TTK Prestige Ltd - Stock Valuation and Financial Performance

BSE: 517506 | NSE: TTKPRESTIG | Consumer Durables - Domestic Appliances | Small Cap

TTK Prestige Share Price

672.80 2.30 0.34%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on TTK Prestige

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

TTK Prestige stock performance -

mw4me loader
P/E Ratio (SA):
39.57
Market Cap:
9,299.6 Cr.
52-wk low:
657
52-wk high:
832

Is TTK Prestige Ltd an attractive stock to invest in?

1. Is TTK Prestige Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that TTK Prestige Ltd is a good quality company.

2. Is TTK Prestige Ltd undervalued or overvalued?

The key valuation ratios of TTK Prestige Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is TTK Prestige Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of TTK Prestige 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 TTK Prestige:

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.
TTK Prestige Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 20.6%15.6%17.5%18.5%18.3%18%16.5%16.5%18.6%14.7%-
Value Creation
Index
0.50.10.30.40.40.30.20.20.40.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,2941,3881,4881,6041,7461,9681,9372,0332,5322,6262,486
Sales YoY Gr.-7.3%7.2%7.8%8.9%12.7%-1.6%5%24.6%3.7%-
Adj EPS 7.66.68.3101213.714.316.421.118.717
YoY Gr.--12.9%25%21.2%20.1%14.2%4.4%14.1%29.2%-11.4%-
BVPS (₹) 41.746.151.661.272.483.193.7106.6122.3137.4143.9
Adj Net
Profit
10692.3115140167190199227293260235
Cash Flow from Ops. 8567.578.116412789.8258243298229-
Debt/CF from Ops. 0.3000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.2%8.5%10.7%3.7%
Adj EPS 10.6%9.3%9.3%-11.4%
BVPS14.2%13.7%13.6%12.4%
Share Price 10.3% -1.5% -1.9% 0.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
21.61516.917.717.917.616.216.318.414.412.1
Op. Profit
Mgn %
12.81112.612.413.614.713.615.516.113.812.6
Net Profit
Mgn %
8.26.77.88.79.59.710.311.211.69.99.5
Debt to
Equity
0.1000000000-
Working Cap
Days
127124125119127118123120110113127
Cash Conv.
Cycle
8890827273626958455091

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.68%

Return on Equity has declined versus last 3 years average to 12.10%

Net Profit has been subdued in last 3 years 9.32%

Sales growth is not so good in last 4 quarters at -7.74%

Latest Financials - TTK Prestige Ltd.

Standalone Consolidated
TTM EPS (₹) 17 16.5
TTM Sales (₹ Cr.) 2,486 2,666
BVPS (₹.) 143.9 145.7
Reserves (₹ Cr.) 1,981 2,006
P/BV 4.66 4.60
PE 39.57 40.57
From the Market
52 Week Low / High (₹) 657.00 / 832.00
All Time Low / High (₹) 0.48 / 1269.60
Market Cap (₹ Cr.) 9,300
Equity (₹ Cr.) 13.9
Face Value (₹) 1
Industry PE 53.9

Management X-Ray of TTK Prestige:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.005.950.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of TTK Prestige

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,2941,3881,4881,6041,7461,9681,9372,0332,5322,626
Operating Expenses 1,1291,2361,3011,4051,5081,6781,6731,7182,1252,265
Manufacturing Costs42484440414746435655
Material Costs7327968879581,0051,1311,1161,1801,4831,571
Employee Cost 91104110121142165167167193205
Other Costs 263288260286321335344327393433
Operating Profit 165153187198238290263315407361
Operating Profit Margin (%) 12.8%11.0%12.6%12.4%13.6%14.7%13.6%15.5%16.1%13.7%
Other Income 85107142625283543
Interest 13869565447
Depreciation 15192125252635384248
Exceptional Items 72-42129001200
Profit Before Tax 152133167173351284248313396350
Tax 404151309493507810289
Profit After Tax 11292116143257190199235294260
PAT Margin (%) 8.6%6.6%7.8%8.9%14.7%9.7%10.2%11.6%11.6%9.9%
Adjusted EPS (₹)8.06.68.310.218.513.714.317.021.218.8
Dividend Payout Ratio (%)21%28%27%22%13%18%14%29%28%32%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 5856467238571,0061,1541,3011,4801,6971,907
Share Capital 12121212121214141414
Reserves 5746347118459941,1421,2871,4661,6831,893
Minority Interest0000000000
Debt26000000000
Long Term Debt0000000000
Short Term Debt25000000000
Trade Payables123106132145225193187228356246
Others Liabilities 138144142161175186222218233296
Total Liabilities 8728969971,1641,4061,5321,7091,9262,2862,449

