Table of Contents

TI Financial Holdings Ltd

Updated on April 14, 2024

Stock/Share Code - TIFIN

TI Financial Holdings is engaged in Financial Services Businesses through its Subsidiaries, Joint Venture and Associate Company viz., Insurance Business (through its Subsidiary - Cholamandalam MS General Insurance Company Limited for its General Insurance business, and has incorporated Cholamandalam Health Insurance Limited ('CHIL') for the purpose of undertaking Health Insurance business on receipt of regulatory approvals), Risk Services (through its Joint Venture Company, Cholamandalam MS Risk Services Limited), Non-Banking Financial Business (through its Associate Company, Cholamandalam Investment and Finance Company Limited).

Below is the details of TIFIN TI Financial Holdings Ltd

Market Cap	₹8,223 Cr.
Current Price	₹438.1
52 Week High / Low Price	₹740 / ₹414.2
Face Value	₹1
Stock P/E	124.83
Book Value	₹55.59
Dividend Yield	0.29 %
ROCE	6.18 %
ROE	5.98 %
Sales Growth (3yrs)	-74.37 %
Sector	Finance
Industry	Finance & Investments
Listed on	BSE AND NSE
Company Website	Company Website

Pros: Company is virtually debt free. Market value of investments Rs.10479.31 Cr. is more than the Market Cap Rs.8222.80 Cr. Company has been maintaining a healthy dividend payout of 38.97%

Cons: Stock is trading at 7.88 times its book value The company has delivered a poor growth of -55.19% over past five years. Tax rate seems low Company has a low return on equity of 4.67% for last 3 years.

TI Financial Holdings Ltd Peer Comparison in Finance

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Qtr Sales Var %	Sales Qtr Rs.Cr.	ROCE %
1.		43.50	₹153,103.83 Cr.	0.15	₹1,022.73 Cr.	47.84	39.42	4664.77	12.74
2.	Bajaj Finserv		34.08	₹102,840.92 Cr.	0.03	₹850.52 Cr.	16.43	39.17	11141.05	14.64
3.	Bajaj Holdings		11.86	₹35,223.84 Cr.	1.26	₹781.1 Cr.	18.12	6.84	109.61	4.54
4.	L&T Fin.Holdings		11.91	₹24,825.25 Cr.	0.80	₹579.93 Cr.	80.78	27.55	3243.99	9.19
5.	Muthoot Finance		11.06	₹21,153.18 Cr.	1.89	₹485.25 Cr.	1.37	8.62	1716.52	16.65
6.	Shriram Trans.		13.85	₹25,915.37 Cr.	0.96	₹635.45 Cr.	17.34	18.19	3991.04	10.90
7.	M & M Fin. Serv.		17.57	₹24,485.12 Cr.	1.00	₹318.65 Cr.	-11.32	22.21	2222.52	9.75
8.	TI Financial		124.83	₹8,222.8 Cr.	0.29	₹2.05 Cr.	64.00	29.64	3.63	6.18

