BSE:523586

Stock Analysis Report

Indian Toners & Developers

Executive Summary

Indian Toners & Developers Limited develops, produces, markets, and sells compatible toners in India.


Snowflake Analysis

Flawless balance sheet and good value.

Share Price & News

How has Indian Toners & Developers's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 523586's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.0%

523586

-1.9%

IN Chemicals

-3.5%

IN Market


1 Year Return

-40.6%

523586

21.5%

IN Chemicals

5.2%

IN Market

Return vs Industry: 523586 underperformed the Indian Chemicals industry which returned 22.3% over the past year.

Return vs Market: 523586 underperformed the Indian Market which returned 6.4% over the past year.


Shareholder returns

523586IndustryMarket
7 Day-4.0%-1.9%-3.5%
30 Day-26.3%1.4%-3.9%
90 Day-11.9%10.0%-2.1%
1 Year-37.8%-40.6%24.5%21.5%7.2%5.2%
3 Year-47.1%-50.7%52.2%46.0%18.9%12.4%
5 Year-10.1%-16.2%114.3%99.0%29.4%17.7%

Price Volatility Vs. Market

How volatile is Indian Toners & Developers's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Indian Toners & Developers undervalued compared to its fair value and its price relative to the market?

6.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 523586 (₹82) is trading below our estimate of fair value (₹88.02)

Significantly Below Fair Value: 523586 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 523586 is good value based on its PE Ratio (6.7x) compared to the Chemicals industry average (11x).

PE vs Market: 523586 is good value based on its PE Ratio (6.7x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 523586's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 523586 is good value based on its PB Ratio (0.6x) compared to the IN Chemicals industry average (1.1x).


Next Steps

Future Growth

How is Indian Toners & Developers forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.1%

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 Indian Toners & Developers 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 Indian Toners & Developers performed over the past 5 years?

14.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 523586 has high quality earnings.

Growing Profit Margin: 523586's current net profit margins (15.4%) are lower than last year (19.3%).


Past Earnings Growth Analysis

Earnings Trend: 523586's earnings have grown by 14% per year over the past 5 years.

Accelerating Growth: 523586's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 523586 had negative earnings growth (-26.3%) over the past year, making it difficult to compare to the Chemicals industry average (10%).


Return on Equity

High ROE: 523586's Return on Equity (8.9%) is considered low.


Next Steps

Financial Health

How is Indian Toners & Developers's financial position?


Financial Position Analysis

Short Term Liabilities: 523586's short term assets (₹583.7M) exceed its short term liabilities (₹168.8M).

Long Term Liabilities: 523586's short term assets (₹583.7M) exceed its long term liabilities (₹30.0M).


Debt to Equity History and Analysis

Debt Level: 523586 is debt free.

Reducing Debt: 523586 had no debt 5 years ago.

Debt Coverage: 523586 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 523586 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 523586 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 523586's debt is covered by short term assets.


Next Steps

Dividend

What is Indian Toners & Developers's current dividend yield, its reliability and sustainability?

3.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 523586's dividend (3.66%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: 523586's dividend (3.66%) is in the top 25% of dividend payers in the Indian market (2.63%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 523586 has been paying a dividend for less than 10 years.

Growing Dividend: 523586 has only been paying a dividend for 2 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.4%), 523586's dividend payments are well 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?

6.8yrs

Average board tenure


CEO

Sushil Jain (61yo)

5.5yrs

Tenure

₹20,149,095

Compensation

Mr. Sushil Jain serves as the Chairman of the Board, Chief Executive Officer and Managing Director of Indian Toners & Developers Ltd. Mr. Jains a young and dynamic qualified engineer from Delhi School of E ...


CEO Compensation Analysis

Compensation vs Market: Sushil's total compensation ($USD280.54K) is above average for companies of similar size in the Indian market ($USD49.94K).

Compensation vs Earnings: Sushil's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Sushil Jain
Chairman5.5yrs₹20.15m58.62% 633.8m
Akshat Jain
President & Wholetime Director1.8yrs₹11.95m10.63% 115.0m
Sanjeev Goel
Non-Executive Independent Director17.8yrs₹110.00k0.020% 215.9k
Arun Garg
Non-Executive Independent Director7.4yrs₹105.00kno data
Neena Jain
Non-Executive Independent Director6.1yrs₹55.00kno data
Manisha Chamaria
Additional Director0yrsno datano data

6.8yrs

Average Tenure

60yo

Average Age

Experienced Board: 523586's board of directors are considered experienced (6.8 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

Indian Toners & Developers Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Indian Toners & Developers Limited
  • Ticker: 523586
  • Exchange: BSE
  • Founded: 1990
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: ₹1.081b
  • Shares outstanding: 13.16m
  • Website: https://www.indiantoners.com

Number of Employees


Location

  • Indian Toners & Developers Limited
  • 1223, DLF Tower-B
  • Jasola
  • New Delhi
  • Delhi
  • 110025
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
523586BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2005

Biography

Indian Toners & Developers Limited develops, produces, markets, and sells compatible toners in India. The company offers chemical color toners, laser toners, copier/digital toner, and wide format copier and printer toners. Its products are primarily used in laser, multi-function, and wide format printers, as well as digital machines and analogue copiers. The company offers its products primarily under the ITDL Color Premium, Supremo, and Formula-L brand names through a network of jobbers, re-fillers, distributors, and dealers. The company also exports its toners to approximately 20 countries. Indian Toners & Developers Limited was incorporated in 1990 and is headquartered in New Delhi, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 12:31
End of Day Share Price2020/02/26 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.