Mehabe score: 3 G Factor: 4 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 4 and Piotski score of 6.
Description
BF Utilities is an India-based holding company. The Company is engaged in the business of wind power generation. The Company operates through two segments: Wind energy and Infrastructure.Site:BFUTILITIE
Market Cap:
Rs 1,678 cr
Price:
445.0
Trading pe:
x
Book-value:
-64.1/share
Div yield:
0.00 %
Earning yield:
5.50%
Face-value:
5.00/share
52week high:
474.00
52week low:
174.50
Technical Analysis
Stock trades at 445.0, above its 50dma 302.94. It also trades above its 200dma 272.49. The stock remains bullish on techicals
The 52 week high is at 474.00 and the 52week low is at 174.50
Price Chart
P/E Chart
Sales and Margin
Strengths
– ‘s median sales growth is 19.42% of last 10 years
Weakness
– has low interest coverage ratio.
Competition
– The industry trades at a mean P/E of 21.4x. Adani Green trades at the industry’s max P/E of 906.9x. BFUTILITIE trades at a P/E of x
– Industry’s mean G-Factor is 3.4 while the mean Piotski score is 8.0. BFUTILITIE has a G-Factor of 4 and Piotski scoreof 6.
– Average 1 month return for industry is 25.2%. The max 1- month return was given by Adani Power: a return of 54.8 %
Quarterly Results
Sales for period ended Dec 2020 is Rs 111.39 cr compared to Rs 108.75 cr for period ended Dec 2019, a rise of 2.4%
Operating Profits reported at Rs 80.16 cr for period ended Dec 2020 vis-vis 68.95 for period ended Dec 2019 .
Operating Margins expanded 856.1 bps for period ended Dec 2020 vis-vis Dec 2019 .
The EPS for Dec 2020 was Rs 2.31 compared to Rs -1.65 for previous quarter ended Sep 2020 and Rs 1.29 for Dec 2019
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 457.0 cr for period ended TTM vis-vis sales of Rs 535.0 cr for the period ended Mar 2020, a fall of 17.1%. The 3 year sales cagr stood at 4.5%.
Operating margins shrank to 45.0% for period ended TTM vis-vis 55.0% for period ended Mar 2020, contraction of 1000.0 bps.
Net Profit reported at Rs -21.0 cr for period ended TTM vis-vis sales of Rs 20.0 cr for the period ended Mar 2020, falling 0%.
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The stock has given a return of 133% on a 1 Year basis vis-vis a return of 8% over the last 3 Years. – The compounded sales growth on a TTM bassis is 2% vis-vis a compounded sales growth of 17% over the last 3 Years. – The compounded profit growth on a TTM basis is -139% vis-vis a compounded profit growth of 118% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Mar 2021 fii holding stood at 0.28% vis-vis 0.27% for Dec 2020 – Public shareholding has remained largely constant. The Mar 2021 public holding stood at 43.63% vis-vis 43.64% for Dec 2020
Conclusion
– ‘s median sales growth is 19.42% of last 10 years – has low interest coverage ratio.
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 302.94 and is trading at 445.0, thus bullish price action wise.
