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1. Is T.T. Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that T.T. Ltd is a average quality company.
2. Is T.T. Ltd undervalued or overvalued?
The key valuation ratios of T.T. Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is T.T. Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of T.T. Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |||
| ROCE % ⓘ | 8.3% | 7.8% | 6.1% | 4.7% | 0.5% | 5.8% | 6.3% | 9.1% | 10.4% | -0.6% | - | ||
| Value Creation Index ⓘ | -0.4 | -0.4 | -0.6 | -0.7 | -1.0 | -0.6 | -0.6 | -0.4 | -0.3 | -1.0 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
|||||||||||||
| Sales ⓘ | 744 | 679 | 700 | 678 | 511 | 524 | 423 | 394 | 396 | 203 | 206 | ||
| YoY Gr. Rt. % | - | -8.7% | 3% | -3.1% | -24.6% | 2.6% | -19.3% | -6.9% | 0.4% | -48.7% | - | ||
| Adj EPS ⓘ | 4.2 | 1.9 | 0.5 | -1.7 | -8.9 | -0.2 | -0.6 | 5 | 6.8 | -6.2 | -6 | ||
| YoY Gr. Rt. % | - | -54.9% | -73.8% | -432% | NA | NA | NA | NA | 37% | -191.1% | - | ||
| BVPS (₹) ⓘ | 27.2 | 27.7 | 28.1 | 42.2 | 35.9 | 35.5 | 21.4 | 18.7 | 24.1 | 18.2 | 18.5 | ||
| Adj Net Profit ⓘ | 9.1 | 4.1 | 1.1 | -3.6 | -19.2 | -0.5 | -1.2 | 10.7 | 14.7 | -13.4 | -13 | ||
| Cash Flow from Ops. ⓘ | 58.9 | 46.6 | 47.8 | 16.4 | 51.8 | 20.8 | 39 | 40.1 | 40.9 | 23.6 | - | ||
| Debt/CF from Ops. ⓘ | 5.6 | 6.9 | 6.4 | 19.2 | 5.2 | 13.3 | 7 | 6.3 | 4.2 | 6.3 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | -13.4% | -16.9% | -21.7% | -48.7% | ||||||||
| Adj EPS ⓘ | -204.4% | NA | NA | -191.1% | ||||||||
| BVPSⓘ | -4.3% | -12.7% | -5.3% | -24.3% | ||||||||
| Share Price | 16% | 8.8% | 41.6% | 9.5% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | ||
| Return on Equity % ⓘ | 9 | 4 | 1 | -3.7 | -22.8 | -0.6 | -1.6 | 15 | 19.8 | -18.2 | -32.5 | |
| Op. Profit Mgn % ⓘ | 8.7 | 9.3 | 7 | 5.4 | 5.8 | 7 | 8.3 | 10.1 | 9.9 | 4.8 | 4.7 | |
| Net Profit Mgn % ⓘ | 1.2 | 0.6 | 0.2 | -0.5 | -3.8 | -0.1 | -0.3 | 2.7 | 3.7 | -6.6 | -6.2 | |
| Debt to Equity ⓘ | 5.6 | 5.4 | 5.1 | 3.5 | 3.5 | 3.6 | 5.9 | 6.3 | 3.3 | 3.8 | - | |
| Working Cap Days ⓘ | 78 | 90 | 88 | 94 | 123 | 115 | 144 | 199 | 196 | 278 | 0 | |
| Cash Conv. Cycle ⓘ | 50 | 56 | 54 | 58 | 74 | 69 | 92 | 95 | 96 | 185 | 0 | |
Debt to equity has declined versus last 3 years average to 3.81
Return on Equity is Poor
Sales growth has been subdued in last 3 years -21.71%
Sales growth is not so good in last 4 quarters at -35.37%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -6 | - |
| TTM Sales (₹ Cr.) | 206 | - |
| BVPS (₹.) ⓘ | 18.5 | - |
| Reserves (₹ Cr.) ⓘ | 18 | - |
| P/BV ⓘ | 5.10 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 64.75 / 109.90 |
| All Time Low / High (₹) | 2.07 / 141.50 |
| Market Cap (₹ Cr.) | 202 |
| Equity (₹ Cr.) | 21.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 38.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
TT Ltd. was incorporated as Tirupati Texknit Limited on September 29, 1978 under the Indian Companies Act, 1956, The name of the company was changed to T T Limited with effect from January 15,1998. The company came out with a public issue in 2006.
T T Limited is engaged in the manufacturing of combed cotton yarn, carded cotton yarn and knitted fabric cloth at its units at Gajroula (U.P) and Avinashi (Tamil Nadu). TT is a progressive organization with sound investments in good quality systems and innovative marketing.
TT limited started with facilities to manufacture knitted fabric in 1978 at Ghaziabad. It had a network of franchise manufacturing units for the manufacture of undergarments, which were marketed under the brand name TT. In February 1990 the company came out with a public issue of Rs 330 lakh to acquire certain balancing equipments and also to expand network of franchise manufacturing units of hosiery goods/ knitwears. In the year 1993 the company set up a 100% EOU spinning mill at Gajroula with an installed capacity of 12500 spindles. To part finance the project cost of Rs 2511 Lakhs it came out with a rights Issue of Rs 901 lakh in February 1993.
In April 1994, the company set up another 100% export oriented spinning unit for manufacturing of Carded yarn with 12,500 spindles at Avanashi, Coimbatore at a cost of Rs 1835 lakh. In 2000 the company undertook modernization of Gajroula unit. The Ghaziabad unit was also later relocated to Gajroula in the Year 2004.The company had been granted ISO 9001: 2000 Certification by KPMG for its Gajroula Spinning Unit which was valid upto August 26, 2006. The same has been further renewed for a period of three months by Intertek Quality Registrar vides their Letter dated August 25, 2006. The company converted its 100% Export Oriented Spinning Unit at Avinashi, Coimbatore to a DTA Unit. Today T T Limited has its presence in fibre, yarn, knitted fabrics and undergarments. It has presence in both domestic and international market and is exporting yarn and cotton to various countries. It is selling its products all over India through a network of dealer spread across the country.
The company presently has three manufacturing units
Product range of the company includes:
Man
Woman
Knitted
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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