Mehabe score: 5 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
Indbank Merchant Banking Services is engaged in Merchant Banking, Stock Broking, Depository Participant services and allied activities.Site:INDBANKMain Symbol:INDBANK
Stock trades at 26.8, above its 50dma 18.76. It also trades above its 200dma 14.03. The stock remains bullish on techicals
The 52 week high is at 24.75 and the 52week low is at 6.40
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
Weakness
– Though the company is reporting repeated profits, it is not paying out dividend
-The company has delivered a poor sales growth of 5.87% over past five years.
– has a low return on equity of 4.38% for last 3 years.
-Earnings include an other income of Rs.7.46 Cr.
Competition
– The industry trades at a mean P/E of 15.6x. Indbank Merchant trades at the industry’s max P/E of 29.37x. INDBANK trades at a P/E of 29.4x
– Industry’s mean G-Factor is 5.0 while the mean Piotski score is 8.0. INDBANK has a G-Factor of 5 and Piotski scoreof 8.
– Average 1 month return for industry is 33.8%. The max 1- month return was given by Titan Securities: a return of 85.82 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 3.93 cr compared to Rs 2.88 cr for period ended Jun 2020, a rise of 36.5%
Operating Profits reported at Rs 1.35 cr for period ended Jun 2021 vis-vis 0.99 for period ended Jun 2020 .
Operating Margins contracted -2.4 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 0.31 compared to Rs 0.13 for previous quarter ended Mar 2021 and Rs 0.13 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 13.06 cr for period ended TTM vis-vis sales of Rs 12.01 cr for the period ended Mar 2021, a growth of 8.0%. The 3 year sales cagr stood at 7.9%.
Operating margins expanded to -3.75% for period ended TTM vis-vis -7.24% for period ended Mar 2021, expansion of 349.0 bps.
Net Profit reported at Rs 4.92 cr for period ended TTM vis-vis sales of Rs 4.05 cr for the period ended Mar 2021, rising 17.7%.
Company recorded a healthy Net Profit CAGR of 40.6% over the last 3 years
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 stock has given a return of 275% on a 1 Year basis vis-vis a return of 26% over the last 3 Years. – The compounded sales growth on a TTM bassis is 5% vis-vis a compounded sales growth of -5% over the last 3 Years. – The compounded profit growth on a TTM basis is 95% vis-vis a compounded profit growth of 22% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Jun 2021 public holding stood at 34.97% vis-vis 34.97% for Mar 2021
Conclusion
– is almost debt free. – Though the company is reporting repeated profits, it is not paying out dividend
-The company has delivered a poor sales growth of 5.87% over past five years.
– has a low return on equity of 4.38% for last 3 years.
-Earnings include an other income of Rs.7.46 Cr.
