Indian Toners & Developers Upgraded to 'Hold' Rating by MarketsMOJO

Indian Toners & Developers, a microcap company in the dyes and pigments industry, has recently been upgraded to a 'Hold' rating by MarketsMOJO. This decision is based on several factors, including the company's low Debt to Equity ratio, which is currently at 0 times on average.
The technical trend for the stock is currently sideways, indicating no clear price momentum. However, it has improved from a mildly bearish trend on July 24, 2024 and has generated a return of 0.12% since then.

With a Return on Equity (ROE) of 15.3, Indian Toners & Developers is considered to have a very attractive valuation with a price to book value of 1.8. The stock is currently trading at a discount compared to its average historical valuations. In the past year, the stock has generated a return of 15.34%, while its profits have only risen by 0.7%. This results in a PEG ratio of 5.8 for the company.

The majority shareholders of Indian Toners & Developers are the promoters, indicating their confidence in the company's future prospects. However, the company has shown poor long-term growth with net sales growing at an annual rate of 6.30% and operating profit at 5.41% over the last 5 years.

In the latest quarter, the company's results were flat with a PBT LESS OI(Q) of Rs 7.56 crore, which has fallen by -18.53%. Additionally, the stock has underperformed the market in the last year, generating a return of 15.34% compared to the market's return of 37.44%.

Overall, while Indian Toners & Developers may have some attractive valuation metrics and the confidence of its promoters, its poor long-term growth and underperformance in the market may make it a 'Hold' for now. Investors should keep an eye on the company's future performance before making any investment decisions.