TTK Prestige

₹692.7 -5.2 | 0.7%

WEBSITE BSE:517506 NSE : TTK PRESTIGE 23 Mar, 16:01

Market Cap ₹9556 Cr.

Stock P/E 34.9

P/B 5.2

Current Price ₹692.7

Book Value ₹ 133.6

Face Value 1

52W High ₹1051

Dividend Yield 0.87%

52W Low ₹ 666.1

Edit Ratio

TTK Prestige Research see more...

Equity Research: TTK Prestige Limited

Overview Inc. Year: 1955Industry: Consumer Durables - Domestic Appliances

TTK Prestige Ltd is a kitchen appliances agency. The Company operates thru segments: Kitchen Appliances, and Property & Investment. The Company's Kitchen Appliances phase gives a number of product categories, which consists of Pressure Cookers, Cookware, Gas Stoves and Domestic Kitchen Electrical Appliances. The Company additionally gives ovens, toasters and grills; mixers and grinders; kitchen hoods, hobs, cook tops and chimney's; kitchen tools, and induction cook tops. The Company also provides customer support and after sale service. The Company's manufacturers consist of Prestige, Manttra and Prestige SmartKitchen. The Company operates approximately 500 Prestige SmartKitchen shops throughout India.

Quarterly Price

Quarterly Monthly

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Peer Comparison

TTK Prestige Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	637	726	598	401	859	765	698	629	842	695
Other Income	8	9	5	8	8	5	13	7	9	13
Total Income	644	734	603	409	867	771	711	636	851	708
Total Expenditure	546	603	490	357	715	636	588	549	724	615
Operating Profit	98	132	113	52	151	135	123	87	127	93
Interest	1	1	2	1	2	2	2	2	1	2
Depreciation	10	11	10	10	11	11	11	12	12	13
Exceptional Income / Expenses	0	0	12	0	0	0	0	0	0	0
Profit Before Tax	87	120	113	41	139	121	110	73	114	78
Provision for Tax	22	30	27	10	35	31	29	19	29	20
Profit After Tax	65	90	85	31	104	91	81	54	84	58
Adjustments	0	-6	0	0	0	0	-1	-1	-1	-1
Profit After Adjustments	66	84	85	31	104	91	80	53	84	58
Adjusted Earnings Per Share	4.7	6	6.2	2.2	7.5	6.5	5.8	3.8	6	4.2

TTK Prestige Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	1488	1745	1871	2107	2073	2194	2722	2864
Other Income	10	7	12	25	25	29	35	42
Total Income	1498	1752	1884	2132	2098	2223	2758	2906
Total Expenditure	1301	1527	1621	1811	1807	1866	2296	2476
Operating Profit	197	225	263	321	291	357	462	430
Interest	6	11	7	8	8	6	7	7
Depreciation	21	26	26	26	37	40	44	48
Exceptional Income / Expenses	-4	-4	129	0	-12	12	0	0
Profit Before Tax	167	184	359	286	234	323	411	375
Provision for Tax	51	33	96	94	50	80	105	97
Profit After Tax	116	151	263	192	185	243	305	277
Adjustments	0	0	0	0	2	-6	-1	-4
Profit After Adjustments	116	151	263	192	186	237	305	275
Adjusted Earnings Per Share	8.3	10.8	19	13.9	13.4	17.1	22	19.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	24%	9%	9%	0%
Operating Profit CAGR	29%	13%	15%	0%
PAT CAGR	26%	17%	15%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-18%	19%	6%	10%
ROE Average	19%	17%	19%	21%
ROCE Average	25%	22%	25%	27%

TTK Prestige Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	723	854	1020	1166	1306	1505	1730
Minority's Interest	0	0	0	0	2	0	0
Borrowings	0	113	92	54	19	40	0
Other Non-Current Liabilities	36	42	47	47	62	71	82
Total Current Liabilities	238	281	410	384	412	422	602
Total Liabilities	997	1289	1569	1652	1801	2038	2414
Fixed Assets	330	486	490	502	572	573	597
Other Non-Current Assets	39	48	32	78	41	70	83
Total Current Assets	628	755	1047	1072	1188	1396	1734
Total Assets	997	1289	1569	1652	1801	2038	2414

