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TVS Srichakra Ltd Stock Analysis

Small Cap
Evaluated by 1565 users | BSE: 509243 | NSE: TVSSRICHAK |
Tyres & Allied

TVS Srichakra Ltd. is one of India’s largest manufacturers and exporters of Two and Three-Wheeler tyres and Off-Highway tyres. It is a major OEM supplier to not just TVS Motors, but to the most leading brands. Its domestic after-market supply is backed...

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.
TVS Srichakra Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 27.29%16.58%9.57%16.69%22.07%34.72%23.14%15.42%12.49%9.75%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,0911,4531,6521,9382,1762,1851,9612,1522,4312,104
Y-o-Y Gr. Rt.-33.2%13.7%17.3%12.3%0.4%-10.3%9.8%13%-13.5%
Adjusted EPS (Rs.) 47.0347.267.4775.38144.89238.83196.69155.38137.59107.24
Y-o-Y Gr. Rt.-0.5%-84.2%909.1%92.2%64.8%-17.6%-21%-11.5%-22.1%
Book Value per Share (Rs.) 148.63184.29210.62278.6368.51538.02732.49834.07950.73972.51
Adjusted Net Profit 3636.25.757.711118315111910582.1
Net Op. Cash Flow (Rs. Cr.) 9.680.518713.824440063.718564298
Debt to Cash Flow from Ops 26.5651.5927.731.120.364.941.686.661.18
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.
TVS Srichakra Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 7.6%-0.7%2.4%-13.5%
Adjusted EPS 9.6%-5.8%-18.3%-22.1%
Book Value per Share 23.221.49.92.3
Share Price 19% -7.2% -22% 62.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 48.3928.393.7830.8144.7652.6730.9519.8315.4111.15
Operating Profit Margin (%) 9.038.916.137.8510.2815.5814.5611.8810.9610.31
Net Profit Margin (%) 3.32.50.693.425.018.577.685.534.333.9
Debt to Equity 2.252.851.841.80.970.350.560.490.590.47
Working Capital Days 811291251099480103118127153
Cash Conversion Cycle 34513331403652626475
Entity Percentage Holding
Promoters 45.36%
Institutions 6.75%
Non-Institutions 47.88%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of TVS Srichakra Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that TVS Srichakra Ltd is a good quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of TVS Srichakra Ltd's performance infers:

TVS Srichakra Ltd earnings have declined by -5.8%, whereas share price has depreciated -7.2% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

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

TVS Srichakra Ltd share price has depreciated 18.9% annually over the past ten years.

TVS Srichakra Ltd. is one of India’s largest manufacturers and exporters of Two and Three-Wheeler tyres and Off-Highway tyres. It is a major OEM supplier to not just TVS Motors, but to the most leading brands. Its domestic after-market supply is backed by a strong network of several dealers and many depots. TVS Srichakra exports to several countries across the world. Through export, it continues expanding its presence in the USA, Europe, South America,

TVS Srichakra Ltd. is one of India’s largest manufacturers and exporters of Two and Three-Wheeler tyres and Off-Highway tyres. It is a major OEM supplier to not just TVS Motors, but to the most leading brands. Its domestic after-market supply is backed by a strong network of several dealers and many depots. TVS Srichakra exports to several countries across the world. Through export, it continues expanding its presence in the USA, Europe, South America, Africa and Australia. It is passionate about making tyres that elevate the riding experience. Its cutting-edge technology, complemented with a decades-long understanding of the local road conditions, make its tyres dependable and precision performance accessories. With tyres rolling out of its state-of-the-art manufacturing units at Madurai (Tamil Nadu) and Rudrapur (Uttarakhand).

Business area of the company

The company is engaged in Manufacturing of tyres. It specialises in Two & Three-wheeler tyres, Industrial Pneumatic tyres, Farm and Implement tyres, Skid-steer tyres, Multi-purpose tyres and Floatation tyres.

Products of the company

The company is manufacturing wide range of tyres for motorcycle, scooter, moped and three-wheelers. The company produces these tyres keeping in mind various features of different automobiles. Under export segment, it manufactures wide range of tyres that can be used on various surfaces. It manufactures tyres for farm equipment, small tractor, industrial pneumatic, harbour, compactor, and many more.

Awards and Recognition

  • 2020: The Company was certified for Occupational Health & Safety Standard ISO 45001 in 2020. This is in addition to the Certification of Quality (IATF 16949) & Environmental (ISO 14001) Management Standards.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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