company background image
5900

Tide Water Oil (India) BSE:590005 Stock Report

Last Price

₹1.06k

Market Cap

₹18.0b

7D

-2.4%

1Y

-40.9%

Updated

25 Sep, 2022

Data

Company Financials
590005 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends4/6

590005 Stock Overview

Tide Water Oil Co. (India) Limited manufactures and markets lubricants under the Veedol brand in India and internationally.

Tide Water Oil (India) Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tide Water Oil (India)
Historical stock prices
Current Share Price₹1,061.65
52 Week High₹1,967.15
52 Week Low₹975.00
Beta0.49
1 Month Change-5.66%
3 Month Change1.01%
1 Year Change-40.85%
3 Year Change17.80%
5 Year Change-17.15%
Change since IPO1,810.04%

Recent News & Updates

Shareholder Returns

590005IN ChemicalsIN Market
7D-2.4%-0.5%-1.1%
1Y-40.9%3.4%0.5%

Return vs Industry: 590005 underperformed the Indian Chemicals industry which returned 3.4% over the past year.

Return vs Market: 590005 underperformed the Indian Market which returned 0.5% over the past year.

Price Volatility

Is 590005's price volatile compared to industry and market?
590005 volatility
590005 Average Weekly Movement4.2%
Chemicals Industry Average Movement5.3%
Market Average Movement5.8%
10% most volatile stocks in IN Market9.1%
10% least volatile stocks in IN Market3.7%

Stable Share Price: 590005 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 590005's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1921509Rajendra Ghosalhttps://www.veedolindia.com

Tide Water Oil Co. (India) Limited manufactures and markets lubricants under the Veedol brand in India and internationally. The company provides engine oils for passenger cars, two/three wheelers, heavy commercial vehicles, off-highway vehicles, buses, and tractors; gear oils, transmission oils, coolants, brake oils, and greases for various automotive applications; and automotive after care products. It also offers specialties, including vehicle sanitization and care products; and a wide range of industrial lubricants comprising machinery, spindle, turbine, hydraulic and circulation, heavy-duty hydraulic, compressor, refrigeration, steam cylinder, industrial gear, non-drip, mill roll, and other oils, as well as metal working and thermic fluids; and cardium compounds.

Tide Water Oil (India) Fundamentals Summary

How do Tide Water Oil (India)'s earnings and revenue compare to its market cap?
590005 fundamental statistics
Market Cap₹18.04b
Earnings (TTM)₹1.34b
Revenue (TTM)₹16.89b

13.5x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
590005 income statement (TTM)
Revenue₹16.89b
Cost of Revenue₹11.02b
Gross Profit₹5.87b
Other Expenses₹4.54b
Earnings₹1.34b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)78.69
Gross Margin34.77%
Net Profit Margin7.92%
Debt/Equity Ratio2.0%

How did 590005 perform over the long term?

See historical performance and comparison

Dividends

5.2%

Current Dividend Yield

70%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 590005 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 590005?

Other financial metrics that can be useful for relative valuation.

590005 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/Revenue1x
Enterprise Value/EBITDA10.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 590005's PE Ratio compare to its peers?

590005 PE Ratio vs Peers
The above table shows the PE ratio for 590005 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.8x
507753 TGV SRAAC
6.6xn/a₹18.1b
506852 Punjab Alkalies & Chemicals
19.1xn/a₹18.3b
500052 Bhansali Engineering Polymers
6.3xn/a₹20.2b
ANDHRSUGAR Andhra Sugars
7.2xn/a₹19.2b
590005 Tide Water Oil (India)
13.5xn/a₹18.0b

Price-To-Earnings vs Peers: 590005 is expensive based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (9.8x).


Price to Earnings Ratio vs Industry

How does 590005's PE Ratio compare vs other companies in the IN Chemicals Industry?

Price-To-Earnings vs Industry: 590005 is good value based on its Price-To-Earnings Ratio (13.5x) compared to the Indian Chemicals industry average (19.6x)


Price to Earnings Ratio vs Fair Ratio

What is 590005'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.

590005 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 590005's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 590005 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 590005 (₹1061.65) is trading above our estimate of fair value (₹844.5)

Significantly Below Fair Value: 590005 is trading above our estimate of fair value.


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.


Discover undervalued companies

Future Growth

How is Tide Water Oil (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


16.7%

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 Tide Water Oil (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.


