Mehabe score: 3 G Factor: 4 Piotski Score: 7 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 7.
Description
Dutron Polymers is engaged in Manufacture of Plastic Products.Site:517437
Market Cap:
Rs 158 cr
Price:
264.0
Trading pe:
83.2x
Book-value:
34.0/share
Div yield:
0.46 %
Earning yield:
2.32%
Face-value:
10.0/share
52week high:
263.65
52week low:
95.10
Technical Analysis
Stock trades at 264.0, above its 50dma 172.21. It also trades above its 200dma 142.8. The stock remains bullish on techicals
The 52 week high is at 263.65 and the 52week low is at 95.10
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– has been maintaining a healthy dividend payout of 40.90%
-Debtor days have improved from 57.71 to 41.83 days.
Weakness
– Stock is trading at 7.76 times its book value
-The company has delivered a poor sales growth of 0.27% over past five years.
– has a low return on equity of 10.23% for last 3 years.
Competition
– The industry trades at a mean P/E of 24.4x. Astral trades at the industry’s max P/E of 95.39x. 517437 trades at a P/E of 83.2x
– Industry’s mean G-Factor is 4.8 while the mean Piotski score is 9.0. 517437 has a G-Factor of 4 and Piotski scoreof 7.
– Average 1 month return for industry is 11.5%. The max 1- month return was given by Dutron Polymers: a return of 73.94 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 27.76 cr compared to Rs 17.49 cr for period ended Mar 2020, a rise of 58.7%
Operating Profits reported at Rs 1.16 cr for period ended Mar 2021 vis-vis 0.74 for period ended Mar 2020 .
Operating Margins contracted -5.2 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 0.92 compared to Rs 0.97 for previous quarter ended Dec 2020 and Rs 0.28 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 94.38 cr for period ended Mar 2021 vis-vis sales of Rs 89.18 cr for the period ended Mar 2020, a growth of 5.5%. The 3 year sales cagr stood at -0.9%.
Operating margins expanded to 5.44% for period ended Mar 2021 vis-vis 5.23% for period ended Mar 2020, expansion of 21.0 bps.
Net Profit reported at Rs 2.28 cr for period ended Mar 2021 vis-vis sales of Rs 1.97 cr for the period ended Mar 2020, rising 13.6%.
Company recorded a Net Profit CAGR of 7.8% over the last 3 years
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 company has had stable/constant Return on Equity (RoE) metric. The RoE on Last Year basis was 9.0% compared to 10.0% over the last 3 Years. – The stock has given a return of 163% on a 1 Year basis vis-vis a return of 26% over the last 3 Years. – The compounded sales growth on a TTM bassis is -12% vis-vis a compounded sales growth of 1% over the last 3 Years. – The compounded profit growth on a TTM basis is 12% vis-vis a compounded profit growth of -2% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Mar 2021 public holding stood at 26.17% vis-vis 26.36% for Dec 2020
Conclusion
– has reduced debt.
– has been maintaining a healthy dividend payout of 40.90%
-Debtor days have improved from 57.71 to 41.83 days. – Stock is trading at 7.76 times its book value
-The company has delivered a poor sales growth of 0.27% over past five years.
– has a low return on equity of 10.23% for last 3 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 172.21 and is trading at 264.0, thus bullish price action wise.
