Tarsons Products Ltd

Tarsons Products Ltd

₹ 506 -0.25%
03 Jul 10:43 a.m.
About

Tarsons Products Ltd. (TPL) is an Indian labware company engaged in the designing, development, manufacturing, and marketing of 'consumables', 'reusables' and 'others' including benchtop equipment, used in various laboratories across research organizations, academia institutes, pharmaceutical companies, Contract Research Organizations, Diagnostic companies, and hospitals[1]

Key Points

India’s Leading Labware Company
One of the leading Indian labware company engaged in designing, development, manufacturing and marketing of consumables, reusables and others (including benchtop
equipment & instruments) [1]

  • Market Cap 2,695 Cr.
  • Current Price 506
  • High / Low 646 / 389
  • Stock P/E 52.6
  • Book Value 117
  • Dividend Yield 0.00 %
  • ROCE 10.2 %
  • ROE 8.62 %
  • Face Value 2.00

Pros

Cons

  • The company has delivered a poor sales growth of 9.18% over past five years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 6.92% of profits over last 3 years

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
68 69 76 71 85 69 71 61 82 63 66 62 87
33 32 38 38 41 37 39 35 43 41 41 39 53
Operating Profit 35 37 38 33 44 31 33 27 39 21 25 23 34
OPM % 52% 53% 51% 47% 52% 45% 46% 43% 48% 34% 38% 37% 39%
1 2 1 2 3 3 4 3 2 2 3 3 6
Interest 1 1 2 1 0 0 1 1 2 2 1 3 4
Depreciation 3 5 5 5 7 6 7 7 8 8 10 10 10
Profit before tax 32 33 34 29 39 27 29 22 31 13 17 14 26
Tax % 25% 26% 26% 26% 25% 26% 25% 25% 27% 25% 26% 26% 26%
24 25 25 21 29 20 21 16 23 10 13 10 19
EPS in Rs 1,225.81 4.88 4.89 4.04 5.54 3.82 4.03 3.03 4.29 1.80 2.41 1.89 3.53
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
179 176 229 301 283 277
107 107 125 148 153 174
Operating Profit 72 69 103 153 130 103
OPM % 40% 39% 45% 51% 46% 37%
6 4 5 8 12 14
Interest 7 6 3 4 4 10
Depreciation 15 14 14 22 29 38
Profit before tax 56 53 92 135 109 69
Tax % 30% 24% 25% 25% 26% 26%
39 41 69 101 81 51
EPS in Rs 2,027.06 2,108.74 3,583.25 18.92 15.17 9.63
Dividend Payout % 0% 0% 0% 0% 0% 21%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 7%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: 6%
3 Years: -9%
TTM: -36%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -14%
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 16%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0 0 0 11 11 11
Reserves 135 197 244 479 559 610
65 36 34 22 111 257
12 15 18 33 46 76
Total Liabilities 212 249 296 544 726 953
89 92 120 189 225 252
CWIP 7 19 22 32 119 267
Investments 0 0 0 0 0 0
116 137 153 323 382 434
Total Assets 212 249 296 544 726 953

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
51 64 68 83 76 105
-34 -26 -64 -138 -179 -296
-18 -14 -27 130 85 136
Net Cash Flow -0 25 -23 75 -18 -55

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 91 79 75 79 85 94
Inventory Days 333 365 277 478 642 528
Days Payable 14 44 35 75 54 42
Cash Conversion Cycle 409 400 317 482 672 580
Working Capital Days 160 149 108 165 205 179
ROCE % 27% 37% 35% 19%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
47.30% 47.31% 47.31% 47.31% 47.31% 47.31% 47.31% 47.31% 47.31% 47.31%
9.33% 9.12% 9.33% 9.90% 9.60% 9.16% 8.64% 7.85% 6.83% 8.16%
6.33% 7.76% 8.06% 8.13% 8.52% 8.45% 7.38% 3.15% 2.60% 0.17%
37.04% 35.82% 35.31% 34.67% 34.59% 35.09% 36.67% 41.68% 43.27% 44.36%
No. of Shareholders 1,59,8911,25,7141,12,2271,07,0111,07,9451,05,3041,07,4401,08,2361,07,5641,02,866

* 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.

Click on the line-items to see the names of individual entities.

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