Mehabe score: 2 G Factor: 5 Piotski Score: 6 The stock has a rating 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 5 and Piotski score of 6.
Description
Kokuyo Camlin is engaged in the business of Scholastic Products and Note Books,Writing and Marking Instruments and Fine Art and Graphics /Fashion and Hobby Colours.Site:KOKUYOCMLN
Market Cap:
Rs 660 cr
Price:
65.8
Trading pe:
x
Book-value:
24.8/share
Div yield:
0.00 %
Earning yield:
-1.77%
Face-value:
1.00/share
52week high:
75.40
52week low:
50.00
Technical Analysis
Stock trades at 65.8, above its 50dma 61.39. It also trades above its 200dma 61.24. The stock remains bullish on techicals
The 52 week high is at 75.40 and the 52week low is at 50.00
Price Chart
P/E Chart
Sales and Margin
Strengths
–
Weakness
– Stock is trading at 2.65 times its book value
– has low interest coverage ratio.
-The company has delivered a poor sales growth of -8.08% over past five years.
– has a low return on equity of 0.62% for last 3 years.
– might be capitalizing the interest cost
Competition
– The industry trades at a mean P/E of 65.0x. Kokuyo Camlin trades at the industry’s max P/E of 171.09x. KOKUYOCMLN trades at a P/E of x
– Industry’s mean G-Factor is 3.2 while the mean Piotski score is 7.0. KOKUYOCMLN has a G-Factor of 5 and Piotski scoreof 6.
– Average 1 month return for industry is 15.2%. The max 1- month return was given by Linc Pen &Plast.: a return of 37.23 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 132.07 cr compared to Rs 144.42 cr for period ended Mar 2020, a fall of 8.6%
Operating Profits reported at Rs 11.16 cr for period ended Mar 2021 vis-vis 6.41 for period ended Mar 2020 .
Operating Margins expanded 401.2 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 0.5 compared to Rs 0.13 for previous quarter ended Dec 2020 and Rs -0.03 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 403.0 cr for period ended Mar 2021 vis-vis sales of Rs 634.0 cr for the period ended Mar 2020, a fall of 57.3%. The 3 year sales cagr stood at -13.8%.
Operating margins shrank to 2.0% for period ended Mar 2021 vis-vis 6.0% for period ended Mar 2020, contraction of 400.0 bps.
Net Profit reported at Rs -15.0 cr for period ended Mar 2021 vis-vis sales of Rs 4.0 cr for the period ended Mar 2020, 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 company has worsened on its Return on Equity (RoE) metric. The RoE on Last Year basis was -6.0% compared to 1.0% over the last 3 Years. – The stock has given a return of 12% on a 1 Year basis vis-vis a return of -13% over the last 3 Years. – The compounded sales growth on a TTM bassis is -36% vis-vis a compounded sales growth of -14% over the last 3 Years. – The compounded profit growth on a TTM basis is -463% vis-vis a compounded profit growth of % over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Mar 2021 fii holding stood at 0.09% vis-vis 0.07% for Dec 2020 – Public shareholding has remained largely constant. The Mar 2021 public holding stood at 24.92% vis-vis 24.93% for Dec 2020
Conclusion
– – Stock is trading at 2.65 times its book value
– has low interest coverage ratio.
-The company has delivered a poor sales growth of -8.08% over past five years.
– has a low return on equity of 0.62% for last 3 years.
– might be capitalizing the interest cost
The business fundamentals of the stock remain stable. Stronger near term results will build interest in the stock. We suggest to wait for a upturn in business performance.
Technically, the stock remains above its 50 DMA 61.39 and is trading at 65.8, thus bullish price action wise.
