Tulsyan NEC Ltd - Stock Valuation and Financial Performance

BSE: 513629 | NSE: TULSYAN | Steel & Iron Products | Small Cap

Tulsyan NEC Share Price

83 -1.45 -1.72%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Tulsyan NEC

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

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Tulsyan NEC stock performance -

mw4me loader
P/E Ratio (SA):
7.11
Market Cap:
126.7 Cr.
52-wk low:
49.3
52-wk high:
125.8

Is Tulsyan NEC Ltd an attractive stock to invest in?

1. Is Tulsyan NEC Ltd a good quality company?

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

2. Is Tulsyan NEC Ltd undervalued or overvalued?

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

3. Is Tulsyan NEC Ltd a good buy now?

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

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.
Tulsyan NEC 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 % -0.6%2.2%4.1%-0.2%-5%-6.5%-7.7%-0.6%28.2%13.8%-
Value Creation
Index
-1.0-0.9-0.7NANANANANA1.00.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,2851,235846539710843736567752950958
Sales YoY Gr.--3.9%-31.5%-36.2%31.7%18.7%-12.7%-23%32.8%26.3%-
Adj EPS -38.3-23.6-19.6-57-99.9-147.8-150.2-97.9151.26011.9
YoY Gr.-NANANANANANANANA-60.3%-
BVPS (₹) 93.777.558.3-6.3-113-263.6-417.4-424.2112.3253.6259.3
Adj Net
Profit
-57.5-35.5-29.3-85.4-150-222-225-14722710018
Cash Flow from Ops. 93.3-19597.218.714775.839.2232860336-
Debt/CF from Ops. 5.9-3.98.258.9817.3376.40.71.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -3.3%6%8.9%26.3%
Adj EPS NANANA-60.3%
BVPS11.7%NANA125.9%
Share Price 15.6% 45.6% 87% 60.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-41.4-26.5-27-199.5171.880.14523.7-98.834.24.6
Op. Profit
Mgn %
4.43.28.66.71.83.23.13.61.81.51.6
Net Profit
Mgn %
-4.5-2.9-3.5-15.9-21.1-26.3-30.6-25.930.210.51.9
Debt to
Equity
3.86.38.4-118.3-7-3.4-2.4-2.43.70.9-
Working Cap
Days
1601862663292151771892141389856
Cash Conv.
Cycle
294275146129117129156102565

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 4.60%

Debt to equity has declined versus last 3 years average to 0.85

Sales growth has been subdued in last 3 years 8.90%

Sales growth is not so good in last 4 quarters at 0.98%

Latest Financials - Tulsyan NEC Ltd.

Standalone Consolidated
TTM EPS (₹) 11.9 -64.5
TTM Sales (₹ Cr.) 958 969
BVPS (₹.) 259.3 242.9
Reserves (₹ Cr.) 374 349
P/BV 0.33 0.35
PE 7.11 0.00
From the Market
52 Week Low / High (₹) 49.31 / 125.75
All Time Low / High (₹) 4.00 / 142.90
Market Cap (₹ Cr.) 127
Equity (₹ Cr.) 15
Face Value (₹) 10
Industry PE 24.8

Management X-Ray of Tulsyan NEC:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *99.6399.6399.6399.6399.6399.6399.6392.521.368.47
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Tulsyan NEC

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
Sales1,2851,235846539710843736567752950
Operating Expenses 1,2281,195773504697819715547739937
Manufacturing Costs89747773117135124103122138
Material Costs1,0971,077647393515610539392574735
Employee Cost 27272826293132283132
Other Costs 15172112364320231332
Operating Profit 57407236132421201314
Operating Profit Margin (%) 4.4%3.2%8.6%6.6%1.8%2.8%2.9%3.5%1.8%1.4%
Other Income 7752782214
Interest 777593119140228224203511
Depreciation 22171625262525252426
Exceptional Items -5-20-3-11-20197804211
Profit Before Tax -39-47-32-109-158-223-226-9790191
Tax 22-11-3-2200000-57
Profit After Tax -61-37-29-87-158-223-226-9790248
PAT Margin (%) -4.7%-3.0%-3.4%-16.2%-22.2%-26.4%-30.7%-1.6%105.0%26.1%
Adjusted EPS (₹)-41.4-25.0-19.5-59.4-107.0-151.0-153.0-6.3536.9149.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 14512394-9-166-388-614-624165420
Share Capital 22232415151515151517
Reserves 1239971-23-180-403-629-639150403
Minority Interest0000000000
Debt5467667939418831,0081,1561,182316307
Long Term Debt269582570501429496619701149240
Short Term Debt27718522344045551253748116766
Trade Payables34330122671877278134089
Others Liabilities 18014714018735540443538639642
Total Liabilities 1,2151,3381,2531,1901,1601,0961,055957917857

