Mehabe score: 7 G Factor: 5 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 5 and Piotski score of 6. Site:IRISDOREMEMain Symbol:www.nseindia.com
Stock trades at 189.0, above its 50dma 136.49. It also trades above its 200dma 92.59. The stock remains bullish on techicals
The 52 week high is at 192.40 and the 52week low is at 28.50
Price Chart
P/E Chart
Sales and Margin
Strengths
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Weakness
– Stock is trading at 7.95 times its book value
-Though the company is reporting repeated profits, it is not paying out dividend
Competition
– The industry trades at a mean P/E of 25.3x. Iris Clothings trades at the industry’s max P/E of 47.28x. IRISDOREME trades at a P/E of 47.3x
– Industry’s mean G-Factor is 3.6 while the mean Piotski score is 8.0. IRISDOREME has a G-Factor of 5 and Piotski scoreof 6.
– Average 1 month return for industry is 19.7%. The max 1- month return was given by Iris Clothings: a return of 54.43 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 19.39 cr compared to Rs 18.19 cr for period ended Mar 2020, a rise of 6.6%
Operating Profits reported at Rs 4.21 cr for period ended Jun 2021 vis-vis 2.96 for period ended Mar 2020 .
Operating Margins expanded 544.0 bps for period ended Jun 2021 vis-vis Mar 2020 .
The EPS for Jun 2021 was Rs 1.1 compared to Rs 1.28 for previous quarter ended Mar 2021 and Rs 0.45 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 87.89 cr for period ended Mar 2021 vis-vis sales of Rs 60.2 cr for the period ended Mar 2020, a healthy growth of 31.5%. The 3 year sales cagr stood at 18.5%.
Operating margins shrank to 19.1% for period ended Mar 2021 vis-vis 22.64% for period ended Mar 2020, contraction of 354.0 bps.
Net Profit reported at Rs 6.53 cr for period ended Mar 2021 vis-vis sales of Rs 3.94 cr for the period ended Mar 2020, rising 39.7%.
Company recorded a healthy Net Profit CAGR of 25.4% 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 8.98 cr for period ended Mar 2021 vis-vis Rs 5.53 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 18.0% compared to 18.0% over the last 3 Years. – The stock has given a return of 373% on a 1 Year basis vis-vis a return of % over the last 3 Years. – The compounded sales growth on a TTM bassis is 46% vis-vis a compounded sales growth of 18% over the last 3 Years. – The compounded profit growth on a TTM basis is 66% vis-vis a compounded profit growth of 25% over the last 3 Years.
Ratios
Conclusion
– – Stock is trading at 7.95 times its book value
-Though the company is reporting repeated profits, it is not paying out dividend
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 136.49 and is trading at 189.0, thus bullish price action wise.
