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
Tinna Trade is primarily engaged in the trading of Agro commoditiesSite:541741Main Symbol:TINNATFL
Stock trades at 15.8, below its 50dma 16.18 and below its 200dma 18.81. The stock remains bearish on technicals
The 52 week high is at 20.30 and the 52week low is at 11.56
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
-Stock is trading at 0.51 times its book value
Weakness
– has low interest coverage ratio.
– has a low return on equity of -3.47% for last 3 years.
-Contingent liabilities of Rs.4.88 Cr.
-Earnings include an other income of Rs.3.82 Cr.
Competition
– The industry trades at a mean P/E of 41.7x. 3M India trades at the industry’s max P/E of 124.94x. 541741 trades at a P/E of x
– Industry’s mean G-Factor is 3.8 while the mean Piotski score is 7.0. 541741 has a G-Factor of 5 and Piotski scoreof 6.
– Average 1 month return for industry is -3.2%. The max 1- month return was given by Redington India: a return of 6.24 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 51.55 cr compared to Rs 44.52 cr for period ended Mar 2020, a rise of 15.8%
Company reported negative operating profit of Rs -0.01 cr for period ended Mar 2021. For same period last year, operating profit was -0.64
The EPS for Mar 2021 was Rs -0.72 compared to Rs 0.7 for previous quarter ended Dec 2020 and Rs -2.01 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 245.0 cr for period ended Mar 2021 vis-vis sales of Rs 303.0 cr for the period ended Mar 2020, a fall of 23.7%. The 3 year sales cagr stood at -19.2%.
Net Profit reported at Rs -2.0 cr for period ended Mar 2021 vis-vis sales of Rs -3.0 cr for the period ended Mar 2020, rising 0%.
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 3.0 cr for period ended Mar 2021 vis-vis Rs -13.0 cr for period ended Mar 2020
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The stock has given a return of -7% on a 1 Year basis vis-vis a return of % over the last 3 Years. – The compounded sales growth on a TTM bassis is -19% vis-vis a compounded sales growth of -19% over the last 3 Years. – The compounded profit growth on a TTM basis is 47% vis-vis a compounded profit growth of % over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Jun 2021 public holding stood at 25.86% vis-vis 25.86% for Mar 2021
Conclusion
– has reduced debt.
-Stock is trading at 0.51 times its book value – has low interest coverage ratio.
– has a low return on equity of -3.47% for last 3 years.
-Contingent liabilities of Rs.4.88 Cr.
-Earnings include an other income of Rs.3.82 Cr.
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 16.18 and is trading at 15.8. Shows a near term lack of buying interest.
