Mehabe score: 1 G Factor: 3 Piotski Score: 3 The stock has a rating SELL. 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 3 and Piotski score of 3.
Description
Kohinoor Foods is a leading Basmati Rice player and has a Rice mill situated at Murthal, Sonepat. It also owns a Food Factory situated at Bahalgarh, Sonepat. Site:KOHINOOR Main Symbol:KOHINOOR
Stock trades at 7.75, below its 50dma 8.37 and below its 200dma 9.98. The stock remains bearish on technicals
The 52 week high is at 15.36 and the 52week low is at 6.25
Price Chart
P/E Chart
Sales and Margin
Strengths
–
Weakness
– has low interest coverage ratio.
-The company has delivered a poor sales growth of -27.22% over past five years.
-Contingent liabilities of Rs.126.84 Cr.
-Earnings include an other income of Rs.11.92 Cr.
Competition
– The industry trades at a mean P/E of 46.6x. Tasty Bite Eat. trades at the industry’s max P/E of 156.28x. KOHINOOR trades at a P/E of x
– Industry’s mean G-Factor is 2.8 while the mean Piotski score is 8.0. KOHINOOR has a G-Factor of 3 and Piotski scoreof 3.
– Average 1 month return for industry is 6.2%. The max 1- month return was given by KRBL: a return of 16.1 %
Quarterly Results
Sales for period ended Dec 2021 is Rs 22.61 cr compared to Rs 52.28 cr for period ended Dec 2020, a fall of 56.8%
.
vis-vis 9.28 for period ended Dec 2020 .
Operating Margins contracted -793.2 bps for period ended Dec 2021 vis-vis Dec 2020.
Company reported operating profit of Rs 2.22 cr for period ended Dec 2021 and operating profit margin at 9.8 % for same period.
The EPS for quarter ended Dec 2021 is Rs 0.11 compared to Rs -1.36 for previous quarter ended Sep 2021 and Rs 1.55 for Dec 2020.
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 140.0 cr for period ended TTM vis-vis sales of Rs 265.0 cr for the period ended Mar 2021, a fall of 89.3%. The 3 year sales cagr stood at -38.5%.
Net Profit reported at Rs 1.0 cr for period ended TTM vis-vis sales of Rs 24.0 cr for the period ended Mar 2021, falling 0%.
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities: Rs -2.0 cr for period ended Mar 2021 vis-vis Rs -63.0 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 19% on a 1 Year basis vis-vis a return of -36% over the last 3 Years. – The compounded sales growth on a TTM bassis is -45% vis-vis a compounded sales growth of -36% over the last 3 Years. – The compounded profit growth on a TTM basis is -50% vis-vis a compounded profit growth of 30% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Dec 2021 fii holding stood at 0.03% vis-vis 0.03% for Sep 2021 – Public shareholding has remained largely constant. The Dec 2021 public holding stood at 45.1% vis-vis 45.1% for Sep 2021
Conclusion
– – has low interest coverage ratio.
-The company has delivered a poor sales growth of -27.22% over past five years.
-Contingent liabilities of Rs.126.84 Cr.
-Earnings include an other income of Rs.11.92 Cr.
Fundamentally, the stock remains weak. The business fundamentals are on shaky ground. Weak near term results have dampened and questioned business drivers. We suggest to wait for a upturn in business performance.
Technically, the stock reflects the poor fundamentals. The stock remains below its 50 DMA 8.37 and is trading at 7.75. It has shown near term lack of bullish momentum. We suggest to observe price action. However as investors, who like to avoid timing the markets, we suggest to avoid the stock
