Mehabe score: 5 G Factor: 4 Piotski Score: 5 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 5.
Description
Bansal Roofing Products is engaged in the business of manufacturing and selling of Colour coated roof sheets, FRP roof sheets, Polycarbonate sheets, Turbo Ventilators, PEB (Pre-Engineering Building) and other miscellaneous Roofing Accessories.(Source : 201903 Annual Report Page No:51) Site:BRPL Main Symbol:BRPL
Stock trades at 65.7, above its 50dma 57.76. It also trades above its 200dma 36.93. The stock remains bullish on techicals
The 52 week high is at 69.40 and the 52week low is at 11.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
Weakness
–
Competition
– The industry trades at a mean P/E of 13.9x. Bansal Roofing trades at the industry’s max P/E of 38.32x. BRPL trades at a P/E of 38.3x
– Industry’s mean G-Factor is 5.2 while the mean Piotski score is 9.0. BRPL has a G-Factor of 4 and Piotski scoreof 5.
– Average 1 month return for industry is 6.8%. The max 1- month return was given by Godawari Power: a return of 27.91 %
Quarterly Results
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Company reported operating profit of Rs 1.05 cr for period ended Dec 2021 and operating profit margin at 8.6 % for same period.
The EPS for quarter ended Dec 2021 is Rs 0.57 compared to Rs 0.39 for previous quarter ended Sep 2021.
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 41.5 cr for period ended Mar 2021 vis-vis sales of Rs 41.04 cr for the period ended Mar 2020, a growth of 1.1%. The 3 year sales cagr stood at 8.4%.
Operating margins shrank to 7.93% for period ended Mar 2021 vis-vis 7.99% for period ended Mar 2020, contraction of 6.0 bps.
Net Profit reported at Rs 2.23 cr for period ended Mar 2021 vis-vis sales of Rs 2.24 cr for the period ended Mar 2020, falling 0.4%.
Company recorded a healthy Net Profit CAGR of 27.3% 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 3.72 cr for period ended Mar 2021 vis-vis Rs 0.03 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 15.0% compared to 17.0% over the last 3 Years. – The stock has given a return of 401% on a 1 Year basis vis-vis a return of 83% over the last 3 Years. – The compounded sales growth on a TTM bassis is 1% vis-vis a compounded sales growth of 8% over the last 3 Years. – The compounded profit growth on a TTM basis is -1% vis-vis a compounded profit growth of 25% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Dec 2021 public holding stood at 26.75% vis-vis 26.74% for Sep 2021
Conclusion
– is almost debt free. –
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 57.76 and is trading at 65.7, thus bullish price action wise.
