Mehabe score: 6 G Factor: 6 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 6 and Piotski score of 5.
Description
Bhageria Industries is engaged in manufacturing of Dyes & Dyes Intermediate and generation and distribution of solar power.Site:BHAGERIAMain Symbol:BHAGIL
Stock trades at 275.0, above its 50dma 225.59. It also trades above its 200dma 176.79. The stock remains bullish on techicals
The 52 week high is at 286.00 and the 52week low is at 110.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
– has been maintaining a healthy dividend payout of 20.89%
Weakness
– The company has delivered a poor sales growth of 10.86% over past five years.
-Debtor days have increased from 67.73 to 84.27 days.
Competition
– The industry trades at a mean P/E of 24.1x. Atul trades at the industry’s max P/E of 43.12x. BHAGERIA trades at a P/E of 19.2x
– Industry’s mean G-Factor is 4.3 while the mean Piotski score is 7.0. BHAGERIA has a G-Factor of 6 and Piotski scoreof 5.
– Average 1 month return for industry is 7.6%. The max 1- month return was given by Vidhi Specialty: a return of 19.52 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 128.0 cr compared to Rs 101.0 cr for period ended Mar 2020, a rise of 26.7%
Operating Profits reported at Rs 31.0 cr for period ended Mar 2021 vis-vis 24.0 for period ended Mar 2020 .
Operating Margins expanded 45.6 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 4.16 compared to Rs 5.14 for previous quarter ended Dec 2020 and Rs 3.18 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 399.0 cr for period ended Mar 2021 vis-vis sales of Rs 414.0 cr for the period ended Mar 2020, a fall of 3.8%. The 3 year sales cagr stood at 2.8%.
Operating margins expanded to 26.0% for period ended Mar 2021 vis-vis 24.0% for period ended Mar 2020, expansion of 200.0 bps.
Net Profit reported at Rs 62.0 cr for period ended Mar 2021 vis-vis sales of Rs 66.0 cr for the period ended Mar 2020, falling 6.5%.
Company recorded a healthy Net Profit CAGR of 15.7% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 62.0 cr for period ended Mar 2021 vis-vis Rs 59.0 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 135% on a 1 Year basis vis-vis a return of 23% over the last 3 Years. – The compounded sales growth on a TTM bassis is -4% vis-vis a compounded sales growth of 3% over the last 3 Years. – The compounded profit growth on a TTM basis is -5% vis-vis a compounded profit growth of 17% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Mar 2021 fii holding stood at 0.05% vis-vis 0.05% for Dec 2020 – Public shareholding has remained largely constant. The Mar 2021 public holding stood at 29.04% vis-vis 29.21% for Dec 2020
Conclusion
– is almost debt free.
– has been maintaining a healthy dividend payout of 20.89% – The company has delivered a poor sales growth of 10.86% over past five years.
-Debtor days have increased from 67.73 to 84.27 days.
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 225.59 and is trading at 275.0, thus bullish price action wise.
