X

TVS Srichakra Ltd. Stock Analysis

Small Cap
Evaluated by 1514 users | BSE: 509243 | NSE: TVSSRICHAK |
Tyres & Allied
TVS Srichakra is engaged in the business of tyre manufacturing. Incorporated in 1982 as Srichakra Tyres, today it is one of the leading two- and three-wheeler tyre manufacturer in India. TVS Srichakra was founded by Sri T V Sundaram Iyengar.TVS Srichakra is part of $2.2 billion largest auto...

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 16.6% -12.4% -21.3% -17.2%
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 6.52%
Non-Institutions 48.11%
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 -12.4% 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 16.1% annually over the past ten years.

TVS Srichakra is engaged in the business of tyre manufacturing. Incorporated in 1982 as Srichakra Tyres, today it is one of the leading two- and three-wheeler tyre manufacturer in India. TVS Srichakra was founded by Sri T V Sundaram Iyengar.

TVS Srichakra is part of $2.2 billion largest auto ancillary TVS Group.

The company provides a complete range of two- and three-wheeler tyres and tubes catering to the domestic market and industrial pneumatic tyres, farm and implements tyres, skid

TVS Srichakra is engaged in the business of tyre manufacturing. Incorporated in 1982 as Srichakra Tyres, today it is one of the leading two- and three-wheeler tyre manufacturer in India. TVS Srichakra was founded by Sri T V Sundaram Iyengar.

TVS Srichakra is part of $2.2 billion largest auto ancillary TVS Group.

The company provides a complete range of two- and three-wheeler tyres and tubes catering to the domestic market and industrial pneumatic tyres, farm and implements tyres, skid steer tyres, multipurpose tyres, floatation tyres, etc.

The company’s manufacturing unit is spread across on an area of 2.5 lakh sq metres located at Madurai in Tamil Nadu. The company has employee strength of 2000 people.

TVS Srichakra supplies tyres to majors companies namely TVS Motors, Hero Honda, Bajaj Auto and Yamaha Motors. The company has a network of over 2050 dealers and 23 depots spread across in India.

Globally, it exports to USA, Europe, Africa, South America and South East Asia.

TVS Srichakra has received various certifications such as ISO 9001, ISO 14001, ISO 9001-2000 and TS 16949 for its quality management.

The company is also honoured with TPM Excellence Award in 2003 and TPM Consistency Award in 2005. The Company won for third successive year the Energy Conservation Award from the Government of India, which is a unique and singular achievement in optimum utilization of energy.

Products

TVS Srichakra 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.

TVS Group

The TVS Group is $2.2 billion industrial conglomerate. TV Sundaram Iyengar and Sons, established in 1911, is the parent and holding company of the TVS Group. TV Sundaram Iyengar and Sons operates three divisions namely TVS, Sundaram Motors and Madras Auto Service.

The group operates companies namely TVS Motor Company, Lakshmi Auto Components, Lucas Indian Service, Axles India, Brakes India, Harita Grammer, India Motor Parts and Accessories, India Nippon Electricals, Lucas TVS, Madras Auto Service, Southern Roadways, Sundaram Brake Linings, Sundaram Fasteners, Sundaram Finance, Sundaram Industries, Sundaram Motors and Sundaram Clayton

Future Prospects

The company plans to invest Rs. 25 crores during the year 2008-09. It is looking out for further capacity expansion through greenfield projects outside Madurai.

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

Callback