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Our Rating: OBSERVE & HOLD
Mehabe score: 3 G Factor: 3 Piotski Score: 4 The stock has a rating OBSERVE & HOLD. The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 3 and Piotski score of 4.
Description
Agri-Tech (India) is engaged in the business of corporate farming. The major farms are situated in various villages in Paithan Taluka, Dist Aurangabad (MS).Site:AGRITECH
Market Cap:
Rs 29.0 cr
Price:
48.8
Trading pe:
x
Book-value:
150/share
Div yield:
0.00 %
Earning yield:
-4.43%
Face-value:
10.0/share
52week high:
48.00
52week low:
25.35
Technical Analysis
Stock trades at 48.8, above its 50dma 40.36. It also trades above its 200dma 36.67. The stock remains bullish on techicals
The 52 week high is at 48.00 and the 52week low is at 25.35
Price Chart
P/E Chart
Sales and Margin
Strengths
– Stock is trading at 0.33 times its book value
Weakness
– has low interest coverage ratio.
– has a low return on equity of -0.67% for last 3 years.
Competition
– The industry trades at a mean P/E of 26.8x. Affle India trades at the industry’s max P/E of 105.89x. AGRITECH trades at a P/E of x
– Industry’s mean G-Factor is 4.2 while the mean Piotski score is 9.0. AGRITECH has a G-Factor of 3 and Piotski scoreof 4.
– Average 1 month return for industry is 14.6%. The max 1- month return was given by Jubilant Ingrevia: a return of 37.23 %
Quarterly Results
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 0.19 cr for period ended Mar 2021 vis-vis sales of Rs 0.38 cr for the period ended Mar 2020, a fall of 100.0%. The 3 year sales cagr stood at 5.9%.
Operating margins shrank to -321.05% for period ended Mar 2021 vis-vis -113.16% for period ended Mar 2020, contraction of 20789.0 bps.
Net Profit reported at Rs -3.21 cr for period ended Mar 2021 vis-vis sales of Rs 0.47 cr for the period ended Mar 2020, falling 0%.
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities: Rs 0.0 cr for period ended Mar 2021 vis-vis Rs -1.64 cr for period ended Mar 2020
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The stock has given a return of 37% on a 1 Year basis vis-vis a return of -25% over the last 3 Years. – The compounded sales growth on a TTM bassis is -50% vis-vis a compounded sales growth of 6% over the last 3 Years. – The compounded profit growth on a TTM basis is -47% vis-vis a compounded profit growth of 7% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Mar 2021 fii holding stood at 0.0% vis-vis 0.0% for Dec 2020 – Public shareholding has remained largely constant. The Mar 2021 public holding stood at 54.47% vis-vis 54.47% for Dec 2020
Conclusion
– Stock is trading at 0.33 times its book value – has low interest coverage ratio.
– has a low return on equity of -0.67% for last 3 years.
Fundamentally, the stock remains weak on business fundamentals. Weak near term results have dampened and questioned business drivers. We suggest to wait for a upturn in business performance.
Technically, the stock trades above its 50 DMA 40.36 and is trading at 48.8 It has shown near term bullish momentum contrary to business fundamentals. We suggest to observe price action. However as investors, who like to avoid timing the markets, we suggest to avoid the stock
