Tirupati Starch & Chemicals Ltd

Tirupati Starch Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tirupati Starch & Chemicals Ltd

₹ 164 0.24%
22 Nov - close price
tirupatistarch.com BSE: 524582
About

Incorporated in 1985, Tirupati Starch & Chemicals Ltd manufactures Starch, Dextrose Anhydrous, and other Products[1]

Key Points

Product Profile:[1][2]
a) Main Products:
Maize Starch Powder, Dextrose Anhydrous, Dextrose Monohydrate, Dextrin (White & Yellow), IP Starch, Liquid Glucose, Tyrolese, Vervosize
b) By Products:
Hydrol, Maize Bran, Maize Cattle Feed, Grit, Maize Germ, Maize Gluten, Maize Husk Dry/ Wet, Corn Gluten, and Corn Gem

Website BSE
  • Market Cap ₹ 158 Cr.
  • Current Price ₹ 164
  • High / Low ₹ 264 / 115
  • Stock P/E 830
  • Book Value ₹ 54.2
  • Dividend Yield 0.00 %
  • ROCE 7.74 %
  • ROE 4.40 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 3.03 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Working capital days have increased from 57.7 days to 92.0 days

* 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: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
99.75 92.91 85.53 86.02 75.25 61.60 86.79 82.48 86.23 103.27
95.90 88.44 80.14 78.71 71.13 57.68 81.14 75.56 83.64 98.25
Operating Profit 3.85 4.47 5.39 7.31 4.12 3.92 5.65 6.92 2.59 5.02
OPM % 3.86% 4.81% 6.30% 8.50% 5.48% 6.36% 6.51% 8.39% 3.00% 4.86%
0.11 0.12 0.14 0.21 0.08 0.06 0.12 0.13 0.10 0.13
Interest 1.81 2.03 2.37 2.13 2.12 1.96 2.50 3.52 2.67 2.75
Depreciation 1.46 1.46 1.46 1.24 1.41 1.87 2.10 2.37 1.93 2.08
Profit before tax 0.69 1.10 1.70 4.15 0.67 0.15 1.17 1.16 -1.91 0.32
Tax % 43.48% 28.18% 17.65% 3.86% 17.91% 80.00% 10.26% 52.59% 8.90% -106.25%
0.39 0.80 1.40 3.98 0.55 0.04 1.06 0.55 -2.08 0.66
EPS in Rs 0.56 1.14 1.73 4.92 0.68 0.05 1.11 0.57 -2.17 0.69
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 TTM
364 306 359
343 285 339
Operating Profit 21 21 20
OPM % 6% 7% 6%
1 0 0
Interest 8 10 11
Depreciation 6 8 8
Profit before tax 8 3 1
Tax % 14% 31%
7 2 0
EPS in Rs 8.12 2.28 0.20
Dividend Payout % 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -97%
Stock Price CAGR
10 Years: 31%
5 Years: 48%
3 Years: 50%
1 Year: 38%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Sep 2024
Equity Capital 8 10 10
Reserves 38 44 42
90 154 131
33 19 32
Total Liabilities 169 227 214
55 93 91
CWIP 46 27 35
Investments 0 0 0
68 107 88
Total Assets 169 227 214

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024
23 -34
-25 -32
9 59
Net Cash Flow 8 -7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024
Debtor Days 33 41
Inventory Days 19 83
Days Payable 30 13
Cash Conversion Cycle 22 111
Working Capital Days 23 92
ROCE % 8%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
63.01% 63.03% 63.00% 63.00% 67.98% 67.99% 67.99% 67.99% 68.05% 73.04% 73.04% 73.04%
0.35% 0.35% 0.35% 0.35% 0.30% 0.30% 0.30% 0.30% 0.30% 0.26% 0.26% 0.26%
36.64% 36.62% 36.65% 36.65% 31.70% 31.72% 31.70% 31.71% 31.64% 26.71% 26.71% 26.71%
No. of Shareholders 10,71910,73610,69410,69910,65710,72310,68810,66010,69810,64510,77410,950

* 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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