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Triton Valves Ltd. Stock Analysis

Small Cap
Evaluated by 232 users | BSE: 505978 | NSE: |
Engineering - Industrial Equipments
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 9.88%5.66%6.35%8.46%11.51%10.05%10.34%7.97%5.66%6.49%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 125144144161170165187221243214
Y-o-Y Gr. Rt.-15.4%0.4%11.2%5.5%-2.4%13%18.2%9.9%-11.9%
Adjusted EPS (Rs.) 60.5521.4319.5439.8773.1672.9987.0763.8935.7348.66
Y-o-Y Gr. Rt.--64.6%-8.8%104%83.5%-0.2%19.3%-26.6%-44.1%36.2%
Book Value per Share (Rs.) 437.66450.46464.75484.82520.8576.84664.86713.93730.85749.86
Adjusted Net Profit 62.11.947.27.28.66.33.55
Net Op. Cash Flow (Rs. Cr.) 3.410.217.416.620.912.823.118.315.528.8
Debt to Cash Flow from Ops 14.656.853.783.512.34.412.373.013.531.51
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Triton Valves Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 6.2%4.7%4.6%-11.9%
Adjusted EPS -2.4%-7.8%-17.6%36.2%
Book Value per Share 6.27.64.12.6
Share Price 3.9% -4.8% -23.5% -22.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 14.944.834.278.414.5513.314.029.274.956.69
Operating Profit Margin (%) 12.289.3910.9912.2414.1613.1113.4910.748.0410.3
Net Profit Margin (%) 4.811.471.342.464.274.374.612.871.462.35
Debt to Equity 1.161.561.431.210.930.990.830.780.760.56
Working Capital Days 145155150131123129119125123142
Cash Conversion Cycle 98999989869586777575
Entity Percentage Holding
Promoters 52.40%
Non-Institutions 47.60%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Triton Valves Ltd.'s performance infers:

Triton Valves Ltd. earnings have declined by -7.8%, whereas share price has depreciated -4.8% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Triton Valves Ltd. share prices over the last 10 years. Here is what we found out:

Triton Valves Ltd. share price has depreciated -2.4% annually over the past ten years.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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