Mehabe score: 3 G Factor: 4 Piotski Score: 5 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 5.
Description
Vivid Global Industries (Formerly known as Vivid Chemicals Ltd. / Vivid Exports Ltd.), an ISO 9001 2008 Certified Company is the flagship company of the Vivid Group of Industries and is a Public Limited Company actively traded on The Bombay Stock Exchange whose name is well known in the field of Dyes and Dye-Intermediates and Speciality Chemicals for the past 43 years.Site:524576Main Symbol:VIVIDIND
Stock trades at 39.2, above its 50dma 32.62. It also trades above its 200dma 24.36. The stock remains bullish on techicals
The 52 week high is at 47.95 and the 52week low is at 12.90
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
– has been maintaining a healthy dividend payout of 17.33%
Weakness
– Debtor days have increased from 63.18 to 96.03 days.
Competition
– The industry trades at a mean P/E of 25.2x. Atul trades at the industry’s max P/E of 38.18x. 524576 trades at a P/E of 24.2x
– Industry’s mean G-Factor is 3.8 while the mean Piotski score is 7.0. 524576 has a G-Factor of 4 and Piotski scoreof 5.
– Average 1 month return for industry is 7.6%. The max 1- month return was given by Vidhi Specialty: a return of 30.94 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 12.53 cr compared to Rs 8.64 cr for period ended Jun 2020, a rise of 45.0%
Operating Profits reported at Rs 0.59 cr for period ended Jun 2021 vis-vis 0.57 for period ended Jun 2020 .
Operating Margins contracted -188.9 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 0.38 compared to Rs 0.58 for previous quarter ended Mar 2021 and Rs 0.35 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 51.95 cr for period ended TTM vis-vis sales of Rs 48.27 cr for the period ended Mar 2021, a growth of 7.1%. The 3 year sales cagr stood at -5.3%.
Operating margins shrank to 4.7% for period ended TTM vis-vis 5.41% for period ended Mar 2021, contraction of 71.0 bps.
Net Profit reported at Rs 1.52 cr for period ended TTM vis-vis sales of Rs 1.48 cr for the period ended Mar 2021, rising 2.6%.
Company reported a poor Net Profit CAGR of -23.5% 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 worsened on its Return on Equity (RoE) metric. The RoE on Last Year basis was 12.0% compared to 18.0% over the last 3 Years. – The stock has given a return of 189% 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 -18% vis-vis a compounded sales growth of 0% over the last 3 Years. – The compounded profit growth on a TTM basis is 23% vis-vis a compounded profit growth of -18% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Jun 2021 public holding stood at 50.75% vis-vis 50.75% for Mar 2021
Conclusion
– is almost debt free.
– has been maintaining a healthy dividend payout of 17.33% – Debtor days have increased from 63.18 to 96.03 days.
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 32.62 and is trading at 39.2, thus bullish price action wise.
