Report as on 14 June 2021 at 10:50 PM

VERY POSITIVE
RESULTS IN MAR 21
Sales TVS Elec.

Mar 2021 - 72 Cr
Dec 2020 - 63 Cr
CMP: 166.60
Operating Profit

Mar 2021 - 8 Cr STOCK INFO:
BSE – 532513/ NSE – TVSELECT
Dec 2020 - 6 Cr Market Cap - Micro Cap (Rs. 300 cr)
Sector – IT - Hardware
52 w H/L (Rs.) – 192.2/85.2
Dividend Yield: 0%
Debt Equity: -0.22%
Return on Equity: 0.95%
Price to Book: 3.79

Figures in Rs crore; Basis standalone data as of Mar 2021

www.marketsmojo.com
TVS Elec.
CMP: 166.60
Report as on 14 June 2021 at 10:50 PM

ANALYSIS Past Risk Return Analysis

Absolute Risk Volatility
With a growth in Net Profit of 41.99%, the
Adjusted
company declared Very Positive results in Mar 21
-NET SALES(Q) Highest at Rs 72.36 cr TVS Elec. 56.87% 1.09 52.27%
-PBDIT(Q) Highest at Rs 7.66 cr. SENSEX 55.57% 3.18 17.45%
-OPERATING PROFIT TO NET SALES(Q) Highest at
10.59% RETURNS SUMMARY (Price + Dividend)
The stock gave a total returns of 56.87% in the last 1 year
Stock is technically in a Bullish range In line with Sensex returns of 55.57%
-The technical trend has improved from Mildly
100%
Bullish on 02-Jun-21 and has generated 10.62%
returns since then
-Multiple factors for the stock are Bullish like MACD, 0%
Bollinger Band and KST

Majority shareholders : Promoters -100%

O 18

Ja 1 9

O 20
Ja 1 8

Ja 2 0
Se -1 9
A u -1 8

Au 20
Ap 20
D -1 8

Ju 2 0

D -2 0
M 19

Fe 2 0

M -2 1
M -1 9

Ju 9

M -2 1
N -1 9

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TVS Electronics Ltd SMLCAP

Investors Returns (3 years) –

Period 6M 1Y 2Y 3Y
Stock (%) 16.83% 56.87% -2.05% -54.73%
Sector (%) 82.53% 82.53% 112.47% 41.12%
Sensex (%) 13.62% 55.57% 33.20% 47.62%

MOJO PROFESSIONAL 1
TVS Elec. Report as on 14 June 2021 at 10:50 PM

BEFORE PROCEEDING AHEAD

This Real-Time Stock Analysis service is only for
Registered members of www.marketsmojo.com

This Real-Time Stock Analysis Report was

generated on 14th June, 2021 at 10:50 PM, and
may not be valid if you are reading it later.

Some factors/ data may have changed after the

report was generated.

To access the LATEST version of this report.

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MOJO PROFESSIONAL 2
TVS Elec. Report as on 14 June 2021 at 10:50 PM

FINANCIAL TREND

WITH A GROWTH IN NET PROFIT OF 41.99%,

THE COMPANY DECLARED VERY POSITIVE
RESULTS IN MAR 21

Near term PBT trend is positive 5.8

3.69

Rs 5.8 cr PBT less Other Income (Rs Cr)

Highest at Rs 5.80 cr.
-0.57
PBT - Quarterly in the last five quarters
-5.62
-10.03

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021

Near term PAT trend is positive

5.85
Rs 5.9 cr PAT (Rs Cr)
Highest at Rs 5.85 cr.
4.12

0.56
PAT - Quarterly in the last five quarters
-2.19

Mar 2020 -9.75

Jun 2020 Sep 2020 Dec 2020 Mar 2021

Near term sales trend is positive

Rs 72.4 Net Sales (Rs Cr)
60.68 62.54
72.36

Highest at Rs 72.36 cr
cr in the last five quarters
53.4

Net Sales - 29.02

Quarterly

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021

MOJO PROFESSIONAL 3
TVS Elec. Report as on 14 June 2021 at 10:50 PM

FINANCIAL TREND

Near term Operating Profit trend 7.66

Rs 7.7 cr is positive 5.72

2.04
Operating Profit (Rs Cr)
Operating Profit - Highest at Rs 7.66 cr.
Quarterly in the last five quarters -1.6

-6.86

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021

Company's efficiency has 9.15 10.59

improved
10.6% 3.36

Operating Profit to Sales

Operating Profit Highest at 10.59%
-3
Margin - in the last five quarters
Quarterly
-23.64

