Mehabe score: 8 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
Borosil Renewables is engaged in the business of manufacturing of extra clear patterned glass and Low Iron Solar Glass for application in Photovoltaic panels, Flat plate collectors and Green houses.(Source : 202003-01 Annual Report Page No:188)Site:BORORENEWMain Symbol:BORORENEW
Stock trades at 470.0, above its 50dma 301.29. It also trades above its 200dma 256.8. The stock remains bullish on techicals
The 52 week high is at 350.20 and the 52week low is at 72.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
– is expected to give good quarter
– has delivered good profit growth of 25.44% CAGR over last 5 years
Weakness
– Stock is trading at 9.97 times its book value
-Though the company is reporting repeated profits, it is not paying out dividend
– has a low return on equity of 9.96% for last 3 years.
-Promoter holding has decreased over last 3 years: -11.11%
Competition
– The industry trades at a mean P/E of 36.0x. Borosil trades at the industry’s max P/E of 71.48x. BORORENEW trades at a P/E of 46.7x
– Industry’s mean G-Factor is 3.0 while the mean Piotski score is 8.0. BORORENEW has a G-Factor of 4 and Piotski scoreof 8.
– Average 1 month return for industry is 11.1%. The max 1- month return was given by Borosil Renew.: a return of 52.98 %
Quarterly Results
Sales for period ended Sep 2021 is Rs 161.0 cr compared to Rs 114.0 cr for period ended Sep 2020, a rise of 41.2%
Operating Profits reported at Rs 54.0 cr for period ended Sep 2021 vis-vis 32.0 for period ended Sep 2020 .
Operating Margins expanded 547.0 bps for period ended Sep 2021 vis-vis Sep 2020 .
The EPS for Sep 2021 was Rs 2.62 compared to Rs 3.04 for previous quarter ended Jun 2021 and Rs 1.23 for Sep 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 631.0 cr for period ended TTM vis-vis sales of Rs 502.0 cr for the period ended Mar 2021, a healthy growth of 20.4%. The 3 year sales cagr stood at 42.7%.
Operating margins expanded to 43.0% for period ended TTM vis-vis 39.0% for period ended Mar 2021, expansion of 400.0 bps.
Net Profit reported at Rs 151.0 cr for period ended TTM vis-vis sales of Rs 90.0 cr for the period ended Mar 2021, rising 40.4%.
Company recorded a healthy Net Profit CAGR of 48.6% 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 161.0 cr for period ended Mar 2021 vis-vis Rs 26.0 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 19.0% compared to 10.0% over the last 3 Years. – The stock has given a return of 356% on a 1 Year basis vis-vis a return of 91% over the last 3 Years. – The compounded sales growth on a TTM bassis is 108% vis-vis a compounded sales growth of 19% over the last 3 Years. – The compounded profit growth on a TTM basis is 15348% vis-vis a compounded profit growth of 28% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Sep 2021 fii holding stood at 5.03% vis-vis 5.26% for Jun 2021 – Public shareholding has remained largely constant. The Sep 2021 public holding stood at 33.18% vis-vis 32.92% for Jun 2021
Conclusion
– is almost debt free.
– is expected to give good quarter
– has delivered good profit growth of 25.44% CAGR over last 5 years – Stock is trading at 9.97 times its book value
-Though the company is reporting repeated profits, it is not paying out dividend
– has a low return on equity of 9.96% for last 3 years.
-Promoter holding has decreased over last 3 years: -11.11%
