Mehabe score: 5 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
Jindal Capital is engaged in trading and investments in shares and other securities;providing loans & advances and other related activities.Site:530405Main Symbol:JINDCAP
Stock trades at 15.6, above its 50dma 13.91. It also trades above its 200dma 10.93. The stock remains bullish on techicals
The 52 week high is at 16.97 and the 52week low is at 3.84
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is almost debt free.
Weakness
– The company has delivered a poor sales growth of -10.41% over past five years.
– has a low return on equity of 1.46% for last 3 years.
Competition
– The industry trades at a mean P/E of 26.2x. SBI Cards trades at the industry’s max P/E of 108.92x. 530405 trades at a P/E of 28.1x
– Industry’s mean G-Factor is 3.0 while the mean Piotski score is 6.0. 530405 has a G-Factor of 4 and Piotski scoreof 5.
– Average 1 month return for industry is 7.4%. The max 1- month return was given by Bajaj Finserv: a return of 20.36 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 2.4 cr compared to Rs 2.22 cr for period ended Jun 2020, a rise of 8.1%
Operating Profits reported at Rs 0.39 cr for period ended Jun 2021 vis-vis 0.2 for period ended Jun 2020 .
Operating Margins expanded 724.1 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 0.4 compared to Rs -0.15 for previous quarter ended Mar 2021 and Rs 0.26 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 6.26 cr for period ended TTM vis-vis sales of Rs 6.09 cr for the period ended Mar 2021, a growth of 2.7%. The 3 year sales cagr stood at -17.7%.
Operating margins expanded to 13.74% for period ended TTM vis-vis 11.33% for period ended Mar 2021, expansion of 241.0 bps.
Net Profit reported at Rs 0.5 cr for period ended TTM vis-vis sales of Rs 0.4 cr for the period ended Mar 2021, rising 20.0%.
Company recorded a healthy Net Profit CAGR of 132.1% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities: Rs -0.3 cr for period ended Mar 2021 vis-vis Rs -0.79 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 5.0% compared to 1.0% over the last 3 Years. – The stock has given a return of 243% on a 1 Year basis vis-vis a return of 35% over the last 3 Years. – The compounded sales growth on a TTM bassis is -50% vis-vis a compounded sales growth of -19% over the last 3 Years. – The compounded profit growth on a TTM basis is 464% vis-vis a compounded profit growth of 115% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Jun 2021 public holding stood at 28.66% vis-vis 28.66% for Mar 2021
Conclusion
– has reduced debt.
– is almost debt free. – The company has delivered a poor sales growth of -10.41% over past five years.
– has a low return on equity of 1.46% 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 13.91 and is trading at 15.6, thus bullish price action wise.
