Mehabe score: 3 G Factor: 4 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 4 and Piotski score of 5.
Description
Bridge Securities is engaged in the Business of Security Trading and Brokerage.Site:530249Main Symbol:BRIDGESE
Stock trades at 37.8, below its 50dma 41.53. However it is trading above its 200dma 22.53. The stock remains weak in the short term due to near term bearish momentum. However overall bullish structure remains intact. Price action will further build up as it moves above its dma50, currently situated at 41.53.
The 52 week high is at 71.15 and the 52week low is at 3.95
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
Weakness
– Stock is trading at 6.51 times its book value
– has a low return on equity of 11.57% for last 3 years.
Competition
– The industry trades at a mean P/E of 22.9x. SBI Cards trades at the industry’s max P/E of 98.75x. 530249 trades at a P/E of 10.1x
– Industry’s mean G-Factor is 3.8 while the mean Piotski score is 6.0. 530249 has a G-Factor of 4 and Piotski scoreof 5.
– Average 1 month return for industry is -1.8%. The max 1- month return was given by Cholaman.Inv.&Fn: a return of 12.46 %
Quarterly Results
Sales for period ended Sep 2021 is Rs 0.21 cr compared to Rs 0.27 cr for period ended Sep 2020, a fall of 22.2%
Company reported operating profit of Rs 0.07 cr for period ended Sep 2021, operating profit margin at 33.3 %.
Operating profit was negative for the same period last year thus company has improved its margins this year
The EPS for Sep 2021 was Rs 0.3 compared to Rs 0.86 for previous quarter ended Jun 2021 and Rs -0.3 for Sep 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 2.27 cr for period ended TTM vis-vis sales of Rs 2.13 cr for the period ended Mar 2021, a growth of 6.2%. The 3 year sales cagr stood at 21.7%.
Operating margins expanded to 61.67% for period ended TTM vis-vis 58.22% for period ended Mar 2021, expansion of 345.0 bps.
Net Profit reported at Rs 1.45 cr for period ended TTM vis-vis sales of Rs 1.24 cr for the period ended Mar 2021, rising 0%.
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities: Rs -0.01 cr for period ended Mar 2021 vis-vis Rs -0.05 cr for period ended Mar 2020
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The company has improved its Return on Equity (RoE) metric. The RoE on Last Year basis was 94.0% compared to 12.0% over the last 3 Years. – The stock has given a return of 268% on a 1 Year basis vis-vis a return of 53% over the last 3 Years. – The compounded sales growth on a TTM bassis is 29% vis-vis a compounded sales growth of 52% over the last 3 Years. – The compounded profit growth on a TTM basis is 327% vis-vis a compounded profit growth of 40% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Sep 2021 public holding stood at 33.56% vis-vis 33.56% for Jun 2021
Conclusion
– is almost debt free. – Stock is trading at 6.51 times its book value
– has a low return on equity of 11.57% 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 below its 50 DMA 41.53 and is trading at 37.8. Shows a near term lack of buying interest.
