Tara Chand Infralogistic Solutions Ltd

Tara Chand Infra Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tara Chand Infralogistic Solutions Ltd

₹ 390 -1.40%
21 Nov - close price
tarachandindia.in NSE: TARACHAND
About

Incorporated in 2012, Tara Chand Infralogistic Solutions Ltd provides cargo handling and logistic services[1]

Key Points

Business Segments
1. Warehousing & Multi-modal Transportation[1]
TCISL offers warehousing and logistics solutions, especially for steel warehousing and transportation services. Co. has handled 1.74 Mn MT in Q2FY25.[2]
- Key Services: The company supports multimodal transportation, managing logistics to ensure secure and timely delivery. They also handle consignment, stocking, and distribution of various products, especially steel, across different regions.

  1. Construction Equipment Rental[1]
    TCISL’s equipment rental segment supplies heavy machinery, including cranes, piling rigs, and aerial platforms, to the construction and infrastructure sectors. The rental fleet is extensive, featuring over 300 units, from large cranes with capacities up to 800 MT to aerial platforms reaching heights of 68 meters.
  2. Key Services: This segment caters to diverse project needs, including urban infrastructure, railways, cement, oil and gas, renewable energy, and road and highway construction. TCISL also provides specialized cranes and equipment to assist in critical tasks at client sites, enhancing project execution.

  3. Notable Projects: The segment has supported key infrastructure projects, including the Mumbai-Ahmedabad Bullet Train project and steel logistics solutions at facilities like RINL and SAIL. Its equipment rental services have also enabled TCISL to execute high-value contracts with companies like Larsen & Toubro and Tata Steel.

  4. Steel Processing & Distribution[1]
    TCISL also offers steel processing services as a horizontal integration of its steel logistics solutions. This involves processing TMT rebars and other steel products required in construction, providing a one-stop solution for clients.

  5. Key Services: The company performs processing on-site, allowing clients to source processed materials directly at their job sites, which enhances efficiency and reduces transportation requirements.
Website NSE
  • Market Cap ₹ 615 Cr.
  • Current Price ₹ 390
  • High / Low ₹ 524 / 136
  • Stock P/E 28.7
  • Book Value ₹ 61.8
  • Dividend Yield 0.00 %
  • ROCE 16.5 %
  • ROE 18.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 26.1% CAGR over last 5 years
  • Debtor days have improved from 143 to 112 days.
  • Company's working capital requirements have reduced from 140 days to 105 days

Cons

  • Stock is trading at 6.31 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 9.80% over last 3 years.
  • Promoter holding has decreased over last 3 years: -5.04%

* 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: Diversified Industry: Diversified - Medium / Small

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Quarterly Results

Figures in Rs. Crores

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
28.33 31.72 37.92 32.65 32.71 36.87 38.84 38.97 42.21 44.36 46.49 45.66 56.16
23.65 24.38 28.52 22.84 24.25 27.42 28.16 26.90 29.45 30.32 29.97 31.36 38.64
Operating Profit 4.68 7.34 9.40 9.81 8.46 9.45 10.68 12.07 12.76 14.04 16.52 14.30 17.52
OPM % 16.52% 23.14% 24.79% 30.05% 25.86% 25.63% 27.50% 30.97% 30.23% 31.65% 35.53% 31.32% 31.20%
3.56 0.66 0.97 0.17 0.65 2.07 1.59 1.20 0.74 0.49 0.41 1.64 4.25
Interest 2.34 2.52 2.25 2.03 1.88 1.89 1.95 1.57 2.03 1.69 1.86 1.87 1.81
Depreciation 6.02 5.92 5.43 5.13 5.01 5.67 6.65 7.24 8.08 8.20 5.85 7.98 10.34
Profit before tax -0.12 -0.44 2.69 2.82 2.22 3.96 3.67 4.46 3.39 4.64 9.22 6.09 9.62
Tax % -83.33% -27.27% 26.77% 25.53% 27.93% 23.48% 28.88% 14.80% 20.65% 27.80% 31.56% 25.62% 24.95%
-0.02 -0.33 1.97 2.10 1.60 3.03 2.62 3.80 2.69 3.35 6.30 4.54 7.22
EPS in Rs -0.01 -0.24 1.44 1.54 1.17 2.22 1.92 2.69 1.90 2.37 4.15 2.93 4.58
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
46 52 81 101 115 110 128 141 172 193
37 41 66 80 79 76 98 103 116 130
Operating Profit 9 11 15 21 35 34 30 38 56 62
OPM % 19% 20% 19% 21% 31% 31% 24% 27% 32% 32%
1 1 2 1 0 0 6 4 3 7
Interest 3 3 4 5 8 9 10 8 7 7
Depreciation 5 4 6 10 17 22 23 22 29 32
Profit before tax 2 4 6 7 11 3 3 13 22 30
Tax % 33% 31% 28% 28% 24% 16% 26% 26% 26%
1 3 5 5 8 3 2 9 16 21
EPS in Rs 1.28 2.97 3.38 3.48 5.84 1.88 1.74 6.86 10.63 14.03
Dividend Payout % 0% 0% 0% 0% 13% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 16%
TTM: 23%
Compounded Profit Growth
10 Years: %
5 Years: 26%
3 Years: 69%
TTM: 87%
Stock Price CAGR
10 Years: %
5 Years: 65%
3 Years: 113%
1 Year: 107%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 10%
Last Year: 19%

Balance Sheet

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 9 9 14 14 14 14 14 14 15
Reserves 3 6 27 32 39 41 44 55 79
30 41 55 51 86 105 94 87 85
4 10 21 39 58 59 52 71 78
Total Liabilities 46 66 117 136 196 219 203 227 257
28 39 64 85 131 139 124 144 180
CWIP 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0
18 28 53 51 65 80 80 83 77
Total Assets 46 66 117 136 196 219 203 227 257

Cash Flows

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
8 11 26 41 12 34 42 46
-14 -31 -29 -63 -29 -13 -26 -55
8 30 -8 26 10 -21 -9 -2
Net Cash Flow 2 11 -12 4 -7 0 7 -11

Ratios

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 82 101 130 127 140 208 178 139 112
Inventory Days 35 53 47 80 114 159 117 79 55
Days Payable 84 73 107 72 158 203 153 142 79
Cash Conversion Cycle 34 81 70 135 96 164 142 76 88
Working Capital Days 38 111 115 123 144 214 182 132 105
ROCE % 13% 14% 12% 16% 9% 5% 11% 17%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Apr 2023Sep 2023Mar 2024Jun 2024Sep 2024
72.73% 74.39% 74.59% 74.65% 74.53% 74.71% 74.71% 74.39% 73.34% 69.68% 69.62% 69.61%
27.27% 25.61% 25.41% 25.36% 25.47% 25.29% 25.29% 25.61% 26.66% 30.32% 30.38% 30.39%
No. of Shareholders 5344844684404484375135145641,0374,9588,573

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