Tide Water Oil Co (I) Downgraded to 'Hold' by MarketsMOJO, Positive Financial Performance in Recent Quarters

Tide Water Oil Co (I) has recently been downgraded to a 'Hold' by MarketsMOJO due to its current financial performance. The company, which operates in the lubricants industry and is classified as a smallcap, has a low Debt to Equity ratio of 0 times, indicating a stable financial position.
However, the company has shown positive results for the last 4 consecutive quarters, with its highest operating cash flow at Rs 155.50 Cr and a growth of 22.00% in its profit after tax. Its return on capital employed (ROCE) is also at a high of 22.80%. These factors suggest that the company is performing well in terms of its financials.

Technically, the stock is in a mildly bullish range and its MACD and KST technical factors are also bullish. With a return on equity (ROE) of 17.3, the stock is currently trading at an attractive valuation with a price to book value of 5.1. It is also trading at a fair value compared to its average historical valuations.

Moreover, the stock has generated a return of 102.58% in the last year, outperforming the market (BSE 500) returns of 33.83%. This is a positive sign for investors.

In addition, the promoters of Tide Water Oil Co (I) have increased their stake in the company by 1.88% in the previous quarter, currently holding 64.15% of the company. This shows their high confidence in the future of the business.

However, the company has shown poor long-term growth with a net sales growth rate of 6.88% and an operating profit growth rate of 1.07% over the last 5 years. This could be a concern for investors looking for long-term growth potential.

In conclusion, while Tide Water Oil Co (I) has shown positive financial performance in the recent quarters and has a strong promoter confidence, its long-term growth potential may be a cause for concern. Investors may want to hold onto their stocks for now and monitor the company's performance in the future.