Mehabe score: 6 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.
Description
Prakash Pipes is engaged in the Manufacturing of PVC pipes and Packaging Products.(Source : 201903 Annual Report Page No: 13)Site:PPLMain Symbol:PPL
Stock trades at 171.0, above its 50dma 167.9. It also trades above its 200dma 130.52. The stock remains bullish on techicals
The 52 week high is at 194.70 and the 52week low is at 58.15
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is almost debt free.
Weakness
–
Competition
– The industry trades at a mean P/E of 29.4x. Astral trades at the industry’s max P/E of 102.96x. PPL trades at a P/E of 11.4x
– Industry’s mean G-Factor is 5.0 while the mean Piotski score is 9.0. PPL has a G-Factor of 5 and Piotski scoreof 6.
– Average 1 month return for industry is -0.3%. The max 1- month return was given by Nilkamal Ltd: a return of 16.19 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 122.0 cr compared to Rs 88.0 cr for period ended Jun 2020, a rise of 38.6%
Operating Profits reported at Rs 17.0 cr for period ended Jun 2021 vis-vis 12.0 for period ended Jun 2020 .
Operating Margins expanded 29.8 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 4.42 compared to Rs 4.25 for previous quarter ended Mar 2021 and Rs 3.57 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 509.0 cr for period ended TTM vis-vis sales of Rs 476.0 cr for the period ended Mar 2021, a growth of 6.5%. The 3 year sales cagr stood at 14.3%.
Net Profit reported at Rs 39.0 cr for period ended TTM vis-vis sales of Rs 36.0 cr for the period ended Mar 2021, rising 7.7%.
Company recorded a healthy Net Profit CAGR of 10.4% 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 30.0 cr for period ended Mar 2021 vis-vis Rs 14.0 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 22.0% compared to 0% over the last 3 Years. – The stock has given a return of 186% on a 1 Year basis vis-vis a return of % over the last 3 Years. – The compounded sales growth on a TTM bassis is 24% vis-vis a compounded sales growth of % over the last 3 Years. – The compounded profit growth on a TTM basis is 45% vis-vis a compounded profit growth of % over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 0.07% vis-vis 0.14% for Mar 2021 – Public shareholding has remained largely constant. The Jun 2021 public holding stood at 59.5% vis-vis 59.43% for Mar 2021
Conclusion
– has reduced debt.
– is almost debt free. –
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 167.9 and is trading at 171.0, thus bullish price action wise.
