Mehabe score: 5 G Factor: 4 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 4 and Piotski score of 8.
Description
Talbros Engineering Ltd is engaged in manufacturing of Axle Shafts. The company caters to both international and domestic market.#
Main Points
Product Portfolio
The company is in the business of manufacturing different kinds of axle shafts. Its product range includes light, medium, heavy duty axel shafts, off-highway, tandem, straight, front, assembled axel shafts and also produces spindle shafts for customers.# Axle shafts account for 100% revenues of the company.Site:538987Main Symbol:TALBROSENG
Stock trades at 269.0, above its 50dma 230.88. It also trades above its 200dma 169.13. The stock remains bullish on techicals
The 52 week high is at 299.00 and the 52week low is at 65.05
Price Chart
P/E Chart
Sales and Margin
Strengths
– is expected to give good quarter
Weakness
– The company has delivered a poor sales growth of 11.41% over past five years.
– has a low return on equity of 12.46% for last 3 years.
Competition
– The industry trades at a mean P/E of 29.6x. Minda Industries trades at the industry’s max P/E of 98.79x. 538987 trades at a P/E of 12.8x
– Industry’s mean G-Factor is 3.8 while the mean Piotski score is 8.0. 538987 has a G-Factor of 4 and Piotski scoreof 8.
– Average 1 month return for industry is 3.4%. The max 1- month return was given by Minda Industries: a return of 16.09 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 67.38 cr compared to Rs 15.85 cr for period ended Jun 2020, a rise of 325.1%
Operating Profits reported at Rs 8.08 cr for period ended Jun 2021 vis-vis 1.89 for period ended Jun 2020 .
Operating Margins expanded 6.7 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 6.4 compared to Rs 9.34 for previous quarter ended Mar 2021 and Rs -1.85 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 290.0 cr for period ended TTM vis-vis sales of Rs 239.0 cr for the period ended Mar 2021, a healthy growth of 17.6%. The 3 year sales cagr stood at 2.5%.
Net Profit reported at Rs 15.0 cr for period ended TTM vis-vis sales of Rs 11.0 cr for the period ended Mar 2021, rising 26.7%.
Company recorded a healthy Net Profit CAGR of 28.9% 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 improved its Return on Equity (RoE) metric. The RoE on Last Year basis was 16.0% compared to 12.0% over the last 3 Years. – The stock has given a return of 287% on a 1 Year basis vis-vis a return of 3% over the last 3 Years. – The compounded sales growth on a TTM bassis is 10% vis-vis a compounded sales growth of 5% over the last 3 Years. – The compounded profit growth on a TTM basis is 164% vis-vis a compounded profit growth of 6% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Jun 2021 public holding stood at 27.09% vis-vis 26.58% for Mar 2021
Conclusion
– is expected to give good quarter – The company has delivered a poor sales growth of 11.41% over past five years.
– has a low return on equity of 12.46% for last 3 years.
