Financials Tirupati Starch and Chemicals Limited

Equities

TIRUSTA6

INE314D01011

Food Processing

Market Closed - Bombay S.E. 03:31:04 05/06/2024 pm IST 5-day change 1st Jan Change
165.1 INR +1.26% Intraday chart for Tirupati Starch and Chemicals Limited -7.43% +27.29%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 245.3 219.7 77.69 241.5 469.4 513.8
Enterprise Value (EV) 1 497.5 439.5 292.6 783 1,219 1,331
P/E ratio 13.8 x 6.78 x 6.75 x 20.8 x 5.68 x 7.06 x
Yield - - - - - -
Capitalization / Revenue 0.11 x 0.1 x 0.03 x 0.12 x 0.15 x 0.14 x
EV / Revenue 0.23 x 0.19 x 0.11 x 0.39 x 0.38 x 0.36 x
EV / EBITDA 4.55 x 3.9 x 3.55 x 8.49 x 5.8 x 6.19 x
EV / FCF 164 x -14.2 x 0.65 x -1.78 x -7.01 x -10.8 x
FCF Yield 0.61% -7.04% 153% -56.3% -14.3% -9.23%
Price to Book 1.41 x 1.06 x 0.36 x 0.87 x 1.3 x 1.12 x
Nbr of stocks (in thousands) 6,093 6,093 6,093 7,001 7,001 8,092
Reference price 2 40.25 36.05 12.75 34.50 67.05 63.50
Announcement Date 14/08/18 05/09/19 09/10/20 19/08/21 05/09/22 01/09/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 2,196 2,276 2,716 2,000 3,198 3,647
EBITDA 1 109.3 112.7 82.39 92.28 210.4 214.9
EBIT 1 62.27 64.52 34.27 41.12 152 158.7
Operating Margin 2.84% 2.84% 1.26% 2.06% 4.75% 4.35%
Earnings before Tax (EBT) 1 22.32 41.18 15.6 10.63 94.45 76.27
Net income 1 17.73 32.4 11.5 10.26 82.64 65.69
Net margin 0.81% 1.42% 0.42% 0.51% 2.58% 1.8%
EPS 2 2.910 5.318 1.887 1.660 11.80 9.000
Free Cash Flow 1 3.028 -30.96 447.2 -440.5 -174 -122.8
FCF margin 0.14% -1.36% 16.46% -22.02% -5.44% -3.37%
FCF Conversion (EBITDA) 2.77% - 542.75% - - -
FCF Conversion (Net income) 17.08% - 3,888.11% - - -
Dividend per Share - - - - - -
Announcement Date 14/08/18 05/09/19 09/10/20 19/08/21 05/09/22 01/09/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 252 220 215 541 750 817
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.309 x 1.952 x 2.609 x 5.868 x 3.565 x 3.8 x
Free Cash Flow 1 3.03 -31 447 -440 -174 -123
ROE (net income / shareholders' equity) 11.6% 17% 5.41% 4.13% 25.9% 16%
ROA (Net income/ Total Assets) 3.61% 3.26% 1.54% 1.88% 6.52% 6.06%
Assets 1 490.6 992.9 747.2 545.1 1,267 1,083
Book Value Per Share 2 28.60 34.00 35.90 39.70 51.50 56.90
Cash Flow per Share 2 0.1900 0.3200 0.1500 0.0900 0.0200 9.590
Capex 1 54.2 94.4 89.6 61 51.9 263
Capex / Sales 2.47% 4.15% 3.3% 3.05% 1.62% 7.21%
Announcement Date 14/08/18 05/09/19 09/10/20 19/08/21 05/09/22 01/09/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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