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5049

Tinplate Company of India BSE:504966 Stock Report

Last Price

₹312.40

Market Cap

₹32.7b

7D

5.8%

1Y

-1.7%

Updated

06 Oct, 2022

Data

Company Financials
504966 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance6/6
Financial Health5/6
Dividends4/6

504966 Stock Overview

The Tinplate Company of India Limited manufactures and supplies tin coated and tin free steel sheets in India.

Tinplate Company of India Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tinplate Company of India
Historical stock prices
Current Share Price₹312.40
52 Week High₹443.15
52 Week Low₹252.25
Beta0.96
1 Month Change-1.45%
3 Month Change-2.76%
1 Year Change-1.73%
3 Year Change197.10%
5 Year Change13.37%
Change since IPO4,362.86%

Recent News & Updates

Shareholder Returns

504966IN Metals and MiningIN Market
7D5.8%8.0%2.8%
1Y-1.7%-6.0%-1.2%

Return vs Industry: 504966 exceeded the Indian Metals and Mining industry which returned -8.8% over the past year.

Return vs Market: 504966 matched the Indian Market which returned -0.7% over the past year.

Price Volatility

Is 504966's price volatile compared to industry and market?
504966 volatility
504966 Average Weekly Movement4.7%
Metals and Mining Industry Average Movement5.9%
Market Average Movement5.9%
10% most volatile stocks in IN Market9.2%
10% least volatile stocks in IN Market3.8%

Stable Share Price: 504966 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 504966's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19201,388Ramdas Murthyhttps://www.tatatinplate.com

The Tinplate Company of India Limited manufactures and supplies tin coated and tin free steel sheets in India. It offers electrolytic tinplates, tin-free steel sheets, lacquered/coated electrolytic tinplate sheets, and printed electrolytic tinplate sheets, as well as PAXEL cans. The company’s products are used in packaging edible oils, processed foods, paints and chemicals, aerosols, batteries, and crowns, as well as other non-food categories.

Tinplate Company of India Fundamentals Summary

How do Tinplate Company of India's earnings and revenue compare to its market cap?
504966 fundamental statistics
Market Cap₹32.70b
Earnings (TTM)₹3.69b
Revenue (TTM)₹43.93b

8.9x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
504966 income statement (TTM)
Revenue₹43.93b
Cost of Revenue₹31.51b
Gross Profit₹12.41b
Other Expenses₹8.72b
Earnings₹3.69b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)35.28
Gross Margin28.26%
Net Profit Margin8.41%
Debt/Equity Ratio1.0%

How did 504966 perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

11%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 504966 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 504966?

Other financial metrics that can be useful for relative valuation.

504966 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/Revenue0.6x
Enterprise Value/EBITDA4.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 504966's PE Ratio compare to its peers?

504966 PE Ratio vs Peers
The above table shows the PE ratio for 504966 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16x
504614 Sarda Energy & Minerals
3.7xn/a₹29.6b
532527 Ramkrishna Forgings
14.8xn/a₹33.3b
513097 Shivalik Bimetal Controls
42.6xn/a₹27.8b
590078 Maithan Alloys
3.1xn/a₹28.6b
504966 Tinplate Company of India
8.9xn/a₹32.7b

Price-To-Earnings vs Peers: 504966 is good value based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (16x).


Price to Earnings Ratio vs Industry

How does 504966's PE Ratio compare vs other companies in the IN Metals and Mining Industry?

Price-To-Earnings vs Industry: 504966 is good value based on its Price-To-Earnings Ratio (8.9x) compared to the Indian Metals and Mining industry average (12.8x)


Price to Earnings Ratio vs Fair Ratio

What is 504966'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.

504966 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 504966's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 504966 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 504966 (₹312.4) is trading below our estimate of fair value (₹501.56)

Significantly Below Fair Value: 504966 is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Tinplate Company of India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.0%

Forecasted Materials 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 Tinplate Company of India 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.


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  • Examine whether Tinplate Company of India is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Tinplate Company of India competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Tinplate Company of India performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


43.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 504966 has high quality earnings.

Growing Profit Margin: 504966's current net profit margins (8.4%) are higher than last year (6.3%).


Past Earnings Growth Analysis

Earnings Trend: 504966's earnings have grown significantly by 43.7% per year over the past 5 years.

Accelerating Growth: 504966's earnings growth over the past year (112.6%) exceeds its 5-year average (43.7% per year).

Earnings vs Industry: 504966 earnings growth over the past year (112.6%) exceeded the Metals and Mining industry 28.8%.


Return on Equity

High ROE: 504966's Return on Equity (31.5%) is considered high.


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Financial Health

How is Tinplate Company of India's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 504966's short term assets (₹13.4B) exceed its short term liabilities (₹6.7B).

Long Term Liabilities: 504966's short term assets (₹13.4B) exceed its long term liabilities (₹1.4B).


