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TTK Prestige Ltd share Price Today

Company details

680.55
702.00
666.00
832.70
6M Return -13.44%
1Y Return -2.22%
Mkt Cap.(Cr) 9,631.59
Volume 667,689
Div Yield 0.86%
OI
-
OI Chg %
-
Volume 667,689
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 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).

 

 

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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 (5)

  • MFs decreased their shareholding last quarter
  • Degrowth in Revenue and Profit
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (2)

  • Street Favorite: High Analyst Rating with at least 20% upside
  • High Volume, High Gain

Threats (1)

  • High PE (PE > 40)
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Resistance and support

R1 704.4
R2 713.9
R3 725.8
Pivot

692.47

S1 682.9
S2 671.0
S3 661.5
EMA SMA
700.9
718.8
737.0
754.0
696.1
725.5
744.2
763.9
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 694.85 1,501.70 7,531.95 1,300.55 1,422.45
% Change 1.27 0.54 0.45 0.69 1.25
Mcap ₹ Cr 9,631.59 94,108.99 45,057.63 43,033.25 29,247.71
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 41.96 79.60 127.57 153.90 81.61
1 Year Return -2.22 24.11 153.01 55.73 94.30
ROCE 18.16 21.93 23.60 9.54 23.89
ROE 13.92 16.97 22.36 4.46 23.42
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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 24,289.49 -9,580.22
LAST 3M 82,644.28 34,986.47
LAST 6M 142,142.07 66,572.41
LAST 12M 216,755.16 194,314.28

TTK Prestige Ltd Information

Stock PE (TTM)
41.96
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 Apr 19, 2024 03:53 PM the closing price of TTK Prestige Ltd was ₹ 694.85.

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 Apr 19, 2024 03:53 PM, the market cap of TTK Prestige Ltd stood at ₹ 9,631.59.

The latest PE ratio of TTK Prestige Ltd as of Apr 19, 2024 03:53 PM is 41.96

The latest PB ratio of TTK Prestige Ltd as of Apr 19, 2024 03:53 PM is 0.20

The 52-week high of TTK Prestige Ltd share price is ₹ 832.70 while the 52-week low is ₹ 666.00

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

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