Fixed Assets

Gross Block429424433761768769889889891840
Accumulated Depreciation95103118245074215239263275
Net Fixed Assets334321315737718695673650628565
CWIP 2212702921000000
Investments 10887666677
Inventories140139132128929899907998
Trade Receivables33438432120527124523515614697
Cash Equivalents 215018169349713
Others Assets15516516796634937455177
Total Assets 1,2151,3381,2531,1901,1601,0961,055957917857

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 93-19597191477639232860336
PBT -39-47-32-109-158-223-226-9790191
Adjustment 81691011381602562492272936
Changes in Working Capital 51-21728-914543171441108
Tax Paid 0000000002
Cash Flow From Investing Activity -80-38-29-1384-4-3-31
Capex -85-44-31-19-63-4-1-2-4
Net Investments 0205131-1-2-14
Others 5411100001
Cash Flow From Financing Activity -11263-100-3-151-84-35-226-860-327
Net Proceeds from Shares 741400000007
Net Proceeds from Borrowing -21313-12-84-736712382-55291
Interest Paid -64-65-88-109-93-209-183-316-3-73
Dividend Paid 0000000000
Others 0001901458258-306-352
Net Cash Flow 229-3223-403-310
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-45.08-29.19-28.73N/AN/AN/AN/AN/A084.77
ROCE (%)5.63.516.89N/AN/AN/AN/AN/A97.425.98
Asset Turnover Ratio1.191.010.690.480.620.750.680.560.81.07
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/A1.091.35
Working Capital Days
Receivable Days841011431651201121191267347
Inventory Days37395582564149614134
Payable Days102109149138564851431732

Tulsyan NEC Ltd Stock News

Tulsyan NEC Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tulsyan NEC on 28-Mar-2024 16:01 is ₹83.00.
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 Tulsyan NEC stood at ₹126.7.
The latest P/E ratio of Tulsyan NEC as of 28-Mar-2024 16:01 is 7.11.
The latest P/B ratio of Tulsyan NEC as of 28-Mar-2024 16:01 is 0.33.
The 52-week high of Tulsyan NEC is ₹125.8 and the 52-week low is ₹49.31.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tulsyan NEC is ₹958.2 ( Cr.) .

About Tulsyan NEC Ltd

Tulsyan NEC Limited (TULSYAN) was incorporated in 1955, the company earlier known as National Engineering Company. The company office is located at 61, Sembudoss Street, Chennai, Tamil Nadu-600001 .The company is a diversified company with business interests in steel and plastic packaging material. Manufacturing facilities are spread across Goa, Karnataka and Tamil Nadu.

Business Profile:

The company manufactures thermo mechanically treated (TMT) bars, billets and ingots in the steel division and polypropylene woven sacks, flexible intermediate bulk containers and woven fabric in the synthetic division. The steel products are used in the construction sector and the plastic products cater to the packaging needs of the cement, fertilizers, food grains, sugar, and other sectors. It is having a total combined capacity of 84,000 MTPA steel products; 222,000 MTPA MS pipes, billets, rounds, wires and other rolled products; 36,000 MTPA mild steel ingots; and 17,541 MTPA high density polyethylene and polypropylene woven fabric and sacks. The company has enhanced its customer base and caters to the markets in Gujarat, Maharashtra, Tamil Nadu, Andhra Pradesh, Goa, Kerala and Karnataka

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