Tyche Industries Ltd - Stock Valuation and Financial Performance

BSE: 532384 | NSE: | Pharmaceuticals & Drugs | Small Cap

Tyche Inds Share Price

175.65 -1.80 -1.01%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Tyche Inds

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Tyche Industries stock performance -

mw4me loader
P/E Ratio (SA):
12.77
Market Cap:
181.9 Cr.
52-wk low:
131
52-wk high:
219

Is Tyche Industries Ltd an attractive stock to invest in?

1. Is Tyche Industries Ltd a good quality company?

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

2. Is Tyche Industries Ltd undervalued or overvalued?

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

3. Is Tyche Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Tyche Industries 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 Tyche Inds:

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.
Tyche Industries 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 % 12.7%5.1%4.3%5.9%11.6%11.9%24.8%23.4%9.6%12.3%-
Value Creation
Index
-0.1-0.6-0.7-0.6-0.2-0.20.80.7-0.3-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 10463.954.142.651.654.173.778.262.375.481
Sales YoY Gr.--38.8%-15.3%-21.2%21.1%4.8%36.3%6.2%-20.4%21.1%-
Adj EPS 5.71.92.12.95.76.616.619.89.413.313.9
YoY Gr.--66.6%10.6%40.2%94.2%15.5%152.7%19.1%-52.7%41.9%-
BVPS (₹) 42.642.844.646.851.958.875.393.7101.7114121.8
Adj Net
Profit
5.81.92.235.86.71720.39.613.614
Cash Flow from Ops. 9.12.31211.453.815.215.54.56.8-
Debt/CF from Ops. 1.33.80.90000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -3.6%7.9%0.8%21.1%
Adj EPS 9.9%18.5%-7.2%41.9%
BVPS11.6%17.1%14.8%12%
Share Price 21.4% 20.3% 1.5% 29%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
14.14.44.86.411.611.924.823.49.612.311.8
Op. Profit
Mgn %
10.211.15.414.117.717.22931.617.621.419.8
Net Profit
Mgn %
5.6347.111.312.523.125.915.418.117.7
Debt to
Equity
0.30.20.20000000-
Working Cap
Days
166195191178142160140160216208261
Cash Conv.
Cycle
59911106847635467117106226

Recent Performance Summary

Sales growth is good in last 4 quarters at 21.62%

Return on Equity has declined versus last 3 years average to 11.80%

Sales growth has been subdued in last 3 years 0.76%

Net Profit has been subdued in last 3 years -7.17%

Latest Financials - Tyche Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 13.9 -
TTM Sales (₹ Cr.) 80.6 -
BVPS (₹.) 121.8 -
Reserves (₹ Cr.) 115 -
P/BV 1.46 -
PE 12.77 -
From the Market
52 Week Low / High (₹) 131.00 / 219.00
All Time Low / High (₹) 1.10 / 349.90
Market Cap (₹ Cr.) 182
Equity (₹ Cr.) 10.3
Face Value (₹) 10
Industry PE 47.8

Management X-Ray of Tyche Inds:

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 Tyche Inds

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
Sales104645443525474786275
Operating Expenses 94575137434552545159
Manufacturing Costs1512107891013910
Material Costs68342919232429272834
Employee Cost 5666777777
Other Costs 6564456789
Operating Profit 107369921251116
Operating Profit Margin (%) 9.8%11.0%5.4%14.1%17.5%17.2%29.0%31.6%17.6%21.4%
Other Income 0022224545
Interest 1100000000
Depreciation 1322222222
Exceptional Items 0000000-1-10
Profit Before Tax 833691023271319
Tax 3103336735
Profit After Tax 6223671820914
PAT Margin (%) 5.3%3.0%4.6%7.2%11.4%13.2%23.8%25.5%15.0%18.8%
Adjusted EPS (₹)5.41.92.43.05.77.017.119.59.113.8
Dividend Payout Ratio (%)9%26%21%17%9%7%6%5%16%14%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 4444464853607796104117
Share Capital 10101010101010101010
Reserves 333435384350678694107
Minority Interest0000000000
Debt108100000000
Long Term Debt1000000000
Short Term Debt98100000000
Trade Payables137775677612
Others Liabilities 75468810141012
Total Liabilities 74646761677495117120141

Fixed Assets

Gross Block40414242373838404042
Accumulated Depreciation7121416171921222325
Net Fixed Assets33292827201918181717
CWIP 0000000100
Investments 0000000000
Inventories1713545810111118
Trade Receivables1316169101013171622
Cash Equivalents 311415252946616875
Others Assets754577910810
Total Assets 74646761677495117120141

