Titagarh Steels Ltd - Stock Valuation and Financial Performance

Name: Titagarh Steels
Brand: Titagarh Steels

BSE: 500416 | NSE: TITAGRSTEL | Castings/Forgings | Small Cap

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Titagarh Steels stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

0.00

Market Cap:

15.9 Cr.

52-wk low:

52-wk high:

12.3

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2. Is undervalued or overvalued?

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10 Year X-Ray of Titagarh Steels:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'00	Mar'01	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	TTM
ROCE % ⓘ	1.4%	0.7%	-0.7%	-0.8%	-0.8%	-0.4%	1.5%	18.3%	7.7%	-7.2%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	33.7	41.6	28.1	26.4	31.3	48.6	50.3	74.2	81	90.2	78
Sales YoY Gr.	-	23.4%	-32.4%	-6.1%	18.5%	55.6%	3.3%	47.6%	9.3%	11.3%	-
Adj EPS ⓘ	1.6	-0.1	-4.6	-5.1	-5.6	-2.5	2.4	2.8	0.3	-3.1	-4.6
YoY Gr.	-	-108.6%	NA	NA	NA	NA	NA	15.5%	-90.2%	-1255.6%	-
BVPS (₹) ⓘ	58.6	58.5	45.9	40.8	33.1	32.1	3.2	8.2	8.5	4.3	5.1
Adj Net Profit ⓘ	2	-0.2	-5.7	-6.3	-7	-3.1	2.1	3.7	0.4	-4.1	-6
Cash Flow from Ops. ⓘ	6.5	3.9	-11.8	6.7	2.1	2.1	8.9	5	5.2	4.6	-
Debt/CF from Ops. ⓘ	42.5	85.6	-29.1	51.6	162.3	161.3	2	2.6	2	2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	11.6%	23.6%	21.5%	11.3%
Adj EPS ⓘ	-207.6%	NA	-209.3%	-1255.6%
BVPSⓘ	-25.1%	-33.4%	11%	-49%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'00	Mar'01	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	TTM
Return on Equity % ⓘ	2.7	-0.2	-8.8	-11.8	-15.3	-7.6	8.8	39.9	3.3	-27	-97.8
Op. Profit Mgn % ⓘ	15.5	11.5	-37.5	-2	-3.1	-2.3	4.7	6.7	6	-2.8	5.5
Net Profit Mgn % ⓘ	6	-0.4	-20.3	-24	-22.3	-6.3	4.1	4.9	0.5	-4.6	-7.8
Debt to Equity ⓘ	3.8	4.6	6.1	6.9	8.3	8.4	6.3	1.2	0.9	1.6	-
Working Cap Days ⓘ	552	441	566	491	366	209	167	114	152	160	0
Cash Conv. Cycle ⓘ	286	239	355	331	263	151	106	69	91	94	0

Recent Performance Summary

No data to display

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

Sales growth has been subdued in last 3 years %

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

Latest Financials - Titagarh Steels Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-4.6	-
TTM Sales (₹ Cr.)	78.2	-
BVPS (₹.) ⓘ	5.1	-
Reserves (₹ Cr.) ⓘ	-7	-
P/BV ⓘ	2.37	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	12.00 / 12.30
All Time Low / High (₹)	0.45 / 84.00
Market Cap (₹ Cr.)	15.9
Equity (₹ Cr.)	13.2
Face Value (₹)	10
Industry PE ⓘ	35.2

Management X-Ray of Titagarh Steels:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Titagarh Steels

Analyst's Notes

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Key Ratios of Titagarh Steels

