Tamilnadu Petroproducts Ltd Stock Analysis

BSE: 500777 | NSE: TNPETRO | Petrochemicals | Small Cap

BSE Share Price 02-Dec-2022 18:01
96.05 0.50 (0.52%)

DeciZen - Make an Informed Decision on TN Petro Products

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

TN Petro Products Price Chart

P/E Ratio (SA) :
6.92
Market Cap :
864.2 Cr.
52-wk low :
80
52-wk high :
134.4
Bole Toh?

1. Is Tamilnadu Petroproducts Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Tamilnadu Petroproducts Ltd is a average quality company.

2. Is Tamilnadu Petroproducts Ltd undervalued or overvalued?

The key valuation ratios of Tamilnadu Petroproducts Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Tamilnadu Petroproducts Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tamilnadu Petroproducts 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 TN Petro Products:

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.
Tamilnadu Petroproducts Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -4.7%-2.2%-6.9%2.8%5.3%13.1%13.7%13.2%23.8%25.9%-
Value Creation Index -1.3-1.2-1.5-0.8-0.6-0.1-0.0-0.10.70.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,2811,0529507018891,0491,2451,2251,1451,8062,040
YoY Gr. Rt. %--17.9%-9.7%-26.2%26.9%18%18.7%-1.6%-6.5%57.7%-
Adj EPS -5.4-3.8-4.6-0.1-0.64.95.96.113.91913.9
YoY Gr. Rt. %-NANANANANA19.3%3.9%127%36.7%-
BVPS (₹) 36.23224.628.834.339.945.450.162.178.681.6
Adj Net Profit -48.3-33.9-41.4-0.8-5.544.452.955125171125
Cash Flow from Ops. -41.349.235.230.948.98272.280.196.3108-
Debt/CF from Ops. -4.83.22.92.20.90.40.60.50.50.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.9%15.2%13.2%57.7%
Adj EPS NANA47.7%36.7%
BVPS 91820.126.6
Share Price 22% 4.8% 39.3% -7.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -13-10.4-15.1-0.3-1.913.313.812.824.72717.3
Op. Profit Mgn % -0.20-2.71.87.68.97.47.714.913.89.2
Net Profit Mgn % -3.8-3.2-4.4-0.1-0.64.24.34.510.99.56.1
Debt to Equity 0.60.60.50.30.10.10.10.10.10.10
Working Cap Days 8111712010557645651565187
Cash Conv. Cycle 45502474172122252761

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.18%

Net Profit is growing at healthy rate in last 3 years 47.74%

Sales growth is good in last 4 quarters at 32.76%

Return on Equity has declined versus last 3 years average to 17.30%

Latest Financials - Tamilnadu Petroproducts Ltd.

Standalone Consolidated
TTM EPS (₹) 13.9 14.4
TTM Sales (₹ Cr.) 2,040 2,040
BVPS (₹.) 81.6 87.6
Reserves (₹ Cr.) 644 699
P/BV 1.18 1.10
PE 6.92 6.67
From the Market
52 Week Low / High (₹) 80.00 / 134.35
All Time Low / High (₹) 7.00 / 160.00
Market Cap (₹ Cr.) 864
Equity (₹ Cr.) 90
Face Value (₹) 10
Industry PE 32

Management X-Ray of TN Petro Products :

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 TN Petro Products

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

News

Tamilnadu Petroproducts Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of TN Petro Products on 02-Dec-2022 18:01 is : 96.05.
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 02-Dec-2022 18:01 the market cap of TN Petro Products stood at ₹ 864.2.
The latest PE ratio of TN Petro Products as of 02-Dec-2022 18:01 is 6.92.
The latest PB ratio of TN Petro Products as of 02-Dec-2022 18:01 is 1.18
The 52-week high of TN Petro Products is ₹ 134.3 and the 52-week low is ₹ 80.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of TN Petro Products is ₹ 2,040 ( Cr.) .

