Mehabe score: 2 G Factor: 2 Piotski Score: 4 The stock has a rating OBSERVE & 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 2 and Piotski score of 4.
Description
Aspinwall & Company is engaged in diversified business activities comprising logistics services across 9 branches in India, rubber plantations at Malappuram, coffee processing and trading at Mangalore, natural fiber division at Aleppey and Pollachi.(Source : 201903 Annual Report Page No: 65)Site:ASPINWALL
Market Cap:
Rs 173 cr
Price:
221.0
Trading pe:
31.9x
Book-value:
172/share
Div yield:
1.13 %
Earning yield:
5.31%
Face-value:
10.0/share
52week high:
233.70
52week low:
93.75
Technical Analysis
Stock trades at 221.0, above its 50dma 194.33. It also trades above its 200dma 166.67. The stock remains bullish on techicals
The 52 week high is at 233.70 and the 52week low is at 93.75
Price Chart
P/E Chart
Sales and Margin
Strengths
–
Weakness
– The company has delivered a poor sales growth of 2.55% over past five years.
– has a low return on equity of 5.27% for last 3 years.
-Earnings include an other income of Rs.8.31 Cr.
-Debtor days have increased from 49.19 to 59.45 days.
Competition
– The industry trades at a mean P/E of 44.8x. 3M India trades at the industry’s max P/E of 190.65x. ASPINWALL trades at a P/E of 31.9x
– Industry’s mean G-Factor is 3.5 while the mean Piotski score is 7.0. ASPINWALL has a G-Factor of 2 and Piotski scoreof 4.
– Average 1 month return for industry is 11.4%. The max 1- month return was given by Redington India: a return of 42.32 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 77.75 cr compared to Rs 71.89 cr for period ended Mar 2020, a rise of 8.2%
Company reported operating profit of Rs 4.35 cr for period ended Mar 2021, operating profit margin at 5.6 %.
Operating profit was negative for the same period last year thus company has improved its margins this year
The EPS for Mar 2021 was Rs 2.99 compared to Rs 5.31 for previous quarter ended Dec 2020 and Rs 2.06 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 253.0 cr for period ended Mar 2021 vis-vis sales of Rs 256.0 cr for the period ended Mar 2020, a fall of 1.2%. The 3 year sales cagr stood at -3.7%.
Net Profit reported at Rs 6.0 cr for period ended Mar 2021 vis-vis sales of Rs -0.0 cr for the period ended Mar 2020, rising 100.0%.
Company reported a poor Net Profit CAGR of -22.7% 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 worsened on its Return on Equity (RoE) metric. The RoE on Last Year basis was -0.0% compared to 5.0% over the last 3 Years. – The stock has given a return of 118% on a 1 Year basis vis-vis a return of -10% over the last 3 Years. – The compounded sales growth on a TTM bassis is -2% vis-vis a compounded sales growth of 1% over the last 3 Years. – The compounded profit growth on a TTM basis is 34% vis-vis a compounded profit growth of % over the last 3 Years.
Ratios
Conclusion
– – The company has delivered a poor sales growth of 2.55% over past five years.
– has a low return on equity of 5.27% for last 3 years.
-Earnings include an other income of Rs.8.31 Cr.
-Debtor days have increased from 49.19 to 59.45 days.
Fundamentally, the stock remains weak on business fundamentals. Weak near term results have dampened and questioned business drivers. We suggest to wait for a upturn in business performance.
Technically, the stock trades above its 50 DMA 194.33 and is trading at 221.0 It has shown near term bullish momentum contrary to business fundamentals. We suggest to observe price action. However as investors, who like to avoid timing the markets, we suggest to avoid the stock
