Aastamangalam Finance Shows Strong Growth Amidst Mixed Long-Term Fundamentals

Aastamangalam Finance, a microcap player in the Non-Banking Financial Company (NBFC) sector, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in technical trends, moving from a mildly bullish stance to a bullish outlook.
The company's performance indicators reveal a notable trajectory, with a significant growth in net sales over the latest six months, reaching Rs 9.01 crore, which represents a growth rate of 77.36%. Additionally, the company reported its highest quarterly PBDIT at Rs 4.56 crore and a PBT less other income of Rs 3.99 crore.

Aastamangalam Finance has consistently delivered positive results for the past seven consecutive quarters, showcasing a robust profit increase of 83.2% over the last year. The stock has generated a return of 26.40% during this period, outperforming the BSE500 index over various time frames.

Despite these positive indicators, the company exhibits weak long-term fundamental strength, with an average Return on Equity (ROE) of 6.65%. The stock is currently trading at a fair valuation compared to its peers, with a Price to Book Value ratio of 1.7.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.