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'00	Mar'01	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09
Sales	33.67	41.56	28.08	26.37	31.26	48.63	50.25	74.15	81.03	90.17
Operating Expenses ⓘ	32.13	36.78	38.60	26.90	32.22	49.74	47.89	69.17	76.16	92.71
Manufacturing Costs	12.54	12.10	11.25	8.99	11.41	13.88	14.63	21.79	23.21	27.89
Material Costs	10.80	20.18	12.74	13.64	16.02	28.13	27.90	41.03	44.85	50.25
Employee Cost	2.40	2.39	2.42	2.21	2.48	2.82	3.50	4.27	4.58	4.49
Other Costs ⓘ	6.39	2.11	12.19	2.05	2.31	4.91	1.86	2.09	3.51	10.08
Operating Profit ⓘ	1.54	4.78	-10.52	-0.53	-0.97	-1.11	2.36	4.98	4.88	-2.55
Operating Profit Margin (%)	4.6%	11.5%	-37.5%	-2.0%	-3.1%	-2.3%	4.7%	6.7%	6.0%	-2.8%
Other Income ⓘ	4.89	0.83	10.72	0.20	0.86	1.91	0.06	0.81	0.67	0.43
Interest ⓘ	4	3.90	4.23	4.65	5.51	2.17	1.41	1.21	2	3.32
Depreciation ⓘ	2.87	1.85	1.56	1.35	1.13	0.94	0.87	0.87	0.74	0.73
Exceptional Items ⓘ	0	0	0	0	0	1.36	6.51	-0.11	0	-1.97
Profit Before Tax ⓘ	-0.44	-0.15	-5.58	-6.33	-6.75	-0.94	6.65	3.60	2.81	-8.13
Tax ⓘ	0	0	0	0	0	0	0.03	0.03	2.44	-2.63
Profit After Tax	-0.44	-0.15	-5.58	-6.33	-6.75	-0.94	6.62	3.57	0.36	-5.51
PAT Margin (%)	-1.3%	-0.4%	-19.9%	-24.0%	-21.6%	-1.9%	13.2%	4.8%	0.4%	-6.1%
Adjusted EPS (₹)	-0.4	-0.1	-4.5	-5.1	-5.5	-0.8	7.7	2.7	0.3	-4.2
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'00	Mar'01	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09
Equity and Liabilities
Shareholders Fund	73.18	72.68	56.91	50.42	40.88	39.73	2.78	10.92	11.28	19.23
Share Capital ⓘ	12.36	12.36	12.36	12.36	12.36	12.36	8.68	13.26	13.26	13.26
Reserves ⓘ	60.82	60.32	44.55	38.06	28.52	27.37	-5.90	-2.33	-1.97	5.98
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	277.73	329.29	343.85	347.62	339.33	335.48	17.51	13.28	10.33	9.15
Long Term Debt	277.73	329.29	343.85	347.62	339.33	335.48	17.51	13.28	10.33	9.15
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	4.38	5.75	5.54	5.73	4.94	6.11	6.10	5.30	5.04	6.30
Others Liabilities ⓘ	11.03	13.08	1.12	0.95	2.05	2.82	8.52	13.54	31.88	31.95
Total Liabilities ⓘ	366.33	420.80	407.43	404.73	387.20	384.14	34.91	43.05	58.54	66.62
Fixed Assets
Gross Block	87.77	87.75	87.78	87.85	86.22	85.66	33.59	33.72	34.23	48.21
Accumulated Depreciation	27.19	29.01	30.61	31.99	33	33.88	27.83	28.70	29.44	30.17
Net Fixed Assetsⓘ	60.58	58.74	57.18	55.87	53.22	51.79	5.76	5.01	4.79	18.04
CWIP ⓘ	243.19	299.89	302.82	305.50	298.40	298.43	0	0	0	0
Investmentsⓘ	3.59	3.54	3.54	3.39	1.30	1.29	5.74	5.68	5.68	5.68
Inventories	21.08	20.13	20.10	16.88	17.16	16.57	13.30	16.98	19.45	21.66
Trade Receivables	15.35	19.30	16.65	16.26	13.84	12.44	6.72	10.04	13.56	11.52
Cash Equivalents	0.94	0.21	0.18	1.32	0.32	1.96	0.66	0.89	0.90	0.64
Others Assetsⓘ	21.59	18.99	6.95	5.51	2.94	1.67	2.72	4.45	14.15	9.08
Total Assets ⓘ	366.33	420.80	407.43	404.73	387.20	384.14	34.91	43.05	58.54	66.62