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TI Financial Holdings Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018
Sales	1,059.00	0.14	14.64	0.00	25.29	0.00	26.26	2.80	35.59	3.89	29.53	3.63
YOY Sales Growth %	17.22%	-99.99%	-98.48%	-100%	-97.61%	-100%	79.37%	%	40.73%	%	12.45%	29.64%
Expenses	1,002.73	1.01	1.12	0.30	1.35	0.34	1.38	0.68	0.83	0.33	0.55	0.52
Material Cost %	62.26%	0%	0%	%	0%	%	0%	0%	0%	0%	0%	0%
Employee Cost %	9.17%	0%	0%	%	0%	%	0.53%	8.57%	0.67%	4.88%	0.71%	6.34%
Operating Profit	56.27	-0.87	13.52	-0.30	23.94	-0.34	24.88	2.12	34.76	3.56	28.98	3.11
OPM %	5.31%	-621.43%	92.35%		94.66%		94.74%	75.71%	97.67%	91.52%	98.14%	85.67%
Other Income	844.84	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.00	0.00	0.00
Interest	31.96	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	29.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	839.95	-0.87	13.52	-0.30	23.94	-0.34	24.88	2.12	34.78	3.56	28.98	3.11
Tax %	20.01%	-0.00%	0.00%	-0.00%	0.00%	-0.00%	0.00%	41.04%	3.39%	31.74%	4.11%	34.08%
Net Profit	671.84	-0.87	13.52	-0.30	23.94	-0.34	24.88	1.25	33.60	2.43	27.79	2.05
	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes	Notes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	TTM
Sales	1,583	1,727	2,042	2,322	2,951	3,487	3,575	3,539	3,836	4,769	40	65	73
Sales Growth %	10.3%	9.15%	18.23%	13.69%	27.07%	18.17%	2.54%	-1.02%	8.4%	24.31%	-99.16%	61.27%	%
Expenses	1,418	1,596	1,948	2,072	2,604	3,087	3,242	3,196	3,510	3,601	4	3	2
Material Cost %	60.84%	63.35%	66.54%	61.14%	61.02%	62%	63.16%	61.59%	63.2%	50.99%	0%	0%	%
Manufacturing Cost %	12.81%	12.49%	11.69%	11.87%	12.23%	11.2%	11.68%	12.07%	11.95%	10.11%	0%	0%	%
Employee Cost %	7.28%	8.21%	7.6%	7.67%	8.25%	7.43%	7.66%	8.46%	9.11%	7.51%	0%	0.96%	%
Other Cost %	8.69%	8.3%	9.54%	8.55%	6.74%	7.91%	8.18%	8.2%	7.25%	6.9%	9.43%	4.04%	%
Operating Profit	164	132	94	250	347	399	333	343	326	1,168	36	61	70
OPM %	10%	8%	5%	11%	12%	11%	9%	10%	8%	24%	91%	95%	97%
Other Income	93	26	76	-25	31	1	0	8	66	3	0	0	0
Interest	11	21	28	29	68	79	107	125	140	137	0	0	0
Depreciation	50	53	59	67	69	76	80	84	97	111	0	0	0
Profit before tax	195	83	83	130	241	245	147	141	155	924	36	61	70
Tax %	20%	32%	13%	37%	30%	27%	29%	33%	22%	21%	0%	3%
Net Profit	156	56	72	81	170	180	104	94	121	730	36	59	66
EPS in Rs	8.18	2.89	3.74	4.15	8.70	9.27	5.40	4.92	6.28	37.97	1.68	3.16
Dividend Payout %	18%	33%	26%	34%	33%	31%	36%	40%	31%	13%	65%	39%

Compounded Sales Growth

10 Years:: -28.01%
5 Years:: -55.19%
3 Years:: -74.37%
TTM:: 33.65%

Compounded Profit Growth

10 Years:: 1.35%
5 Years:: -10.60%
3 Years:: -13.70%
TTM:: 32.46%

Return on Equity

10 Years:: 8.52%
5 Years:: 5.70%
3 Years:: 4.67%
TTM:: 5.98%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Sep 2018
Share Capital	37	37	37	37	37	37	37	37	37	37	19	19	19
Equity Capital	36.95	36.95	36.95	36.95	37.13	37.26	37.33	37.38	37.43	37.47	18.75	18.75
Reserves	619	681	700	780	954	1,078	1,144	1,201	1,283	1,902	950	999	1,025
Borrowings	206	328	400	706	724	832	1,302	1,363	1,421	1,374	0	0	0
Other Liabilities	526	439	451	544	670	712	666	785	844	888	2	3	4
Trade Payables	244.84	296.95	221.34	298.95	458.75	496.13	333.71	378.84	440.55	622.12	0	0.36	2.89
Total Liabilities	1,388	1,485	1,588	2,066	2,386	2,660	3,150	3,387	3,585	4,201	971	1,020	1,047
Fixed Assets	364	461	514	528	561	607	632	694	904	832	0	0	0
Gross Block	734.06	861.91	964.02	1028.09	1105.75	1218.32	1299.75	1433.19	1732.2	1795.36	0	0
Accumulated Depreciation	369.82	400.43	449.87	500.46	544.91	611.81	668.14	738.91	827.95	926.71	0	0
CWIP	106	57	30	43	27	38	160	197	36	56	0	0	0
Investments	191	317	454	749	911	930	1,444	1,506	1,523	1,461	914	938	957
Other Assets	728	649	590	746	887	1,084	914	990	1,121	1,852	57	83	90
Inventories	205.8	227.04	233.81	294.39	387.69	410	356.77	370.21	468.23	458.31	0	0	0
Trade receivables	277.23	287.94	243.97	325.78	373.37	435.85	394.4	445.94	477.94	490.85	0	0	0
Cash Equivalents	17.25	18.02	12.07	8.62	13.64	85.92	33.27	30.27	25.73	734.55	2.47	82.22	88.6
Loans n Advances	227.58	115.95	99.98	117.66	56.28	57.85	51.22	78.52	87.9	116.56	55	0.39	0
Total Assets	1,388	1,485	1,588	2,066	2,386	2,660	3,150	3,387	3,585	4,201	971	1,020	1,047

