Veedol Corporation Receives 'Hold' Rating from MarketsMOJO, Shows Strong Financials and Outperforms Market

Veedol Corporation, a smallcap company in the lubricants industry, has recently received a 'Hold' rating from MarketsMOJO on November 18, 2024. This upgrade is based on the company's low Debt to Equity ratio, which is currently at 0 times on average.
The technical trend for Veedol Corporation is currently sideways, indicating no clear price momentum. This trend has worsened from being mildly bullish on November 13, 2024, and has generated a return of 1.01% since then.

In terms of valuation, Veedol Corporation has a very attractive ROE of 17 and a price to book value of 3.5. The stock is currently trading at a discount compared to its average historical valuations. Over the past year, the stock has generated a return of 37.22%, while its profits have increased by 16.9%. The PEG ratio of the company is 1.2.

Veedol Corporation has also outperformed the market (BSE 500) with a return of 37.22% in the last year, compared to the market's return of 23.90%.

However, the company's long-term growth has been poor, with net sales growing at an annual rate of 7.02% and operating profit at 1.07% over the last 5 years.

In the latest quarter (September 2024), Veedol Corporation's DPR (Y) was at its lowest at 61.85%, and its debtors turnover ratio (HY) was also at its lowest at 7.66 times.

Despite being a smallcap company, domestic mutual funds hold only 0.2% of Veedol Corporation's shares. This could indicate that they are either not comfortable with the current price or the business itself. Domestic mutual funds have the capability to conduct in-depth research on companies, making their small stake in Veedol Corporation a noteworthy point.