Mehabe score: 5 G Factor: 4 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 4 and Piotski score of 8.
Description
Jagan Lamps is engaged in the Business of manufacturing of Auto Bulb & Halogen Lamps.Site:530711
Market Cap:
Rs 31.7 cr
Price:
46.0
Trading pe:
18.7x
Book-value:
29.2/share
Div yield:
0.00 %
Earning yield:
7.04%
Face-value:
10.0/share
52week high:
44.60
52week low:
13.70
Technical Analysis
Stock trades at 46.0, above its 50dma 34.64. It also trades above its 200dma 27.8. The stock remains bullish on techicals
The 52 week high is at 44.60 and the 52week low is at 13.70
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is almost debt free.
Weakness
– Though the company is reporting repeated profits, it is not paying out dividend
– has a low return on equity of 6.00% for last 3 years.
Competition
– The industry trades at a mean P/E of 33.0x. WABCO India trades at the industry’s max P/E of 126.12x. 530711 trades at a P/E of 18.7x
– Industry’s mean G-Factor is 4.0 while the mean Piotski score is 8.0. 530711 has a G-Factor of 4 and Piotski scoreof 8.
– Average 1 month return for industry is 12.9%. The max 1- month return was given by Minda Industries: a return of 24.85 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 9.98 cr compared to Rs 5.75 cr for period ended Mar 2020, a rise of 73.6%
Operating Profits reported at Rs 0.92 cr for period ended Mar 2021 vis-vis 0.31 for period ended Mar 2020 .
Operating Margins expanded 382.7 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 1.04 compared to Rs 1.06 for previous quarter ended Dec 2020 and Rs 0.48 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 30.84 cr for period ended Mar 2021 vis-vis sales of Rs 23.14 cr for the period ended Mar 2020, a healthy growth of 25.0%. The 3 year sales cagr stood at 28.5%.
Operating margins shrank to 11.64% for period ended Mar 2021 vis-vis 12.96% for period ended Mar 2020, contraction of 132.0 bps.
Net Profit reported at Rs 2.08 cr for period ended Mar 2021 vis-vis sales of Rs 1.7 cr for the period ended Mar 2020, rising 18.3%.
Company recorded a healthy Net Profit CAGR of 59.8% 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 stock has given a return of 198% 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 19% vis-vis a compounded sales growth of 21% over the last 3 Years. – The compounded profit growth on a TTM basis is 20% vis-vis a compounded profit growth of 47% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Mar 2021 public holding stood at 44.49% vis-vis 44.49% for Dec 2020
Conclusion
– has reduced debt.
– is almost debt free. – Though the company is reporting repeated profits, it is not paying out dividend
– has a low return on equity of 6.00% for last 3 years.
