Total Transport Systems (NSEI:TOTAL) - Share price, News & Analysis

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

TOTAL (₹81) is trading above our estimate of [[fair value]] (₹33.94)

TOTAL fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	5/6
Financial Health	5/6
Dividends	2/6

TOTAL Stock Overview

Total Transport Systems Limited provides logistic services worldwide.

Rewards

Price-To-Earnings ratio (11.1x) is below the Indian market (20.8x)

Earnings grew by 251.5% over the past year

Risk Analysis

Dividend of 1.85% is not well covered by earnings

Volatile share price over the past 3 months

Does not have a meaningful market cap (₹1B)

Total Transport Systems Competitors

Shree Vasu Logistics

NSEI:SVLL

₹1.0b

Sanco Trans

BSE:523116

₹1.3b

East West Holdings

BSE:540006

₹866.5m

Tiger Logistics (India)

BSE:536264

₹2.5b

Price History & Performance

Summary of all time highs, changes and price drops for Total Transport Systems
Historical stock prices
Current Share Price	₹81.00
52 Week High	₹106.50
52 Week Low	₹43.65
Beta	1.26
1 Month Change	19.21%
3 Month Change	32.90%
1 Year Change	49.03%
3 Year Change	200.00%
5 Year Change	n/a
Change since IPO	86.21%

Recent News & Updates

Jul 24

We Think Total Transport Systems (NSE:TOTAL) Can Stay On Top Of Its Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

	TOTAL	IN Logistics	IN Market
7D	-1.1%	-5.4%	1.4%
1Y	49.0%	43.0%	8.2%

Return vs Industry: TOTAL exceeded the Indian Logistics industry which returned 43% over the past year.

Return vs Market: TOTAL exceeded the Indian Market which returned 8.2% over the past year.

Price Volatility

Is TOTAL's price volatile compared to industry and market?
TOTAL volatility
TOTAL Average Weekly Movement	7.9%
Logistics Industry Average Movement	5.6%
Market Average Movement	6.4%
10% most volatile stocks in IN Market	9.0%
10% least volatile stocks in IN Market	4.1%

Stable Share Price: TOTAL is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: TOTAL's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

Founded	Employees	CEO	Website
1994	346	Makarand Pradhan	https://www.ttspl.in

Total Transport Systems Limited provides logistic services worldwide. It engages in the consolidation and deconsolidation of cargo, freight forwarding, and warehousing and transportation for Fareast and The Gulf. The company was founded in 1994 and is headquartered in Mumbai, India.

Total Transport Systems Fundamentals Summary

How do Total Transport Systems's earnings and revenue compare to its market cap?
TOTAL fundamental statistics
Market Cap	₹1.16b
Earnings (TTM)	₹104.76m
Revenue (TTM)	₹6.56b

11.1x

P/E Ratio

0.2x

P/S Ratio

Is TOTAL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TOTAL income statement (TTM)
Revenue	₹6.56b
Cost of Revenue	₹321.15m
Gross Profit	₹6.24b
Other Expenses	₹6.14b
Earnings	₹104.76m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	7.32
Gross Margin	95.10%
Net Profit Margin	1.60%
Debt/Equity Ratio	48.9%

How did TOTAL perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

n/a

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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 TOTAL?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for TOTAL. This is calculated by dividing TOTAL's market cap by their current preferred multiple.
What is TOTAL's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	₹1.16b

TOTAL 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/Revenue	0.2x
Enterprise Value/EBITDA	7.5x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

TOTAL PE Ratio vs Peers

The above table shows the PE ratio for TOTAL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	21.4x
SVLL Shree Vasu Logistics	32.2x	n/a	₹1.0b
523116 Sanco Trans	15.5x	n/a	₹1.3b
540006 East West Holdings	30.6x	n/a	₹866.5m
536264 Tiger Logistics (India)	7.4x	n/a	₹2.5b
TOTAL Total Transport Systems	11.1x	n/a	₹1.2b

Price-To-Earnings vs Peers: TOTAL is good value based on its Price-To-Earnings Ratio (11.1x) compared to the peer average (21.4x).

Price to Earnings Ratio vs Industry

How does TOTAL's PE Ratio compare vs other companies in the IN Logistics Industry?

Price-To-Earnings vs Industry: TOTAL is good value based on its Price-To-Earnings Ratio (11.1x) compared to the Indian Logistics industry average (21.5x)

Price to Earnings Ratio vs Fair Ratio

What is TOTAL'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.

TOTAL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11.1x
Fair PE Ratio	n/a

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

Share Price vs Fair Value

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

Below Fair Value: TOTAL (₹81) is trading above our estimate of fair value (₹33.94)

Significantly Below Fair Value: TOTAL 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.

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Future Growth

How is Total Transport Systems 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

46.8%

Forecasted Transportation 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 Total Transport Systems 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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Check out Total Transport Systems's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
Total Transport Systems competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Total Transport Systems performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

3.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TOTAL has high quality earnings.

Growing Profit Margin: TOTAL's current net profit margins (1.6%) are higher than last year (0.9%).

Past Earnings Growth Analysis

Earnings Trend: TOTAL's earnings have grown by 3% per year over the past 5 years.

Accelerating Growth: TOTAL's earnings growth over the past year (251.5%) exceeds its 5-year average (3% per year).

Earnings vs Industry: TOTAL earnings growth over the past year (251.5%) exceeded the Logistics industry 81.4%.

Return on Equity

High ROE: TOTAL's Return on Equity (17.2%) is considered low.

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Financial Health

How is Total Transport Systems'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: TOTAL's short term assets (₹1.2B) exceed its short term liabilities (₹704.3M).

Long Term Liabilities: TOTAL's short term assets (₹1.2B) exceed its long term liabilities (₹77.3M).

Debt to Equity History and Analysis

Debt Level: TOTAL's net debt to equity ratio (31.7%) is considered satisfactory.

Reducing Debt: TOTAL's debt to equity ratio has reduced from 83.4% to 48.9% over the past 5 years.

Debt Coverage: TOTAL's debt is not well covered by operating cash flow (15.3%).

Interest Coverage: TOTAL's interest payments on its debt are well covered by EBIT (7.6x coverage).

Balance Sheet

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Dividend

What is Total Transport Systems's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

1.85%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TOTAL's dividend (1.85%) is higher than the bottom 25% of dividend payers in the Indian market (0.39%).

High Dividend: TOTAL's dividend (1.85%) is in the top 25% of dividend payers in the Indian market (1.7%)

Stability and Growth of Payments

Stable Dividend: Too early to tell whether TOTAL's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if TOTAL's dividend payments are increasing as they only just started paying a dividend.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (174.2%), TOTAL's dividend payments are not well covered by cash flows.

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Management

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

4.5yrs

Average management tenure

CEO

Makarand Pradhan (58 yo)

4.5yrs

Tenure

₹4,600,000

Compensation

Mr. Makarand Prabhakar Pradhan is the Promoter of Total Transport Systems Limited and served as its Chief Executive Officer since February 06, 2018 until May 23, 2019. He is Managing Director of Total Tran...

CEO Compensation Analysis

Compensation vs Market: Makarand's total compensation ($USD57.77K) is above average for companies of similar size in the Indian market ($USD37.68K).

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

Leadership Team

Experienced Management: TOTAL's management team is considered experienced (4.5 years average tenure).

Board Members

Experienced Board: TOTAL's board of directors are considered experienced (5.3 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.

Data	Last Updated (UTC time)
Company Analysis	2022/08/15 00:00
End of Day Share Price	2022/08/12 00:00
Earnings	2022/06/30
Annual Earnings	2022/03/31