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Tata Metaliks Ltd. Stock Analysis

Small Cap
Evaluated by 1102 users | BSE: 513434 | NSE: TATAMETALI |
Steel/Sponge Iron/Pig Iron
Tata Metaliks incorporated in 1990 is engaged in manufacturing of pig iron, casting, iron ore fines, coke breeze and limestone. Company is promoted by Tata Steel which was formerly known as The Tata Iron and Steel Company.Company is a leading pig iron manufacturer and seller in India which...

Analysis of Financial Track Record

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.
Tata Metaliks Ltd. has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 11.67%-10.33%2.38%23.22%30.24%32.93%23.4%24.88%25.79%19.71%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,3181,1338641,1611,0991,2981,3391,8742,1552,051
Y-o-Y Gr. Rt.--14.1%-23.7%34.3%-5.4%18.2%3.1%40%15%-4.9%
Adjusted EPS (Rs.) 8.68-29.28-1.0428.0735.7246.2647.3764.4464.3559.45
Y-o-Y Gr. Rt.--437.3%NANA27.3%29.5%2.4%36%-0.1%-7.6%
Book Value per Share (Rs.) 44.378.54-13.112.1834.9939.1781.93141.84253.17307.4
Adjusted Net Profit 22-74-2.67190.3117120163181167
Net Op. Cash Flow (Rs. Cr.) -64.5-26.915418278.690.87719637570.2
Debt to Cash Flow from Ops -5.3-16.432.31.352.724.5172.430.113.01
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Tata Metaliks Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 5%13.3%15.3%-4.9%
Adjusted EPS 23.8%10.7%7.9%-7.6%
Book Value per Share 2454.455.421.4
Share Price 27.2% 39.9% -13.3% -11.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 21.8-63.34-2.7882.261.3981.3378.2457.632.1119.8
Operating Profit Margin (%) 5.56-5.935.5810.314.6717.2317.2414.9114.1913.98
Net Profit Margin (%) 1.67-6.54-0.36.118.229.018.958.78.398.14
Debt to Equity 3.053.645.312.321.134.142.61.330.060.24
Working Capital Days 1061281431001071101139099130
Cash Conversion Cycle 203821-14-19-1211301824
Entity Percentage Holding
Promoters 60.03%
Institutions 17.50%
Non-Institutions 22.46%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Tata Metaliks Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Tata Metaliks Ltd. is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Tata Metaliks Ltd.'s performance infers:

Tata Metaliks Ltd. earnings have grown by 10.7%, whereas share price has appreciated 39.9% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Tata Metaliks Ltd. share prices over the last 10 years. Here is what we found out:

Tata Metaliks Ltd. share price has appreciated 15.9% annually over the past ten years.

Tata Metaliks incorporated in 1990 is engaged in manufacturing of pig iron, casting, iron ore fines, coke breeze and limestone. Company is promoted by Tata Steel which was formerly known as The Tata Iron and Steel Company.

Company is a leading pig iron manufacturer and seller in India which have annual capacity of 6,50,000 tonnes .

Company’ manufacturing facilities located at Kharagpur (West Bengal) and Redi (Maharashtra) have received various certifications such as ISO 9001, ISO

Tata Metaliks incorporated in 1990 is engaged in manufacturing of pig iron, casting, iron ore fines, coke breeze and limestone. Company is promoted by Tata Steel which was formerly known as The Tata Iron and Steel Company.

Company is a leading pig iron manufacturer and seller in India which have annual capacity of 6,50,000 tonnes .

Company’ manufacturing facilities located at Kharagpur (West Bengal) and Redi (Maharashtra) have received various certifications such as ISO 9001, ISO 14001 and OHSAS 18001 and NABL ISO 17025 for its quality management.

This consumer centric organisation manufactures pig iron that is rated as the best in India.

The company has formed joint venture with Kubota Corporation of Japan and has floated a new company namely Tata Metaliks Kubota Pipes. This new company is engaged in the business of manufacturing ductile iron pipes.

Products

Pig Iron- Company manufactures Pig iron which is a high quality product. Pig iron has application such as pressure tight precision castings, automobile engine blocks, crankshafts, gears, rolling mill rolls, motor and generator housings, railway and machine tools.   

Casting- Company’s low sulphur and low phosphorus grades pig iron is apt for manufacturing of ductile grades of castings. Company manufactures casting for Automobile–Tractor, MCV, HCV, Material handling equipment manufacturers, Machine tool makers, Pump manufacturers, Power plants, Construction equipment manufacturers and many more.

Others- Under this it manufactures iron ore fines, coke breeze, potted pig, lumpy coke and limestones.

Awards and RecognitionTata Metaliks was awarded CII Exim Bank Award - 2008 for strong commitment to Excel.

The company was honoured with TPM Excellence and TPM consistency awards received from Japan Institute of Plant Maintenance in the year 2002 and 2006.

Tata Metaliks received the Highest Delta and Business Excellence leader in TBEM (TATA BUSINESS EXCELLENCE MODEL) in 2007. They won the JRDQV Award for the year 2007.

Tata Steel (Parent Company) Tata Metaliks is part of the Tata Steel Group of Companies which owns a wide spectrum of companies engaged in the business of steel and steel related manufacturing. It owns companies namely Corus, Tinplate Company of India, Tayo Rolls, Tata Ryerson, Tata Refractories, Tata Sponge Iron, Tata Pigments, Jamshedpur Injection Powder, TM International Logistics, Metal Junction Services, TRF, The Indian Steel and Wire Products and many more.

Future Plans

Sinter Project: Tata Metaliks is establishing a sinter plant at its Kharagpur plant in order to manufacture 6 lakh tonnes of sinter per annum. This project is planned to be commenced by March' 2010.

Coke Oven Plant: Tata Metaliks, Tata Steel (Thailand) and Hooghly Met Coke & Power Co. have entered in an MOU to discover the possibility of setting up a heat recovery coke oven plant along with a power plant.

Karnataka Project: Tata Metaliks is setting up an iron and steel plant located in Haveri District, Karnataka.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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