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Tarapur Transformers Ltd. Stock Analysis

Small Cap
Evaluated by 97 users | BSE: 533203 | NSE: TARAPUR |
Electric Equipment
Tarapur Transformers incorporated as Tarapur Transformers Private Limited and a Certificate of Incorporation on May 9, 1988 issued by the Registrar of Companies (ROC), Maharashtra, Mumbai. The company is converted into a public limited company, subsequently the company's name was changed to...

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'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 4.78%-6.35%-3.11%-0.61%-9.67%-3.28%-1.49%-0.6%-13.52%-0.53%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 31.47.231.554.442.637.32228.112.212
Y-o-Y Gr. Rt.--77%337.5%72.4%-21.7%-12.3%-41%27.9%-56.7%-1.9%
Adjusted EPS (Rs.) 1.4-2.47-2.12-1.34-6.21-1.67-0.69-0.29-5.67-0.22
Y-o-Y Gr. Rt.--276.4%NANANANANANANANA
Book Value per Share (Rs.) 17.9139.4135.7334.4928.5827.1726.6325.4719.7520.13
Adjusted Net Profit 1.5-4.8-4.1-2.6-12.1-3.3-1.3-0.6-11.1-0.4
Net Op. Cash Flow (Rs. Cr.) 5.4-8.7-0.51-26.15.4-3.7-4.80.5-2.1
Debt to Cash Flow from Ops 4.43-1.32-39.224.27-1.46.51-9.75-7.6281.78-16.41
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.
Tarapur Transformers Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -10.2%-22.4%-18.4%-1.9%
Adjusted EPS -181.4%NANANA
Book Value per Share 1.3-6.8-8.91.9
Share Price -15.5% -8.3% -17.4% -20.4%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 7.71-9.67-5.48-3.73-19.41-5.95-2.56-1.11-25.1-1.09
Operating Profit Margin (%) 11.6-90.69-5.19-1.43-20.35-7.17-10.63-1.85-82.63-9.95
Net Profit Margin (%) 4.93-66.69-13.09-4.8-28.45-8.71-6.1-2-90.83-3.53
Debt to Equity 1.220.150.290.340.660.670.690.730.950.89
Working Capital Days 2431,5465724205575971,1279501,8871,599
Cash Conversion Cycle 11163614391180227412302775578
Entity Percentage Holding
Promoters 44.63%
Non-Institutions 55.37%
Pledged *99.5896.7196.7196.7196.7196.7196.7196.7196.7196.71
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Tarapur Transformers Ltd.'s performance infers:

Tarapur Transformers Ltd. earnings have grown by 0%, whereas share price has depreciated -8.3% 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 Tarapur Transformers Ltd. share prices over the last 10 years. Here is what we found out:

Tarapur Transformers Ltd. share price has depreciated -19.7% annually over the past ten years.

Tarapur Transformers incorporated as Tarapur Transformers Private Limited and a Certificate of Incorporation on May 9, 1988 issued by the Registrar of Companies (ROC), Maharashtra, Mumbai. The company is converted into a public limited company, subsequently the company's name was changed to Tarapur Transformers Limited vide special resolution passed by members of the company in their extra ordinary general meeting (EGM) held on March 10, 2007 and a fresh certificate to this effect was

Tarapur Transformers incorporated as Tarapur Transformers Private Limited and a Certificate of Incorporation on May 9, 1988 issued by the Registrar of Companies (ROC), Maharashtra, Mumbai. The company is converted into a public limited company, subsequently the company's name was changed to Tarapur Transformers Limited vide special resolution passed by members of the company in their extra ordinary general meeting (EGM) held on March 10, 2007 and a fresh certificate to this effect was obtained from the ROC, Maharashtra, Mumbai on March 27, 2007.

The company initially was promoted by Praful M Dharia, Rajesh Kumar Shah and Praful M Shah. In year 2006-2007 Bilpower and its promoters have acquired the entire voting rights in the company followed by change in control and thus Bilpower became the promoter of the company.

The company is one of the key players in Indian markets manufacturing and repairing of power and distribution transformers, focusing on quality, timely delivery and customization based on its engineering capabilities without any third-party collaboration or technical assistance.

The company manufactures transformers up to 220 KV class, having an installed capacity of manufacturing of 1839.40 MVA and repairing of 1800 MVA per annum.

The company currently operates through three manufacturing units located at MIDC, Boisar, Tarapur Industrial Area village Pali, At & PO - Posheri Taluka - Wada and L/25/5, GIDC Industrial Estate, Por- Ramnagamdi, Vadodara. Its Boisar unit mostly undertakes the repairing and refurbishment, rehabilitation and upgradation of transformers with the installed capacity of 600 MVA for manufacturing and 1200 MVA for repairing of transformers per annum.

The company’s Pali unit is equipped with modern state-of-art infrastructure facilities and technology, which can undertake the manufacturing of 1200 MVA for manufacturing and 600 MVA for repairing of transformers per annum. The Vadodara unit is engaged in manufacturing of current transformers potential transformer normally called as CTPT and distribution transformers ranging from 10 KV/11KV to 100KV/11KV with installed capacity of 39.40 MVA per annum.

The registered office of the company is situated at J-20, MIDC, Tarapur Industrial Area, Boisar, 401506, Dist. - Thane

Business area of the company

The company is currently engaged in the areas of manufacturing, rehabilitation, up-gradation, and refurbishment of transformers ranging from power and distribution transformer, rectifier transformer, furnace duty transformer, electric locomotive transformer, electric traction substation transformer, dry type transformer, potential transformer, special purpose transformers.

Group companies

  • Nik-San Engineering Company
  • Eletrofer Steel (India)
  • Choudhary Global

Milestones

  • 1988: Incorporated as Tarapur Transformers Private Limited
  • 1990: Commencement of commercial production at the company’s Boisar Unit
  • 1994: Acquisition of freehold land at Pali
  • 2006: Change in control and Bilpower became the promoter of the company
  • 2007: Conversion to public limited company
  • 2007: Acquisition of Varsha Engineers (proprietorship concern) at Vadodara
  • 2007: ISO 9001:2000 Certificate awarded for Boisar Unit.
  • 2008: Commencement of commercial production at our Pali Unit
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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