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TAAL Enterprises

BSE:539956
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
539956
BSE
₹834M
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

TAAL Enterprises Limited provides air charter services in India and internationally. The last earnings update was 24 days ago. More info.


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539956 Share Price and Events
7 Day Returns
-3.3%
BSE:539956
-1%
IN Trade Distributors
1.3%
IN Market
1 Year Returns
27.3%
BSE:539956
-16.1%
IN Trade Distributors
-1.5%
IN Market
539956 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TAAL Enterprises (539956) -3.3% 10.9% -1.5% 27.3% -28.8% -
IN Trade Distributors -1% -5.4% -5.4% -16.1% 12.4% -63.1%
IN Market 1.3% -0.8% -3.7% -1.5% 22.6% 33.9%
1 Year Return vs Industry and Market
  • 539956 outperformed the Trade Distributors industry which returned -16.1% over the past year.
  • 539956 outperformed the Market in India which returned -1.5% over the past year.
Price Volatility
539956
Industry
5yr Volatility vs Market

Value

 Is TAAL Enterprises undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TAAL Enterprises to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TAAL Enterprises.

BSE:539956 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 15.7%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:539956
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.917 (1 + (1- 35%) (0.43%))
0.946
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.946 * 8.6%)
15.69%

Discounted Cash Flow Calculation for BSE:539956 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TAAL Enterprises is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:539956 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 15.69%)
2020 143.45 Est @ 10.68% 123.99
2021 157.42 Est @ 9.74% 117.62
2022 171.72 Est @ 9.09% 110.91
2023 186.53 Est @ 8.62% 104.14
2024 202.02 Est @ 8.3% 97.49
2025 218.34 Est @ 8.08% 91.08
2026 235.63 Est @ 7.92% 84.96
2027 254.02 Est @ 7.81% 79.17
2028 273.66 Est @ 7.73% 73.73
2029 294.67 Est @ 7.68% 68.62
Present value of next 10 years cash flows ₹951.72
BSE:539956 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹294.67 × (1 + 7.55%) ÷ (15.69% – 7.55%)
₹3,894.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹3,894.56 ÷ (1 + 15.69%)10
₹906.98
BSE:539956 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹951.72 + ₹906.98
₹1,858.71
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹1,858.71 / 3.12
₹596.44
BSE:539956 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹596.44
Current discount Discount to share price of ₹266.00
= -1 x (₹266.00 - ₹596.44) / ₹596.44
55.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price TAAL Enterprises is available for.
Intrinsic value
>50%
Share price is ₹266 vs Future cash flow value of ₹596.44
Current Discount Checks
For TAAL Enterprises to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • TAAL Enterprises's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • TAAL Enterprises's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TAAL Enterprises's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TAAL Enterprises's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:539956 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹66.61
BSE:539956 Share Price ** BSE (2019-07-18) in INR ₹266
India Trade Distributors Industry PE Ratio Median Figure of 95 Publicly-Listed Trade Distributors Companies 19.21x
India Market PE Ratio Median Figure of 2,835 Publicly-Listed Companies 14.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TAAL Enterprises.

BSE:539956 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:539956 Share Price ÷ EPS (both in INR)

= 266 ÷ 66.61

3.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TAAL Enterprises is good value based on earnings compared to the IN Trade Distributors industry average.
  • TAAL Enterprises is good value based on earnings compared to the India market.
Price based on expected Growth
Does TAAL Enterprises's expected growth come at a high price?
Raw Data
BSE:539956 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-16.5%per year
Global Trade Distributors Industry PEG Ratio Median Figure of 80 Publicly-Listed Trade Distributors Companies 1.17x
India Market PEG Ratio Median Figure of 537 Publicly-Listed Companies 1.3x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for TAAL Enterprises, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TAAL Enterprises's assets?
Raw Data
BSE:539956 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹145.86
BSE:539956 Share Price * BSE (2019-07-18) in INR ₹266
India Trade Distributors Industry PB Ratio Median Figure of 125 Publicly-Listed Trade Distributors Companies 0.69x
India Market PB Ratio Median Figure of 3,670 Publicly-Listed Companies 0.95x
BSE:539956 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:539956 Share Price ÷ Book Value per Share (both in INR)

