The 60-second version of TTI Enterprise Limited — what it does, how it earns, and who it competes with, before any of the numbers below.
What does this company do?
TTI Enterprise Limited provides wholesale trading services in India. It offers wholesale trading of food, beverages and tobacco, other agricultural raw materials, and precious metals and jewellery. TTI Enterprise Limited was incorporated in 1981 and is based in Kolkata, India.
IndustryCapital Markets
SectorFinancial Services
Employees2
Annual revenue₹2 Cr
How does it make money?
Turns over ₹2 Cr a year. Of every ₹100 of sales, about ₹-57 reaches shareholders as profit, with ₹152 left at the operating level before interest, tax and depreciation. Each of its 2 employees supports ₹1.23 Cr of revenue a year, the signature of a capital- or asset-led business.
EBITDA margin152.0%
Net margin-57.3%
Revenue / employee₹1.23 Cr
Who are its competitors?
The closest listed comparisons in its industry are BAJAJ FINANCE LIMITED, HDFC LIFE INS CO LTD, SBI LIFE INSURANCE CO LTD. These are the companies its valuation and returns are measured against elsewhere in this report.
BAJAJ FINANCE LIMITEDP/E 30.2x · ROE 17.8%
HDFC LIFE INS CO LTDP/E 58.4x · ROE 11.3%
SBI LIFE INSURANCE CO LTDP/E 63.9x · ROE 13.7%
What is its competitive advantage?Not assessable from these ratios
For a lender, returns on capital are shaped by leverage and funding cost rather than by pricing power, so the usual financial signature of an advantage does not apply. Judge this one on deposit franchise, cost of funds and asset quality — none of which are in this data.
ROCE4.9%
ROE-5.4%
Peer median ROE13.7%
What has been driving growth?
Profit has moved mainly because margins changed, not because the business sold much more. Over 3 years revenue moved -25% while net margin moved +630% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.
Revenue effect-25%
Margin effect+630%
