Mehabe score: 4 G Factor: 1 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 1 and Piotski score of 5.
Description
JSG Leasing Ltd was incorporated in 1989. The co. did not carry out any activity during FY20. The co. works as a financial institution, as well as invests in financial instruments as well as provides computer hardware and software services. The co. is based in Delhi.
Mr. Motibhai Jaksibhai Rabari is the Whole-time Director, CFO, and the Chairman of the co. [1][2][3] Site:JSGLEASING Main Symbol:JSGLEASING
Stock trades at 37.1, above its 50dma 21.63. It also trades above its 200dma 17.51. The stock remains bullish on techicals
The 52 week high is at 37.10 and the 52week low is at 20.85
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is almost debt free.
Weakness
– has low interest coverage ratio.
-Promoter holding is low: 29.13%
– has a low return on equity of -1.69% for last 3 years.
– has high debtors of 2555.00 days.
Competition
– The industry trades at a mean P/E of 25.2x. Bajaj Finance trades at the industry’s max P/E of 71.08x. JSGLEASING trades at a P/E of x
– Industry’s mean G-Factor is 3.1 while the mean Piotski score is 6.0. JSGLEASING has a G-Factor of 1 and Piotski scoreof 5.
– Average 1 month return for industry is 0.4%. The max 1- month return was given by Cholaman.Inv.&Fn: a return of 25.66 %
Quarterly Results
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Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 0.04 cr for period ended TTM vis-vis sales of Rs 0.08 cr for the period ended Mar 2021, a fall of 100.0%. The 3 year sales cagr stood at -48.9%.
Operating margins shrank to -175.0% for period ended TTM vis-vis -125.0% for period ended Mar 2021, contraction of 5000.0 bps.
Net Profit reported at Rs -0.03 cr for period ended TTM vis-vis sales of Rs -0.1 cr for the period ended Mar 2021, rising 0%.
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 1.83 cr for period ended Mar 2021 vis-vis Rs -0.42 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 % on a 1 Year basis vis-vis a return of % over the last 3 Years. – The compounded sales growth on a TTM bassis is -43% vis-vis a compounded sales growth of % over the last 3 Years. – The compounded profit growth on a TTM basis is 57% vis-vis a compounded profit growth of % over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Dec 2021 public holding stood at 70.87% vis-vis 70.87% for Sep 2021
Conclusion
– has reduced debt.
– is almost debt free. – has low interest coverage ratio.
-Promoter holding is low: 29.13%
– has a low return on equity of -1.69% for last 3 years.
– has high debtors of 2555.00 days.
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 21.63 and is trading at 37.1 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
