Mehabe score: 5 G Factor: 5 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 5 and Piotski score of 8.
Description
XPRO India is engaged mainly in the business of Polymers Processing at multiple locations and is the leading manufacturer in India of Coextruded Plastic Sheets, Thermoformed Liners and Speciality Films (including Dielectric Films and special purpose BOPP Films).Site:XPROINDIAMain Symbol:XPROINDIA
Stock trades at 170.0, above its 50dma 140.29. It also trades above its 200dma 82.93. The stock remains bullish on techicals
The 52 week high is at 192.70 and the 52week low is at 18.75
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
Weakness
– Though the company is reporting repeated profits, it is not paying out dividend
– has low interest coverage ratio.
-The company has delivered a poor sales growth of 6.28% over past five years.
– has a low return on equity of 4.25% for last 3 years.
Competition
– The industry trades at a mean P/E of 27.5x. Astral trades at the industry’s max P/E of 101.39x. XPROINDIA trades at a P/E of 24.0x
– Industry’s mean G-Factor is 4.9 while the mean Piotski score is 9.0. XPROINDIA has a G-Factor of 5 and Piotski scoreof 8.
– Average 1 month return for industry is 7.4%. The max 1- month return was given by Jai Corp: a return of 26.97 %
Quarterly Results
Sales for period ended Mar 2021 is Rs 147.5 cr compared to Rs 107.11 cr for period ended Mar 2020, a rise of 37.7%
Operating Profits reported at Rs 18.32 cr for period ended Mar 2021 vis-vis 9.03 for period ended Mar 2020 .
Operating Margins expanded 399.0 bps for period ended Mar 2021 vis-vis Mar 2020 .
The EPS for Mar 2021 was Rs 8.16 compared to Rs 5.2 for previous quarter ended Dec 2020 and Rs 1.51 for Mar 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 373.0 cr for period ended Mar 2021 vis-vis sales of Rs 354.0 cr for the period ended Mar 2020, a growth of 5.1%. The 3 year sales cagr stood at 6.7%.
Operating margins expanded to 11.0% for period ended Mar 2021 vis-vis 8.0% for period ended Mar 2020, expansion of 300.0 bps.
Net Profit reported at Rs 8.0 cr for period ended Mar 2021 vis-vis sales of Rs 0.0 cr for the period ended Mar 2020, rising 100.0%.
Company reported a poor Net Profit CAGR of -7.2% 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 48.0 cr for period ended Mar 2021 vis-vis Rs 38.0 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 10.0% compared to 4.0% over the last 3 Years. – The stock has given a return of 571% on a 1 Year basis vis-vis a return of 59% over the last 3 Years. – The compounded sales growth on a TTM bassis is 6% vis-vis a compounded sales growth of 7% over the last 3 Years. – The compounded profit growth on a TTM basis is 1570% vis-vis a compounded profit growth of 43% over the last 3 Years.
Ratios
Shareholding Pattern
– Public shareholding has remained largely constant. The Mar 2021 public holding stood at 49.87% vis-vis 49.87% for Dec 2020
Conclusion
– has reduced debt. – Though the company is reporting repeated profits, it is not paying out dividend
– has low interest coverage ratio.
-The company has delivered a poor sales growth of 6.28% over past five years.
– has a low return on equity of 4.25% for last 3 years.
