NSEI:TIL

Stock Analysis Report

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Executive Summary

TIL Limited manufactures and markets a range of material handling, lifting, port, and road construction equipment in India and internationally.


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

How has TIL's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TIL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.7%

TIL

0.9%

IN Machinery

2.4%

IN Market


1 Year Return

-57.7%

TIL

-33.3%

IN Machinery

-21.7%

IN Market

Return vs Industry: TIL underperformed the Indian Machinery industry which returned -33.3% over the past year.

Return vs Market: TIL underperformed the Indian Market which returned -21.7% over the past year.


Shareholder returns

TILIndustryMarket
7 Day2.7%0.9%2.4%
30 Day-12.1%0.2%0.6%
90 Day-25.6%-21.9%-16.3%
1 Year-57.3%-57.7%-32.1%-33.3%-20.2%-21.7%
3 Year-65.9%-66.8%-30.8%-33.7%-10.3%-15.1%
5 Year-76.3%-76.9%-8.5%-14.1%11.6%1.1%

Price Volatility Vs. Market

How volatile is TIL's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is TIL undervalued compared to its fair value and its price relative to the market?

6.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TIL (₹120.05) is trading above our estimate of fair value (₹10.24)

Significantly Below Fair Value: TIL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TIL is good value based on its PE Ratio (6.8x) compared to the Machinery industry average (10.2x).

PE vs Market: TIL is good value based on its PE Ratio (6.8x) compared to the Indian market (9.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TIL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TIL is good value based on its PB Ratio (0.4x) compared to the IN Machinery industry average (0.8x).


Next Steps

Future Growth

How is TIL forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.2%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as TIL has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has TIL performed over the past 5 years?

26.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TIL has high quality earnings.

Growing Profit Margin: TIL's current net profit margins (4.2%) are lower than last year (4.7%).


Past Earnings Growth Analysis

Earnings Trend: TIL has become profitable over the past 5 years, growing earnings by 26.7% per year.

Accelerating Growth: TIL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TIL had negative earnings growth (-7.1%) over the past year, making it difficult to compare to the Machinery industry average (-7.1%).


Return on Equity

High ROE: TIL's Return on Equity (5.6%) is considered low.


Next Steps

Financial Health

How is TIL's financial position?


Financial Position Analysis

Short Term Liabilities: TIL's short term assets (₹4.4B) exceed its short term liabilities (₹3.2B).

Long Term Liabilities: TIL's short term assets (₹4.4B) exceed its long term liabilities (₹339.0M).


Debt to Equity History and Analysis

Debt Level: TIL's debt to equity ratio (67.9%) is considered high.

Reducing Debt: TIL's debt to equity ratio has reduced from 191.5% to 67.9% over the past 5 years.

Debt Coverage: TIL's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: TIL's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet


Next Steps

Dividend

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

1.45%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TIL's dividend (1.45%) is higher than the bottom 25% of dividend payers in the Indian market (0.85%).

High Dividend: TIL's dividend (1.45%) is low compared to the top 25% of dividend payers in the Indian market (3.59%).


Stability and Growth of Payments

Stable Dividend: TIL's dividend payments have been volatile in the past 10 years.

Growing Dividend: TIL's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (9.8%), TIL's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.9yrs

Average board tenure


CEO

Ramesh Aggarwal

1

Tenure

Mr. Ramesh Aggarwal has been Chief Executive Officer of TIL Limited since May 25, 2019. Mr. Aggarwal is a professionally qualified Chartered Accountant and Company Secretary and has over 37 years of experi ...


Board Members

NamePositionTenureCompensationOwnership
Sumit Mazumder
Chairman & MD5.92yrs₹25.13m7.65% 89.8m
Tribdesh Mukherjee
Non-Executive Independent Director10.92yrs₹630.00kno data
Gaurav Swarup
Non Executive Independent Director12.17yrs₹630.00kno data
Ratan Gaggar
Non-Executive Independent Director35yrs₹645.00kno data
Veena Hingarh
Non-Executive Independent Director5.17yrs₹585.00kno data
S. V. Rao
Nominee Director5.67yrs₹570.00kno data
Manju Mazumder
Non-Executive Director1.17yrs₹60.00k0.092% 1.1m

5.9yrs

Average Tenure

73.5yo

Average Age

Experienced Board: TIL's board of directors are considered experienced (5.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

TIL Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TIL Limited
  • Ticker: TIL
  • Exchange: NSEI
  • Founded: 1944
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: ₹1.174b
  • Shares outstanding: 10.03m
  • Website: https://www.tilindia.in

Location

  • TIL Limited
  • 1, Taratolla Road
  • Garden Reach
  • Kolkata
  • West Bengal
  • 700024
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
505196BSE (Mumbai Stock Exchange)YesEquity SharesININRSep 1995
TILNSEI (National Stock Exchange of India)YesEquity SharesININRSep 1995

Biography

TIL Limited manufactures and markets a range of material handling, lifting, port, and road construction equipment in India and internationally. Its products include rough terrain cranes, truck and truck mounted cranes, pick and carry cranes, Manitowoc crawler cranes and grove cranes, reach stackers, forklift trucks, container handlers, crushing and screening stationary plant solutions, crushing and screening wheel mounted solutions, and crushing and screening track mounted solutions, as well as unit equipment, such as feeders, crushers, and high frequency screens. The company also deals in spares; and provides services to related equipment. TIL Limited was founded in 1944 and is headquartered in Kolkata, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/29 13:13
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.