TGV Sraac Reports Q2 Turnaround Amid Ongoing Market Challenges and Dividend Increase

TGV Sraac, a small-cap player in the chemicals industry, has recently undergone an adjustment in evaluation by MarketsMOJO. This revision comes in light of the company's financial performance in the second quarter of FY24-25, which marked a notable turnaround after a series of losses over six consecutive quarters.
Despite a reported decline in operating profit at an annual rate of 10.76%, TGV Sraac achieved its highest operating profit to interest ratio at 13.29 times. The company also declared a dividend per share of Rs 1.00, with a dividend payout ratio of 17.64%, both reaching their highest levels.

The technical trend for TGV Sraac is currently sideways, reflecting a lack of clear price momentum. Since the evaluation adjustment, the stock has generated a return of -6.75%. The return on capital employed (ROCE) stands at 5.8, and the enterprise value to capital employed ratio is at 0.9, suggesting that the stock is attractively valued, trading at a discount to its historical averages. However, over the past year, TGV Sraac has underperformed the broader market, with a return of -11.46% compared to the BSE 500's 7.04%.

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