MarketFriction

TCI Developers Ltd

NSE TCIDEVELOP · Residential, Commercial Projects
₹389.00 -0.26%
NSE close2022-11-10
Market cap₹145 Cr.
P/E120
No trades in 30 days Delivery 98.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022
Sales2.522.422.372.452.822.912.752.792.782.692.833.05
Expenses1.431.541.111.411.371.771.291.831.682.151.881.63
Operating Profit1.090.881.261.041.451.141.460.961.100.540.951.42
OPM %43.25%36.36%53.16%42.45%51.42%39.18%53.09%34.41%39.57%20.07%33.57%46.56%
Other Income0.080.050.030.020.020.020.010.030.040.030.010.12
Interest0.050.050.060.050.050.050.050.260.050.050.050.13
Depreciation0.370.370.370.370.380.620.440.450.450.440.450.42
Profit before tax0.750.510.860.641.040.490.980.280.640.080.460.99
Tax %14.67%27.45%29.07%39.06%27.88%46.94%31.63%50.00%32.81%125.00%36.96%30.30%
Net Profit0.630.370.610.390.740.250.680.140.43-0.020.290.68
EPS in Rs1.610.881.500.971.880.561.720.271.05-0.160.641.72
Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022TTM
Sales1.992.623.148.399.2510.3010.719.059.9710.5411.0111.35
Expenses0.510.861.832.022.163.445.195.535.655.636.917.34
Operating Profit1.481.761.316.377.096.865.523.524.324.914.104.01
OPM %74.37%67.18%41.72%75.92%76.65%66.60%51.54%38.90%43.33%46.58%37.24%35.33%
Other Income0.110.02-0.381.76-0.232.021.4613.680.400.080.070.20
Interest0.010.000.012.712.202.941.800.450.470.220.410.28
Depreciation0.260.230.231.461.451.571.521.501.481.741.781.76
Profit before tax1.321.550.693.963.214.373.6615.252.773.031.982.17
Tax %24.24%25.81%14.49%19.44%23.05%19.91%19.13%7.74%27.80%33.99%37.88%
Net Profit1.001.150.583.192.473.502.9714.072.001.991.241.38
EPS in Rs2.633.031.508.426.609.387.9437.674.964.912.873.25
Dividend Payout %19.03%16.50%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth19%1%7%1%
Compounded Profit Growth0%-15%-47%-27%
Stock Price CAGR1%1%%%
Return on Equity3%4%2%1%
Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Equity Capital3.733.733.733.733.733.733.733.733.733.733.733.73
Reserves49.0854.0850.5351.1053.9856.1859.9262.8879.0478.8180.6481.66
Borrowings0.002.0512.5531.2129.5925.8537.6623.9517.0110.079.959.97
Other Liabilities2.973.7013.0816.6720.5923.1214.4314.4312.9614.9816.6716.94
Total Liabilities55.7863.5679.89102.71107.89108.88115.74104.99112.74107.59110.99112.30
Fixed Assets43.3243.0460.6861.9389.9989.8498.5397.1184.8086.0195.6694.62
CWIP7.408.3313.9136.0210.0910.260.210.583.215.710.020.24
Investments0.058.620.100.100.000.000.000.000.000.002.002.63
Other Assets5.013.575.204.667.818.7817.007.3024.7315.8713.3114.81
Total Assets55.7863.5679.89102.71107.89108.88115.74104.99112.74107.59110.99112.30
Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Cash from Operating Activity1.06-1.434.348.427.077.724.230.852.545.622.94
Cash from Investing Activity-9.24-6.48-22.57-1.70-1.901.810.9919.43-5.42-4.35-1.63
Cash from Financing Activity6.056.0618.20-4.34-6.20-0.94-15.50-7.40-7.40-0.34-0.38
Net Cash Flow-2.13-1.85-0.032.38-1.038.60-10.2812.88-10.290.930.94
Free Cash Flow0.10-24.90-19.766.375.279.115.0621.54-5.283.191.83
CFO/OP95%-53%370%152%114%123%106%95%81%135%120%
Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Debtor Days31.220.000.001.163.9233.9411.340.681.2136.9814.540.66
Inventory Days
Days Payable
Cash Conversion Cycle31.220.000.001.163.9233.9411.340.681.2136.9814.540.66
Working Capital Days-79.24-438.37156.03-365.00-91.36-40.64-425.60-531.99-476.72-223.6979.65-41.11
ROCE %2.58%2.26%1.27%5.09%5.84%5.69%4.24%7.92%3.33%3.39%2.50%
Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022
Promoters74.82%74.82%74.82%74.82%74.82%70.13%70.13%74.22%74.22%74.22%74.22%91.57%
DIIs0.01%0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public25.17%25.17%25.17%25.18%25.18%29.87%29.87%25.77%25.77%25.77%25.77%8.42%
No. of Shareholders8,1578,0908,2697,5617,4477,3337,8667,7847,6237,5377,3706,887

