Mehabe score: 3 G Factor: 2 Piotski Score: 5 The stock has a rating OBSERVE & HOLD. 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 2 and Piotski score of 5.
Description
Ind Bank Housing its providing Housing Loan to the eligible borrowers. Site:INDBNK Main Symbol:INDBNK
Stock trades at 29.3, above its 50dma 9.18. It also trades above its 200dma 9.56. The stock remains bullish on techicals
The 52 week high is at 13.95 and the 52week low is at 7.54
Price Chart
P/E Chart
Sales and Margin
Strengths
–
Weakness
– has low interest coverage ratio.
-The company has delivered a poor sales growth of -12.94% over past five years.
Competition
– The industry trades at a mean P/E of 26.5x. Aptus Value Hou. trades at the industry’s max P/E of 79.21x. INDBNK trades at a P/E of x
– Industry’s mean G-Factor is 3.6 while the mean Piotski score is 7.0. INDBNK has a G-Factor of 2 and Piotski scoreof 5.
– Average 1 month return for industry is -2.8%. The max 1- month return was given by AAVAS Financiers: a return of 9.51 %
Quarterly Results
.
Company reported negative operating profit of Rs -0.08 cr for period ended Dec 2021. For same period last year, operating profit was -0.09.
The EPS for quarter ended Dec 2021 is Rs -0.03 compared to Rs 0.0 for previous quarter ended Sep 2021 and Rs -0.02 for Dec 2020.
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 0.13 cr for period ended TTM vis-vis sales of Rs 0.36 cr for the period ended Mar 2021, a fall of 176.9%. The 3 year sales cagr stood at -38.9%.
Operating margins shrank to -246.15% for period ended TTM vis-vis -52.78% for period ended Mar 2021, contraction of 19337.0 bps.
Net Profit reported at Rs -0.2 cr for period ended TTM vis-vis sales of Rs -0.19 cr for the period ended Mar 2021, falling 0%.
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities: Rs -0.23 cr for period ended Mar 2021 vis-vis Rs -0.46 cr for period ended Mar 2020
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The stock has given a return of 0% on a 1 Year basis vis-vis a return of -2% over the last 3 Years. – The compounded sales growth on a TTM bassis is -32% vis-vis a compounded sales growth of -45% over the last 3 Years. – The compounded profit growth on a TTM basis is -107% vis-vis a compounded profit growth of % over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Sep 2021 public holding stood at 24.0% vis-vis 24.0% for Jun 2021
Conclusion
– – has low interest coverage ratio.
-The company has delivered a poor sales growth of -12.94% over past five years.
Fundamentally, the stock remains weak on business fundamentals. Weak near term results have dampened and questioned business drivers. We suggest to wait for a upturn in business performance.
Technically, the stock trades above its 50 DMA 9.18 and is trading at 29.3 It has shown near term bullish momentum contrary to business fundamentals. We suggest to observe price action. However as investors, who like to avoid timing the markets, we suggest to avoid the stock
