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
Wim Plast is engaged in the Business of Plastic Articles.
Main Points
Wide Product Range Under Cello Brand
The company has diversified product range including plastic houseware, steel houseware, glassware, opal ware, melamine, kitchen appliances, moulded furniture, air cooler and
household cleaning products under brand name Cello.#Site:526586Main Symbol:WIMPLAST
Stock trades at 608.0, above its 50dma 548.06. It also trades above its 200dma 449.25. The stock remains bullish on techicals
The 52 week high is at 723.00 and the 52week low is at 305.10
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is almost debt free.
– has been maintaining a healthy dividend payout of 19.51%
Weakness
– The company has delivered a poor sales growth of -5.79% over past five years.
– has a low return on equity of 11.43% for last 3 years.
Competition
– The industry trades at a mean P/E of 26.6x. Astral trades at the industry’s max P/E of 100.93x. 526586 trades at a P/E of 22.6x
– Industry’s mean G-Factor is 4.8 while the mean Piotski score is 9.0. 526586 has a G-Factor of 4 and Piotski scoreof 6.
– Average 1 month return for industry is 4.6%. The max 1- month return was given by Jai Corp: a return of 21.68 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 101.0 cr compared to Rs 77.0 cr for period ended Mar 2020, a rise of 31.2%
Operating Profits reported at Rs 23.0 cr for period ended Mar 2021 vis-vis 16.0 for period ended Mar 2020 .
Operating Margins expanded 199.3 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 11.8 compared to Rs 10.5 for previous quarter ended Dec 2020 and Rs 9.46 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 262.0 cr for period ended Mar 2021 vis-vis sales of Rs 317.0 cr for the period ended Mar 2020, a fall of 21.0%. The 3 year sales cagr stood at -12.0%.
Net Profit reported at Rs 32.0 cr for period ended Mar 2021 vis-vis sales of Rs 45.0 cr for the period ended Mar 2020, falling 40.6%.
Company reported a poor Net Profit CAGR of -10.7% 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 9.0% compared to 11.0% over the last 3 Years. – The stock has given a return of 90% on a 1 Year basis vis-vis a return of -12% over the last 3 Years. – The compounded sales growth on a TTM bassis is -18% vis-vis a compounded sales growth of -12% over the last 3 Years. – The compounded profit growth on a TTM basis is -28% vis-vis a compounded profit growth of -10% 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 23.65% vis-vis 23.62% for Dec 2020
Conclusion
– has reduced debt.
– is almost debt free.
– has been maintaining a healthy dividend payout of 19.51% – The company has delivered a poor sales growth of -5.79% over past five years.
– has a low return on equity of 11.43% 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 548.06 and is trading at 608.0, thus bullish price action wise.
