Mehabe score: 4 G Factor: 5 Piotski Score: 9 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 9.
Description
Indian Metals & Ferro Alloys is engaged in the business of leading, fully integrated producer of ferro chrome in India.Site:IMFAMain Symbol:IMFA
Stock trades at 731.0, above its 50dma 553.11. It also trades above its 200dma 427.41. The stock remains bullish on techicals
The 52 week high is at 695.60 and the 52week low is at 159.95
Price Chart
P/E Chart
Sales and Margin
Strengths
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Weakness
– The company has delivered a poor sales growth of 8.77% over past five years.
– has a low return on equity of 2.62% for last 3 years.
Competition
– The industry trades at a mean P/E of 20.7x. KIOCL trades at the industry’s max P/E of 52.72x. IMFA trades at a P/E of 8.21x
– Industry’s mean G-Factor is 5.6 while the mean Piotski score is 9.0. IMFA has a G-Factor of 5 and Piotski scoreof 9.
– Average 1 month return for industry is 3.2%. The max 1- month return was given by Indian Metals: a return of 31.78 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 538.0 cr compared to Rs 405.0 cr for period ended Jun 2020, a rise of 32.8%
Operating Profits reported at Rs 173.0 cr for period ended Jun 2021 vis-vis 63.0 for period ended Jun 2020 .
Operating Margins expanded 1660.1 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 36.68 compared to Rs 24.24 for previous quarter ended Mar 2021 and Rs 9.16 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 1977.0 cr for period ended TTM vis-vis sales of Rs 1844.0 cr for the period ended Mar 2021, a growth of 6.7%. The 3 year sales cagr stood at 6.6%.
Operating margins expanded to 23.0% for period ended TTM vis-vis 18.0% for period ended Mar 2021, expansion of 500.0 bps.
Net Profit reported at Rs 240.0 cr for period ended TTM vis-vis sales of Rs 167.0 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 company has improved its Return on Equity (RoE) metric. The RoE on Last Year basis was 14.0% compared to 3.0% over the last 3 Years. – The stock has given a return of 333% on a 1 Year basis vis-vis a return of 32% over the last 3 Years. – The compounded sales growth on a TTM bassis is 26% vis-vis a compounded sales growth of 1% over the last 3 Years. – The compounded profit growth on a TTM basis is 526% vis-vis a compounded profit growth of -4% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 0.74% vis-vis 0.36% for Mar 2021 – Public shareholding has remained largely constant. The Jun 2021 public holding stood at 40.56% vis-vis 40.5% for Mar 2021
Conclusion
– – The company has delivered a poor sales growth of 8.77% over past five years.
– has a low return on equity of 2.62% for last 3 years.
