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Tayo Rolls Ltd Stock Analysis

Small Cap
Evaluated by 112 users | BSE: 504961 | NSE: TATAYODOGA |
Engineering - Industrial Equipments
Tayo Rolls Limited, a subsidiary of Tata Steel was promoted in 1968 in collaboration with Yodogawa Steel Works of Japan . To update with the developing technology, in 1992, Tayo forged an alliance with ESW of Austria for technical up-gradation. Since inception, Tayo has been a market leader...

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 -11.39%-18.33%-11.48%-32.08%-28.58%-83.07%-507.24%119.21%52.63%17.94%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 13314017715214212642.20.400
Y-o-Y Gr. Rt.-4.7%27%-14.4%-6.7%-11%-66.5%-99.2%-100%NA
Adjusted EPS (Rs.) -29.45-53.13-35.63-72.79-60.11-91.88-63.19-29.2-19.45-7.73
Y-o-Y Gr. Rt.-NANANANANANANANANA
Book Value per Share (Rs.) 46.67-5.57-38.45-112.08-178.41-331.08-411.89-436.9-456.34-464.07
Adjusted Net Profit -30.2-54.5-36.6-74.7-61.7-94.3-64.8-30-20-7.9
Net Op. Cash Flow (Rs. Cr.) -10.41-9.4-29.5-24.8-13.8-14.9-21.3-4.6-0.1
Debt to Cash Flow from Ops -16.05140.16-16.07-4.42-4.63-27.32-27.23-20.01-93.39-7,758.16
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.
Tayo Rolls Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -100%-100%-100%NA
Adjusted EPS NANANANA
Book Value per Share -229.1000
Share Price -4.6% -6.8% -17.8% 30.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) -47.89-85.73-58.58-145.67-113.2365.5217.016.884.361.68
Operating Profit Margin (%) -11.5-11.39-0.9-10.16-22.24-30.83-93.01-5317.3400
Net Profit Margin (%) -22.65-39.04-20.62-49.18-43.52-74.76-153.64-8602.4400
Debt to Equity 3.481.753.32.292.21-1.11-0.96-0.95-0.91-0.9
Working Capital Days 22722218025330629348532,59400
Cash Conversion Cycle 544719831361221068,50300
Entity Percentage Holding
Promoters 73.21%
Institutions 0.02%
Non-Institutions 26.77%
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 Tayo Rolls Ltd's performance infers:

Tayo Rolls Ltd earnings have grown by 0%, whereas share price has depreciated -6.8% 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 Tayo Rolls Ltd share prices over the last 10 years. Here is what we found out:

Tayo Rolls Ltd share price has depreciated -10.5% annually over the past ten years.

Tayo Rolls Limited, a subsidiary of Tata Steel was promoted in 1968 in collaboration with Yodogawa Steel Works of Japan . To update with the developing technology, in 1992, Tayo forged an alliance with ESW of Austria for technical up-gradation.

Since inception, Tayo has been a market leader and has met the country's roll requirements for a wide variety of industries. Through continuous improvements both in process as well as products, Tayo has kept pace with the changing needs of the

Tayo Rolls Limited, a subsidiary of Tata Steel was promoted in 1968 in collaboration with Yodogawa Steel Works of Japan . To update with the developing technology, in 1992, Tayo forged an alliance with ESW of Austria for technical up-gradation.

Since inception, Tayo has been a market leader and has met the country's roll requirements for a wide variety of industries. Through continuous improvements both in process as well as products, Tayo has kept pace with the changing needs of the industry thus providing more value to its customers in terms of more rolling per roll. Tayo’s services to its customers are met through dedicated employees who have rich experience and are well trained in the application of hot as well as cold rolling applications.

The company has successfully diversified into production of special castings for use in power plants and has made significant presence in the industry. Tayo enjoys a wide customer base in India. It has also been exporting rolls to Australia, Austria, Bangladesh, Belgium, Canada, Egypt, Germany, Indonesia, Kazakhstan, Nepal, Norway, New Zealand, Oman, Quatar, Saudi Arabia, Sweden, Singapore , South Africa, Triniland, Talwan, UAE, Romania, Chez Republic and USA.

