Mehabe score: 5 G Factor: 6 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 6 and Piotski score of 8.
Description
Stovec Industries is a part of SPG Prints Group of Netherlands. It is a leader in rotary screen printers which are used in the textile industry. It manufactures and sells textile machinery, consumables, graphics consumables, and galvanic screens. [1] [2] [3] Site:STOVACQ Main Symbol:STOVACQ
Stock trades at 2517.0, above its 50dma 2336.58. It also trades above its 200dma 2337.51. The stock remains bullish on techicals
The 52 week high is at 2949.00 and the 52week low is at 1740.05
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
– is expected to give good quarter
– has been maintaining a healthy dividend payout of 39.74%
Weakness
– The company has delivered a poor sales growth of 4.36% over past five years.
Competition
– The industry trades at a mean P/E of 39.0x. RRIL trades at the industry’s max P/E of 368.1x. STOVACQ trades at a P/E of 18.5x
– Industry’s mean G-Factor is 3.3 while the mean Piotski score is 8.0. STOVACQ has a G-Factor of 6 and Piotski scoreof 8.
– Average 1 month return for industry is 10.8%. The max 1- month return was given by Integra Engg.: a return of 29.09 %
Quarterly Results
Sales for period ended Dec 2021 is Rs 57.23 cr compared to Rs 49.96 cr for period ended Dec 2020, a rise of 14.6% .
vis-vis 6.11 for period ended Dec 2020 .
Operating Margins contracted -101.2 bps for period ended Dec 2021 vis-vis Dec 2020.
Company reported operating profit of Rs 6.42 cr for period ended Dec 2021 and operating profit margin at 11.2 % for same period.
The EPS for quarter ended Dec 2021 is Rs 28.35 compared to Rs 29.65 for previous quarter ended Sep 2021 and Rs 22.22 for Dec 2020.
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 233.0 cr for period ended Dec 2021 vis-vis sales of Rs 150.0 cr for the period ended Dec 2020, a healthy growth of 35.6%. The 3 year sales cagr stood at 6.5%.
Operating margins expanded to 16.0% for period ended Dec 2021 vis-vis 11.0% for period ended Dec 2020, expansion of 500.0 bps.
Net Profit reported at Rs 30.0 cr for period ended Dec 2021 vis-vis sales of Rs 13.0 cr for the period ended Dec 2020, rising 56.7%.
Company reported a poor Net Profit CAGR of -8.4% 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 19.0% compared to 17.0% over the last 3 Years. – The stock has given a return of 39% on a 1 Year basis vis-vis a return of 1% over the last 3 Years. – The compounded sales growth on a TTM bassis is 55% vis-vis a compounded sales growth of 7% over the last 3 Years. – The compounded profit growth on a TTM basis is 110% vis-vis a compounded profit growth of 0% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Dec 2021 fii holding stood at 0.0% vis-vis 0.0% for Sep 2021 – Public shareholding has remained largely constant. The Dec 2021 public holding stood at 28.89% vis-vis 28.89% for Sep 2021
Conclusion
– is almost debt free.
– is expected to give good quarter
– has been maintaining a healthy dividend payout of 39.74% – The company has delivered a poor sales growth of 4.36% over past five years.