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'00	Mar'01	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09
Cash Flow From Operating Activity ⓘ	6.53	3.85	-11.82	6.74	2.09	2.08	8.88	5.03	5.16	4.63
PBT ⓘ	-0.44	-0.15	-5.58	-6.33	-6.75	-2.30	0.14	3.60	2.96	-6.03
Adjustment ⓘ	2.84	5.52	-4.36	5.98	12.32	1.41	2.55	1.83	3.24	4.20
Changes in Working Capital ⓘ	7.87	2.74	2.3	7.11	-3.56	5.2	9.31	-0.36	-0.27	9.11
Tax Paid ⓘ	0.39	0.03	0	-0.01	-0.04	0	-0.02	-0.04	-0.04	-0.55
Cash Flow From Investing Activity ⓘ	-41.79	-56.15	-2.74	-2.55	2.23	2.19	-1.45	-0.03	-0.47	-0.46
Capex	-46.18	-56.72	-2.75	-2.71	1.76	1.83	-0.63	-0.12	-0.51	-0.53
Net Investments	3.82	0.09	0	0.15	0.15	0.31	0	0.06	0	0
Others ⓘ	0.57	0.48	0.01	0.01	0.32	0.05	-0.82	0.03	0.04	0.07
Cash Flow From Financing Activityⓘ	35.95	51.58	14.52	-3.05	-5.31	-2.63	-8.72	-4.76	-4.68	-4.43
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0.01	0	0	0
Net Proceeds from Borrowing ⓘ	35.95	51.58	14.52	1.60	0	-3.86	-14.94	1.32	-2.14	0
Interest Paid ⓘ	0	0	0	-4.65	-2.47	0	-1.41	-1.21	-2	-3.32
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	0	0	-2.84	1.23	7.63	-4.87	-0.54	-1.11
Net Cash Flow ⓘ	0.69	-0.72	-0.03	1.14	-0.99	1.63	-1.29	0.23	0.01	-0.27

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'00	Mar'01	Mar'02	Mar'03	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09
Ratios
ROE (%)	-0.59	-0.21	-8.65	-11.81	-14.79	-2.33	31.17	52.42	3.28	-64.89
ROCE (%)	1.07	1	-0.34	-0.42	-0.32	0.33	4.03	19.59	20.98	-26.34
Asset Turnover Ratio	0.11	0.12	0.08	0.08	0.09	0.15	0.28	2.22	1.85	1.63
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	N/A	1.34	1.41	14.33	N/A
Working Capital Days
Receivable Days	155	132	200	196	152	85	60	35	46	45
Inventory Days	196	157	224	221	172	109	93	64	71	74
Payable Days	177	92	162	151	122	72	80	51	42	41

Titagarh Steels Ltd Stock News

Titagarh Steels Ltd FAQs

What is the share price of Titagarh Steels?

Company share prices are keep on changing according to the market conditions. The closing price of Titagarh Steels on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Titagarh Steels?

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 01-Jan-1970 05:30 the market cap of Titagarh Steels stood at ₹15.89.

What is the P/E ratio of Titagarh Steels?

The latest P/E ratio of Titagarh Steels as of 01-Jan-1970 05:30 is 0.00.

What is the P/B ratio of Titagarh Steels?

The latest P/B ratio of Titagarh Steels as of 01-Jan-1970 05:30 is 2.37.

What is the 52-week high and low of Titagarh Steels?

The 52-week high of Titagarh Steels is ₹12.30 and the 52-week low is ₹12.00.

What is the TTM revenue of Titagarh Steels?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Titagarh Steels is ₹78.18 ( Cr.) .

About Titagarh Steels Ltd

Titagarh Steels Ltd.(TSL) formerly the Titagarh Industries Ltd. was incorporated on August 17, 1981 as a company with limited liability and commenced business by taking over the Steel Foundry Division of Britannia Engineering Company Limited (in liquidation). Post modernization of the facilities TSL commenced commercial production with initial capacity of 4800 M.T. per annum which was soon enhanced to 15000 M.T.

Promoted by J P Chowdhary, an Industrialist with vast experience of 45 years in the Industry, TSL is managed by a Board of Directors comprising eminent professionals and the day to day affairs of the company are looked after by J P Chowdhary, Chairman & Managing Director assisted by a team of dedicated personnel.

Titagarh Steels Limited (TSL) is a manufacturer of value added alloy steel castings used as critical components for Railway Wagons and other heavy engineering products.

TSL owns a modern steel foundry spread over 9.16 Acres of land situated at Titagarh, District North 24 Parganas in the State of West Bengal strategically located about 20 K.M. from the city of Kolkata and is primarily engaged in the business of ferrous and non-ferrous metals for the manufacture of general and special castings including bogies, couplers, centre buffer couplers, crossings and other steel castings.

The foundry at Titagarh granted Class â€œAâ€ Foundry status by Research and Development Standard Organisation, Ministry of Railways, Government of India (RDSO) has an installed processing capacity of 15000 M.T. of steel castings per annum, employing Green Sand Moulding technology and is equipped with two Arc Furnaces of 5 M.T. each heat for melting resulting in about 100 M.T. of liquid metal tapped per day.

Product range of the company includes:

The company is a manufacturer of Value Added Alloy Steel Castings