Mehabe score: 8 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
RPEL is engaged in the manufacturing of quartz based ramming mass, quartz powder and tundish board. It sells its products
under the brand name of “Raghav”. We are a company that is blindly trusted by customers who require to use our offerings as refractory material in induction furnace.Site:539837Main Symbol:RPEL
Stock trades at 786.0, above its 50dma 725.84. It also trades above its 200dma 477.87. The stock remains bullish on techicals
The 52 week high is at 1008.50 and the 52week low is at 116.85
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is almost debt free.
– is expected to give good quarter
Weakness
– Stock is trading at 13.13 times its book value
-The company has delivered a poor sales growth of 6.89% over past five years.
-Promoter holding has decreased over last 3 years: -3.65%
Competition
– The industry trades at a mean P/E of 14.6x. Raghav Product. trades at the industry’s max P/E of 54.95x. 539837 trades at a P/E of 55.0x
– Industry’s mean G-Factor is 5.0 while the mean Piotski score is 9.0. 539837 has a G-Factor of 4 and Piotski scoreof 5.
– Average 1 month return for industry is 7.8%. The max 1- month return was given by Mah. Seamless: a return of 43.34 %
Quarterly Results
Sales for period ended Sep 2021 is Rs 23.88 cr compared to Rs 14.9 cr for period ended Sep 2020, a rise of 60.3%
Operating Profits reported at Rs 5.69 cr for period ended Sep 2021 vis-vis 3.38 for period ended Sep 2020 .
Operating Margins expanded 114.3 bps for period ended Sep 2021 vis-vis Sep 2020 .
The EPS for Sep 2021 was Rs 4.18 compared to Rs 3.94 for previous quarter ended Jun 2021 and Rs 1.89 for Sep 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 85.0 cr for period ended TTM vis-vis sales of Rs 65.0 cr for the period ended Mar 2021, a healthy growth of 23.5%. The 3 year sales cagr stood at 14.9%.
Operating margins expanded to 25.0% for period ended TTM vis-vis 23.0% for period ended Mar 2021, expansion of 200.0 bps.
Net Profit reported at Rs 16.0 cr for period ended TTM vis-vis sales of Rs 9.0 cr for the period ended Mar 2021, rising 43.8%.
Company recorded a healthy Net Profit CAGR of 26.0% 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 11.0 cr for period ended Mar 2021 vis-vis Rs 8.0 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 worsened on its Return on Equity (RoE) metric. The RoE on Last Year basis was 17.0% compared to 22.0% over the last 3 Years. – The stock has given a return of 402% on a 1 Year basis vis-vis a return of 95% over the last 3 Years. – The compounded sales growth on a TTM bassis is 49% vis-vis a compounded sales growth of 11% over the last 3 Years. – The compounded profit growth on a TTM basis is 127% vis-vis a compounded profit growth of 16% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Sep 2021 fii holding stood at 0.0% vis-vis 0.0% for Jun 2021 – Public shareholding has remained largely constant. The Sep 2021 public holding stood at 30.39% vis-vis 30.39% for Jun 2021
Conclusion
– has reduced debt.
– is almost debt free.
– is expected to give good quarter – Stock is trading at 13.13 times its book value
-The company has delivered a poor sales growth of 6.89% over past five years.
-Promoter holding has decreased over last 3 years: -3.65%
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 725.84 and is trading at 786.0, thus bullish price action wise.
