Tainwala Chemicals & Plastics (India) Ltd

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

Tainwala Chemicals & Plastics (India) Ltd

₹ 220 1.03%
12 Mar 9:56 a.m.
tainwala.in BSE: 507785 NSE: TAINWALCHM
About

Incorporated in 1985, Tainwala Chemicals
& Plastics Ltd does manufacturing of plastic sheets and trading of commodity and share[1]

Key Points

Business Overview:[1][2]
TCPL is a flagship company of Tainwala Group. It does manufacturing of extruded plastic sheets of various polymers like PVC, PP, PPGL, HDPE, ABS etc. from 0.5 mm to 30 mm thickness. Company had technical collaboration with Cincinnati Milacron in Austria for manufacturing PVC Sheets, and Amut Spa in Italy for expansion of its plastic sheet extrusion business. These sheets are very good substitutes for conventional materials like wood, metal etc. due to its advantages of being tough, light and anti-corrosive.

Website BSE NSE
  • Market Cap ₹ 206 Cr.
  • Current Price ₹ 220
  • High / Low ₹ 338 / 120
  • Stock P/E 52.4
  • Book Value ₹ 159
  • Dividend Yield 0.00 %
  • ROCE 4.24 %
  • ROE 3.71 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company's working capital requirements have reduced from 108 days to 41.7 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 0.92% over last 3 years.
  • Earnings include an other income of Rs.4.89 Cr.

* 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: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

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
3.63 1.00 1.77 1.18 1.74 8.14 6.48 6.36 4.40 0.79 1.55 4.97 4.59
4.12 3.07 2.08 2.19 1.68 12.31 6.64 6.28 4.43 0.91 1.27 5.08 4.02
Operating Profit -0.49 -2.07 -0.31 -1.01 0.06 -4.17 -0.16 0.08 -0.03 -0.12 0.28 -0.11 0.57
OPM % -13.50% -207.00% -17.51% -85.59% 3.45% -51.23% -2.47% 1.26% -0.68% -15.19% 18.06% -2.21% 12.42%
2.86 0.95 0.55 3.83 3.57 1.82 0.55 5.38 0.51 -0.24 0.79 3.77 0.57
Interest 0.33 0.01 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.01
Depreciation 0.12 0.01 0.09 0.12 0.12 0.12 0.12 0.12 0.11 0.07 0.10 0.10 0.10
Profit before tax 1.92 -1.14 0.15 2.70 3.51 -2.48 0.26 5.34 0.37 -0.43 0.97 3.56 1.03
Tax % 7.81% -13.16% 13.33% 10.00% 0.00% 13.71% 0.00% 11.61% 27.03% 2.33% 18.56% 4.21% 84.47%
1.77 -0.99 0.14 2.44 3.51 -2.82 0.26 4.72 0.27 -0.44 0.79 3.42 0.16
EPS in Rs 1.89 -1.06 0.15 2.61 3.75 -3.01 0.28 5.04 0.29 -0.47 0.84 3.65 0.17
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
9.63 8.27 9.73 9.44 5.73 11.48 11.53 10.58 6.47 7.72 12.83 18.03 11.90
10.40 8.91 10.73 11.85 8.11 14.37 14.93 12.56 8.90 11.43 18.26 18.26 11.28
Operating Profit -0.77 -0.64 -1.00 -2.41 -2.38 -2.89 -3.40 -1.98 -2.43 -3.71 -5.43 -0.23 0.62
OPM % -8.00% -7.74% -10.28% -25.53% -41.54% -25.17% -29.49% -18.71% -37.56% -48.06% -42.32% -1.28% 5.21%
2.14 1.73 3.88 6.89 9.74 9.69 5.64 6.86 2.62 4.81 9.77 6.20 4.89
Interest 0.02 0.02 0.02 0.10 0.08 0.04 0.04 0.03 0.04 0.35 0.01 0.01 0.01
Depreciation 0.76 0.71 0.76 0.52 0.54 0.39 0.41 0.50 0.48 0.38 0.44 0.42 0.37
Profit before tax 0.59 0.36 2.10 3.86 6.74 6.37 1.79 4.35 -0.33 0.37 3.89 5.54 5.13
Tax % 0.00% 16.67% 3.33% 0.26% 0.00% 0.00% -15.08% 0.46% 0.00% 0.00% 15.68% 13.00%
0.59 0.30 2.03 3.86 6.74 6.37 2.05 4.34 -0.32 0.37 3.28 4.81 3.93
EPS in Rs 0.63 0.32 2.17 4.12 7.20 6.80 2.19 4.63 -0.34 0.40 3.50 5.14 4.19
Dividend Payout % 0.00% 0.00% 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: 8%
5 Years: 9%
3 Years: 41%
TTM: -53%
Compounded Profit Growth
10 Years: 50%
5 Years: 21%
3 Years: 75%
TTM: 62%
Stock Price CAGR
10 Years: 24%
5 Years: 40%
3 Years: 47%
1 Year: 62%
Return on Equity
10 Years: 3%
5 Years: 1%
3 Years: 1%
Last Year: 4%

