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Tarini International Ltd Stock Analysis

Small Cap
Evaluated by 14 users | BSE: 538496 | NSE: |
Engineering
Tarini International was originally incorporated at Delhi as ‘Tarini International Private Limited’ on January 20, 1999, under the provisions of the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, National Capital Territory of Delhi and...

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 24.88%6.49%2.43%1.69%3.04%1.87%2.65%2.26%2.36%1.17%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 32.91.20.80.72.51.10.91.50.9
Y-o-Y Gr. Rt.--1.7%-58.4%-36.9%-7.8%257.8%-55.9%-19.6%66.7%-43.3%
Adjusted EPS (Rs.) 8.481.590.0100.390.170.420.30.370.08
Y-o-Y Gr. Rt.--81.3%-99.4%-100%NA-56.4%147.1%-28.6%23.3%-78.4%
Book Value per Share (Rs.) 22.1523.7314.6314.6314.7822.0522.4922.7923.1723.2
Adjusted Net Profit 1.60.3000.40.20.60.40.50.1
Net Op. Cash Flow (Rs. Cr.) 1.68.1-6.101.2-15-1.50.6-1.30.8
Debt to Cash Flow from Ops 3.981.1-0.6405.76-0.35-4.7110.59-3.78.11
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.
Tarini International Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -13%3.7%-8.8%-43.3%
Adjusted EPS -40.4%-27.2%-42.5%-78.4%
Book Value per Share 0.59.410.1
Share Price - 3.9% -19.8% 226.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 48.335.930.08-0.012.631.041.911.341.620.34
Operating Profit Margin (%) 71.342.6543.9112.17-2.8325.03-25.44-3.05-3.4-73.82
Net Profit Margin (%) 52.049.930.61-0.1349.578.6549.4943.8632.3412.05
Debt to Equity 1.522.030.30.490.520.180.240.20.160.21
Working Capital Days 5334583185671,0711,3735,7197,4794,5508,533
Cash Conversion Cycle 00000142417187481,898
Entity Percentage Holding
Promoters 69.39%
Non-Institutions 30.61%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Tarini International Ltd's performance infers:

Tarini International Ltd earnings have declined by -27.2%, whereas share price has appreciated 3.9% 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.

Data is not available for this company

Tarini International was originally incorporated at Delhi as ‘Tarini International Private Limited’ on January 20, 1999, under the provisions of the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. The company was subsequently converted to a Public Limited Company and consequently the name was changed to ‘Tarini International Limited’ vide fresh certificate of

Tarini International was originally incorporated at Delhi as ‘Tarini International Private Limited’ on January 20, 1999, under the provisions of the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. The company was subsequently converted to a Public Limited Company and consequently the name was changed to ‘Tarini International Limited’ vide fresh certificate of incorporation dated 8th July, 2011 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. The company has been evolved as an engineering arm to provide financial and technical consultancy related to Hydro Power generation, Transmission and Distribution and Infrastructure. The company’s current projects are well geographically based in India and sub African Continent.

Over a period of time, the company has been developed as an integrated player providing turn-key services under one umbrella from designing, construction, generation, transmission and distribution. The company is also professionally competent to undertake projects from concept to commissioning. This entire set of activities, completes the value chain by providing the synergy of backward as well as forward integration. The company is well equipped with state of art tools and equipment and boasts of having a fleet of professionals capable of drawing up complete Detailed Project Report at the shortest period of time including detailed survey, geotechnical/ hydrological observations, land acquisition procedure and layouts ready for implementation.

Business area of the company

The company provides solutions to its clients depending on their requirements inter alia including feasibility studies, detailed project reports, techno economic feasibility reports, financial syndication, lender’s engineer services, basic and detailed engineering, bid process management, project management, cluster development, technical/ financial restructuring, energy audits, corporate debt restructuring, due diligence, qualitative and market research, and Consultation services etc.

Services of the company

Turnkey Projects in T&D: The company takes up Turnkey Projects in Transmission and Distribution by way of competitive bidding and or through negotiations. The company will now focus on African continent as it has abundance of natural resources leading to extensive mining activities involving continuous need of power. The region being power deficient, there are tremendous amount of opportunities for impending power infrastructure works.

Project refurbishment: The company undertakes preparation of detailed technical reports for the nonoperational projects to be refurbished covering technical aspects, cost estimations, engineering, designing and execution.

Project Developer: The company is developing its own, self-identified 5 MW Kanyatana mini small hydro project in Karnataka under IPP. The project is scheduled to be completed in 2 years time and is propose to generate approx. 35 million KWH annually.

Project Consultancy: The company provides technical consultancy services and pick up assignments for preparation of the Feasibility Reports / Detailed Project Reports for prospective Projects. The company provides technical consultancy along with framing of the Detailed Project Reports (DPRs) and detailed designing and engineering for small hydro-projects with various capacities from 3.5 to 100 MW, domestically. The company has been quite successful in its endeavors as the DPRs submitted to the stringent competent Authorities such as HPSEB, Central Design Organization of Narmada water resources Gujarat, Karnataka Renewable Energy Development (KREDL) Karnataka and Gujarat Irrigation Dept. Gujarat have extended appreciations with rave reviews and timely approvals.

 

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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