Mehabe score: 4 G Factor: 6 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 6 and Piotski score of 6.
Description
Vitesse Agro is engaged in Business of Trading of Sugar.Site:540823
Market Cap:
Rs 11.3 cr
Price:
25.0
Trading pe:
7.29x
Book-value:
16.4/share
Div yield:
0.00 %
Earning yield:
12.68%
Face-value:
10.0/share
52week high:
91.80
52week low:
22.55
Technical Analysis
Stock trades at 25.0, below its 50dma 30.11 and below its 200dma 41.29. The stock remains bearish on technicals
The 52 week high is at 91.80 and the 52week low is at 22.55
Price Chart
P/E Chart
Sales and Margin
Strengths
– is expected to give good quarter
Weakness
– has a low return on equity of 4.15% for last 3 years.
– might be capitalizing the interest cost
Competition
– The industry trades at a mean P/E of 51.6x. 3M India trades at the industry’s max P/E of 183.67x. 540823 trades at a P/E of 7.29x
– Industry’s mean G-Factor is 4.4 while the mean Piotski score is 7.0. 540823 has a G-Factor of 6 and Piotski scoreof 6.
– Average 1 month return for industry is 3.9%. The max 1- month return was given by PTC India: a return of 18.35 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 3.53 cr compared to Rs 2.1 cr for period ended Mar 2020, a rise of 68.1%
Operating Profits reported at Rs 0.17 cr for period ended Mar 2021 vis-vis 0.17 for period ended Mar 2020 .
Operating Margins contracted -327.9 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 0.2 compared to Rs 2.04 for previous quarter ended Dec 2020 and Rs 0.31 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 20.0 cr for period ended Mar 2021 vis-vis sales of Rs 7.06 cr for the period ended Mar 2020, a healthy growth of 64.7%. The 3 year sales cagr stood at 135.6%.
Operating margins expanded to 11.85% for period ended Mar 2021 vis-vis 10.62% for period ended Mar 2020, expansion of 123.0 bps.
Net Profit reported at Rs 1.5 cr for period ended Mar 2021 vis-vis sales of Rs 0.43 cr for the period ended Mar 2020, rising 71.3%.
Company recorded a healthy Net Profit CAGR of 321.7% 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 company has improved its Return on Equity (RoE) metric. The RoE on Last Year basis was 9.0% compared to 4.0% over the last 3 Years. – The stock has given a return of -67% on a 1 Year basis vis-vis a return of % over the last 3 Years. – The compounded sales growth on a TTM bassis is 254% vis-vis a compounded sales growth of 32% over the last 3 Years. – The compounded profit growth on a TTM basis is 269% vis-vis a compounded profit growth of 121% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Mar 2021 public holding stood at 30.8% vis-vis 30.8% for Dec 2020
Conclusion
– is expected to give good quarter – has a low return on equity of 4.15% for last 3 years.
– might be capitalizing the interest cost
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 below its 50 DMA 30.11 and is trading at 25.0. Shows a near term lack of buying interest.
