Mehabe score: 5 G Factor: 6 Piotski Score: 9 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 6 and Piotski score of 9.
Description
Jasch Industries is a leading manufacturer of Coated Textile / Synthetic Leather and Electronic Thickness Gauge.Site:500220Main Symbol:JASCH
Stock trades at 164.0, above its 50dma 119.59. It also trades above its 200dma 74.98. The stock remains bullish on techicals
The 52 week high is at 174.00 and the 52week low is at 21.10
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is almost debt free.
– has delivered good profit growth of 22.55% CAGR over last 5 years
Weakness
– Though the company is reporting repeated profits, it is not paying out dividend
-The company has delivered a poor sales growth of 6.59% over past five years.
Competition
– The industry trades at a mean P/E of 29.9x. Astral trades at the industry’s max P/E of 99.98x. 500220 trades at a P/E of 16.3x
– Industry’s mean G-Factor is 5.0 while the mean Piotski score is 9.0. 500220 has a G-Factor of 6 and Piotski scoreof 9.
– Average 1 month return for industry is 5.2%. The max 1- month return was given by Jasch Industries: a return of 20.48 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 36.69 cr compared to Rs 14.46 cr for period ended Jun 2020, a rise of 153.7%
Operating Profits reported at Rs 4.78 cr for period ended Jun 2021 vis-vis 1.39 for period ended Jun 2020 .
Operating Margins expanded 341.5 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 2.74 compared to Rs 4.35 for previous quarter ended Mar 2021 and Rs 0.56 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 156.0 cr for period ended TTM vis-vis sales of Rs 134.0 cr for the period ended Mar 2021, a healthy growth of 14.1%. The 3 year sales cagr stood at 0.9%.
Net Profit reported at Rs 14.0 cr for period ended TTM vis-vis sales of Rs 11.0 cr for the period ended Mar 2021, rising 21.4%.
Company recorded a healthy Net Profit CAGR of 20.5% 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 company has had stable/constant Return on Equity (RoE) metric. The RoE on Last Year basis was 18.0% compared to 16.0% over the last 3 Years. – The stock has given a return of 567% on a 1 Year basis vis-vis a return of 37% over the last 3 Years. – The compounded sales growth on a TTM bassis is 4% vis-vis a compounded sales growth of 0% over the last 3 Years. – The compounded profit growth on a TTM basis is 56% vis-vis a compounded profit growth of 28% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Jun 2021 public holding stood at 42.36% vis-vis 42.35% for Mar 2021
Conclusion
– has reduced debt.
– is almost debt free.
– has delivered good profit growth of 22.55% CAGR over last 5 years – Though the company is reporting repeated profits, it is not paying out dividend
-The company has delivered a poor sales growth of 6.59% over past five years.
