Mehabe score: 3 G Factor: 5 Piotski Score: 8 The stock has a rating . 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 8.
Description
Flex Foods is engaged mainly in the business of cultivation and processing of Mushrooms, Herbs, Fruits & Vegetables in Freeze Dried, Air Dried and Individually Quick Frozen form.Site:523672Main Symbol:FLEXFO
Stock trades at 124.0, above its 50dma 111.03. It also trades above its 200dma 86.28. The stock remains bullish on techicals
The 52 week high is at 147.95 and the 52week low is at 51.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
– is expected to give good quarter
Weakness
– The company has delivered a poor sales growth of 4.49% over past five years.
– has a low return on equity of 10.78% for last 3 years.
-Debtor days have increased from 70.46 to 90.91 days.
Competition
– The industry trades at a mean P/E of 41.1x. Tasty Bite Eat. trades at the industry’s max P/E of 107.8x. 523672 trades at a P/E of 12.8x
– Industry’s mean G-Factor is 3.8 while the mean Piotski score is 8.0. 523672 has a G-Factor of 5 and Piotski scoreof 8.
– Average 1 month return for industry is -1.4%. The max 1- month return was given by Flex Foods: a return of 4.66 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 21.91 cr compared to Rs 17.8 cr for period ended Jun 2020, a rise of 23.1%
Operating Profits reported at Rs 4.74 cr for period ended Jun 2021 vis-vis 4.78 for period ended Jun 2020 .
Operating Margins contracted -522.0 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 2.24 compared to Rs 2.97 for previous quarter ended Mar 2021 and Rs 2.33 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 107.0 cr for period ended TTM vis-vis sales of Rs 103.0 cr for the period ended Mar 2021, a growth of 3.7%. The 3 year sales cagr stood at 8.4%.
Operating margins shrank to 19.0% for period ended TTM vis-vis 20.0% for period ended Mar 2021, contraction of 100.0 bps.
Net Profit reported at Rs 12.0 cr for period ended TTM vis-vis sales of Rs 12.0 cr for the period ended Mar 2021,
Company recorded a Net Profit CAGR of 2.9% 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 had stable/constant Return on Equity (RoE) metric. The RoE on Last Year basis was 12.0% compared to 11.0% over the last 3 Years. – The stock has given a return of 132% on a 1 Year basis vis-vis a return of 11% over the last 3 Years. – The compounded sales growth on a TTM bassis is 28% vis-vis a compounded sales growth of 4% over the last 3 Years. – The compounded profit growth on a TTM basis is 77% vis-vis a compounded profit growth of 21% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Jun 2021 public holding stood at 40.32% vis-vis 40.32% for Mar 2021
Conclusion
– is almost debt free.
– is expected to give good quarter – The company has delivered a poor sales growth of 4.49% over past five years.
– has a low return on equity of 10.78% for last 3 years.
-Debtor days have increased from 70.46 to 90.91 days.
