Mehabe score: 5 G Factor: 5 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 5 and Piotski score of 5.
Description
Yash Papers is engaged in Kraft Paper, Poster Paper, Moulded Products and Bagasse Pith Pallets.Site:516030Main Symbol:YASHPAKKA
Stock trades at 94.0, above its 50dma 88.06. It also trades above its 200dma 78.61. The stock remains bullish on techicals
The 52 week high is at 110.40 and the 52week low is at 31.00
Price Chart
P/E Chart
Sales and Margin
Strengths
–
Weakness
– The company has delivered a poor sales growth of 1.16% over past five years.
Competition
– The industry trades at a mean P/E of 23.2x. Century Textiles trades at the industry’s max P/E of 285.15x. 516030 trades at a P/E of 12.8x
– Industry’s mean G-Factor is 4.1 while the mean Piotski score is 7.0. 516030 has a G-Factor of 5 and Piotski scoreof 5.
– Average 1 month return for industry is 11.2%. The max 1- month return was given by Century Textiles: a return of 28.84 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 61.0 cr compared to Rs 32.0 cr for period ended Jun 2020, a rise of 90.6%
Operating Profits reported at Rs 19.0 cr for period ended Jun 2021 vis-vis 6.0 for period ended Jun 2020 .
Operating Margins expanded 1239.8 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 2.94 compared to Rs 1.9 for previous quarter ended Mar 2021 and Rs 0.33 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 212.0 cr for period ended TTM vis-vis sales of Rs 184.0 cr for the period ended Mar 2021, a healthy growth of 13.2%. The 3 year sales cagr stood at -5.3%.
Operating margins expanded to 21.0% for period ended TTM vis-vis 18.0% for period ended Mar 2021, expansion of 300.0 bps.
Net Profit reported at Rs 26.0 cr for period ended TTM vis-vis sales of Rs 17.0 cr for the period ended Mar 2021, rising 34.6%.
Company recorded a Net Profit CAGR of 7.4% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The company has worsened on its Return on Equity (RoE) metric. The RoE on Last Year basis was 14.0% compared to 21.0% over the last 3 Years. – The stock has given a return of 191% on a 1 Year basis vis-vis a return of 9% over the last 3 Years. – The compounded sales growth on a TTM bassis is -3% vis-vis a compounded sales growth of -3% over the last 3 Years. – The compounded profit growth on a TTM basis is 27% vis-vis a compounded profit growth of 10% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 2.62% vis-vis 2.59% for Mar 2021 – Public shareholding has remained largely constant. The Jun 2021 public holding stood at 52.23% vis-vis 52.26% for Mar 2021
Conclusion
– – The company has delivered a poor sales growth of 1.16% 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 88.06 and is trading at 94.0, thus bullish price action wise.
