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T.T

NSEI:TTL
Snowflake Description

Slightly overvalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TTL
NSEI
₹1B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

T.T. Limited manufactures and sells textiles in India. The last earnings update was 69 days ago. More info.


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  • T.T has significant price volatility in the past 3 months.
TTL Share Price and Events
7 Day Returns
0.8%
NSEI:TTL
-0.6%
IN Luxury
-1.9%
IN Market
1 Year Returns
-43%
NSEI:TTL
-4%
IN Luxury
-2.8%
IN Market
TTL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
T.T (TTL) 0.8% -9.3% -11.5% -43% 0.5% 104.4%
IN Luxury -0.6% 1.4% 8.8% -4% 47.5% 162.4%
IN Market -1.9% 1.2% 5.1% -2.8% 38.3% 71%
1 Year Return vs Industry and Market
  • TTL underperformed the Luxury industry which returned -4% over the past year.
  • TTL underperformed the Market in India which returned -2.8% over the past year.
Price Volatility
TTL
Industry
5yr Volatility vs Market
Related Companies

TTL Value

 Is T.T 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 T.T 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 T.T.

NSEI:TTL 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 20.8%
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 NSEI:TTL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.73 (1 + (1- 35%) (227.79%))
1.543
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.54
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.543 * 8.6%)
20.82%

Discounted Cash Flow Calculation for NSEI:TTL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for T.T 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.

NSEI:TTL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 20.82%)
2019 382.08 Est @ 12.75% 316.25
2020 424.83 Est @ 11.19% 291.04
2021 467.72 Est @ 10.1% 265.21
2022 511.36 Est @ 9.33% 239.99
2023 556.35 Est @ 8.8% 216.11
2024 603.21 Est @ 8.42% 193.94
2025 652.44 Est @ 8.16% 173.62
2026 704.49 Est @ 7.98% 155.17
2027 759.79 Est @ 7.85% 138.52
2028 818.75 Est @ 7.76% 123.54
Present value of next 10 years cash flows ₹2,113.40
NSEI:TTL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹818.75 × (1 + 7.55%) ÷ (20.82% – 7.55%)
₹6,636.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹6,636.58 ÷ (1 + 20.82%)10
₹1,001.42
NSEI:TTL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹2,113.40 + ₹1,001.42
₹3,114.82
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹3,114.82 / 21.50
₹144.89
NSEI:TTL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:TTL represents 1.01907x of BSE:514142
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.01907x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 144.89 x 1.01907
₹147.65
Value per share (INR) From above. ₹147.65
Current discount Discount to share price of ₹53.45
= -1 x (₹53.45 - ₹147.65) / ₹147.65
63.8%

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

Current Discount
Amount off the current price T.T is available for.
Intrinsic value
>50%
Share price is ₹53.45 vs Future cash flow value of ₹147.65
Current Discount Checks
For T.T to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • T.T's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • T.T'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 T.T's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are T.T's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:TTL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-1.80
BSE:514142 Share Price ** BSE (2019-04-24) in INR ₹52.45
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.23x
India Market PE Ratio Median Figure of 2,739 Publicly-Listed Companies 16.02x

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

** Primary Listing of T.T.

NSEI:TTL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:514142 Share Price ÷ EPS (both in INR)

= 52.45 ÷ -1.80

-29.07x

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

  • T.T is loss making, we can't compare its value to the IN Luxury industry average.
  • T.T is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does T.T's expected growth come at a high price?
Raw Data
NSEI:TTL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -29.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.48x
India Market PEG Ratio Median Figure of 586 Publicly-Listed Companies 1.32x

*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 T.T, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on T.T's assets?
Raw Data
NSEI:TTL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹33.27
BSE:514142 Share Price * BSE (2019-04-24) in INR ₹52.45
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.75x
India Market PB Ratio Median Figure of 3,630 Publicly-Listed Companies 1.09x
NSEI:TTL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:514142 Share Price ÷ Book Value per Share (both in INR)

= 52.45 ÷ 33.27

1.58x

* Primary Listing of T.T.

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

  • T.T is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess T.T'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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. T.T has a total score of 2/6, 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.

