Mehabe score: 6 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
Kabra Extrustiontechnik Ltd. (KET) is the flagship company of Kolsite group and one of the largest players in the plastic extrusion machinery known for its innovative offerings. KET specializes in delivering high performance extrusion solutions #for manufacturing pipes and films..(Source : 202003 Annual Report Page No: 41)Site:KABRAEXTRUMain Symbol:KABRAEXTRU
Stock trades at 209.0, above its 50dma 187.29. It also trades above its 200dma 141.96. The stock remains bullish on techicals
The 52 week high is at 222.00 and the 52week low is at 45.10
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
– is expected to give good quarter
– has been maintaining a healthy dividend payout of 32.35%
-Debtor days have improved from 36.13 to 28.66 days.
Weakness
– The company has delivered a poor sales growth of -1.72% over past five years.
– has a low return on equity of 7.55% for last 3 years.
Competition
– The industry trades at a mean P/E of 26.0x. GMM Pfaudler trades at the industry’s max P/E of 93.52x. KABRAEXTRU trades at a P/E of 27.2x
– Industry’s mean G-Factor is 3.5 while the mean Piotski score is 9.0. KABRAEXTRU has a G-Factor of 5 and Piotski scoreof 9.
– Average 1 month return for industry is 5.4%. The max 1- month return was given by ISGEC Heavy: a return of 30.82 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 107.0 cr compared to Rs 56.0 cr for period ended Mar 2020, a rise of 91.1%
Operating Profits reported at Rs 17.0 cr for period ended Mar 2021 vis-vis 3.0 for period ended Mar 2020 .
Operating Margins expanded 1053.1 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 4.09 compared to Rs 1.82 for previous quarter ended Dec 2020 and Rs 0.23 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 274.0 cr for period ended Mar 2021 vis-vis sales of Rs 220.0 cr for the period ended Mar 2020, a healthy growth of 19.7%. The 3 year sales cagr stood at 0.7%.
Operating margins expanded to 15.0% for period ended Mar 2021 vis-vis 6.0% for period ended Mar 2020, expansion of 900.0 bps.
Net Profit reported at Rs 25.0 cr for period ended Mar 2021 vis-vis sales of Rs 7.0 cr for the period ended Mar 2020, rising 72.0%.
Company recorded a Net Profit CAGR of 7.7% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 38.0 cr for period ended Mar 2021 vis-vis Rs 28.0 cr for period ended Mar 2020
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The company has had stable/constant Return on Equity (RoE) metric. The RoE on Last Year basis was 10.0% compared to 8.0% over the last 3 Years. – The stock has given a return of 294% on a 1 Year basis vis-vis a return of 31% over the last 3 Years. – The compounded sales growth on a TTM bassis is 25% vis-vis a compounded sales growth of 1% over the last 3 Years. – The compounded profit growth on a TTM basis is 277% vis-vis a compounded profit growth of 8% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Mar 2021 fii holding stood at 0.8% vis-vis 0.97% for Dec 2020 – Public shareholding has remained largely constant. The Mar 2021 public holding stood at 40.63% vis-vis 40.99% for Dec 2020
Conclusion
– is almost debt free.
– is expected to give good quarter
– has been maintaining a healthy dividend payout of 32.35%
-Debtor days have improved from 36.13 to 28.66 days. – The company has delivered a poor sales growth of -1.72% over past five years.
– has a low return on equity of 7.55% for last 3 years.
