Mehabe score: 5 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
Time Technoplast is a multinational conglomerate involved in the manufacturing of technology and innovation driven polymer & composite products.(Source : 202003-01 Annual Report Page No:74)Site:TIMETECHNOMain Symbol:TIMETECHNO
Stock trades at 75.3, above its 50dma 74.94. It also trades above its 200dma 70.09. The stock remains bullish on techicals
The 52 week high is at 94.50 and the 52week low is at 35.50
Price Chart
P/E Chart
Sales and Margin
Strengths
– Stock is trading at 0.89 times its book value
Weakness
– The company has delivered a poor sales growth of 4.64% over past five years.
– has a low return on equity of 9.18% for last 3 years.
-Dividend payout has been low at 12.68% of profits over last 3 years
Competition
– The industry trades at a mean P/E of 23.2x. Responsive Ind trades at the industry’s max P/E of 169.34x. TIMETECHNO trades at a P/E of 11.9x
– Industry’s mean G-Factor is 4.0 while the mean Piotski score is 9.0. TIMETECHNO has a G-Factor of 4 and Piotski scoreof 6.
– Average 1 month return for industry is -2.9%. The max 1- month return was given by Prince Pipes: a return of 13.92 %
Quarterly Results
Sales for period ended Sep 2021 is Rs 915.0 cr compared to Rs 744.0 cr for period ended Sep 2020, a rise of 23.0%
Operating Profits reported at Rs 131.0 cr for period ended Sep 2021 vis-vis 92.0 for period ended Sep 2020 .
Operating Margins expanded 195.1 bps for period ended Sep 2021 vis-vis Sep 2020 .
The EPS for Sep 2021 was Rs 2.22 compared to Rs 1.26 for previous quarter ended Jun 2021 and Rs 1.08 for Sep 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 3455.0 cr for period ended TTM vis-vis sales of Rs 3005.0 cr for the period ended Mar 2021, a healthy growth of 13.0%. The 3 year sales cagr stood at -1.0%.
Operating margins expanded to 14.0% for period ended TTM vis-vis 13.0% for period ended Mar 2021, expansion of 100.0 bps.
Net Profit reported at Rs 169.0 cr for period ended TTM vis-vis sales of Rs 103.0 cr for the period ended Mar 2021, rising 39.1%.
Company reported a poor Net Profit CAGR of -5.9% 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 86% on a 1 Year basis vis-vis a return of -15% over the last 3 Years. – The compounded sales growth on a TTM bassis is 3% vis-vis a compounded sales growth of -1% over the last 3 Years. – The compounded profit growth on a TTM basis is 26% vis-vis a compounded profit growth of -17% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Sep 2021 fii holding stood at 13.37% vis-vis 14.63% for Jun 2021 – Public shareholding has remained largely constant. The Sep 2021 public holding stood at 24.29% vis-vis 22.8% for Jun 2021
Conclusion
– Stock is trading at 0.89 times its book value – The company has delivered a poor sales growth of 4.64% over past five years.
– has a low return on equity of 9.18% for last 3 years.
-Dividend payout has been low at 12.68% of profits over last 3 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 above its 50 DMA 74.94 and is trading at 75.3, thus bullish price action wise.
