Mehabe score: 6 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
AGL is engaged in City Gas Distribution (CGD) business and supplies natural gas to domestic, commercial, industrial and vehicle users.Site:ATGL
Market Cap:
Rs 152,588 cr
Price:
1387.0
Trading pe:
316.0x
Book-value:
17.8/share
Div yield:
0.02 %
Earning yield:
0.47%
Face-value:
1.00/share
52week high:
1680.00
52week low:
142.95
Technical Analysis
Stock trades at 1387.0, above its 50dma 1290.57. It also trades above its 200dma 768.48. The stock remains bullish on techicals
The 52 week high is at 1680.00 and the 52week low is at 142.95
Price Chart
P/E Chart
Sales and Margin
Strengths
– has delivered good profit growth of 42.03% CAGR over last 5 years
– has a good return on equity (ROE) track record: 3 Years ROE 28.77%
Weakness
– Stock is trading at 78.15 times its book value
-The company has delivered a poor sales growth of 8.48% over past five years.
Competition
– The industry trades at a mean P/E of 103.7x. Deep Energy trades at the industry’s max P/E of 322.23x. ATGL trades at a P/E of 316.0x
– Industry’s mean G-Factor is 5.0 while the mean Piotski score is 8.0. ATGL has a G-Factor of 6 and Piotski scoreof 6.
– Average 1 month return for industry is 6.1%. The max 1- month return was given by Guj.St.Petronet: a return of 22.02 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 584.0 cr compared to Rs 462.0 cr for period ended Mar 2020, a rise of 26.4%
Operating Profits reported at Rs 205.0 cr for period ended Mar 2021 vis-vis 168.0 for period ended Mar 2020 .
Operating Margins contracted -126.1 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 1.32 compared to Rs 1.32 for previous quarter ended Dec 2020 and Rs 1.11 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 1696.0 cr for period ended Mar 2021 vis-vis sales of Rs 1875.0 cr for the period ended Mar 2020, a fall of 10.6%. The 3 year sales cagr stood at 7.3%.
Operating margins expanded to 42.0% for period ended Mar 2021 vis-vis 32.0% for period ended Mar 2020, expansion of 1000.0 bps.
Net Profit reported at Rs 472.0 cr for period ended Mar 2021 vis-vis sales of Rs 436.0 cr for the period ended Mar 2020, rising 7.6%.
Company recorded a healthy Net Profit CAGR of 42.0% 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 654.0 cr for period ended Mar 2021 vis-vis Rs 492.0 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 28.0% compared to 29.0% over the last 3 Years. – The stock has given a return of 835% on a 1 Year basis vis-vis a return of % over the last 3 Years. – The compounded sales growth on a TTM bassis is -10% vis-vis a compounded sales growth of 7% over the last 3 Years. – The compounded profit growth on a TTM basis is 12% vis-vis a compounded profit growth of 44% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Mar 2021 fii holding stood at 19.12% vis-vis 20.27% for Dec 2020 – Public shareholding has remained largely constant. The Mar 2021 public holding stood at 3.92% vis-vis 4.15% for Dec 2020
Conclusion
– has delivered good profit growth of 42.03% CAGR over last 5 years
– has a good return on equity (ROE) track record: 3 Years ROE 28.77% – Stock is trading at 78.15 times its book value
-The company has delivered a poor sales growth of 8.48% over past five years.
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 1290.57 and is trading at 1387.0, thus bullish price action wise.
