Tulip Telecom Ltd - Stock Valuation and Financial Performance

Name: Tulip Telecom
Brand: Tulip Telecom

BSE: 532691 | NSE: TULIP | IT - Networking | Small Cap

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Tulip Telecom stock performance -

PE Chart Key Ratios

P/E Ratio (SA):

0.00

Market Cap:

22.2 Cr.

52-wk low:

1.4

52-wk high:

1.6

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1. Is a good quality company?

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2. Is undervalued or overvalued?

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10 Year X-Ray of Tulip Telecom:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Sep'12	Mar'13	TTM
ROCE % ⓘ	38.3%	31.2%	32.2%	31.1%	23.1%	20.7%	14.4%	14.3%	16.2%	-8%	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	275	342	508	841	1,216	1,608	1,965	2,351	2,705	1,890	1,835
Sales YoY Gr.	-	24.6%	48.5%	65.5%	44.7%	32.2%	22.2%	19.6%	15.1%	-30.1%	-
Adj EPS ⓘ	0.8	1.5	3.4	6.7	12.8	20.2	16	21.3	17.6	-55.8	-60
YoY Gr.	-	97.3%	129.1%	97.4%	91.2%	57.6%	-20.8%	33.2%	-17.1%	-416.9%	-
BVPS (₹) ⓘ	2.1	3.6	12.9	19.3	30.7	46.9	64	83.9	64.3	90.7	34.7
Adj Net Profit ⓘ	6.7	13.4	49.1	96.9	185	292	231	308	255	-810	-871
Cash Flow from Ops. ⓘ	-6.1	-1.9	-40.8	132	146	289	189	335	305	20	-
Debt/CF from Ops. ⓘ	-2	-12.3	-1.9	1.1	6.1	3.9	6.3	5.4	5.9	300.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	23.9%	9.2%	-1.3%	-30.1%
Adj EPS ⓘ	-261.4%	-234.3%	-251.8%	-416.9%
BVPSⓘ	52.2%	24.2%	12.3%	40.9%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Sep'12	Mar'13	TTM
Return on Equity % ⓘ	50.3	40.9	42.2	41.6	51.2	51.9	28.8	28.8	29.3	-39.4	-95.8
Op. Profit Mgn % ⓘ	3.9	5.8	13.1	15.8	20.2	20.9	25.6	28.1	27	-3.9	7
Net Profit Mgn % ⓘ	2.5	3.9	9.7	11.5	15.2	18.2	11.8	13.1	9.4	-42.8	-47.4
Debt to Equity ⓘ	0.7	0.7	0.4	0.5	2	1.7	1.3	1.5	1.9	4.6	-
Working Cap Days ⓘ	56	76	97	83	74	93	118	135	121	549	62
Cash Conv. Cycle ⓘ	23	38	65	58	54	50	63	83	69	369	-34

Recent Performance Summary

No data to display

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

Sales growth has been subdued in last 3 years %

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

Latest Financials - Tulip Telecom Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-60	-61.9
TTM Sales (₹ Cr.)	1,835	1,839
BVPS (₹.) ⓘ	34.7	33.6
Reserves (₹ Cr.) ⓘ	474	458
P/BV ⓘ	0.04	0.05
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	1.41 / 1.55
All Time Low / High (₹)	0.94 / 250.00
Market Cap (₹ Cr.)	22.2
Equity (₹ Cr.)	29
Face Value (₹)	2
Industry PE ⓘ	15.9

Management X-Ray of Tulip Telecom:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

