Thirdwave Financial Intermediaries Ltd

Thirdwave Fin. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Thirdwave Financial Intermediaries Ltd

₹ 196 -1.41%
28 Feb - close price
twfil.com BSE: 531652
About

Incorporated in 1989, Thirdwave Financial Intermediaries Ltd deals in food and beverage processing and other allied services[1]

Key Points

Business Overview:[1][2]
Company was operating as a non-banking financial company but later it ventured in the Food and Beverage processing industry and other allied services. Company plans to setup food kiosks in high footfall areas and plans to become a franchisor

Website BSE
  • Market Cap ₹ 702 Cr.
  • Current Price ₹ 196
  • High / Low ₹ 237 / 42.6
  • Stock P/E
  • Book Value ₹ 16.0
  • Dividend Yield 0.00 %
  • ROCE 3.65 %
  • ROE 2.92 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 12.3 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.45% over past five years.
  • Company has a low return on equity of 0.24% over last 3 years.
  • Debtor days have increased from 38.3 to 62.3 days.
  • Promoter holding has decreased over last 3 years: -3.14%
  • Working capital days have increased from 178 days to 404 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: Retail Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
0.02 0.04 0.00 0.80 0.02 0.54 0.00 0.00 0.00 1.23 0.12 0.60 0.54
0.07 0.18 0.15 0.82 0.07 0.54 0.34 -0.23 -0.07 1.35 0.74 1.30 2.36
Operating Profit -0.05 -0.14 -0.15 -0.02 -0.05 0.00 -0.34 0.23 0.07 -0.12 -0.62 -0.70 -1.82
OPM % -250.00% -350.00% -2.50% -250.00% 0.00% -9.76% -516.67% -116.67% -337.04%
0.01 0.04 0.02 0.07 0.02 0.03 0.02 0.19 0.00 0.00 -0.84 0.06 0.09
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.08 0.09 0.20
Profit before tax -0.04 -0.10 -0.13 0.05 -0.03 0.03 -0.33 0.42 0.07 -0.12 -1.54 -0.73 -1.93
Tax % 0.00% -20.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.04 -0.08 -0.13 0.05 -0.03 0.03 -0.33 0.42 0.07 -0.12 -1.54 -0.73 -1.92
EPS in Rs -0.18 -0.36 -0.59 0.23 -0.14 0.14 -1.49 1.90 0.32 -0.54 -0.43 -0.20 -0.54
Raw PDF

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
0.05 0.04 0.06 0.06 0.40 2.20 0.82 4.90 1.03 1.79 1.37 1.23 2.49
0.14 0.05 0.06 0.06 0.35 1.88 0.84 4.28 1.21 1.86 1.60 1.39 5.75
Operating Profit -0.09 -0.01 0.00 0.00 0.05 0.32 -0.02 0.62 -0.18 -0.07 -0.23 -0.16 -3.26
OPM % -180.00% -25.00% 0.00% 0.00% 12.50% 14.55% -2.44% 12.65% -17.48% -3.91% -16.79% -13.01% -130.92%
0.00 0.00 0.00 0.00 -0.01 0.01 0.01 0.09 0.10 0.14 0.14 0.21 -0.69
Interest 0.00 0.00 0.00 0.00 0.00 0.12 0.07 0.02 0.00 0.00 0.00 0.01 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.37
Profit before tax -0.09 -0.01 0.00 0.00 0.04 0.21 -0.08 0.69 -0.08 0.07 -0.09 0.04 -4.32
Tax % 0.00% 0.00% 25.00% 19.05% 0.00% 17.39% 0.00% 14.29% 0.00% 0.00%
-0.09 -0.02 0.00 0.00 0.03 0.17 -0.08 0.58 -0.08 0.06 -0.09 0.04 -4.31
EPS in Rs -0.41 -0.09 0.00 0.00 0.14 0.77 -0.36 2.63 -0.36 0.27 -0.41 0.18 -1.71
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 41%
5 Years: 8%
3 Years: 6%
TTM: 361%
Compounded Profit Growth
10 Years: 15%
5 Years: 20%
3 Years: 36%
TTM: -1926%
Stock Price CAGR
10 Years: 32%
5 Years: 60%
3 Years: 121%
1 Year: 361%
Return on Equity
10 Years: 5%
5 Years: 8%
3 Years: 0%
Last Year: 3%

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 2.21 2.21 2.21 2.21 2.21 2.21 2.83 2.83 2.83 2.83 2.83 2.83 35.81
Reserves -1.27 -1.29 -1.29 -1.29 -1.25 -1.09 -1.95 -1.37 -1.45 -1.39 -1.48 -1.44 21.43
0.04 0.00 0.00 0.00 0.00 0.87 0.75 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.01 0.01 0.05 0.01 0.13 0.02 0.01 0.01 0.01 -0.01
Total Liabilities 0.98 0.92 0.92 0.93 0.97 2.04 1.64 1.59 1.40 1.45 1.36 1.40 57.23
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.65
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.55 0.55 0.55 0.55 0.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00 48.54
0.43 0.37 0.37 0.38 0.81 2.04 1.64 1.59 1.40 1.45 1.36 1.40 7.04
Total Assets 0.98 0.92 0.92 0.93 0.97 2.04 1.64 1.59 1.40 1.45 1.36 1.40 57.23

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
-0.06 -0.02 0.02 -0.03 -0.03 -1.47 0.10 2.16 -0.54 -0.91 1.28 -1.30
0.00 0.17 0.00 0.03 0.03 0.68 0.00 0.00 0.00 0.00 0.00 0.00
0.04 -0.15 0.00 0.00 0.00 0.87 -0.20 -0.67 0.00 0.00 0.00 0.00
Net Cash Flow -0.02 0.00 0.02 0.00 0.00 0.09 -0.10 1.49 -0.54 -0.91 1.28 -1.30

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 0.00 91.25 121.67 182.50 63.88 14.93 0.00 0.00 7.09 14.27 0.00 62.32
Inventory Days 194.67 365.00 840.61 0.00 138.70 120.16 0.00 0.00
Days Payable 0.00 0.00 0.00 3.65 0.00
Cash Conversion Cycle 0.00 91.25 121.67 182.50 258.54 379.93 840.61 0.00 142.14 134.43 0.00 62.32
Working Capital Days 2,628.00 1,733.75 1,034.17 973.33 209.88 310.25 681.04 -2.98 141.75 126.42 5.33 403.58
ROCE % -9.00% -1.05% 0.00% 0.00% 5.32% 21.69% -1.10% 45.95% -5.63% 4.96% -6.45% 3.65%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
45.65% 45.65% 45.66% 45.66% 45.66% 45.66% 66.85% 66.85% 66.85% 42.51% 42.51% 42.51%
6.17% 6.17% 6.17% 6.17% 6.17% 6.17% 6.17% 6.17% 6.17% 0.38% 0.38% 0.38%
48.18% 48.18% 48.18% 48.18% 48.18% 48.18% 26.98% 26.98% 26.98% 57.11% 57.10% 57.10%
No. of Shareholders 533532539541515493462455433641640687

* 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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