TTL Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
19.3%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is T.T expected to grow at an attractive rate?
  • Unable to compare T.T's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare T.T's earnings growth to the India market average as no estimate data is available.
  • Unable to compare T.T's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:TTL Future Growth Rates Data Sources
Data Point Source Value (per year)
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*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
NSEI:TTL 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.
NSEI:TTL Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 5,343 -39
2018-09-30 5,709 -30
2018-06-30 5,582 -115
2018-03-31 5,111 518 -147
2017-12-31 5,648 -68
2017-09-30 6,200 -68
2017-06-30 6,413 -10
2017-03-31 6,779 164 22
2016-12-31 6,527 -24
2016-09-30 6,132 -7
2016-06-30 6,720 14
2016-03-31 6,992 478 22

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if T.T is high growth as no earnings estimate data is available.
  • Unable to determine if T.T 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
NSEI:TTL 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 T.T Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:TTL Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -1.80
2018-09-30 -1.41
2018-06-30 -5.34
2018-03-31 -6.86
2017-12-31 -3.46
2017-09-30 -3.26
2017-06-30 -0.49
2017-03-31 1.00
2016-12-31 -1.12
2016-09-30 -0.35
2016-06-30 0.66
2016-03-31 1.00

*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 T.T will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of TTL’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. T.T's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. T.T's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess T.T'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 India 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.
T.T 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.

TTL Past Performance

  How has T.T 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 T.T's growth in the last year to its industry (Luxury).
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.
  • T.T does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare T.T's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare T.T's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
T.T'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 T.T Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:TTL Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 5,343.28 -38.76 242.94
2018-09-30 5,709.36 -30.12 248.26
2018-06-30 5,582.15 -115.13 254.82
2018-03-31 5,111.47 -147.42 264.84
2017-12-31 5,648.10 -67.80 293.30
2017-09-30 6,200.23 -68.22 303.05
2017-06-30 6,413.25 -10.42 304.88
2017-03-31 6,778.99 21.53 279.38
2016-12-31 6,527.10 -24.16 308.04
2016-09-30 6,132.36 -7.48 315.67
2016-06-30 6,719.83 14.31 318.71
2016-03-31 6,992.20 21.54 315.37
2015-12-31 7,333.31 72.60 577.19
2015-09-30 7,537.98 90.95 566.84
2015-06-30 7,137.80 48.39 566.49
2015-03-31 6,792.84 40.43 316.12
2014-12-31 6,929.11 17.64 545.41
2014-09-30 7,048.72 -14.69 529.58
2014-06-30 7,531.05 75.88 511.85
2014-03-31 7,435.36 89.88 502.39
2013-12-31 6,897.30 100.77 421.93
2013-09-30 6,277.15 100.82 415.27
2013-06-30 5,415.35 80.39 182.86
2013-03-31 5,030.21 65.52 423.05
2012-12-31 4,460.89 15.04 323.15
2012-09-30 4,153.27 5.75 315.34
2012-06-30 3,914.65 -36.30 309.93

*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.
  • It is difficult to establish if T.T has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • T.T used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • It is difficult to establish if T.T improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess T.T'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 Luxury 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.
T.T has a total score of 1/6, 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.

TTL Health

 How is T.T'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 T.T's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • T.T's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • T.T's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of T.T'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x 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 T.T Company Filings, last reported 3 months ago.

NSEI:TTL Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 780.24 2,580.69 25.41
2018-09-30 780.24 2,580.69 25.41
2018-06-30 772.71 2,665.97 4.86
2018-03-31 772.71 2,665.97 4.86
2017-12-31 793.96 3,393.95 30.26
2017-09-30 793.96 3,393.95 30.26
2017-06-30 1,064.23 3,142.74 15.21
2017-03-31 908.08 3,142.74 9.33
2016-12-31 1,024.87 2,902.44 14.15
2016-09-30 1,024.87 2,902.44 14.15
2016-06-30 1,045.87 3,068.88 14.36
2016-03-31 1,045.87 3,068.88 14.36
2015-12-31 1,047.64 3,192.60 16.60
2015-09-30 1,047.64 3,192.60 16.60
2015-06-30 1,043.77 3,190.82 14.80
2015-03-31 1,043.77 3,190.82 14.80
2014-12-31 995.58 3,210.59 18.59
2014-09-30 995.58 3,210.59 18.59
2014-06-30 1,038.39 3,290.53 15.50
2014-03-31 1,038.39 3,290.53 15.50
2013-12-31 1,042.31 3,406.98 30.74
2013-09-30 1,042.31 3,406.98 30.74
2013-06-30 980.69 2,910.55 14.11
2013-03-31 980.68 3,247.41 14.09
2012-12-31 972.54 2,294.80 13.65
2012-09-30 972.54 2,294.80 13.65
2012-06-30 947.63 2,605.60 18.73
  • T.T's level of debt (330.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (326.8% vs 330.8% today).
  • Debt is well covered by operating cash flow (20.1%, greater than 20% of total debt).
  • T.T is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess T.T'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. T.T has a total score of 2/6, 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.