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021

Increasing profitability; company 2.21

3.14

Rs 3.1 cr has created higher earnings for 0.3

shareholders
Earnings per
EPS (Rs)
Share (EPS) - -3.05
Highest at Rs 3.14
Quarterly -5.23
in the last five quarters

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021

Mar'21 Dec'20 Change%

Net Sales 72.3 62.4 15.8%
Key Operating Profit (PBDIT) excl Other Income 7.7 5.7 33.9%
Result Interest 0.1 0.2 -33.3%
Highlights Exceptional Items 0.0 0.0
Standaloned Net Profit 5.9 4.1 42.0%
Operating Profit Margin (Excl OI) 10.6 9.2 1.4%
Standalone- figures in Rs
Cr

MOJO PROFESSIONAL 4
TVS Elec. Report as on 14 June 2021 at 10:50 PM

TECHNICALS

STOCK IS TECHNICALLY IN A BULLISH

RANGE
Bullish Daily Moving Averages indicating near term price strength
Current Price 50 Day Moving Average 200 Day Moving Average

166.60 140.71 122.50

Factors with upward momentum

Indicator Technical Trend
MACD Bullish (weekly)
MACD Mildly Bullish (monthly)
Bollinger Band Mildly Bullish (weekly)
Bollinger Band Bullish (monthly)
KST Bullish (monthly)
Dow Theory Mildly Bullish (monthly)

In the last 1 year Stock has generated 65.11% returns vs a market (BSE 500) return
of 66.04%
3 Months 1 Year 3 Years

45.52%
66.04%
11.62% 56.87%
7.69%

-55.92%

Stock BSE 500 Stock BSE 500 Stock BSE 500

MOJO PROFESSIONAL 5
TVS Elec. Report as on 14 June 2021 at 10:50 PM

QUARTERLY VARIANCE

QUARTER RESULTS VARIANCE ANALYSIS

Mar'21 Dec'20 QoQ Mar'20 YoY Comments
Total Operating income 72 63 15.7% 53 35.5% High Growth in previous quarter
and same quarter last year
Total Expenditure (Excl Depreciation) 65 57 13.9% 55 17.6% High Growth in previous quarter
and same quarter last year
Operating Profit (PBDIT) excl Other Income 8 6 33.9% -2 -578.8%
Other Income 0 0 4.2% 2 -83.9%
Operating Profit (PBDIT) 8 6 32.7% -0 -15%
Interest 0 0 -33.3% 1 -75.9% Fall in previous quarter and same
quarter last year
Exceptional Items 0 0 0% -4 -100%
Depreciation 2 2 -5.5% 3 -50% Fall in previous quarter and same
quarter last year
Profit Before Tax 6 4 53.9% -8 -179.9%
Tax 0 -0 -205.3% -2 -110.6% Fall in previous quarter and same
quarter last year
Provisions and contingencies 0 0 0% 0 0%
Net Profit 6 4 42% -6 -202.8%

Standalone results triggered in Rs Cr

Margins
Mar'21 Dec'20 Sep'20 Jun'20 Mar'20 Avg. (4 Comments
Qtrs)
OPM 10.6% 9.2% 3.4% -23.7% -3.0% -3.6% Higher than average (4 Qtrs) – Promising
GPM 10.8% 9.2% 4.4% -25.7% -7.8% -5.0% Higher than average (4 Qtrs) – Promising
NPM 8.1% 6.6% 0.9% -33.7% -10.7% -9.2% Higher than average (4 Qtrs) – Promising

MOJO PROFESSIONAL 6
TVS Elec. Report as on 14 June 2021 at 10:50 PM

ANNUAL RESULT

NET SALES - YOY GROWTH IN YEAR ENDED

MAR 2021 IS -13.13% VS -90.64% IN MAR
2020
Standaloned Net Profit: YoY Growth in year ended Mar 2021 is 97.44% vs -94.76% in Mar
2020
Operating Profit (PBDIT) excl Other Income: YoY Growth in year ended Mar 2021 is -
21.63% vs -39.92% in Mar 2020
Interest: YoY Growth in year ended Mar 2021 is -19.49% vs 475.61% in Mar 2020 -13.13%
Operating Profit Margin (Excl OI): YoY Growth in year ended Mar 2021 has fallen from Mar NET SALES
2020

