Mehabe score: 7 G Factor: 8 Piotski Score: 7 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 8 and Piotski score of 7.
Description
Sahyadri Industries Ltd. was incorporated in 1947, it is a flagship company of The Patel Group, Pune. It is engaged in providing building material products for interior and exterior building systems and roofing solutions. The co. sells its products under the brand names – Swastik, Cemply and Ecopro through a network comprising over 3,000 distributors. The company also operates nine windmills in Maharashtra and Rajasthan. Registered office of the co. is in Maharashtra.
Main Points
Products
Swastik:
Roof Sheets – Swastik Roofing sheets are made from a blend of Fibre and Portland Cement. They are durable, non corrosive, fire-resistant and can also withstand extreme weather conditions.Site:532841Main Symbol:SAHYADRI
Stock trades at 627.0, above its 50dma 507.12. It also trades above its 200dma 362.65. The stock remains bullish on techicals
The 52 week high is at 668.40 and the 52week low is at 163.60
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is almost debt free.
– is expected to give good quarter
– has delivered good profit growth of 50.22% CAGR over last 5 years
-Debtor days have improved from 40.36 to 31.08 days.
Weakness
–
Competition
– The industry trades at a mean P/E of 21.8x. BIGBLOC Const. trades at the industry’s max P/E of 60.84x. 532841 trades at a P/E of 9.71x
– Industry’s mean G-Factor is 6.0 while the mean Piotski score is 8.0. 532841 has a G-Factor of 8 and Piotski scoreof 7.
– Average 1 month return for industry is 11.3%. The max 1- month return was given by Ramco Inds.: a return of 19.68 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 195.0 cr compared to Rs 147.0 cr for period ended Jun 2020, a rise of 32.7%
Operating Profits reported at Rs 46.0 cr for period ended Jun 2021 vis-vis 35.0 for period ended Jun 2020 .
Operating Margins contracted -22.0 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 34.08 compared to Rs 17.73 for previous quarter ended Mar 2021 and Rs 24.67 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 520.0 cr for period ended TTM vis-vis sales of Rs 472.0 cr for the period ended Mar 2021, a growth of 9.2%. The 3 year sales cagr stood at 21.9%.
Operating margins expanded to 20.0% for period ended TTM vis-vis 19.0% for period ended Mar 2021, expansion of 100.0 bps.
Net Profit reported at Rs 71.0 cr for period ended TTM vis-vis sales of Rs 62.0 cr for the period ended Mar 2021, rising 12.7%.
Company recorded a healthy Net Profit CAGR of 30.4% 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 50.0 cr for period ended Mar 2021 vis-vis Rs 33.0 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 improved its Return on Equity (RoE) metric. The RoE on Last Year basis was 29.0% compared to 22.0% over the last 3 Years. – The stock has given a return of 270% on a 1 Year basis vis-vis a return of 48% over the last 3 Years. – The compounded sales growth on a TTM bassis is 65% vis-vis a compounded sales growth of 21% over the last 3 Years. – The compounded profit growth on a TTM basis is 132% vis-vis a compounded profit growth of 40% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Jun 2021 public holding stood at 33.05% vis-vis 33.05% for Mar 2021
Conclusion
– has reduced debt.
– is almost debt free.
– is expected to give good quarter
– has delivered good profit growth of 50.22% CAGR over last 5 years
-Debtor days have improved from 40.36 to 31.08 days. –
