Mehabe score: 3 G Factor: 0 Piotski Score: 2 The stock has a rating SELL. 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 0 and Piotski score of 2.
Description
Billwin Industries is a manufacturer of Rainwear, Coverall, Mask, Winter garment, Inflatable boat, Sleeping bag. Site:BILLWIN Main Symbol:BILLWIN
Stock trades at 17.7, below its 50dma 20.96 and below its 200dma 31.37. The stock remains bearish on technicals
The 52 week high is at 39.20 and the 52week low is at 13.70
Price Chart
P/E Chart
Sales and Margin
Strengths
–
Weakness
– has low interest coverage ratio.
– has high debtors of 681.33 days.
Competition
– The industry trades at a mean P/E of 32.0x. Raymond trades at the industry’s max P/E of 272.97x. BILLWIN trades at a P/E of 62.8x
– Industry’s mean G-Factor is 2.0 while the mean Piotski score is 9.0. BILLWIN has a G-Factor of 0 and Piotski scoreof 2.
– Average 1 month return for industry is 16.9%. The max 1- month return was given by Jindal Worldwide: a return of 47.58 %
Quarterly Results
.
Company reported operating profit of Rs 0.31 cr for period ended Sep 2021 and operating profit margin at 11.0 % for same periodOperating profit was negative for the same period last year. Company has improved its margins this year.
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 7.44 cr for period ended TTM vis-vis sales of Rs 2.85 cr for the period ended Mar 2021, a healthy growth of 61.7%. The 3 year sales cagr stood at 130.2%.
Operating margins shrank to 6.99% for period ended TTM vis-vis 14.74% for period ended Mar 2021, contraction of 775.0 bps.
Net Profit reported at Rs 0.05 cr for period ended TTM vis-vis sales of Rs 0.06 cr for the period ended Mar 2021, falling 20.0%.
Company reported a poor Net Profit CAGR of -20.6% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities: Rs -1.6 cr for period ended Mar 2021 vis-vis Rs -4.11 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 2.0% compared to 0% over the last 3 Years. – The stock has given a return of -50% on a 1 Year basis vis-vis a return of % over the last 3 Years. – The compounded sales growth on a TTM bassis is 146% vis-vis a compounded sales growth of % over the last 3 Years. – The compounded profit growth on a TTM basis is -57% vis-vis a compounded profit growth of % over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Dec 2021 public holding stood at 31.12% vis-vis 31.12% for Sep 2021
Conclusion
– – has low interest coverage ratio.
– has high debtors of 681.33 days.
Fundamentally, the stock remains weak. The business fundamentals are on shaky ground. Weak near term results have dampened and questioned business drivers. We suggest to wait for a upturn in business performance.
Technically, the stock reflects the poor fundamentals. The stock remains below its 50 DMA 20.96 and is trading at 17.7. It has shown near term lack of bullish momentum. We suggest to observe price action. However as investors, who like to avoid timing the markets, we suggest to avoid the stock
