Talwalkars Better Value Fitness Ltd - Stock Valuation and Financial Performance

BSE: 533200 | NSE: TALWALKARS | Miscellaneous | Small Cap

Talwalkars Better Share Price

1.45 0.00 0.00%
as on 22-Mar'21 18:01

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Talwalkars Better Value Fitness stock performance -

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P/E Ratio (SA):
1.84
Market Cap:
4.5 Cr.
52-wk low:
1.5
52-wk high:
1.5

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

The key valuation ratios of Talwalkars Better Value Fitness Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is a good buy now?

No data found

10 Year X-Ray of Talwalkars Better:

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.

Value Creation

Value Creation Index Colour Code Guide

Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18TTM
ROCE % 11.6%11.5%11.5%9.6%11.1%10.6%11.1%10.3%2.8%5%-
Value Creation
Index
-0.2-0.2-0.2-0.3-0.2-0.2-0.2-0.3-0.8-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 59.566.178.799.513016120022949.457.364
Sales YoY Gr.-11.1%19%26.5%31.1%23.4%24.4%14.5%-78.5%16.1%-
Adj EPS 34.56.47.810.612.816.4183.13.30.8
YoY Gr.-47.9%42.9%21.1%36.3%20.9%28.6%9.5%-82.9%7.5%-
BVPS (₹) 13.122.851.758.377.388.3101139.164.565.566.1
Adj Net
Profit
4.88.115.418.727.633.44353.49.110.22
Cash Flow from Ops. 22.121.313.839.15759.376.322.60.649.4-
Debt/CF from Ops. 3.74.67.13.52.63.13.314.4235.83.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -0.4%-15.2%-34.1%16.1%
Adj EPS 1%-20.8%-41.4%7.5%
BVPS19.6%-3.3%-13.5%1.6%
Share Price -37.9% -52% - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18TTM
Return on
Equity %
29.625.818.514.116.115.417.415.835.21.2
Op. Profit
Mgn %
29.239.146.745.348.450.557.159.26468.546.3
Net Profit
Mgn %
812.219.618.821.220.821.523.318.517.83.8
Debt to
Equity
42.40.810.70.810.80.70.8-
Working Cap
Days
536594115102100110204935396175
Cash Conv.
Cycle
-40-71-1411-22-409046104

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 - Talwalkars Better Value Fitness Ltd.

Standalone Consolidated
TTM EPS (₹) 0.8 -0.5
TTM Sales (₹ Cr.) 64.3 90.5
BVPS (₹.) 66.1 65.9
Reserves (₹ Cr.) 174 173
P/BV 0.02 0.02
PE 1.84 0.00
From the Market
52 Week Low / High (₹) 1.45 / 1.45
All Time Low / High (₹) 0.93 / 409.80
Market Cap (₹ Cr.) 4.5
Equity (₹ Cr.) 31
Face Value (₹) 10
Industry PE 12.1

Management X-Ray of Talwalkars Better:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *68.4176.6274.7076.1175.3971.2171.2171.2169.8369.83
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Talwalkars Better

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18
Sales59.5266.1278.6699.47130.44161.01200.22229.2249.3557.28
Operating Expenses 42.1540.2941.9054.4167.2679.7585.9593.6517.7618.02
Manufacturing Costs6.196.518.1910.3110.4210.809.6210.321.371.39
Material Costs00000.130.210.0200.290.38
Employee Cost 15.4215.2617.1520.8726.4227.8229.2431.568.168.25
Other Costs 20.5518.5116.5623.2330.2940.9247.0751.767.938
Operating Profit 17.3725.8336.7645.0663.1781.26114.28135.5831.5939.26
Operating Profit Margin (%) 29.2%39.1%46.7%45.3%48.4%50.5%57.1%59.1%64.0%68.5%
Other Income 0.220.381.891.421.260.830.796.723.053.20
Interest 88.327.647.7910.1410.1912.4916.148.1510.64
Depreciation 4.586.098.3310.9413.2322.2736.6843.5612.6217.87
Exceptional Items 2.80-0.21-0.360.370-0.030-0.0300
Profit Before Tax 7.8111.5922.3228.1141.0649.6065.9082.5713.8813.95
Tax 1.083.657.098.9113.3916.2022.9229.184.773.73
Profit After Tax 6.737.9415.2319.2027.6733.4042.9853.399.1110.22
PAT Margin (%) 11.3%12.0%19.4%19.3%21.2%20.7%21.5%23.3%18.5%17.8%
Adjusted EPS (₹)4.34.46.38.010.612.816.418.03.13.3
Dividend Payout Ratio (%)0%11%16%16%14%12%9%8%49%15%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18

