Mehabe score: 5 G Factor: 6 Piotski Score: 7 The stock has a rating 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 6 and Piotski score of 7.
Description
Aditya Vision is engaged into retail business of consumer electronics, home appliances, camera and mobile phones.Site:540205
Market Cap:
Rs 565 cr
Price:
470.0
Trading pe:
40.3x
Book-value:
32.7/share
Div yield:
0.53 %
Earning yield:
5.65%
Face-value:
10.0/share
52week high:
460.45
52week low:
20.60
Technical Analysis
Stock trades at 470.0, above its 50dma 317.66. It also trades above its 200dma 169.39. The stock remains bullish on techicals
The 52 week high is at 460.45 and the 52week low is at 20.60
Price Chart
P/E Chart
Sales and Margin
Strengths
– has delivered good profit growth of 65.48% CAGR over last 5 years
– has a good return on equity (ROE) track record: 3 Years ROE 29.99%
Weakness
– Stock is trading at 14.36 times its book value
-Promoters have pledged 40.93% of their holding.
-Earnings include an other income of Rs.9.12 Cr.
-‘s cost of borrowing seems high
Competition
– The industry trades at a mean P/E of 40.3x. Aditya Vision trades at the industry’s max P/E of 40.29x. 540205 trades at a P/E of 40.3x
– Industry’s mean G-Factor is 6.0 while the mean Piotski score is 7.0. 540205 has a G-Factor of 6 and Piotski scoreof 7.
– Average 1 month return for industry is 49.0%. The max 1- month return was given by Aditya Vision: a return of 49.02 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 213.0 cr compared to Rs 200.0 cr for period ended Dec 2019, a rise of 6.5%
Operating Profits reported at Rs 39.0 cr for period ended Mar 2021 vis-vis 11.0 for period ended Dec 2019 .
Operating Margins expanded 1281.0 bps for period ended Mar 2021 vis-vis Dec 2019 .
The EPS for Mar 2021 was Rs 14.31 compared to Rs 7.05 for previous quarter ended Dec 2020 and Rs 4.29 for Dec 2019
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 748.0 cr for period ended Mar 2021 vis-vis sales of Rs 797.0 cr for the period ended Mar 2020, a fall of 6.6%. The 3 year sales cagr stood at 19.0%.
Operating margins expanded to 6.0% for period ended Mar 2021 vis-vis 3.0% for period ended Mar 2020, expansion of 300.0 bps.
Net Profit reported at Rs 25.0 cr for period ended Mar 2021 vis-vis sales of Rs 14.0 cr for the period ended Mar 2020, rising 44.0%.
Company recorded a healthy Net Profit CAGR of 102.7% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The company has improved its Return on Equity (RoE) metric. The RoE on Last Year basis was 43.0% compared to 30.0% over the last 3 Years. – The stock has given a return of 2631% on a 1 Year basis vis-vis a return of 86% over the last 3 Years. – The compounded sales growth on a TTM bassis is 41% vis-vis a compounded sales growth of 30% over the last 3 Years. – The compounded profit growth on a TTM basis is 143% vis-vis a compounded profit growth of 102% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Mar 2021 public holding stood at 26.7% vis-vis 26.86% for Dec 2020
Conclusion
– has delivered good profit growth of 65.48% CAGR over last 5 years
– has a good return on equity (ROE) track record: 3 Years ROE 29.99% – Stock is trading at 14.36 times its book value
-Promoters have pledged 40.93% of their holding.
-Earnings include an other income of Rs.9.12 Cr.
-‘s cost of borrowing seems high
The business fundamentals of the stock remain stable. Stronger near term results will build interest in the stock. We suggest to wait for a upturn in business performance.
Technically, the stock remains above its 50 DMA 317.66 and is trading at 470.0, thus bullish price action wise.
