Mehabe score: 4 G Factor: 4 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 4 and Piotski score of 8.
Description
Basant Agro Tech (India) is engaged in one of the Indias leading manufacturers of various farm inputs in India comprising of NPK mixture granulated fertilizers, phosphatic fertilizer as well as various hybrid seeds.Site:524687
Market Cap:
Rs 111 cr
Price:
12.2
Trading pe:
12.6x
Book-value:
13.9/share
Div yield:
0.41 %
Earning yield:
8.44%
Face-value:
1.00/share
52week high:
13.90
52week low:
3.72
Technical Analysis
Stock trades at 12.2, above its 50dma 8.94. It also trades above its 200dma 6.88. The stock remains bullish on techicals
The 52 week high is at 13.90 and the 52week low is at 3.72
Price Chart
P/E Chart
Sales and Margin
Strengths
– Stock is trading at 0.88 times its book value
-Promoter holding has increased by 1.70% over last quarter.
Weakness
– The company has delivered a poor sales growth of 0.40% over past five years.
-Tax rate seems low
– has a low return on equity of 6.52% for last 3 years.
– might be capitalizing the interest cost
Competition
– The industry trades at a mean P/E of 11.7x. F A C T trades at the industry’s max P/E of 34.68x. 524687 trades at a P/E of 12.6x
– Industry’s mean G-Factor is 4.0 while the mean Piotski score is 9.0. 524687 has a G-Factor of 4 and Piotski scoreof 8.
– Average 1 month return for industry is 6.6%. The max 1- month return was given by Basant Agro Tech: a return of 20.91 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 82.48 cr compared to Rs 67.46 cr for period ended Mar 2020, a rise of 22.3%
Operating Profits reported at Rs 5.95 cr for period ended Mar 2021 vis-vis 5.57 for period ended Mar 2020 .
Operating Margins contracted -104.3 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 0.42 compared to Rs 0.09 for previous quarter ended Dec 2020 and Rs 0.43 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 323.0 cr for period ended Mar 2021 vis-vis sales of Rs 290.0 cr for the period ended Mar 2020, a healthy growth of 10.2%. The 3 year sales cagr stood at 6.4%.
Operating margins shrank to 6.0% for period ended Mar 2021 vis-vis 7.0% for period ended Mar 2020, contraction of 100.0 bps.
Net Profit reported at Rs 9.0 cr for period ended Mar 2021 vis-vis sales of Rs 8.0 cr for the period ended Mar 2020, rising 11.1%.
Company recorded a healthy Net Profit CAGR of 14.5% 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 7.0% compared to 7.0% over the last 3 Years. – The stock has given a return of 203% on a 1 Year basis vis-vis a return of 29% over the last 3 Years. – The compounded sales growth on a TTM bassis is 11% vis-vis a compounded sales growth of 6% over the last 3 Years. – The compounded profit growth on a TTM basis is 12% vis-vis a compounded profit growth of 13% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Mar 2021 fii holding stood at 0.0% vis-vis 0.0% for Dec 2020 – Public shareholding has remained largely constant. The Mar 2021 public holding stood at 47.03% vis-vis 48.73% for Dec 2020
Conclusion
– Stock is trading at 0.88 times its book value
-Promoter holding has increased by 1.70% over last quarter. – The company has delivered a poor sales growth of 0.40% over past five years.
-Tax rate seems low
– has a low return on equity of 6.52% for last 3 years.
– might be capitalizing the interest cost
