Top 5 reasons why this defence stock is down 33%? | CA Rachana Ranade
Published: 2024-02-23
Status:
Available
|
Analyzed
Published: 2024-02-23
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
MTAR Technologies revised its FY24 revenue guidance downwards from 830-860 crores to 670-700 crores.
"company negatively revised their revenue guidance from 830 to 860 crores in in FY 24 to 670 to 700 crores"
Pending
MTAR Technologies revised its FY24 EBITDA guidance downwards from 28% to 26%.
"they mentioned that EBITDA guidance which was originally at 28% they said we would want to revise it at 26% for FY 24"
Pending
MTAR Technologies further revised its revenue guidance downwards to 610 crores in Q3.
"the revised revenue guidance which was revised to 670 to 700 crores now further got revised at a point lower to 610 crores."
Pending
Bloom Energy contributed over 60% of MTAR Technologies' revenue between FY19-FY23 (except FY21 at 50%), and is expected to remain above 60% in the medium term.
"the revenue contribution of this client has been consistently over 60% during fiscal 2019 to 2023 with the exception of 21 where the contribution was about 50% but the share of Bloom Energy in overall revenue mix will remain above 60% over the medium term."
Pending
Bloom Energy posted a $209 million loss for the full year 2023.
"us hydrogen firm Bloom Energy posts 209 million loss for 20123"
Pending
Bloom Energy approved a restructuring plan in September 2023, including layoffs of over 200 full-time staff and 56 contractors.
"Bloom Energy is set out for a restructuring plan which was approved in September 2023 they're also reducing its workforce they have actually laid off more than 200 full-time staff and 56 contractors"
Pending
MTAR Technologies' total working capital days have continuously increased from 230 days to 302 days.
"total working capital days have been continuously increasing and they have gone up from 230 days to 278 days to 283 days and to 302 days"
Pending
MTAR Technologies' long-term borrowings increased from zero to 77.72 crores, and short-term borrowings increased from 29.13 crores to 65.6 crores between FY20 and FY23.
"long-term borrowings has been continuously increasing and it has gone up from zero to 77.72 crores and if I'm talking about short-term borrowings it has gone up from 29.13 crores to 65.6 crores"
Pending
MTAR Technologies' promoter holding decreased from 47.18% in December 2022 to 37.26% in December 2023.
"Holdings have been going down from December 22 to December 23 and have gone down from 47.18% to 37.26%"
Pending
The percentage of pledged shares by MTAR Technologies' promoters increased from 6.89% to 9.16% by December 2023.
"the pledge percentage was around 6.89% which increased gradually to almost 9.16% as at December 2023."
Pending
MTAR Technologies' cash flow from operations has significantly declined, fluctuating between 56 crores and 9 crores, with a period at -30 crores.
"cash flow from operations which was at 56 CR at one point in time and it has gone down to 9 crores at one point minus 30 crores and then ultimately right now at again 9 crores."
Pending
The CFO to EBITDA ratio for MTAR Technologies has decreased from 96.55% in FY20 to 5.84% in FY23.
"the number was pretty close in FY20 because this ratio of CFO by EBITDA comes to 96.55% but as we move by the years you'll see that from 96.55% this has gone down to 5.84%"
Pending
MTAR Technologies revised its FY24 revenue guidance downwards from 830-860 crore to 670-700 crore.
"company negatively revised their revenue guidance from 830 to 860 crores in in FY 24 to 670 to 700 crores"
Pending
MTAR Technologies revised its FY24 EBITDA guidance downwards from 28% to 26%.
"they mentioned that EBITDA guidance which was originally at 28% they said we would want to revise it at 26% for FY 24"
Pending
MTAR Technologies' Q3 results, disclosed on February 14th, led to a 9% stock price drop.
"even though it was red but the Valentine's red is not to be considered good this time red means humm, it's not considered good in the stock market because on 14th of Fe after the results were declared the stock tanked by almost 9%"
Pending
MTAR Technologies' operating income decreased by 29% QoQ and 26% YoY.
