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Indian Toners & Developers

BSE:523586
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
523586
BSE
₹2B
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

Indian Toners & Developers Limited develops, produces, markets, and sells compatible toners in India. The last earnings update was 2 days ago. More info.


Add to Portfolio Compare Print
  • Indian Toners & Developers has significant price volatility in the past 3 months.
523586 Share Price and Events
7 Day Returns
-1.6%
BSE:523586
4.8%
IN Chemicals
4.3%
IN Market
1 Year Returns
-40%
BSE:523586
1%
IN Chemicals
0.3%
IN Market
523586 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Indian Toners & Developers (523586) -1.6% -10.8% -4.8% -40% -13.1% 247.7%
IN Chemicals 4.8% -0.8% 7.5% 1% 54.3% 164.9%
IN Market 4.3% -1.1% 6.7% 0.3% 36.5% 45.2%
1 Year Return vs Industry and Market
  • 523586 underperformed the Chemicals industry which returned 1% over the past year.
  • 523586 underperformed the Market in India which returned 0.3% over the past year.
Price Volatility
523586
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Indian Toners & Developers 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 Indian Toners & Developers 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 Indian Toners & Developers.

BSE:523586 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 15.4%
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 BSE:523586
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.871 (1 + (1- 35%) (0%))
0.914
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.914 * 8.6%)
15.41%

Discounted Cash Flow Calculation for BSE:523586 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Indian Toners & Developers 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.

BSE:523586 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 15.41%)
2019 151.96 Est @ 11.72% 131.67
2020 167.87 Est @ 10.47% 126.04
2021 183.98 Est @ 9.6% 119.69
2022 200.50 Est @ 8.98% 113.02
2023 217.65 Est @ 8.55% 106.31
2024 235.61 Est @ 8.25% 99.72
2025 254.56 Est @ 8.04% 93.35
2026 274.65 Est @ 7.89% 87.27
2027 296.05 Est @ 7.79% 81.51
2028 318.90 Est @ 7.72% 76.08
Present value of next 10 years cash flows ₹1,034.65
BSE:523586 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹318.90 × (1 + 7.55%) ÷ (15.41% – 7.55%)
₹4,364.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹4,364.27 ÷ (1 + 15.41%)10
₹1,041.19
BSE:523586 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹1,034.65 + ₹1,041.19
₹2,075.84
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹2,075.84 / 13.16
₹157.72
BSE:523586 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹157.72
Current discount Discount to share price of ₹121.70
= -1 x (₹121.70 - ₹157.72) / ₹157.72
22.8%

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

Current Discount
Amount off the current price Indian Toners & Developers is available for.
Intrinsic value
23%
Share price is ₹121.7 vs Future cash flow value of ₹157.72
Current Discount Checks
For Indian Toners & Developers to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Indian Toners & Developers's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Indian Toners & Developers's share price is below the future cash flow value, but not 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 Indian Toners & Developers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Indian Toners & Developers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:523586 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹15.14
BSE:523586 Share Price ** BSE (2019-05-23) in INR ₹121.7
India Chemicals Industry PE Ratio Median Figure of 232 Publicly-Listed Chemicals Companies 14.84x
India Market PE Ratio Median Figure of 2,766 Publicly-Listed Companies 15.4x

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

** Primary Listing of Indian Toners & Developers.

BSE:523586 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:523586 Share Price ÷ EPS (both in INR)

= 121.7 ÷ 15.14

8.04x

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

  • Indian Toners & Developers is good value based on earnings compared to the IN Chemicals industry average.
  • Indian Toners & Developers is good value based on earnings compared to the India market.
Price based on expected Growth
Does Indian Toners & Developers's expected growth come at a high price?
Raw Data
BSE:523586 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
9.1%per year
India Chemicals Industry PEG Ratio Median Figure of 52 Publicly-Listed Chemicals Companies 1.33x
India Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.3x

*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 Indian Toners & Developers, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Indian Toners & Developers's assets?
Raw Data
BSE:523586 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹124.23
BSE:523586 Share Price * BSE (2019-05-23) in INR ₹121.7
India Chemicals Industry PB Ratio Median Figure of 268 Publicly-Listed Chemicals Companies 1.41x
India Market PB Ratio Median Figure of 3,639 Publicly-Listed Companies 1.04x
BSE:523586 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:523586 Share Price ÷ Book Value per Share (both in INR)

= 121.7 ÷ 124.23

0.98x

* Primary Listing of Indian Toners & Developers.

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

  • Indian Toners & Developers is good value based on assets compared to the IN Chemicals industry average.
X
Value checks
We assess Indian Toners & Developers'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 Chemicals 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 Chemicals industry average (and greater than 0)? (1 check)
  5. Indian Toners & Developers has a total score of 4/6, 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.

