T.T. Ltd - Stock Valuation and Financial Performance

BSE: 514142 | NSE: TTL | Textile | Small Cap

T.T. Share Price

110.90 -0.35 -0.31%
as on 12-Apr'24 10:14

DeciZen - make an informed investing decision on T.T.

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

T.T. stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
239.2 Cr.
52-wk low:
70.2
52-wk high:
127.9

Is T.T. Ltd an attractive stock to invest in?

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 Semi Strong which suggest that the price of T.T. Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of T.T.:

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.
T.T. 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 % 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 744679700678511524423394396203218
Sales YoY Gr.--8.7%3%-3.1%-24.6%2.6%-19.3%-6.9%0.4%-48.7%-
Adj EPS 4.21.90.5-1.7-8.9-0.2-0.656.8-6.2-2.2
YoY Gr.--54.9%-73.8%-432%NANANANA37%-191.1%-
BVPS (₹) 27.227.728.142.235.935.521.418.724.118.217.5
Adj Net
Profit
9.14.11.1-3.6-19.2-0.5-1.210.714.7-13.4-5
Cash Flow from Ops. 58.946.647.816.451.820.83940.140.923.6-
Debt/CF from Ops. 5.66.96.419.25.213.376.34.26.3-

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%NANA-191.1%
BVPS-4.3%-12.7%-5.3%-24.3%
Share Price 16.4% 15.3% 33.2% 48.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
941-3.7-22.8-0.6-1.61519.8-18.2-12.4
Op. Profit
Mgn %
8.79.375.45.878.310.19.94.85.4
Net Profit
Mgn %
1.20.60.2-0.5-3.8-0.1-0.32.73.7-6.6-2.2
Debt to
Equity
5.65.45.13.53.53.65.96.33.33.8-
Working Cap
Days
78908894123115144199196278110
Cash Conv.
Cycle
50565458746992959618522

Recent Performance Summary

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 2.71%

Latest Financials - T.T. Ltd.

Standalone Consolidated
TTM EPS (₹) -2.2 -
TTM Sales (₹ Cr.) 218 -
BVPS (₹.) 17.5 -
Reserves (₹ Cr.) 16 -
P/BV 6.37 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 70.15 / 127.90
All Time Low / High (₹) 2.07 / 141.50
Market Cap (₹ Cr.) 239
Equity (₹ Cr.) 21.5
Face Value (₹) 10
Industry PE 29.2

Management X-Ray of T.T.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales744679700678511524423394396203
Operating Expenses 679616651642481488388354356193
Manufacturing Costs66768460495350443824
Material Costs559481505521378384287264271136
Employee Cost 21272928262327201613
Other Costs 33333333282725273120
Operating Profit 64634936303735393910
Operating Profit Margin (%) 8.7%9.2%7.0%5.4%5.8%7.0%8.3%10.0%9.9%4.8%
Other Income 00412742112
Interest 38423533303033282217
Depreciation 151515151211111133
Exceptional Items 0000000-2600
Profit Before Tax 12631-60-7-2515-9
Tax 321-290-6-1704
Profit After Tax 9422-150-1-815-13
PAT Margin (%) 1.2%0.6%0.3%0.3%-2.9%0.0%-0.3%-1.9%3.7%-6.2%
Adjusted EPS (₹)4.21.91.01.0-6.90.1-0.6-3.56.8-5.9
Dividend Payout Ratio (%)24%53%50%0%0%0%0%0%15%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 10410410591777674688067
Share Capital 21212121212121212121
Reserves 82838369565553475846
Minority Interest0000000000
Debt283282282291245260257234162140
Long Term Debt1491541511631311381291278864
Short Term Debt1341281311281151221281077477
Trade Payables98179105131675
Others Liabilities 58493951595650392323
Total Liabilities 454444442442392397394358272235

Fixed Assets

Gross Block381383388390303317321127126127
Accumulated Depreciation95110119130788798333538
Net Fixed Assets286273269260225230223949189
CWIP 0030000000
Investments 0000000000
Inventories60646369637687767773
Trade Receivables51515557393732463533
Cash Equivalents 2113222320
Others Assets565451536253511396740
Total Assets 454444442442392397394358272235

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 59474816522139404124
PBT 12631-60-7-2515-9
Adjustment 51554635373842672419
Changes in Working Capital -3-13-0-1919-176-2217
Tax Paid 0-1-1010-200-4
Cash Flow From Investing Activity -14-3-12924-6-3116514
Capex 00-12523-9-4126515
Net Investments 0000000000
Others -15-404031000
Cash Flow From Financing Activity -44-43-36-25-76-15-36-51-107-39
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -245-412-337-9-1-39-24
Interest Paid -35-40-33-33-30-30-33-28-22-17
Dividend Paid -2-2-200000-20
Others 17-63-4-1376-21-442
Net Cash Flow 00000001-1-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)16.316.863.592.85-17.540.21-2.06-17.6131.61-27.87
ROCE (%)12.9212.5610.38.66.498.547.751.1814.134.01
Asset Turnover Ratio1.661.511.581.531.231.331.071.051.260.8
PAT to CFO Conversion(x)6.5611.75248N/AN/AN/AN/A2.73N/A
Working Capital Days
Receivable Days23272730342629363760
Inventory Days313333364748707571136
Payable Days67999711201616

T.T. Ltd Stock News

T.T. Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of T.T. on 12-Apr-2024 10:14 is ₹110.9.
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 12-Apr-2024 10:14 the market cap of T.T. stood at ₹239.2.
The latest P/E ratio of T.T. as of 12-Apr-2024 10:14 is 0.00.
The latest P/B ratio of T.T. as of 12-Apr-2024 10:14 is 6.37.
The 52-week high of T.T. is ₹127.9 and the 52-week low is ₹70.15.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of T.T. is ₹217.9 ( Cr.) .

About T.T. Ltd

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

  • The Gajroula Unit sprawled over 14 acres of land located in verdant green environs about 110 km from the national capital Delhi, very thoughtfully planned, the mill area is spacious and permits the straight line flow of materials.
  • The Tirupur Unit is situated about 66 km north of Coimbatore in south India. The weather is more equitable throughout the year. A dedicated work force of almost 250 workers in the unit and the best technology at its disposal create a conducive atmosphere for excellent house keeping. No doubt that the yarn Quality matches up to the world standards.
  • The Gondal Unit are located in 17 acres of land in the heart of the best cotton growing areas in India. It is 25 km from the city of Rajkot in Gujarat. Machinery is state of the art and all facilities are less then 6 years old.

Product range of the company includes:

Man

  • Vests / Singlet
  • Brief / Drawers
  • T-Shirts
  • Bermuda
  • Socks
  • Handkerchief
  • Others
  • Interlock white
  • Spice Rib White (RN)

Woman

  • Bra
  • Panty
  • Thermal Innerwear
  • Others

Knitted

  • Vests
  • Drawers / Briefs
  • Baba Suits
  • Panties / Bloomers
  • Others

Achievements/ recognition:

  • Trading House Certificate
  • ISO - 9001 Certified
  • OEKO – Certified
  • ISO 9002
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