Balance Sheet

Figures in Rs. Crores

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 9.36 9.36 9.36 9.36 9.36 9.36 9.36 9.36 9.36 9.36 9.36 9.36 9.36
Reserves 29.41 29.71 31.21 35.07 57.96 66.09 67.61 76.42 88.59 80.88 89.36 108.18 139.74
0.00 0.00 0.00 0.80 0.36 0.18 0.00 0.04 0.00 0.00 0.00 0.00 0.00
1.06 1.26 1.55 1.35 1.71 1.66 2.45 2.95 2.36 1.31 0.72 5.66 14.03
Total Liabilities 39.83 40.33 42.12 46.58 69.39 77.29 79.42 88.77 100.31 91.55 99.44 123.20 163.13
4.65 3.99 2.71 3.30 3.24 2.94 3.11 2.70 2.72 2.94 3.58 3.16 2.97
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 16.48 19.52 20.73 25.08 46.69 52.61 53.55 62.82 80.70 74.38 88.76 117.18 151.86
18.70 16.82 18.68 18.20 19.46 21.74 22.76 23.25 16.89 14.23 7.10 2.86 8.30
Total Assets 39.83 40.33 42.12 46.58 69.39 77.29 79.42 88.77 100.31 91.55 99.44 123.20 163.13

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2.04 0.03 -1.57 -5.61 -0.37 -3.44 -2.40 -7.43 3.66 -2.09 -5.54 0.84
3.04 -4.05 1.22 4.18 1.08 4.82 3.77 4.77 -3.01 2.32 5.45 -0.94
-0.02 -0.01 -0.01 0.70 -0.51 -0.23 -0.04 -0.08 -0.04 -0.35 -0.01 -0.01
Net Cash Flow 5.06 -4.03 -0.37 -0.73 0.20 1.16 1.33 -2.74 0.61 -0.12 -0.10 -0.11

Ratios

Figures in Rs. Crores

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 27.29 24.72 88.91 103.24 70.07 52.14 20.58 85.90 135.39 24.59 18.21 8.30
Inventory Days 197.67 261.55 139.70 168.06 394.27 167.16 208.52 179.74 280.66 239.23 73.92 33.16
Days Payable 9.61 11.71 27.28 19.41 72.35 32.09 55.65 83.09 97.47 18.80 4.60 2.30
Cash Conversion Cycle 215.35 274.56 201.32 251.89 391.99 187.21 173.44 182.56 318.59 245.01 87.53 39.16
Working Capital Days 171.32 185.37 174.81 281.48 348.44 211.43 218.11 178.36 306.89 189.12 93.31 41.70
ROCE % 0.86% 0.39% 3.94% 8.28% 11.16% 8.49% 1.77% 5.25% -1.26% -3.17% 2.74% 4.24%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
67.06% 67.06% 67.04% 67.04% 67.04% 67.04% 67.04% 67.44% 67.44% 67.44% 67.44% 67.44%
0.04% 0.28% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22% 0.22%
0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
32.65% 32.44% 32.69% 32.67% 32.69% 32.68% 32.69% 32.28% 32.28% 32.29% 32.29% 32.28%
No. of Shareholders 7,9307,9878,3717,8647,9537,6567,6158,0057,8177,3626,8968,069

* 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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