Future Performance

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

  • No analysts cover Indian Toners & Developers, future earnings growth has been estimated based on fundamentals.
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
9.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Indian Toners & Developers expected to grow at an attractive rate?
  • Indian Toners & Developers's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Indian Toners & Developers's earnings growth is positive but not above the India market average.
  • Unable to compare Indian Toners & Developers's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:523586 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:523586 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 9.1%
India Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 18.6%
India Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 13.5%
India Market Earnings Growth Rate Market Cap Weighted Average 17.1%
India Market Revenue Growth Rate Market Cap Weighted Average 10.1%

*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
BSE:523586 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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.
BSE:523586 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 1,218 199
2018-03-31 1,105 187 241
2017-03-31 1,145 179 229
2016-12-31 1,157 91
2016-09-30 1,160 101
2016-06-30 1,139 105

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Indian Toners & Developers's earnings are expected to grow by 9.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Indian Toners & Developers 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
BSE:523586 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Indian Toners & Developers Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:523586 Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 15.14
2018-03-31 18.27
2017-03-31 28.38
2016-12-31 11.26
2016-09-30 12.50
2016-06-30 13.07

*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 Indian Toners & Developers will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Indian Toners & Developers'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.
Indian Toners & Developers has a total score of 1/6, 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.

Past Performance

  How has Indian Toners & Developers 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 Indian Toners & Developers's growth in the last year to its industry (Chemicals).
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.
  • Indian Toners & Developers's year on year earnings growth rate has been positive over the past 5 years.
  • Indian Toners & Developers's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Indian Toners & Developers's 1-year earnings growth is negative, it can't be compared to the IN Chemicals industry average.
Earnings and Revenue History
Indian Toners & Developers'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 Indian Toners & Developers Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:523586 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,217.77 199.32 144.89
2018-03-31 1,104.80 240.52 145.01
2017-03-31 1,145.01 228.74 138.47
2016-12-31 1,156.77 90.72 144.48
2016-09-30 1,160.29 100.69 139.17
2016-06-30 1,139.46 105.31 120.92
2016-03-31 1,091.33 106.43 131.01
2015-12-31 1,051.84 109.47 222.53
2015-09-30 1,015.80 104.98 219.88
2015-06-30 984.98 111.31 216.76
2015-03-31 955.61 104.87 110.65
2014-12-31 927.05 110.35 181.42
2014-09-30 911.59 125.09 179.87
2014-06-30 881.23 112.60 177.30
2014-03-31 846.39 115.41 175.41
2013-12-31 784.80 97.49 164.88
2013-09-30 739.84 86.33 158.97
2013-06-30 699.56 72.69 158.40
2013-03-31 685.65 66.15 156.75
2012-12-31 660.12 60.94 160.45
2012-09-30 648.39 58.77 163.12
2012-06-30 626.04 57.90 161.31

*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.
  • Indian Toners & Developers has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Indian Toners & Developers used its assets more efficiently than the IN Chemicals industry average last year based on Return on Assets.
  • Indian Toners & Developers's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Indian Toners & Developers'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 Chemicals 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.
Indian Toners & Developers has a total score of 2/6, 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.

Health

 How is Indian Toners & Developers'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 Indian Toners & Developers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Indian Toners & Developers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Indian Toners & Developers's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Indian Toners & Developers'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.
  • Indian Toners & Developers has no debt, it does not need to be covered by short term assets.
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 Indian Toners & Developers Company Filings, last reported 1 month ago.

BSE:523586 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31
2018-03-31 1,635.12 0.00 264.49
2017-03-31 1,436.69 0.00 190.12
2016-12-31 1,223.14 0.00 192.96
2016-09-30 1,223.14 0.00 192.96
2016-06-30 1,138.32 0.00 311.71
2016-03-31 1,138.32 4.10 311.71
2015-12-31 1,068.15 0.00 513.15
2015-09-30 1,068.15 0.00 513.15
2015-06-30 980.25 2.21 443.86
2015-03-31 980.25 2.21 90.23
2014-12-31 923.64 0.00 412.64
2014-09-30 923.64 0.00 412.64
2014-06-30 836.54 2.30 352.38
2014-03-31 836.54 2.30 358.12
2013-12-31 736.43 0.60 251.37
2013-09-30 736.43 0.60 251.37
2013-06-30 662.21 2.02 176.62
2013-03-31 662.21 2.02 176.62
2012-12-31
2012-09-30
2012-06-30 555.84 2.82 133.37
  • Indian Toners & Developers has no debt.
  • Indian Toners & Developers has no debt compared to 5 years ago when it was 0.3%.
  • Indian Toners & Developers has no debt, it does not need to be covered by operating cash flow.
  • Indian Toners & Developers has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Indian Toners & Developers'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. Indian Toners & Developers has a total score of 6/6, 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.

