Mehabe score: 5 G Factor: 5 Piotski Score: 6 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 5 and Piotski score of 6.
Description
United Van Der Horst is engaged in provides Reconditioning, Re-standardizing, Reverse Engineering & Manufacturing services to most of the core sectors such as Marine, Oil Field, Power Plants, Petrochemicals, etc.,Site:522091
Market Cap:
Rs 11.2 cr
Price:
23.4
Trading pe:
x
Book-value:
59.0/share
Div yield:
0.00 %
Earning yield:
4.80%
Face-value:
10.0/share
52week high:
25.85
52week low:
14.75
Technical Analysis
Stock trades at 23.4, above its 50dma 20.9. It also trades above its 200dma 21.38. The stock remains bullish on techicals
The 52 week high is at 25.85 and the 52week low is at 14.75
Price Chart
P/E Chart
Sales and Margin
Strengths
– Stock is trading at 0.40 times its book value
-Debtor days have improved from 127.23 to 97.68 days.
Weakness
– has low interest coverage ratio.
– has a low return on equity of -2.06% for last 3 years.
Competition
– The industry trades at a mean P/E of 27.2x. Jubilant Ingrevia trades at the industry’s max P/E of 137.12x. 522091 trades at a P/E of x
– Industry’s mean G-Factor is 4.4 while the mean Piotski score is 9.0. 522091 has a G-Factor of 5 and Piotski scoreof 6.
– Average 1 month return for industry is 12.7%. The max 1- month return was given by Gujarat Gas: a return of 32.5 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 2.83 cr compared to Rs 1.75 cr for period ended Mar 2020, a rise of 61.7%
Operating Profits reported at Rs 1.98 cr for period ended Mar 2021 vis-vis 0.53 for period ended Mar 2020 .
Operating Margins expanded 3967.9 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 3.07 compared to Rs -1.61 for previous quarter ended Dec 2020 and Rs 0.21 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 8.99 cr for period ended Mar 2021 vis-vis sales of Rs 7.81 cr for the period ended Mar 2020, a healthy growth of 13.1%. The 3 year sales cagr stood at 32.8%.
Operating margins expanded to 33.26% for period ended Mar 2021 vis-vis 25.86% for period ended Mar 2020, expansion of 740.0 bps.
Net Profit reported at Rs 0.36 cr for period ended Mar 2021 vis-vis sales of Rs 1.34 cr for the period ended Mar 2020, falling 0%.
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 5.0% compared to -2.0% over the last 3 Years. – The stock has given a return of -8% on a 1 Year basis vis-vis a return of 13% over the last 3 Years. – The compounded sales growth on a TTM bassis is 4% vis-vis a compounded sales growth of 64% over the last 3 Years. – The compounded profit growth on a TTM basis is -429% vis-vis a compounded profit growth of 31% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Mar 2021 public holding stood at 30.72% vis-vis 30.72% for Dec 2020
Conclusion
– Stock is trading at 0.40 times its book value
-Debtor days have improved from 127.23 to 97.68 days. – has low interest coverage ratio.
– has a low return on equity of -2.06% for last 3 years.
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 20.9 and is trading at 23.4, thus bullish price action wise.
