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
SKP Securities is registered with Securities and Exchange Board of India (SEBI) as a member of National Stock Exchange of India Limited (NSE), and BSE Ltd., as a Depository Participants on National Securities Depository Limited (NSDL), Central Depository Services (India) Ltd. (CDSL) and as Research Analysts, Merchant Banker Portfolio Manager and Investment Adviser. It is also registered with Association of Mutual Fund of India (AMFI).Site:531169Main Symbol:SKPSEC
Stock trades at 62.8, below its 50dma 63.47. However it is trading above its 200dma 55.97. 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 63.47.
The 52 week high is at 75.00 and the 52week low is at 34.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
-Stock is trading at 0.85 times its book value
Weakness
– The company has delivered a poor sales growth of 7.50% over past five years.
– has a low return on equity of 6.61% 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. 531169 trades at a P/E of 6.04x
– Industry’s mean G-Factor is 3.1 while the mean Piotski score is 8.0. 531169 has a G-Factor of 4 and Piotski scoreof 8.
– Average 1 month return for industry is 3.8%. 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 4.97 cr compared to Rs 3.42 cr for period ended Jun 2020, a rise of 45.3%
Operating Profits reported at Rs 1.51 cr for period ended Jun 2021 vis-vis 0.82 for period ended Jun 2020 .
Operating Margins expanded 640.6 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 3.61 compared to Rs 3.17 for previous quarter ended Mar 2021 and Rs 1.91 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 16.58 cr for period ended TTM vis-vis sales of Rs 15.02 cr for the period ended Mar 2021, a growth of 9.4%. The 3 year sales cagr stood at 11.4%.
Operating margins expanded to 32.93% for period ended TTM vis-vis 31.82% for period ended Mar 2021, expansion of 111.0 bps.
Net Profit reported at Rs 4.12 cr for period ended TTM vis-vis sales of Rs 3.54 cr for the period ended Mar 2021, rising 14.1%.
Company recorded a healthy Net Profit CAGR of 31.1% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 1.85 cr for period ended Mar 2021 vis-vis Rs -4.24 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 15.0% compared to 7.0% over the last 3 Years. – The stock has given a return of 70% on a 1 Year basis vis-vis a return of 2% over the last 3 Years. – The compounded sales growth on a TTM bassis is 36% vis-vis a compounded sales growth of -6% over the last 3 Years. – The compounded profit growth on a TTM basis is 1321% vis-vis a compounded profit growth of -17% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Jun 2021 public holding stood at 25.01% vis-vis 25.01% for Mar 2021
Conclusion
– is almost debt free.
-Stock is trading at 0.85 times its book value – The company has delivered a poor sales growth of 7.50% over past five years.
– has a low return on equity of 6.61% for last 3 years.
