Mehabe score: 8 G Factor: 5 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 5 and Piotski score of 8.
Description
Ajcon Global Services is provide consulting-led integrated financial services. Stock Broking, Corporate Financial Advisory, Merchant Banking, and Investment Banking services.Site:511692Main Symbol:AJCON
Stock trades at 42.4, above its 50dma 27.2. It also trades above its 200dma 24.29. The stock remains bullish on techicals
The 52 week high is at 42.75 and the 52week low is at 14.82
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is expected to give good quarter
Weakness
– has low interest coverage ratio.
– has a low return on equity of -1.58% for last 3 years.
– might be capitalizing the interest cost
-Earnings include an other income of Rs.0.96 Cr.
Competition
– The industry trades at a mean P/E of 17.8x. Ajcon Global trades at the industry’s max P/E of 39.88x. 511692 trades at a P/E of 39.9x
– Industry’s mean G-Factor is 4.5 while the mean Piotski score is 8.0. 511692 has a G-Factor of 5 and Piotski scoreof 8.
– Average 1 month return for industry is 47.7%. The max 1- month return was given by Ajcon Global: a return of 101.67 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 6.6 cr compared to Rs 10.93 cr for period ended Mar 2020, a fall of 39.6%
Company reported negative operating profit of Rs -0.57 cr for period ended Mar 2021. For same period last year, operating profit was -1.14
The EPS for Mar 2021 was Rs 0.54 compared to Rs 0.1 for previous quarter ended Dec 2020 and Rs -2.16 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 48.0 cr for period ended Mar 2021 vis-vis sales of Rs 27.9 cr for the period ended Mar 2020, a healthy growth of 41.9%. The 3 year sales cagr stood at 79.9%.
Operating margins expanded to 4.0% for period ended Mar 2021 vis-vis -0.75% for period ended Mar 2020, expansion of 475.0 bps.
Net Profit reported at Rs 1.56 cr for period ended Mar 2021 vis-vis sales of Rs -1.55 cr for the period ended Mar 2020, rising 199.4%.
Company recorded a healthy Net Profit CAGR of 30.0% 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 8.48 cr for period ended Mar 2021 vis-vis Rs -0.72 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 4.0% compared to -2.0% over the last 3 Years. – The stock has given a return of 184% on a 1 Year basis vis-vis a return of 14% over the last 3 Years. – The compounded sales growth on a TTM bassis is 72% vis-vis a compounded sales growth of 80% over the last 3 Years. – The compounded profit growth on a TTM basis is 142% vis-vis a compounded profit growth of -3% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Jun 2021 public holding stood at 31.67% vis-vis 31.67% for Mar 2021
Conclusion
– has reduced debt.
– is expected to give good quarter – has low interest coverage ratio.
– has a low return on equity of -1.58% for last 3 years.
– might be capitalizing the interest cost
-Earnings include an other income of Rs.0.96 Cr.