Debt to Equity History and Analysis

Debt Level: 504966 has more cash than its total debt.

Reducing Debt: Insufficient data to determine if 504966's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 504966's debt is well covered by operating cash flow (3833.2%).

Interest Coverage: 504966 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Tinplate Company of India 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


1.28%

Current Dividend Yield

Dividend Yield vs Market

Tinplate Company of India Dividend Yield vs Market
How does Tinplate Company of India dividend yield compare to the market?
SegmentDividend Yield
Company (Tinplate Company of India)1.3%
Market Bottom 25% (IN)0.4%
Market Top 25% (IN)1.6%
Industry Average (Metals and Mining)5.9%
Analyst forecast in 3 Years (Tinplate Company of India)n/a

Notable Dividend: 504966's dividend (1.28%) is higher than the bottom 25% of dividend payers in the Indian market (0.36%).

High Dividend: 504966's dividend (1.28%) is low compared to the top 25% of dividend payers in the Indian market (1.59%).


Stability and Growth of Payments

Stable Dividend: 504966's dividend payments have been volatile in the past 10 years.

Growing Dividend: 504966's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (11.3%), 504966's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (11.4%), 504966's dividend payments are thoroughly covered by cash flows.


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Management

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

5.2yrs

Average management tenure


CEO

Ramdas Murthy (58 yo)

5.25yrs

Tenure

₹25,562,000

Compensation

Mr. Ramdas Narayan Murthy serves as Managing Director and Executive Director at The Tinplate Company Of India Ltd since July 10, 2018. He joined Special Steels Limited (SSL) in 1986 - a then subsidiary of...


CEO Compensation Analysis

Ramdas Murthy's Compensation vs Tinplate Company of India Earnings
How has Ramdas Murthy's remuneration changed compared to Tinplate Company of India's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

₹4b

Mar 31 2022₹26m₹6m

₹4b

Dec 31 2021n/an/a

₹3b

Sep 30 2021n/an/a

₹2b

Jun 30 2021n/an/a

₹2b

Mar 31 2021₹21m₹5m

₹981m

Dec 31 2020n/an/a

₹691m

Sep 30 2020n/an/a

₹827m

Jun 30 2020n/an/a

₹793m

Mar 31 2020₹17m₹5m

₹950m

Dec 31 2019n/an/a

₹956m

Sep 30 2019n/an/a

₹646m

Jun 30 2019n/an/a

₹573m

Mar 31 2019₹19m₹5m

₹580m

Dec 31 2018n/an/a

₹588m

Sep 30 2018n/an/a

₹561m

Jun 30 2018n/an/a

₹685m

Mar 31 2018₹11m₹3m

₹732m

Compensation vs Market: Ramdas's total compensation ($USD313.02K) is about average for companies of similar size in the Indian market ($USD300.81K).

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


Leadership Team

Experienced Management: 504966's management team is seasoned and experienced (5.2 years average tenure).


Board Members

Experienced Board: 504966's board of directors are considered experienced (6.6 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

What is the ownership structure of 504966?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders1,1000.001%
State or Government540,4830.5%
Institutions834,4750.8%
Private Companies1,089,3441.0%
General Public23,744,59622.7%
Public Companies78,457,64075.0%

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


Top Shareholders

Top 10 shareholders own 77.31% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
74.96%
Tata Steel Limited
78,457,640₹24.5b0%no data
1.04%
Patton Developers Pvt Ltd
1,089,344₹340.3m0%no data
0.75%
Dimensional Fund Advisors LP
786,813₹245.8m1.94%no data
0.5%
Investor Education and Protection Fund (IEPF)
522,453₹163.2m-0.05%no data
0.03%
American Century Investment Management Inc
31,061₹9.7m0.29%no data
0.017%
India
18,030₹5.6m0%no data
0.01%
Van Eck Associates Corporation
10,861₹3.4m-6.76%no data
0.0055%
BNY Mellon Asset Management
5,740₹1.8m0.95%no data
0.00096%
Koushik Chatterjee
1,000₹312.4k0%no data
0.0001%
S. Raman
100₹31.2k0%no data

Company Information

The Tinplate Company of India Limited's employee growth, exchange listings and data sources


Key Information

  • Name: The Tinplate Company of India Limited
  • Ticker: 504966
  • Exchange: BSE
  • Founded: 1920
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: ₹32.698b
  • Shares outstanding: 104.67m
  • Website: https://www.tatatinplate.com

Number of Employees


Location

  • The Tinplate Company of India Limited
  • 4, Bankshall Street
  • Kolkata
  • West Bengal
  • 700001
  • India


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
504966BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 2001
TINPLATENSEI (National Stock Exchange of India)YesEquity SharesININRMar 2001

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/06 00:00
End of Day Share Price2022/10/06 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.