Tarsons Products Ltd - Stock Valuation and Financial Performance

BSE: 543399 | NSE: TARSONS | Plastic Products | Small Cap

Tarsons Products Share Price

392.50 -3.95 -1.00%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Tarsons Products

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Tarsons Products stock performance -

mw4me loader
P/E Ratio (SA):
37.92
Market Cap:
2,096.6 Cr.
52-wk low:
390.5
52-wk high:
646.4

Is Tarsons Products Ltd an attractive stock to invest in?

1. Is Tarsons Products Ltd a good quality company?

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

2. Is Tarsons Products Ltd undervalued or overvalued?

The key valuation ratios of Tarsons Products Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Tarsons Products Ltd a good buy now?

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

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.
Tarsons Products 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%0%0%0%0%21.7%20.2%27.1%25.6%13.4%-
Value Creation
Index
NANANANANA0.60.40.90.80.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 00000179176229301283273
Sales YoY Gr.-NANANANANA-1.6%30.1%31.4%-5.8%-
Adj EPS 000007.57.413.218.414.410.4
YoY Gr.-NANANANANA-1.2%77.9%39.5%-21.8%-
BVPS (₹) 0000026.637.34892.1107113
Adj Net
Profit
0000038.339.467.398.176.755
Cash Flow from Ops. 0000051.364.268.283.575.6-
Debt/CF from Ops. 000001.30.60.50.31.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA17.2%-5.8%
Adj EPS NANA24.7%-21.8%
BVPSNANA42.1%16.2%
Share Price - - - -23%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0000028.323.730.526.714.59.5
Op. Profit
Mgn %
0000040.138.945.150.845.739.9
Net Profit
Mgn %
0000021.422.429.432.627.120.3
Debt to
Equity
000000.50.20.100.2-
Working Cap
Days
000000371343372543139
Cash Conv.
Cycle
00000017212712718799

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 17.21%

Net Profit is growing at healthy rate in last 3 years 24.74%

Return on Equity has declined versus last 3 years average to 9.40%

Sales growth is not so good in last 4 quarters at -4.60%

Latest Financials - Tarsons Products Ltd.

Standalone Consolidated
TTM EPS (₹) 10.4 18.9
TTM Sales (₹ Cr.) 273 301
BVPS (₹.) 113 0
Reserves (₹ Cr.) 591 489
P/BV 3.49 0.00
PE 37.92 20.83
From the Market
52 Week Low / High (₹) 390.45 / 646.35
All Time Low / High (₹) 390.45 / 928.65
Market Cap (₹ Cr.) 2,097
Equity (₹ Cr.) 10.6
Face Value (₹) 2
Industry PE 35.1

Management X-Ray of Tarsons Products:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Tarsons Products

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Sales179176229301283
Operating Expenses 107108126148154
Manufacturing Costs2423273631
Material Costs5149626365
Employee Cost 1620243134
Other Costs 1616121824
Operating Profit 7268103153129
Operating Profit Margin (%) 40.1%38.9%45.1%50.8%45.7%
Other Income 656812
Interest 76344
Depreciation 1514142229
Exceptional Items 00000
Profit Before Tax 565392135109
Tax 1713243428
Profit After Tax 39416910181
PAT Margin (%) 21.8%23.0%30.1%33.5%28.5%
Adjusted EPS (₹)7.77.713.518.915.2
Dividend Payout Ratio (%)0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 135198244490569
Share Capital 0001111
Reserves 135197244479559
Minority Interest00000
Debt5525261081
Long Term Debt1963981
Short Term Debt36192310
Trade Payables2661310
Others Liabilities 7993115160220
Total Liabilities 271321392673879

Fixed Assets

Gross Block104121163253316
Accumulated Depreciation1529426492
Net Fixed Assets8992120189225
CWIP 7192232119
Investments 00000
Inventories46494782114
Trade Receivables4538476566
Cash Equivalents 12638660
Others Assets8397152219295
Total Assets 271321392673879