"be operating income QOQ basis or YOY basis QOQ down by 29% YOY down by 26% I'm talking about operating income right"
Pending
MTAR Technologies' EBITDA decreased by 33.9% QoQ and 47% YoY.
"if I talk about EBITDA down QOQ by 33.9% YOY by 47%"
Pending
MTAR Technologies' net profit decreased by 48.9% QoQ and 66.8% YoY.
"even net profit is down by 48.9% QOQ and YOY 66.8% down..."
Pending
MTAR Technologies further revised its revenue guidance downwards to 610 crore from the previous revision of 670-700 crore.
"the guidance which were re which was revised revenue guidance which was revised to 670 to 700 crores now further got revised at a point lower to 610 crores."
Pending
MTAR Technologies' management refrained from providing EBITDA guidance in their Q3 earnings call.
"this time management said we would not want to you know specifically talk about EBITDA numbers and they have not given any guidance about EBITDA in their Q3 earnings call."
Pending
MTAR Technologies' EBITDA for the nine months ended was 21.6%, indicating it had not met the previously guided range of 25-27% for FY24.
"I found out that it is standing currently at only 21.6%"
Pending
Bloom Energy has consistently contributed over 60% of MTAR Technologies' revenue from FY19 to FY23 (with a dip to 50% in FY21), and is expected to remain above 60% in the medium term.
"the revenue contribution of this client has been consistently over 60% during fiscal 2019 to 2023 with the exception of 21 where the contribution was about 50% but the share of Bloom Energy in overall revenue mix will remain above 60% over the medium term."
Pending
MTAR Technologies' total working capital days have increased from 230 to 302 days between FY20 and FY23.
"total working capital days have been continuously increasing and they have gone up from 230 days to 278 days to 283 days and to 302 days"
Pending
MTAR Technologies' long-term borrowings have increased from zero in FY20 to 77.72 crore in FY23.
"fy20 to FY 23 their long-term borrowings has been continuously increasing and it has gone up from zero to 77.72 crores"
Pending
MTAR Technologies' short-term borrowings have increased from 29.13 crore to 65.6 crore.
"if I'm talking about short-term borrowings it has gone up from 29.13 crores to 65.6 crores"
Pending
MTAR Technologies' promoter holding decreased from 47.18% in December 2022 to 37.26% in December 2023.
"Holdings have been going down from December 22 to December 23 and have gone down from 47.18% to 37.26%"
Pending
The percentage of pledged promoter shares for MTAR Technologies increased from 6.89% to 9.16% by December 2023.
"the pledge percentage was around 6.89% which increased gradually to almost 9.16% as at December 2023."
Pending
MTAR Technologies' cash flow from operations has significantly decreased, fluctuating between 56 crore, 9 crore, -30 crore, and back to 9 crore.
"CFO that is cash flow from operations which was at 56 CR at one point in time and it has gone down to 9 crores at one point minus 30 crores and then ultimately right now at again 9 crores."
Pending
The CFO by EBITDA ratio for MTAR Technologies has fallen drastically from 96.55% in FY20 to 5.84% in FY23, indicating a widening gap between reported earnings and actual cash flow.
"the number was pretty close in FY20 because this ratio of CFO by EBITDA comes to 96.55% but as we move by the years you'll see that from 96.55% this has gone down to 5.84%"
Pending
Bloom Energy reported a $209 million loss for the full year ended 2023.
"us hydrogen firm Bloom Energy posts 209 million loss for 20123"
Pending
Bloom Energy's CFO was reported to be resigning.
"the company's CFO was set to resign."
Pending
Bloom Energy approved a restructuring plan in September 2023, including laying off over 200 full-time staff and 56 contractors.
"this company Bloom Energy is set out for a restructuring plan which was approved in September 2023 they're also reducing its workforce they have actually laid off more than 200 full-time staff and 56 contractors"
Pending