NSEI:TTL

Stock Analysis Report

Executive Summary

T.T. Limited manufactures and sells textiles in India.

Snowflake

Poor track record with worrying balance sheet.

Share Price & News

How has T.T's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TTL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.7%

TTL

-1.4%

IN Luxury

0.5%

IN Market


1 Year Return

-33.7%

TTL

3.2%

IN Luxury

5.6%

IN Market

Return vs Industry: TTL underperformed the Indian Luxury industry which returned 3.2% over the past year.

Return vs Market: TTL underperformed the Indian Market which returned 5.6% over the past year.


Shareholder returns

TTLIndustryMarket
7 Day-2.7%-1.4%0.5%
30 Day4.3%-5.2%2.1%
90 Day16.2%9.0%10.4%
1 Year-33.7%-33.7%4.0%3.2%7.6%5.6%
3 Year3.9%3.9%65.9%63.7%37.0%29.9%
5 Year4.0%0.8%101.7%97.9%39.6%27.0%

Price Volatility Vs. Market

How volatile is T.T's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

1.23x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: TTL (₹42.7) is trading above our estimate of fair value (₹41.94)

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


Price To Earnings Ratio

PE vs Industry: TTL is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: TTL is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TTL is overvalued based on its PB Ratio (1.2x) compared to the IN Luxury industry average (0.6x).


Next Steps

Future Growth

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

20.6%

Forecasted Consumer Durables 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 T.T 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 T.T performed over the past 5 years?

-48.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TTL has high quality earnings.

Growing Profit Margin: TTL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TTL is unprofitable, and losses have increased over the past 5 years at a rate of -48.7% per year.

Accelerating Growth: Unable to compare TTL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TTL is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (1%).


Return on Equity

High ROE: TTL has a negative Return on Equity (-4.02%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is T.T's financial position?


Financial Position Analysis

Short Term Liabilities: TTL's short term assets (₹1.6B) do not cover its short term liabilities (₹1.8B)

Long Term Liabilities: TTL's short term assets (₹1.6B) exceeds its long term liabilities (1.5B)


Debt to Equity History and Analysis

Debt Level: TTL's debt to equity ratio (370.4%) is considered high.

Reducing Debt: TTL's debt to equity ratio has increased from 322.5% to 370.4% over the past 5 years.

Debt Coverage: TTL's debt is not well covered by operating cash flow (9.6%).

Interest Coverage: TTL is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: TTL has a high level of physical assets or inventory.

Debt Coverage by Assets: TTL's debt is not covered by short term assets (assets are 0.6x debt).


Next Steps

Dividend

What is T.T's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.5%industryaverage0.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate TTL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TTL's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TTL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TTL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TTL is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TTL's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of T.T's salary, the management and board of directors tenure and is there insider trading?

8.5yrs

Average management tenure


CEO

Sanjay Jain (49yo)

8.5yrs

Tenure

₹9,622,000

Compensation

Mr. Sanjay Kumar Jain, MBA (IIM, AHEMDABAD), ACS, ACMA, B.COM (H) has been the Managing Director of TT Limited since May 25, 2011 and served as Joint Managing Director until May 25, 2011. Mr. Jain has an ...


CEO Compensation Analysis

Compensation vs Market: Sanjay's total compensation ($USD134.11K) is above average for companies of similar size in the Indian market ($USD33.45K).

Compensation vs Earnings: Sanjay's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

8.5yrs

Average Tenure

55yo

Average Age

Experienced Management: TTL's management team is seasoned and experienced (8.5 years average tenure).


Board Age and Tenure

11.7yrs

Average Tenure

68yo

Average Age

Experienced Board: TTL's board of directors are seasoned and experienced ( 11.7 years average tenure).


Insider Trading

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


Recent Insider Transactions

Buy₹213,40808 Dec 18
Rikhab Jain
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares3,295
Max Price₹64.77

Ownership Breakdown

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


Management Team

  • Rikhab Jain (72yo)

    Executive Chairman

    • Tenure: 8.5yrs
  • Sunil Mahnot (49yo)

    Director of Finance

    • Tenure: 5.5yrs
    • Compensation: ₹2.76m
  • Sanjay Jain (49yo)

    MD & Whole Time Director

    • Tenure: 8.5yrs
    • Compensation: ₹9.62m
  • Jyoti Jain (47yo)

    Joint MD & Executive Director

    • Tenure: 22.8yrs
    • Compensation: ₹8.06m
  • B. Jain (55yo)

    Vice President of Technical

    • Tenure: 0yrs
    • Compensation: ₹400.00k
  • J. Jain (56yo)

    Vice President of Marketing

    • Tenure: 0yrs
    • Compensation: ₹400.00k
  • B. N. Modi (56yo)

    Chief Administrative Officer

    • Tenure: 0yrs
  • Neha Lakhera

    Company Secretary & Compliance officer

    • Tenure: 1.3yrs
    • Compensation: ₹715.00k

Board Members

  • Veerendra Mehta (85yo)

    Independent Non Executive Director

    • Tenure: 14.8yrs
    • Compensation: ₹200.00k
  • Rikhab Jain (72yo)

    Executive Chairman

    • Tenure: 8.5yrs
  • Mahesh Mehta (68yo)

    Independent Non-Executive Director

    • Tenure: 5.5yrs
    • Compensation: ₹175.00k
  • Sunil Mahnot (49yo)

    Director of Finance

    • Tenure: 5.5yrs
    • Compensation: ₹2.76m
  • V. Kothari (71yo)

    Independent Non-Executive Director

    • Tenure: 25.2yrs
    • Compensation: ₹175.00k
  • Sanjay Jain (49yo)

    MD & Whole Time Director

    • Tenure: 8.5yrs
    • Compensation: ₹9.62m
  • Jyoti Jain (47yo)

    Joint MD & Executive Director

    • Tenure: 22.8yrs
    • Compensation: ₹8.06m
  • Ankit Gulgulia

    Non-Executive Independent Director

    • Tenure: 0.6yrs

Company Information

T.T. Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: T.T. Limited
  • Ticker: TTL
  • Exchange: NSEI
  • Founded: 1978
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹888.944m
  • Shares outstanding: 21.50m
  • Website: https://www.ttlimited.co.in

Number of Employees


Location

  • T.T. Limited
  • 879, Master Prithvi Nath Marg
  • T T Garments Park
  • New Delhi
  • Delhi
  • 110005
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
514142BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2002
TTLNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2002

Biography

T.T. Limited manufactures and sells textiles in India. The company’s products include raw cotton; cotton yarn for knitting and weaving; various knitted fabrics; knitted innerwear; and garments for men, lad ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/21 12:41
End of Day Share Price2019/11/21 00:00
Earnings2019/09/30
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.