TTK Healthcare Ltd - Stock Valuation and Financial Performance

BSE: 507747 | NSE: TTKHLTCARE | Pharmaceuticals & Drugs | Small Cap

TTK Healthcare Share Price

1,490.95 16.95 1.15%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on TTK Healthcare

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

TTK Healthcare stock performance -

mw4me loader
P/E Ratio (SA):
32.24
Market Cap:
2,095.6 Cr.
52-wk low:
1,006.1
52-wk high:
1,681

Is TTK Healthcare Ltd an attractive stock to invest in?

1. Is TTK Healthcare Ltd a good quality company?

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

2. Is TTK Healthcare Ltd undervalued or overvalued?

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

3. Is TTK Healthcare Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of TTK Healthcare Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of TTK Healthcare:

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 Healthcare 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 11.3%12.8%14.9%11.4%9.4%9.5%5.2%11%5.7%7.2%-
Value Creation
Index
-0.2-0.10.1-0.2-0.3-0.3-0.6-0.2-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 416483519528578628646476599725752
Sales YoY Gr.-16%7.4%1.7%9.4%8.7%2.9%-26.3%25.9%21%-
Adj EPS 16.121.329.223.412.917.28.722.111.731.446
YoY Gr.-32.1%37.3%-20%-44.7%32.9%-49.6%155%-46.9%167.9%-
BVPS (₹) 131.9146.5169.7197.1161.8174.8173.1205.4230.2671.6694.1
Adj Net
Profit
12.516.522.718.118.324.312.231.216.644.465
Cash Flow from Ops. 12.739.437.417.825.317.319.896.445-26.1-
Debt/CF from Ops. 2.51.111.31.91.71.40.20.5-1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.4%4.7%3.9%21%
Adj EPS 7.7%19.5%53.7%167.9%
BVPS19.8%32.9%57.1%191.8%
Share Price 11% 17.1% 44.9% 43%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
12.214.717.812.49.4104.911.55.36.96.7
Op. Profit
Mgn %
4.86.27.87.37.47.94.44.13.74.35.3
Net Profit
Mgn %
33.44.43.43.23.91.96.62.86.18.6
Debt to
Equity
0.30.40.30.20.20.10.10.10.10-
Working Cap
Days
7976737076931021349798264
Cash Conv.
Cycle
2931331711730301414212

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 53.69%

Return on Equity has declined versus last 3 years average to 6.70%

Sales growth has been subdued in last 3 years 3.94%

Sales growth is not so good in last 4 quarters at 7.15%

Latest Financials - TTK Healthcare Ltd.

Standalone Consolidated
TTM EPS (₹) 46 -
TTM Sales (₹ Cr.) 752 -
BVPS (₹.) 694.1 -
Reserves (₹ Cr.) 967 -
P/BV 2.14 -
PE 32.24 -
From the Market
52 Week Low / High (₹) 1006.05 / 1681.00
All Time Low / High (₹) 11.50 / 1681.00
Market Cap (₹ Cr.) 2,096
Equity (₹ Cr.) 14.1
Face Value (₹) 10
Industry PE 48.2

Management X-Ray of TTK Healthcare:

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 TTK Healthcare

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
Sales416483519528578628646476599725
Operating Expenses 396453478489535578617457577694
Manufacturing Costs12111619262833293540
Material Costs194219229243242263260209281348
Employee Cost 6172818812013114494103123
Other Costs 130151152139147157181125158183
Operating Profit 20304038435028192231
Operating Profit Margin (%) 4.7%6.1%7.8%7.3%7.4%7.9%4.4%4.1%3.6%4.3%
Other Income 6766889101648
Interest 3433533235
Depreciation 36712151514131313
Exceptional Items 0000000820
Profit Before Tax 20263629303919232562
Tax 710131012157-14617
Profit After Tax 12162319182412371945
PAT Margin (%) 3.0%3.3%4.4%3.6%3.1%3.9%1.9%7.7%3.1%6.2%
Adjusted EPS (₹)16.020.829.224.112.917.38.726.013.131.6
Dividend Payout Ratio (%)25%22%17%21%39%29%34%23%76%32%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 107118136157233251249295330953
Share Capital 8888141414141414
Reserves 99111128150219237235281316939
Minority Interest0000000000
Debt29382323472828182026
Long Term Debt161611100000
Short Term Debt13222222462828182026
Trade Payables3030336786738798103124
Others Liabilities 748911038365963789862
Total Liabilities 2402753032854034114274885511,166

Fixed Assets

Gross Block8386146111141144149159165164
Accumulated Depreciation29344012314660738593
Net Fixed Assets5452106991109889858071
CWIP 24610129003
Investments 001099139131513
Inventories34374144535572707985
Trade Receivables38444734558077605492
Cash Equivalents 84777782136126132228274847
Others Assets28182017393740315055
Total Assets 2402753032854034114274885511,166

