Adcon Capital Services Experiences Revision in Stock Evaluation Amid Mixed Financial Performance

Adcon Capital Services, a microcap player in the finance and non-banking financial company (NBFC) sector, has recently experienced a revision in its stock evaluation by MarketsMOJO. The adjustment reflects concerns over the company's long-term fundamental strength, particularly highlighted by an average Return on Equity (ROE) of 3.09%.
Despite a notable increase in profits, with a 160% rise over the past year, the stock's operating profit growth has been modest, averaging just 1.17% annually. This has contributed to a technical assessment that places the stock in a mildly bearish range, a shift from its previously mildly bullish status.

In terms of financial performance, Adcon Capital Services reported its highest quarterly figures in September 2024, with PBDIT and PBT both reaching Rs 1.23 crore, and PAT at Rs 1.15 crore. The stock's valuation remains attractive, trading at a 0.6 Price to Book Value, and it is currently priced at a discount compared to historical averages.

Additionally, the stock has been added to MarketsMOJO's list, indicating a recognition of its current market position amidst the challenges it faces.