Why is Indian Toners & Developers Ltd ?
1
The company is Net-Debt Free
2
Poor long term growth as Net Sales has grown by an annual rate of 13.43% over the last 5 years
3
Flat results in Mar 26
- ROCE(HY) Lowest at 15.17%
- CASH AND CASH EQUIVALENTS(HY) Lowest at Rs 14.92 cr
4
With ROE of 11.8, it has a Very Attractive valuation with a 1.1 Price to Book Value
- The stock is trading at a fair value compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -6.74%, its profits have risen by 22.6% ; the PEG ratio of the company is 0.3
5
Majority shareholders : Promoters
6
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -6.74% returns in the last 1 year, the stock has also underperformed BSE500 in each of the last 3 annual periods
How much should you hold?
- Overall Portfolio exposure to Indian Toners should be less than 10%
- Overall Portfolio exposure to Specialty Chemicals should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Specialty Chemicals)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Indian Toners for you?
Medium Risk, Medium Return
Absolute
Risk Adjusted
Volatility
Indian Toners
-6.74%
-0.28
24.19%
Sensex
-8.84%
-0.67
13.10%
Quality key factors
Factor
Value
Sales Growth (5y)
13.43%
EBIT Growth (5y)
21.59%
EBIT to Interest (avg)
26.93
Debt to EBITDA (avg)
Net Debt is too low
Net Debt to Equity (avg)
-0.49
Sales to Capital Employed (avg)
0.77
Tax Ratio
21.56%
Dividend Payout Ratio
18.68%
Pledged Shares
0
Institutional Holding
0.03%
ROCE (avg)
23.74%
ROE (avg)
12.13%
Valuation Key Factors 
Factor
Value
P/E Ratio
9
Industry P/E
25
Price to Book Value
1.12
EV to EBIT
4.92
EV to EBITDA
4.18
EV to Capital Employed
1.23
EV to Sales
0.88
PEG Ratio
0.34
Dividend Yield
2.40%
ROCE (Latest)
24.95%
ROE (Latest)
11.84%
Loading Valuation Snapshot...
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
Bearish
No Signal
Bollinger Bands
Mildly Bullish
Mildly Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
Mildly Bullish
Mildly Bullish
Technical Movement
4What is working for the Company
NET SALES(Q)
Highest at Rs 45.74 cr
PBDIT(Q)
Highest at Rs 10.18 cr.
OPERATING PROFIT TO NET SALES(Q)
Highest at 22.26%
PBT LESS OI(Q)
Highest at Rs 8.85 cr.
-3What is not working for the Company
ROCE(HY)
Lowest at 15.17%
CASH AND CASH EQUIVALENTS(HY)
Lowest at Rs 14.92 cr
Loading Valuation Snapshot...
Here's what is working for Indian Toners
Net Sales - Quarterly
Highest at Rs 45.74 cr
in the last five quartersMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Operating Profit (PBDIT) - Quarterly
Highest at Rs 10.18 cr.
in the last five quartersMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (Rs Cr)
Operating Profit Margin - Quarterly
Highest at 22.26%
in the last five quartersMOJO Watch
Company's efficiency has improved
Operating Profit to Sales
Profit Before Tax less Other Income (PBT) - Quarterly
Highest at Rs 8.85 cr.
in the last five quartersMOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Here's what is not working for Indian Toners
Cash and Cash Equivalents - Half Yearly
Lowest at Rs 14.92 cr
in the last six half yearly periodsMOJO Watch
Short Term liquidity is deteriorating
Cash and Cash Equivalents






