Mehabe score: 7 G Factor: 8 Piotski Score: 7 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 8 and Piotski score of 7.
Description
Gokul Agro Resources is engaged in business of Manufacturing & Trading of Edible & Non-Edible Oil, Meals and other Agro Products.Site:GOKULAGROMain Symbol:GOKULAGRO
Stock trades at 42.4, above its 50dma 39.87. It also trades above its 200dma 29.08. The stock remains bullish on techicals
The 52 week high is at 49.75 and the 52week low is at 12.36
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is expected to give good quarter
– has delivered good profit growth of 37.18% CAGR over last 5 years
Weakness
– Though the company is reporting repeated profits, it is not paying out dividend
– has a low return on equity of 9.09% for last 3 years.
-‘s cost of borrowing seems high
Competition
– The industry trades at a mean P/E of 31.6x. Manorama Indust. trades at the industry’s max P/E of 94.24x. GOKULAGRO trades at a P/E of 12.5x
– Industry’s mean G-Factor is 5.0 while the mean Piotski score is 7.0. GOKULAGRO has a G-Factor of 8 and Piotski scoreof 7.
– Average 1 month return for industry is 4.4%. The max 1- month return was given by Vijay Solvex: a return of 60.23 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 2688.0 cr compared to Rs 1471.0 cr for period ended Mar 2020, a rise of 82.7%
Operating Profits reported at Rs 45.0 cr for period ended Mar 2021 vis-vis 28.0 for period ended Mar 2020 .
Operating Margins contracted -22.9 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 1.44 compared to Rs 0.92 for previous quarter ended Dec 2020 and Rs 0.25 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 8387.0 cr for period ended Mar 2021 vis-vis sales of Rs 5584.0 cr for the period ended Mar 2020, a healthy growth of 33.4%. The 3 year sales cagr stood at 18.3%.
Net Profit reported at Rs 45.0 cr for period ended Mar 2021 vis-vis sales of Rs 19.0 cr for the period ended Mar 2020, rising 57.8%.
Company recorded a healthy Net Profit CAGR of 44.2% 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 147.0 cr for period ended Mar 2021 vis-vis Rs 114.0 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 14.0% compared to 9.0% over the last 3 Years. – The stock has given a return of 188% on a 1 Year basis vis-vis a return of 42% over the last 3 Years. – The compounded sales growth on a TTM bassis is 50% vis-vis a compounded sales growth of 18% over the last 3 Years. – The compounded profit growth on a TTM basis is 135% vis-vis a compounded profit growth of 43% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Jun 2021 public holding stood at 29.44% vis-vis 29.43% for Mar 2021
Conclusion
– has reduced debt.
– is expected to give good quarter
– has delivered good profit growth of 37.18% CAGR over last 5 years – Though the company is reporting repeated profits, it is not paying out dividend
– has a low return on equity of 9.09% for last 3 years.
-‘s cost of borrowing seems high
