Mehabe score: 3 G Factor: 4 Piotski Score: 5 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 5.
Description
Oswal Greentech Limited. The Company is engaged in real estate promotion and development in residential and commercial segment, investment and trading activities.Site:BINDALAGRO
Market Cap:
Rs 684 cr
Price:
26.6
Trading pe:
8.26x
Book-value:
94.2/share
Div yield:
0.00 %
Earning yield:
18.62%
Face-value:
10.0/share
52week high:
34.45
52week low:
9.40
Technical Analysis
Stock trades at 26.6, above its 50dma 22.97. It also trades above its 200dma 17.82. The stock remains bullish on techicals
The 52 week high is at 34.45 and the 52week low is at 9.40
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
-Stock is trading at 0.28 times its book value
Weakness
– Though the company is reporting repeated profits, it is not paying out dividend
-The company has delivered a poor sales growth of 6.80% over past five years.
– has a low return on equity of 2.59% for last 3 years.
-Contingent liabilities of Rs.221.25 Cr.
-Earnings include an other income of Rs.76.31 Cr.
Competition
– The industry trades at a mean P/E of 22.3x. SBI Cards trades at the industry’s max P/E of 92.89x. BINDALAGRO trades at a P/E of 8.26x
– Industry’s mean G-Factor is 4.5 while the mean Piotski score is 7.0. BINDALAGRO has a G-Factor of 4 and Piotski scoreof 5.
– Average 1 month return for industry is 2.9%. The max 1- month return was given by Muthoot Finance: a return of 15.42 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 6.0 cr compared to Rs 4.0 cr for period ended Mar 2020, a rise of 50.0%
Company reported negative operating profit of Rs -3.0 cr for period ended Mar 2021. For same period last year, operating profit was 40.0
The EPS for Mar 2021 was Rs 0.48 compared to Rs 0.17 for previous quarter ended Dec 2020 and Rs 1.13 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 19.0 cr for period ended Mar 2021 vis-vis sales of Rs 116.0 cr for the period ended Mar 2020, a fall of 510.5%. The 3 year sales cagr stood at -43.1%.
Operating margins shrank to -54.0% for period ended Mar 2021 vis-vis 111.0% for period ended Mar 2020, contraction of 16500.0 bps.
Net Profit reported at Rs 50.0 cr for period ended Mar 2021 vis-vis sales of Rs 71.0 cr for the period ended Mar 2020, falling 42.0%.
Company recorded a Net Profit CAGR of 5.2% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities: Rs 0.0 cr for period ended Mar 2021 vis-vis Rs -43.0 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 4.0% compared to 3.0% over the last 3 Years. – The stock has given a return of 83% on a 1 Year basis vis-vis a return of 7% over the last 3 Years. – The compounded sales growth on a TTM bassis is -14% vis-vis a compounded sales growth of 4% over the last 3 Years. – The compounded profit growth on a TTM basis is 44% vis-vis a compounded profit growth of 12% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Mar 2021 fii holding stood at 7.93% vis-vis 7.99% for Dec 2020 – Public shareholding has remained largely constant. The Mar 2021 public holding stood at 27.72% vis-vis 27.66% for Dec 2020
Conclusion
– is almost debt free.
-Stock is trading at 0.28 times its book value – Though the company is reporting repeated profits, it is not paying out dividend
-The company has delivered a poor sales growth of 6.80% over past five years.
– has a low return on equity of 2.59% for last 3 years.
-Contingent liabilities of Rs.221.25 Cr.
-Earnings include an other income of Rs.76.31 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 above its 50 DMA 22.97 and is trading at 26.6, thus bullish price action wise.
