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TTK Prestige Ltd share Price Today

Company details

880.00
895.00
647.15
900.95
6M Return 17.17%
1Y Return 17.82%
Mkt Cap.(Cr) 12,308.92
Volume 53,225
Div Yield 0.68%
OI
-
OI Chg %
-
Volume 53,225
NSE

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About The Stock

    TTK Prestige is India’s leading player in kitchen solutions and has been successful in transforming itself from a company manufacturing pressure cookers to having an entire gamut of home and kitchen appliances.

    • It continues to be a market leader in the cooker segment and has material share in other appliance and cookware categories
    • The company, over the years, has maintained its balance sheet strength with strong cash reserves (~₹ 400+ crore) and healthy RoIC of 35%+
Q3FY23 Results:

    TTK’s revenue, earnings for Q3FY23 were below our estimates as the company reported a disappointing performance owing to enhanced competition.

    • Revenues declined 9% YoY to ₹ 652 crore. On a three year CAGR basis, revenue growth was at a steady 6%
    • Gross margin improved QoQ by 62 bps to 40.4% (down 204 bps YoY; I-direct estimate: 39.8%). However, on account of higher than anticipated employee and other expenses, EBITDA margin declined to 11.9% (down 560 bps YoY, down 286 bps QoQ)
    • Lower revenues and decline in EBITDA margin led to PAT de-growth of 35% YoY to ₹ 58 crore (I-direct estimate :₹ 91 crore)

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Houseware company TTK Prestige announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Domestic Sales was at Rs 566.9 crore (PY Rs 551.4 crore) registering a growth of 2.8%.
  • Export Sales for the quarter was at Rs 13.5 crore (PY Rs 14.6 crore)
  • Total Sales was at Rs 580.4 crore against Rs 566.0 crore of last year, registering a growth of 2.5%
  • EBITDA was at Rs 100.0 crore as compared to PY Rs 94.9 crore; growth of 5.3%
  • EBITDA margin was at 17.2% (PY 16.8%)
  • Operating EBITDA margin was at 14.0% (PY 14.6%)
  • Profit before Tax was at Rs 81.7 crore (PY Rs 79.7 crore); growth of 2.6%
  • Profit after Tax is at Rs 63.1 crore (PY Rs 59.4 crore); growth of 6.4%
  • EPS was at Rs 4.55 per equity share of face value Rs 1/- each (PY Rs 4.28)
  • Consolidated turnover was Rs 622.6 crore (PY Rs 611.0 crore); growth of 1.9%
  • Consolidated Profit before Tax stood at Rs 74.5 crore (PY Rs 78.1 crore)
  • Consolidated Profit after Tax (incl. Share of Associates) is at Rs 57.4 crore (PY Rs 58.0 crore)
  • Consolidated EPS was at Rs 4.24 per equity share of face value Rs 1/- each (PY Rs 4.29)

FY24 Financial Highlights:

  • Domestic Sales was Rs 2,430.4 crore (PY Rs 2,556.0 crore)
  • Export Sales was Rs 70.4 crore (PY Rs 69.7 crore)
  • Total Sales was Rs 2,500.7 crore against Rs 2,625.7 crore of last year
  • Planned rationalization of the cleaning solutions portfolio resulted drop in top-line to the tune of Rs 10 crore.
  • EBITDA was at Rs 386.0 crore as compared to PY Rs 402.2 crore
  • EBITDA margin was at around 15.4% (PY 15.3%)
  • Operating EBITDA margin was at 12.8% (PY 14.0%)
  • Profit before Tax was at Rs 318.2 crore (PY Rs 349.5 crore)
  • Profit after Tax was at Rs 238.8 crore (PY Rs 260.2 crore)
  • EPS was at Rs 17.23 per equity share of face value Rs 1/- each (PY Rs 18.77)
  • Consolidated turnover was Rs 2,678.1 crore (PY Rs 2,777.1 crore).
  • Consolidated Profit before Tax stood at Rs 301.2 crore (PY Rs 343.2 crore)
  • Consolidated Profit after Tax (incl. Share of Associates) is at Rs 225.3 crore (PY Rs 252.7 crore)
  • Consolidated EPS was at Rs 16.48 per equity share of face value Rs 1/- each (PY Rs 18.34)

