Mehabe score: 1 G Factor: 4 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 4 and Piotski score of 6.
Description
T & I Global Ltd was established in 1949. It is a manufacturer and exporter of Tea Processing Machinery with the expertise to supply customised processing equipment for CTC (crush, tear and curl), Orthodox & Green Tea. The group has launched Customized Drying Solutions for the food and chemical industries.[1]Site:522294Main Symbol:TIGLOB
Stock trades at 132.0, below its 50dma 132.95. However it is trading above its 200dma 118.71. The stock remains weak in the short term due to near term bearish momentum. However overall bullish structure remains intact. Price action will further build up as it moves above its dma50, currently situated at 132.95.
The 52 week high is at 161.85 and the 52week low is at 82.50
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is almost debt free.
– has delivered good profit growth of 52.17% CAGR over last 5 years
Weakness
– Though the company is reporting repeated profits, it is not paying out dividend
-The company has delivered a poor sales growth of 0.13% over past five years.
Competition
– The industry trades at a mean P/E of 43.9x. Adani Enterp. trades at the industry’s max P/E of 142.12x. 522294 trades at a P/E of 8.61x
– Industry’s mean G-Factor is 4.0 while the mean Piotski score is 7.0. 522294 has a G-Factor of 4 and Piotski scoreof 6.
– Average 1 month return for industry is -3.6%. The max 1- month return was given by PTC India: a return of 9.42 %
Quarterly Results
Sales for period ended Sep 2021 is Rs 35.26 cr compared to Rs 24.76 cr for period ended Sep 2020, a rise of 42.4%
Operating Profits reported at Rs 2.66 cr for period ended Sep 2021 vis-vis 3.53 for period ended Sep 2020 .
Operating Margins contracted -671.3 bps for period ended Sep 2021 vis-vis Sep 2020 .
The EPS for Sep 2021 was Rs 4.68 compared to Rs 7.4 for previous quarter ended Jun 2021 and Rs 7.46 for Sep 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 109.0 cr for period ended TTM vis-vis sales of Rs 102.0 cr for the period ended Mar 2021, a growth of 6.4%. The 3 year sales cagr stood at -6.2%.
Operating margins shrank to 11.0% for period ended TTM vis-vis 13.0% for period ended Mar 2021, contraction of 200.0 bps.
Net Profit reported at Rs 8.0 cr for period ended TTM vis-vis sales of Rs 10.0 cr for the period ended Mar 2021, falling 25.0%.
Company recorded a Net Profit CAGR of 4.6% 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 company has worsened on its Return on Equity (RoE) metric. The RoE on Last Year basis was 20.0% compared to 24.0% over the last 3 Years. – The stock has given a return of 40% 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 18% vis-vis a compounded sales growth of -4% over the last 3 Years. – The compounded profit growth on a TTM basis is -31% vis-vis a compounded profit growth of 34% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Sep 2021 public holding stood at 46.7% vis-vis 46.7% for Jun 2021
Conclusion
– has reduced debt.
– is almost debt free.
– has delivered good profit growth of 52.17% CAGR over last 5 years – Though the company is reporting repeated profits, it is not paying out dividend
-The company has delivered a poor sales growth of 0.13% over past five years.
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 132.95 and is trading at 132.0. Shows a near term lack of buying interest.
