Mehabe score: 8 G Factor: 7 Piotski Score: 6 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 7 and Piotski score of 6.
Description
PNB Gilts is primary activities entail supporting government borrowing program via underwriting of government securities issuances and trade in a fixed income instruments such as Government securities, Treasury Bills, State Development Loans, Corporate Bonds, Interest Rate Swaps and various money market instruments such as Certificates of Deposits, Commercial Papers etc.(Source : 201903 Annual Report Page No: 78)Site:PNBGILTS
Market Cap:
Rs 1,598 cr
Price:
88.8
Trading pe:
3.47x
Book-value:
57.9/share
Div yield:
7.88 %
Earning yield:
7.93%
Face-value:
10.0/share
52week high:
94.65
52week low:
34.70
Technical Analysis
Stock trades at 88.8, above its 50dma 67.45. It also trades above its 200dma 52.08. The stock remains bullish on techicals
The 52 week high is at 94.65 and the 52week low is at 34.70
Price Chart
P/E Chart
Sales and Margin
Strengths
– Stock is providing a good dividend yield of 7.88%.
– is expected to give good quarter
– has delivered good profit growth of 67.91% CAGR over last 5 years
– has a good return on equity (ROE) track record: 3 Years ROE 26.40%
– has been maintaining a healthy dividend payout of 38.76%
-‘s median sales growth is 20.02% of last 10 years
Weakness
–
Competition
– The industry trades at a mean P/E of 21.1x. SBI Cards trades at the industry’s max P/E of 93.26x. PNBGILTS trades at a P/E of 3.47x
– Industry’s mean G-Factor is 4.8 while the mean Piotski score is 7.0. PNBGILTS has a G-Factor of 7 and Piotski scoreof 6.
– Average 1 month return for industry is 8.8%. The max 1- month return was given by PNB Gilts: a return of 48.49 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 184.0 cr compared to Rs 276.0 cr for period ended Mar 2020, a fall of 33.3%
Operating Profits reported at Rs 84.0 cr for period ended Mar 2021 vis-vis 265.0 for period ended Mar 2020 .
Operating Margins contracted -5036.2 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs -0.79 compared to Rs 9.28 for previous quarter ended Dec 2020 and Rs 5.5 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 1052.0 cr for period ended Mar 2021 vis-vis sales of Rs 882.0 cr for the period ended Mar 2020, a healthy growth of 16.2%. The 3 year sales cagr stood at 37.8%.
Operating margins expanded to 97.0% for period ended Mar 2021 vis-vis 96.0% for period ended Mar 2020, expansion of 100.0 bps.
Net Profit reported at Rs 454.0 cr for period ended Mar 2021 vis-vis sales of Rs 186.0 cr for the period ended Mar 2020, rising 59.0%.
Company recorded a healthy Net Profit CAGR of 668.6% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities: Rs 0.0 cr for period ended Mar 2021 vis-vis Rs -3898.0 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 improved its Return on Equity (RoE) metric. The RoE on Last Year basis was 44.0% compared to 26.0% over the last 3 Years. – The stock has given a return of 141% on a 1 Year basis vis-vis a return of 43% over the last 3 Years. – The compounded sales growth on a TTM bassis is 19% vis-vis a compounded sales growth of 38% over the last 3 Years. – The compounded profit growth on a TTM basis is 86% vis-vis a compounded profit growth of 569% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Mar 2021 fii holding stood at 0.29% vis-vis 0.29% for Dec 2020 – Public shareholding has remained largely constant. The Mar 2021 public holding stood at 25.63% vis-vis 25.63% for Dec 2020
Conclusion
– Stock is providing a good dividend yield of 7.88%.
– is expected to give good quarter
– has delivered good profit growth of 67.91% CAGR over last 5 years
– has a good return on equity (ROE) track record: 3 Years ROE 26.40%
– has been maintaining a healthy dividend payout of 38.76%
-‘s median sales growth is 20.02% of last 10 years –
