Mehabe score: 6 G Factor: 5 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 5 and Piotski score of 6.
Description
Integra Engineering India is engaged in manufacturing of machineries and components.Site:505358Main Symbol:INTEGRAEN
Stock trades at 46.5, above its 50dma 40.16. It also trades above its 200dma 33.29. The stock remains bullish on techicals
The 52 week high is at 48.50 and the 52week low is at 20.00
Price Chart
P/E Chart
Sales and Margin
Strengths
–
Weakness
– Though the company is reporting repeated profits, it is not paying out dividend
– might be capitalizing the interest cost
Competition
– The industry trades at a mean P/E of 66.3x. Chandni Textiles trades at the industry’s max P/E of 924.34x. 505358 trades at a P/E of 29.0x
– Industry’s mean G-Factor is 2.9 while the mean Piotski score is 8.0. 505358 has a G-Factor of 5 and Piotski scoreof 6.
– Average 1 month return for industry is 12.7%. The max 1- month return was given by Indian CardCloth: a return of 37.12 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 19.31 cr compared to Rs 8.77 cr for period ended Jun 2020, a rise of 120.2%
Company reported operating profit of Rs 3.16 cr for period ended Jun 2021, operating profit margin at 16.4 %.
Operating profit was negative for the same period last year thus company has improved its margins this year
The EPS for Jun 2021 was Rs 0.63 compared to Rs 0.47 for previous quarter ended Mar 2021 and Rs -0.1 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 73.54 cr for period ended TTM vis-vis sales of Rs 63.01 cr for the period ended Mar 2021, a healthy growth of 14.3%. The 3 year sales cagr stood at 5.5%.
Operating margins expanded to 15.65% for period ended TTM vis-vis 13.06% for period ended Mar 2021, expansion of 259.0 bps.
Net Profit reported at Rs 7.92 cr for period ended TTM vis-vis sales of Rs 5.41 cr for the period ended Mar 2021, rising 31.7%.
Company reported a poor Net Profit CAGR of -10.7% 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 11.99 cr for period ended Mar 2021 vis-vis Rs 5.37 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 worsened on its Return on Equity (RoE) metric. The RoE on Last Year basis was 13.0% compared to 20.0% over the last 3 Years. – The stock has given a return of 92% 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 0% vis-vis a compounded sales growth of 12% 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 Jun 2021 fii holding stood at 0.0% vis-vis 0.0% for Mar 2021 – Public shareholding has remained largely constant. The Jun 2021 public holding stood at 45.04% vis-vis 45.04% for Mar 2021
Conclusion
– – Though the company is reporting repeated profits, it is not paying out dividend
– might be capitalizing the interest cost
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 40.16 and is trading at 46.5, thus bullish price action wise.
