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TTK Prestige Ltd share Price Today

Company details

667.00
679.00
656.80
832.70
6M Return -13.90%
1Y Return -0.70%
Mkt Cap.(Cr) 9,305.16
Volume 81,871
Div Yield 0.89%
OI
-
OI Chg %
-
Volume 81,871

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Technical Outlook
    Consumer discretionary stocks have been showing rejuvenation of upward momentum after undergoing price and time wise correction. Within the space we remain constructive on TTK Prestige as it is resolving out of five months base formation (₹875-745). Thereby offering fresh entry opportunity with favourable risk reward. Further, recent sharp correction in commodity prices would act as tailwind
     
    Structurally, as per change of polarity concept stock has retested three years range breakout area of ₹750 and formed a higher base, highlighting elevated buying demand that augurs well for next leg of up move
     
    We expect the stock to accelerate upward momentum and gradually head towards ₹ 992 in coming months as it is implicated target of five months consolidation (₹ 875-745) coincided with 80% retracement of CY22 decline (₹1050-745)
     
    On the oscillator front, weekly MACD logged a bullish crossover, indicating acceleration of upward momentum
Fundamental Outlook
    TTK Prestige is India’s leading player in kitchen solutions and has been successful in transforming itself from a company manufacturing pressure cookers to possessing the 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.
     
    In order to cater to strong domestic and export demand, TTK has recently added annual capacity of 4 million pieces non-stick cookware in Gujarat factory. TTK is further looking to enhance its distribution reach in tier-II/III cites to capture long term growth opportunities. It has maintained its guidance of achieving ₹ 5000 crore by FY25 through organic and inorganic route (₹ 1000 crore). In FY22, export sales grew 38% YoY to ₹ 98 crore. Export outlook continues to remain positive despite logistical issues (higher freight cost and container shortage). It is targeting exports to breach the ₹ 500 crore mark in FY25 with revenue contribution increasing from current 3.5% to 8-10%.
     
    We build in revenue and earnings CAGR of 13% and 14% respectively in FY22-24E. The company over years has maintained its balance sheet strength with strong cash reserves (~₹ 400+ crore) and healthy RoIC of 35%+.

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Houseware company TTK Prestige announced Q2FY24 & H1FY24 results:

  • Q2FY24:
    • Domestic Sales: Rs 665.4 crore (Previous Year: Rs 790.6 crore) - The delay in the festival season compared to the previous year impacted domestic sales.
    • Export Sales for the quarter: Rs 18.3 crore (Previous Year: Rs 17.3 crore), registering a growth of 6%.
    • Total Sales: Rs 683.7 crore, compared to Rs 807.9 crore in the previous year.
    • EBITDA: Rs 100.15 crore (Previous Year: Rs 127.11 crore).
    • EBITDA margin: 14.6% (Previous Year: 15.7%).
    • Operating EBITDA margin: 12.4% (Previous Year: 14.8%).
    • Profit before Tax: Rs 83.7 crore (Previous Year: Rs 115.0 crore).
    • Profit after Tax: Rs 62.2 crore (Previous Year: Rs 85.7 crore).
    • Earnings Per Share (EPS): Rs 4.49 per equity share of face value Re 1/- each (Previous Year: Rs 6.18).
    • Consolidated turnover: Rs 729.5 crore (Previous Year: Rs 842.4 crore).
    • Consolidated Profit before Tax: Rs 79.5 crore (Previous Year: Rs 113.7 crore).
    • Consolidated Profit after Tax (including Share of Associates): Rs 59.04 crore (Previous Year: Rs 83.9 crore).
    • Consolidated EPS: Rs 4.28 per equity share of face value Re 1/- each (Previous Year: Rs 6.05).
  • H1FY24:
    • Domestic Sales: Rs 1,195.7 crore (Previous Year: Rs 1,368.0 crore).
    • Export Sales for H1FY24: Rs 38.0 crore (Previous Year: Rs 39.6 crore).
    • Total Sales: Rs 1,233.7 crore, compared to Rs 1,407.6 crore in the last year.
    • EBITDA: Rs 183.0 crore (Previous Year: Rs 216.7 crore).
    • EBITDA margin: Around 14.8% (Previous Year: 15.4%).
    • Operating EBITDA margin: 12.3% (Previous Year: 14.6%).
    • Profit before Tax: Rs 151.6 crore (Previous Year: Rs 192.7 crore).
    • Profit after Tax: Rs 112.6 crore (Previous Year: Rs 143.3 crore).
    • EPS: Rs 8.13 per equity share of face value Re 1/- each (Previous Year: Rs 10.34).
    • Consolidated turnover: Rs 1,317.1 crore (Previous Year: Rs 1,471.4 crore).
    • Consolidated Profit before Tax: Rs 143.76 crore (Previous Year: Rs 186.8 crore).
    • Consolidated Profit after Tax (including Share of Associates): Rs 106.35 crore (Previous Year: Rs 137.1 crore).
    • Consolidated EPS: Rs 7.74 per equity share of face value Re 1/- each (Previous Year: Rs 9.89).

