Tamil Nadu Petro Products Ltd

T N Petro Prod. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tamil Nadu Petro Products Ltd

₹ 103 0.57%
25 Jul 10:35 a.m.
tnpetro.com BSE: 500777 NSE: TNPETRO
About

Incorporated in 1984, Tamilnadu Petroproducts Ltd manufactures and sells petrochemical products[1]

Key Points

Business Overview:[1][2]
TPL, part of the AM International group, was established as a joint venture between SPIC Ltd and Tamil Nadu Industrial Development Corporation. It manufactures petroproducts such as LAB, HCD, and PO. TPL secures firm off-take agreements with major FMCG companies under annual contracts, with prices adjusted monthly based on international raw material prices.

Website BSE NSE
  • Market Cap ₹ 925 Cr.
  • Current Price ₹ 103
  • High / Low ₹ 114 / 75.6
  • Stock P/E 15.2
  • Book Value ₹ 95.5
  • Dividend Yield 1.42 %
  • ROCE 9.67 %
  • ROE 7.23 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.07 times its book value
  • Company has been maintaining a healthy dividend payout of 17.1%
  • Company's working capital requirements have reduced from 32.9 days to 25.5 days

Cons

  • The company has delivered a poor sales growth of 6.03% over past five years.
  • Promoter holding is low: 34.5%

* 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
350 462 460 449 435 556 604 511 480 451 434 346 438
278 383 395 382 397 517 562 478 466 431 414 326 426
Operating Profit 72 78 64 67 38 39 42 33 13 20 20 20 12
OPM % 20% 17% 14% 15% 9% 7% 7% 6% 3% 4% 5% 6% 3%
28 4 5 5 5 6 5 5 9 7 9 -6 12
Interest 3 1 1 2 2 1 2 2 2 2 1 2 2
Depreciation 6 6 6 6 6 5 5 5 6 5 5 6 6
Profit before tax 91 75 62 64 35 39 40 31 14 21 23 6 15
Tax % 30% 26% 25% 25% 29% 26% 31% 15% 22% 25% 24% 20% 18%
64 56 46 48 25 29 28 26 11 15 18 5 12
EPS in Rs 7.09 6.19 5.16 5.36 2.78 3.20 3.10 2.92 1.25 1.71 1.98 0.50 1.37
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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
1,281 1,052 950 701 889 1,049 1,245 1,225 1,145 1,806 2,150 1,669
1,287 1,053 976 704 821 956 1,154 1,132 975 1,558 2,023 1,597
Operating Profit -6 -1 -26 -4 68 93 92 93 170 248 128 72
OPM % -0% -0% -3% -1% 8% 9% 7% 8% 15% 14% 6% 4%
24 15 13 73 28 15 10 17 35 18 25 23
Interest 32 32 20 15 34 7 7 9 7 6 7 7
Depreciation 39 30 21 18 16 22 20 22 23 24 21 23
Profit before tax -52 -49 -54 37 46 79 75 79 175 236 124 65
Tax % -42% -38% -34% 0% 71% 32% 23% 20% 28% 26% 24% 23%
-34 -35 -43 37 13 53 57 63 126 175 94 50
EPS in Rs -3.78 -3.90 -4.74 4.10 1.49 5.93 6.34 7.03 14.03 19.49 10.47 5.56
Dividend Payout % 0% 0% 0% 0% 0% 8% 16% 21% 18% 15% 14% 22%
Compounded Sales Growth
10 Years: 5%
5 Years: 6%
3 Years: 13%
TTM: -22%
Compounded Profit Growth
10 Years: 14%
5 Years: 1%
3 Years: -18%
TTM: -34%
Stock Price CAGR
10 Years: 23%
5 Years: 25%
3 Years: -10%
1 Year: 29%
Return on Equity
10 Years: 11%
5 Years: 15%
3 Years: 14%
Last Year: 7%

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 90 90 90 90 90 90 90 90 90 90 90 90
Reserves 268 232 175 212 224 277 335 392 501 658 735 769
197 159 102 67 45 36 40 37 51 56 76 18
264 225 227 120 166 193 164 156 152 177 205 213
Total Liabilities 818 705 594 489 524 596 629 674 794 981 1,107 1,091
313 288 247 218 216 193 230 292 281 267 252 304
CWIP 15 14 18 15 15 37 20 3 1 27 103 49
Investments 13 9 2 0 0 3 1 1 1 1 7 15
476 394 328 256 293 363 377 378 510 685 745 722
Total Assets 818 705 594 489 524 596 629 674 794 981 1,107 1,091

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
-50 55 34 73 46 82 78 86 93 112 87 161
106 11 43 16 -19 -68 -61 -48 -87 -96 -67 -70
-6 -71 -76 -50 -29 -12 -8 -23 -4 -22 -12 -78
Net Cash Flow 50 -4 1 39 -2 2 8 14 1 -6 8 13

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 29 27 25 16 28 23 21 15 26 23 24 21
Inventory Days 104 83 46 52 50 68 42 44 60 61 49 46
Days Payable 93 77 82 67 70 64 35 29 32 27 27 38
Cash Conversion Cycle 40 32 -11 2 8 27 28 29 55 57 46 29
Working Capital Days 42 22 -7 -3 22 14 16 12 28 37 37 25
ROCE % -7% -3% -8% -4% 16% 21% 19% 18% 28% 34% 15% 10%

Shareholding Pattern

Numbers in percentages

8 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
34.54% 34.54% 34.54% 34.54% 34.54% 34.54% 34.54% 34.54% 34.54% 34.54% 34.54% 34.54%
7.13% 9.00% 9.61% 9.75% 10.16% 10.17% 8.02% 7.94% 7.74% 7.10% 6.14% 6.18%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
58.29% 56.43% 55.82% 55.68% 55.25% 55.24% 57.40% 57.46% 57.69% 58.33% 59.27% 59.24%
No. of Shareholders 1,12,4791,12,2791,12,1071,14,3311,30,7971,33,8111,32,3991,31,1211,32,2891,30,9281,29,3451,29,511

* 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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