Equity and Liabilities

Shareholders Fund 20.5642.05124.78140.47202.25231.05264.32413.13191.44202.96
Share Capital 1.9718.0724.1224.1226.1826.1826.1829.7129.7131.01
Reserves 18.5923.99100.66116.36176.06204.87238.13383.42161.73171.96
Minority Interest0000000000
Debt81.2697.2085.23123.57123.44153.85235.78274.05114.02164.05
Long Term Debt81.2697.2084.67113.57119.13123.85235.78274.05114.02164.05
Short Term Debt000.57104.32300000
Trade Payables7.256.064.345.216.048.2513.459.4504.30
Others Liabilities 7.7716.2046.2050.4978.4885.8472.51106.5664.2948.23
Total Liabilities 116.85161.52260.56319.74410.20479586.06803.19369.75419.53

Fixed Assets

Gross Block110.89132.19189.04250.13334.33436.94496.08576.05266.69309.08
Accumulated Depreciation10.1016.0824.1627.9641.1863.0698.06141.5212.6130.49
Net Fixed Assets100.79116.11164.88222.17293.15373.88398.02434.54254.07278.59
CWIP 1.7613.0227.4321.6229.7034.4057.2659.6012.073.97
Investments 4.104.949.6919.4024.8510.977.2511.4821.3033.81
Inventories00000.160.060.040.040.290.31
Trade Receivables0.603.2914.4414.7713.8227.4229.4128.3715.427.04
Cash Equivalents 0.7612.4927.9518.0419.384.1644.31120.037.1153.95
Others Assets8.8411.6816.1723.7529.1428.1049.76149.1559.4841.87
Total Assets 116.85161.52260.56319.74410.20479586.06803.19369.75419.53

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18
Cash Flow From Operating Activity 22.1021.3113.8239.1457.0359.3376.3122.560.6049.36
PBT 7.8111.5922.3228.1141.0649.6065.9082.5713.8813.95
Adjustment 9.6414.4014.9718.0122.3631.6647.5753.0617.7525.53
Changes in Working Capital 5.73-3.61-18.28-5.44-0.48-11.87-15.39-85.89-29.0312.54
Tax Paid -1.07-1.07-5.19-1.54-5.91-10.06-21.77-27.18-2-2.65
Cash Flow From Investing Activity -35.52-32.83-74.06-71.20-89.18-82.05-74.45-68.76-7.43-20.50
Capex -32.92-31.99-70.53-61.85-84.07-97.8530.68-70.64-19.27-40.29
Net Investments -2.60-0.84-4.52-9.36-5.4215.613.721.89-10-6.50
Others 00100.310.19-108.85021.8426.28
Cash Flow From Financing Activity 12.1023.2575.8722.8733.507.3538.30121.92-2.0217.98
Net Proceeds from Shares 018.5076.940000107.4801.30
Net Proceeds from Borrowing -30.52-71.99-35.57-28.35-52.84-67.92-229.96-45.8100
Interest Paid -8-8.09-9.93-12.14-11.49-13.02-22.50-26.30-6.40-8.45
Dividend Paid -0.02-0.02-1.21-2.41-3.01-3.93-3.93-4.4600
Others 50.6384.8545.6465.77100.8492.21294.6891.014.3825.13
Net Cash Flow -1.3211.7315.64-9.191.35-15.3840.1575.73-8.8546.84
PARTICULARSMar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18
Ratios
ROE (%)41.7925.6818.3414.4716.1515.4217.3515.763.015.18
ROCE (%)17.6516.5716.5814.3316.3115.6516.815.724.126.99
Asset Turnover Ratio0.580.480.410.380.40.40.420.330.080.15
PAT to CFO Conversion(x)3.282.680.912.042.061.781.780.420.074.83
Working Capital Days
Receivable Days41137493642464616272
Inventory Days0000000012
Payable Days000000005,9662,070