Dividends

 What is Indian Toners & Developers'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
2.47%
Current annual income from Indian Toners & Developers dividends.
If you bought ₹2,000 of Indian Toners & Developers shares you are expected to receive ₹49 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?
  • Indian Toners & Developers's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.54%).
  • Indian Toners & Developers's dividend is above the markets top 25% of dividend payers in India (2%).
Upcoming dividend payment

Purchase Indian Toners & Developers before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
BSE:523586 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 Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 165 Stocks 1%
India Market Average Dividend Yield Market Cap Weighted Average of 1409 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.

BSE:523586 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-20 3.000 2.507
2018-11-05 3.000 2.204
2018-05-17 3.000 1.648
2017-11-27 3.000 1.102

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

  • It is too early to tell whether Indian Toners & Developers has stable dividend payments.
  • Indian Toners & Developers only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Indian Toners & Developers's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5x coverage).
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 Indian Toners & Developers'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 Indian Toners & Developers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Indian Toners & Developers has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of Indian Toners & Developers'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
Sushil Jain
COMPENSATION ₹16,032,207
AGE 60
CEO Bio

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 Engineering, New Delhi and is associated with Company from its inception. He has more than 27 years experience to his credit in managing the affairs of Industrial Undertakings at top management levels. He has very efficiently and suitably managed the affaires of Indian Toners & Developers. He is a Director of Indian Toners & Developers Limited since January 10, 1990. Mr. Jain is also on the Board of Directors of P.K. Business Enterprises Limited, MahavirPhototech (Pvt.) Ltd., ITDL (USA) Inc. and ITDL Imagetec Limited.

CEO Compensation
  • Sushil's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Sushil's remuneration is higher than average for companies of similar size in India.
Management Team

Sushil Jain

TITLE
Chairman
COMPENSATION
₹16M
AGE
60

Naresh Maheshwari

TITLE
Chief Financial Officer
AGE
53
TENURE
4.8 yrs

S. Singhal

TITLE
Company Secretary & Compliance Officer

Akshat Jain

TITLE
President & Whole-time Director
AGE
35
Board of Directors Tenure

Average tenure and age of the Indian Toners & Developers board of directors in years:

6
Average Tenure
59.5
Average Age
  • The tenure for the Indian Toners & Developers board of directors is about average.
Board of Directors

Sushil Jain

TITLE
Chairman
COMPENSATION
₹16M
AGE
60

Akshat Jain

TITLE
President & Whole-time Director
AGE
35
TENURE
1.1 yrs

Sanjeev Goel

TITLE
Non-Executive Independent Director
COMPENSATION
₹120K
AGE
59
TENURE
17 yrs

Arun Garg

TITLE
Non-Executive Independent Director
COMPENSATION
₹115K
AGE
60
TENURE
6.7 yrs

Neena Jain

TITLE
Non-Executive Independent Director
COMPENSATION
₹60K
TENURE
5.3 yrs
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 (₹)
13. Dec 18 Buy Sushil Jain Individual 10. Dec 18 11. Dec 18 5,240 ₹127.65 ₹668,872
X
Management checks
We assess Indian Toners & Developers'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. Indian Toners & Developers 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.

News

Simply Wall St News

Indian Toners & Developers Limited (BOM:523586) Delivered A Better ROE Than The Industry, Here’s Why

and want a simplistic look at the return on Indian Toners & Developers Limited (BOM:523586) stock. … With an ROE of 14.73%, Indian Toners & Developers Limited (BOM:523586) returned in-line to its own industry which delivered 13.25% over the past year. … Return on Equity (ROE) weighs Indian Toners & Developers’s profit against the level of its shareholders’ equity.

Simply Wall St -

Company Info

Description

Indian Toners & Developers Limited develops, produces, markets, and sells compatible toners in India. Its products are primarily used in laser, multi-function, and wide format printers, as well as digital machines and analogue copiers. The company also offers chemical color toner products. In addition, it exports toners to approximately 20 countries. 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. Indian Toners & Developers Limited was incorporated in 1990 and is headquartered in New Delhi, India.

Details
Name: Indian Toners & Developers Limited
523586
Exchange: BSE
Founded: 1990
₹1,570,838,153
13,161,610
Website: http://www.indiantoners.com
Address: Indian Toners & Developers Limited
1223, DLF Tower-B,
Jasola,
New Delhi,
Delhi, 110025,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 523586 Equity Shares Mumbai Stock Exchange IN INR 11. Jan 2005
Number of employees
Current staff
Staff numbers
0
Indian Toners & Developers employees.
Industry
Specialty Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 12:31
End of day share price update: 2019/05/23 00:00
Last earnings filing: 2019/05/21
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.