Dolly Khanna portfolio: Control Print reports 30% YoY Q4 PAT growth, ₹5 per share dividend declared

During today's closing session, Control Print, a small cap company, recorded a market cap of ₹948.87 Cr. With over three decades of operating expertise, Control Print is a leader in the Indian coding and marking market. The company is a top maker of coding and marking equipment. 

The Board of Directors have “Recommended a final dividend of Rs. 5.00/- per equity shares (50% of face value of Rs. 10.00 each) for the financial year ended March 31, 2023, subject to approval of Members at the ensuing Annual General Meeting of the Company (AGM). In addition to the final dividend, the Company had declared and paid interim dividend of Rs. 4.00/- per share, i.e total dividend would be Rs. 9.00/- per share for the financial year 2022-23. The dividend, if approved by the Members will be paid after July 31, 2023,” said Control Print in a stock exchange filing while declaring its Q4 earnings.

The company has reported a net income of Rs.90.17 crores during the quarter ended March 31, 2023 up by 15.25% YoY as compared to Rs.78.24 crores during the period ended March 31, 2022. During Q4FY23, the company reported a net profit of ₹16.01 Cr, up by 30.22% YoY from ₹12.29 Cr during Q4FY22 whereas the EPS of Control Print stood at ₹9.80 during the quarter under review, up by 0.15% YoY from ₹7.53 recorded in the year-ago quarter. 

The shares of Control Print closed today on the BSE at ₹581.00 apiece level, up by 0.83% from the previous close of ₹576.20. The stock touched a 52-week-high of ₹589.95 on (26/04/2023) and a 52-week-low of ₹376.00 on (28/12/2022). During the quarter ended March 2023 or Q4FY23, ace investor Dolly Khanna held 1,70,207 shares or 1.04% stake in the company.

V.L.A. Ambala, Research Analyst (SEBI Registered), Stock Market said year 2022-23 completed and the dividend festival has started again. In this ray there is one more company has announced a pretty much attractive DY. Yes we are talking about Control Print Ltd.

Control Print Ltd, is about to hold AGM on final dividend which is going to be of Rs. 5.00/- per equity shares (50% of face value of Rs. 10.00 each) for the financial year ended March 31, 2023, subject to approval of Members at the ensuing Annual General Meeting of the Company (AGM). Co. has paid an interim dividend of Rs. 4.00/- per share, so if this Yearly dividend gets approved it is going to be nearly 2% of its current stock price.(i.e total dividend would be Rs. 9.00/- per share for the financial year 2022-23. 

Other than dividend yield there are some key (Technically) points that we should consider before taking any further buy or sell decision. 

2.Its has given a Multi-year Resistance range breakout recently however its very much possible that if this breakout sustains more high possible in a very near term.

3. RSI has above 65, 68 & 70 respectively Daily, Weekly & Monthly Time frame. which is considered as an overbought zone but when you read it with price and companies’ overall performance, current intrinsic value, Fundamentals and YoY growth it could be a good choice now.

4. Average Volume has increased recently and this stock has a pattern of increase in Volume just before any important event.

5. Price is Trading above its 100- & 250-Days EMA at Daily, Weekly & monthly Time Frame which again is a green signal however it is in an overbought zone as of now. It's better to accumulate more near 450 to 480 range with a long to medium term holding view.  Closing below 250 EMA (Weekly Time Frame) could be followed as a stop loss or profit booking zone.

6. .MACD has bullish Cross over at weekly time Trade.

7. 510 & 475 may act as a major support level for this uptrend continuation. 

Financials 

1. This Company has given a 26.30% Yearly Return and its market cap is 942 Cr.

2. Its PE Ratio is 23.49 vs sector PE ratio 23.58

4. Company has declared growth in its total (lakh) income (Lakh increased nearly 1000 by)  8555.59 compared to last year 7714.86.

5.  Total Promoters Holdings is 51.78%

6. Retail participation has increased almost by 5% i.e 28.62% to  33.07%

7. 2018 High 555 Level in Last month April 2023.

8. Foreign Institutional Investment:  2012 it was 7.1% & now 2023 it is 5.32%

Major competitors of Bharat Electronics Ltd, Syrma SGS Technology Ltd & Honeywell Automation India Ltd.