Fixed Assets

Gross Block412430351420432471558587647733
Accumulated Depreciation739321497499130162203248
Net Fixed Assets340337330371358372428424444486
CWIP 24332421618710
Investments 92768196277321505613549472
Inventories267275325325367405404393510490
Trade Receivables149159175199242288256272299306
Cash Equivalents 3030314298634097361578
Others Assets53666430586471108117107
Total Assets 8728969971,1641,4061,5321,7091,9262,2862,449

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 85677816412790258243298229
PBT 152133167173351284248313396350
Adjustment 17191128-109920725641
Changes in Working Capital -37-47-64-3-23-11356-72-57-79
Tax Paid -47-37-36-34-91-91-67-70-96-82
Cash Flow From Investing Activity -73-13-6-152-20-18-226-202-208-167
Capex -70-19-17-25-16-56-55-27-29-65
Net Investments -920-32139-141-170-197-135
Others 6511-95-5-1-29-51734
Cash Flow From Financing Activity -15-59-71-5-110-44-57-64-87-62
Net Proceeds from Shares 105000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -9-4-2-5-2-2-1-1-4-1
Dividend Paid -23-2700-38-42-50-55-76-49
Others -88-27-690-710-6-7-7-12
Net Cash Flow -3-428-328-25-2331
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)22.915.0516.9518.1527.6417.6616.2116.9418.5114.46
ROCE (%)29.5422.5225.3123.0438.2626.8620.6922.8125.2119.79
Asset Turnover Ratio1.591.611.651.591.361.51.371.261.341.25
PAT to CFO Conversion(x)0.760.730.671.150.490.471.31.031.010.88
Working Capital Days
Receivable Days40403940464445423737
Inventory Days69707069726467635862
Payable Days34294053676762647270

TTK Prestige Ltd Stock News

TTK Prestige Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of TTK Prestige on 28-Mar-2024 16:01 is ₹672.8.
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 28-Mar-2024 16:01 the market cap of TTK Prestige stood at ₹9,299.6.
The latest P/E ratio of TTK Prestige as of 28-Mar-2024 16:01 is 39.57.
The latest P/B ratio of TTK Prestige as of 28-Mar-2024 16:01 is 4.66.
The 52-week high of TTK Prestige is ₹832.0 and the 52-week low is ₹657.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TTK Prestige is ₹2,486 ( Cr.) .

About TTK Prestige Ltd

It was in the year 1928 that T T Krishnamachari, the first finance minister of India. founded TTK Prestige, one of the oldest business houses in the country today. Having initially pioneered and established a network of distribution, TTK Prestige moved to manufacturing, post-independence. Being a dynamic and fast growing company, it soon became the leading manufacture of Pressure cookers in India and offered the most comprehensive range of kitchenware in the world.

One of the main reasons why TTK attained its ‘leadership’ status is because it epitomised quality at an affordable price. It innovated and explored new business categories, all the while keeping its Indian identity intact. A company built on the foundation of trust, transparency and knowledge; TTK has grown to an impressive size today. It’s a 6000-crore group with 15 manufacturing units and 5000 employees. With products and facilities that enjoy international accreditations, TTK enjoys a presence in over 4,00,000 retail outlets across the country. Pressure cookers, toys, condoms, ready to fry foods; ball pens and cartography encompass some of the products TTK pioneers and deals in. And of course, it also has a strong business presence abroad and is associated with international organizations like SSL, Sara Lee, Dupont etc.

Setting up a manufacturing facility in Bangalore in 1949 kick-started the success saga that continues to grow more distinct by the day. Through the years, Prestige has always initiated numerous manufacturing and marketing innovations; be it something as unconventional as dropping pamphlets from a helicopter in the fifties or the popular “Exchange Schemes”, which have become the order of the day today, Prestige continues to give customers complete value for money.

In the 1990s Prestige introduced Manttra, targeting people abroad whose cuisine was compatible with pressure-cooking. It was well received. With leading chain stores like Macy’s, Target, Kohl, Walmart, K-mart and Sears stocking the brand, Prestige ensured that pressure-cooking as a concept came back into practice in the US. Continually adding more feathers to its hat, Prestige is getting bigger than ever. With strategic planning and sound market knowledge, today Prestige is truly an unstoppable force.

