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Our Rating:
Mehabe score: 4 G Factor: 7 Piotski Score: 5 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 7 and Piotski score of 5.
Description
Kanchi Karpooram is engaged in the business of manufacture and sale of Camphor and allied products.Site:538896Main Symbol:KANCHI
Stock trades at 877.0, below its 50dma 1011.62. However it is trading above its 200dma 828.7. The stock remains weak in the short term due to near term bearish momentum. However overall bullish structure remains intact. Price action will further build up as it moves above its dma50, currently situated at 1011.62.
The 52 week high is at 1365.00 and the 52week low is at 324.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is almost debt free.
– is expected to give good quarter
– has delivered good profit growth of 138.64% CAGR over last 5 years
– has a good return on equity (ROE) track record: 3 Years ROE 45.93%
Weakness
–
Competition
– The industry trades at a mean P/E of 26.7x. Pidilite Inds. trades at the industry’s max P/E of 84.49x. 538896 trades at a P/E of 5.9x
– Industry’s mean G-Factor is 3.9 while the mean Piotski score is 8.0. 538896 has a G-Factor of 7 and Piotski scoreof 5.
– Average 1 month return for industry is 6.3%. The max 1- month return was given by Gujarat Fluoroch: a return of 23.18 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 57.89 cr compared to Rs 24.44 cr for period ended Jun 2020, a rise of 136.9%
Operating Profits reported at Rs 8.76 cr for period ended Jun 2021 vis-vis 6.62 for period ended Jun 2020 .
Operating Margins contracted -1195.5 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 15.77 compared to Rs 29.79 for previous quarter ended Mar 2021 and Rs 11.23 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 218.0 cr for period ended TTM vis-vis sales of Rs 184.0 cr for the period ended Mar 2021, a healthy growth of 15.6%. The 3 year sales cagr stood at 5.1%.
Operating margins shrank to 38.0% for period ended TTM vis-vis 44.0% for period ended Mar 2021, contraction of 600.0 bps.
Net Profit reported at Rs 65.0 cr for period ended TTM vis-vis sales of Rs 63.0 cr for the period ended Mar 2021, rising 3.1%.
Company recorded a healthy Net Profit CAGR of 32.4% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 45.0 cr for period ended Mar 2021 vis-vis Rs 30.0 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 50.0% compared to 46.0% over the last 3 Years. – The stock has given a return of 161% on a 1 Year basis vis-vis a return of 43% over the last 3 Years. – The compounded sales growth on a TTM bassis is 27% vis-vis a compounded sales growth of 17% over the last 3 Years. – The compounded profit growth on a TTM basis is 186% vis-vis a compounded profit growth of 60% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 0.47% vis-vis 0.1% for Mar 2021 – Public shareholding has remained largely constant. The Jun 2021 public holding stood at 52.54% vis-vis 52.94% for Mar 2021
Conclusion
– has reduced debt.
– is almost debt free.
– is expected to give good quarter
– has delivered good profit growth of 138.64% CAGR over last 5 years
– has a good return on equity (ROE) track record: 3 Years ROE 45.93% –
