Mehabe score: 2 G Factor: 7 Piotski Score: 6 The stock has a rating . 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 7 and Piotski score of 6.
Description
RKEC Projects is engaged in the business of Civil Works and specialized in Marine Works, Construction of Roads, Buildings, Bridges& Fly overs, Survey works under Unmanned Aerial Systemsetc.Site:RKEC
Market Cap:
Rs 254 cr
Price:
106.0
Trading pe:
6.78x
Book-value:
51.6/share
Div yield:
0.00 %
Earning yield:
22.27%
Face-value:
10.0/share
52week high:
101.50
52week low:
32.00
Technical Analysis
Stock trades at 106.0, above its 50dma 79.94. It also trades above its 200dma 60.76. The stock remains bullish on techicals
The 52 week high is at 101.50 and the 52week low is at 32.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– has delivered good profit growth of 80.01% CAGR over last 5 years
– has a good return on equity (ROE) track record: 3 Years ROE 33.05%
Weakness
– Contingent liabilities of Rs.154.89 Cr.
Competition
– The industry trades at a mean P/E of 37.6x. Macrotech Devel. trades at the industry’s max P/E of 19.79x. RKEC trades at a P/E of 6.78x
– Industry’s mean G-Factor is 5.5 while the mean Piotski score is 6.0. RKEC has a G-Factor of 7 and Piotski scoreof 6.
– Average 1 month return for industry is 15.1%. The max 1- month return was given by JP Associates: a return of 46.59 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 85.59 cr compared to Rs 35.01 cr for period ended Dec 2019, a rise of 144.5%
Operating Profits reported at Rs 12.2 cr for period ended Mar 2021 vis-vis 10.95 for period ended Dec 2019 .
Operating Margins contracted -1702.3 bps for period ended Mar 2021 vis-vis Dec 2019 .
The EPS for Mar 2021 was Rs 3.11 compared to Rs 1.43 for previous quarter ended Dec 2020 and Rs 0.16 for Dec 2019
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 202.0 cr for period ended Mar 2021 vis-vis sales of Rs 298.0 cr for the period ended Mar 2020, a fall of 47.5%. The 3 year sales cagr stood at -5.6%.
Operating margins shrank to 15.0% for period ended Mar 2021 vis-vis 23.0% for period ended Mar 2020, contraction of 800.0 bps.
Net Profit reported at Rs 13.0 cr for period ended Mar 2021 vis-vis sales of Rs 28.0 cr for the period ended Mar 2020, falling 115.4%.
Company reported a poor Net Profit CAGR of -13.4% 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 35.0% compared to 33.0% over the last 3 Years. – The stock has given a return of 142% on a 1 Year basis vis-vis a return of 6% over the last 3 Years. – The compounded sales growth on a TTM bassis is 22% vis-vis a compounded sales growth of 15% over the last 3 Years. – The compounded profit growth on a TTM basis is 55% vis-vis a compounded profit growth of 46% over the last 3 Years.
Ratios
Conclusion
– has delivered good profit growth of 80.01% CAGR over last 5 years
– has a good return on equity (ROE) track record: 3 Years ROE 33.05% – Contingent liabilities of Rs.154.89 Cr.