TTL Dividends

 What is T.T'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
0%
Current annual income from T.T dividends.
If you bought ₹2,000 of T.T shares you are expected to receive ₹0 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?
  • Unable to evaluate T.T's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate T.T's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NSEI:TTL 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 Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

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

NSEI:TTL Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-18 0.000 0.000
2018-01-24 0.000 0.000
2017-12-13 0.000 0.000
2017-09-11 0.000 0.000
2017-07-24 0.000 0.000
2017-05-29 0.000 0.000
2016-05-11 0.500 0.989
2015-05-13 1.000 1.950
2014-05-22 1.000 2.452
2014-05-21 1.000 3.715
2013-07-22 1.000 4.313
2013-05-29 1.000 4.632
2013-02-06 0.000 0.000
2012-11-02 0.000 0.000
2012-07-25 0.000 0.000
2012-06-08 0.000 0.000
2012-05-31 0.000 0.000
2011-07-11 1.000 4.728
2011-05-25 1.000 3.386
2010-05-31 0.000 0.000
2009-11-03 0.000 0.000
2009-06-30 0.000 0.000
2009-06-01 0.000 0.000

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

  • Unable to perform a dividend volatility check as T.T has not reported any payouts.
  • Unable to verify if T.T's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of T.T's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as T.T 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 T.T'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 T.T afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. T.T has a total score of 0/6, see the detailed checks below.


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

TTL Management

 What is the CEO of T.T'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
Sanjay Jain
COMPENSATION ₹9,600,000
AGE 48
TENURE AS CEO 7.9 years
CEO Bio

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 experience of over 12 years in the industry and is looking after marketing and finance of the TT Ltd. He has been instrumental in setting up marketing network for raw cotton and cotton yarn in over 20 countries in the world. He has been Whole time director of TT Ltd. since July 1, 2002. He is an MBA-Gold Medalist from IIM, Ahmedabad and an Associate Member of the Institute of Company Secretaries of India (ACS) and Institute of Cost Accountants of India (AICWA) and Studies from Harvard Business School.

CEO Compensation
  • Sanjay's compensation has been consistent with company performance over the past year.
  • Sanjay's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the T.T management team in years:

7.9
Average Tenure
54
Average Age
  • The average tenure for the T.T management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Rikhab Jain

TITLE
Executive Chairman
COMPENSATION
₹4M
AGE
72

Sanjay Jain

TITLE
MD & Whole Time Director
COMPENSATION
₹10M
AGE
48
TENURE
7.9 yrs

Jyoti Jain

TITLE
Joint MD & Executive Director
COMPENSATION
₹7M
AGE
46
TENURE
8 yrs

Sunil Mahnot

TITLE
Director of Finance
COMPENSATION
₹2M
AGE
48

B. N. Modi

TITLE
Chief Administrative Officer
AGE
55

Neha Lakhera

TITLE
Company Secretary & Compliance officer
TENURE
0.7 yrs

J. Jain

TITLE
Vice President of Marketing
COMPENSATION
₹400K
AGE
55

B. Jain

TITLE
Vice President of Technical
COMPENSATION
₹400K
AGE
54
Board of Directors Tenure

Average tenure and age of the T.T board of directors in years:

14.3
Average Tenure
67
Average Age
  • The average tenure for the T.T board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Rikhab Jain

TITLE
Executive Chairman
COMPENSATION
₹4M
AGE
72
TENURE
7.9 yrs

Sanjay Jain

TITLE
MD & Whole Time Director
COMPENSATION
₹10M
AGE
48
TENURE
16.8 yrs

Jyoti Jain

TITLE
Joint MD & Executive Director
COMPENSATION
₹7M
AGE
46
TENURE
22.3 yrs

Sunil Mahnot

TITLE
Director of Finance
COMPENSATION
₹2M
AGE
48
TENURE
4.9 yrs

Veerendra Mehta

TITLE
Independent Non Executive Director
COMPENSATION
₹170K
AGE
84
TENURE
14.3 yrs

V. Kothari

TITLE
Independent Non-Executive Director
COMPENSATION
₹160K
AGE
70
TENURE
24.6 yrs

Mahesh Mehta

TITLE
Independent Non-Executive Director
COMPENSATION
₹90K
AGE
67
TENURE
4.9 yrs

Ankit Gulgulia

TITLE
Non-Executive Independent Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
08. Dec 18 Buy Rikhab Jain Individual 14. Oct 18 07. Dec 18 3,295 ₹64.77 ₹213,408
11. Oct 18 Buy Sanjay Jain Individual 26. Sep 17 10. Oct 18 6,345 ₹63.93 ₹405,623
08. Jun 18 Buy Rikhab Jain Individual 17. Oct 17 07. Jun 18 2,000 ₹86.94 ₹173,885
X
Management checks
We assess T.T'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. T.T 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.

