Tide Water Oil Company (India) Ltd Stock Analysis

BSE: 590005 | NSE: TIDEWATER | Lubricants | Small Cap

BSE Share Price 27-Jan-2023 18:01
971.95 -16.50 (-1.67%)

DeciZen - Make an Informed Decision on Tide Water Oil Co(I)

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Tide Water Oil Co(I) Price Chart

P/E Ratio ( SA) :
16.20
Market Cap :
1,693.5 Cr.
52-wk low :
972
52-wk high :
1,510
Bole Toh?

1. Is Tide Water Oil Company (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Tide Water Oil Company (India) Ltd is a good quality company.

2. Is Tide Water Oil Company (India) Ltd undervalued or overvalued?

The key valuation ratios of Tide Water Oil Company (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Tide Water Oil Company (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tide Water Oil Company (India) 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 Tide Water Oil Co(I):

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.
Tide Water Oil Company (India) Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 19.6%19.7%14.8%18.1%17%15.3%15.5%17.5%18.6%16.6%-
Value Creation Index 0.40.40.10.30.20.10.10.30.30.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8679189569359621,0741,1931,1271,0511,2481,421
YoY Gr. Rt. %-6%4.1%-2.2%2.8%11.8%11.1%-5.5%-6.7%18.7%-
Adj EPS 37.24239.357.960.957.257.665.572.86560
YoY Gr. Rt. %-12.8%-6.4%47.3%5.2%-6.1%0.6%13.9%11.1%-10.8%-
BVPS (₹) 198.4226.6304345.1369.7385.9380.5395.8414.2395.2388.8
Adj Net Profit 63.371.466.810110497.4100114127113104
Cash Flow from Ops. 31.633.293.413941.210282.212148.279.9-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.1%5.4%1.5%18.7%
Adj EPS 6.4%1.3%4.1%-10.8%
BVPS 81.31.3-4.6
Share Price 9.1% -7% 0.6% -31.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 19.619.714.818.116.915.215.417.318.416.515.3
Op. Profit Mgn % 10.811.39.315.213.811.710.911.813.297.7
Net Profit Mgn % 7.37.8710.810.89.18.410.112.19.17.4
Debt to Equity 00000000000
Working Cap Days 105123119115127202252275280246144
Cash Conv. Cycle 4162624639393435395098

Recent Performance Summary

Sales growth is good in last 4 quarters at 26.21%

Return on Equity has declined versus last 3 years average to 15.30%

Sales growth has been subdued in last 3 years 1.49%

Net Profit has been subdued in last 3 years 4.11%

Latest Financials - Tide Water Oil Company (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 60 70.1
TTM Sales (₹ Cr.) 1,421 1,743
BVPS (₹.) 388.8 422.6
Reserves (₹ Cr.) 674 733
P/BV 2.50 2.32
PE 16.20 14.00
From the Market
52 Week Low / High (₹) 971.95 / 1509.95
All Time Low / High (₹) 42.75 / 3693.75
Market Cap (₹ Cr.) 1,694
Equity (₹ Cr.) 3.5
Face Value (₹) 2
Industry PE 12.1

Management X-Ray of Tide Water Oil Co(I) :

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 Tide Water Oil Co(I)

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

News

Tide Water Oil Company (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tide Water Oil Co(I) on 27-Jan-2023 18:01 is : 972.0.
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 27-Jan-2023 18:01 the market cap of Tide Water Oil Co(I) stood at ₹ 1,693.5.
The latest PE ratio of Tide Water Oil Co(I) as of 27-Jan-2023 18:01 is 16.20.
The latest PB ratio of Tide Water Oil Co(I) as of 27-Jan-2023 18:01 is 2.50
The 52-week high of Tide Water Oil Co(I) is ₹ 1,510 and the 52-week low is ₹ 972.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Tide Water Oil Co(I) is ₹ 1,421 ( Cr.) .

About Tide Water Oil Company (India) Ltd

Tide Water Oil Company, incorporated in 1928, is a part of the multi divisional Andrew Yule group that has diverse interests in Engineering, Electrical, Tea Cultivation, Power Generation, Digital Communication Systems and Lubricants.

Tide Water has been a pioneer of Automotive and Industrial lubricants in India since 1928 and has five plants at Howrah, Oragadam, Turbhe, Silvassa and Faridabad.

Its repertoire of automotive products includes engine oils for trucks, tractors, commercial vehicles, passenger cars and two/three wheelers. It also produces gear oils, transmission oils, coolants and greases for automobiles. For industrial application it manufactures industrial oils, greases and speciality products like metal working fluids, quenching oils and heat transfer oils. Tide Water has tie-ups for manufacture of genuine oils with a number of renowned OEMs in the automotive and industrial equipment segment.

Quality has been key area focus and the company has continued to innovate with high performance products keeping pace with advancements in technology and market needs. It reaches out to its customers through its pan India distribution network with the popular Veedol range of products, widely accepted for their quality and excellence.

The company also has technical collaboration with Nippon Oil Corporation, the No.1 petroleum conglomerate in Japan. Superior quality lubricants under the brand name Eneos are manufactured and marketed in India by Tide Water Oil.Tide Water Oil has a wide range of attractive promotional schemes for its distribution network across the country. It also offers a number of value added support services including training for its distributors’ sales force.

Tide Water Oil Company (India) Ltd has  entered into a commercial agreement with IFT to market and sell IFT`s DiesoLIFTTM 10 in India. Tidewater is a leading manufacturer and marketer of automotive and industrial lubricants in India. Tidewater has five manufacturing facilities in India and a Pan Indian distribution network.

Tidewater sees a primary market for Dieso LIFTTM 10 with power generation set users, tractor operators in the agricultural industry and retail distribution outlets in India.

Product range of the company includes:

  • VEEDOL
  • Automotive Oils-Diesel Engine Oils, Premium Diesel Engine Oils, PCMO & 2 Wheeler oils, Dedicated Engine oils, Gear & Transmission oils, Agri Engine Oils, Coolant, Brake Fluid, ETC.
  • Industrial Oils-General Purpose Machinery Oils, Spindle Oils, Turbine Oils, Hydraulic & Circulation Oils, Steam Cylinder Oils, Industrial Gear oils, Mill Rolls Oil, Non Drip oils, Cutting oils, etc
  • Industrial Grease-Calcium Base Grease, Lithium base grease, High Temperature grease, Cardium Compound Grease, Graphite grease, etc.
  • Automotive Grease-Lithium Base Grease, Sodium Base Grease, Calcium base grease
  • Genuine oils-Diesel engine oils, petrol engine oils
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