Tulsyan NEC Ltd

₹ 72.6 0.33%

22 Nov - close price

About

Incorporated in 1947, Tulsyan NEC Ltd manufactures TMT bars, Coal Based
Power Plant and Synthetics Woven
fabrics and sacks^[1]

Key Points

Product Profile:^[1]
Company’s products are TMT Bars, Sponge
Iron, Billets, and Ingots in the steel division
and in the synthetic division, it is PP Woven
Sacks, FIBC and Woven Fabric. TMT Bars are used in the Construction Sector and the plastic products cater to the packaging needs
of various industries such as Cement, Fertilizers, Food grains, Sugar, etc
a) TMT Bars^[2]
b) Wire Rod^[2]
c) Weld Mesh^[2]
d) Bloom^[2]
e) Sponge Iron^[2]
f) Power^[2]
g) Synthetics^[2]

Website BSE

Market Cap ₹ 121 Cr.
Current Price ₹ 72.6
High / Low ₹ 126 / 68.6
Stock P/E
Book Value ₹ 218
Dividend Yield 0.00 %
ROCE -3.62 %
ROE -17.1 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.33 times its book value
Company's working capital requirements have reduced from 57.5 days to 36.9 days

Cons

Company has low interest coverage ratio.
Promoter holding has decreased over last quarter: -7.04%
Contingent liabilities of Rs.47.8 Cr.
Promoters have pledged 98.4% of their holding.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	189.74	158.76	236.77	279.00	226.30	215.48	229.68	245.37	236.69	246.42	227.52	260.91	180.52
	200.10	173.18	215.81	263.49	220.63	233.71	217.41	240.89	236.97	248.04	232.08	246.73	171.42
Operating Profit	-10.36	-14.42	20.96	15.51	5.67	-18.23	12.27	4.48	-0.28	-1.62	-4.56	14.18	9.10
OPM %	-5.46%	-9.08%	8.85%	5.56%	2.51%	-8.46%	5.34%	1.83%	-0.12%	-0.66%	-2.00%	5.43%	5.04%
	174.39	-0.35	362.90	0.12	219.41	0.27	-6.78	0.08	14.82	2.38	0.25	1.34	0.63
Interest	1.07	1.02	1.93	0.96	1.52	1.28	7.20	10.66	9.62	9.15	9.53	9.12	8.49
Depreciation	5.87	6.02	6.11	6.04	6.45	5.81	7.61	6.48	5.50	5.99	6.91	6.00	6.00
Profit before tax	157.09	-21.81	375.82	8.63	217.11	-25.05	-9.32	-12.58	-0.58	-14.38	-20.75	0.40	-4.76
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-606.87%	15.02%	0.00%	0.00%	0.00%	0.00%	0.00%
	157.10	-21.81	375.82	8.63	217.11	-25.05	47.25	-14.47	-0.57	-14.38	-20.75	0.39	-4.77
EPS in Rs	104.73	-14.54	250.55	5.75	144.74	-16.70	28.35	-8.68	-0.34	-8.63	-12.45	0.23	-2.86
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	1,148	1,285	1,235	846	539	710	843	736	567	752	950	956	915
	1,086	1,226	1,193	772	503	695	817	713	545	738	935	958	898
Operating Profit	62	59	41	74	37	15	26	23	22	15	15	-2	17
OPM %	5%	5%	3%	9%	7%	2%	3%	3%	4%	2%	2%	-0%	2%
	5	0	4	3	-2	-7	4	1	197	804	213	18	5
Interest	54	77	75	93	119	140	228	224	203	5	11	39	36
Depreciation	9	22	17	16	25	26	25	25	25	24	26	25	25
Profit before tax	5	-39	-47	-32	-109	-158	-223	-226	-9	790	191	-48	-39
Tax %	24%	56%	-22%	-11%	-20%	0%	0%	0%	0%	0%	-30%	4%
	4	-61	-37	-29	-87	-158	-223	-226	-9	790	248	-50	-40
EPS in Rs	2.53	-40.60	-24.48	-19.11	-58.21	-105.03	-148.39	-150.69	-6.15	526.63	148.76	-30.10	-23.71
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-3%
5 Years:	3%
3 Years:	19%
TTM:	-1%

Compounded Profit Growth
10 Years:	-2%
5 Years:	11%
3 Years:	19%
TTM:	-368%

Stock Price CAGR
10 Years:	14%
5 Years:	%
3 Years:	%
1 Year:	-24%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	-17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	15	15	15	15	15	15	15	15	15	15	17	17	17
Reserves	118	123	99	71	-23	-180	-403	-629	-639	150	403	351	346
	519	553	775	802	1,100	1,167	1,314	1,451	1,474	617	356	314	302
	439	524	449	366	99	158	171	218	106	135	138	158	164
Total Liabilities	1,091	1,215	1,338	1,253	1,190	1,160	1,096	1,055	957	917	914	840	829
	98	334	321	315	737	718	695	673	650	628	565	542	529
CWIP	394	221	270	292	1	0	0	0	0	0	0	2	5
Investments	10	10	8	8	6	6	6	6	6	7	7	7	7
	589	650	739	638	446	435	395	375	301	283	343	289	288
Total Assets	1,091	1,215	1,338	1,253	1,190	1,160	1,096	1,055	957	917	914	840	829

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	119	93	-195	97	19	147	76	39	232	860	336	11
	-176	-80	-38	-29	-13	8	4	-4	-3	-3	1	54
	55	-11	262	-100	-3	-151	-84	-35	-226	-860	-327	-76
Net Cash Flow	-1	2	29	-32	2	3	-4	-0	3	-3	10	-12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	93	95	114	139	139	139	106	117	101	71	37	40
Inventory Days	50	45	46	72	112	62	56	64	85	50	49	37
Days Payable	101	111	100	124	62	59	41	50	13	25	44	57
Cash Conversion Cycle	42	29	60	87	189	143	121	130	173	96	42	19
Working Capital Days	79	72	111	163	118	-6	-33	-65	128	76	59	37
ROCE %	10%	6%	4%	7%	1%	-1%	0%	-0%	-0%	-1%	-1%	-4%

Shareholding Pattern

Numbers in percentages

2 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Aug 2024
	70.45%	70.45%	70.45%	70.45%	70.45%	70.45%	70.45%	70.45%	70.45%	70.45%	70.45%	63.40%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.00%
	29.55%	29.55%	29.55%	29.54%	29.54%	29.55%	29.55%	29.54%	29.54%	29.56%	29.53%	26.60%
No. of Shareholders	4,457	4,456	4,460	4,456	4,453	4,669	4,632	4,527	4,481	4,521	4,674	4,570

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Aug 2024
	70.45%	70.45%	70.45%	70.45%	70.45%	70.45%	70.45%	70.45%	63.40%
	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.00%
	0.00%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	29.54%	29.07%	29.55%	29.55%	29.55%	29.55%	29.55%	29.56%	26.60%
No. of Shareholders	6,338	5,192	4,795	4,473	4,463	4,456	4,669	4,521	4,570

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Tulsyan NEC Ltd

Tulsyan NEC Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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