Mehabe score: 5 G Factor: 4 Piotski Score: 8 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 4 and Piotski score of 8.
Description
Matrimony.com Ltd is engaged in offers online matchmaking services on internet and mobile platforms. The Company delivers matchmaking services to users in India and the Indian diaspora through websites, mobile sites and mobile apps complemented by a wide on-the-ground network in India.
Company’s main websites are BharatMatrimony, Community Matrimony, Assisted Matrimony and EliteMatrimony.
Main Points
Market Share
BharatMatrimony leads the country’s organised online matchmaking sector with a 60% market share. It is the flagship website of the company.#Site:MATRIMONYMain Symbol:MATRIMONY
Stock trades at 1095.0, above its 50dma 985.19. It also trades above its 200dma 859.64. The stock remains bullish on techicals
The 52 week high is at 1242.00 and the 52week low is at 380.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– has been maintaining a healthy dividend payout of 18.22%
Weakness
– Stock is trading at 9.51 times its book value
-The company has delivered a poor sales growth of 11.47% over past five years.
Competition
– The industry trades at a mean P/E of 28.0x. Affle India trades at the industry’s max P/E of 86.41x. MATRIMONY trades at a P/E of 61.4x
– Industry’s mean G-Factor is 4.6 while the mean Piotski score is 9.0. MATRIMONY has a G-Factor of 4 and Piotski scoreof 8.
– Average 1 month return for industry is 15.7%. The max 1- month return was given by C D S L: a return of 56.1 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 101.0 cr compared to Rs 94.0 cr for period ended Mar 2020, a rise of 7.4%
Operating Profits reported at Rs 17.0 cr for period ended Mar 2021 vis-vis 13.0 for period ended Mar 2020 .
Operating Margins expanded 300.2 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 4.43 compared to Rs 4.84 for previous quarter ended Dec 2020 and Rs 2.98 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 439.0 cr for period ended Mar 2021 vis-vis sales of Rs 430.0 cr for the period ended Mar 2020, a growth of 2.1%. The 3 year sales cagr stood at 9.4%.
Operating margins expanded to 15.0% for period ended Mar 2021 vis-vis 13.0% for period ended Mar 2020, expansion of 200.0 bps.
Net Profit reported at Rs 41.0 cr for period ended Mar 2021 vis-vis sales of Rs 30.0 cr for the period ended Mar 2020, rising 26.8%.
Company reported a poor Net Profit CAGR of -17.9% 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 70.0 cr for period ended Mar 2021 vis-vis Rs 57.0 cr for period ended Mar 2020
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 17.0% compared to 17.0% over the last 3 Years. – The stock has given a return of 181% on a 1 Year basis vis-vis a return of 15% over the last 3 Years. – The compounded sales growth on a TTM bassis is 2% vis-vis a compounded sales growth of 9% over the last 3 Years. – The compounded profit growth on a TTM basis is 38% vis-vis a compounded profit growth of -13% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Mar 2021 fii holding stood at 22.81% vis-vis 23.2% for Dec 2020 – Public shareholding has risen for the period ended Mar 2021. The Mar 2021 public holding stood at 7.49% vis-vis 5.47% for Dec 2020
Conclusion
– has been maintaining a healthy dividend payout of 18.22% – Stock is trading at 9.51 times its book value
-The company has delivered a poor sales growth of 11.47% over past five years.
