Mehabe score: 4 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
Suryavanshi Spinning Mills is engaged in manufacturing Polyester Yarn and Absorbent bleached cotton.Site:514140Main Symbol:SURYVANSP
Stock trades at 21.1, above its 50dma 12.48. It also trades above its 200dma 8.62. The stock remains bullish on techicals
The 52 week high is at 20.13 and the 52week low is at 3.81
Price Chart
P/E Chart
Sales and Margin
Strengths
– is expected to give good quarter
Weakness
– has low interest coverage ratio.
-The company has delivered a poor sales growth of -15.72% over past five years.
Competition
– The industry trades at a mean P/E of 15.0x. Arvind Ltd trades at the industry’s max P/E of 1139.06x. 514140 trades at a P/E of x
– Industry’s mean G-Factor is 4.2 while the mean Piotski score is 8.0. 514140 has a G-Factor of 4 and Piotski scoreof 5.
– Average 1 month return for industry is 26.6%. The max 1- month return was given by Suryavanshi Spg.: a return of 82.94 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 13.65 cr compared to Rs 10.19 cr for period ended Mar 2020, a rise of 34.0%
Company reported operating profit of Rs 1.68 cr for period ended Mar 2021, operating profit margin at 12.3 %.
Operating profit was negative for the same period last year thus company has improved its margins this year
The EPS for Mar 2021 was Rs -1.51 compared to Rs 2.79 for previous quarter ended Dec 2020 and Rs 2.34 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 43.3 cr for period ended Mar 2021 vis-vis sales of Rs 25.87 cr for the period ended Mar 2020, a healthy growth of 40.3%. The 3 year sales cagr stood at 9.5%.
Operating margins expanded to 8.01% for period ended Mar 2021 vis-vis -19.25% for period ended Mar 2020, expansion of 2726.0 bps.
Net Profit reported at Rs -0.77 cr for period ended Mar 2021 vis-vis sales of Rs -0.87 cr for the period ended Mar 2020, 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 164% on a 1 Year basis vis-vis a return of 63% over the last 3 Years. – The compounded sales growth on a TTM bassis is 67% vis-vis a compounded sales growth of 9% over the last 3 Years. – The compounded profit growth on a TTM basis is 91% vis-vis a compounded profit growth of 24% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Mar 2021 public holding stood at 41.92% vis-vis 41.92% for Dec 2020
Conclusion
– is expected to give good quarter – has low interest coverage ratio.
-The company has delivered a poor sales growth of -15.72% over past five 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 12.48 and is trading at 21.1, thus bullish price action wise.
