Mehabe score: 2 G Factor: 5 Piotski Score: 6 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 5 and Piotski score of 6.
Description
Duke Offshore is engaged in the business of marine offshore vessels services.Site:531471
Market Cap:
Rs 15.4 cr
Price:
15.6
Trading pe:
x
Book-value:
11.0/share
Div yield:
0.00 %
Earning yield:
-12.23%
Face-value:
10.0/share
52week high:
16.94
52week low:
6.25
Technical Analysis
Stock trades at 15.6, above its 50dma 12.12. It also trades above its 200dma 10.53. The stock remains bullish on techicals
The 52 week high is at 16.94 and the 52week low is at 6.25
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is almost debt free.
-Debtor days have improved from 60.55 to 43.70 days.
Weakness
– has low interest coverage ratio.
-The company has delivered a poor sales growth of -14.42% over past five years.
– has a low return on equity of -5.44% for last 3 years.
-‘s cost of borrowing seems high
Competition
– The industry trades at a mean P/E of 90.3x. Jindal Drilling trades at the industry’s max P/E of 38.77x. 531471 trades at a P/E of x
– Industry’s mean G-Factor is 4.0 while the mean Piotski score is 7.0. 531471 has a G-Factor of 5 and Piotski scoreof 6.
– Average 1 month return for industry is 26.8%. The max 1- month return was given by Duke Offshore: a return of 32.07 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 0.38 cr compared to Rs 0.53 cr for period ended Mar 2020, a fall of 28.3%
Company reported negative operating profit of Rs -0.49 cr for period ended Mar 2021. For same period last year, operating profit was 0.11
The EPS for Mar 2021 was Rs -0.78 compared to Rs -0.42 for previous quarter ended Dec 2020 and Rs -0.16 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 1.67 cr for period ended Mar 2021 vis-vis sales of Rs 4.26 cr for the period ended Mar 2020, a fall of 155.1%. The 3 year sales cagr stood at -43.2%.
Operating margins shrank to -64.67% for period ended Mar 2021 vis-vis -34.27% for period ended Mar 2020, contraction of 3040.0 bps.
Net Profit reported at Rs -1.97 cr for period ended Mar 2021 vis-vis sales of Rs -2.69 cr for the period ended Mar 2020, rising 0%.
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 company has worsened on its Return on Equity (RoE) metric. The RoE on Last Year basis was -20.0% compared to -5.0% over the last 3 Years. – The stock has given a return of 83% on a 1 Year basis vis-vis a return of -9% over the last 3 Years. – The compounded sales growth on a TTM bassis is -74% vis-vis a compounded sales growth of -14% over the last 3 Years. – The compounded profit growth on a TTM basis is 43% vis-vis a compounded profit growth of % over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Mar 2021 public holding stood at 29.39% vis-vis 29.39% for Dec 2020
Conclusion
– has reduced debt.
– is almost debt free.
-Debtor days have improved from 60.55 to 43.70 days. – has low interest coverage ratio.
-The company has delivered a poor sales growth of -14.42% over past five years.
– has a low return on equity of -5.44% for last 3 years.
-‘s cost of borrowing seems high
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 12.12 and is trading at 15.6, thus bullish price action wise.