Talwalkars Better Value Fitness Ltd Stock News

Talwalkars Better Value Fitness Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Talwalkars Better on 22-Mar-2021 18:01 is ₹1.45.
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 22-Mar-2021 18:01 the market cap of Talwalkars Better stood at ₹4.50.
The latest P/E ratio of Talwalkars Better as of 22-Mar-2021 18:01 is 1.84.
The latest P/B ratio of Talwalkars Better as of 22-Mar-2021 18:01 is 0.02.
The 52-week high of Talwalkars Better is ₹1.45 and the 52-week low is ₹1.45.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Talwalkars Better is ₹64.27 ( Cr.) .

About Talwalkars Better Value Fitness Ltd

Talwalkars Better Value Fitness incorporated as “Talwalkars Better Value Fitness Private Limited”, a private limited company under the provisions of the Indian Companies Act, 1956, vide Certificate of Incorporation dated April 24, 2003 at Mumbai, Maharashtra. Pursuant to a Board resolution dated September 10, 2009 and a special resolution of the shareholders of the company at the EGM held on October 1, 2009, the company became a public limited company and the company's name was changed to “Talwalkars Better Value Fitness Limited”. The fresh Certificate of Incorporation to reflect the new name was issued by the RoC on November 7, 2009.

The company traces the history of its brand “Talwalkars” when the first gym was setup in the year 1932 by late Vishnu Talwalkar in Mumbai. Madhukar Talwalkar, eldest son of late Vishnu Talwalkar, carried on with the legacy and started his first gym in Bandra, Mumbai in the year 1962 by the name “Talwalkars Gymnasium”. Madhukar Talwalkarhad been instrumental in creating the brand “Talwalkars” over the past several decades. The company, Talwalkars Better Value Fitness Limited, was co-promoted in the year 2003 by the Talwalkar Group and the Gawande Group with the object of developing “Talwalkars” brand as a leader in health clubs.

The company is one of the largest fitness chains in India offering a diverse suite of services including gyms, spas, aerobics and health counseling under the brand “Talwalkars”. “Talwalkars” has pioneered the concept of gyms in India and today it is a recognized name in the health and fitness industry. The company has grown rapidly since its inception and, as on the date operates 51 health clubs in 24 cities belonging to 11 states of the country serving over 55,000 members.

Milestones:

2003 – 2004

  • Shareholder’s Agreement dated July 01, 2003, between Talwalkar Group and Gawande Group
  • Acquisition of the business as a going concern of partnership firm Talwalkars Health Unlimited
  • Agreement dated September 05, 2003 for purchase of business of Talwalkar Omnifitness Private Limited situated at Ulsoor, Bangalore.

2005 - 2006

  • Franchisee Agreement dated June 15, 2005 executed between the company and Pinnacle Fitness Private Limited for two gymnasiums located at NCR.
  • Franchisee Agreement dated August 05, 2005 executed between the company and Kandarkar and Shinde Associates for gymnasium located at Navi Mumbai.
  • Franchisee Agreement dated August 24, 2005 executed between the company and Equinox Wellness Private Limited for gymnasium located at Kolkatta.
  • Share and CPS (Convertible Preference Shares) subscription agreement dated January 09, 2006 executed between our company and Shivanand Shankar Mankekar, Kedar Shivanad Mankekar and Laxmi Shivanand Mankekar and promoters.

2006 – 2007

  • Joint Venture Agreement dated August 06, 2006 executed with Palestra Enterprises Private Limited for running a joint venture in the name of “Denovo Enterprises Private Limited”.
  • Franchisee Agreement dated August 10, 2006 executed between our company and Denovo Enterprises Private Limited for gymnasiums located at Jaipur and Indore.
  • Joint Venture Agreement dated October 05, 2006 executed with Pantaloon Retail (India) Limited for running a joint venture in the name of “Talwalkars Pantaloon Fitness Private Limited”.

2007 – 2008

  • Agreement dated October 03, 2007 executed by the company with Procam International Limited whereby the company shall be the trainer of Standard Chartered Mumbai Marathon for the calendar years 2008, 2009 and 2010.

