Sunday, February 21, 2010

Tide Water Oil Co

Tide Water Oil Co.

Tide Water Oil Co. (I) Ltd., is a part of the multi divisional Andrew Yule group that has diverse interests in Engineering, Electrical, Tea Cultivation, Power Generation, Digital Communication Systems and Lubricants.

Tide Water has been a pioneer of Automotive and Industrial lubricants in India since 1928 and has five plants at Howrah, Oragadam, Turbhe, Silvassa and Faridabad.

Products...

Veedol Engine Oils which is available in different variants like Automotive oil, Industrial Oil, Industrial Grease, Automotive Grease and Eneos.

The company also has technical collaboration with Nippon Oil Corporation, the No.1 petroleum conglomerate in Japan. Superior quality lubricants under the brand name Eneos are manufactured and marketed in India by Tide Water Oil.

Quarterly Results..

The company's Q3 net profit was at Rs 14.51 crore.

The company's trailing 12-month (TTM) EPS was at Rs 479.66 per share. (Sep, 2009)

The dividend yield of the company was 0.61%.

The company's trailing 12-month (TTM) EPS was at Rs 479.66 per share. (Sep, 2009)

Valuations

Equity
Tide water – 87 lakhs (0.87 Crore)

EPS (4 trailing quarters)
Tide water – 586

Book Value
Tide water – 1708

Market Price/Book Value
Tide water – 3

P/E
Tide water – 8.6

As Comapred to its peer Castrol the stock is under valued and can be accumulated at every dips for long term invesmtent.

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