Mehabe score: 4 G Factor: 5 Piotski Score: 5 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 5.
Description
Mayur Uniquoters is primarily engaged in the business of manufacturing of Coated Textile Fabrics, artificial leather and PVC Vinyl which are widely used in different segments such as Footwear, Furnishings, Automotive OEM, Automotive replacement market, and Automotive Exports.Site:MAYURUNIQMain Symbol:MAYURUNIQ
Stock trades at 514.0, above its 50dma 489.21. It also trades above its 200dma 400.91. The stock remains bullish on techicals
The 52 week high is at 546.00 and the 52week low is at 217.20
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
Weakness
– The company has delivered a poor sales growth of 0.86% over past five years.
-Dividend payout has been low at 13.05% of profits over last 3 years
Competition
– The industry trades at a mean P/E of 28.9x. Astral trades at the industry’s max P/E of 108.29x. MAYURUNIQ trades at a P/E of 26.6x
– Industry’s mean G-Factor is 4.9 while the mean Piotski score is 9.0. MAYURUNIQ has a G-Factor of 5 and Piotski scoreof 5.
– Average 1 month return for industry is 0.5%. The max 1- month return was given by Nilkamal Ltd: a return of 17.62 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 178.0 cr compared to Rs 131.0 cr for period ended Mar 2020, a rise of 35.9%
Operating Profits reported at Rs 49.0 cr for period ended Mar 2021 vis-vis 33.0 for period ended Mar 2020 .
Operating Margins expanded 233.7 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 7.78 compared to Rs 7.73 for previous quarter ended Dec 2020 and Rs 5.48 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 513.0 cr for period ended Mar 2021 vis-vis sales of Rs 528.0 cr for the period ended Mar 2020, a fall of 2.9%. The 3 year sales cagr stood at -3.5%.
Operating margins expanded to 24.0% for period ended Mar 2021 vis-vis 20.0% for period ended Mar 2020, expansion of 400.0 bps.
Net Profit reported at Rs 90.0 cr for period ended Mar 2021 vis-vis sales of Rs 80.0 cr for the period ended Mar 2020, rising 11.1%.
Company reported a poor Net Profit CAGR of -2.5% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
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 14.0% compared to 16.0% over the last 3 Years. – The stock has given a return of 135% on a 1 Year basis vis-vis a return of 7% over the last 3 Years. – The compounded sales growth on a TTM bassis is -3% vis-vis a compounded sales growth of -3% over the last 3 Years. – The compounded profit growth on a TTM basis is 9% vis-vis a compounded profit growth of -4% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 1.44% vis-vis 1.48% for Mar 2021 – Public shareholding has remained largely constant. The Jun 2021 public holding stood at 32.87% vis-vis 33.0% for Mar 2021
Conclusion
– is almost debt free. – The company has delivered a poor sales growth of 0.86% over past five years.
-Dividend payout has been low at 13.05% of profits over last 3 years
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 489.21 and is trading at 514.0, thus bullish price action wise.