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 92121154151547
PBT 833691023271319
Adjustment -121-1-2-3-7-8-5-7
Changes in Working Capital 2-286-1-3-1-3-3-5
Tax Paid 0000000000
Cash Flow From Investing Activity -6-1-11612032
Capex -7-1-105-10-3-1-2
Net Investments 0000000000
Others 0001122344
Cash Flow From Financing Activity 0-32-11-10-1-1-1-2
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -1-1-1-1-100-100
Others 1-32-1000-10-1-2
Net Cash Flow 3-2121114171577
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)13.434.425.526.5911.6112.625.5523.089.3212.83
ROCE (%)17.837.45.2211.5317.5617.3633.9430.8912.6317.27
Asset Turnover Ratio1.310.960.850.710.820.770.870.740.520.58
PAT to CFO Conversion(x)1.5163.670.830.570.830.750.440.5
Working Capital Days
Receivable Days7780103102666757709893
Inventory Days65836040344543486571
Payable Days12210891136999085958499

Tyche Industries Ltd Stock News

Tyche Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tyche Inds on 28-Mar-2024 16:01 is ₹175.7.
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 Tyche Inds stood at ₹181.9.
The latest P/E ratio of Tyche Inds as of 28-Mar-2024 16:01 is 12.77.
The latest P/B ratio of Tyche Inds as of 28-Mar-2024 16:01 is 1.46.
The 52-week high of Tyche Inds is ₹219.0 and the 52-week low is ₹131.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tyche Inds is ₹80.60 ( Cr.) .

About Tyche Industries Ltd

Tyche Industries was incorporated in the year 1998 as Siris Soft. Initially, the company was established as a software company but later on was diversified into the manufacture of fine chemicals.

The company is headquartered in Hyderabad, the Pharmaceutical, Biotech & IT hub of India. Tyche is a leading manufacturer of API's, Intermediates, Nutraceuticals, Fine and Specialty Chemicals. The company focuses on Custom Synthesis/Contract/Toll Manufacturing and Research & Development for API's, Intermediates and Fine & Specialty Chemicals.

An ISO 9001:2000 certified company; Tyche Industries has state-of-the-art manufacturing plants at Kakinada & Tanuku, Andhra Pradesh and a world class Research & Development Centre at Hyderabad, supported by a highly skilled workforce and a strong R&D team of professionals.

The company is deeply committed to quality, safety and environmental regulations. Its manufacturing plants are periodically audited to ensure their effectiveness in meeting tough production targets. Technology is regularly updated and manufacturing techniques are constantly reviewed to ensure they conform to state-of-the-art trends. Regular training programs are held to fine-tune the performance and skill-sets of its employees.

The company’s products include:

  • Active Pharmaceutical Ingredients (API)
  • Intermediates
  • Chiral Intermediates
  • Nutraceuticals
  • Fine Chemicals

The company’s state-of-the-art R&D centre at Hyderabad is equipped with a Kilo lab and sophisticated instrumentation like:

  • HPLC
  • GC with Head space
  • UV/VIS,FITR
  • Digital Polarimeter
  • Auto Titrators, etc.

The company has manufacturing plants at Kakinada and Tanuku with five production blocks covering 18000 sq mts and reactor volume 150000 liters. The plants are capable of handling complex and hazardous reactions within wide range of process parameters. Lot of care has been taken during plant and auxiliary equipment installation considering proper safety aspects.

The manufacturing plants adopt the latest production techniques and comply with stringent guidelines & requirements of good manufacturing practices (cGMP). The company is in the process of having its plants audited by US FDA and WHO GMP.

Equipment

  • Glass Lined Reactors 500 Liters to 5000 liters.
  • Stainless Reactors 500 Liters to 6300 Liters.
  • All Glass Distillation Assemblies.
  • Fractionating Columns.
  • Centrifuges (SS, Rubber Lined).
  • Nutsche Filters.
  • Agitated Nutsche Filter.
  • Rotary Vacuum Driers.
  • Tray Dryers, Blenders, Sifters, Hammer Mills.
  • SS Hydrogenators. 2Kl, 6Kl, with pressure range - 10Kg/cm2.

Utilities

  • Steam Boilers
  • Generators for Alternate Power Supply
  • De-Mineralized Water Plant
  • Chilling Plants at -5°C, -15°C, -30°C
  • Hot Oil Circulation System for temperatures up to 270°C
  • Vacuum up to 1 TORR
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