TTL News

Simply Wall St News

Are Insiders Buying T.T. Limited (NSE:TTL) Stock?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So shareholders might well want to know whether insiders have been buying or selling shares in T.T. … In the last twelve months T.T insiders were buying shares, but not selling

Simply Wall St -

If You Had Bought T.T (NSE:TTL) Stock Five Years Ago, You Could Pocket A 152% Gain Today

T.T isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … When a company doesn't make profits, we'd generally expect to see good revenue growth. … As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.

Simply Wall St -

Could The T.T. Limited (NSE:TTL) Ownership Structure Tell Us Something Useful?

Limited (NSE:TTL), then you'll have to look at the makeup of its share registry. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … institutions are not really that prevalent on the share registry.

Simply Wall St -

Should You Worry About T.T. Limited's (NSE:TTL) CEO Salary Level?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Sanjay Jain's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below ₹14b

Simply Wall St -

How Many Insiders Bought TT Limited (NSE:TTL) Shares?

So we'll take a look at whether insiders have been buying or selling shares in TT Limited (NSE:TTL). … The Last 12 Months Of Insider Transactions At T.T. … In the last twelve months there was more buying than selling by T.T insiders

Simply Wall St -

Could TT Limited's (NSE:TTL) Investor Composition Influence The Stock Price?

If you want to know who really controls TT Limited (NSE:TTL), then you'll have to look at the makeup of its share registry. … institutions are not really that prevalent on the share registry … Let's take a closer look to see what the different types of shareholder can tell us about TTL

Simply Wall St -

How Should Investors Feel About TT Limited's (NSE:TTL) CEO Pay?

Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … Jain’s pay and compare this to the company’s performance over the same period, as well as measure it against other

Simply Wall St -

How Financially Strong Is TT Limited (NSE:TTL)?

While small-cap stocks, such as TT Limited (NSE:TTL) with its market cap of ₹1.66b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

One Thing To Consider Before Buying TT. Limited (NSE:TTL)

T.T's beta of 0.79 indicates that the stock value will be less variable compared to the whole stock market. … Based on this beta value, TTL appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … However, this is the opposite to what TTL’s actual beta value suggests, which is lower stock volatility relative to the market.

Simply Wall St -

Who Really Owns TT. Limited (NSE:TTL)?

See our latest analysis for T.T NSEI:TTL Ownership_summary May 16th 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … General Public Ownership The general public holds a substantial 34.27% stake in TTL, making it a highly popular stock among retail investors. … Next Steps: With a low level of institutional ownership, investors in TTL need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

TTL Company Info

Description

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; garments for men, ladies, and kids; and cotton and polyester sewing threads. It also offers agro commodities, such as poultry and cattle feed, including soybean meal, de oiled rice bran, cotton seed meal, groundnut meal, castor meal, safflower meal, rapeseed meal, and barley; oil seeds, such as groundnut kernels, hulled sesame seeds, natural white and black sesame seeds, and niger seeds; spices consisting of cumin, fennel, ajwain, dill, fenugreek, and coriander seeds, as well as turmeric fingers; grains, including yellow corn/maize, millets, and sorghum; and castor oil and derivatives, such as castor oil and castor seed extraction meal. The company also exports its products. T.T. Limited was incorporated in 1978 and is headquartered in New Delhi, India.

Details
Name: T.T. Limited
TTL
Exchange: NSEI
Founded: 1978
₹1,132,947,235
21,498,050
Website: http://www.ttlimited.co.in
Address: T.T. Limited
879, Master Prithvi Nath Marg,
T T Garments Park,
New Delhi,
Delhi, 110005,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 514142 Equity Shares Mumbai Stock Exchange IN INR 15. Jan 2002
NSEI TTL Equity Shares National Stock Exchange of India IN INR 15. Jan 2002
Number of employees
Current staff
Staff numbers
0
T.T employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 12:47
End of day share price update: 2019/04/24 00:00
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.