Rishiroop Receives 'Hold' Rating from MarketsMOJO Due to Low Debt to Equity Ratio, Shows Positive Results in December 2023

Rishiroop, a microcap company in the rubber products industry, has recently received a 'Hold' rating from MarketsMOJO on April 22, 2024. This downgrade is due to the company's low Debt to Equity ratio, which is currently at 0 times.
However, Rishiroop has shown positive results in December 2023, with its PBDIT(Q) reaching a high of Rs 2.32 crore and its OPERATING PROFIT TO NET SALES(Q) at 11.59%. Additionally, its PBT LESS OI(Q) has also reached a high of Rs 2.12 crore.

Technically, the stock is in a Mildly Bullish range, with multiple factors such as MACD, Bollinger Band, and KST indicating a bullish trend. Furthermore, with a ROE of 18.3, the stock is currently trading at a Very Attractive valuation with a 1.5 Price to Book Value. It is also trading at a fair value compared to its average historical valuations.

In the past year, Rishiroop has generated a return of 87.27%, outperforming the BSE 500. Its profits have also seen a significant increase of 166.1%, with a PEG ratio of 0.1. The majority shareholders of the company are the promoters.

While Rishiroop has shown market-beating performance in the long term as well as the near term, its operating profit has seen a decline of -9.29% annually over the last 5 years. This may be a cause for concern for investors looking for long-term growth.

Overall, Rishiroop is a company with potential, but its current financials and long-term growth may warrant a 'Hold' rating for now. Investors should keep an eye on the company's performance in the coming months to make an informed decision.