Mehabe score: 1 G Factor: 2 Piotski Score: 4 The stock has a rating SELL. 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 2 and Piotski score of 4.
Description
Repro India Limited is a provider of content, print and fulfillment solutions. The Company is engaged in printing of magazines and other periodicals, books and brochures, maps, atlases, posters and others.Site:REPROMain Symbol:REPRO
Stock trades at 352.0, below its 50dma 363.23 and below its 200dma 374.32. The stock remains bearish on technicals
The 52 week high is at 456.80 and the 52week low is at 325.05
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
Weakness
– has low interest coverage ratio.
-The company has delivered a poor sales growth of -18.52% over past five years.
– has a low return on equity of -0.18% for last 3 years.
– has high debtors of 210.61 days.
Competition
– The industry trades at a mean P/E of 229.8x. Navneet Educat. trades at the industry’s max P/E of 39.31x. REPRO trades at a P/E of x
– Industry’s mean G-Factor is 3.1 while the mean Piotski score is 7.0. REPRO has a G-Factor of 2 and Piotski scoreof 4.
– Average 1 month return for industry is 10.0%. The max 1- month return was given by S Chand & Compan: a return of 24.48 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 50.18 cr compared to Rs 74.28 cr for period ended Mar 2020, a fall of 32.4%
Operating Profits reported at Rs 3.07 cr for period ended Mar 2021 vis-vis 9.77 for period ended Mar 2020 .
Operating Margins contracted -703.5 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs -4.9 compared to Rs -8.27 for previous quarter ended Dec 2020 and Rs 1.43 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 138.0 cr for period ended Mar 2021 vis-vis sales of Rs 367.0 cr for the period ended Mar 2020, a fall of 165.9%. The 3 year sales cagr stood at -22.7%.
Operating margins shrank to -4.0% for period ended Mar 2021 vis-vis 12.0% for period ended Mar 2020, contraction of 1600.0 bps.
Net Profit reported at Rs -43.0 cr for period ended Mar 2021 vis-vis sales of Rs 19.0 cr for the period ended Mar 2020, falling 0%.
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 company has worsened on its Return on Equity (RoE) metric. The RoE on Last Year basis was -16.0% compared to -0.0% over the last 3 Years. – The stock has given a return of -7% on a 1 Year basis vis-vis a return of -19% over the last 3 Years. – The compounded sales growth on a TTM bassis is -62% vis-vis a compounded sales growth of -23% over the last 3 Years. – The compounded profit growth on a TTM basis is -334% vis-vis a compounded profit growth of % over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 17.76% vis-vis 17.76% for Mar 2021 – Public shareholding has remained largely constant. The Jun 2021 public holding stood at 28.14% vis-vis 28.12% for Mar 2021
Conclusion
– has reduced debt. – has low interest coverage ratio.
-The company has delivered a poor sales growth of -18.52% over past five years.
– has a low return on equity of -0.18% for last 3 years.
– has high debtors of 210.61 days.
Fundamentally, the stock remains weak. The business fundamentals are on shaky ground. Weak near term results have dampened and questioned business drivers. We suggest to wait for a upturn in business performance.
Technically, the stock reflects the poor fundamentals. The stock remains below its 50 DMA 363.23 and is trading at 352.0. It has shown near term lack of bullish momentum. We suggest to observe price action. However as investors, who like to avoid timing the markets, we suggest to avoid the stock