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 5164688376
PBT 565392135109
Adjustment 2120162428
Changes in Working Capital -96-16-42-36
Tax Paid -17-15-24-33-24
Cash Flow From Investing Activity -34-25-64-138-179
Capex -34-26-62-132-189
Net Investments 000-77
Others 01-213
Cash Flow From Financing Activity -18-14-2713085
Net Proceeds from Shares 0001500
Net Proceeds from Borrowing -30-11-71090
Interest Paid -6-5-5-4-5
Dividend Paid 00000
Others 172-15-26-1
Net Cash Flow 025-2375-18
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)28.824.3531.1727.4215.24
ROCE (%)31.5727.3537.2235.2819
Asset Turnover Ratio0.660.590.640.560.36
PAT to CFO Conversion(x)1.311.560.990.820.94
Working Capital Days
Receivable Days9186686884
Inventory Days95997678127
Payable Days1430355563

Tarsons Products Ltd Stock News

Tarsons Products Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tarsons Products on 28-Mar-2024 16:01 is ₹392.5.
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 Tarsons Products stood at ₹2,096.6.
The latest P/E ratio of Tarsons Products as of 28-Mar-2024 16:01 is 37.92.
The latest P/B ratio of Tarsons Products as of 28-Mar-2024 16:01 is 3.49.
The 52-week high of Tarsons Products is ₹646.4 and the 52-week low is ₹390.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tarsons Products is ₹272.7 ( Cr.) .

About Tarsons Products Ltd

Tarsons Products is an Indian labware company engaged in the designing, development, manufacturing and marketing of ‘consumables’, ‘reusables’ and ‘others’ including benchtop equipment, used in various laboratories across research organizations, academia institutes, pharmaceutical companies, Contract Research Organizations (CROs), Diagnostic companies and hospitals.  It manufactures a range of quality labware products which helps advance scientific discovery and improve healthcare. The company’s product portfolio is classified into three key categories which include consumables, reusables, and others. ‘Consumables’ category includes products such as centrifuge ware, cryogenic ware, liquid handling, PCR consumables and petri dish, transfer pipettes and others. ‘Reusables’ category includes products such as bottles, carboys, beakers, measuring cylinders and tube racks. ‘Others’ category includes benchtop instrumentation such as vortex shakers, centrifuges pipettors and others.

The company caters to a diverse range of end customers across various sectors which include research organizations, academic institutions, pharmaceutical companies, CROs, diagnostic companies, and hospitals. Some of its end customers include customers such as Indian Institute of Chemical Technology, National Centre for Biological Sciences across academic institutes and research organizations; Dr Reddy's Laboratories, Enzene Biosciences across pharmaceutical sectors; Syngene International, Veeda Clinical Research across CROs; and Molbio Diagnostics, Agappe Diagnostic, Metropolis Healthcare, Dr. Lal Path Labs, Mylab Life Solutions across other sectors such as diagnostics. It distributes its products to these end customers on a pan-India basis through its authorised distributors. It has long-standing relationships with its end customers as well as distributors, which it has achieved by aligning its offerings with their business needs and through the support of an on-ground sales and marketing team.

Business area of the company

The company presently manufactures disposable plastic labware, centrifuge ware, cryo labware, liquid handling system and instruments.

Major events and milestones

  • 1983: Incorporation of the Company with manufacturing of reusable plastic products.
  • 1984: Commenced production of pipette tips.
  • 1987: Commenced production of CFT.
  • 2002: Pioneered the first fully robotic clean room plant for manufacturing of molecular biology consumables.
  • 2009: Obtained ISO 9001:2015 certificate for manufacturing facility.
  • 2012: Set up manufacturing facility expanding into production of fully automatic centrifuge tubes, and cryogenic vials in Dhulagarh.
  • 2018: Obtained ISO 13485:2016/NS-EN ISO 13485:2016 certificate for manufacturing facility.
  • 2018: Clear Vision Investment Holdings acquired 49% equity shareholding in the Company.
  • 2019: Set up line for PCR products in Jalan Industrial Complex at Jangalpur.
  • 2020: Received CE-IVD certification for products.
  • 2019-2021: Acquired 5 acres land to develop a facility for increase in production in Panchla.
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