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Our Rating: HOLD
Mehabe score: 2
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
Gujarat Intrux is engaged in the business of Manufacturing and supply of stainless steel, Non- Alloy Steel and alloy steel Castings.
Site: GUJINTRX
Main Symbol: GUJINTRX
Price Chart
Market Cap: | Rs 40.9 cr | Price: | 119.0 | Trading pe: | 13.8x |
Book-value: | 150/share | Div yield: | 2.52 % | Earning yield: | 4.27% |
Face-value: | 10.0/share | 52week high: | 786.65 | 52week low: | 357.00 |
Technical Analysis
- Stock trades at 119.0, below its 50dma 667.4 and below its 200dma 616.9. The stock remains bearish on technicals
- The 52 week high is at 786.65 and the 52week low is at 357.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
-Stock is trading at 0.79 times its book value
– has been maintaining a healthy dividend payout of 21.29%
-Debtor days have improved from 86.62 to 68.43 days.
Weakness
– The company has delivered a poor sales growth of -4.11% over past five years.
– has a low return on equity of 9.37% for last 3 years.
Competition
– The industry trades at a mean P/E of 14.9x. Apollo Tricoat trades at the industry’s max P/E of 31.34x. GUJINTRX trades at a P/E of 13.8x
– Industry’s mean G-Factor is 5.1 while the mean Piotski score is 9.0. GUJINTRX has a G-Factor of 4 and Piotski scoreof 6.
– Average 1 month return for industry is -0.3%. The max 1- month return was given by Godawari Power: a return of 9.58 %
Quarterly Results
- Sales for period ended Dec 2021 is Rs 11.38 cr compared to Rs 9.04 cr for period ended Dec 2020, a rise of 25.9% .
- Operating Margins contracted -528.7 bps for period ended Dec 2021 vis-vis Dec 2020.
- Company reported operating profit of Rs 1.06 cr for period ended Dec 2021 and operating profit margin at 9.3 % for same period.
- The EPS for quarter ended Dec 2021 is Rs 1.8 compared to Rs 2.47 for previous quarter ended Sep 2021 and Rs 2.74 for Dec 2020.
vis-vis 1.32 for period ended Dec 2020 .
Profit & Loss Statement
Profit&Loss Comments
- Company reported sales of Rs 37.26 cr for period ended TTM vis-vis sales of Rs 33.71 cr for the period ended Mar 2021, a growth of 9.5%. The 3 year sales cagr stood at -2.1%.
- Operating margins shrank to 11.65% for period ended TTM vis-vis 16.85% for period ended Mar 2021, contraction of 520.0 bps.
- Net Profit reported at Rs 2.63 cr for period ended TTM vis-vis sales of Rs 3.87 cr for the period ended Mar 2021, falling 47.1%.
- Company reported a poor Net Profit CAGR of -15.8% 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 6.12 cr for period ended Mar 2021 vis-vis Rs 3.99 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 8.0% compared to 9.0% over the last 3 Years.
– The stock has given a return of 14% 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 -15% vis-vis a compounded sales growth of -2% over the last 3 Years.
– The compounded profit growth on a TTM basis is -34% vis-vis a compounded profit growth of 4% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Dec 2021 public holding stood at 42.39% vis-vis 42.39% for Sep 2021
Conclusion
– is almost debt free.
-Stock is trading at 0.79 times its book value
– has been maintaining a healthy dividend payout of 21.29%
-Debtor days have improved from 86.62 to 68.43 days. – The company has delivered a poor sales growth of -4.11% over past five years.
– has a low return on equity of 9.37% for 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 below its 50 DMA 667.4 and is trading at 119.0. Shows a near term lack of buying interest.
- Thus, overall we retain a HOLD on the stock.
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