Mehabe score: 1 G Factor: 1 Piotski Score: 3 The stock has a rating OBSERVE & 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 1 and Piotski score of 3.
Description
Schablona India is engaged in the business of Designer Tiles and Transfer Sheets.Site:507894Main Symbol:SCHABLON
Stock trades at 11.9, above its 50dma 10.9. However it is trading below its 200dma 13.5. The stock remains weak though short term bullish momentum supports price action. It needs to close above 13.5 for bullish price action to continue
The 52 week high is at 12.34 and the 52week low is at 9.05
Price Chart
P/E Chart
Sales and Margin
Strengths
–
Weakness
– has low interest coverage ratio.
-The company has delivered a poor sales growth of -59.45% over past five years.
– has high debtors of 1956.40 days.
Competition
– The industry trades at a mean P/E of 48.8x. Cera Sanitary. trades at the industry’s max P/E of 58.95x. 507894 trades at a P/E of x
– Industry’s mean G-Factor is 3.2 while the mean Piotski score is 8.0. 507894 has a G-Factor of 1 and Piotski scoreof 3.
– Average 1 month return for industry is 4.8%. The max 1- month return was given by Orient Bell: a return of 17.33 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 0.07 cr compared to Rs 0.15 cr for period ended Mar 2020, a fall of 53.3%
Company reported negative operating profit of Rs -0.27 cr for period ended Mar 2021. For same period last year, operating profit was -0.27
The EPS for Mar 2021 was Rs -0.85 compared to Rs -0.89 for previous quarter ended Dec 2020 and Rs 0.22 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 0.25 cr for period ended Mar 2021 vis-vis sales of Rs 1.4 cr for the period ended Mar 2020, a fall of 460.0%. The 3 year sales cagr stood at -77.9%.
Operating margins shrank to -364.0% for period ended Mar 2021 vis-vis -57.86% for period ended Mar 2020, contraction of 30614.0 bps.
Net Profit reported at Rs -0.91 cr for period ended Mar 2021 vis-vis sales of Rs -1.82 cr for the period ended Mar 2020, rising 0%.
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The stock has given a return of -4% on a 1 Year basis vis-vis a return of -13% over the last 3 Years. – The compounded sales growth on a TTM bassis is -82% vis-vis a compounded sales growth of -78% over the last 3 Years. – The compounded profit growth on a TTM basis is 51% vis-vis a compounded profit growth of 22% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Jun 2021 public holding stood at 38.16% vis-vis 38.16% for Mar 2021
Conclusion
– – has low interest coverage ratio.
-The company has delivered a poor sales growth of -59.45% over past five years.
– has high debtors of 1956.40 days.
Fundamentally, the stock remains weak on business fundamentals. Weak near term results have dampened and questioned business drivers. We suggest to wait for a upturn in business performance.
Technically, the stock trades above its 50 DMA 10.9 and is trading at 11.9 It has shown near term bullish momentum contrary to business fundamentals. We suggest to observe price action. However as investors, who like to avoid timing the markets, we suggest to avoid the stock