= 266 ÷ 145.86

1.82x

* Primary Listing of TAAL Enterprises.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TAAL Enterprises is overvalued based on assets compared to the IN Trade Distributors industry average.
X
Value checks
We assess TAAL Enterprises's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. TAAL Enterprises has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is TAAL Enterprises expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover TAAL Enterprises, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-16.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TAAL Enterprises expected to grow at an attractive rate?
  • TAAL Enterprises's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • TAAL Enterprises's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Unable to compare TAAL Enterprises's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:539956 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:539956 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -16.5%
India Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 14.1%
Asia Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 12%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:539956 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:539956 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 1,573 208
2018-03-31 1,090 146 156
2017-03-31 923 24 38

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TAAL Enterprises's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if TAAL Enterprises is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:539956 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from TAAL Enterprises Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:539956 Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 66.61
2018-03-31 50.10
2017-03-31 12.22

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if TAAL Enterprises will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess TAAL Enterprises's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TAAL Enterprises has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has TAAL Enterprises performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TAAL Enterprises's growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if TAAL Enterprises's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare TAAL Enterprises's 1-year earnings growth to the 5-year average due to insufficient past data.
  • TAAL Enterprises's earnings growth has exceeded the IN Trade Distributors industry average in the past year (33% vs 18.2%).
Earnings and Revenue History
TAAL Enterprises's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TAAL Enterprises Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:539956 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,572.51 207.59
2018-03-31 1,089.93 156.13 32.98
2017-03-31 923.07 38.08 25.64
2016-03-31 659.89 -1.09 180.35

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TAAL Enterprises made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • TAAL Enterprises used its assets more efficiently than the IN Trade Distributors industry average last year based on Return on Assets.
  • TAAL Enterprises has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TAAL Enterprises's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TAAL Enterprises has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is TAAL Enterprises's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TAAL Enterprises's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TAAL Enterprises is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TAAL Enterprises's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TAAL Enterprises's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 196.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TAAL Enterprises Company Filings, last reported 3 months ago.

BSE:539956 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 537.66 3.61 307.99
2018-03-31 375.83 8.77 53.49
2017-03-31 190.94 98.05 20.93
2016-03-31 141.89 90.33 38.20
  • TAAL Enterprises's level of debt (0.7%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if TAAL Enterprises's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (4045.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 20.2x coverage).
X
Financial health checks
We assess TAAL Enterprises's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TAAL Enterprises has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is TAAL Enterprises's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.52%
Current annual income from TAAL Enterprises dividends.
If you bought ₹2,000 of TAAL Enterprises shares you are expected to receive ₹150 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • TAAL Enterprises's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • TAAL Enterprises's dividend is above the markets top 25% of dividend payers in India (2.21%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:539956 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1446 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:539956 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-09-28 20.000 7.903

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether TAAL Enterprises has stable dividend payments.
  • TAAL Enterprises only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of TAAL Enterprises's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as TAAL Enterprises has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess TAAL Enterprises's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TAAL Enterprises afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TAAL Enterprises has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of TAAL Enterprises's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Salil Taneja
COMPENSATION ₹20,000
AGE 52
TENURE AS CEO 0.8 years
CEO Bio

