Mehabe score: 3 G Factor: 0 Piotski Score: 1 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 0 and Piotski score of 1.
Description
Integrated Thermoplastics is engaged in the Business of Manufacture, Fabricate, Purchase, Sell, Import, Export, Undertake Job Work or Otherwise deal in all types of Thermoplastics Products. Site:INTETHR Main Symbol:INTETHR
Stock trades at 5.06, above its 50dma 1.14. It also trades above its 200dma 0.92. The stock remains bullish on techicals
The 52 week high is at 1.70 and the 52week low is at 0.74
Price Chart
P/E Chart
Sales and Margin
Strengths
– is expected to give good quarter
-Debtor days have improved from 80.51 to 48.19 days.
Weakness
– has low interest coverage ratio.
-The company has delivered a poor sales growth of 1.91% over past five years.
-Promoter holding is low: 34.37%
-Contingent liabilities of Rs.6.24 Cr.
-Promoters have pledged 98.69% of their holding.
Competition
– The industry trades at a mean P/E of 26.4x. Responsive Ind trades at the industry’s max P/E of 271.62x. INTETHR trades at a P/E of x
– Industry’s mean G-Factor is 4.0 while the mean Piotski score is 9.0. INTETHR has a G-Factor of 0 and Piotski scoreof 1.
– Average 1 month return for industry is 8.5%. The max 1- month return was given by Responsive Ind: a return of 79.36 %
Quarterly Results
Sales for period ended Sep 2021 is Rs 26.69 cr compared to Rs 11.42 cr for period ended Sep 2020, a rise of 133.7% .
.
Company reported negative operating profit of Rs -0.63 cr for period ended Sep 2021. For same period last year, operating profit was 1.68.
The EPS for quarter ended Sep 2021 is Rs -2.59 compared to Rs -4.45 for previous quarter ended Jun 2021 and Rs -1.16 for Sep 2020.
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 86.03 cr for period ended TTM vis-vis sales of Rs 71.58 cr for the period ended Mar 2021, a healthy growth of 16.8%. The 3 year sales cagr stood at 5.4%.
Operating margins shrank to -4.45% for period ended TTM vis-vis 3.07% for period ended Mar 2021, contraction of 752.0 bps.
Net Profit reported at Rs -3.76 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
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– 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 20% vis-vis a compounded sales growth of 11% over the last 3 Years. – The compounded profit growth on a TTM basis is 43% vis-vis a compounded profit growth of 23% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Dec 2021 public holding stood at 65.05% vis-vis 65.05% for Sep 2021
Conclusion
– is expected to give good quarter
-Debtor days have improved from 80.51 to 48.19 days. – has low interest coverage ratio.
-The company has delivered a poor sales growth of 1.91% over past five years.
-Promoter holding is low: 34.37%
-Contingent liabilities of Rs.6.24 Cr.
-Promoters have pledged 98.69% of their holding.
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 1.14 and is trading at 5.06 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
