Mehabe score: 5 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
Raj Packaging Industries Ltd., is engaged in manufacturing of multilayer co-extruded plastic film, a packaging product. It is medium scale manufacturing unit part of plastic packaging industry.Site:530111
Market Cap:
Rs 10.5 cr
Price:
22.9
Trading pe:
7.86x
Book-value:
26.9/share
Div yield:
0.00 %
Earning yield:
15.59%
Face-value:
10.0/share
52week high:
28.55
52week low:
12.70
Technical Analysis
Stock trades at 22.9, above its 50dma 20.36. It also trades above its 200dma 19.69. The stock remains bullish on techicals
The 52 week high is at 28.55 and the 52week low is at 12.70
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
-Stock is trading at 0.85 times its book value
Weakness
– The company has delivered a poor sales growth of -5.36% over past five years.
-Promoter holding is low: 36.77%
– has a low return on equity of 3.96% for last 3 years.
Competition
– The industry trades at a mean P/E of 13.2x. EPL Ltd trades at the industry’s max P/E of 35.14x. 530111 trades at a P/E of 7.86x
– Industry’s mean G-Factor is 5.2 while the mean Piotski score is 9.0. 530111 has a G-Factor of 5 and Piotski scoreof 8.
– Average 1 month return for industry is 8.9%. The max 1- month return was given by Garware Hi Tech: a return of 16.36 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 11.34 cr compared to Rs 7.76 cr for period ended Mar 2020, a rise of 46.1%
Operating Profits reported at Rs 1.41 cr for period ended Mar 2021 vis-vis 0.65 for period ended Mar 2020 .
Operating Margins expanded 405.8 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 1.49 compared to Rs 0.88 for previous quarter ended Dec 2020 and Rs 0.37 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 40.38 cr for period ended Mar 2021 vis-vis sales of Rs 34.05 cr for the period ended Mar 2020, a healthy growth of 15.7%. The 3 year sales cagr stood at 1.8%.
Operating margins expanded to 10.53% for period ended Mar 2021 vis-vis 7.17% for period ended Mar 2020, expansion of 336.0 bps.
Net Profit reported at Rs 1.88 cr for period ended Mar 2021 vis-vis sales of Rs 0.32 cr for the period ended Mar 2020, rising 83.0%.
Company recorded a healthy Net Profit CAGR of 15.8% 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 3.0% compared to 4.0% over the last 3 Years. – The stock has given a return of 43% on a 1 Year basis vis-vis a return of -7% over the last 3 Years. – The compounded sales growth on a TTM bassis is 13% vis-vis a compounded sales growth of -4% over the last 3 Years. – The compounded profit growth on a TTM basis is 1578% vis-vis a compounded profit growth of -32% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Mar 2021 public holding stood at 63.22% vis-vis 63.65% for Dec 2020
Conclusion
– has reduced debt.
-Stock is trading at 0.85 times its book value – The company has delivered a poor sales growth of -5.36% over past five years.
-Promoter holding is low: 36.77%
– has a low return on equity of 3.96% for last 3 years.
