Mehabe score: 2 G Factor: 1 Piotski Score: 0 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 0. Site:JISLDVREQSMain Symbol:JISLDVREQS
Stock trades at 23.3, above its 50dma 20.82. It also trades above its 200dma 16.81. The stock remains bullish on techicals
The 52 week high is at 25.70 and the 52week low is at 9.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– Stock is trading at 0.02 times its book value
Weakness
– Promoter holding is low: 30.37%
Competition
– The industry trades at a mean P/E of 24.5x. Responsive Ind trades at the industry’s max P/E of 116.44x. JISLDVREQS trades at a P/E of x
– Industry’s mean G-Factor is 3.4 while the mean Piotski score is 9.0. JISLDVREQS has a G-Factor of 1 and Piotski scoreof 0.
– Average 1 month return for industry is 13.3%. The max 1- month return was given by Finolex Inds.: a return of 31.26 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 697.0 cr compared to Rs 806.0 cr for period ended Sep 2013, a fall of 13.5%
Operating Profits reported at Rs 91.0 cr for period ended Jun 2021 vis-vis 38.0 for period ended Sep 2013 .
Operating Margins expanded 834.1 bps for period ended Jun 2021 vis-vis Sep 2013 .
The EPS for Jun 2021 was Rs -8.52 compared to Rs 10.58 for previous quarter ended Jun 2015 and Rs -33.7 for Sep 2013
Profit & Loss Statement
Profit&Loss Comments
Balance Sheet Statement
Cash Flow Statement
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The stock has given a return of 117% on a 1 Year basis vis-vis a return of -18% over the last 3 Years. – The compounded sales growth on a TTM bassis is % vis-vis a compounded sales growth of % over the last 3 Years. – The compounded profit growth on a TTM basis is % vis-vis a compounded profit growth of % over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 0.0% vis-vis 0.0% for Mar 2021 – Public shareholding has remained largely constant. The Jun 2021 public holding stood at 69.62% vis-vis 69.62% for Mar 2021
Conclusion
– Stock is trading at 0.02 times its book value – Promoter holding is low: 30.37%
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 20.82 and is trading at 23.3 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