26.69

46.01

55.09

92.40

0.00

90.27

89.22

89.08

88.96

88.36

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

Valuation of Tulip Telecom

Analyst's Notes

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Key Ratios of Tulip Telecom

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Sep'12	Mar'13
Sales	274.67	342.21	508.17	840.79	1,216.44	1,608.28	1,965.11	2,350.66	4,057.96	945.03
Operating Expenses ⓘ	263.92	322.27	441.75	708	970.82	1,333.76	1,461.64	1,690.09	2,961.96	981.50
Manufacturing Costs	1.89	1.44	7.53	2.09	4.59	4.64	5.61	9.42	22.46	10.73
Material Costs	251.83	307.96	413.82	655.35	897.69	1,150.99	1,295.26	1,518.75	2,613.18	837.34
Employee Cost	5.11	6.19	9.25	29.42	33.54	63.95	75.68	89.02	198.68	77.97
Other Costs ⓘ	5.08	6.68	11.15	21.14	35	114.18	85.10	72.89	127.63	55.46
Operating Profit ⓘ	10.75	19.94	66.42	132.79	245.63	274.52	503.47	660.58	1,096	-36.47
Operating Profit Margin (%)	3.9%	5.8%	13.1%	15.8%	20.2%	17.1%	25.6%	28.1%	27.0%	-3.9%
Other Income ⓘ	0.18	0.63	1.18	2.35	23.04	95.43	25.03	3.77	6.27	3.41
Interest ⓘ	2.15	3.53	6.35	13.07	25.83	46.21	71.59	85.30	276.86	134.84
Depreciation ⓘ	0.71	1	4.30	15.84	41.80	41.43	135.29	170.53	335.88	134.48
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	68.46	-482.49
Profit Before Tax ⓘ	8.06	16.04	56.95	106.23	201.04	282.31	321.63	408.52	557.99	-784.87
Tax ⓘ	1.30	2.65	7.97	9.27	13.77	32.73	89.94	100.07	124.92	-42.87
Profit After Tax	6.76	13.39	48.98	96.96	187.27	249.58	231.69	308.46	433.06	-742
PAT Margin (%)	2.5%	3.9%	9.6%	11.5%	15.4%	15.5%	11.8%	13.1%	10.7%	-78.5%
Adjusted EPS (₹)	0.8	1.5	3.4	6.7	12.9	17.2	16.0	21.3	29.9	-51.2
Dividend Payout Ratio (%)	0%	0%	6%	6%	3%	5%	10%	8%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Sep'12	Mar'13
Equity and Liabilities
Shareholders Fund	18.70	32.61	186.57	279.48	445.13	680.39	927.59	1,216.51	1,399.38	657.38
Share Capital ⓘ	12	12	29	29	29	29	29	29	29	29
Reserves ⓘ	6.70	20.61	157.57	250.48	416.13	651.39	898.59	1,187.51	1,370.38	628.38
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	12.28	23.76	75.58	141.60	893.82	1,122.45	1,188.57	1,169.41	1,574.49	1,947.56
Long Term Debt	12.28	23.76	75.58	141.60	893.82	1,122.45	1,188.57	928.11	1,126.42	1,587.57
Short Term Debt	0	0	0	0	0	0	0	241.31	448.07	359.99
Trade Payables	26.48	36.01	25.78	27.23	34.34	164.13	88.40	111.65	282.79	102.17
Others Liabilities ⓘ	12.19	19.26	19.81	34.79	37.66	116.53	195.72	770.82	1,308.63	1,324.30
Total Liabilities ⓘ	69.65	111.64	307.74	483.09	1,410.96	2,083.49	2,400.27	3,268.40	4,565.29	4,031.41
Fixed Assets
Gross Block	8.22	19.46	80.02	250.03	444.66	942.74	1,449.24	1,772.06	2,586.62	3,524.30
Accumulated Depreciation	2.09	3.05	7.30	22.91	64.71	106.10	241.38	411.91	747.77	881.41
Net Fixed Assetsⓘ	6.13	16.41	72.72	227.12	379.95	836.64	1,207.86	1,360.16	1,838.85	2,642.89
CWIP ⓘ	0	3.21	0	22.62	139.09	377.21	95.06	291.97	742.82	0
Investmentsⓘ	0.02	0.02	2.02	0.02	0.08	1.51	1.84	378.22	226.45	225.78
Inventories	18.43	20.56	26.25	20.52	70.19	91.64	68.79	99.25	294.99	143.16
Trade Receivables	39.37	60.16	145.68	139.78	199.15	321.77	530.24	630.71	970.80	897.22
Cash Equivalents	3.04	8.81	46.75	36.46	593.23	345.79	345.56	249.76	52.92	21.92
Others Assetsⓘ	2.65	2.47	14.32	36.56	29.26	108.93	150.93	258.33	438.46	100.44
Total Assets ⓘ	69.65	111.64	307.74	483.09	1,410.96	2,083.49	2,400.27	3,268.40	4,565.29	4,031.41

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Sep'12	Mar'13
Cash Flow From Operating Activity ⓘ	-6.10	-1.93	-40.75	132.35	146.09	288.99	188.55	335.35	457.79	10.02
PBT ⓘ	7.92	16.04	56.78	106.23	201.04	282.31	365.47	409.60	489.67	-777.86
Adjustment ⓘ	1.67	2.06	0.94	18.19	37.08	23.31	51.91	152.52	489.49	782.89
Changes in Working Capital ⓘ	-15.69	-20.54	-97.94	5.18	-91.87	-15.88	-227.65	-225.71	-521.23	12.84
Tax Paid ⓘ	0	0.52	-0.17	3.98	-0.18	-0.07	0	0	0	0
Cash Flow From Investing Activity ⓘ	-3.89	-20.11	-95.60	-177.04	-847.66	-269	-107.55	-814.74	-1,054.18	-170.84
Capex	-2.90	-14.50	-57.43	-170.36	-194.64	-736.26	-224.35	-512.21	-1,265.47	-203.49
Net Investments	-0.01	0	-2	2.41	-0.01	-1.42	0	-376.38	220.23	0.67
Others ⓘ	-0.98	-5.61	-36.17	-9.10	-653.01	468.68	116.80	73.85	-8.95	31.98
Cash Flow From Financing Activityⓘ	10.16	21.95	136.97	46.15	704.93	67.56	64.69	453.94	387.09	159.23
Net Proceeds from Shares ⓘ	4	14	94.80	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0.10	3.44	-2.34	49.70	-6.49	-12.05	-11.59	507.38	79.82	364.94
Interest Paid ⓘ	-2.15	-3.53	-6.35	-13.07	-25.83	-46.21	-71.59	-85.30	-276.86	-134.84
Dividend Paid ⓘ	0	0	-2.90	-5.80	-5.80	-13.57	-23.20	-23.20	0	0
Others ⓘ	8.21	8.04	53.75	15.33	743.05	139.39	171.07	55.06	584.13	-70.88
Net Cash Flow ⓘ	0.18	-0.09	0.62	1.46	3.36	87.54	145.69	-25.45	-209.31	-1.60

