Progrex Ventures

When is the next results date for Progrex Ventures?

No Upcoming Board Meetings

Is Progrex Ventures overvalued or undervalued?

As of November 12, 2024, Progrex Ventures is rated as "risky" and overvalued with a negative PE ratio of -8.19 and a ROCE of -1.62%, indicating significant financial distress compared to stronger peers like Manorama Industries and CIAN Agro, despite a historical stock return of 227.38% over five years.

As of 12 November 2024, Progrex Ventures has moved from a grade of "does not qualify" to "risky." The company is currently assessed as overvalued, given its negative PE ratio of -8.19 and EV to EBIT of -8.12, indicating significant financial distress. Additionally, the return on capital employed (ROCE) stands at -1.62%, further highlighting the company's challenges in generating returns.<BR><BR>In comparison to its peers, Progrex Ventures' valuation metrics are starkly unfavorable. For instance, Manorama Industries Ltd. has a PE ratio of 73.92, while CIAN Agro Industries & Infrastructure Ltd. boasts a PE of 31.9, both indicating much stronger market positions. With a current price of 22.72, Progrex Ventures has not shown significant stock performance relative to the Sensex, particularly over the last five years, where it has returned 227.38% compared to the Sensex's 143.01%. This suggests that despite some historical gains, the current valuation does not justify the risks associated with the company's financial health.

What is the technical trend for Progrex Ventures?

As of May 27, 2025, Progrex Ventures shows a mildly bullish trend, supported by bullish MACD and KST indicators, while the bearish RSI indicates potential momentum weakness.

As of 27 May 2025, the technical trend for Progrex Ventures has changed from bullish to mildly bullish. The weekly MACD and KST indicators remain bullish, supporting a positive outlook in the short term. However, the weekly RSI is bearish, indicating potential weakness in momentum. The daily moving averages are bullish, suggesting short-term strength. Dow Theory also reflects a mildly bullish stance on both weekly and monthly time frames. Overall, the indicators present a mixed picture, with bullish signals tempered by bearish momentum on the RSI, leading to a mildly bullish stance overall.

How has been the historical performance of Progrex Ventures?

Progrex Ventures has shown stable share capital but declining total reserves and shareholder's funds from March 2020 to March 2025, with no profit before tax and stagnant operational performance. Total assets and liabilities have also decreased, and the book value per share fell from Rs 21.77 to Rs 20.35 during this period.

Answer:<BR>The historical performance of Progrex Ventures shows a consistent trend with no significant changes in key financial metrics over the years.<BR><BR>Breakdown:<BR>Progrex Ventures has maintained a stable share capital of Rs 3.60 crore from March 2020 to March 2025. However, total reserves have gradually decreased from Rs 4.24 crore in March 2020 to Rs 3.73 crore in March 2025. Shareholder's funds also declined from Rs 7.85 crore in March 2020 to Rs 7.34 crore in March 2025. The company has not taken on any long-term or short-term borrowings during this period, with total liabilities decreasing from Rs 9.05 crore in March 2020 to Rs 8.49 crore in March 2025. Total assets have similarly decreased from Rs 9.05 crore to Rs 8.49 crore over the same timeframe. Notably, the book value per share has seen a decline from Rs 21.77 in March 2020 to Rs 20.35 in March 2025. Throughout these years, the company has reported no profit before tax, and cash flow metrics indicate no inflows or outflows, reflecting a stagnant operational performance.

Which are the latest news on Progrex Ventures?

Why is Progrex Ventures Ltd falling/rising?

As of 01-Apr, Progrex Ventures Ltd's stock price is stable at Rs. 28.18, with a positive trend over the past month and year-to-date increases. However, concerns about erratic trading and a significant drop in investor participation may counterbalance this performance.

As of 01-Apr, Progrex Ventures Ltd's stock price is currently stable at Rs. 28.18, showing no change (0.00%). Despite this lack of movement today, the stock has demonstrated a positive trend over the past month, with a rise of 4.99%, and a year-to-date increase of 10.21%. Additionally, the stock has reached a new 52-week high today, indicating strong performance relative to its historical prices.<BR><BR>The stock has outperformed the sector by 9.95% today, which suggests that it is gaining traction compared to its peers. Furthermore, Progrex Ventures is trading above its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, which is typically a bullish indicator.<BR><BR>However, there are some concerns regarding trading activity, as the stock has experienced erratic trading, not trading on 5 out of the last 20 days. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 88.81% against the 5-day average. This decline in participation could indicate a lack of confidence among investors, which may counterbalance the positive price movements.<BR><BR>In summary, while Progrex Ventures Ltd is currently stable in price, it has shown strong performance trends recently, reaching new highs and outperforming the sector, despite some concerns about trading activity and investor participation.