TTK Prestige Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	25	27	58	69	79	53	76
Cash Flow from Operating Activities	78	94	127	94	253	289	294
Cash Flow from Investing Activities	-6	-169	-3	-0	-184	-184	-221
Cash Flow from Financing Activities	-71	106	-113	-84	-95	-82	-91
Net Cash Inflow / Outflow	2	31	11	10	-26	23	-18
Closing Cash & Cash Equivalent	27	58	69	79	53	76	58

TTK Prestige Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	8.28	10.78	19.01	13.88	13.44	17.08	21.99
CEPS(Rs)	9.77	12.62	20.86	15.79	15.95	20.41	25.22
DPS(Rs)	2.7	2.7	3	3	2	5	6
Book NAV/Share(Rs)	51.61	60.91	73.41	83.99	94.09	108.43	124.63
Core EBITDA Margin(%)	11.99	11.64	13.35	12.67	11.33	13.36	14.13
EBIT Margin(%)	11.08	10.41	19.52	12.62	10.32	13.39	13.83
Pre Tax Margin(%)	10.7	9.81	19.12	12.26	9.98	13.15	13.61
PAT Margin (%)	7.42	8.04	14.03	8.24	7.85	9.9	10.12
Cash Profit Margin (%)	8.76	9.42	15.4	9.37	9.41	11.52	11.58
ROA(%)	19.45	13.18	18.44	11.94	10.69	12.65	13.72
ROE(%)	30.45	19.16	28.2	17.63	14.95	17.31	18.91
ROCE(%)	41.46	23.13	34.72	24.55	18.55	22.64	25.22
Receivable days	25.41	38.05	46.03	44.02	45.3	42.3	37.53
Inventory Days	47.14	68.64	79.41	70.99	73.17	68.29	62.51
Payable days	30.92	50.47	66.56	66.04	60.76	64.58	73.6
PER(x)	43.7	45.41	27.14	52.22	36.46	42.65	37.59
Price/Book(x)	7.01	8.03	7.03	8.63	5.21	6.72	6.63
Dividend Yield(%)	0.62	0.46	0.48	0.34	0.41	0.69	0.73
EV/Net Sales(x)	3.38	3.95	3.82	4.77	3.27	4.55	4.07
EV/Core EBITDA(x)	25.45	30.65	27.15	31.29	23.34	27.97	24.03
Net Sales Growth(%)	425.55	17.29	7.23	12.59	-1.61	5.85	24.07
EBIT Growth(%)	611.57	12.9	87.99	-19.57	-17.72	35.52	27
PAT Growth(%)	915.24	30.29	74.9	-27	-4.06	31.62	25.75
EPS Growth(%)	888.54	30.17	76.42	-27	-3.19	27.15	28.74
Debt/Equity(x)	0	0.13	0.13	0.08	0.04	0.03	0.02
Current Ratio(x)	2.64	2.69	2.55	2.79	2.88	3.31	2.88
Quick Ratio(x)	1.27	1.34	1.49	1.56	1.74	2.25	1.91
Interest Cover(x)	29.32	17.56	49.66	34.72	29.8	56.57	61.11
Total Debt/Mcap(x)	0	0.02	0.02	0.01	0.01	0	0

TTK Prestige Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	70.41	70.41	70.41	70.41	70.41	70.41	70.41	70.41	70.41	70.41
FII	9.42	9.48	10.02	9.88	9.94	9.57	9.3	8.92	8.79	8.84
DII	11.77	11.72	12.54	12.82	13.11	13.09	13.19	13.5	13.94	13.57
Public	8.41	8.39	7.03	6.89	6.54	6.93	7.1	7.17	6.86	7.18
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	0.98	0.98	0.98	0.98	0.98	9.76	9.76	9.76	9.76	9.76
FII	0.13	0.13	0.14	0.14	0.14	1.33	1.29	1.24	1.22	1.23
DII	0.16	0.16	0.17	0.18	0.18	1.81	1.83	1.87	1.93	1.88
Public	0.12	0.12	0.1	0.1	0.09	0.96	0.98	0.99	0.95	1
Others	0	0	0	0	0	0	0	0	0	0
Total	1.39	1.39	1.39	1.39	1.39	13.86	13.86	13.86	13.86	13.86