Mehabe score: 3 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
ETT is primarily engaged in the business of development and management of Software Technology Centers, Multimedia Houses, Information Technology Parks and other related activities.Site:537707Main Symbol:ETT
Stock trades at 24.0, below its 50dma 33.02 and below its 200dma 35.38. The stock remains bearish on technicals
The 52 week high is at 65.00 and the 52week low is at 23.45
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
-Stock is trading at 0.96 times its book value
Weakness
– has low interest coverage ratio.
-The company has delivered a poor sales growth of -6.43% over past five years.
– has a low return on equity of -5.27% for last 3 years.
-Earnings include an other income of Rs.0.63 Cr.
Competition
– The industry trades at a mean P/E of 21.0x. ETT Ltd trades at the industry’s max P/E of 622.0x. 537707 trades at a P/E of 622.0x
– Industry’s mean G-Factor is 4.0 while the mean Piotski score is 8.0. 537707 has a G-Factor of 4 and Piotski scoreof 8.
– Average 1 month return for industry is -12.4%. The max 1- month return was given by J Kumar Infra: a return of 5.48 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 0.75 cr compared to Rs 0.68 cr for period ended Jun 2020, a rise of 10.3%
Operating Profits reported at Rs 0.39 cr for period ended Jun 2021 vis-vis 0.33 for period ended Jun 2020 .
Operating Margins expanded 347.1 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs -0.01 compared to Rs -0.08 for previous quarter ended Mar 2021 and Rs 0.13 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 2.96 cr for period ended TTM vis-vis sales of Rs 2.89 cr for the period ended Mar 2021, a growth of 2.4%. The 3 year sales cagr stood at 0.5%.
Operating margins expanded to 48.99% for period ended TTM vis-vis 48.1% for period ended Mar 2021, expansion of 89.0 bps.
Net Profit reported at Rs -0.1 cr for period ended TTM vis-vis sales of Rs 0.04 cr for the period ended Mar 2021, falling 0%.
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 2.36 cr for period ended Mar 2021 vis-vis Rs 2.16 cr for period ended Mar 2020
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 0.0% compared to -5.0% over the last 3 Years. – The stock has given a return of -45% on a 1 Year basis vis-vis a return of -11% over the last 3 Years. – The compounded sales growth on a TTM bassis is -5% vis-vis a compounded sales growth of 1% over the last 3 Years. – The compounded profit growth on a TTM basis is 104% vis-vis a compounded profit growth of 26% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Jun 2021 public holding stood at 29.91% vis-vis 29.91% for Mar 2021
Conclusion
– has reduced debt.
-Stock is trading at 0.96 times its book value – has low interest coverage ratio.
-The company has delivered a poor sales growth of -6.43% over past five years.
– has a low return on equity of -5.27% for last 3 years.
-Earnings include an other income of Rs.0.63 Cr.
