Mehabe score: 2 G Factor: 3 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 3 and Piotski score of 1. Site:MAXIND
Market Cap:
Rs 381 cr
Price:
70.8
Trading pe:
x
Book-value:
/share
Div yield:
0.00 %
Earning yield:
-0.02%
Face-value:
10.0/share
52week high:
80.00
52week low:
48.05
Technical Analysis
Stock trades at 70.8, above its 50dma 69.04. It also trades above its 200dma 66.5. The stock remains bullish on techicals
The 52 week high is at 80.00 and the 52week low is at 48.05
Price Chart
P/E Chart
Sales and Margin
Strengths
–
Weakness
– has low interest coverage ratio.
Competition
– The industry trades at a mean P/E of 27.3x. Jubilant Ingrevia trades at the industry’s max P/E of 139.24x. MAXIND trades at a P/E of x
– Industry’s mean G-Factor is 3.9 while the mean Piotski score is 9.0. MAXIND has a G-Factor of 3 and Piotski scoreof 1.
– Average 1 month return for industry is 9.6%. The max 1- month return was given by Gujarat Gas: a return of 31.31 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 33.89 cr compared to Rs 67.74 cr for period ended Mar 2020, a fall of 50.0%
Company reported negative operating profit of Rs -7.48 cr for period ended Mar 2021. For same period last year, operating profit was 23.19
The EPS for Mar 2021 was Rs -1.76 compared to Rs -2.41 for previous quarter ended Dec 2020 and Rs 2372.0 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 121.0 cr for period ended Mar 2021 vis-vis sales of Rs 211.0 cr for the period ended Mar 2020, a fall of 74.4%.
Operating margins shrank to -24.0% for period ended Mar 2021 vis-vis -3.0% for period ended Mar 2020, contraction of 2100.0 bps.
Net Profit reported at Rs -53.0 cr for period ended Mar 2021 vis-vis sales of Rs 297.0 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 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 -115% vis-vis a compounded profit growth of % over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has fallen for the period ended Mar 2021. The Mar 2021 fii holding stood at 10.83% vis-vis 16.34% for Dec 2020 – Public shareholding has risen for the period ended Mar 2021. The Mar 2021 public holding stood at 45.21% vis-vis 39.7% for Dec 2020
Conclusion
– – has low interest coverage ratio.
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 69.04 and is trading at 70.8 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
