Mehabe score: 4 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
Aditya Spinners is engaged in Synthetic Yarn Products.Site:521141Main Symbol:ADITYASP
Stock trades at 14.3, above its 50dma 12.41. It also trades above its 200dma 8.44. The stock remains bullish on techicals
The 52 week high is at 17.78 and the 52week low is at 2.86
Price Chart
P/E Chart
Sales and Margin
Strengths
– Stock is trading at 0.92 times its book value
Weakness
– has low interest coverage ratio.
-The company has delivered a poor sales growth of -6.69% over past five years.
– has a low return on equity of 9.42% for last 3 years.
Competition
– The industry trades at a mean P/E of 14.8x. Sangam India trades at the industry’s max P/E of 114.69x. 521141 trades at a P/E of x
– Industry’s mean G-Factor is 4.6 while the mean Piotski score is 8.0. 521141 has a G-Factor of 5 and Piotski scoreof 5.
– Average 1 month return for industry is 38.0%. The max 1- month return was given by Suryalata Spg.: a return of 97.42 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 15.86 cr compared to Rs 13.51 cr for period ended Mar 2020, a rise of 17.4%
Operating Profits reported at Rs 2.61 cr for period ended Mar 2021 vis-vis 1.12 for period ended Mar 2020 .
Operating Margins expanded 816.6 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 1.16 compared to Rs 0.14 for previous quarter ended Dec 2020 and Rs 2.77 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 33.41 cr for period ended Mar 2021 vis-vis sales of Rs 56.97 cr for the period ended Mar 2020, a fall of 70.5%. The 3 year sales cagr stood at -14.9%.
Operating margins expanded to 7.84% for period ended Mar 2021 vis-vis 7.39% for period ended Mar 2020, expansion of 45.0 bps.
Net Profit reported at Rs -0.42 cr for period ended Mar 2021 vis-vis sales of Rs 5.63 cr for the period ended Mar 2020, falling 0%.
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 -2.0% compared to 9.0% over the last 3 Years. – The stock has given a return of 383% on a 1 Year basis vis-vis a return of 37% over the last 3 Years. – The compounded sales growth on a TTM bassis is -41% vis-vis a compounded sales growth of -15% over the last 3 Years. – The compounded profit growth on a TTM basis is -108% vis-vis a compounded profit growth of % over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Mar 2021 public holding stood at 33.1% vis-vis 33.1% for Dec 2020
Conclusion
– Stock is trading at 0.92 times its book value – has low interest coverage ratio.
-The company has delivered a poor sales growth of -6.69% over past five years.
– has a low return on equity of 9.42% 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 12.41 and is trading at 14.3, thus bullish price action wise.
