TTK Prestige (BSE:517506) - Share price, News & Analysis

Q: What is the Fair Price of 517506 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

517506 (₹866.8) is trading above our estimate of [[fair value]] (₹392.61)

517506 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	4/6
Financial Health	6/6
Dividends	4/6

517506 Stock Overview

TTK Prestige Limited, together with its subsidiaries, manufactures and markets kitchen and home appliances under the Prestige and Judge brands in India and internationally.

Rewards

Earnings are forecast to grow 14.17% per year

Earnings grew by 20.9% over the past year

Risk Analysis

Unstable dividend track record

TTK Prestige Competitors

Amber Enterprises India

BSE:540902

₹77.6b

Bajaj Electricals

BSE:500031

₹131.4b

Crompton Greaves Consumer Electricals

NSEI:CROMPTON

₹243.6b

Orient Electric

BSE:541301

₹56.6b

Price History & Performance

Summary of all time highs, changes and price drops for TTK Prestige
Historical stock prices
Current Share Price	₹866.80
52 Week High	₹1,269.60
52 Week Low	₹748.55
Beta	0.44
1 Month Change	3.84%
3 Month Change	5.17%
1 Year Change	-1.30%
3 Year Change	50.01%
5 Year Change	63.25%
Change since IPO	15,660.00%

Shareholder Returns

	517506	IN Consumer Durables	IN Market
7D	-1.5%	0.9%	1.9%
1Y	-1.3%	-5.1%	9.1%

Return vs Industry: 517506 exceeded the Indian Consumer Durables industry which returned -6.1% over the past year.

Return vs Market: 517506 underperformed the Indian Market which returned 8.3% over the past year.

Price Volatility

Is 517506's price volatile compared to industry and market?
517506 volatility
517506 Average Weekly Movement	4.0%
Consumer Durables Industry Average Movement	5.9%
Market Average Movement	6.3%
10% most volatile stocks in IN Market	9.0%
10% least volatile stocks in IN Market	4.1%

Stable Share Price: 517506 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 517506's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1955	1,418	M. Kalro	https://www.ttkprestige.com

TTK Prestige Limited, together with its subsidiaries, manufactures and markets kitchen and home appliances under the Prestige and Judge brands in India and internationally. It offers pressure cookers, cookware, gas stoves, mixer grinders, induction cooktops, kitchen hoods/chimneys, rice cookers, electric grills, kettles, sandwich and roti makers, air fryers, coffee makers, OTG, milk boilers, electric choppers, wet and grain grinders, food processors, fruit and veg cleaners, juicers, and hand blenders. The company also provides iron, vacuum cleaner, floor polishers, cleaning tools, ladders, dust bins, gravity water purifiers, electric water purifiers, copper water dispensers, copper bottles, bottles, and flasks; and knife/knife sets, manual hand blenders, cooker seperators, veggie cutters, gas lighters, spoon/ladles, and barbeque sets.

TTK Prestige Fundamentals Summary

How do TTK Prestige's earnings and revenue compare to its market cap?
517506 fundamental statistics
Market Cap	₹120.15b
Earnings (TTM)	₹3.28b
Revenue (TTM)	₹29.50b

36.7x

P/E Ratio

4.1x

P/S Ratio

Is 517506 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
517506 income statement (TTM)
Revenue	₹29.50b
Cost of Revenue	₹17.54b
Gross Profit	₹11.96b
Other Expenses	₹8.69b
Earnings	₹3.28b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 15, 2022

Earnings per share (EPS)	23.63
Gross Margin	40.55%
Net Profit Margin	11.10%
Debt/Equity Ratio	5.3%

How did 517506 perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

25%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is 517506 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 517506?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 517506. This is calculated by dividing 517506's market cap by their current preferred multiple.
What is 517506's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	₹120.15b

517506 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	4x
Enterprise Value/EBITDA	26x
PEG Ratio	2.6x

Price to Earnings Ratio vs Peers

How does 517506's PE Ratio compare to its peers?

517506 PE Ratio vs Peers

The above table shows the PE ratio for 517506 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	51x
540902 Amber Enterprises India	55.9x	31.7%	₹77.6b
500031 Bajaj Electricals	67.9x	33.1%	₹131.4b
CROMPTON Crompton Greaves Consumer Electricals	40.3x	20.3%	₹243.6b
541301 Orient Electric	40.2x	19.0%	₹56.6b
517506 TTK Prestige	36.7x	14.2%	₹120.2b

Price-To-Earnings vs Peers: 517506 is good value based on its Price-To-Earnings Ratio (36.7x) compared to the peer average (51x).