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 133937182517209645-26
PBT 202636293039193758838
Adjustment 610101013107-30-803
Changes in Working Capital -9154-13-7-19442-4-45
Tax Paid -4-13-12-8-11-13-1120-9-16
Cash Flow From Investing Activity -15-49-275-2310-13-77-3033
Capex -15-49-17-5-4-4-12-2-3-11
Net Investments 10-106-176-10-94-41-579
Others 0005-2781814624
Cash Flow From Financing Activity 23-11-23-7-31-10-17-10-12
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -3-4-3-3-5-3-3-2-4-3
Dividend Paid -4-4-4-5-4-9-9-4-8-14
Others 910-3-151-192-1125
Net Cash Flow 0-700-4-4-425-6
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)12.6414.9418.4613.169.5210.255.0113.766.027.01
ROCE (%)18.1220.7123.8518.6315.4215.468.288.388.5910.13
Asset Turnover Ratio1.851.881.81.81.681.541.541.041.150.84
PAT to CFO Conversion(x)1.082.441.610.951.390.711.672.592.37-0.58
Working Capital Days
Receivable Days32313228283944523537
Inventory Days27272829313136544541
Payable Days55505175116111112161130120

TTK Healthcare Ltd Stock News

TTK Healthcare Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of TTK Healthcare on 28-Mar-2024 16:01 is ₹1,491.
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 Healthcare stood at ₹2,095.6.
The latest P/E ratio of TTK Healthcare as of 28-Mar-2024 16:01 is 32.24.
The latest P/B ratio of TTK Healthcare as of 28-Mar-2024 16:01 is 2.14.
The 52-week high of TTK Healthcare is ₹1,681 and the 52-week low is ₹1,006.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of TTK Healthcare is ₹751.9 ( Cr.) .

About TTK Healthcare Ltd

T T K Healthcare Ltd was incorporated in 1958 and went public in the same year. The company's brand wagon consists of products that are sought after by a wide range of customers. The Woodward's Gripe Water brand is the market leader in the baby care category. The Eva range of personal care products (Talc, Deodorant, Skincare) bring together the gentle touch of nature, backed by TTK's extensive research.

TTK Healthcare has an All India sales and distribution network for marketing not only their own products, but also the KIWI Brand (Shoecare), Brylcreem (Haircare) and Kohinoor and Durex brands (Contraceptives). The company also specializes in sales and distribution in India as a joint venture partner. It has a successful tie up with Sara Lee Household and Bodycare Pvt. Ltd. and TTK-LIG Ltd. The company's distribution network comprises of 2800 redistribution stockists who cover both the urban and rural consumers.

TTK Healthcare has three Strategic Business Units

  • Pharamaceuticals Divison - TTK Healthcare's Pharmaceuticals Division has many breakthrough herbal and allopathic formulations, across various therapeutic segments. The range includes calcium supplements, haematinics, cervical dilators, thrombolytic agents, rejuvenators, multimineral supplements, liver correctives and pain management products.
  • Consumer Products Division - The Consumer Products Division(CPD) markets and distributes Woodward's Gripe Water - the undisputed market leader in the baby care category - and the recently introduced Woodward's Baby Soap. Besides handling the national distribution of Durex and Kohinoor condoms, the division also distributes Brylcreem Haircare and Toiletry Products and Kiwi's shoe care range.
  • Biomedical Devices Division- The TTK Heart Valve Division manufactures and distributes India's first indigenous heart valve prosthesis - the tilting-disc TTK Chitra Heart Valve. The only Indian-made heart valve, it is also the most price-friendly and so far nearly 18,000 Chitra valves have been successfully implanted in patients. Initially conceived in 1978, the heart valve being a critical implant, went through the most painstaking development for 12 years at the prestigious Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST), Trivandrum, India - an autonomous institute under the Department of Science and Technology, Government of India.

TTK the three letters that stand for quality consumer products at affordable prices. A reputation built across eight decades. An organization that started out as an indenting agency and grew to what it is today with path-breaking marketing ideas. Those core values that created TTK into a force to be reckoned with continue to define the framework of the TTK Group even today.

Product range of the company includes:

Personal care- Eva range of women’s personal care products

Pharmaceuticals

  • Calcium Supplement Range
  • Delivery Care Range
  • Women's Care Range
  • Haematinic Range
  • Pain Management Range
  • Neurotrophic Range
  • Gastro Intestinal Range
  • Male Fertility Range
  • Nutritional Range
  • Cardiac Care Range

Baby Care:

  • Woodward’s Baby Bath
  • Woodward’s Gripe Water

Animal Care

  • Livestock- Wide range of medicines, tonics and productivity boosters.
  • Poultry- High quality medicines and feed supplements for good productivity
  • Medicines, tonics and supplements for Pets.

Heart Valve - India's first indigenous heart valve prosthesis - the tilting-disc TTK Chitra Heart Valve.

Food - TTK Ready-to-fry Snack Pellets are available in a variety of flavors, shapes, colours and designs

Maps- The Publications Division of TTK Healthcare is the largest producer of maps and map-based publications in the private sector.

Achievements/ recognition:

  • Besides being the first pharmaceutical company in India to be awarded the ISO certification by BIS, TTK Healthcare was also the first to launch technology-driven life-saving products like Urokinase and Dopamine.
  • The first company to launch technology driven life saving products like Urokinase and Dopamine
  • The first to develop a product based on traditional knowledge - LACTARE for Lactation
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