Mr. Salil Baldev Taneja has been Whole-time Director of TAAL Enterprises Ltd since October 1,2018. He has been Non-Executive Director of Taneja Aerospace and Aviation Limited since November 30, 2014 and served as its Whole Time Director from November 30, 2014 to September 30, 2018. Mr. Taneja served as the Chief Executive Officer of ISMT Ltd. from April 1, 2009 to December 1, 2014 and served as its Joint Managing Director from April 30, 2008 to December 1, 2014. Mr. Taneja served as the Chief Financial Officer of Pal Credit & Capital Ltd. He served as the President of Corporate Strategy & Development of ISMT Ltd. until April 30, 2008. He served as the President of Corporate Strategy Development of Indian Seamless Metal Tubes Ltd. and Indian Seamless Steels and Alloys Ltd. He has over 28 years of work experience in business, industry and corporate management. Mr. Taneja serves as the Chairman of TAAL Technologies Pvt. Ltd. He served as the Chairman of Taneja Aerospace and Aviation Limited until September 30, 2018. He served as Independent Director of TD Power Systems Limited from January 17, 2011 to May 17, 2013. He served as Non Executive Director of Taneja Aerospace and Aviation Limited from January 21, 2006 to November 30, 2014. He served as an Executive Director of ISMT Ltd. from October 1, 2004 to December 1, 2014. He served as a Director of TAAL Enterprises Limited until April 22, 2016. He served as a Director at Indian Seamless Metal Tubes Ltd., and Indian Seamless Steels and Alloys Ltd. Mr. Taneja holds a Bachelor's degree in Mechanical Engineering from Case Western Reserve University, Ohio, USA, an MBA in Finance and marketing from Yale, USA and Masters in Public and Private Management (MPPM) from Yale University, USA. He has been Additional Director of TAAL Enterprises Ltd since September 28, 2018.

CEO Compensation
  • Insufficient data for Salil to compare compensation growth.
  • Salil's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the TAAL Enterprises management team in years:

0.8
Average Tenure
31
Average Age
  • The average tenure for the TAAL Enterprises management team is less than 2 years, this suggests a new team.
Management Team

Salil Taneja

TITLE
Whole Time Director
COMPENSATION
₹20K
AGE
52
TENURE
0.8 yrs

Vijay Purekar

TITLE
Chief Financial Officer
TENURE
0.8 yrs

Shubhanshi Jain

TITLE
Company Secretary & Compliance Officer
TENURE
0.3 yrs

R. Mohite

TITLE
Chief Pilot
COMPENSATION
₹5M
AGE
58

Amey Bhawkar

TITLE
Executive Pilot
COMPENSATION
₹1M
AGE
31

K. Jogaraj

TITLE
Assistant Vice President
COMPENSATION
₹1M
AGE
52

P. Anbarasu

TITLE
Accounts Executive
COMPENSATION
₹162K
AGE
30

B. Kumar

TITLE
Executive Pilot
COMPENSATION
₹597K
AGE
31

M. Joseph

TITLE
Accounts Executive
COMPENSATION
₹36K
AGE
29
TENURE
3.5 yrs
Board of Directors Tenure

Average tenure and age of the TAAL Enterprises board of directors in years:

1.3
Average Tenure
52
Average Age
  • The average tenure for the TAAL Enterprises board of directors is less than 3 years, this suggests a new board.
Board of Directors

Salil Taneja

TITLE
Whole Time Director
COMPENSATION
₹20K
AGE
52
TENURE
0.8 yrs

R. Poornalingam

TITLE
Independent Additional Director
COMPENSATION
₹260K
AGE
74
TENURE
2.3 yrs

Rahael Joseph

TITLE
Additional Non-Executive Director
AGE
43
TENURE
1.7 yrs

Arvind Nanda

TITLE
Additional Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess TAAL Enterprises's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TAAL Enterprises has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

TAAL Enterprises Limited provides air charter services in India and internationally. It operates through three segments: Air Charter, Trading of Goods, and Engineering Design Service. The company operates a Cessna Citation CJ2+ twin-engine business jet with a seating capacity of seven passengers based at Pune airport. It also offers product engineering, R&D, and IT services. The company was incorporated in 2014 and is based in Chennai, India. TAAL Enterprises Limited is a subsidiary of Vishkul Leather Garments Private Limited.

Details
Name: TAAL Enterprises Limited
539956
Exchange: BSE
Founded: 2014
₹833,621,485
3,116,342
Website: http://www.taalent.co.in
Address: TAAL Enterprises Limited
MMPDA Towers,
2nd Floor,
Chennai,
Tamil Nadu, 600014,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 539956 Equity Shares Mumbai Stock Exchange IN INR 05. Jul 2016
Number of employees
Current staff
Staff numbers
0
TAAL Enterprises employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 13:13
End of day share price update: 2019/07/18 00:00
Last earnings filing: 2019/06/24
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.