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'04	Mar'05	Mar'06	Mar'07	Mar'08	Mar'09	Mar'10	Mar'11	Sep'12	Mar'13
Ratios
ROE (%)	50.7	52.35	44.73	41.62	51.7	44.35	28.82	28.77	33.11	-72.15
ROCE (%)	47.57	38.68	38.09	34.93	25.78	20.91	20.07	19.23	23.4	-16.7
Asset Turnover Ratio	5.54	3.78	2.43	2.13	1.28	0.92	0.88	0.83	1.04	0.22
PAT to CFO Conversion(x)	-0.9	-0.14	-0.83	1.36	0.78	1.16	0.81	1.09	1.06	N/A
Working Capital Days
Receivable Days	37	53	74	62	51	59	79	90	72	361
Inventory Days	14	21	17	10	14	18	15	13	18	85
Payable Days	31	37	27	15	13	31	36	24	28	84

Tulip Telecom Ltd Stock News

Tulip Telecom Ltd FAQs

What is the share price of Tulip Telecom?

Company share prices are keep on changing according to the market conditions. The closing price of Tulip Telecom on 01-Jan-1970 05:30 is ₹0.00.

What is the market cap of Tulip Telecom?

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 01-Jan-1970 05:30 the market cap of Tulip Telecom stood at ₹22.18.

What is the P/E ratio of Tulip Telecom?

The latest P/E ratio of Tulip Telecom as of 01-Jan-1970 05:30 is 0.00.

What is the P/B ratio of Tulip Telecom?

The latest P/B ratio of Tulip Telecom as of 01-Jan-1970 05:30 is 0.04.

What is the 52-week high and low of Tulip Telecom?

The 52-week high of Tulip Telecom is ₹1.55 and the 52-week low is ₹1.41.

What is the TTM revenue of Tulip Telecom?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tulip Telecom is ₹1,835 ( Cr.) .

About Tulip Telecom Ltd

Tulip Telecom, incorporated in 1992, is a data telecom service and IT solutions provider. The company offers an innovative IP based infrastructural solutions to its customers. Tulip provides network integration (NI), corporate data connectivity (MPLS VPNs and Internet) within and outside India, infrastructure management services and IT consulting services to enterprises.

The company also specializes in providing eGovernance infrastructure and has worked on numerous projects for the Government of India's National eGovernance Plan.

Headquartered at New Delhi, the company is the largest MPLS VPN player in India. The company has network of 16 Offices, with a presence in 1300 cities.

The company has an employee strength of 2100 people with a client base of 1100. The company has clientele including Reliance capital, Bloomberg, Kotak securities, Axis Bank, Idea, Airtel, Cadbury, Samsung, HPCL, Adani group, Asian Paints and many more.

Products and Services

The company provides network integration under which it provides advanced IP routing and switching, network management, voice over IP, video conferencing, LAN and WAN connectivity (network cabling, wireless connectivity) and application installation and support.

The company offers services such as VPN connectivity, managed services, rural connectivity and corporate internet access.

Tulip Telecom also advisory and consulting services in area of IT infrastructure.

Milestones

1992- Tulip Telecom started its operation in a small flat with only 4 employees. Tulip started its business by purchasing a box of floppies and reselling them.

1994- The company gained recognition of being among top 3 software resellers. It also decided to foray in IT system integration segment.

1995-It became the largest Compaq reseller.

1996- Tulip explored the avenues in area of wireless and telecom and started its operation in Chennai.

1997-Company started its operation in Bangalore and commenced selling telecomm products. It also created expertise in the field of wireless connectivity.

1998- Company received a major order worth Rs.9 crore.

2002- Company set up connectivity in rural India, that became the worldâ€™s largest rural network and worldâ€™s first entirely wireless district Mallapuram, Kerala.

2003- Company established a new office located at Okhla.

2004-The company experimented with the established of a VPN network across the country.

2007- The company expanded its location to 800 locations. The company set up a data center in New Delhi.

2010 - Tulip Telecom Ltd won 3rd prestigious R-APDRP Project.
2011 - Iomega launches video surveillance services; partners with Tulip Telecom, MindTree.
2012 - Tulip Telecom wins Rs. 87.23 crore Order for its new Bangalore Data Center from Unique Identification Authority