Mehabe score: 5 G Factor: 5 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 5 and Piotski score of 8.
Description
TT is engaged in the Business of one segments consisting of Textile (comprising of yarn manufacturing, Knitting, and cutting and sewing of textiles products).Site:TTLMain Symbol:TTL
Stock trades at 69.6, above its 50dma 63.67. It also trades above its 200dma 52.72. The stock remains bullish on techicals
The 52 week high is at 75.40 and the 52week low is at 29.25
Price Chart
P/E Chart
Sales and Margin
Strengths
–
Weakness
– has low interest coverage ratio.
-The company has delivered a poor sales growth of -10.82% over past five years.
– has a low return on equity of 7.43% for last 3 years.
-Debtor days have increased from 32.57 to 42.78 days.
Competition
– The industry trades at a mean P/E of 24.8x. Garware Tech. trades at the industry’s max P/E of 45.24x. TTL trades at a P/E of 5.62x
– Industry’s mean G-Factor is 4.0 while the mean Piotski score is 8.0. TTL has a G-Factor of 5 and Piotski scoreof 8.
– Average 1 month return for industry is 13.0%. The max 1- month return was given by PDS Multi.: a return of 35.8 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 83.6 cr compared to Rs 67.84 cr for period ended Jun 2020, a rise of 23.2%
Operating Profits reported at Rs 11.48 cr for period ended Jun 2021 vis-vis 4.46 for period ended Jun 2020 .
Operating Margins expanded 715.8 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 1.94 compared to Rs -1.29 for previous quarter ended Mar 2021 and Rs -1.84 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 410.0 cr for period ended TTM vis-vis sales of Rs 394.0 cr for the period ended Mar 2021, a growth of 3.9%. The 3 year sales cagr stood at -7.9%.
Operating margins expanded to 11.0% for period ended TTM vis-vis 10.0% for period ended Mar 2021, expansion of 100.0 bps.
Net Profit reported at Rs 1.0 cr for period ended TTM vis-vis sales of Rs -8.0 cr for the period ended Mar 2021, rising 0%.
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 40.0 cr for period ended Mar 2021 vis-vis Rs 39.0 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 26.0% compared to 7.0% over the last 3 Years. – The stock has given a return of 134% on a 1 Year basis vis-vis a return of -6% over the last 3 Years. – The compounded sales growth on a TTM bassis is 7% vis-vis a compounded sales growth of -8% over the last 3 Years. – The compounded profit growth on a TTM basis is 575% vis-vis a compounded profit growth of 56% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Jun 2021 public holding stood at 41.94% vis-vis 41.94% for Mar 2021
Conclusion
– – has low interest coverage ratio.
-The company has delivered a poor sales growth of -10.82% over past five years.
– has a low return on equity of 7.43% for last 3 years.
-Debtor days have increased from 32.57 to 42.78 days.
