Times Green Energy (India) Ltd - Stock Valuation and Financial Performance

BSE: 543310 | NSE: | Agriculture | Small Cap

Times Green Energy Share Price

82.75 -2.25 -2.65%
as on 19-Apr'24 16:01

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Times Green Energy (India) stock performance -

mw4me loader
P/E Ratio (SA):
33.50
Market Cap:
13.8 Cr.
52-wk low:
62.6
52-wk high:
86.7

Is Times Green Energy (India) Ltd an attractive stock to invest in?

1. Is Times Green Energy (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Times Green Energy (India) Ltd is a below average quality company.

2. Is Times Green Energy (India) Ltd undervalued or overvalued?

The key valuation ratios of Times Green Energy (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Times Green Energy (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Times Green Energy (India) 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 Times Green Energy:

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.
Times Green Energy (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 1.4%7.3%7.8%9.8%9.9%9.8%2.1%-
Value Creation
Index
-0.9-0.5-0.4-0.3-0.3-0.3-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 10.420.215.215.216.524.720.621
Sales YoY Gr.-95.1%-25%0%8.6%50.3%-16.9%-
Adj EPS 0.63.211.41.72.22.52.5
YoY Gr.-419.4%-69.6%44.9%16.2%30.3%14.9%-
BVPS (₹) 13.516.812.713.915.633.53636
Adj Net
Profit
00.10.10.10.20.40.40
Cash Flow from Ops. 0.20.1-0.3-0.20-2.20.5-
Debt/CF from Ops. 3.16.2-0.3-18.800-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA0.4%10.7%-16.9%
Adj EPS NA-5.2%20.3%14.9%
BVPSNA16.5%37.3%7.4%
Share Price - - - 33.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
4.621.211.610.711.2102.16.9
Op. Profit
Mgn %
0.50.71.11.51.52.13.1NAN
Net Profit
Mgn %
0.20.40.60.911.522
Debt to
Equity
2.21.80.10.10.100-
Working Cap
Days
05063631441581750
Cash Conv.
Cycle
0210262920380

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.71%

Net Profit is growing at healthy rate in last 3 years 20.26%

Return on Equity has declined versus last 3 years average to 6.90%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Times Green Energy (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 2.5 -
TTM Sales (₹ Cr.) 20.6 -
BVPS (₹.) 36 -
Reserves (₹ Cr.) 4 -
P/BV 2.30 -
PE 33.50 -
From the Market
52 Week Low / High (₹) 62.60 / 86.70
All Time Low / High (₹) 55.25 / 96.75
Market Cap (₹ Cr.) 13.8
Equity (₹ Cr.) 1.7
Face Value (₹) 10
Industry PE 25.2

Management X-Ray of Times Green Energy:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Times Green Energy

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales10.3520.1915.1515.1516.4524.7320.56
Operating Expenses 10.3020.0414.9914.9216.2024.2119.92
Manufacturing Costs0000.020.240.090.13
Material Costs10.0519.6914.4814.2915.6123.4019.12
Employee Cost 0.170.240.210.210.170.190.29
Other Costs 0.080.120.300.410.180.530.38
Operating Profit 0.050.150.160.230.250.520.64
Operating Profit Margin (%) 0.5%0.7%1.1%1.5%1.5%2.1%3.1%
Other Income 0000000
Interest 0000000.01
Depreciation 0.030.030.030.030.030.040.07
Exceptional Items 000-0.02000
Profit Before Tax 0.020.120.140.180.220.480.57
Tax 00.040.040.050.060.120.15
Profit After Tax 0.020.080.100.130.160.360.41
PAT Margin (%) 0.2%0.4%0.6%0.9%1.0%1.4%2.0%
Adjusted EPS (₹)0.63.21.01.31.72.22.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 0.340.421.271.391.555.5833.79
Share Capital 0.250.251111.661.66
Reserves 0.090.170.270.390.553.9132.12
Minority Interest0000000
Debt0.750.750.060.200.2000
Long Term Debt0.750.750.060.200.2000
Short Term Debt0000000
Trade Payables1.672.650.931.9186.413.82
Others Liabilities 0.030.110.160.220.391.830.65
Total Liabilities 2.793.922.423.7210.1513.8238.26

