Mehabe score: 2 G Factor: 1 Piotski Score: 3 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 1 and Piotski score of 3.
Description
Haryana Financial Corporation is an India-based financial services provider. The Company has stopped sanctioning of loans. Site:HARAFIN Main Symbol:HARAFIN
Stock trades at 24.6, below its 50dma 54.8 and below its 200dma 47.19. The stock remains bearish on technicals
The 52 week high is at 72.65 and the 52week low is at 27.50
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
– has delivered good profit growth of 25.39% CAGR over last 5 years
Weakness
– has a low return on equity of -0.38% for last 3 years.
Competition
– The industry trades at a mean P/E of 4.0x. Tour. Fin. Corp. trades at the industry’s max P/E of 6.57x. HARAFIN trades at a P/E of x
– Industry’s mean G-Factor is 4.4 while the mean Piotski score is 6.0. HARAFIN has a G-Factor of 1 and Piotski scoreof 3.
– Average 1 month return for industry is -2.8%. The max 1- month return was given by I R F C: a return of 0.45 %
Quarterly Results
.
Company reported negative operating profit of Rs -0.94 cr for period ended Dec 2021. For same period last year, operating profit was -0.6.
The EPS for quarter ended Dec 2021 is Rs -0.04 compared to Rs 1.16 for previous quarter ended Sep 2021 and Rs 0.0 for Dec 2020.
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 31.0 cr for period ended TTM vis-vis sales of Rs 0.0 cr for the period ended Mar 2021, a growth of 0%. The 3 year sales cagr stood at 214.1%.
Net Profit reported at Rs 23.0 cr for period ended TTM vis-vis sales of Rs 2.0 cr for the period ended Mar 2021, rising 91.3%.
Company recorded a healthy Net Profit CAGR of 56.5% 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 1.0% compared to 0.0% over the last 3 Years. – The stock has given a return of % on a 1 Year basis vis-vis a return of % over the last 3 Years. – The compounded sales growth on a TTM bassis is 2355% vis-vis a compounded sales growth of % over the last 3 Years. – The compounded profit growth on a TTM basis is 1199% vis-vis a compounded profit growth of 34% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Dec 2021 public holding stood at 0.54% vis-vis 0.54% for Sep 2021
Conclusion
– is almost debt free.
– has delivered good profit growth of 25.39% CAGR over last 5 years – has a low return on equity of -0.38% for last 3 years.
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 54.8 and is trading at 24.6. 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
