Mehabe score: 4 G Factor: 5 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 5 and Piotski score of 8.
Description
Shiva Global Agro Industries Limited is an agriculture company. The Company is engaged in the manufacture and trading of farm inputs. Site:SHIVAAGRO Main Symbol:SHIVAAGRO
Stock trades at 88.8, below its 50dma 225.01 and below its 200dma 195.4. The stock remains bearish on technicals
The 52 week high is at 289.90 and the 52week low is at 120.50
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
-Stock is trading at 0.90 times its book value
-Debtor days have improved from 54.85 to 41.61 days.
Weakness
– The company has delivered a poor sales growth of 4.75% over past five years.
– has a low return on equity of 7.97% for last 3 years.
Competition
– The industry trades at a mean P/E of 12.5x. Natl.Fertilizer trades at the industry’s max P/E of 27.28x. SHIVAAGRO trades at a P/E of 6.73x
– Industry’s mean G-Factor is 4.8 while the mean Piotski score is 8.0. SHIVAAGRO has a G-Factor of 5 and Piotski scoreof 8.
– Average 1 month return for industry is 12.2%. The max 1- month return was given by Shiva Global: a return of 27.7 %
Quarterly Results
Sales for period ended Dec 2021 is Rs 188.17 cr compared to Rs 150.18 cr for period ended Dec 2020, a rise of 25.3% .
vis-vis 3.55 for period ended Dec 2020 .
Operating Margins expanded 1.2 bps for period ended Dec 2021 vis-vis Dec 2020.
Company reported operating profit of Rs 4.47 cr for period ended Dec 2021 and operating profit margin at 2.4 % for same period.
The EPS for quarter ended Dec 2021 is Rs 1.49 compared to Rs 3.45 for previous quarter ended Sep 2021 and Rs 0.9 for Dec 2020.
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 615.0 cr for period ended TTM vis-vis sales of Rs 573.0 cr for the period ended Mar 2021, a growth of 6.8%. The 3 year sales cagr stood at 7.1%.
Operating margins expanded to 5.0% for period ended TTM vis-vis 4.0% for period ended Mar 2021, expansion of 100.0 bps.
Net Profit reported at Rs 13.0 cr for period ended TTM vis-vis sales of Rs 8.0 cr for the period ended Mar 2021, rising 38.5%.
Company recorded a healthy Net Profit CAGR of 48.1% 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 40.0 cr for period ended Mar 2021 vis-vis Rs -5.0 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 had stable/constant Return on Equity (RoE) metric. The RoE on Last Year basis was 9.0% compared to 8.0% over the last 3 Years. – The stock has given a return of 122% on a 1 Year basis vis-vis a return of 32% over the last 3 Years. – The compounded sales growth on a TTM bassis is 21% vis-vis a compounded sales growth of 9% over the last 3 Years. – The compounded profit growth on a TTM basis is 108% vis-vis a compounded profit growth of 16% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Sep 2021 public holding stood at 41.58% vis-vis 41.58% for Jun 2021
Conclusion
– has reduced debt.
-Stock is trading at 0.90 times its book value
-Debtor days have improved from 54.85 to 41.61 days. – The company has delivered a poor sales growth of 4.75% over past five years.
– has a low return on equity of 7.97% for last 3 years.