Price to Earnings Ratio vs Industry

How does 517506's PE Ratio compare vs other companies in the IN Consumer Durables Industry?

Price-To-Earnings vs Industry: 517506 is expensive based on its Price-To-Earnings Ratio (36.7x) compared to the Indian Consumer Durables industry average (36.6x)

Price to Earnings Ratio vs Fair Ratio

What is 517506's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

517506 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	36.7x
Fair PE Ratio	26.2x

Price-To-Earnings vs Fair Ratio: 517506 is expensive based on its Price-To-Earnings Ratio (36.7x) compared to the estimated Fair Price-To-Earnings Ratio (26.2x).

Share Price vs Fair Value

What is the Fair Price of 517506 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 517506 (₹866.8) is trading above our estimate of fair value (₹392.61)

Significantly Below Fair Value: 517506 is trading above our estimate of fair value.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Future Growth

How is TTK Prestige forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

14.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 517506's forecast earnings growth (14.2% per year) is above the savings rate (6.8%).

Earnings vs Market: 517506's earnings (14.2% per year) are forecast to grow slower than the Indian market (18.5% per year).

High Growth Earnings: 517506's earnings are forecast to grow, but not significantly.

Revenue vs Market: 517506's revenue (11.4% per year) is forecast to grow faster than the Indian market (10.5% per year).

High Growth Revenue: 517506's revenue (11.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 517506's Return on Equity is forecast to be low in 3 years time (18.1%).

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Past Performance

How has TTK Prestige performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

4.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 517506 has high quality earnings.

Growing Profit Margin: 517506's current net profit margins (11.1%) are lower than last year (11.5%).

Past Earnings Growth Analysis

Earnings Trend: 517506's earnings have grown by 4.8% per year over the past 5 years.

Accelerating Growth: 517506's earnings growth over the past year (20.9%) exceeds its 5-year average (4.8% per year).

Earnings vs Industry: 517506 earnings growth over the past year (20.9%) exceeded the Consumer Durables industry 14.6%.

Return on Equity

High ROE: 517506's Return on Equity (18.9%) is considered low.

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Financial Health

How is TTK Prestige's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 517506's short term assets (₹17.3B) exceed its short term liabilities (₹6.0B).

Long Term Liabilities: 517506's short term assets (₹17.3B) exceed its long term liabilities (₹824.9M).

Debt to Equity History and Analysis

Debt Level: 517506 has more cash than its total debt.

Reducing Debt: 517506's debt to equity ratio has reduced from 13.3% to 5.3% over the past 5 years.

Debt Coverage: 517506's debt is well covered by operating cash flow (318.6%).

Interest Coverage: 517506 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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Dividend

What is TTK Prestige current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

0.69%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 517506's dividend (0.69%) is higher than the bottom 25% of dividend payers in the Indian market (0.39%).

High Dividend: 517506's dividend (0.69%) is low compared to the top 25% of dividend payers in the Indian market (1.7%).

Stability and Growth of Payments

Stable Dividend: 517506's dividend payments have been volatile in the past 10 years.

Growing Dividend: 517506's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (25.4%), 517506's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (33%), 517506's dividend payments are well covered by cash flows.

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Management

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

9.3yrs

Average management tenure

CEO

M. Kalro (58 yo)

7.33yrs

Tenure

₹62,775,000

Compensation

Mr. M. Chandru Kalro, B.E. has been the Managing Director and Executive Director for TTK Prestige Ltd. since April 1 , 2015 and served as its Chief Operating Officer. Mr. Kalro served as an Executive Vice...

CEO Compensation Analysis

Compensation vs Market: M.'s total compensation ($USD789.60K) is above average for companies of similar size in the Indian market ($USD565.27K).

Compensation vs Earnings: M.'s compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: 517506's management team is seasoned and experienced (9.3 years average tenure).

Board Members

Experienced Board: 517506's board of directors are seasoned and experienced ( 16.4 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.

Data	Last Updated (UTC time)
Company Analysis	2022/08/16 00:00
End of Day Share Price	2022/08/16 00:00
Earnings	2022/06/30
Annual Earnings	2022/03/31