Mehabe score: 2 G Factor: 0 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 0 and Piotski score of 4.
Description
IITL Projects is engaged in real estate business, construction of residential complexes in the National Capital Region.(Source : 201903 Annual Report Page No: 60)Site:531968
Market Cap:
Rs 12.6 cr
Price:
25.2
Trading pe:
x
Book-value:
-111/share
Div yield:
0.00 %
Earning yield:
-89.25%
Face-value:
10.0/share
52week high:
28.25
52week low:
17.00
Technical Analysis
Stock trades at 25.2, above its 50dma 24.49. It also trades above its 200dma 23.29. The stock remains bullish on techicals
The 52 week high is at 28.25 and the 52week low is at 17.00
Price Chart
P/E Chart
Sales and Margin
Strengths
–
Weakness
– has low interest coverage ratio.
-The company has delivered a poor sales growth of -46.55% over past five years.
-Contingent liabilities of Rs.24.78 Cr.
– has high debtors of 159.20 days.
Competition
– The industry trades at a mean P/E of 44.8x. Phoenix Mills trades at the industry’s max P/E of 265.87x. 531968 trades at a P/E of x
– Industry’s mean G-Factor is 2.9 while the mean Piotski score is 7.0. 531968 has a G-Factor of 0 and Piotski scoreof 4.
– Average 1 month return for industry is 5.9%. The max 1- month return was given by NBCC: a return of 16.55 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 0.44 cr compared to Rs 0.27 cr for period ended Mar 2020, a rise of 63.0%
Company reported negative operating profit of Rs -2.34 cr for period ended Mar 2021. For same period last year, operating profit was -1.2
The EPS for Mar 2021 was Rs -6.91 compared to Rs -8.64 for previous quarter ended Dec 2020 and Rs -4.53 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 0.0 cr for period ended Mar 2021 vis-vis sales of Rs 1.0 cr for the period ended Mar 2020, a fall of 0%.
Operating margins shrank to -2800.0% for period ended Mar 2021 vis-vis -1495.0% for period ended Mar 2020, contraction of 130500.0 bps.
Net Profit reported at Rs -17.0 cr for period ended Mar 2021 vis-vis sales of Rs -18.0 cr for the period ended Mar 2020, rising 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 stock has given a return of 46% on a 1 Year basis vis-vis a return of 15% over the last 3 Years. – The compounded sales growth on a TTM bassis is -69% vis-vis a compounded sales growth of -8% over the last 3 Years. – The compounded profit growth on a TTM basis is 38% vis-vis a compounded profit growth of % over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Mar 2021 public holding stood at 28.26% vis-vis 28.26% for Dec 2020
Conclusion
– – has low interest coverage ratio.
-The company has delivered a poor sales growth of -46.55% over past five years.
-Contingent liabilities of Rs.24.78 Cr.
– has high debtors of 159.20 days.
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 24.49 and is trading at 25.2 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
