Mehabe score: 7 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
Oberoi Realty is engaged primarily in the business of real estate development and hospitality.(Source : 202003-01 Annual Report Page No:83)Site:OBEROIRLTY
Market Cap:
Rs 22,356 cr
Price:
615.0
Trading pe:
30.2x
Book-value:
258/share
Div yield:
0.00 %
Earning yield:
4.22%
Face-value:
10.0/share
52week high:
681.00
52week low:
330.85
Technical Analysis
Stock trades at 615.0, above its 50dma 598.55. It also trades above its 200dma 536.11. The stock remains bullish on techicals
The 52 week high is at 681.00 and the 52week low is at 330.85
Price Chart
P/E Chart
Sales and Margin
Strengths
–
Weakness
– Though the company is reporting repeated profits, it is not paying out dividend
– has a low return on equity of 9.10% for last 3 years.
-Promoter holding has decreased over last 3 years: -4.79%
Competition
– The industry trades at a mean P/E of 42.4x. Phoenix Mills trades at the industry’s max P/E of 266.95x. OBEROIRLTY trades at a P/E of 30.2x
– Industry’s mean G-Factor is 3.3 while the mean Piotski score is 7.0. OBEROIRLTY has a G-Factor of 4 and Piotski scoreof 6.
– Average 1 month return for industry is 8.2%. The max 1- month return was given by NBCC: a return of 16.55 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 790.0 cr compared to Rs 616.0 cr for period ended Mar 2020, a rise of 28.2%
Operating Profits reported at Rs 374.0 cr for period ended Mar 2021 vis-vis 371.0 for period ended Mar 2020 .
Operating Margins contracted -1288.6 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 7.89 compared to Rs 7.88 for previous quarter ended Dec 2020 and Rs 6.9 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 2053.0 cr for period ended Mar 2021 vis-vis sales of Rs 2238.0 cr for the period ended Mar 2020, a fall of 9.0%. The 3 year sales cagr stood at 17.5%.
Operating margins expanded to 49.0% for period ended Mar 2021 vis-vis 47.0% for period ended Mar 2020, expansion of 200.0 bps.
Net Profit reported at Rs 739.0 cr for period ended Mar 2021 vis-vis sales of Rs 689.0 cr for the period ended Mar 2020, rising 6.8%.
Company recorded a healthy Net Profit CAGR of 17.2% 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 703.0 cr for period ended Mar 2021 vis-vis Rs -282.0 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 8.0% compared to 9.0% over the last 3 Years. – The stock has given a return of 59% 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 -8% vis-vis a compounded sales growth of 18% over the last 3 Years. – The compounded profit growth on a TTM basis is 8% vis-vis a compounded profit growth of 17% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Mar 2021 fii holding stood at 24.85% vis-vis 25.61% for Dec 2020 – Public shareholding has remained largely constant. The Mar 2021 public holding stood at 2.57% vis-vis 2.25% for Dec 2020
Conclusion
– – Though the company is reporting repeated profits, it is not paying out dividend
– has a low return on equity of 9.10% for last 3 years.
-Promoter holding has decreased over last 3 years: -4.79%
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 598.55 and is trading at 615.0, thus bullish price action wise.
