Mehabe score: 3 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
Dynavision is engaged commercial production of Black & White TVs in 1975 and Colour televisions in 1982 under DYANORA Brand Name. Since 1994 onwards, the Company was assembling Colour Television Sets (CTVs), Audios and Videos for M/s. Thomson Consumer Electronics India Limited on contract manufacturing basis.(Source : 201903 Annual Report Page No: 35)Site:517238Main Symbol:DYNAVSN
Stock trades at 72.5, below its 50dma 73.59. However it is trading above its 200dma 63.65. The stock remains weak in the short term due to near term bearish momentum. However overall bullish structure remains intact. Price action will further build up as it moves above its dma50, currently situated at 73.59.
The 52 week high is at 84.20 and the 52week low is at 33.50
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
Weakness
– Stock is trading at 17.96 times its book value
-Though the company is reporting repeated profits, it is not paying out dividend
-The company has delivered a poor sales growth of 5.61% over past five years.
Competition
– The industry trades at a mean P/E of 85.1x. MIRC Electronics trades at the industry’s max P/E of 225.37x. 517238 trades at a P/E of 5.49x
– Industry’s mean G-Factor is 3.3 while the mean Piotski score is 8.0. 517238 has a G-Factor of 4 and Piotski scoreof 6.
– Average 1 month return for industry is -10.9%. The max 1- month return was given by Dynavision: a return of -0.68 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 1.88 cr compared to Rs 1.15 cr for period ended Jun 2020, a rise of 63.5%
Operating Profits reported at Rs 1.6 cr for period ended Jun 2021 vis-vis 0.88 for period ended Jun 2020 .
Operating Margins expanded 858.5 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 3.67 compared to Rs 2.81 for previous quarter ended Mar 2021 and Rs 2.4 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 6.84 cr for period ended TTM vis-vis sales of Rs 6.11 cr for the period ended Mar 2021, a healthy growth of 10.7%. The 3 year sales cagr stood at 1.3%.
Operating margins expanded to 83.04% for period ended TTM vis-vis 81.18% for period ended Mar 2021, expansion of 186.0 bps.
Net Profit reported at Rs 5.07 cr for period ended TTM vis-vis sales of Rs 4.58 cr for the period ended Mar 2021, rising 9.7%.
Company recorded a Net Profit CAGR of 3.3% 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 stock has given a return of 73% on a 1 Year basis vis-vis a return of 7% over the last 3 Years. – The compounded sales growth on a TTM bassis is 14% vis-vis a compounded sales growth of -2% over the last 3 Years. – The compounded profit growth on a TTM basis is 16% vis-vis a compounded profit growth of 1% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Jun 2021 public holding stood at 44.6% vis-vis 44.6% for Mar 2021
Conclusion
– is almost debt free. – Stock is trading at 17.96 times its book value
-Though the company is reporting repeated profits, it is not paying out dividend
-The company has delivered a poor sales growth of 5.61% 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 below its 50 DMA 73.59 and is trading at 72.5. Shows a near term lack of buying interest.
