Triton Valves Ltd Stock Analysis

BSE: 505978 | NSE: | Engineering - Industrial Equipments | Small Cap

BSE Share Price 02-Dec-2022 18:01
1875.20 -42.25 (-2.20%)

DeciZen - Make an Informed Decision on Triton Valves

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Triton Valves Price Chart

P/E Ratio (SA) :
56.64
Market Cap :
195 Cr.
52-wk low :
1,035
52-wk high :
1,940
Bole Toh?

1. Is Triton Valves Ltd a good quality company?

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

2. Is Triton Valves Ltd undervalued or overvalued?

The key valuation ratios of Triton Valves Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Triton Valves Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Triton Valves Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Triton Valves:

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.
Triton Valves 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 6.4%8.5%11.5%10.1%10.3%8%5.7%6.5%8.2%3.7%-
Value Creation Index -0.6-0.4-0.2-0.3-0.3-0.4-0.6-0.5-0.4-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 144161170165187221243214233295338
YoY Gr. Rt. %-11.2%5.5%-2.4%13%18.2%9.9%-11.9%9.3%26.3%-
Adj EPS 19.539.973.27387.163.935.748.783.416.333.1
YoY Gr. Rt. %-104%83.5%-0.2%19.3%-26.6%-44.1%36.2%71.4%-80.5%-
BVPS (₹) 464.8484.8520.8576.8664.9713.9730.9749.9841.4838.8845.1
Adj Net Profit 1.947.27.28.66.33.558.61.73
Cash Flow from Ops. 17.416.620.912.823.118.315.528.81.8-6.2-
Debt/CF from Ops. 3.83.52.34.42.433.51.535-11.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.3%9.5%6.7%26.3%
Adj EPS -2%-28.5%-23.1%-80.5%
BVPS 6.84.84.7-0.3
Share Price 15.7% -0.5% 28.1% 30.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 4.38.414.613.3149.356.710.51.93.9
Op. Profit Mgn % 1112.214.213.113.510.7810.39.54.84.3
Net Profit Mgn % 1.32.54.34.44.62.91.52.43.70.61
Debt to Equity 1.41.20.910.80.80.80.60.70.80.1
Working Cap Days 150131123129119125123142161176120
Cash Conv. Cycle 998986958677757561560

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.82

Sales growth is good in last 4 quarters at 22.01%

Return on Equity has declined versus last 3 years average to 3.90%

Sales growth has been subdued in last 3 years 6.72%

Latest Financials - Triton Valves Ltd.

Standalone Consolidated
TTM EPS (₹) 33.1 -3.4
TTM Sales (₹ Cr.) 338 349
BVPS (₹.) 845.1 754.8
Reserves (₹ Cr.) 87 77
P/BV 2.22 2.48
PE 56.64 0.00
From the Market
52 Week Low / High (₹) 1035.00 / 1940.00
All Time Low / High (₹) 93.67 / 2794.90
Market Cap (₹ Cr.) 195
Equity (₹ Cr.) 1
Face Value (₹) 10
Industry PE 22.3

Management X-Ray of Triton Valves :

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 Triton Valves

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Triton Valves Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Triton Valves on 02-Dec-2022 18:01 is : 1,875.2.
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 02-Dec-2022 18:01 the market cap of Triton Valves stood at ₹ 195.0.
The latest PE ratio of Triton Valves as of 02-Dec-2022 18:01 is 56.64.
The latest PB ratio of Triton Valves as of 02-Dec-2022 18:01 is 2.22
The 52-week high of Triton Valves is ₹ 1,940 and the 52-week low is ₹ 1,035.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Triton Valves is ₹ 338.4 ( Cr.) .

About Triton Valves Ltd

Triton Valves Ltd was incorporated in 1976 by M.V. Gokarn. Gokarn was a technocrat entrepreneur with a vision. His vision was to establish world-class manufacturing in India, not just for tyre valves but for a wide range of industrial and automotive products.

Triton was established in technical collaboration with Pingeot Bardin SA a leading manufacturer of automotive tyre valves in France. Critical manufacturing technology was transferred to Triton during the five year collaboration with Pingeot Bardin.

It is India’s largest manufacturer of automotive tyre tube valves, valve cores and accessories. For over three decades they have been developing and manufacturing high precision products to meet the diverse requirements of their customers around the world.

The manufacturing facility of the company was setup on a 14 acre plot in Mysore, 140 km from Bangalore in Southern India. Equipment was imported from Europe and a young dedicated team of engineers was formed.

Commercial production of the company commenced in 1978 with an annual capacity of 3 million valves and 4 million valve cores. Triton quickly established a reputation for its quality and customer service and emerged as a strong player in the tyre valve market in India.

The company plunged into a crisis with the untimely demise of Gokarn in 1986. However the management team rose to the challenge under the leadership of Mrs. Gokarn and soon Triton emerged as the market leader in India.

Today Triton has many significant achievements to its credit. It is the market leader in India with over 60% market share, the first in the industry to acquire the QS 9000 and the ISO/TS 16949 certifications; it has the most modern manufacturing facility in India and is also the fastest growing company in the industry.

Produc range of the company includes:

  • Valvas
  • Cores
  • Service Tools
  • Adapters & Plugs
  • Accessories

Clientele:

The company’s reputation for quality, delivery and customer service has earned them the trust of their Original Equipment customers such as Apollo Tyres, Bridgestone India, Ceat Tyres, JK tyres, MRF Tyres, Mahindra & Mahindra, Tata Motors, TVS-Srichakra Tyres and Wheels India.

Milestones:

  • 1976 - Incorporation of the company
  • 1978 - Commencement of commercial production with technical collaboration from Pingeot Bardin SA of France
  • 1992 - Triton emerges as the market leader in India
  • 1996 - Certified for ISO 9002
  • 2000 - Certified for QS 9000
  • 2004 - Certified for ISOTS:16949
  • 2007 - Large scale capaity expansion

Achievements/ recognition:

  • 1996 - Certified for ISO 9002
  • 2000 - Certified for QS 9000
  • 2004 - Certified for ISOTS: 16949
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