Mehabe score: 3 G Factor: 4 Piotski Score: 8 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 4 and Piotski score of 8.
Description
Manaksia Aluminium Company Ltd is engaged in the manufacturing of value-added secondary aluminium products like Aluminium Rolled Sheets/Coils.[1] Site:MNKALCOLTD Main Symbol:MNKALCOLTD
Stock trades at 25.8, below its 50dma 39.6 and below its 200dma 32.33. The stock remains bearish on technicals
The 52 week high is at 55.00 and the 52week low is at 18.70
Price Chart
P/E Chart
Sales and Margin
Strengths
– is expected to give good quarter
Weakness
– has low interest coverage ratio.
-The company has delivered a poor sales growth of 0.46% over past five years.
– has a low return on equity of 3.01% for last 3 years.
-Debtor days have increased from 41.08 to 55.42 days.
Competition
– The industry trades at a mean P/E of 15.2x. Euro Panel trades at the industry’s max P/E of 78.15x. MNKALCOLTD trades at a P/E of 21.4x
– Industry’s mean G-Factor is 3.4 while the mean Piotski score is 9.0. MNKALCOLTD has a G-Factor of 4 and Piotski scoreof 8.
– Average 1 month return for industry is 10.9%. The max 1- month return was given by Euro Panel: a return of 63.33 %
Quarterly Results
Sales for period ended Dec 2021 is Rs 130.35 cr compared to Rs 66.37 cr for period ended Dec 2020, a rise of 96.4% .
vis-vis 6.62 for period ended Dec 2020 .
Operating Margins contracted -435.1 bps for period ended Dec 2021 vis-vis Dec 2020.
Company reported operating profit of Rs 7.33 cr for period ended Dec 2021 and operating profit margin at 5.6 % for same period.
The EPS for quarter ended Dec 2021 is Rs 0.38 compared to Rs 0.26 for previous quarter ended Sep 2021 and Rs 0.34 for Dec 2020.
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 396.0 cr for period ended TTM vis-vis sales of Rs 272.0 cr for the period ended Mar 2021, a healthy growth of 31.3%. The 3 year sales cagr stood at 12.8%.
Operating margins expanded to 6.0% for period ended TTM vis-vis 4.0% for period ended Mar 2021, expansion of 200.0 bps.
Net Profit reported at Rs 8.0 cr for period ended TTM vis-vis sales of Rs -3.0 cr for the period ended Mar 2021, rising 137.5%.
Company recorded a Net Profit CAGR of 4.6% over the last 3 years
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 -3.0% compared to 3.0% over the last 3 Years. – The stock has given a return of 185% on a 1 Year basis vis-vis a return of 57% over the last 3 Years. – The compounded sales growth on a TTM bassis is 32% vis-vis a compounded sales growth of 6% over the last 3 Years. – The compounded profit growth on a TTM basis is 302% vis-vis a compounded profit growth of % over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Dec 2021 public holding stood at 28.01% vis-vis 28.01% for Sep 2021
Conclusion
– is expected to give good quarter – has low interest coverage ratio.
-The company has delivered a poor sales growth of 0.46% over past five years.
– has a low return on equity of 3.01% for last 3 years.
-Debtor days have increased from 41.08 to 55.42 days.