Mar'21 Mar'20 Change(%)

Net Sales 224.11 257.97 -13.13%
Key Operating Profit (PBDIT) excl Other Income 8.55 10.91 -21.63%
Annual Interest 1.90 2.36 -19.49%
Results Exceptional Items 0.00 -3.50 100.00%
Standaloned Net Profit 0.77 0.39 97.44%
Operating Profit Margin (Excl OI) 3.82 4.23 -0.41%
Figures in Rs Cr | Seasonal companies are compared with the same quarter last year

Net Sales-YoY Growth in year ended Mar 2021 is -13.13% vs - Standaloned Net Profit-YoY Growth in year ended Mar 2021
90.64% in Mar 2020 is 97.44% vs -94.76% in Mar 2020
5000 20
4,108.34 16.24

2,523.04 2,755.65
2500 10 7.44
6.33

257.97 224.11 0.39 0.77

0 0
Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021

Operating Profit (PBDIT) excl Other Income-YoY Growth in Operating Profit Margin (Excl OI)-YoY Growth in year ended
year ended Mar 2021 is -21.63% vs -39.92% in Mar 2020 Mar 2021 has fallen from Mar 2020
40 5 4.23
3.82
24.44
18.16
20 14.40 2.5
10.91
8.55
0.57 0.59 0.66

0 0
Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021

Figures in Rs Crore

MOJO PROFESSIONAL 7
TVS Elec. Report as on 14 June 2021 at 10:50 PM

BALANCESHEET AND CASHFLOW

BALANCE SHEET AND CASH FLOW ANALYSIS

0.0% Borrowings
Mar'20
14.43
Mar'19
0.00
Change%

Increase
Other Long Term Liabilities 6.30 0.46 1,269.57%
Fixed Assets 25.58 30.31 -15.61%
Investments 0.96 0.57 68.42%
in Borrowings in quarter Current Assets 108.94 100.18 8.74%
ended Mar 2020 vs in
Figures in Rs Cr
Mar 2019

Other Long Term Liabilities: YoY Growth in year ended Mar 2020 is 1,269.57% vs 43.75% in Mar 2019
Fixed Assets: YoY Growth in year ended Mar 2020 is -15.61% vs 8.33% in Mar 2019
Investments: YoY Growth in year ended Mar 2020 is 68.42% vs -89.10% in Mar 2019
Current Assets: YoY Growth in year ended Mar 2020 is 8.74% vs -89.64% in Mar 2019

Cash From Operation - YoY Growth in year ended Mar

1.34% 2020 is 1.34% vs -115.15% in Mar 2019
Mar'20 Mar'19 Change%
GROWTH Cash Flow from Operating Activities -5.91 -5.99 1.34%
Figures in Rs Cr

60

39.53
40
27.35
20.32
20

-5.99 -5.91
-20
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020

MOJO PROFESSIONAL 8
TVS Elec. Report as on 14 June 2021 at 10:50 PM

SHAREHOLDING

MAJORITY SHAREHOLDERS : PROMOTERS

Majority shareholders: Promoters

Pledged Promoter Holdings: None Mutual Funds
0.01% Non Institution
Mutual Funds: Held in 3.00 Schemes (0.01%) 40.15%

FIIs: Held by 0 FIIs (0%)

Promoter with highest holding: Tvs Investments Private Limited
(59.839%)
Promoters
Highest Public shareholder: 59.84%

Individual Investors Holdings: 34.97%

Promoter holding-Promoter holding has increased by 0% . FII Holdings-No change in FII holdings
However, the number of shares held by the Promoters has
remained constant during the period
100%

59.84% 59.84% 59.84% 59.84% 59.84% No holdings by FII in the last few quarters
50%

0.00% 0.00% 0.00% 0.00% 0.00%

0%
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021

MF Holdings-MF holding has increased by 0% . However, the Other DII Holdings-Other DII holding has decreased by -
number of shares held by the MFs has remained constant 0.01%. However, the number of shares held by the Other DIIs
during the period has remained constant during the period
0.04% 0.02%