Discover growth companies

  • Examine Tide Water Oil (India)'s financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Tide Water Oil (India) competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Tide Water Oil (India) performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


7.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 590005 has high quality earnings.

Growing Profit Margin: 590005's current net profit margins (7.9%) are lower than last year (11%).


Past Earnings Growth Analysis

Earnings Trend: 590005's earnings have grown by 7.5% per year over the past 5 years.

Accelerating Growth: 590005's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 590005 had negative earnings growth (-8.9%) over the past year, making it difficult to compare to the Chemicals industry average (18.5%).


Return on Equity

High ROE: 590005's Return on Equity (18.6%) is considered low.


Discover strong past performing companies

Financial Health

How is Tide Water Oil (India)'s financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 590005's short term assets (₹6.9B) exceed its short term liabilities (₹2.6B).

Long Term Liabilities: 590005's short term assets (₹6.9B) exceed its long term liabilities (₹534.4M).


Debt to Equity History and Analysis

Debt Level: 590005 has more cash than its total debt.

Reducing Debt: 590005's debt to equity ratio has reduced from 5.2% to 2% over the past 5 years.

Debt Coverage: 590005's debt is well covered by operating cash flow (650.7%).

Interest Coverage: 590005 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

What is Tide Water Oil (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


5.18%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 590005's dividend (5.18%) is higher than the bottom 25% of dividend payers in the Indian market (0.35%).

High Dividend: 590005's dividend (5.18%) is in the top 25% of dividend payers in the Indian market (1.6%)


Stability and Growth of Payments

Stable Dividend: 590005's dividend payments have been volatile in the past 10 years.

Growing Dividend: 590005's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (69.9%), 590005's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (110.2%), 590005's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

4.8yrs

Average board tenure


CEO

Rajendra Ghosal (67 yo)

15.25yrs

Tenure

₹10,051,000

Compensation

Shri Rajendra Nath Ghosal, M.Sc. (Chemistry), M. Tech (Credits), has been the Chief Executive Officer of Tide Water Oil Co. (India) Ltd., since June 1, 2007 and serves as its Managing Director since Novemb...


CEO Compensation Analysis

Compensation vs Market: Rajendra's total compensation ($USD123.90K) is below average for companies of similar size in the Indian market ($USD220.07K).

Compensation vs Earnings: Rajendra's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: 590005's board of directors are considered experienced (4.8 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

What is the ownership structure of 590005?
Owner TypeNumber of SharesOwnership Percentage
State or Government61,3000.4%
Institutions1,504,3818.9%
Public Companies4,571,11526.9%
General Public4,712,92427.7%
Private Companies6,145,14036.2%

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


Top Shareholders

Top 9 shareholders own 68.3% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
30.09%
Standard Greases & Specialities Pvt Ltd.
5,114,165₹5.4b0%no data
26.9%
Andrew Yule & Company Limited
4,571,115₹4.9b0%no data
4.33%
PQR Consultants Pvt Ltd
735,975₹781.3m0%no data
4.23%
Life Insurance Corporation of India, Asset Management Arm
718,607₹762.9m-2.32%0.01%
1.74%
Janus Consolidated Finance Pvt. Ltd.
295,000₹313.2m0%no data
0.54%
Dimensional Fund Advisors LP
91,551₹97.2m-0.01%no data
0.36%
Investor Education and Protection Fund (IEPF)
61,300₹65.1m0%no data
0.096%
State Street Global Advisors, Inc.
16,322₹17.3m2.26%no data
0.021%
American Century Investment Management Inc
3,575₹3.8m0%no data

Company Information

Tide Water Oil Co. (India) Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Tide Water Oil Co. (India) Limited
  • Ticker: 590005
  • Exchange: BSE
  • Founded: 1921
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Implied Market Cap: ₹18.043b
  • Shares outstanding: 16.99m
  • Website: https://www.veedolindia.com

Number of Employees


Location

  • Tide Water Oil Co. (India) Limited
  • Yule House
  • 8, Dr. Rajendra Prasad Sarani
  • Kolkata
  • West Bengal
  • 700001
  • India


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
590005BSE (Mumbai Stock Exchange)YesEquity SharesININRNov 2004
TIDEWATERNSEI (National Stock Exchange of India)YesEquity SharesININRNov 2004

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/25 00:00
End of Day Share Price2022/09/23 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.