Mehabe score: 4 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
GTPL was established in 2006, by Mr. Anirudhsinhji Jadeja, Mr. Kanaksinh Rana, and other MSOs, such as Gujarat Telelink Pvt Ltd. It provides services such as analogue cable TV, digital cable TV, and broadband internet in states such as Gujarat, West Bengal, and Maharashtra. The company got its present name after Hathway Cable & Datacom Ltd (HCDL) bought a 50% stake in fiscal 2008. The company got listed on the BSE & NSE in July 2017. Site:GTPL Main Symbol:GTPL
Stock trades at 213.0, above its 50dma 205.04. However it is trading below its 200dma 215.24. The stock remains weak though short term bullish momentum supports price action. It needs to close above 215.24 for bullish price action to continue
The 52 week high is at 313.90 and the 52week low is at 117.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– has delivered good profit growth of 38.89% CAGR over last 5 years
– has been maintaining a healthy dividend payout of 29.95%
-‘s median sales growth is 18.24% of last 10 years
Weakness
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Competition
– The industry trades at a mean P/E of 40.3x. Saregama India trades at the industry’s max P/E of 68.01x. GTPL trades at a P/E of 11.5x
– Industry’s mean G-Factor is 3.5 while the mean Piotski score is 8.0. GTPL has a G-Factor of 5 and Piotski scoreof 8.
– Average 1 month return for industry is 12.4%. The max 1- month return was given by Inox Leisure: a return of 21.14 %
Quarterly Results
Sales for period ended Mar 2022 is Rs 617.0 cr compared to Rs 749.0 cr for period ended Mar 2021, a fall of 17.6%
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vis-vis 116.0 for period ended Mar 2021 .
Operating Margins expanded 542.0 bps for period ended Mar 2022 vis-vis Mar 2021.
Company reported operating profit of Rs 129.0 cr for period ended Mar 2022 and operating profit margin at 20.9 % for same period.
The EPS for quarter ended Mar 2022 is Rs 4.84 compared to Rs 4.86 for previous quarter ended Dec 2021 and Rs 5.06 for Mar 2021.
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 2414.0 cr for period ended Mar 2022 vis-vis sales of Rs 2467.0 cr for the period ended Mar 2021, a fall of 2.2%. The 3 year sales cagr stood at 24.7%.
Operating margins expanded to 22.0% for period ended Mar 2022 vis-vis 21.0% for period ended Mar 2021, expansion of 100.0 bps.
Net Profit reported at Rs 200.0 cr for period ended Mar 2022 vis-vis sales of Rs 188.0 cr for the period ended Mar 2021, rising 6.0%.
Company recorded a healthy Net Profit CAGR of 119.2% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
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 24.0% compared to 22.0% over the last 3 Years. – The stock has given a return of 77% on a 1 Year basis vis-vis a return of 44% over the last 3 Years. – The compounded sales growth on a TTM bassis is -2% vis-vis a compounded sales growth of 25% over the last 3 Years. – The compounded profit growth on a TTM basis is 6% vis-vis a compounded profit growth of 97% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Mar 2022 fii holding stood at 10.33% vis-vis 9.93% for Dec 2021 – Public shareholding has remained largely constant. The Mar 2022 public holding stood at 14.31% vis-vis 14.7% for Dec 2021
Conclusion
– has delivered good profit growth of 38.89% CAGR over last 5 years
– has been maintaining a healthy dividend payout of 29.95%
-‘s median sales growth is 18.24% of last 10 years –
