Mehabe score: 5 G Factor: 4 Piotski Score: 7 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 7.
Description
Coral India Finance & Housing Ltd is primarily engaged in two segments: Business of construction, development & maintenance of properties and Investment.#
Main Points
Construction Segment
The company is involved in the business of construction, development & maintenance of properties.
It has completed 2 projects till date :-#Site:CORALFINACMain Symbol:CORALFINAC
Stock trades at 51.8, above its 50dma 43.36. It also trades above its 200dma 30.27. The stock remains bullish on techicals
The 52 week high is at 58.75 and the 52week low is at 16.60
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
– is expected to give good quarter
Weakness
– The company has delivered a poor sales growth of 11.49% over past five years.
– has a low return on equity of 7.68% for last 3 years.
-Dividend payout has been low at 13.38% of profits over last 3 years
Competition
– The industry trades at a mean P/E of 28.2x. AAVAS Financiers trades at the industry’s max P/E of 66.15x. CORALFINAC trades at a P/E of 16.1x
– Industry’s mean G-Factor is 4.2 while the mean Piotski score is 8.0. CORALFINAC has a G-Factor of 4 and Piotski scoreof 7.
– Average 1 month return for industry is -2.2%. The max 1- month return was given by Coral India Fin.: a return of 10.45 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 5.58 cr compared to Rs 5.63 cr for period ended Jun 2020, a fall of 0.9%
Operating Profits reported at Rs 4.41 cr for period ended Jun 2021 vis-vis 5.17 for period ended Jun 2020 .
Operating Margins contracted -1279.7 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 0.99 compared to Rs 0.94 for previous quarter ended Mar 2021 and Rs 0.8 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 20.0 cr for period ended TTM vis-vis sales of Rs 20.0 cr for the period ended Mar 2021, The 3 year sales cagr stood at 10.1%.
Operating margins shrank to 75.0% for period ended TTM vis-vis 79.0% for period ended Mar 2021, contraction of 400.0 bps.
Net Profit reported at Rs 14.0 cr for period ended TTM vis-vis sales of Rs 13.0 cr for the period ended Mar 2021, rising 7.1%.
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 stock has given a return of 187% on a 1 Year basis vis-vis a return of 35% over the last 3 Years. – The compounded sales growth on a TTM bassis is 53% vis-vis a compounded sales growth of -4% over the last 3 Years. – The compounded profit growth on a TTM basis is 62% vis-vis a compounded profit growth of -1% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 0.37% vis-vis 0.46% for Mar 2021 – Public shareholding has risen for the period ended Jun 2021. The Jun 2021 public holding stood at 24.63% vis-vis 19.91% for Mar 2021
Conclusion
– is almost debt free.
– is expected to give good quarter – The company has delivered a poor sales growth of 11.49% over past five years.
– has a low return on equity of 7.68% for last 3 years.
-Dividend payout has been low at 13.38% of profits over last 3 years
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 43.36 and is trading at 51.8, thus bullish price action wise.
