Mehabe score: 4 G Factor: 4 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 4 and Piotski score of 5.
Description
Mold-Tek Technologies is engaged in providing Civil & Mechanical Engineering Services.Site:MOLDTECHMain Symbol:MOLDTEK
Stock trades at 95.8, above its 50dma 72.01. It also trades above its 200dma 54.1. The stock remains bullish on techicals
The 52 week high is at 108.00 and the 52week low is at 31.60
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
– has been maintaining a healthy dividend payout of 36.99%
Weakness
– Promoter holding has decreased over last quarter: -0.96%
-The company has delivered a poor sales growth of 9.40% over past five years.
-Earnings include an other income of Rs.5.12 Cr.
Competition
– The industry trades at a mean P/E of 25.3x. MTAR Technologie trades at the industry’s max P/E of 99.87x. MOLDTECH trades at a P/E of 26.8x
– Industry’s mean G-Factor is 3.6 while the mean Piotski score is 8.0. MOLDTECH has a G-Factor of 4 and Piotski scoreof 5.
– Average 1 month return for industry is 26.9%. The max 1- month return was given by Mold-Tek Technol: a return of 60.65 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 22.64 cr compared to Rs 20.15 cr for period ended Jun 2020, a rise of 12.4%
Operating Profits reported at Rs 5.5 cr for period ended Jun 2021 vis-vis 3.0 for period ended Jun 2020 .
Operating Margins expanded 940.5 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 1.16 compared to Rs 1.31 for previous quarter ended Mar 2021 and Rs 0.74 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 85.0 cr for period ended TTM vis-vis sales of Rs 83.0 cr for the period ended Mar 2021, a growth of 2.4%. The 3 year sales cagr stood at -1.5%.
Operating margins expanded to 20.0% for period ended TTM vis-vis 17.0% for period ended Mar 2021, expansion of 300.0 bps.
Net Profit reported at Rs 11.0 cr for period ended TTM vis-vis sales of Rs 10.0 cr for the period ended Mar 2021, rising 9.1%.
Company reported a poor Net Profit CAGR of -2.9% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The stock has given a return of 170% on a 1 Year basis vis-vis a return of 33% over the last 3 Years. – The compounded sales growth on a TTM bassis is -18% vis-vis a compounded sales growth of 4% over the last 3 Years. – The compounded profit growth on a TTM basis is -7% vis-vis a compounded profit growth of 22% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 0.02% vis-vis 0.0% for Mar 2021 – Public shareholding has remained largely constant. The Jun 2021 public holding stood at 51.7% vis-vis 50.75% for Mar 2021
Conclusion
– is almost debt free.
– has been maintaining a healthy dividend payout of 36.99% – Promoter holding has decreased over last quarter: -0.96%
-The company has delivered a poor sales growth of 9.40% over past five years.
-Earnings include an other income of Rs.5.12 Cr.
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 72.01 and is trading at 95.8, thus bullish price action wise.