About Tamilnadu Petroproducts Ltd

Tamilnadu Petroproducts Limited (TPL), a corporate star, was established in the year 1984 with the objective of setting up a 50,000 MTA Linear Alkyl Benzene (LAB) project. TPL has since imprinted winning hallmarks successively over the years in corporate India and the petrochemical industry in particular. Over more than a decade, TPL grew in strength, thinking differently, harnessing the resources by laying a fundamental platform for financial strength and responding to customers innovatively by bringing in new products and services.

Conceived in the early 80s, the genesis of Linear Alkyl Benzene (LAB) project by Tamilnadu Petroproducts Limited (TPL) could be traced back to the promoter's vision to propel the growth of environmental friendly and bio-degradable detergents in India serving as an import substitution product. The emerging economic environment in India offered a very high potential for newer petrochemical business, especially in the area of business focussed on consumer requirements in the country. TPL as part of its initial pre-project activities, worked towards identifying suitable location, obtaining necessary governmental clearances, sourcing of right technology, typing up of feedstock and other raw materials and further executing necessary technology / feedstock agreements. TPL commissioned the LAB Project successfully in April 1988 in a record 22 months from the time of financial closure. In 1989 a Modern Define Unit, the first of its kind in Asia with UOP know-how was installed to improve the quality to adhere to global standards.

In the year 1990, a 15,000 MTPA Heavy Normal Paraffin unit was commissioned to cater to the requirements of Chlorinated Paraffin Wax (CPW) manufacturers. CPW finds extensive application in synthesizing plasticisers.

After a couple of years time in 1992, TPL's LAB Plant was the first in the world to implement Advanced Process Control in association with M/s. Setpoint, USA., increasing the LAB capacity level to 85,000 MTPA. TPL's LAB plant has since evolved itself as a role model plant in the LAB industry.

During the year 1995, TPL diversified into manufacture of Epichlorohydrin (ECH), a key raw material for producing Epoxy Resins. Further during year 2000, TPL as part of consolidation of ECH business acquired a 150 MTPD Caustic Soda / Chlorine a plant which uses the latest Membrane, cell process. In line with the changes required to envision and remain with the time, TPL has committed itself to adopting the state of the art technology. During the year 2001, TPL achieved a capacity of 100,000 MTPA of LAB and further is in an advanced stage of enhance the LAB capacity to 120,000 MTPA in the year 2003-04. The vision to grow and maintain leadership in this business is a silver lining to its business philosophy.

TPL has surged ahead with laurels for a challenging & promising future, carrying the business commitment of the promoters, M/s. SPIC Limited, who have diverse interest in fertilizers, petrochemicals and other services and Tamilnadu Industrial Development Corporation Limited (TIDCO), a state government enterprise, with prime interest in promoting industries in the state of Tamil Nadu. SPIC its boasts of a turnover close to $800 million and has been the principal force in TPL achieving corporate leadership in detergent business.

The LAB plant is located in the Manali Industrial Belt, 25 km away from Chennai City. The various infrastructure facility at Manali, the advantages of a Metropolitan city, hi-tech communication interface and cosmopolitan culture, synergise with the vision of promoters business plans.

TPL continues to march ahead excellent track record and its achievements in a short time frame stand out distinctly, propelled by continuous upgradation of technology, quality human resource and utmost customer satisfaction.

Product range of the company includes:

  • Linear Alkyl Benzene- Grades : SL-352 and SL-402
  • Heavy Alkylate (LAB Byproduct)
  • Epichlorohydrin
  • Caustic Soda / Chlorine / Hydrochloric Acid / Ammonium Chloride / Sodium Hypo chlorite

The company has joint venture agreements with:

  • Henkel SPIC India Limited (HSIL)
  • Petro Araldite Private Limited (PAPL)
  • SPIC Electric Power Corporation (Private) Limited (SEPC)
  • Vopak Sical Terminal Limited
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