Mehabe score: 6 G Factor: 6 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 6 and Piotski score of 6.
Description
Morgan Ventures is also engaged in power generation from windmills.Site:526237
Market Cap:
Rs 13.6 cr
Price:
13.7
Trading pe:
9.29x
Book-value:
37.8/share
Div yield:
0.00 %
Earning yield:
14.19%
Face-value:
10.0/share
52week high:
14.63
52week low:
5.00
Technical Analysis
Stock trades at 13.7, above its 50dma 11.26. It also trades above its 200dma 9.52. The stock remains bullish on techicals
The 52 week high is at 14.63 and the 52week low is at 5.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– Stock is trading at 0.36 times its book value
Weakness
– has a low return on equity of -0.81% for last 3 years.
Competition
– The industry trades at a mean P/E of 21.7x. SBI Cards trades at the industry’s max P/E of 89.25x. 526237 trades at a P/E of 9.29x
– Industry’s mean G-Factor is 4.6 while the mean Piotski score is 7.0. 526237 has a G-Factor of 6 and Piotski scoreof 6.
– Average 1 month return for industry is 3.9%. The max 1- month return was given by Muthoot Finance: a return of 16.62 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 1.07 cr compared to Rs 0.99 cr for period ended Mar 2020, a rise of 8.1%
Operating Profits reported at Rs 0.94 cr for period ended Mar 2021 vis-vis 0.9 for period ended Mar 2020 .
Operating Margins contracted -305.9 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs -0.95 compared to Rs 0.77 for previous quarter ended Dec 2020 and Rs -0.07 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 5.81 cr for period ended Mar 2021 vis-vis sales of Rs 1.16 cr for the period ended Mar 2020, a healthy growth of 80.0%. The 3 year sales cagr stood at 734.4%.
Operating margins expanded to 94.84% for period ended Mar 2021 vis-vis 76.72% for period ended Mar 2020, expansion of 1812.0 bps.
Net Profit reported at Rs 1.46 cr for period ended Mar 2021 vis-vis sales of Rs -0.1 cr for the period ended Mar 2020, rising 106.8%.
Company recorded a healthy Net Profit CAGR of 426.6% 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 4.0% compared to -1.0% over the last 3 Years. – The stock has given a return of 151% on a 1 Year basis vis-vis a return of 1% over the last 3 Years. – The compounded sales growth on a TTM bassis is 401% vis-vis a compounded sales growth of 734% over the last 3 Years. – The compounded profit growth on a TTM basis is 1560% vis-vis a compounded profit growth of 427% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Mar 2021 public holding stood at 25.2% vis-vis 25.2% for Dec 2020
Conclusion
– Stock is trading at 0.36 times its book value – has a low return on equity of -0.81% 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 11.26 and is trading at 13.7, thus bullish price action wise.