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
Cash from Operating Activity	79	151	110	152	261	254	301	279	167	135	-19	111
Profit from operations	175	148.23	114.88	264.05	349.9	365.01	297.74	303.14	296.51	351.82	36.29	57.72
Working Capital Changes	-35.79	8.48	12.62	-58.57	-23.18	-42.18	41.54	13.82	-95.71	-16	-54.98	55.48
Taxes paid	-59.91	-5.85	-17.92	-53.98	-65.69	-68.45	-38.38	-38.28	-33.51	-200.71	0	-1.78
Cash from Investing Activity	-5	-217	-127	-421	-164	-153	-697	-186	-54	794	-608	-45
Fixed Assets Purchased	0	0	0	-96.38	-86.77	-165.3	-217.16	-168.9	-135.8	-123.95	0	0
Fixed Assets Sold	2.12	11.88	3	1.48	13.95	1.51	1.48	5.44	66.68	2.36	0	0
Capital WIP	-139.68	-108.83	-86.91	0	0	0	0	0	0	0	0	0
Investments purchased	0	-50.01	0	-191.98	0	0	0	-3.19	0	0	0	-269.5
Investments sold	129.26	1.3	137.54	0.08	235.59	18.05	3.98	1.53	0.06	883.47	0	248.83
Cash from Financing Activity	-149	67	11	266	-92	-29	343	-96	-117	-220	-106	-11
Proceeds from Shares	0	0	0	0	0	0	2.05	1.3	2.51	2.44	0.81	0.67
Proceeds from Borrowings	27.91	157.98	98.94	367.78	303.67	210.53	550	480.57	386.68	375	0	0
Repayment of Borrowings	-65.76	-38.16	-38.33	-52.43	-284.53	-102.74	-78.2	-414.49	-317.98	-423.79	0	0
Interest Paid	-12.24	-20.6	-27.73	-27.37	-52.52	-69.15	-77.81	-121.3	-138.18	-130.61	0	0
Dividends Paid	-98.56	-32.35	-21.59	-21.56	-63.49	-72.15	-50.08	-37.84	-39.2	-43.01	-107.12	-11.67
Net Cash Flow	-75	1	-6	-3	5	72	-53	-3	-4	709	-733	55

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Ratios

	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018
ROCE %	16%	10%	6%	15%	18%	18%	11%	10%	10%	8%	2%	6%
Debtor Days	64	61	44	51	46	46	40	46	45	38	0	0
Inventory Turnover	8.52	7.98	8.86	8.79	8.65	8.74	9.33	9.74	9.15	10.29	0.17

Announcements & News

Recent Announcements

Declaration Of Postal Ballot Result Pursuant To Regulation 44 Of SEBI (LODR) Reguation, 2015 | Feb. 25, 2019
Disclosure of Voting results of Postal Ballot (Regulation 44(3) of SEBI (LODR) Regulations, 2015) | Feb. 25, 2019
Fixes Record Date for Interim Dividend | Feb. 5, 2019
Outcome Of Board Meeting | Feb. 4, 2019
Board declares Interim Dividend | Feb. 4, 2019

Annual Reports

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