0.02% 0.01% 0.01% 0.01% 0.01%

0.02% 0.01%
0.01% 0.01% 0.01% 0.01%

0.00%
0% 0%
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021

Figures in Rs Crore

MOJO PROFESSIONAL 9
TVS Elec. Report as on 14 June 2021 at 10:50 PM

PEER COMPARISION

PEER COMPARISON
TVS Elec. Tejas Networks Cerebra Integr. Avantel Compuage Info.
Size
Market Cap (Cr.) 310 1,626 805 223 173
Annual Sales (TTM) (Cr.) 225 527 94 78 3,730
Annual Net Profit (TTM) (Cr.) 1 38 7 15 21
Growth Factors (TTM)
Net Sales Growth 1 year -13.1% 34.8% -57.2% 49.7% -11.9%
Operating Profit Growth 1 year 28% 100.8% -83.3% 54% -12.6%
Net Profit Growth 1 year -80% 115.8% -73.6% 43.1% -32.2%
Net Sales Growth 5 year -17.7% -11.9% -18.5% 25.9% 3.7%
Operating Profit Growth 5 year -36.3% -66.3% 6.1% 54.7% 9.4%
Net Profit Growth 5 year -21.2% -24.7% 17.1% 73.7% 6.8%
Capital Structure Factors
EBIT to Interest 0.4 0.4 1.9 12.6 1.2
Debt to EBITDA 0.8 0.4 1.8 0.1 7.5
Net Debt to Equity -0.2 -0.2 0.1 -0.3 2.3
Sales to Capital Employed 3.5 0.6 0.4 3.3 5.1
Management Quality Factors
ROCE (latest) 1.2% 0.2% 4.1% 62.4% 10.1%
ROE(latest) 1% 3.3% 4.4% 23.2% 9.3%
Tax Ratio 17.9% 66.4% 22.2% 16.7% 25.9%
Operating CF to Net Profit -151.9% 419.8% -35.4% 289.9% 58.9%
Dividend Payout Ratio 717.3% - - 15.1% 4.3%
Valuation Factors
PE Ratio 310.2 43.3 114.7 14.5 8.4
Price to Book 3.8 1.4 2.8 3.4 0.8
PEG Ratio - 0.4 - 0.3 -
Dividend Yield - - - 1.1% 0.7%
EV to EBITDA 34.2 26 104.3 8.1 8.8
EV to Capital Employed 4.6 1.5 2.7 7.7 0.9
Shareholding
Promoter Holdings 59.8% - 7.3% 40.4% 58.3%
Promoter Pledged Holdings - - - - -
Total Institutional Holding 0% 28.9% 23.6% - 0%
FII Holdings - 21.3% 5.7% - -
Returns
1 Month 24.9% - 29.3% 28.8% 25.4%
3 Months 11.4% -9.7% 24% 37.1% 37.4%
YTD 29.9% 27.3% 94.9% 60.5% 65.5%
1 Year 56.5% 256.1% 132.5% 145.2% 110.8%
3 Years -56% -43.3% 6.5% 35.5% -37.1%

MOJO PROFESSIONAL 10
TVS Elec. Report as on 14 June 2021 at 10:50 PM

COMPANY BACKGROUND

COMPANY BACKGROUND

About the Company

TVS Electronics Ltd was set up as an IT Peripherals manufacturer and has today
INDUSTRY : IT - transformed into a leading Transaction Automation IT Products & Solution
Hardware provider.

300 cr (Micro Cap)

Board of Directors
Gopal Srinivasan Chairman

D Sundaram Director

SRILALITHA GOPAL Managing Director

M Lakshminarayan Independent Director

M F Farooqui Independent Director

6 more board of directors

Company Coordinates

Company Details: Registrat Details:

Jayalakshmi Estate, 29, Haddows Road, Chennai Tamil Nadu : Sundaram-Clayton Ltd , Jayalakshmi Estates, 5th Floor, No 29
600006 (Old 8), Post Box No. 732, Haddows Road, Chennai
Tel: 044-28277155 Fax: +91-044- 28257121
Email: contactus@tvs-e.in
Website: www.tvs-e.in

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TVS Elec. Report as on 14 June 2021 at 10:50 PM

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MOJO PROFESSIONAL 12