Mehabe score: 1 G Factor: 4 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 4 and Piotski score of 6.
Description
Tirupati Sarjan is principally engaged in the civil construction and real estate development business.Site:531814
Market Cap:
Rs 19.1 cr
Price:
5.79
Trading pe:
16.8x
Book-value:
22.4/share
Div yield:
0.00 %
Earning yield:
14.80%
Face-value:
5.00/share
52week high:
10.40
52week low:
4.53
Technical Analysis
Stock trades at 5.79, below its 50dma 6.29 and below its 200dma 6.56. The stock remains bearish on technicals
The 52 week high is at 10.40 and the 52week low is at 4.53
Price Chart
P/E Chart
Sales and Margin
Strengths
– Stock is trading at 0.26 times its book value
Weakness
– Though the company is reporting repeated profits, it is not paying out dividend
– has low interest coverage ratio.
-The company has delivered a poor sales growth of -11.13% over past five years.
– has a low return on equity of 4.41% for last 3 years.
-Contingent liabilities of Rs.61.29 Cr.
-Debtor days have increased from 84.59 to 137.69 days.
-Promoter holding has decreased over last 3 years: -6.71%
Competition
– The industry trades at a mean P/E of 37.3x. Phoenix Mills trades at the industry’s max P/E of 269.3x. 531814 trades at a P/E of 16.8x
– Industry’s mean G-Factor is 3.4 while the mean Piotski score is 7.0. 531814 has a G-Factor of 4 and Piotski scoreof 6.
– Average 1 month return for industry is 2.5%. The max 1- month return was given by NBCC: a return of 12.63 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 25.0 cr compared to Rs 34.75 cr for period ended Mar 2020, a fall of 28.1%
Operating Profits reported at Rs 2.21 cr for period ended Mar 2021 vis-vis 2.21 for period ended Mar 2020 .
Operating Margins expanded 248.0 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 0.11 compared to Rs 0.09 for previous quarter ended Dec 2020 and Rs -0.27 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 65.0 cr for period ended Mar 2021 vis-vis sales of Rs 119.5 cr for the period ended Mar 2020, a fall of 83.8%. The 3 year sales cagr stood at -26.7%.
Operating margins expanded to 13.54% for period ended Mar 2021 vis-vis 9.58% for period ended Mar 2020, expansion of 396.0 bps.
Net Profit reported at Rs 1.14 cr for period ended Mar 2021 vis-vis sales of Rs 3.03 cr for the period ended Mar 2020, falling 165.8%.
Company reported a poor Net Profit CAGR of -41.1% 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 had stable/constant Return on Equity (RoE) metric. The RoE on Last Year basis was 2.0% compared to 4.0% over the last 3 Years. – The stock has given a return of 5% on a 1 Year basis vis-vis a return of -28% over the last 3 Years. – The compounded sales growth on a TTM bassis is -46% vis-vis a compounded sales growth of -27% over the last 3 Years. – The compounded profit growth on a TTM basis is -63% vis-vis a compounded profit growth of -41% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Mar 2021 public holding stood at 59.28% vis-vis 59.28% for Dec 2020
Conclusion
– Stock is trading at 0.26 times its book value – Though the company is reporting repeated profits, it is not paying out dividend
– has low interest coverage ratio.
-The company has delivered a poor sales growth of -11.13% over past five years.
– has a low return on equity of 4.41% for last 3 years.
-Contingent liabilities of Rs.61.29 Cr.
-Debtor days have increased from 84.59 to 137.69 days.
-Promoter holding has decreased over last 3 years: -6.71%
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 below its 50 DMA 6.29 and is trading at 5.79. Shows a near term lack of buying interest.
