Tirupati Starch & Chemicals Ltd

₹ 179 -0.36%

30 Jan - close price

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 ₹ 172 Cr.
Current Price ₹ 179
High / Low ₹ 264 / 140
Stock P/E 903
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 3.30 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: FMCG Industry: Miscellaneous

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Detailed Comparison with:

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:	32%
5 Years:	54%
3 Years:	32%
1 Year:	24%

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

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	63.03%	63.00%	63.00%	67.98%	67.99%	67.99%	67.99%	68.05%	73.04%	73.04%	73.04%	73.04%
	0.35%	0.35%	0.35%	0.30%	0.30%	0.30%	0.30%	0.30%	0.26%	0.26%	0.26%	0.26%
	36.62%	36.65%	36.65%	31.70%	31.72%	31.70%	31.71%	31.64%	26.71%	26.71%	26.71%	26.71%
No. of Shareholders	10,736	10,694	10,699	10,657	10,723	10,688	10,660	10,698	10,645	10,774	10,950	10,952

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Dec 2024
	56.87%	56.87%	56.85%	57.51%	63.01%	63.03%	67.99%	73.04%	73.04%
	0.61%	0.61%	0.61%	0.61%	0.35%	0.35%	0.30%	0.26%	0.26%
	42.52%	42.52%	42.55%	41.89%	36.64%	36.62%	31.72%	26.71%	26.71%
No. of Shareholders	11,955	11,785	11,031	10,800	10,760	10,736	10,723	10,645	10,952

* 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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Tirupati Starch & Chemicals Ltd

Tirupati Starch & Chemicals Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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