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TTK Prestige Ltd share Price Today

Company details

766.95
790.00
647.15
832.70
6M Return 3.15%
1Y Return 1.76%
Mkt Cap.(Cr) 10,686.45
Volume 54,717
Div Yield 0.78%
OI
-
OI Chg %
-
Volume 54,717

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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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Research view on more stocks

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

View Other Company Results

TTK Prestige Ltd shares SWOT Analysis

Strengths (6)

  • 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)

  • RSI indicating price strength

Threats (2)

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

Resistance and support

R1 785.0
R2 799.0
R3 808.0
Pivot

775.97

S1 761.9
S2 752.9
S3 738.9
EMA SMA
739.5
724.0
727.1
741.0
728.0
713.2
724.4
751.2
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 770.95 1,911.85 11,605.15 1,512.60 1,693.85
% Change -2 1.31 0.57 1.71 0.35
Mcap Cr 10,686.45 119,812.39 69,424.33 50,049.67 34,828.10
Revenue TTM Cr 2,777.13 18,590.01 12,192.01 12,481.21 7,977.32
Net Profit TTM Cr 254.95 1,270.76 255.08 248.11 400.69
PE TTM 46.77 94.79 188.85 198.26 83.70
1 Year Return 1.76 42.74 153.00 92.22 111.65
ROCE 18.16 24.13 23.60 8.40 23.89
ROE 13.92 18.06 22.36 4.40 23.42
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,938.45 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,603.75 11,365.18
LAST 3M 103,254.09 -13,985.70
LAST 6M 182,650.74 -3,739.19
LAST 12M 295,819.56 101,589.49
TTK Prestige Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 21, 2024 l NSE Announcement

TTK Prestige Limited - Updates

Jun 20, 2024 l NSE Announcement

TTK Prestige Limited - Updates

Jun 19, 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)
46.77
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 Jun 24, 2024 03:54 PM the closing price of TTK Prestige Ltd was Rs.770.95.

The latest PE ratio of TTK Prestige Ltd as of Jun 24, 2024 03:54 PM is 46.77

The latest PB ratio of TTK Prestige Ltd as of Jun 24, 2024 03:54 PM is 0.20

The 52-week high of TTK Prestige Ltd share price is Rs. 832.70 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 Jun 24, 2024 03:54 PM, the market cap of TTK Prestige Ltd stood at Rs. 10,686.45 Cr.

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