Mehabe score: 2 G Factor: 4 Piotski Score: 5 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 4 and Piotski score of 5.
Description
Archidply Decor is engaged in the business of manufacturing of: Wood Based Products: Decorative Laminates, Decorative Veneers, Plywood & Block Board, Prelaminated Particle Board. It has branches and dealers network spread all over the country. The Company is procuring raw material & trading goods locally as well as imports them. Goods are sold both in domestic and overseas markets.Site:ADL
Market Cap:
Rs 24.0 cr
Price:
43.2
Trading pe:
x
Book-value:
87.7/share
Div yield:
0.00 %
Earning yield:
3.95%
Face-value:
10.0/share
52week high:
42.25
52week low:
16.10
Technical Analysis
Stock trades at 43.2, above its 50dma 32.32. It also trades above its 200dma 28.22. The stock remains bullish on techicals
The 52 week high is at 42.25 and the 52week low is at 16.10
Price Chart
P/E Chart
Sales and Margin
Strengths
– Stock is trading at 0.49 times its book value
Weakness
– has low interest coverage ratio.
-Earnings include an other income of Rs.1.31 Cr.
Competition
– The industry trades at a mean P/E of 26.3x. Jubilant Ingrevia trades at the industry’s max P/E of 137.98x. ADL trades at a P/E of x
– Industry’s mean G-Factor is 4.2 while the mean Piotski score is 9.0. ADL has a G-Factor of 4 and Piotski scoreof 5.
– Average 1 month return for industry is 11.8%. The max 1- month return was given by Archidply Decor: a return of 35.05 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 13.37 cr compared to Rs 8.62 cr for period ended Mar 2020, a rise of 55.1%
Operating Profits reported at Rs 0.77 cr for period ended Mar 2021 vis-vis 0.62 for period ended Mar 2020 .
Operating Margins contracted -143.3 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 1.02 compared to Rs 0.11 for previous quarter ended Dec 2020 and Rs 0.04 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 32.25 cr for period ended Mar 2021 vis-vis sales of Rs 38.97 cr for the period ended Mar 2020, a fall of 20.8%.
Operating margins shrank to 4.0% for period ended Mar 2021 vis-vis 4.64% for period ended Mar 2020, contraction of 64.0 bps.
Net Profit reported at Rs -0.71 cr for period ended Mar 2021 vis-vis sales of Rs -1.13 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 % on a 1 Year basis vis-vis a return of % over the last 3 Years. – The compounded sales growth on a TTM bassis is -28% vis-vis a compounded sales growth of % over the last 3 Years. – The compounded profit growth on a TTM basis is 66% 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 27.01% vis-vis 27.01% for Dec 2020
Conclusion
– Stock is trading at 0.49 times its book value – has low interest coverage ratio.
-Earnings include an other income of Rs.1.31 Cr.
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 32.32 and is trading at 43.2, thus bullish price action wise.