Tayo ensures that its products not only meet customer expectation but also with after sales service which are comparable to the best in the world.Tayo as a part of its backward integration had set up a mini Blast furnace of 40000 tpa for the manufacture of pig iron. Over the years its pig iron has captured a good share in the eastern India market.

Tayo embarks on setting up integrated facilities for the manufacture of forged rolls and engineering forgings. This would enable the company to become a total solution provider to the user industry for all category of rolls both cast and forged rolls.

Tayo has entered into a License and Know-how agreement with Sheffield Forgemasters International Ltd. of United Kingdom for transfer of technology for the manufacture of Forging quality Ingots, including Round Ingots, Forged Bars, Engineering Forgings and Forged Rolls.

Tayo Rolls limited is a signatory to 'Brand Equity and Business Promotion' (BEBP) Scheme of Tata Sons Limited. Company has also provided Senior Assessor for conducting assessment for CII EXIM BANK Award in 2003.

The company's Plant at Gamharia, 16KM West of Jamshedpur in India, is spread over an area of 50 acres.

Tayo Rolls limited is a signatory to 'Brand Equity and Business Promotion' (BEBP) Scheme of Tata Sons Limited. The Company has adopted Tata Business Excellence Module (TBEM) as a vehicle for excellence in business. The Company has undergone five cycles of Internal Assessment and four cycles of External Assessments conducted by Tata Quality Management Services ( TQMS ).

Product range of the company includes:

  • ROLLS- Tayo Rolls has the capability and the capacity to meet the most demanding mill requirements. Tayo rolls have been custom designed to roll flat as well as long products. Tayo Rolls is also catering to the Domestic Cold Rolling sector by importing Forged Heat treated rough turned blanks from Union Electric Steel, USA. These blanks are finished and ultrasonic tested at Tayo before final delivery to the customer.
  • Cast Rolls
  • Forged Rolls- Tayo has an agreement with Union Electric Steel Corporation (UES), USA, for sourcing the Forged Hardened Rough Turned Rolls and finish machining these Rolls in our plant at Jamshedpur. It can finish the Forged Rolls in a wide range of Sizes and Qualities to cater to the demand of both Ferrous and Non Ferrous Industries for Hot as well as Cold applications.
  • Special Castings- Tayo has established itself as a supplier of Grinding Rings and Balls to Thermal Power plants. Specially designed chemistry, Struct Process and Quality Control ensure that Tayo Rings and Balls are of International standard. TAYO manufactures Grinding Rings in TAYOHARD STANDARD, TAYOHARD SUPER and Balls in TAYOCHROME STEEL, which give superior performance. The present Product range covers:Grinding Rings and Balls for B & W coal mill models, E-64, E-70, EL-76, E-8.5, E-90, 10-E and 12-E with solid and hollow balls varying from 450 mm. to 734 mm. in diameter
  • Pig Iron- Apart of Rolls & Special Castings , Tayo Rolls Limited backward integrated its process to manufacture pig iron and is engaged in the business of selling of foundry grades pig iron. The company presently manufactures 7 different Pig Iron grades. TAYO Rolls commenced Commercial Production in 1st Feb 2005 with a capacity of 34,000 tpa.

Awards/Achievements

  • 2002: National Quality Award in the Secondary Steel Sector by Indian Institute of Metals. 
  • 2002: CII Eastern Region Productivity Award.
  • 2002-03: Indian Oil - Trophy award. Secured First Position in Fuel Conservation Contest, Conducted by CII(ER)
  • 2004: Golden Peacock Innovation Award. 
  • 2004: First Prize at National Quality Award-2004-IIM. 
  • 2005-06: Secured First Position in HRD, Conducted by CII(ER)
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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