Prestige always stands for maximum value for money. The brand believes in this maxim to the core and it is visible in all its promotional campaigns A look at Prestige’s campaigns reveals a succession of innovative promotions. Their communications can clearly be differentiated from any other. Whether it was the ‘Jo Biwi se kare pyaar, voh Prestige se kaise kare inkaar’ commercial or the ‘first floor second floor’ or the ‘Muh khula, muh bandh’ television commercials, every advertisement has stood out in the crowd. Promotional campaigns like ‘happy exchanges offer’ have won regional awards. In fact, did you know Prestige pioneered the concept of ‘exchange’ in the kitchenware category in India and the rest followed.

Out of the box product and cutting edge television commercials have worked out very well for the brand and its promotions. Campaigns for Exchange Offers like ‘idhu eppadi irukku’ have increased the sales and also got lots of appreciation for the brand during the lean months.

These clever promotions helped media latch on to the concept and consumers started looking forward to these promotional activities year after year. There are many more, the latest being the ‘exchange anything for anything’ offer. An all- new concept, this offer promises the consumer complete freedom of choice. This enables the consumer to exchange any old kitchen product for any new Prestige product. This promotion excited the consumers as it was to their comfort and broke all rules.

One of the greatest recent achievements for Prestige is its entry into the non-south market. Having done its research, Prestige introduced an innovative cooker like the colourful Pressure Handis that compliment their style of cooking. Prestige is making its presence felt in the non-south market as well.

One Prestige Pressure Cooker gets sold in India every thirty seconds. Prestige added over 2.8 million customers in the year 2005-06, the largest in the industry till date. The company has the widest distribution network across the country in the kitchen appliances category. All pioneering efforts in this industry such as the introduction of the Pressure pan, Pressure Handi, Pressure Kadai, Metal spoon friendly cookware, Duplex gas stoves, Lifetime free service on mixer grinders were launched by Prestige  Prestige was also the pioneer in launching unique display contests for its dealers, with contests such as the “Display contest - Go for Gold”. The Duplex gas stove commercial created such an impact that people walked into Prestige Smart Kitchen outlets, asking for ‘first floor-second floor’ gas stoves.

Product range of the company includes:

  • Pressure Cooker
  • Deluxe, Popular, Money Saver, Nakshatra
  • Pressure Handi Deluxe, Nakshatra, Baby Handi
  • Pressure kadai Non-Stick Cookware, Omega select, Omega Die-Cast, Omega Deluxe
  • Elec. Appliances Mixer Grinders, Juicer Mixer Grinder, Rice Cookers, Champion Food Processors(M), Oven Toaster Griller, Irons, DryIrons, Steam Irons, Kettles, Sandwich Toaster, Pop-up Toaster, Hand Blender, Wet Grinder
  • 6 Gas & Glass Tops Conventional, Royale, Glass Tops
  • Microwaves, Hoods & Hobs Kitchen Accessories, Knife Sets, Kitchen Tools, Barbeque

Milestones & Achievements :

  • Prestige went right ahead and launched the Gasket release system that revolutionised the cooker category.
  • Deluxe was India’s first pressure cooker with the unique Pressure Indicator that serves as a visual confirmation when it was safe to open the cooker.
  • The launch of Prestige Omega and Omega Select - India’s first Metal spoon friendly non-stick cookware was another breakthrough and an unrivalled success.
  • Prestige was the first cooker company to offer a ten-year warranty on its Euroclad base pressure cookers as well as the first to offer lifetime free service on its range of mixer grinders.
  • Prestige was the first to come up with a host of innovations in consumer marketing in this industry with offers such as “On the spot exchange schemes”, “Exchange Anything for Anything offers”, etc.
  • All path breaking safety features in pressure cookers were introduced by Prestige – the Gasket Release System (GRS), the Gasket Offset Device (GOD), the Pressure Indicator (PI) and the Resettable Safety Device (RSD) .
  • TTK Prestige became the No.1 brand and market leader in India through 18,000 outlets serviced through a nationwide servicing network.
  • It is the first kitchenware company in India to receive the ISO 9001:2000 certification.
  • It is the first kitchenware company in India certified by international standards such as UL-USA and PED/CE certification by TUV, Germany.
  • 2010
    TTK Prestige Announces e-Commerce Alliance with Infibeam.com.
    The Company is launching a whole new range of pressure cookers and cookware with induction base using dedicated imported machinery.
    TTK Prestige - Launch of Microwave Pressure Cooker.
    TTK Prestige - Launch of New Range of Inner Lid Pressure Cookers - Prestige Apple.
  • 2012-13
    Superbrand Award
    Excellence In Improving Performance Through Leadership
    Corporate Leader Award
    Thought Leaders International Award
    Retail And Lifestyle Leadership Award
    Master Brand Award
    Retail Excellence Award
    Readers Digest Trusted Brand Award
    Most Preferred Kitchenware Brand Award
    Power Brand Award
Read More Read Less
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