Mehabe score: 8 G Factor: 6 Piotski Score: 8 The stock has a rating . 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 8.
Description
Central Depository Services (India) Limited operates as a securities depository in India. The Company offers service for a range of clients, such as depositary participants and other capital market intermediaries, corporates, capital market intermediaries, insurance companies and others.Site:CDSLMain Symbol:www.nseindia.com
Stock trades at 1331.0, above its 50dma 1105.8. It also trades above its 200dma 768.15. The stock remains bullish on techicals
The 52 week high is at 1579.00 and the 52week low is at 337.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
– is expected to give good quarter
– has delivered good profit growth of 24.10% CAGR over last 5 years
– has been maintaining a healthy dividend payout of 42.69%
-Debtor days have improved from 34.34 to 25.21 days.
Weakness
– Stock is trading at 15.86 times its book value
-Promoter holding has decreased over last 3 years: -4.00%
Competition
– The industry trades at a mean P/E of 28.7x. Jubilant Ingrevia trades at the industry’s max P/E of 148.94x. CDSL trades at a P/E of 63.8x
– Industry’s mean G-Factor is 4.0 while the mean Piotski score is 9.0. CDSL has a G-Factor of 6 and Piotski scoreof 8.
– Average 1 month return for industry is 12.0%. The max 1- month return was given by C D S L: a return of 35.6 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 117.0 cr compared to Rs 65.0 cr for period ended Jun 2020, a rise of 80.0%
Operating Profits reported at Rs 74.0 cr for period ended Jun 2021 vis-vis 38.0 for period ended Jun 2020 .
Operating Margins expanded 478.6 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 6.11 compared to Rs 4.95 for previous quarter ended Mar 2021 and Rs 4.42 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 396.0 cr for period ended TTM vis-vis sales of Rs 344.0 cr for the period ended Mar 2021, a healthy growth of 13.1%. The 3 year sales cagr stood at 26.4%.
Operating margins expanded to 63.0% for period ended TTM vis-vis 62.0% for period ended Mar 2021, expansion of 100.0 bps.
Net Profit reported at Rs 218.0 cr for period ended TTM vis-vis sales of Rs 200.0 cr for the period ended Mar 2021, rising 8.3%.
Company recorded a healthy Net Profit CAGR of 24.1% 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 193.0 cr for period ended Mar 2021 vis-vis Rs 82.0 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 improved its Return on Equity (RoE) metric. The RoE on Last Year basis was 25.0% compared to 20.0% over the last 3 Years. – The stock has given a return of 281% on a 1 Year basis vis-vis a return of 71% over the last 3 Years. – The compounded sales growth on a TTM bassis is 71% vis-vis a compounded sales growth of 22% over the last 3 Years. – The compounded profit growth on a TTM basis is 75% vis-vis a compounded profit growth of 25% over the last 3 Years.
Ratios
Conclusion
– is almost debt free.
– is expected to give good quarter
– has delivered good profit growth of 24.10% CAGR over last 5 years
– has been maintaining a healthy dividend payout of 42.69%
-Debtor days have improved from 34.34 to 25.21 days. – Stock is trading at 15.86 times its book value
-Promoter holding has decreased over last 3 years: -4.00%