 

 

Result PDF

View Other Company Results

TTK Prestige Ltd shares SWOT Analysis

Strengths (6)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt
  • Increasing Revenue every quarter for the past 2 quarters

Weakness (4)

  • Degrowth in Revenue and Profit
  • Declining Net Cash Flow : Companies not able to generate net cash
  • Near 52 Week Low

Opportunity (0)

Data not found

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 677.9
R2 684.4
R3 689.9
Pivot

672.43

S1 665.9
S2 660.4
S3 653.9
EMA SMA
706.4
731.9
748.1
761.5
708.8
745.7
756.0
766.3
Delivery and volume
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
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

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

TTK Prestige Ltd Stocks COMPARISON

Financials( in Cr) TTK Prestige Ltd Havells India Ltd Dixon Technologies (India) Ltd Voltas Ltd Blue Star Ltd
Price 671.30 1,515.00 7,479.25 1,103.55 1,273.70
% Change 0.01 1.79 0.74 0.98 -2.10
Mcap Cr 9,305.16 94,942.47 44,735.64 36,514.81 26,189.18
Revenue TTM Cr 2,777.13 16,910.73 12,192.01 9,498.77 7,977.32
Net Profit TTM Cr 254.95 1,071.73 255.08 136.22 400.69
PE TTM 40.56 80.32 126.71 130.60 72.91
1 Year Return -0.70 29.72 166.68 34.08 81.20
ROCE 18.16 21.93 23.60 9.54 23.89
ROE 13.92 16.97 22.36 4.46 23.42
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 1,938.45 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,068.81 33,709.58
LAST 3M 68,518.10 30,558.15
LAST 6M 130,081.93 64,349.19
LAST 12M 189,941.35 208,211.24
TTK Prestige Limited - Copy of Newspaper Publication

Mar 28, 2024 l NSE Announcement

TTK Prestige to hold board meeting

Mar 26, 2024 l BSE Announcement

TTK Prestige Limited - Board Meeting

Mar 26, 2024 l NSE Announcement

Date Action Type Ratio
Jul 21, 2023 Dividend 600
Jul 21, 2022 Dividend 350
Feb 10, 2022 Dividend 250

TTK Prestige Ltd Information

Stock PE (TTM)
40.56
Promoter Holding
70.41%
Book Value
141.2629
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 Mar 28, 2024 03:59 PM the closing price of TTK Prestige Ltd was ₹ 671.30.

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 Mar 28, 2024 03:59 PM, the market cap of TTK Prestige Ltd stood at ₹ 9,305.16.

The latest PE ratio of TTK Prestige Ltd as of Mar 28, 2024 03:59 PM is 40.56

The latest PB ratio of TTK Prestige Ltd as of Mar 28, 2024 03:59 PM is 0.21

The 52-week high of TTK Prestige Ltd share price is ₹ 832.70 while the 52-week low is ₹ 656.80

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

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