Mehabe score: 3 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
Swastika Investmart is engaged in rendering services pertaining to stock broking, Merchant Banking, IPO and other third party products distribution activities.Site:530585Main Symbol:SWASTIKA
Stock trades at 137.0, below its 50dma 140.45. However it is trading above its 200dma 136.6. 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 140.45.
The 52 week high is at 207.45 and the 52week low is at 57.20
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
-Stock is trading at 1.04 times its book value
– is expected to give good quarter
– has delivered good profit growth of 98.57% CAGR over last 5 years
– has been maintaining a healthy dividend payout of 18.10%
-Debtor days have improved from 140.83 to 91.83 days.
Weakness
–
Competition
– The industry trades at a mean P/E of 9.0x. Indbank Merchant trades at the industry’s max P/E of 20.27x. 530585 trades at a P/E of 4.5x
– Industry’s mean G-Factor is 3.8 while the mean Piotski score is 8.0. 530585 has a G-Factor of 5 and Piotski scoreof 8.
– Average 1 month return for industry is 10.7%. The max 1- month return was given by Garnet Intl.: a return of 72.87 %
Quarterly Results
Sales for period ended Sep 2021 is Rs 20.85 cr compared to Rs 20.3 cr for period ended Sep 2020, a rise of 2.7%
Operating Profits reported at Rs 4.35 cr for period ended Sep 2021 vis-vis 5.45 for period ended Sep 2020 .
Operating Margins contracted -598.4 bps for period ended Sep 2021 vis-vis Sep 2020 .
The EPS for Sep 2021 was Rs 9.16 compared to Rs 6.18 for previous quarter ended Jun 2021 and Rs 12.1 for Sep 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 79.33 cr for period ended TTM vis-vis sales of Rs 76.51 cr for the period ended Mar 2021, a growth of 3.6%. The 3 year sales cagr stood at 21.2%.
Operating margins shrank to 17.82% for period ended TTM vis-vis 23.24% for period ended Mar 2021, contraction of 542.0 bps.
Net Profit reported at Rs 8.11 cr for period ended TTM vis-vis sales of Rs 11.26 cr for the period ended Mar 2021, falling 38.8%.
Company recorded a healthy Net Profit CAGR of 20.6% 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 improved its Return on Equity (RoE) metric. The RoE on Last Year basis was 34.0% compared to 19.0% over the last 3 Years. – The stock has given a return of 97% on a 1 Year basis vis-vis a return of 25% over the last 3 Years. – The compounded sales growth on a TTM bassis is 41% vis-vis a compounded sales growth of 22% over the last 3 Years. – The compounded profit growth on a TTM basis is 125% vis-vis a compounded profit growth of 67% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Sep 2021 public holding stood at 36.58% vis-vis 36.58% for Jun 2021
Conclusion
– has reduced debt.
-Stock is trading at 1.04 times its book value
– is expected to give good quarter
– has delivered good profit growth of 98.57% CAGR over last 5 years
– has been maintaining a healthy dividend payout of 18.10%
-Debtor days have improved from 140.83 to 91.83 days. –
