Mehabe score: 2 G Factor: 6 Piotski Score: 6 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 6 and Piotski score of 6. Site:541444Main Symbol:PALMJEWELS
Stock trades at 22.0, below its 50dma 32.05 and below its 200dma 41.97. The stock remains bearish on technicals
The 52 week high is at 84.45 and the 52week low is at 21.50
Price Chart
P/E Chart
Sales and Margin
Strengths
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Weakness
– Though the company is reporting repeated profits, it is not paying out dividend
– has a low return on equity of 0.95% for last 3 years.
– might be capitalizing the interest cost
Competition
– The industry trades at a mean P/E of 45.5x. Adani Enterp. trades at the industry’s max P/E of 130.28x. 541444 trades at a P/E of 110.0x
– Industry’s mean G-Factor is 3.9 while the mean Piotski score is 7.0. 541444 has a G-Factor of 6 and Piotski scoreof 6.
– Average 1 month return for industry is -0.3%. The max 1- month return was given by PTC India: a return of 34.11 %
Quarterly Results
Sales for period ended Sep 2021 is Rs 28.09 cr compared to Rs 18.32 cr for period ended Sep 2020, a rise of 53.3%
Operating Profits reported at Rs 0.02 cr for period ended Sep 2021 vis-vis 0.49 for period ended Sep 2020 .
Operating Margins contracted -260.3 bps for period ended Sep 2021 vis-vis Sep 2020 .
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 129.0 cr for period ended TTM vis-vis sales of Rs 78.0 cr for the period ended Mar 2021, a healthy growth of 39.5%. The 3 year sales cagr stood at 45.4%.
Net Profit reported at Rs 0.0 cr for period ended TTM vis-vis sales of Rs 0.0 cr for the period ended Mar 2021,
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The company has had stable/constant Return on Equity (RoE) metric. The RoE on Last Year basis was 1.0% compared to 1.0% over the last 3 Years. – The stock has given a return of -24% on a 1 Year basis vis-vis a return of 0% over the last 3 Years. – The compounded sales growth on a TTM bassis is 65% vis-vis a compounded sales growth of 54% over the last 3 Years. – The compounded profit growth on a TTM basis is 233% vis-vis a compounded profit growth of 31% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Sep 2021 public holding stood at 43.86% vis-vis 43.86% for Jun 2021
Conclusion
– – Though the company is reporting repeated profits, it is not paying out dividend
– has a low return on equity of 0.95% for last 3 years.
– might be capitalizing the interest cost
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 below its 50 DMA 32.05 and is trading at 22.0. Shows a near term lack of buying interest.
