TGV Sraac Reports Strong Q3 FY24-25 Growth Amidst Market Challenges

TGV Sraac, a small-cap player in the chemicals industry, has recently undergone an adjustment in evaluation, reflecting a nuanced view of its financial standing. The company reported positive financial performance for the third quarter of FY24-25, with notable growth in key metrics. Profit Before Tax (PBT) less Other Income for the quarter reached Rs 28.15 crore, marking an increase of 87.2%, while Profit After Tax (PAT) stood at Rs 23.90 crore, up by 70.8%. Additionally, TGV Sraac's cash and cash equivalents reached a high of Rs 76.04 crore, indicating a solid liquidity position.
The company's Return on Capital Employed (ROCE) is recorded at 5.8, and it boasts an attractive valuation with an enterprise value to capital employed ratio of 0.9. Despite these positive indicators, the stock has faced challenges, generating a return of -7.91% over the past year and showing a decline in profits by 8%. Furthermore, the technical trend has shifted to a mildly bearish range, with the Bollinger Band indicating bearish signals since late January 2025.

Overall, TGV Sraac's recent evaluation adjustment reflects a complex interplay of growth potential and market performance dynamics.

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