Mehabe score: 7 G Factor: 5 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 5 and Piotski score of 4.
Description
Halder Venture Limited is produces rice and rice products. The Company offers puffed rice, parboiled rice, rice bran oil, and de-oiled rice bran.Site:539854
Market Cap:
Rs 57.5 cr
Price:
182.0
Trading pe:
3.12x
Book-value:
/share
Div yield:
0.00 %
Earning yield:
23.85%
Face-value:
10.0/share
52week high:
178.30
52week low:
31.00
Technical Analysis
Stock trades at 182.0, above its 50dma 130.78. It also trades above its 200dma 88.45. The stock remains bullish on techicals
The 52 week high is at 178.30 and the 52week low is at 31.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– is expected to give good quarter
– has delivered good profit growth of 349.89% CAGR over last 5 years
Weakness
–
Competition
– The industry trades at a mean P/E of 18.6x. KCD Industries trades at the industry’s max P/E of 152.4x. 539854 trades at a P/E of 3.12x
– Industry’s mean G-Factor is 2.4 while the mean Piotski score is 9.0. 539854 has a G-Factor of 5 and Piotski scoreof 4.
– Average 1 month return for industry is 11.2%. The max 1- month return was given by Halder Venture: a return of 51.16 %
Quarterly Results
Sales for period ended Dec 2020 is Rs 112.35 cr compared to Rs 62.43 cr for period ended Dec 2019, a rise of 80.0%
Operating Profits reported at Rs 11.89 cr for period ended Dec 2020 vis-vis 3.61 for period ended Dec 2019 .
Operating Margins expanded 480.1 bps for period ended Dec 2020 vis-vis Dec 2019 .
The EPS for Dec 2020 was Rs 26.86 compared to Rs 2.18 for previous quarter ended Sep 2020 and Rs 2.09 for Dec 2019
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 620.0 cr for period ended Mar 2021 vis-vis sales of Rs 288.0 cr for the period ended Mar 2020, a healthy growth of 53.5%. The 3 year sales cagr stood at 38.6%.
Operating margins expanded to 5.0% for period ended Mar 2021 vis-vis 4.0% for period ended Mar 2020, expansion of 100.0 bps.
Net Profit reported at Rs 18.0 cr for period ended Mar 2021 vis-vis sales of Rs 2.0 cr for the period ended Mar 2020, rising 88.9%.
Company recorded a healthy Net Profit CAGR of 81.7% over the last 3 years
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 -36.0 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 333% on a 1 Year basis vis-vis a return of 217% over the last 3 Years. – The compounded sales growth on a TTM bassis is 115% vis-vis a compounded sales growth of 38% over the last 3 Years. – The compounded profit growth on a TTM basis is 686% vis-vis a compounded profit growth of 87% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Mar 2021 public holding stood at 34.32% vis-vis 34.32% for Dec 2020
Conclusion
– is expected to give good quarter
– has delivered good profit growth of 349.89% CAGR over last 5 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 130.78 and is trading at 182.0 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
