Mehabe score: 6 G Factor: 4 Piotski Score: 9 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 9.
Description
Sasken Technologies is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition R&D services to global leaders in Semiconductor, Automotive, Industrials, Smart Devices & Wearables, Enterprise Grade Devices, SatCom, and Transportation industries.(Source : 201903 Annual Report Page No: 74)Site:SASKENMain Symbol:SASKEN
Stock trades at 1336.0, above its 50dma 1097.6. It also trades above its 200dma 891.45. The stock remains bullish on techicals
The 52 week high is at 1429.00 and the 52week low is at 471.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is almost debt free.
– has been maintaining a healthy dividend payout of 53.83%
Weakness
– The company has delivered a poor sales growth of -1.64% over past five years.
Competition
– The industry trades at a mean P/E of 34.6x. Happiest Minds trades at the industry’s max P/E of 135.28x. SASKEN trades at a P/E of 17.8x
– Industry’s mean G-Factor is 3.6 while the mean Piotski score is 9.0. SASKEN has a G-Factor of 4 and Piotski scoreof 9.
– Average 1 month return for industry is 22.5%. The max 1- month return was given by Happiest Minds: a return of 62.17 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 110.0 cr compared to Rs 113.0 cr for period ended Jun 2020, a fall of 2.7%
Operating Profits reported at Rs 32.0 cr for period ended Jun 2021 vis-vis 32.0 for period ended Jun 2020 .
Operating Margins expanded 77.2 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 22.59 compared to Rs 19.33 for previous quarter ended Mar 2021 and Rs 18.79 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 442.0 cr for period ended TTM vis-vis sales of Rs 445.0 cr for the period ended Mar 2021, a fall of 0.7%. The 3 year sales cagr stood at -4.3%.
Operating margins expanded to 30.0% for period ended TTM vis-vis 29.0% for period ended Mar 2021, expansion of 100.0 bps.
Net Profit reported at Rs 120.0 cr for period ended TTM vis-vis sales of Rs 115.0 cr for the period ended Mar 2021, rising 4.2%.
Company recorded a healthy Net Profit CAGR of 10.1% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 119.0 cr for period ended Mar 2021 vis-vis Rs 112.0 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 22.0% compared to 16.0% over the last 3 Years. – The stock has given a return of 178% on a 1 Year basis vis-vis a return of 13% over the last 3 Years. – The compounded sales growth on a TTM bassis is -10% vis-vis a compounded sales growth of -4% over the last 3 Years. – The compounded profit growth on a TTM basis is 46% vis-vis a compounded profit growth of 12% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 20.92% vis-vis 21.03% for Mar 2021 – Public shareholding has remained largely constant. The Jun 2021 public holding stood at 38.51% vis-vis 38.27% for Mar 2021
Conclusion
– has reduced debt.
– is almost debt free.
– has been maintaining a healthy dividend payout of 53.83% – The company has delivered a poor sales growth of -1.64% over past five years.
