M K Exim (India) Downgraded to 'Sell' by MarketsMOJO on April 2, 2024.

M K Exim (India), a microcap company in the textile industry, has recently been downgraded to a 'Sell' by MarketsMOJO on April 2, 2024. This decision was based on the company's negative results in December 2023, with a decline in profits and the lowest ROCE (Return on Capital Employed) at 32.17%. Additionally, the company's net sales for the quarter were also at a low of Rs 19.23 crore.
Technically, the stock is currently in a Mildly Bearish range, with a deteriorating trend from Mildly Bullish on April 2, 2024. The RSI (Relative Strength Index) and Bollinger Band technical factors also indicate a bearish trend for the stock.

Furthermore, with an ROE (Return on Equity) of 21.2%, the stock is currently trading at an expensive valuation with a price to book value of 4.1. This is higher than its average historical valuations. Despite generating a return of 40.56% in the past year, the company's profits have only risen by 0.3%, resulting in a high PEG (Price/Earnings to Growth) ratio of 15.9.

On a positive note, M K Exim (India) has a low debt to equity ratio of 0.06 times, indicating a healthy financial position. The company has also shown long-term growth with an annual growth rate of 35.19% in net sales and 81.87% in operating profit.

It is worth noting that the majority of the company's shareholders are non-institutional investors. Overall, while M K Exim (India) may have potential for long-term growth, current market conditions and financial performance suggest a 'Sell' rating for the stock. Investors should carefully consider all factors before making any investment decisions.