Fixed Assets

Gross Block0.650.650.650.650.651.0630.21
Accumulated Depreciation0.140.170.200.220.250.290.36
Net Fixed Assets0.510.480.450.430.400.7729.85
CWIP 0000000
Investments 0000000
Inventories0.120.090.070.070.081.702.79
Trade Receivables1.892.541.803.119.495.554.42
Cash Equivalents 0.020.1300.040.061.300.44
Others Assets0.250.670.090.080.124.510.75
Total Assets 2.793.922.423.7210.1513.8238.26

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 0.240.12-0.29-0.190.02-2.200.50
PBT 0.020.120.140.180.220.480.57
Adjustment 0.030.030.030.020.030.040.07
Changes in Working Capital 0.2-0.02-0.45-0.35-0.17-2.660
Tax Paid -0.01-0.010-0.04-0.06-0.06-0.15
Cash Flow From Investing Activity -0.01000.090-0.41-1.35
Capex -0.01000.090-0.41-1.35
Net Investments 0000000
Others 0000000
Cash Flow From Financing Activity -0.2200.060.1303.85-0.01
Net Proceeds from Shares 000.75004.050
Net Proceeds from Borrowing -0.220-0.690.140-0.200
Interest Paid 000000-0.01
Dividend Paid 0000000
Others 0000000
Net Cash Flow 0.010.12-0.230.030.021.24-0.86
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)4.6121.2311.599.7811.210.037.11
ROCE (%)1.7810.5510.8412.4513.3813.019.88
Asset Turnover Ratio3.716.024.784.932.372.070.79
PAT to CFO Conversion(x)121.5-2.9-1.460.13-6.111.22
Working Capital Days
Receivable Days6640525914011188
Inventory Days422221340
Payable Days6140453611611298

Times Green Energy (India) Ltd Stock News

Times Green Energy (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Times Green Energy on 19-Apr-2024 16:01 is ₹82.75.
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 19-Apr-2024 16:01 the market cap of Times Green Energy stood at ₹13.77.
The latest P/E ratio of Times Green Energy as of 19-Apr-2024 16:01 is 33.50.
The latest P/B ratio of Times Green Energy as of 19-Apr-2024 16:01 is 2.30.
The 52-week high of Times Green Energy is ₹86.70 and the 52-week low is ₹62.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Times Green Energy is ₹20.56 ( Cr.) .

About Times Green Energy (India) Ltd

The company is a women entrepreneurial venture promoted by Dinne Lakshmi Jumaal and Kanuparthi Vani both of whom are dedicated to the cause of improving lives of rural women in India. It is one of the few companies in India having ‘All Women Board of Director’. Its organization is deeply involved in the rural eco-system surrounding women in and around certain villages of Telangana, Andhra Pradesh & border areas of Karnataka. It also involves local agents and traders based in the state of Telangana for sale its goods. Likewise the company also procures goods from local dealers and vendors via local agents based in the state of Telangana.

The company’s promoters began their journey by getting involved in procuring and distribution of natural organic plant protection products and other organic products for the betterment of farming amongst villages and hence the company was formed to formalize such trading and distribution activities. Thereafter it acquired agricultural land in 2013 and used certain available farm area to carry out farming activities to research and develop methods of improving farm yield and thereafter educating and supporting women farmers to use such products thereby growing its distribution and touch point base. Further with its growing network of women among these villages it started helping to create awareness about women hygiene products such as Sanitary Napkins along with other organizations doing such work. Thereafter in 2018 it formally entered into Woman Hygiene & Safety Segment by launching Sanitary Napkins under its brand name -‘Monthly times’.

Business area of the company

The company is currently involved in three core business activities - namely distribution of - Agro Products; Agrochemicals (including organic bio-products) and Sanitary Napkins.

Major events in the history:

  • 2010: The company was incorporated as Times Green Energy (India) Limited and started its business.
  • 2013: The company acquired agricultural land bearing situated at village Dathaipally, Mandal Thurkapally, District Nalgonda, Telangana aggregating to 2 Acres & 14 Gunthas.
  • 2013: The company acquired agricultural land situated at village Dathaipally, Mandal Thurkapally, District Nalgonda, Telangana aggregating to 1 Acre and 22 Gunthas.
  • 2015: Land being survey No. 236, & 236/1/8 was converted into ‘Non-Agricultural’.
  • 2017: The company’s dealers Network crossed 400 across Telangana, Andhra Pradesh & border areas of Karnataka.
  • 2018: The company launched Sanitary Napkins by brand name of “Monthly Times”.
  • 2019: Land bearing survey no. 237/Ru was converted into “Non-Agricultural”.
  • 2020: The company launched an application on the playstore by name of Bharatbazaar (Kisaan to Kitchen).
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