Mehabe score: 2 G Factor: 1 Piotski Score: 5 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 1 and Piotski score of 5.
Description
Mukta Agriculture is engaged primarily in the business of trading in Agriculture products and other related activities. Site:MUKTA Main Symbol:MUKTA
Stock trades at 7.35, below its 50dma 47.11 and below its 200dma 41.8. The stock remains bearish on technicals
The 52 week high is at 66.20 and the 52week low is at 25.60
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
-Stock is trading at 0.48 times its book value
Weakness
– has low interest coverage ratio.
-Promoter holding has decreased over last quarter: -3.24%
-Promoter holding is low: 10.76%
– has a low return on equity of -3.72% for last 3 years.
-Contingent liabilities of Rs.6.17 Cr.
Competition
– The industry trades at a mean P/E of 26.4x. Indian Energy Ex trades at the industry’s max P/E of 73.35x. MUKTA trades at a P/E of x
– Industry’s mean G-Factor is 3.5 while the mean Piotski score is 9.0. MUKTA has a G-Factor of 1 and Piotski scoreof 5.
– Average 1 month return for industry is -3.8%. The max 1- month return was given by Gujarat Gas: a return of 7.28 %
Quarterly Results
.
Company reported negative operating profit of Rs -0.07 cr for period ended Dec 2021. For same period last year, operating profit was -3.55.
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 0.0 cr for period ended TTM vis-vis sales of Rs 0.0 cr for the period ended Mar 2021,
Net Profit reported at Rs -1.47 cr for period ended TTM vis-vis sales of Rs -4.79 cr for the period ended Mar 2021, rising 0%.
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 2.16 cr for period ended Mar 2021 vis-vis Rs -7.23 cr for period ended Mar 2020
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 -13.0% compared to -4.0% over the last 3 Years. – The stock has given a return of 163% on a 1 Year basis vis-vis a return of -35% over the last 3 Years. – The compounded sales growth on a TTM bassis is % vis-vis a compounded sales growth of % over the last 3 Years. – The compounded profit growth on a TTM basis is -2776% vis-vis a compounded profit growth of 11% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has risen for the period ended Dec 2021. The Dec 2021 public holding stood at 89.24% vis-vis 86.0% for Sep 2021
Conclusion
– is almost debt free.
-Stock is trading at 0.48 times its book value – has low interest coverage ratio.
-Promoter holding has decreased over last quarter: -3.24%
-Promoter holding is low: 10.76%
– has a low return on equity of -3.72% for last 3 years.
-Contingent liabilities of Rs.6.17 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 47.11 and is trading at 7.35. 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
