Mehabe score: 7 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
Tuni Textile Mills is engaged in the business of manufacturing of Grey Fabrics (Cotton and Cotton Mixture Fabrics).Site:531411Main Symbol:TUNITEX
Stock trades at 1.58, above its 50dma 1.56. It also trades above its 200dma 0.9. The stock remains bullish on techicals
The 52 week high is at 2.58 and the 52week low is at 0.24
Price Chart
P/E Chart
Sales and Margin
Strengths
– is expected to give good quarter
Weakness
– has low interest coverage ratio.
-The company has delivered a poor sales growth of -9.59% over past five years.
-Promoter holding is low: 21.73%
– has a low return on equity of -0.08% for last 3 years.
– has high debtors of 166.08 days.
Competition
– The industry trades at a mean P/E of 14.3x. Alok Industries trades at the industry’s max P/E of 187.64x. 531411 trades at a P/E of 188.0x
– Industry’s mean G-Factor is 3.5 while the mean Piotski score is 8.0. 531411 has a G-Factor of 4 and Piotski scoreof 8.
– Average 1 month return for industry is 2.7%. The max 1- month return was given by Faze Three: a return of 24.6 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 6.55 cr compared to Rs 0.11 cr for period ended Jun 2020, a rise of 5854.5%
Company reported operating profit of Rs 0.31 cr for period ended Jun 2021, operating profit margin at 4.7 %.
Operating profit was negative for the same period last year thus company has improved its margins this year
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 31.78 cr for period ended TTM vis-vis sales of Rs 25.34 cr for the period ended Mar 2021, a healthy growth of 20.3%. The 3 year sales cagr stood at -2.9%.
Operating margins expanded to 5.57% for period ended TTM vis-vis 5.05% for period ended Mar 2021, expansion of 52.0 bps.
Net Profit reported at Rs 0.45 cr for period ended TTM vis-vis sales of Rs 0.11 cr for the period ended Mar 2021, rising 75.6%.
Company recorded a healthy Net Profit CAGR of 41.2% 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 1.34 cr for period ended Mar 2021 vis-vis Rs 0.69 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 had stable/constant Return on Equity (RoE) metric. The RoE on Last Year basis was 1.0% compared to 0.0% over the last 3 Years. – The stock has given a return of 485% on a 1 Year basis vis-vis a return of 61% over the last 3 Years. – The compounded sales growth on a TTM bassis is -1% vis-vis a compounded sales growth of -9% over the last 3 Years. – The compounded profit growth on a TTM basis is 137% vis-vis a compounded profit growth of 29% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Jun 2021 public holding stood at 77.89% vis-vis 77.89% for Mar 2021
Conclusion
– is expected to give good quarter – has low interest coverage ratio.
-The company has delivered a poor sales growth of -9.59% over past five years.
-Promoter holding is low: 21.73%
– has a low return on equity of -0.08% for last 3 years.
– has high debtors of 166.08 days.