2008 – 2009

  • The company commences a dormitory and training academy at Thane Agreement dated June 24, 2008 for purchase of business of Talwalkars Health Commune situated at Chembur, Mumbai.
  • Agreement dated July 15, 2008 for purchase of business of Club Business Systems situated at Nungumbakkam, Chennai.
  • Franchisee Agreement dated September 17, 2008 executed between the company and Jyotsna Shinde & Associates for gymnasium located at Byramji Town, Nagpur.
  • Letter of Intent issued by Bennett, Coleman & Co. Limited appointing the company as the Official Fitness Trainer for Femina Miss India.

2009 - 2010

  • MoU dated November 05, 2009 signed between the company and Life Fitness India Private Limited for setting up additional gyms.

Products and service offering:

1. Fitness Training:

  • Personal exercise program
  • Body sculpting
  • Body shaping

2. Nutrition Centre:

  • Weight loss program
  • Weight maintenance program
  • Weight gain program

3. Value Add-ons:

  • Spa /Massage
  • Aerobics
  • Spinning
  • Steam/Sauna bath

Subsidiary:

  • Aspire Fitness Private Limited

The company and Life Fitness India Private Limited entered into a Memorandum of Understanding (MoU) dated November 05, 2009 for forming a joint venture company in which Talwalkars will hold 50% plus one share of its equity shareholding. Pursuant to this MoU, Aspire Fitness Private Limited (“Aspire), a private limited company was incorporated.

Joint Venture and Associate Companies:

  • Talwalkars Pantaloon Fitness Private Limited (TPFPL)

TPFPL incorporated on December 19, 2006 as a private limited company and registered with the Registrar of Companies, Mumbai under the name “Talwalkars Pantaloon Fitness Private Limited”. It is engaged, in the business to organize, build, establish, run, conduct, develop, manage, promote, and maintain gymnasium, health centers, nutrition centers, health club and physiotherapy centers.

  • Denovo Enterprises Private Limited (DEPL)

DEPL incorporated on February 8, 2005 as a private limited company and registered with the Registrar of Companies, Maharashtra, Mumbai under the name “Denovo Enterprises Private Limited”. DEPL is engaged in the business to carry on in India and abroad the business of setting, running, building hotels, fitness club, health center, gymnasium, sports club, recreation club, swimming pools, massage house and paddling pools, libraries, hair, beauty saloons.

  • Equinox Wellness Private Limited (EWPL)

EWPL incorporated on June 8, 2004 as a private limited company and registered with the Registrar of Companies, West Bengal under the name “Equinox Wellness Private Limited”. EWPL is engaged in the business to own, run, and manage gymnasium and fitness centers.

Group Companies:

1. Life Fitness India Private Limited (LFIPL);2. Pinnacle Fitness Private Limited (PFPL);3. Talwalkars Omnifitness Private Limited (TOFPL);4. R2 Infrastructure Private Limited (RIPL);5. Better Value Leasing & Finance Limited (BVLFL);6. Gawande Consultants Private Limited (GCPL);7. Anfin Investments Private Limited (AIPL);8. Better Value Restaurants Private Limited (BVRPL);9. Better Value Properties Private Limited (BVPPL);10. Vrindavan Restaurant Private Limited (VRPL);11. Brainworks Learning Systems Private Limited (BLSPL);12. Radhika Hotels Private Limited (RHPL);13. Vakratund Land Developers Private Limited (VLDPL);14. Better Value Brands Private Limited (BVBPL)15. Popular Institute of Art Private Limited (PIAPL);16. Popular Prakashan Private Limited (PPPL)17. Indian Cookery.Com Private Limited (ICPL) and18. Popular Educational Enterprise Private Limited (PEEPL)

Partnership Firms:

1. Talwalkars;2. Talwalkars Fitness Club;3. Talwalkars Health Complex;4. Fitness India Investments;5. Club Business Systems;6. Talwalkars Health & Leisure;7. Talwalkars Health Commune;8. Vrindavan;9. Bhatkal Book International;10. Popular Book Depot Printing Division;11. Bhatkal & Sen;12. Talwalkars Fitness Products

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