Mehabe score: 2 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
Mysore Paper Mills Limited,incorporated in India, listed on the Bombay Stock Exchange Limited, the company is engaged in Paper and Sugar Site:MYSPAPE Main Symbol:MYSPAPE
Stock trades at 7.42, below its 50dma 106.55 and below its 200dma 102.27. The stock remains bearish on technicals
The 52 week high is at 142.50 and the 52week low is at 66.60
Price Chart
P/E Chart
Sales and Margin
Strengths
– is expected to give good quarter
Weakness
– has low interest coverage ratio.
Competition
– The industry trades at a mean P/E of 14.6x. Century Textiles trades at the industry’s max P/E of 124.86x. MYSPAPE trades at a P/E of x
– Industry’s mean G-Factor is 4.2 while the mean Piotski score is 5.0. MYSPAPE has a G-Factor of 4 and Piotski scoreof 5.
– Average 1 month return for industry is 22.3%. The max 1- month return was given by JK Paper: a return of 40.27 %
Quarterly Results
Sales for period ended Dec 2021 is Rs 8.0 cr compared to Rs 2.0 cr for period ended Dec 2020, a rise of 300.0% .
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Company reported operating profit of Rs 1.0 cr for period ended Dec 2021 and operating profit margin at 12.5 % for same periodOperating profit was negative for the same period last year. Company has improved its margins this year.
The EPS for quarter ended Dec 2021 is Rs -1.93 compared to Rs -2.12 for previous quarter ended Sep 2021 and Rs -2.14 for Dec 2020.
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 15.0 cr for period ended TTM vis-vis sales of Rs 9.0 cr for the period ended Mar 2021, a healthy growth of 40.0%.
Operating margins expanded to -23.0% for period ended TTM vis-vis -91.0% for period ended Mar 2021, expansion of 6800.0 bps.
Net Profit reported at Rs 79.0 cr for period ended TTM vis-vis sales of Rs -102.0 cr for the period ended Mar 2021, rising 0%.
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The stock has given a return of % on a 1 Year basis vis-vis a return of % over the last 3 Years. – The compounded sales growth on a TTM bassis is 24% vis-vis a compounded sales growth of % over the last 3 Years. – The compounded profit growth on a TTM basis is -1% vis-vis a compounded profit growth of % over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Dec 2021 public holding stood at 25.34% vis-vis 25.34% for Sep 2021
Conclusion
– is expected to give good quarter – has low interest coverage ratio.
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 106.55 and is trading at 7.42. Shows a near term lack of buying interest.
