Mehabe score: 5 G Factor: 5 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 5 and Piotski score of 6.
Description
Gujarat Poly Electronics Ltd is engaged in the manufacturing and trading of Ceramic Capacitors both Multi layer and Single layer.[1]Site:517288Main Symbol:GUJARATPOLY
Stock trades at 13.2, above its 50dma 11.45. It also trades above its 200dma 10.28. The stock remains bullish on techicals
The 52 week high is at 16.17 and the 52week low is at 5.50
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
Weakness
– Stock is trading at 29.68 times its book value
-Though the company is reporting repeated profits, it is not paying out dividend
-The company has delivered a poor sales growth of 3.37% over past five years.
-Tax rate seems low
-Debtor days have increased from 98.07 to 118.00 days.
Competition
– The industry trades at a mean P/E of 32.8x. Amber Enterp. trades at the industry’s max P/E of 91.11x. 517288 trades at a P/E of 6.34x
– Industry’s mean G-Factor is 3.1 while the mean Piotski score is 7.0. 517288 has a G-Factor of 5 and Piotski scoreof 6.
– Average 1 month return for industry is 5.2%. The max 1- month return was given by PG Electroplast: a return of 24.89 %
Quarterly Results
Sales for period ended Sep 2021 is Rs 3.85 cr compared to Rs 3.3 cr for period ended Sep 2020, a rise of 16.7%
Operating Profits reported at Rs 0.48 cr for period ended Sep 2021 vis-vis 0.18 for period ended Sep 2020 .
Operating Margins expanded 701.3 bps for period ended Sep 2021 vis-vis Sep 2020 .
The EPS for Sep 2021 was Rs 0.57 compared to Rs 0.41 for previous quarter ended Jun 2021 and Rs 0.21 for Sep 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 16.4 cr for period ended TTM vis-vis sales of Rs 13.61 cr for the period ended Mar 2021, a healthy growth of 17.0%. The 3 year sales cagr stood at -10.1%.
Operating margins expanded to 12.74% for period ended TTM vis-vis 8.23% for period ended Mar 2021, expansion of 451.0 bps.
Net Profit reported at Rs 2.09 cr for period ended TTM vis-vis sales of Rs 0.99 cr for the period ended Mar 2021, rising 52.6%.
Company reported a poor Net Profit CAGR of -27.2% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The stock has given a return of 89% on a 1 Year basis vis-vis a return of -21% over the last 3 Years. – The compounded sales growth on a TTM bassis is 42% vis-vis a compounded sales growth of -2% over the last 3 Years. – The compounded profit growth on a TTM basis is 674% vis-vis a compounded profit growth of 17% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Sep 2021 public holding stood at 40.18% vis-vis 39.55% for Jun 2021
Conclusion
– has reduced debt. – Stock is trading at 29.68 times its book value
-Though the company is reporting repeated profits, it is not paying out dividend
-The company has delivered a poor sales growth of 3.37% over past five years.
-Tax rate seems low
-Debtor days have increased from 98.07 to 118.00 days.
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 11.45 and is trading at 13.2, thus bullish price action wise.
