Mehabe score: 6 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
Commercial Engrs.& Body Builders Co.Ltd. We are one of the leading designers and manufacturers in India of vehicle bodies for commercial vehicles with an extensive portfolio of product offerings.Site:CEBBCOMain Symbol:CEBBCO
Stock trades at 36.8, above its 50dma 32.93. It also trades above its 200dma 26.42. The stock remains bullish on techicals
The 52 week high is at 43.25 and the 52week low is at 12.85
Price Chart
P/E Chart
Sales and Margin
Strengths
– is expected to give good quarter
Weakness
– Stock is trading at 2.81 times its book value
– has a low return on equity of -6.42% for last 3 years.
-Promoters have pledged 84.09% of their holding.
-Debtor days have increased from 36.48 to 47.18 days.
Competition
– The industry trades at a mean P/E of 20.9x. HLE Glascoat trades at the industry’s max P/E of 144.91x. CEBBCO trades at a P/E of 26.4x
– Industry’s mean G-Factor is 3.9 while the mean Piotski score is 8.0. CEBBCO has a G-Factor of 5 and Piotski scoreof 8.
– Average 1 month return for industry is 2.8%. The max 1- month return was given by Thermax: a return of 10.5 %
Quarterly Results
Sales for period ended Sep 2021 is Rs 96.34 cr compared to Rs 69.37 cr for period ended Sep 2020, a rise of 38.9%
Operating Profits reported at Rs 5.96 cr for period ended Sep 2021 vis-vis 4.15 for period ended Sep 2020 .
Operating Margins expanded 20.4 bps for period ended Sep 2021 vis-vis Sep 2020 .
The EPS for Sep 2021 was Rs 0.2 compared to Rs -0.41 for previous quarter ended Jun 2021 and Rs 0.05 for Sep 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 416.0 cr for period ended TTM vis-vis sales of Rs 363.0 cr for the period ended Mar 2021, a healthy growth of 12.7%. The 3 year sales cagr stood at 24.4%.
Net Profit reported at Rs 12.0 cr for period ended TTM vis-vis sales of Rs 12.0 cr for the period ended Mar 2021,
Company reported a poor Net Profit CAGR of -48.7% 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 17.0 cr for period ended Mar 2021 vis-vis Rs -15.0 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 11.0% compared to -6.0% over the last 3 Years. – The stock has given a return of 174% on a 1 Year basis vis-vis a return of 38% over the last 3 Years. – The compounded sales growth on a TTM bassis is 147% vis-vis a compounded sales growth of 55% over the last 3 Years. – The compounded profit growth on a TTM basis is 351% vis-vis a compounded profit growth of 33% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Sep 2021 public holding stood at 30.02% vis-vis 30.02% for Jun 2021
Conclusion
– is expected to give good quarter – Stock is trading at 2.81 times its book value
– has a low return on equity of -6.42% for last 3 years.
-Promoters have pledged 84.09% of their holding.
-Debtor days have increased from 36.48 to 47.18 days.