Result PDF

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TTK Prestige Ltd shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Company with Low Debt

Weakness (7)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (1)

  • Results Screener: Stocks with upcoming results which are seeing positive shifts in share price

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income
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Resistance and support

R1 895.3
R2 902.7
R3 910.3
Pivot

887.67

S1 880.3
S2 872.7
S3 865.3
EMA SMA
838.0
785.5
761.0
757.0
832.2
760.2
735.9
755.0
Delivery and volume
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CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-17 983.55 131157 BSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-10-17 983.55 12320 BSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-10-17 983.55 131157 BSE
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Name Category Shares
T. T. JAGANNATHAN PROMOTER 3.09%
MUKUND THIRUVALLUR THATTAI PROMOTER 2.38%
T T VENKATESH PROMOTER 2.31%
TIRUVALLUR THATAI LAKSHMAN PROMOTER 2.14%
TT Krishnamachari & Co. represented by partners PROMOTER 60.34%

OUR RESEARCH VIEW

Investment recommendation
Call Date
02 Feb 2023
Entry Price 770.00
Target Price 980.00
Duration
12-18 Month
BUY View Report
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FINANCIALS

Sales
Operating Profit
Profit after Tax
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Equity
Reserves and Surplus
Debt
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Sales
Operating Profit
Profit after Tax
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PE
Debt/Equity
P BV
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TTK Prestige Ltd Stocks COMPARISON

Financials( ₹ in Cr) TTK Prestige Ltd Havells India Ltd Dixon Technologies (India) Ltd Voltas Ltd Blue Star Ltd
Price 888.00 1,875.40 12,551.80 1,521.70 1,737.65
% Change 1.09 -2.80 1.13 2.47 1.55
Mcap ₹ Cr 12,308.92 117,572.39 75,087.38 50,350.77 35,728.69
Revenue TTM ₹ Cr 2,777.13 18,590.01 12,192.01 12,481.21 9,685.36
Net Profit TTM ₹ Cr 254.95 1,270.76 255.08 248.11 414.31
PE TTM 53.81 93.03 204.13 199.74 85.48
1 Year Return 17.82 45.25 196.14 100.74 119.84
ROCE 18.16 24.13 23.60 8.40 24.78
ROE 13.92 18.06 22.36 4.40 21.03
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INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,938.45 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,424.68 50,451.86
LAST 3M 100,072.29 51,097.20
LAST 6M 183,053.48 43,859.44
LAST 12M 309,832.68 84,987.81

TTK Prestige Ltd Information

Stock PE (TTM)
53.81
Promoter Holding
70.41%
Book Value
150.4524
ROCE
18.16%
ROE
13.92%
Registered Address

No 38 SIPCOT Industrial Complx, , Hosur, Tamil Nadu, 635126

Tel : 91-080-22217438 / 68447100
Email : investorhelp:ttkprestige.com
Website : http://www.ttkprestige.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 517506
NSE Code : TTKPRESTIG
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE690A01028

FAQ’s on TTK Prestige Ltd Shares

You can buy TTK Prestige Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy TTK Prestige Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 16, 2024 03:55 PM the closing price of TTK Prestige Ltd was Rs.888.00.

The latest PE ratio of TTK Prestige Ltd as of Jul 16, 2024 03:55 PM is 53.81

The latest PB ratio of TTK Prestige Ltd as of Jul 16, 2024 03:55 PM is 0.17

The 52-week high of TTK Prestige Ltd share price is Rs. 900.95 while the 52-week low is Rs. 647.15

According to analyst recommendations, TTK Prestige Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 16, 2024 03:55 PM, the market cap of TTK Prestige Ltd stood at Rs. 12,308.92 Cr.

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