacturing of various auto components including Engine Mounting Support Brackets, Transmission Mounts, Fork Shift and Housing, Armature -Steering Wheel, Electrical Connectors, YFG Base Frame (Right-hand drive side/Left-hand drive side), Housing, Top Cover.

Products of the company

  • Engine mounting support brackets
  • Transmission mounts
  • Armature -steering wheel
  • Electrical connectors
  • YFG Base Frame RHD / LHD
  • Top cover & housing
  • Hanon customer
  • Wika customer 
  • Joint flangs

Awards and accreditations

  • 2011: The Company received the ISO certificate of 9001:2008 for quality management system.
  • 2014: The Company received award from Hyundai Motors for fulfilling the Quality Assurance Compliance.
  • 2019: Company received award from Tokai Rubber Auto Parts for Best Quality, Cost and Delivery.
  • 2019: Company received IATF 16949:2016 certificate for recognized as world-class automotive supplier.
  • 2021: Company received MSIL -GREEN Certification (Maruti Suzuki India Limited) for acknowledge the efforts and achievements of environment-friendly practices and committing to sustainable development.
  • 2022: Company received awards from Hanon and RSB for Best Quality and Best Vandor.
  • 2022: Approved as a key supplier by global OEMs.
  • 2023: Approved vendor of GE renewable through Flender Drives.
  • 2023: Received Best Quality Award from Hanon Systems.
  • 2024: Achieved BIS approval for Pressure Die Cas.
  • 2024: Certified with ISO 45001:2018 & ISO 14001:201.

History and milestones

  • 2010: The Company originally incorporated as partnership firm with name of ‘Thaai Casting’ pursuant to Deed of Partnership dated June 02, 2010.
  • 2021: Expanded to a 9,000 sq.m facility at SIPCOT, Sriperumbudur.
  • 2023: The Company is converted from Partnership Firm to Public Limited Company.
  • 2023: Converted into a Public Limited Company.
  • 2024: Successfully completed IPO & NSE Listing.
  • 2025: Commissioned one of India’s largest Gas Nitriding Furnaces.
  • 2025: Installed Gleason Gear Shaping Machine – among the largest in India.
  • 2025: Expanded order book to Rs 126 crore in auto components and Rs 12 crore in non-auto sectors.

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