Mehabe score: 4 G Factor: 3 Piotski Score: 3 The stock has a rating OBSERVE & 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 3 and Piotski score of 3.
Description
Athena Global Technologies is engaged in the Business of Software Development and Real Estate . Site:ATHENAGLO Main Symbol:ATHENAGLO
Stock trades at 90.2, above its 50dma 8.42. It also trades above its 200dma 15.91. The stock remains bullish on techicals
The 52 week high is at 10.00 and the 52week low is at 4.01
Price Chart
P/E Chart
Sales and Margin
Strengths
– Debtor days have improved from 89.19 to 68.63 days.
Weakness
– has low interest coverage ratio.
-Earnings include an other income of Rs.9.55 Cr.
-‘s cost of borrowing seems high
Competition
– The industry trades at a mean P/E of 38.6x. Tata Elxsi trades at the industry’s max P/E of 86.84x. ATHENAGLO trades at a P/E of x
– Industry’s mean G-Factor is 3.1 while the mean Piotski score is 9.0. ATHENAGLO has a G-Factor of 3 and Piotski scoreof 3.
– Average 1 month return for industry is 5.4%. The max 1- month return was given by Athena Global: a return of 22.96 %
Quarterly Results
Sales for period ended Dec 2021 is Rs 3.75 cr compared to Rs 6.36 cr for period ended Dec 2020, a fall of 41.0%
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Company reported negative operating profit of Rs -3.44 cr for period ended Dec 2021. For same period last year, operating profit was -0.35.
The EPS for quarter ended Dec 2021 is Rs -2.82 compared to Rs -1.0 for previous quarter ended Sep 2021 and Rs -1.97 for Dec 2020.
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 23.55 cr for period ended TTM vis-vis sales of Rs 26.06 cr for the period ended Mar 2021, a fall of 10.7%. The 3 year sales cagr stood at 18.5%.
Operating margins shrank to -21.27% for period ended TTM vis-vis -6.29% for period ended Mar 2021, contraction of 1498.0 bps.
Net Profit reported at Rs -5.61 cr for period ended TTM vis-vis sales of Rs -5.86 cr for the period ended Mar 2021, rising 0%.
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The stock has given a return of 132% on a 1 Year basis vis-vis a return of 29% over the last 3 Years. – The compounded sales growth on a TTM bassis is -13% vis-vis a compounded sales growth of 48% over the last 3 Years. – The compounded profit growth on a TTM basis is 18% vis-vis a compounded profit growth of % over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Sep 2021 public holding stood at 45.72% vis-vis 45.72% for Jun 2021
Conclusion
– Debtor days have improved from 89.19 to 68.63 days. – has low interest coverage ratio.
-Earnings include an other income of Rs.9.55 Cr.
-‘s cost of borrowing seems high
Fundamentally, the stock remains weak on business fundamentals. Weak near term results have dampened and questioned business drivers. We suggest to wait for a upturn in business performance.
Technically, the stock trades above its 50 DMA 8.42 and is trading at 90.2 It has shown near term bullish momentum contrary to business fundamentals. We suggest to observe price action. However as investors, who like to avoid timing the markets, we suggest to avoid the stock