Fundamentals

Market Cap₹ 145 Cr.
Current Price₹ 389
Stock P/E120
Book Value₹ 238
ROCE2.50 %
ROE1.28 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)1%
Compounded Profit Growth (TTM)-27%
Consolidated figures.
Valuation
Market capRs 145 Cr
Enterprise valueRs 150 Cr
P/E (TTM)119.90x
Price to book1.70x
Price to sales12.78x
EV / EBITDA35.70x
EV / EBIT61.34x
EV / sales13.24x
Price to cash flow49.35x
Earnings yield0.83%
P/E, 3-year average75.02x
P/B, 3-year average1.31x
P/E, 5-year average58.87x
P/B, 5-year average1.64x
Profitability
Operating margin (excl. other income)37.24%
Operating margin (incl. other income)37.87%
EBITDA margin37.09%
Pre-tax margin19.12%
Net profit margin10.66%
Net margin, latest quarter20.98%
ROE1.26%
ROCE2.52%
ROA0.96%
ROE, 3-year average1.90%
ROCE, 3-year average3.12%
ROA, 3-year average1.44%
ROE, 5-year average5.81%
ROCE, 5-year average6.31%
ROA, 5-year average3.98%
ROIC (approx.)1.68%
Tax rate37.88%
Other income / net worth0.08%
Growth
Sales growth (latest year)4.46%
Profit growth (latest year)-41.53%
Sales CAGR, 3 years6.75%
Sales CAGR, 5 years1.34%
Profit CAGR, 3 years-57.61%
Profit CAGR, 5 years-21.10%
Sales growth QoQ7.77%
Profit growth QoQ166.67%
Sales growth YoY (latest quarter)9.32%
Profit growth YoY (latest quarter)540.00%
Per share
EPS (TTM)Rs 3.24
EPS (latest year)Rs 2.87
EPS (latest quarter)Rs 1.72
EPS, 3-year averageRs 4.25
EPS, 5-year averageRs 11.67
Book value per shareRs 228.96
Sales per shareRs 30.43
Cash flow per shareRs 7.88
Free cash flow per shareRs 4.91
Efficiency
Asset turnover0.10x
Fixed asset turnover0.12x
Inventory turnover0.24x
Inventory days1543 days
Debtor days1 days
Debtors turnover550.50x
Cash conversion cycle1 days
Working capital days-41 days
Leverage
Total debtRs 10 Cr
Cash and bankRs 5 Cr
Net debtRs 5 Cr
Debt to equity0.12x
Net debt / EBITDA1.24x
Interest coverage8.75x
Owners' fund to total sources76.04%
Debt to assets8.88%
Cash flow
Cash from Operating Activity (latest year)Rs 3 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs 2 Cr
FCFE (approx.: FCF + change in debt)Rs 2 Cr
Cash from ops / profit, 5 years0.73x
Sales to cash flow3.74x
Statement figures
Net sales (TTM)Rs 11 Cr
Net sales (latest year)Rs 11 Cr
Sales (latest quarter)Rs 3 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 4 Cr
PBDT (TTM)Rs 4 Cr
Profit before tax (TTM)Rs 2 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 1 Cr
Total expenditure (latest year)Rs 7 Cr
Total income (latest year)Rs 11 Cr
Share capitalRs 4 Cr
ReservesRs 82 Cr
Shareholders' fundsRs 85 Cr
Total assetsRs 112 Cr
Net blockRs 95 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 3 Cr
ReceivablesRs 0 Cr
InventoryRs 3 Cr
Other liabilitiesRs 17 Cr
Shares outstanding (crore)0.37
Ownership
Promoter holding91.57% (+17.35 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 119.9 is at the 92th percentile of its own 6.2-year range (median 55.0, low 6.5, high 217.1).
P/B 1.70 is at the 49th percentile (median 1.70).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodTCIDEVELOPNifty 50Difference
1 week-0.3%-2.8% +2.4 pts
1 month+1.0%-6.8% +7.8 pts
3 months+3.6%-7.6% +11.2 pts
6 months+11.7%+0.4% +11.3 pts
1 year+6.2%-9.9% +16.1 pts
2 years+28.8%-13.6% +42.4 pts
3 years+11.8%+14.2% -2.4 pts
5 years-12.8%+27.9% -40.7 pts

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Sep 2022
Sales ₹3 Cr +9.3% vs Sep 2021. Net profit ₹1 Cr +385.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2022-05-26Annual General Meeting
2021-07-20 Annual General Meeting
2020-08-05 Annual General Meeting
2019-07-23 Annual General Meeting
2018-07-25 Annual General Meeting
2017-07-25 Annual General Meeting
2016-07-28 Annual General Meeting
2015-07-23Annual General Meeting
2014-07-17Annual General Meeting
2013-07-18Annual General Meeting And Dividend Re.0.50 Per Share
2012-07-19Annual General Meeting And Dividend - Re.0.50 Per Share
2011-07-21Dividend-Re.0.50 Per Share
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of TCI Developers Ltd?

TCI Developers Ltd (TCIDEVELOP) has a market capitalisation of Rs 145 Cr. at the 2022-11-10 close.

What is the P/E ratio of TCI Developers Ltd?

TCI Developers Ltd trades at a P/E of 120 on trailing twelve-month profit, at the 2022-11-10 close.

What were TCI Developers Ltd's latest quarterly results?

In the Sep 2022 quarter, TCI Developers Ltd sales was Rs 3 Cr (+9.3% vs Sep 2021) and net profit was Rs 1 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03