Shahlon Silk Industries Receives 'Hold' Rating After Strong Quarter Results
Shahlon Silk Industries, a microcap company in the textile industry, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes after the company reported positive results in the quarter ending March 2024, with its net sales, PBDIT, and PAT reaching their highest levels at Rs 173.65 crore, Rs 8.02 crore, and Rs 1.15 crore respectively.Technically, the stock is currently in a Mildly Bullish range, with its trend improving from Sideways on 15-Jul-24. The MACD and KST technical factors also indicate a Bullish trend. Additionally, with a ROCE of 8.6, the company has a Very Attractive valuation with a 1.3 Enterprise value to Capital Employed. The stock is also trading at a discount compared to its average historical valuations.
Over the past year, Shahlon Silk Industries has generated a return of 46.44%, while its profits have risen by 464%. This has resulted in a low PEG ratio of 0.1, indicating that the stock may be undervalued.
Institutional investors have also shown an increasing interest in the company, with their stake rising by 5.04% in the previous quarter. These investors have better resources and capabilities to analyze the fundamentals of companies, making their participation a positive sign for Shahlon Silk Industries.
However, the company does have some weak points in its long-term fundamental strength. It has shown a -12.12% CAGR growth in Operating Profits over the last 5 years, indicating a decline in profitability. Additionally, its high Debt to EBITDA ratio of 5.28 times suggests a low ability to service debt. The company's Return on Equity (avg) of 0.91% also signifies low profitability per unit of shareholders' funds.
Overall, while Shahlon Silk Industries has shown positive growth in the recent quarter and has attracted institutional investors, its long-term fundamental strength and profitability may be a cause for concern. Investors are advised to hold onto their positions for now and monitor the company's performance closely.
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