Tide Water Oil Co (I) Ltd

Tide Water Oil Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tide Water Oil Co (I) Ltd

₹ 2,403 0.44%
03 Jul 4:10 p.m.
veedolindia.com BSE: 590005 NSE: TIDEWATER
About

Tide Water Oil Co. Ltd. is a leading manufacturer and marketer of lubricants in over 65 countries around the globe. In India, it has been catering to both automotive and industrial segments since 1928 under the brand “Veedol''. [1]

Key Points

Product Portfolio
Automotive Lubricants: The Co. manufactures a wide range of automotive lubricants for 2-wheelers, passenger cars, commercial vehicles, OEM oils, gear and transmission oils, greases, etc. [1]
Industrial Lubricants: The Co. also manufactures industrial lubricants like Machinery Oil, Thermic Fluids, Spindle Oils, Turbine Oils, Heavy-duty Hydraulic Oils, etc. [2]
Specialities: The Co. is also engaged in the manufacture and sale of Speciality Vehicle Sanitization Products. [3]

Website BSE NSE
  • Market Cap ₹ 4,185 Cr.
  • Current Price ₹ 2,403
  • High / Low ₹ 2,463 / 1,012
  • Stock P/E 29.3
  • Book Value ₹ 475
  • Dividend Yield 2.16 %
  • ROCE 23.7 %
  • ROE 18.0 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 58.8%

Cons

* 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: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
365 285 394 412 445 439 448 497 470 474 474 496 487
322 258 356 376 399 399 420 463 429 435 433 455 440
Operating Profit 43 27 38 36 45 40 28 34 41 39 42 42 47
OPM % 12% 10% 10% 9% 10% 9% 6% 7% 9% 8% 9% 8% 10%
10 5 8 8 8 6 4 6 6 8 8 8 12
Interest 1 0 0 0 0 0 0 0 0 0 0 1 0
Depreciation 4 4 4 4 4 4 4 4 4 4 4 4 4
Profit before tax 49 28 43 40 49 42 28 35 43 42 45 45 55
Tax % 25% 18% 25% 25% 23% 19% 26% 26% 19% 26% 22% 25% 23%
37 23 32 30 38 34 20 26 34 31 35 34 43
EPS in Rs 20.95 13.08 18.37 17.35 21.69 19.35 11.73 14.89 19.75 17.90 20.21 19.27 24.63
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
903 973 1,037 974 1,130 1,275 1,377 1,317 1,258 1,536 1,854 1,931
810 880 956 860 994 1,136 1,246 1,178 1,094 1,388 1,712 1,762
Operating Profit 93 93 81 113 136 139 131 138 164 147 142 169
OPM % 10% 10% 8% 12% 12% 11% 9% 10% 13% 10% 8% 9%
10 17 163 24 35 32 32 38 38 30 22 35
Interest 0 0 1 1 3 3 2 2 2 2 1 2
Depreciation 9 9 11 7 9 9 10 12 14 15 16 15
Profit before tax 94 100 232 129 159 159 149 161 185 160 147 187
Tax % 33% 35% 32% 39% 32% 33% 35% 24% 24% 23% 22% 24%
63 65 159 86 108 107 97 122 141 123 114 143
EPS in Rs 36.58 37.67 92.18 49.39 61.87 61.05 55.41 69.75 80.76 70.54 65.71 82.03
Dividend Payout % 21% 27% 19% 50% 47% 56% 82% 70% 72% 76% 62% 38%
Compounded Sales Growth
10 Years: 7%
5 Years: 7%
3 Years: 15%
TTM: 4%
Compounded Profit Growth
10 Years: 8%
5 Years: 8%
3 Years: 0%
TTM: 25%
Stock Price CAGR
10 Years: 16%
5 Years: 20%
3 Years: -3%
1 Year: 136%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 17%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1 1 1 2 2 2 2 2 2 3 3 3
Reserves 337 381 499 585 611 649 638 679 735 716 760 824
5 9 21 28 29 42 39 38 18 14 5 1
172 213 217 231 255 256 249 248 286 302 330 327
Total Liabilities 515 604 738 846 897 949 928 967 1,040 1,036 1,098 1,156
122 122 194 148 231 242 249 263 277 270 271 294
CWIP 1 1 0 2 0 3 2 12 4 3 2 10
Investments 1 0 0 68 65 70 69 76 74 70 70 73
392 481 544 628 600 634 608 616 686 692 756 779
Total Assets 515 604 738 846 897 949 928 967 1,040 1,036 1,098 1,156

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
26 30 80 127 35 94 79 133 69 93 103 156
-2 -2 45 -7 24 -86 -1 -49 39 37 6 -92
-10 -12 -20 -36 -56 -58 -110 -80 -102 -142 -81 -85
Net Cash Flow 14 16 105 83 2 -49 -31 4 6 -11 28 -22

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 58 66 63 62 65 54 52 42 47 50 47 44
Inventory Days 95 112 84 105 115 93 85 102 150 109 90 84
Days Payable 63 73 60 89 96 90 80 87 107 79 64 67
Cash Conversion Cycle 89 105 87 78 84 57 56 56 90 80 73 61
Working Capital Days 77 86 70 42 74 66 63 58 77 69 60 86
ROCE % 29% 28% 18% 23% 26% 24% 22% 23% 26% 22% 20%

Shareholding Pattern

Numbers in percentages

9 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
57.28% 57.28% 57.28% 57.28% 57.28% 57.28% 57.28% 57.28% 57.28% 57.28% 62.27% 62.27%
0.59% 0.68% 0.77% 0.83% 0.70% 0.73% 0.77% 0.82% 0.83% 0.97% 1.38% 1.51%
10.89% 10.68% 9.46% 8.47% 7.99% 7.33% 6.00% 5.37% 2.10% 2.12% 1.27% 1.22%
28.77% 28.90% 30.03% 30.96% 31.57% 32.20% 33.49% 34.06% 37.33% 37.18% 32.61% 32.53%
2.46% 2.46% 2.46% 2.46% 2.46% 2.46% 2.46% 2.46% 2.46% 2.46% 2.46% 2.46%
No. of Shareholders 35,14760,51262,88465,12564,68865,56066,30666,01870,41164,94768,09765,843

* 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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